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    Commercial printing/Forms
Shrinkflex (Thailand) Public Co Limited

Shrinkflex (Thailand) Public Co Limited

1.50
THB
-0.01
(-0.66%)
0.15EPS
9.50P/E
624.80MMarket Cap
Nov 06Next Earn
Shrinkflex (Thailand) Public Co Limited
SET:SFT
(Stock Exchange of Thailand)

Recent

price

1.50

P/E

ratio

9.50

div

yld

4.66%

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
1.79
1.98
2.19
2.99
2.33
1.8
1.95
2.09
2.22
2.39
2.38
Revenue per Share
0.07
0.1
0.16
0.29
0.27
0.25
0.14
0.07
0.05
0.15
0.15
Basic EPS, GAAP
-0.01
0.18
-0.02
0.04
0.05
-0.09
-0.27
-0.15
0.05
0.29
0.03
Free Cash Flow per Basic Share
- -
- -
- -
0.48
0.51
0.07
0.1
0.07
0.05
0.03
0.07
Dividend per Share
0.39
0.43
0.5
0.52
1.49
1.68
1.72
1.72
1.73
1.84
1.84
Book Value per Share
0.38
0.42
0.49
0.51
1.48
1.67
1.71
1.71
1.72
1.83
1.84
Tangible Book Value per Share
196
196
196
196
291
440
440
440
440
440
440
Basic Weighted Avg Shares
352
388
429
585
677
794
859
920
979
1,053
1,046
Sales/Revenue/Turnover
5.97
7.06
9.86
13.31
16.44
16.47
9.47
4.98
3.7
8.72
7.78
Operating Margin (%)
25
26
25
33
45
51
55
77
81
77
79
Depreciation Expense
13
20
31
57
78
112
63
30
24
67
66
Net Income, GAAP
20.61
22.19
20.19
20.11
20.01
20.01
19.86
21.52
19.68
20.91
21
Effective Tax Rate (%)
3.68
5.04
7.18
9.72
11.54
14.08
7.34
3.29
2.47
6.37
6.29
Profit Margin (%)
52
78
71
90
412
420
261
239
235
284
263
Working Capital
25
16
9
52
66
59
94
105
141
90
106
LT Debt
171
191
222
228
658
738
756
756
760
809
812
Total Equity
- -
8.61
12.54
19.59
16.17
14.75
7.89
4.03
3.14
7.55
7.02
Return on Invested Capital (%)
- -
9.13
12.57
19.54
16.14
14.75
7.87
4.02
3.14
7.54
7.02
Return on Capital (%)
- -
10.8
14.94
25.29
17.65
16.01
8.44
4
3.18
8.54
8.26
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
57
98
143
LT Borrowings
58
94
82
LT Finance Leases
32
28
24
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
440
440
440
Market Capitalization
942
748
625

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
487
515
553
Cash, Cash Equivalents & STI
26
23
20
Accounts Receivable, Net
184
198
217
Inventories
261
270
293
Total Current Liabilities
203
243
290
Payables & Accruals
142
141
145
ST Debt
57
98
143
Deferred Revenue
4
3
2

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
4.33%
6.46%
Free Cash Flow
- -
21.75%
492.33%
Net Income, GAAP
- -
20.96%
177.62%
Sales/Revenue/Turnover
- -
9.29%
7.56%
Total Cash Common Dividend
- -
-25.42%
-25.06%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
240
266
243
230
979
2025
262
279
265
247
1,053
2026
251
283
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.03
- -
0.02
0.05
2025
0.04
0.03
0.05
0.02
0.15
2026
0.03
0.05
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.05
- -
- -
0.05
2025
- -
0.03
- -
- -
0.03
2026
- -
0.07
- -
- -
- -
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Business
Shrinkflex (Thailand) Public Company Limited manufactures and distributes shrink sleeve labels primarily through gravure, digital and flexo printing systems in Thailand. The company provides PVC and PET shrink films, high-definition printing solutions, green and flexible packaging options, stretch films, consulting services, high-performance graphic design, production and quality control processes, packaging and inventory management systems, and temperature-controlled delivery services; it serves small and medium enterprises alongside larger clients across food, beverage and consumer goods sectors while exporting products regionally in Southeast Asia. Founded in 2007 and headquartered in Chachoengsao, Thailand, Shrinkflex maintains ISO 9001:2015 certification and operates with annual production capacity exceeding 175 million meters of gravure printing and 4.5 million meters of digital printing. In 2024, the company invested 83.8 million Thai baht in new equipment including plate-making and pouch bag-making machines, followed by the installation of a Nilpeter FA-22 flexo press in 2025 to target cost-effective printing for SMEs and enhance environmental sustainability; these expansions form part of a three-year 188.6 million baht machinery investment program supporting 6.4% revenue growth to 978.8 million Thai baht in 2024 and a target exceeding one billion baht in 2025, alongside deepened strategic partnership with Nilpeter designating its facility as an open house for regional printing demonstrations and recent joining of the SEDEX ethical supply chain platform.