1. Thailand Stocks

  2. •

    Consumer Cyclical

  3. •

    Packaging & Containers
Thai Packaging & Printing Public Company Limited

Thai Packaging & Printing Public Company Limited

TPP.BK
Thai Packaging & Printing Public Company LimitedTH flagStock Exchange of Thailand
12.60
THB
+0.10
- -
472.50MMarket Cap
Thai Packaging & Printing Public Company Limited
TPP.BK
(Stock Exchange of Thailand)

Recent

price

12.60

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
9.43
9.15
11.01
8.88
7.8
7.12
7.17
6.54
8.05
8.72
6.37
6.41
7.1
5.69
6.51
7.21
7.3
Revenue per Share
0.79
-0.64
1.13
0.57
0.73
0.38
0.32
0.45
0.15
0.96
-0.1
0.78
0.8
0.32
0.63
1.31
1.66
Basic EPS, GAAP
-0.41
0.51
0.2
0.17
1.12
-0.04
-0.2
-0.31
-1.23
1.85
0.81
0.16
1.15
1.11
0.5
0.84
1.52
Free Cash Flow per Basic Share
- -
- -
- -
0.3
0.34
0.4
0.3
0.3
0.34
0.22
0.6
1.41
1
0.5
0.22
0.45
0.45
Dividend per Share
4.83
9.82
10.93
11.12
11.54
11.49
11.48
11.61
11.42
12.12
11.41
12.16
11.99
11.79
12.16
12.95
13.52
Book Value per Share
19.2
17.28
18.43
20.86
21.4
21.39
21.41
21.56
23.26
24.01
23.38
24.33
23.88
24.47
24.8
25.62
26.25
Tangible Book Value per Share
38
38
38
38
38
38
38
38
38
38
38
38
38
38
38
38
38
Basic Weighted Avg Shares
353
343
413
335
293
267
269
245
302
327
239
240
266
213
244
270
274
Sales/Revenue/Turnover
-1.3
-4.02
14.21
10.45
2.45
-2.75
-0.76
-1.53
3.07
12.6
2.21
6.33
12.65
7.28
15.07
20.87
21.14
Operating Margin (%)
17
13
13
13
14
14
16
16
16
14
15
16
14
13
13
12
12
Depreciation Expense
30
-24
42
22
27
14
12
17
6
36
-4
29
30
12
24
49
62
Net Income, GAAP
13.46
- -
24.62
21.97
20.05
19.28
24.77
11.47
35.02
20.94
- -
14.34
21.45
22.45
22.13
12.87
11
Effective Tax Rate (%)
8.36
-7.03
10.28
6.42
9.36
5.38
4.41
6.81
1.86
11.06
-1.61
12.13
11.22
5.62
9.67
18.17
22.69
Profit Margin (%)
194
154
200
193
209
258
243
253
254
284
258
399
387
373
388
420
430
Working Capital
4
6
14
9
5
3
1
3
2
3
4
5
3
1
1
4
4
LT Debt
722
650
693
790
805
803
804
809
873
901
880
916
899
923
935
965
989
Total Equity
-0.55
- -
6.31
3.56
0.71
-0.73
-0.19
-0.41
0.71
3.65
- -
1.43
2.86
1.31
3.07
5.13
5.29
Return on Invested Capital (%)
16.31
- -
10.31
5.25
6.51
3.46
2.81
3.88
1.32
8.15
- -
6.56
6.54
2.69
5.26
10.37
12.73
Return on Capital (%)
17.76
-8.79
10.9
5.19
6.42
3.32
2.75
3.86
1.3
8.19
-0.87
6.59
6.6
2.69
5.26
10.43
12.79
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3
3
3
LT Borrowings
- -
- -
- -
LT Finance Leases
5
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
38
38
Market Capitalization
416
409
394

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
453
459
482
Cash, Cash Equivalents & STI
345
345
364
Accounts Receivable, Net
68
78
69
Inventories
28
23
29
Total Current Liabilities
46
40
52
Payables & Accruals
38
32
44
ST Debt
3
3
3
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.9%
1.89%
3.28%
Free Cash Flow
102.7%
105.27%
67.83%
Net Income, GAAP
-31.92%
-141.96%
108.04%
Sales/Revenue/Turnover
1.3%
3.33%
10.74%
Total Cash Common Dividend
- -
20.86%
104.54%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
56
61
61
65
244
2025
70
58
66
76
270
2026
73
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.18
0.35
- -
0.63
2025
0.22
0.17
0.51
- -
1.31
2026
0.56
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.22
2025
- -
0.45
- -
- -
0.45
2026
- -
- -
- -
- -
- -
Similar Companies
China International Marine Containers (Group) Co., Ltd. (000039.SZ)
Master Print Tbk. (PTMR.JK)
Metsä Board Oyj (METSA.HE)
Mayr-Melnhof Karton AG (MYM.F)
Rengo Co., Ltd. (3941.T)
Ishizuka Glass Co., Ltd. (5204.T)
Business
Thai Packaging & Printing Public Company Limited (TPP.BK) manufactures and distributes corrugated boxes and offset-printed white paper packaging products in Thailand; its core offerings include industrial packaging, prepress, press, and post-press services, as well as specific items such as food grade packaging, leaflet brochures and magazines, cup sleeves, corrugated master cartons, offset printing corrugated folding boxes, and offset printing folding boxes for sectors including automotive, electric, medical appliances, food and beverage, housewares, fast-moving consumer goods, toys, and miscellaneous industries. Founded in 1983 and headquartered in Samut Prakan at 9/9 Moo 6 King Kaew Road, Bang Phli, the company operates primarily in Thailand with approximately 343 employees and annual production capacity of 15,000 tons; through its subsidiary TPP International Company Limited, it also provides air cargo service agency and invests in non-listed companies. In recent developments, TPP reported strong financial performance for the first nine months of 2025, with revenue increasing to THB 199.31 million and net income rising to THB 33.5 million, alongside approval of a dividend for the year 2024 payable on May 7, 2025.