Thai Plaspac

SET:TPAC · TH0877010007

Containers & PackagingSmall

360

Medium confidence — indicative

Value68

Profit price70

EV / EBIT67

Price / Owner Earnings72

Cash yield41

Owner Earnings Yield81

Dividend Yield1

Sales & asset price68

Price/Sales75

EV / Gross Profit64

Price/Book64

Quality72

Returns on capital87

Return on Capital82

Cash Return on Capital85

Return on Equity94

Profit margins72

EBIT Margin75

Gross Profitability69

Cash backing64

Cash Conversion52

Accruals66

Owner Earnings Margin73

Growth69

Sales growth51

Profit growth77

Profit Growth63

Long-Term EPS Growth87

Owner Earnings Growth81

Reinvestment85

Price momentum65

Safety41

Debt load25

Debt serviceability56

Refinancing71

Debt Payback40

Liquidity52

Sentiment49

Analyst ratings—

Expectations trend—

Market mood7

Value Creation18/20strong value creator

Creates more value than its capital costs
Owner earnings growing
Owner earnings per share growing
Reinvests at strong returns
Solid earnings base

What this means

Thai Plaspac generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryThailand

IndustryContainers & Packaging

SizeSmall

TypePublic Company

ExchangeSET

Founded1983

Employees36

Websitetpacpackaging.com

ISINTH0877010007

Last UpdateApr 2, 2026

Indices

SET (Thailand)

Themes

Packaging Services

Description

Thai Plaspac Public Company Limited designs, manufactures, and distributes rigid plastic packaging products. Business Strategy The company's business strategy is anchored on core principles of quality, innovation, and customer centric solutions. A…

Analysis

Hidden champion

Thai Plaspac Public Company Limited fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns.

On valuation, the picture is attractive. The owner-earnings multiple stands at 4.6×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -14% a year, against analyst forecasts of 12%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 18/20 on our value-creation score: strong value creator.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250

2026

All-time high

Mar 2026

All-time low

Jun 2026

Average rank

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023

Price/Sales

—

Price/Earnings

—

Price/Book

—

Dividend Yield

—

Value (overall)

—

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View

1 · Watch OutGood· 100

Value

1 · ExpensiveGood Value· 100

Quality

1 · Weak FundamentalsHigh Quality· 100

Growth

1 · Tough TimesHigh Growth· 100

Safety

1 · High LeverageWell-Financed· 100

Sentiment

1 · SkepticismPositive· 100

Learn More →