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Thai O.P.P. Public Company Limited

Thai O.P.P. Public Company Limited

TOPP.BK
Thai O.P.P. Public Company LimitedTH flagStock Exchange of Thailand
138.00
THB
+6.50
- -
828.00MMarket Cap
Thai O.P.P. Public Company Limited
TOPP.BK
(Stock Exchange of Thailand)

Recent

price

138.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
168.68
179.61
181.5
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
278.13
Revenue per Share
13.86
13.05
14.84
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
18.71
Basic EPS, GAAP
3.12
10.21
-6.51
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
29.67
Free Cash Flow per Basic Share
3
3.8
3.8
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
4.91
Dividend per Share
107.01
117.02
128.06
140.13
151.9
163.53
177.1
191.67
202
217.2
233.52
242.31
252.51
267.4
280.12
293.92
293.92
Book Value per Share
112.78
122.51
133.47
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
292.32
Tangible Book Value per Share
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
Basic Weighted Avg Shares
1,012
1,078
1,089
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
1,669
Sales/Revenue/Turnover
6.93
4.26
8.11
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
6.85
Operating Margin (%)
55
55
59
68
76
85
87
89
98
100
115
111
96
91
93
94
94
Depreciation Expense
83
78
89
98
98
96
109
118
95
114
131
88
86
112
111
112
112
Net Income, GAAP
13.79
9.18
5.66
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
14.77
Effective Tax Rate (%)
8.22
7.27
8.18
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
6.73
Profit Margin (%)
336
340
358
353
436
502
613
565
678
762
867
965
932
960
1,073
1,125
1,125
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
96
88
74
97
114
96
96
LT Debt
681
741
807
879
950
1,024
1,105
1,183
1,244
1,330
1,424
1,488
1,545
1,625
1,693
1,754
1,754
Total Equity
9.29
5.9
10.84
10.98
8.49
7.72
8.86
8.97
6.19
8.57
9.16
5.46
5.08
6.1
5.87
5.27
5.27
Return on Invested Capital (%)
13.58
11.65
12.11
12.14
11.21
10.18
10.7
10.69
8.03
9.03
9.71
6.09
5.72
7.03
6.56
6.31
6.31
Return on Capital (%)
13.58
11.65
12.11
12.14
11.21
10.18
10.7
10.69
8.03
9.03
9.68
6.17
5.76
7.2
6.75
6.52
6.52
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
19
17
20
LT Borrowings
- -
- -
- -
LT Finance Leases
105
103
96
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
930
828
864

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
1,250
1,296
1,311
Cash, Cash Equivalents & STI
558
579
652
Accounts Receivable, Net
485
506
476
Inventories
188
201
170
Total Current Liabilities
171
198
186
Payables & Accruals
148
177
163
ST Debt
19
17
20
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
375
393
401
385
1,553
2024
403
408
438
435
1,685
2025
421
412
441
395
1,669

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3.54
5.4
5.44
- -
18.71
2024
5.72
4.21
4.03
- -
18.48
2025
5.61
2.86
5.94
- -
18.71

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
3.82
- -
- -
3.82
2024
- -
6.68
- -
- -
6.68
2025
- -
4.91
- -
- -
4.91
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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.