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Thai Plaspac Public Company Limited

Thai Plaspac Public Company Limited

9.80
THB
+0.05
(+0.51%)
1.79EPS
5.24P/E
2.91BMarket Cap
Nov 06Next Earn
Thai Plaspac Public Company Limited
SET:TPAC
(Stock Exchange of Thailand)

Recent

price

9.80

P/E

ratio

5.24

div

yld

5.02%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
5.76
6.16
3.44
7.86
8.33
7.7
6.32
6.24
9.96
14.41
12.2
15.91
21.43
20.84
22.09
20.89
21.95
Revenue per Share
0.55
0.38
0.25
0.62
0.46
0.51
0.44
0.42
0.12
0.53
0.99
0.47
0.98
1.5
1.27
1.46
1.7
Basic EPS, GAAP
0.1
0.01
0.17
0.37
0.4
0.4
-0.12
0.79
1.12
1.19
1.37
1.18
1.26
1.41
1.74
2.44
1.32
Free Cash Flow per Basic Share
0.28
0.3
0.1
0.06
0.32
0.3
0.35
0.21
0.03
- -
0.13
0.31
0.18
0.54
0.48
0.42
0.49
Dividend per Share
2.33
2.38
2.68
3.25
3.43
3.68
3.98
4.19
4.07
5.34
6.31
6.53
6.77
7.47
8.68
8.89
9.58
Book Value per Share
2.32
2.37
2.67
3.25
3.42
3.67
3.96
4.18
-1.21
1.03
2.16
-0.38
-0.26
0.92
2.45
3.26
3.87
Tangible Book Value per Share
200
200
400
200
201
206
241
254
254
261
327
327
327
327
327
327
328
Basic Weighted Avg Shares
1,152
1,232
1,375
1,572
1,673
1,584
1,524
1,584
2,528
3,756
3,983
5,194
6,997
6,804
7,214
6,821
7,202
Sales/Revenue/Turnover
12.3
9.01
9.61
9.48
7
8.85
8.42
8.11
2.02
7.75
13.44
10.15
8.07
12.01
10.17
11.76
11.41
Operating Margin (%)
65
82
91
104
117
129
129
132
190
289
321
428
482
495
544
531
519
Depreciation Expense
110
76
100
123
93
104
105
107
31
139
322
153
319
490
414
477
557
Net Income, GAAP
18.55
28.58
23.12
20.41
20.48
20.38
16.94
14.72
33.7
- -
19
54.68
17.68
16.73
12.65
17.16
15.7
Effective Tax Rate (%)
9.52
6.2
7.27
7.83
5.58
6.58
6.89
6.78
1.25
3.7
8.08
2.94
4.56
7.2
5.74
6.99
7.74
Profit Margin (%)
106
77
133
207
172
150
313
473
400
405
389
549
299
131
62
-112
-245
Working Capital
97
132
130
141
133
74
- -
- -
1,738
1,076
1,264
2,155
1,898
1,648
1,640
1,158
1,069
LT Debt
466
476
536
651
691
768
1,010
1,065
1,073
1,849
2,121
2,484
2,577
2,762
2,930
3,006
3,234
Total Equity
18.18
11.49
13.72
14.21
10.02
11.06
10.68
10.1
2.8
- -
11.49
4.83
8.37
11.67
10.4
10.33
36.06
Return on Invested Capital (%)
18.18
11.49
13.72
15.45
11.1
11.85
10.68
10.1
3.54
- -
9.84
3.93
7.29
9.89
8.56
9.41
10.42
Return on Capital (%)
24.94
16.21
19.77
20.74
13.92
14.29
11.8
10.35
3
10
16.92
7.29
14.68
21.09
15.7
16.63
18.77
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,941
1,938
2,280
LT Borrowings
886
777
762
LT Finance Leases
271
282
307
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
327
327
327
Market Capitalization
2,678
2,906
2,906

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,526
2,562
2,992
Cash, Cash Equivalents & STI
301
279
226
Accounts Receivable, Net
1,319
1,419
1,600
Inventories
664
656
900
Total Current Liabilities
2,637
2,751
3,238
Payables & Accruals
602
693
833
ST Debt
1,941
1,938
2,280
Deferred Revenue
70
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.16%
7.35%
2.61%
Free Cash Flow
-76.17%
13.65%
40.1%
Net Income, GAAP
51.47%
21.88%
15.2%
Sales/Revenue/Turnover
17.73%
12.59%
-5.44%
Total Cash Common Dividend
- -
56.18%
-13.52%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,842
1,845
1,799
1,728
7,214
2025
1,820
1,669
1,675
1,658
6,821
2026
1,807
2,063
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.42
0.33
0.3
0.21
1.27
2025
0.37
0.27
0.37
0.45
1.46
2026
0.43
0.45
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.45
- -
0.03
0.48
2025
0.02
0.4
- -
- -
0.42
2026
0.03
0.46
- -
- -
- -
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Business
Thai Plaspac Public Company Limited (TPAC.BK) manufactures and distributes rigid plastic packaging solutions for fast-moving consumer goods and pharmaceutical applications; offers recyclable mono-material packaging in PET/rPET, PP/rPP and HDPE/rHDPE formats including bottles, jars, closures and custom-molded components for condiments, spreads, oils, dairy, ice creams, specialty beverages, confectioneries, snacks, liquid/solid formulations, nasal drug delivery and intravenous solutions; provides secondary processes such as decoration, printing and assembly using injection molding, extrusion blow molding and PET molding technologies; serves food and beverage, pharmaceutical, personal care, homecare and industrial sectors. The company operates 17 production facilities across Thailand, India, United Arab Emirates, Malaysia and Philippines with approximately 3,000 employees; maintains headquarters in Bangkok, Thailand, where it was founded in 1983. Recent developments include the acquisition of the remaining 20% stake in subsidiary Combi-Pack Sdn Bhd in Malaysia for approximately THB 374 million, completed by December 31, 2024, achieving 100% ownership; procurement of a third manufacturing site and machines in UAE alongside expansions in India and Thailand during Q1 2025; and sustained focus on capacity utilization, cost optimization and new customer projects amid Q1 2025 revenue of THB 1,820 million, core EBITDA of THB 341 million and net debt-to-equity ratio of 0.99x.