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  2. •

    Industrials

  3. •

    Manufacturing - Textiles
Union Pioneer Public Company Limited

Union Pioneer Public Company Limited

UPF.BK
Union Pioneer Public Company LimitedTH flagStock Exchange of Thailand
21.00
THB
- -
- -
157.50MMarket Cap
Union Pioneer Public Company Limited
UPF.BK
(Stock Exchange of Thailand)

Recent

price

21.00

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
115.03
104.79
93.82
88.5
80.54
77.12
78.87
79.47
74.85
73.86
90.66
80.63
86.21
72.92
75.04
68.35
66.85
Revenue per Share
5.94
4.24
5.23
2.97
3.35
4.91
7.11
4
2.42
0.14
8.91
4.71
2.88
0.87
1.23
-2.04
-1.16
Basic EPS, GAAP
-3.64
0.93
12.01
11.35
4.53
9.25
8.67
-1.33
3.32
3.21
7.77
0.58
10.32
6.29
-8.58
6.25
6.47
Free Cash Flow per Basic Share
15
5.7
4
5
2.8
3.35
4.9
7.09
4.01
2.43
0.13
8.89
4.71
2.85
0.86
1.2
1.24
Dividend per Share
45.47
41.49
44.05
42.02
42.57
44.02
46.28
43.14
42.24
39.71
47.31
43.07
41.85
40.12
40.46
36.37
37.84
Book Value per Share
49.52
48.06
50.62
48.6
49.16
50.54
52.83
49.71
48.84
46.32
53.88
49.64
48.41
46.67
46.97
42.93
44.6
Tangible Book Value per Share
8
8
8
8
8
8
7
8
7
7
7
8
7
7
8
7
7
Basic Weighted Avg Shares
863
786
704
664
604
579
591
596
560
550
680
605
646
547
563
512
486
Sales/Revenue/Turnover
1.22
6.36
7.27
4.57
4.81
7.98
11.15
5.89
3.72
-0.26
12
7.29
4.28
1.48
1.94
-3.56
-2.17
Operating Margin (%)
36
40
39
38
36
33
28
27
24
23
26
27
24
23
23
21
21
Depreciation Expense
45
32
39
22
25
37
53
30
18
1
67
35
22
7
9
-15
-8
Net Income, GAAP
22.52
32.74
21.4
24.91
13.49
20.26
19.14
14.49
12.99
- -
17.48
17.72
17.59
12.63
11.14
- -
18.78
Effective Tax Rate (%)
5.16
4.04
5.57
3.35
4.16
6.37
9.01
5.03
3.23
0.19
9.83
5.84
3.34
1.19
1.64
-2.98
-1.73
Profit Margin (%)
278
276
297
288
304
322
333
319
310
296
365
338
332
309
304
282
289
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
24
30
27
25
22
40
39
LT Debt
372
361
380
365
369
380
396
373
366
345
404
373
363
350
353
322
325
Total Equity
1.94
8.25
10.03
6.08
6.81
9.73
13.51
7.72
4.89
- -
17.24
8.61
5.7
1.84
2.57
- -
- -
Return on Invested Capital (%)
11.92
9.17
11.49
7.05
8.09
11.35
15.74
8.95
5.66
- -
20.02
9.94
6.59
2.36
3.21
- -
-1.62
Return on Capital (%)
12.15
9.74
12.22
6.89
7.93
11.35
15.74
8.95
5.66
0.34
20.54
10.43
6.78
2.12
3.05
-5.31
-2.93
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
41
40
39
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
193
167
151

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
337
335
344
Cash, Cash Equivalents & STI
115
91
98
Accounts Receivable, Net
104
108
109
Inventories
112
131
129
Total Current Liabilities
52
53
56
Payables & Accruals
49
46
51
ST Debt
3
3
3
Deferred Revenue
- -
4
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.4%
-4.38%
-8.83%
Free Cash Flow
80.6%
227.22%
-172.71%
Net Income, GAAP
579.62%
-75.97%
-265.58%
Sales/Revenue/Turnover
-0.69%
-5.12%
-9.07%
Total Cash Common Dividend
654.24%
1,325.86%
39.53%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
139
127
151
146
563
2025
150
123
121
118
512
2026
124
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.79
0.27
-0.02
- -
1.23
2025
-0.54
-1.1
-0.01
- -
-2.04
2026
0.37
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.87
- -
- -
0.86
2025
- -
1.2
- -
- -
1.2
2026
- -
- -
- -
- -
- -
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Business
Union Pioneer Public Company Limited, a subsidiary of Saha-Union Public Company Limited, manufactures and distributes finished elastic products from natural rubber latex and synthetic polyisoprene rubber under the Venus brand and through contract manufacturing; core offerings include rubber threads, tapes, elastic braids, webbing, and crochet for apparel such as underwear, diapers, swimwear, pants trim, waistbands, shower caps, and straps; covering yarn; medical devices comprising Esmarch bandages, tourniquets, non-sterile conforming bandages, and anti-slip rubber sheets; exercise and rehabilitation products such as multi-loop and exercise bands; plus rubber blocks and smoked sheets from latex. The company operates production facilities in Bangchan Industrial Estate, Bangkok, with a warehouse in Trat Province, Thailand, and markets products domestically in Thailand, the United States, and internationally across textile, hygiene, medical, and industrial sectors. Founded in 1973 and listed on the Stock Exchange of Thailand since 1978, it became a public company in 1994 and is headquartered at No. 1, Soi Serithai 62, Minburi, Bangkok. Certifications include ISO 9001, ISO 14001, ISO 13485, CE Mark, and Oeko-Tex Standard 100 Class 1, emphasizing quality, safety, and environmental standards. In 2024, the company reported full-year earnings, approved dividends payable May 2025, and held its 29th annual general meeting in April 2024, reflecting ongoing shareholder and operational continuity amid quarterly financial disclosures through 2025.