1. Thailand Stocks

  2. •

    Process industries

  3. •

    Containers/Packaging
TPBI PUBLIC COMPANY LIMITED

TPBI PUBLIC COMPANY LIMITED

3.62
THB
-0.02
(-0.55%)
0.56EPS
5.65P/E
1.28BMarket Cap
TPBI PUBLIC COMPANY LIMITED
SET:TPBI.R
(Stock Exchange of Thailand)

Recent

price

3.62

P/E

ratio

5.65

div

yld

0.00%

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
16.67
13.21
11.82
12.4
12.71
12.91
13.55
16.34
12.22
13.49
11.7
11.19
Revenue per Share
1.28
1.06
0.44
-0.52
-0.08
0.43
0.09
0.53
0.49
0.6
0.43
0.54
Basic EPS, GAAP
0.76
-0.01
-0.83
-2.09
0.42
0.4
-0.36
1.73
1.19
0.85
1.13
0.51
Free Cash Flow per Basic Share
0.7
0.58
0.6
0.4
- -
- -
0.25
- -
0.2
0.25
0.3
- -
Dividend per Share
3.49
6.55
6.38
5.46
5.31
5.79
5.68
6.14
6.48
6.78
6.91
7.09
Book Value per Share
3.45
6.51
6.34
4.76
4.64
5.11
4.97
5.49
5.8
6.17
6.28
6.42
Tangible Book Value per Share
286
371
400
401
417
417
417
417
417
417
417
417
Basic Weighted Avg Shares
4,769
4,897
4,729
4,980
5,299
5,382
5,647
6,812
5,094
5,625
4,877
4,663
Sales/Revenue/Turnover
10.09
10.06
4.45
-2.01
-1.06
4.81
1.77
4.54
5.4
7.19
5.38
6.71
Operating Margin (%)
128
147
185
242
306
348
329
306
261
235
220
215
Depreciation Expense
365
393
178
-209
-34
179
39
221
204
250
181
226
Net Income, GAAP
20.2
20.72
14.43
- -
- -
14.4
34.77
19.26
18.17
16.96
23.61
20.65
Effective Tax Rate (%)
7.65
8.03
3.76
-4.2
-0.64
3.33
0.69
3.24
4
4.44
3.71
4.84
Profit Margin (%)
391
1,430
947
229
34
143
274
519
717
962
1,148
1,115
Working Capital
121
162
187
715
524
519
492
307
232
200
157
142
LT Debt
1,512
2,739
2,700
2,440
2,353
2,557
2,546
2,724
2,865
2,970
3,030
3,008
Total Equity
- -
14.47
5.64
- -
- -
5.17
1.29
5.9
5.98
8.96
5.76
6.94
Return on Invested Capital (%)
- -
15.02
5.24
- -
- -
5.37
1.84
6.38
6.34
8.34
5.46
6.5
Return on Capital (%)
- -
19.58
6.87
-8.66
-1.52
7.75
1.62
8.97
7.75
9.04
6.34
7.82
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
233
292
499
LT Borrowings
120
113
106
LT Finance Leases
37
38
37
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
417
417
417
Market Capitalization
1,217
1,351
1,276

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,929
2,019
2,365
Cash, Cash Equivalents & STI
367
407
435
Accounts Receivable, Net
697
729
755
Inventories
772
790
1,052
Total Current Liabilities
781
905
1,250
Payables & Accruals
545
601
740
ST Debt
233
292
499
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.26%
3.48%
2.02%
Free Cash Flow
1,222.15%
-159.49%
33.91%
Net Income, GAAP
-59.67%
75.55%
-27.6%
Sales/Revenue/Turnover
1%
-0.51%
-13.3%
Total Cash Common Dividend
- -
- -
19.96%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,348
1,447
1,476
1,354
5,625
2025
1,286
1,208
1,238
1,145
4,877
2026
1,089
1,191
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
0.17
0.1
0.13
0.6
2025
0.14
0.11
0.11
0.07
0.43
2026
0.12
0.24
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.25
2025
- -
- -
- -
- -
0.3
2026
- -
- -
- -
- -
- -
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Business
TPBI Public Company Limited, headquartered in Nakhon Pathom, Thailand, and founded in 1987 as Thai Plastic Bags Industries Co., Ltd., manufactures and distributes plastic packaging products and other packaging solutions serving retail, food, and consumer markets globally. The company operates through segments including manufacturing and distribution of plastic packaging such as vest-carrier bags, reusable bags, HDPE/LLDPE food bags, garbage bags, fashion shopping bags, zipper bags, and drawstring trash bags; flexible packaging encompassing multilayer blown films, lamination films, barrier films, stretch hood films, shrink films, mulch films, and flexible pouches for frozen, ready-to-eat, and hygiene products; paper packaging comprising paper cups, paper bowls, paper bags, and bioplastic-coated items; plastic beads and recycled resin compounds; and trading in jute bags, woven bags, and biodegradable products. TPBI maintains production facilities and subsidiaries in Thailand, the United Kingdom via TPBI UK (formerly Intelipac Paper Manufacturing) and TPBI Paper (formerly Intelipac), Australia through TPBI Australia (formerly ITPA), Myanmar via TPBI & Myanmar Star Company Limited, and partnerships including T.A.K. Packaging for food-grade flexible packaging, TMP Packaging for paper products, TGRT for post-consumer plastic resin recycling, Minima Thailand for bioplastics, Thongtian Plastic for recycled beads, and Thongsin Enterprise for export bags. Recent developments encompass the acquisition of full ownership in UK-based Intelipac Paper Manufacturing Ltd. and Intelipac Ltd. along with associated Australian operations, increasing registered capital to THB 416.88 million for private placement and international expansion, installation of digital print-on-demand capabilities, full business transfer of Thai German Recycling Technology in 2019, establishment of recycling initiatives like PCR HDPE compounds and compostable products meeting EN13432 standards, and recognition with the Highly Commended Supply Chain Management Award at SET Awards 2025 for its circular economy model.