1. Thailand Stocks

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    Process industries

  3. •

    Containers/Packaging
Thai O.P.P. Public Co. Ltd.

Thai O.P.P. Public Co. Ltd.

128.50
THB
-3.00
(-2.28%)
25.36EPS
5.46P/E
831.00MMarket 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
208.87
224.25
238.19
247.99
262.83
275.74
263
264.55
263.84
277.76
258.89
280.91
278.13
286.96
Basic EPS, GAAP
16.28
16.37
16.05
18.23
19.71
15.81
18.93
21.82
14.67
14.25
18.71
18.48
18.71
25.36
Free Cash Flow per Basic Share
7.53
8.48
20.35
3.83
-7.65
16.52
22.25
40.67
16.78
22.56
-20.63
9.02
29.67
7.77
Dividend per Share
4.2
4.6
4.6
4.65
5.15
5.83
4.67
5.5
6.33
4.05
3.82
6.68
4.91
4.42
Book Value per Share
146.57
158.34
170.61
184.19
197.21
207.39
221.74
237.27
248
257.54
270.81
282.22
292.37
303.56
Tangible Book Value per Share
145.64
157.52
169.85
183.52
196.62
206.9
221.38
236.99
247.87
257.5
270.78
282.2
292.32
303.51
Basic Weighted Avg Shares
6
6
6
6
6
6
6
6
6
6
6
6
6
6
Sales/Revenue/Turnover
1,253
1,345
1,429
1,488
1,577
1,654
1,578
1,587
1,583
1,667
1,553
1,685
1,669
1,722
Operating Margin (%)
7.84
6.27
5.8
6.91
7.22
5.06
7.54
8.71
5.6
5.18
7.4
6.89
6.85
9.77
Depreciation Expense
68
76
85
87
89
98
100
115
111
96
91
93
94
94
Net Income, GAAP
98
98
96
109
118
95
114
131
88
86
112
111
112
152
Effective Tax Rate (%)
6.4
8.5
8.53
8.51
9.87
10.38
7.8
5.87
4.56
5.81
10.92
10.2
14.77
16.06
Profit Margin (%)
7.79
7.3
6.74
7.35
7.5
5.73
7.2
8.25
5.56
5.13
7.23
6.58
6.73
8.84
Working Capital
353
436
502
613
565
678
762
867
965
932
960
1,073
1,125
1,231
LT Debt
- -
- -
- -
- -
- -
- -
- -
96
88
74
97
114
96
85
Total Equity
879
950
1,024
1,105
1,183
1,244
1,330
1,424
1,488
1,545
1,625
1,693
1,754
1,821
Return on Invested Capital (%)
11.66
10.8
9.81
10.42
10.04
6.19
8.57
9.16
5.46
5.08
6.1
5.87
5.27
7.51
Return on Capital (%)
11.58
10.73
9.76
10.28
10.34
7.81
8.82
9.54
5.98
5.61
6.93
6.5
6.31
8.3
Return on Common Equity (%)
11.58
10.73
9.76
10.28
10.34
7.81
8.82
9.51
6.05
5.64
7.08
6.68
6.51
8.65

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
20
20
21
LT Borrowings
- -
- -
- -
LT Finance Leases
96
91
85
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
864
810
831

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,311
1,350
1,431
Cash, Cash Equivalents & STI
652
682
593
Accounts Receivable, Net
476
472
552
Inventories
170
182
273
Total Current Liabilities
186
190
200
Payables & Accruals
163
170
179
ST Debt
20
20
21
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.54%
4.27%
3.6%
Free Cash Flow
-70.98%
-26.09%
229%
Net Income, GAAP
3.26%
-0.86%
1.25%
Sales/Revenue/Turnover
1.67%
1.14%
-0.99%
Total Cash Common Dividend
4.47%
4.35%
-26.5%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
403
408
438
435
1,685
2025
421
412
441
395
1,669
2026
409
477
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.72
4.21
4.03
4.53
18.48
2025
5.61
2.86
5.94
4.31
18.71
2026
4.53
10.6
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
6.68
- -
- -
6.68
2025
- -
4.91
- -
- -
4.91
2026
- -
4.42
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Suthee Limatibul
Full Time Employees
500
Sector
Process industries
Industry
Containers/Packaging
Address
1741 Chan Road Bangkok Thailand 10120
IPO Date
May 2, 1991
Website
topp.co.th
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Business
Thai O.P.P. Public Company Limited manufactures and distributes plastic films, stickers, laminate tubes, and packaging products in Thailand. Established in 1983 and headquartered in Bangkok, the company produces a wide range of plastic films including oriented polypropylene (OPP), polyolefin shrink films, cast polypropylene (CPP) films, metallized films, stretch films, films for lamination, skin vacuum films, blown linear low-density polyethylene films, CPP breathable films, and protection films; sticker labels and stretchable labels; laminate tubes; and related packaging solutions such as shrink machines for industries including food, cosmetics, medical products, consumer goods, and industrial packaging. It operates through three main segments: plastic films, stickers, and tubes, serving domestic markets with a focus on customized, high-performance, and sustainable packaging supported by ongoing research and development in thinner, stronger films and eco-friendly practices guided by the 5Rs principles of refuse, reduce, reuse, repurpose, and recycle. In December 2024, the company entered into related-party lease transactions for factory buildings in Chachoengsao Province to support warehouse operations and toothpaste tube production, with a total value of THB 3.45 million representing 0.21% of net tangible assets; it also proposed a cash dividend for the 2024 fiscal year payable in May 2025.