1. Thailand Stocks

  2. •

    Process industries

  3. •

    Containers/Packaging
Multibax Public Co. Ltd.

Multibax Public Co. Ltd.

2.00
THB
0.00
(0.00%)
0.30EPS
6.47P/E
381.65MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.42
13.62
12.84
10.25
9.64
8.1
7.47
9.81
7.6
10.27
5.72
6.92
8.53
8.1
Basic EPS, GAAP
0.07
0.33
0.56
0.39
0.36
0.43
0.27
0.92
0.33
0.64
-0.2
-0.1
0.19
0.3
Free Cash Flow per Basic Share
-0.37
0.29
1.01
1.05
-0.24
0.33
0.32
0.74
0.02
0.51
0.42
-0.39
0.71
0.65
Dividend per Share
0.12
0.2
0.37
0.45
0.32
0.32
0.37
0.45
0.56
0.42
0.37
- -
- -
0.1
Book Value per Share
2.37
2.51
2.68
2.62
2.63
2.74
2.63
3.1
2.87
3.08
2.51
2.41
2.6
2.69
Tangible Book Value per Share
2.33
2.47
2.66
2.6
2.62
2.73
2.63
3.09
2.8
2.97
2.4
2.31
2.51
2.6
Basic Weighted Avg Shares
128
128
134
148
171
192
192
192
192
192
195
198
199
200
Sales/Revenue/Turnover
1,462
1,743
1,727
1,520
1,645
1,554
1,434
1,882
1,459
1,971
1,118
1,374
1,695
1,618
Operating Margin (%)
1.47
3.26
5.69
4
2.21
4.23
3.21
10.91
4.45
9.22
-3.35
0.12
3.87
5.72
Depreciation Expense
64
65
63
66
71
67
59
74
79
79
79
79
77
76
Net Income, GAAP
10
42
76
58
61
83
51
176
62
123
-38
-20
37
59
Effective Tax Rate (%)
- -
13.29
1.85
1.02
0.13
- -
10.33
14.48
14.79
15.48
- -
- -
9.14
12.48
Profit Margin (%)
0.65
2.4
4.4
3.82
3.73
5.33
3.55
9.35
4.28
6.22
-3.41
-1.45
2.17
3.66
Working Capital
-106
-53
-22
-61
34
-50
-53
-32
-9
55
-125
-131
-38
-12
LT Debt
25
43
28
13
10
25
59
105
132
98
64
56
78
151
Total Equity
304
321
388
403
504
526
505
595
550
590
498
480
518
536
Return on Invested Capital (%)
1.18
4.94
8.76
6.97
7.21
- -
4.37
16.78
4.73
10.29
- -
- -
4.92
6.09
Return on Capital (%)
3.73
6.77
10.53
8.43
8.71
- -
6.41
18.08
7
11.56
- -
- -
5.48
6.37
Return on Common Equity (%)
3.1
13.4
21.41
14.68
13.54
16.09
9.89
32.01
10.9
21.51
-7.01
-4.08
7.39
11.49

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
597
556
673
LT Borrowings
28
25
22
LT Finance Leases
50
129
129
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
199
199
199
Market Capitalization
282
402
382

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
757
696
882
Cash, Cash Equivalents & STI
80
87
79
Accounts Receivable, Net
361
314
347
Inventories
296
254
448
Total Current Liabilities
795
712
894
Payables & Accruals
166
137
207
ST Debt
597
556
673
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.54%
-2.33%
7.84%
Free Cash Flow
212.51%
473.08%
-281.84%
Net Income, GAAP
-20.72%
-86.25%
-284.42%
Sales/Revenue/Turnover
2.99%
3.12%
23.37%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
300
333
352
389
1,374
2025
407
422
449
418
1,695
2026
357
395
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.03
-0.08
-0.07
-0.1
2025
0.04
0.03
0.06
0.05
0.19
2026
0.08
0.11
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
0.1
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Surachai Atsawakaewmongkhon
Full Time Employees
801
Sector
Process industries
Industry
Containers/Packaging
Address
211 Moo 3 Chonburi CO Thailand 20230
IPO Date
Jan 29, 2007
Website
multibax.com
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Business
Multibax Public Company Limited engages in the manufacture and distribution of polyethylene polymer bags for packaging applications. The company produces food packaging bags, including rectangular bags with white stripes, folded-rim bags for sandwiches and dry foods, zipper profile bags, and slider bags; garbage bags, such as drawstring bags, handled bags, four-end tie bags, degradable bags, and dog waste collection bags; bioplastic bags, including compostable biopolymer resin variants; and green plastic bags made from post-consumer recycled resin for enhanced environmental sustainability. Multibax Public Company Limited operates five production facilities in Thailand's Laem Chabang Industrial Estate, Chonburi province, exporting products to North America, Australia, Europe, and other Asian markets; it was founded on June 19, 1995, became a public company in 2005, and listed on the Market for Alternative Investment (MAI) under ticker MBAX.BK on January 29, 2007, with headquarters at No. 211 Moo 3, Thungsukhla Subdistrict, Sriracha District, Chonburi 20230, Thailand. Recent developments include the issuance and trading commencement of new shares from MBAX-W2 warrant exercises in September 2024, ongoing clarifications of financial ratio maintenance measures amid operational challenges reported in early 2025, appointment of new management team members such as the Engineering and Maintenance Director in February 2024, director resignations and board leadership changes in October 2024 and earlier periods, and the celebration of its 30th anniversary in July 2025 with special events reinforcing its focus on sustainable growth in the plastic packaging sector.