Reported Earnings • May 17
First quarter 2026 earnings released: EPS: ฿0.31 (vs ฿0.27 in 1Q 2025) First quarter 2026 results: EPS: ฿0.31 (up from ฿0.27 in 1Q 2025). Revenue: ฿1.05b (up 2.6% from 1Q 2025). Net income: ฿171.2m (up 18% from 1Q 2025). Profit margin: 16% (up from 14% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 31
Upcoming dividend of ฿0.30 per share Eligible shareholders must have bought the stock before 07 April 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 7.6%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.1%). Declared Dividend • Feb 15
Final dividend increased to ฿0.30 Dividend of ฿0.30 is 11% higher than last year. Ex-date: 7th April 2026 Payment date: 30th April 2026 Dividend yield will be 7.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Feb 15
Full year 2025 earnings released: EPS: ฿1.12 (vs ฿1.12 in FY 2024) Full year 2025 results: EPS: ฿1.12 (up from ฿1.12 in FY 2024). Revenue: ฿3.87b (down 15% from FY 2024). Net income: ฿600.2m (flat on FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: ฿0.24 (vs ฿0.19 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.24 (up from ฿0.19 in 3Q 2024). Revenue: ฿857.6m (down 27% from 3Q 2024). Net income: ฿127.7m (up 27% from 3Q 2024). Profit margin: 15% (up from 8.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 14% per year. Declared Dividend • Aug 09
First half dividend of ฿0.40 announced Shareholders will receive a dividend of ฿0.40. Ex-date: 20th August 2025 Payment date: 5th September 2025 Dividend yield will be 7.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: ฿0.39 (vs ฿0.37 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.39 (up from ฿0.37 in 2Q 2024). Revenue: ฿1.16b (up 2.0% from 2Q 2024). Net income: ฿207.6m (up 5.2% from 2Q 2024). Profit margin: 18% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ฿0.27 (vs ฿0.29 in 1Q 2024) First quarter 2025 results: EPS: ฿0.27 (down from ฿0.29 in 1Q 2024). Revenue: ฿1.03b (down 10% from 1Q 2024). Net income: ฿145.4m (down 5.7% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Tillkännagivande • Apr 01
Sahamitr Pressure Container Public Company Limited Approves Cash Dividend for Second Half of 01 July 2024 to 31 December 2024, Payable on 30 April 2025 Sahamitr Pressure Container Public Company Limited at its AGM held on March 31, 2025, y approved the dividend payment from the net profit of 2024 as a cash dividend of THB 0.67 per share, in which the interim dividend payment for the first half of the fiscal year 2024 (January 1 - June 30) had been paid amounting of THB 0.40 per share with a par value of THB 1.00 on September 6, 2024. The remaining dividend for the second half of fiscal year 2024 (July 1 - December 31) of THB 0.27 per share with a par value of THB 1.00, totaling not exceeding THB 144,586,710. This dividend payment is in accordance with the Company's policy. The record date for the names of shareholders who have rights to receive dividends is scheduled to be on April 8, 2025 and dividends will be paid on April 30, 2025. Upcoming Dividend • Mar 28
Upcoming dividend of ฿0.27 per share Eligible shareholders must have bought the stock before 04 April 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 60% and the cash payout ratio is 77%. Trailing yield: 7.4%. Lower than top quartile of Thai dividend payers (7.6%). Higher than average of industry peers (4.7%). Declared Dividend • Feb 16
Final dividend increased to ฿0.27 Dividend of ฿0.27 is 29% higher than last year. Ex-date: 4th April 2025 Payment date: 30th April 2025 Dividend yield will be 7.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: ฿1.12 (vs ฿0.69 in FY 2023) Full year 2024 results: EPS: ฿1.12 (up from ฿0.69 in FY 2023). Revenue: ฿4.58b (up 20% from FY 2023). Net income: ฿597.6m (up 61% from FY 2023). Profit margin: 13% (up from 9.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: ฿0.19 (vs ฿0.16 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.19 (up from ฿0.16 in 3Q 2023). Revenue: ฿1.17b (up 40% from 3Q 2023). Net income: ฿100.2m (up 19% from 3Q 2023). Profit margin: 8.6% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 10
First half dividend of ฿0.40 announced Shareholders will receive a dividend of ฿0.40. Ex-date: 21st August 2024 Payment date: 6th September 2024 Dividend yield will be 6.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Aug 09
Now 22% overvalued Over the last 90 days, the stock has fallen 4.5% to ฿9.50. The fair value is estimated to be ฿7.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 17%. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: ฿0.37 (vs ฿0.25 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.37 (up from ฿0.25 in 2Q 2023). Revenue: ฿1.14b (flat on 2Q 2023). Net income: ฿197.4m (up 46% from 2Q 2023). Profit margin: 17% (up from 12% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: ฿0.29 (vs ฿0.09 in 1Q 2023) First quarter 2024 results: EPS: ฿0.29 (up from ฿0.09 in 1Q 2023). Revenue: ฿1.14b (up 40% from 1Q 2023). Net income: ฿154.3m (up 222% from 1Q 2023). Profit margin: 14% (up from 5.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 28
Upcoming dividend of ฿0.21 per share Eligible shareholders must have bought the stock before 04 April 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (2.8%). Declared Dividend • Feb 16
Final dividend reduced to ฿0.21 Dividend of ฿0.21 is 48% lower than last year. Ex-date: 4th April 2024 Payment date: 26th April 2024 Dividend yield will be 4.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 3.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 7.9% EPS decline seen over the last 5 years. Tillkännagivande • Feb 15
Sahamitr Pressure Container Public Company Limited, Annual General Meeting, Mar 29, 2024 Sahamitr Pressure Container Public Company Limited, Annual General Meeting, Mar 29, 2024, at 10:00 SE Asia Standard Time. Location: Bangkhuntien-Chaitalay Road, Samaedam, Bangkhuntien, Bangkok 10150 Bangkok Thailand Agenda: To approve Issues to be informed from Chairman; to certify the minutes of 2023 Annual General Meeting of Shareholders, held on March 31, 2023; The Board of Directors report on the Company's performance of 2023; to approve the Company's Audited Financial Statements for the year ended December 31, 2023; to consider and approve the Dividend Payment from the net profit of 2023; to elect directors to replace the existing directors who retired by rotation; to consider and approve the director remunerations for the year 2024;to appoint the auditors and approve the remuneration for the year 2024;to approve the amendment of the Company's Articles of Association. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: ฿0.69 (vs ฿1.55 in FY 2022) Full year 2023 results: EPS: ฿0.69 (down from ฿1.55 in FY 2022). Revenue: ฿3.81b (down 27% from FY 2022). Net income: ฿371.2m (down 55% from FY 2022). Profit margin: 9.7% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Tillkännagivande • Feb 15
Sahamitr Pressure Container Public Company Limited Proposes Cash Dividend for the Second Half Ended December 31, 2023, Payable on April 26, 2024 Sahamitr Pressure Container Public Company Limited at its board meeting held on February 14, 2024, approved to propose at Annual General Meeting of Shareholders to be held on March 29, 2024, cash dividend for the second half of fiscal year 2023 (July 1, 2023 to December 31, 2023) of THB 0.21 per share with a par value of THB 1.00, totaling not exceeding THB 112,456,330 Provided that dividend shall be subject to withholding tax at the rate 20% required by laws. The record date for the names of shareholders who have rights to receive dividends is scheduled to be on April 5, 2024. The cash dividend payment shall be made on April 26, 2024, subject to the 2024 Annual General Meeting of Shareholders' approval. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.36 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.16 (down from ฿0.36 in 3Q 2022). Revenue: ฿831.1m (down 40% from 3Q 2022). Net income: ฿84.4m (down 56% from 3Q 2022). Profit margin: 10% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.21 per share at 9.4% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 9.4%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.7%). Tillkännagivande • Aug 11
Sahamitr Pressure Container Public Company Limited Declares Cash Dividend for the Period from January 1, 2023 to June 30, 2023, Payable on September 8, 2023 Sahamitr Pressure Container Public Company Limited declared Cash dividend payment of THB 0.21 per share, Operating period from January 1, 2023 to June 30, 2023. Ex-dividend date: August 23, 2023, Payment date: September 8, 2023. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.25 (vs ฿0.45 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.25 (down from ฿0.45 in 2Q 2022). Revenue: ฿1.13b (down 19% from 2Q 2022). Net income: ฿135.4m (down 44% from 2Q 2022). Profit margin: 12% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 31
Upcoming dividend of ฿0.40 per share at 8.1% yield Eligible shareholders must have bought the stock before 07 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 65% and the cash payout ratio is 77%. Trailing yield: 8.1%. Within top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.3%). Major Estimate Revision • Feb 20
Consensus revenue estimates fall by 20% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿6.13b to ฿4.91b. EPS estimate fell from ฿1.53 to ฿1.08 per share. Net income forecast to shrink 34% next year vs 7.5% decline forecast for Packaging industry in Thailand. Consensus price target down from ฿15.60 to ฿11.00. Share price fell 7.6% to ฿12.10 over the past week. Price Target Changed • Feb 16
Price target decreased by 29% to ฿11.00 Down from ฿15.60, the current price target is provided by 1 analyst. New target price is 7.6% below last closing price of ฿11.90. Stock is down 12% over the past year. The company is forecast to post earnings per share of ฿1.68 for next year compared to ฿1.36 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Tanadit Charoenchan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ฿0.36 (up from ฿0.31 in 3Q 2021). Revenue: ฿1.38b (up 22% from 3Q 2021). Net income: ฿190.7m (up 14% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Packaging industry in Thailand. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 27% per year. Price Target Changed • Nov 03
Price target decreased to ฿16.10 Down from ฿18.50, the current price target is provided by 1 analyst. New target price is 8.8% above last closing price of ฿14.80. Stock is up 29% over the past year. The company is forecast to post earnings per share of ฿1.70 for next year compared to ฿1.36 last year. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.60 per share Eligible shareholders must have bought the stock before 23 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 59% and the cash payout ratio is 89%. Trailing yield: 6.7%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 14
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: ฿0.45 (up from ฿0.33 in 2Q 2021). Revenue: ฿1.40b (up 23% from 2Q 2021). Net income: ฿241.6m (up 39% from 2Q 2021). Profit margin: 17% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the next year, revenue is forecast to grow 21%, compared to a 7.1% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 25% per year. Major Estimate Revision • Jun 24
Consensus revenue estimates increase by 16% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from ฿5.34b to ฿6.21b. EPS estimate increased from ฿1.40 to ฿1.87 per share. Net income forecast to grow 9.4% next year vs 13% growth forecast for Packaging industry in Thailand. Consensus price target up from ฿17.30 to ฿18.50. Share price rose 7.7% to ฿15.40 over the past week. Price Target Changed • May 15
Price target increased to ฿17.30 Up from ฿15.60, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿14.90. Stock is up 41% over the past year. The company is forecast to post earnings per share of ฿1.40 for next year compared to ฿1.36 last year. Reported Earnings • May 14
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ฿0.54 (up from ฿0.21 in 1Q 2021). Revenue: ฿1.53b (up 70% from 1Q 2021). Net income: ฿289.6m (up 153% from 1Q 2021). Profit margin: 19% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Over the next year, revenue is forecast to grow 6.4%, compared to a 9.6% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Tanadit Charoenchan was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 31
Upcoming dividend of ฿0.47 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 17
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿1.36 (up from ฿1.16 in FY 2020). Revenue: ฿4.55b (up 14% from FY 2020). Net income: ฿727.8m (up 18% from FY 2020). Profit margin: 16% (in line with FY 2020). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 17%, compared to a 11% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ฿0.31 (vs ฿0.34 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿1.13b (up 18% from 3Q 2020). Net income: ฿166.9m (down 7.5% from 3Q 2020). Profit margin: 15% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ฿11.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Packaging industry in Thailand. Total returns to shareholders of 5.0% over the past three years. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.35 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 09 September 2021. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.6%). Price Target Changed • Aug 13
Price target increased to ฿15.60 Up from ฿12.30, the current price target is provided by 1 analyst. New target price is 41% above last closing price of ฿11.10. Stock is down 16% over the past year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.33 (vs ฿0.34 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿1.14b (up 4.0% from 2Q 2020). Net income: ฿174.1m (down 4.5% from 2Q 2020). Profit margin: 15% (down from 17% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.21 (vs ฿0.27 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿903.4m (down 4.4% from 1Q 2020). Net income: ฿114.6m (down 22% from 1Q 2020). Profit margin: 13% (down from 16% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 31
Upcoming dividend of ฿0.43 per share Eligible shareholders must have bought the stock before 07 April 2021. Payment date: 30 April 2021. Trailing yield: 7.1%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (2.0%). Is New 90 Day High Low • Feb 01
New 90-day high: ฿11.70 The company is up 2.0% from its price of ฿11.50 on 03 November 2020. The Thai market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 24% over the same period. Major Estimate Revision • Jan 29
Analysts update estimates The 2020 consensus revenue estimate was lowered from ฿4.16b to ฿3.94b. Earnings per share (EPS) increased from ฿1.03 to ฿1.18 for the same period. Net income is expected to shrink by 7.0% next year compared to 13% growth forecast for the Packaging industry in Thailand . The consensus price target was lowered from ฿17.10 to ฿12.50. Share price is up 2.8% to ฿10.90 over the past week. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS ฿0.34 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿956.4m (up 32% from 3Q 2019). Net income: ฿180.5m (up 100% from 3Q 2019). Profit margin: 19% (up from 13% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Valuation Update With 7 Day Price Move • Oct 27
Market bids up stock over the past week After last week's 16% share price gain to ฿11.30, the stock is trading at a trailing P/E ratio of 12.2x, up from the previous P/E ratio of 10.5x. This compares to an average P/E of 11x in the Packaging industry in Thailand. Total returns to shareholders over the past three years are 1.3%. Valuation Update With 7 Day Price Move • Oct 20
Market pulls back on stock over the past week After last week's 20% share price decline to ฿9.75, the stock is trading at a trailing P/E ratio of 10.5x, down from the previous P/E ratio of 13.2x. This compares to an average P/E of 11x in the Packaging industry in Thailand. Total return to shareholders over the past three years is a loss of 11%. Is New 90 Day High Low • Oct 19
New 90-day low: ฿10.50 The company is down 8.0% from its price of ฿11.40 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 4.0% over the same period.