Polynet Public Company Limited

Polynet Public Company Limited

6.95
THB
+0.10
(+1.46%)
0.64EPS
10.68P/E
3.06BMarket Cap
Nov 18Next Earn
Polynet Public Company Limited
SET:POLY
(Stock Exchange of Thailand)

Recent

price

6.95

P/E

ratio

10.68

div

yld

8.20%

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
THB
1.16
1.75
3.13
2.14
2.28
2.67
2.76
Revenue per Share
0.05
0.27
0.47
0.39
0.48
0.6
0.64
Basic EPS, GAAP
0.04
0.16
0.27
0.4
0.6
0.53
0.62
Free Cash Flow per Basic Share
- -
- -
0.99
0.17
0.49
0.52
0.57
Dividend per Share
1.41
1.78
2.67
2.89
2.88
2.95
2.97
Book Value per Share
1.4
1.77
2.66
2.88
2.87
2.95
2.97
Tangible Book Value per Share
450
450
346
450
450
450
450
Basic Weighted Avg Shares
523
786
1,082
961
1,024
1,199
1,243
Sales/Revenue/Turnover
8.08
19.8
17.74
15.71
22.04
24.57
25.59
Operating Margin (%)
82
83
95
104
102
100
102
Depreciation Expense
22
121
162
175
214
268
287
Net Income, GAAP
15.01
14.35
16.12
14.64
5.34
9.3
10.14
Effective Tax Rate (%)
4.17
15.38
14.94
18.21
20.91
22.35
23.07
Profit Margin (%)
-107
-51
455
418
427
429
470
Working Capital
198
248
198
55
28
7
3
LT Debt
466
587
1,203
1,302
1,295
1,329
1,339
Total Equity
- -
14.81
14.6
11.75
15.37
19.8
21.12
Return on Invested Capital (%)
- -
14.92
14.78
12.66
15.9
19.97
21.32
Return on Capital (%)
- -
22.96
18.06
13.97
16.49
20.43
21.66
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
21
18
12
LT Borrowings
- -
- -
- -
LT Finance Leases
7
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
450
450
450
Market Capitalization
3,150
3,105
3,060

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
578
685
631
Cash, Cash Equivalents & STI
277
375
301
Accounts Receivable, Net
214
212
224
Inventories
70
81
86
Total Current Liabilities
150
312
161
Payables & Accruals
119
279
143
ST Debt
21
18
12
Deferred Revenue
6
13
3

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
28.23%
2.63%
Free Cash Flow
- -
87.95%
-10.21%
Net Income, GAAP
- -
108.87%
25.21%
Sales/Revenue/Turnover
- -
20.11%
17.14%
Total Cash Common Dividend
- -
- -
6.12%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
235
241
253
296
1,024
2025
308
275
317
300
1,199
2026
291
335
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.11
0.13
0.14
0.48
2025
0.17
0.11
0.17
0.15
0.6
2026
0.16
0.16
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.29
0.2
- -
0.49
2025
- -
0.25
0.27
- -
0.52
2026
- -
0.3
- -
- -
- -
Business
Polynet Public Company Limited manufactures and sells precision rubber, plastic, silicone, and mold products primarily for the automotive, medical equipment, and consumer products industries. Its automotive segment includes car ventilation grills, wiring harness covers, door seals, snubbers, mudguards, air hoses, rubber seals, hose clamps, axle covers, dust seals, steering rubbers, stabilizers, ropes, silicone valves, and airbag covers. The medical segment offers internal and external medical devices and medical device components, while the consumer product segment supplies parts for electrical appliances, lighting equipment, food and beverage packaging, mother and baby products, pet products, and sports equipment. Polynet operates manufacturing facilities in Thailand and Vietnam and serves international markets including Japan, Australia, and Europe. Founded in 1998, the company is headquartered in Samut Prakan, Thailand. Polynet recently transitioned to a public company limited status and increased its registered capital, reflecting its strategic expansion efforts. The company is focused on diversifying its revenue streams by expanding its medical device and consumer goods product lines to balance the historically automotive-focused sales. Polynet emphasizes quality and compliance with international standards, maintaining ISO 9001 and ISO 13485 certifications. It continues to invest in factory and machinery expansions to support growth and maintain its one-stop service approach from mold design and formula development to molding and finished product supply. The company announced an interim cash dividend for the first half of 2024, indicating stable profitability and confidence in continued growth. Polynet's strategic outlook includes geographic expansion and tapping into growing industries with high demand for molded rubber and plastic components, aiming to enhance its global footprint while maintaining a strong presence in Southeast Asia. It leverages close customer collaboration and comprehensive after-sales service to sustain long-term partnerships and market responsiveness. Its diversified product portfolio and strong operational base position it well within the competitive rubber and plastic manufacturing industry. This description reflects Polynet Public Company Limited's detailed product offerings, strategic developments, and operational scope through 2025, based on verified recent company data and industry analysis.