1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
United Palm Oil Industry Public Company Limited

United Palm Oil Industry Public Company Limited

UPOIC.BK
United Palm Oil Industry Public Company LimitedTH flagStock Exchange of Thailand
6.85
THB
+0.05
- -
2.22BMarket Cap
United Palm Oil Industry Public Company Limited
UPOIC.BK
(Stock Exchange of Thailand)

Recent

price

6.85

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
2.55
4.54
4.74
4.17
3.56
3.89
2.92
2.36
1.94
1.68
2.85
6.4
6.9
4.57
5.32
5.77
6.26
Revenue per Share
0.38
1.2
1.01
0.68
0.58
-0.04
0.22
-0.06
0.04
-0.01
0.39
0.95
0.98
0.63
0.5
0.68
0.81
Basic EPS, GAAP
0.57
1.14
0.85
-0.5
0.26
-0.23
0.56
-0.12
0.21
0.13
0.09
0.17
1.16
0.31
0.5
-0.11
- -
Free Cash Flow per Basic Share
0.4
0.75
1.1
0.5
0.55
0.15
0.1
0.15
0.1
0.08
0.02
0.2
0.5
0.45
0.3
0.33
- -
Dividend per Share
1.86
2.13
2.04
2.22
2.29
2.1
2.37
2.12
2.06
1.97
2.32
3.07
3.55
3.71
3.92
4.26
4.51
Book Value per Share
2.82
2.38
2.41
2.56
2.82
3.28
2.88
3.3
3.19
3.1
3.5
4.25
4.73
4.89
5.09
5.43
5.68
Tangible Book Value per Share
324
324
324
324
324
324
324
324
324
324
324
324
324
324
324
324
324
Basic Weighted Avg Shares
825
1,472
1,536
1,352
1,155
1,260
946
763
629
546
924
2,074
2,238
1,481
1,722
1,871
2,030
Sales/Revenue/Turnover
17.4
33.43
22.27
16.97
18.31
-2.27
11.8
-0.12
6.44
1.89
16.1
17.4
10.83
8.16
7.61
9.51
9.85
Operating Margin (%)
84
86
95
99
108
84
83
75
65
49
41
43
43
47
50
52
52
Depreciation Expense
123
388
328
221
188
-12
72
-18
14
-4
125
307
317
204
163
219
262
Net Income, GAAP
25.3
25.39
20.39
18.47
15.32
- -
22.13
- -
4.81
- -
20.43
12.99
18.11
13.98
18.4
17.85
17.88
Effective Tax Rate (%)
14.85
26.35
21.34
16.31
16.3
-0.95
7.63
-2.4
2.23
-0.65
13.54
14.79
14.18
13.74
9.45
11.7
12.9
Profit Margin (%)
141
314
299
92
36
-215
-80
-83
-67
-63
33
394
448
413
538
547
544
Working Capital
- -
- -
- -
200
75
- -
- -
- -
- -
- -
43
106
70
42
42
139
113
LT Debt
923
1,072
1,043
1,102
1,123
1,063
1,150
1,069
1,050
1,020
1,135
1,377
1,532
1,586
1,651
1,763
1,842
Total Equity
11.49
35.67
24.7
15.01
12.29
- -
5.74
- -
2.76
- -
8.65
20.16
11.8
6.02
6.16
8.04
8.42
Return on Invested Capital (%)
20.25
60.01
48.5
26.39
18.25
- -
6.9
- -
2.02
- -
13.38
26.74
24.82
15.55
12.31
15.59
17.16
Return on Capital (%)
20.25
60.01
48.5
31.93
25.76
-1.68
9.97
-2.52
2.07
-0.54
18
35.11
29.58
17.3
13.17
16.52
18.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
10
114
LT Borrowings
107
98
72
LT Finance Leases
41
41
41
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
324
324
324
Market Capitalization
2,106
2,123
2,317

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
580
608
783
Cash, Cash Equivalents & STI
140
79
78
Accounts Receivable, Net
52
7
134
Inventories
380
497
541
Total Current Liabilities
70
61
239
Payables & Accruals
65
49
90
ST Debt
1
10
114
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.48%
9.39%
6.78%
Free Cash Flow
-25.99%
109.08%
-122.4%
Net Income, GAAP
-462.48%
25.45%
34.44%
Sales/Revenue/Turnover
11.77%
24.7%
8.61%
Total Cash Common Dividend
71.12%
163.31%
10.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
425
580
515
203
1,722
2025
350
654
518
349
1,871
2026
509
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
- -
0.19
- -
0.5
2025
0.11
0.09
0.2
- -
0.68
2026
0.24
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.3
2025
- -
- -
- -
- -
0.33
2026
- -
- -
- -
- -
- -
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Business
United Palm Oil Industry Public Company Limited (UPOIC.BK), together with its subsidiaries, manufactures and sells crude palm oil and crude palm kernel oil in Thailand. The company operates through two primary segments, Oil Palm Plantation, Crude Palm Oil and Crude Palm Kernel Oil Processing, and Generation of Electricity from Biogases and Biomasses; it produces and distributes crude palm kernel oil, palm kernel cakes, and palm kernel seeds, while holding concessions for forest reserve land usage and owning oil palm plantations in Krabi and Surat Thani provinces. Incorporated in 1978 and headquartered at No. 64, Soi Bangna-Trad 25, Bangna Nuea Sub-District, Bangkok, Thailand, the company serves domestic refineries and related industries within the farm products sector of consumer staples. United Palm Oil Industry Public Company Limited functions as a subsidiary of Lam Soon (Thailand) Public Company Limited, with related group entities including Lam Soon (Thailand) Public Company Limited, which operates a palm oil crushing mill and refinery, and Universal Food Public Company Limited (UFC), a fruit and vegetable processor. In recent developments, the company released its audited financial statements and annual report for the year ended December 31, 2024, in February 2025, alongside management discussion and analysis for Q1 2025 ending March 31 and Q2 2025 ending June 30; it also announced the appointment of a new Managing Director and Executive Director, Sanya Prasertsak, in 2024, and a Chief Financial Officer in April 2025, while electing to discontinue concession applications with the Forestry Department and not renew a forest reserve collection license in Surat Thani province, opting instead to procure external oil palm fruit bunches.