Polyplex (Thailand) Public Company Limited (PTL) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Polyplex (Thailand) Public Company Limited THB 9.18, price THB 14.50, upside -36.7%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Polyplex (Thailand) Public Company Limited manufactures and distributes polyester films, metalized films, extrusion-coated films, cast polypropylene films, silicone-coated films, blown films, holographic films, and PET resins in Thailand and internationally.
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Polyplex (Thailand) Public Company Limited manufactures and distributes polyester films, metalized films, extrusion-coated films, cast polypropylene films, silicone-coated films, blown films, holographic films, and PET resins in Thailand and internationally. The company offers Sarafil, a range of plastic films, including BOPET, a thick and thin polyester resin film; BOPP, a transparent biaxially oriented polypropylene resin film; CPP films, transparent cast polypropylene films; BLOWN PP for packaging and industrial applications; and sustainable films for carbon footprint reduction. It also provides Saracote, a range of silicone-coated films for use in pressure-sensitive adhesive applications as a carrier film for labels, tapes, roofing shingles, and peel-and-stick underlayments. In addition, the company offers Saralam, a range of extrusion-coated film products comprising BOPET thermal lamination films for brochures, catalogues, menu cards, mark sheets, maps, and other publicity material; metallized BOPET lamination films for UV offset printing and roof insulation applications; and BOPP thermal lamination films for use in textbook covers, brochures, leaflets, sweet boxes, cosmetics, shopping bags, and diaries. Further, it manufactures and distributes recycled plastic products and chips. Polyplex (Thailand) Public Company Limited was incorporated in 2002 and is headquartered in Bangkok, Thailand.
Stock analysis
Polyplex (Thailand) Public Company Limited (PTL) currently trades at 14.50 THB, while our model-based Fair Value estimate is 9.18 THB, implying the stock looks roughly 58.0% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 14.36 THB per share, and 3 of the 14 models we run sit above the 14.50 THB price.
Bear case: the Earnings-Based group reads lowest at 2.96 THB, and 11 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 6.20 THB (bear) to 12.14 THB (bull), the price of 14.50 THB sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Polyplex (Thailand) Public Company Limited reported revenue of 20.4B THB in FY2026 versus 21.5B THB in FY2022, a compound −1.4%/yr. Reported net income was −177M THB in FY2026.
Key figures
Market cap 13.1B THB (≈ $390M) · P/S ratio 0.64 · EPS (TTM) −0.2000 THB · Dividend yield 0.8% · Net margin −0.9% · Return on equity −0.5% · Return on assets (EBIT) 7.0% · Operating margin −0.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 88% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at −37%, PTL screens cheaper than that median.
Fair Value models
Bear 6.20 THBFair Value 9.18 THBBull 12.14 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.37/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−8.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
Start year 2021 (pandemic). Over 10 years: +5.2% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
21.7% (2021) → 1.9% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +12.3% a year for the price.
Compare Polyplex (Thailand) Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 712 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−37% · Below median
Profitability
Return on assets1% · Below median
Net margin (TTM)−1% · Bottom 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth−8% · Bottom 25%
Dividend yield (TTM)0.8% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/S (TTM)0.02× · Cheapest 25%
P/FCF0.5× · Cheaper than median
PEG2.46× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 21
PAST (return on equity)0· sector 23
HEALTH (low debt)99· sector 95
DIVIDEND (yield)17· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Polyplex (Thailand) Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/PTL
Frequently asked questions
Is Polyplex (Thailand) Public Company Limited (PTL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 9.18 THB versus a price of 14.50 THB, about −37% upside (overvalued).
What is the fair value of PTL?
Our model-based fair value for Polyplex (Thailand) Public Company Limited is 9.18 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 14.50 THB.
What is the quality score of PTL?
Polyplex (Thailand) Public Company Limited has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Polyplex (Thailand) Public Company Limited (PTL)?
Our model-based price target is the fair value of 9.18 THB (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 6.20 THB, optimistic scenario 12.14 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Polyplex (Thailand) Public Company Limited stock forecast for 2026?
Our models put fair value at 9.18 THB, about −37% upside versus a price of 14.50 THB (overvalued). Cautious scenario 6.20 THB, optimistic scenario 12.14 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Polyplex (Thailand) Public Company Limited (PTL)?
Polyplex (Thailand) Public Company Limited reported trailing-twelve-month revenue of about 20.4B THB (latest available figure, as of Sep 24, 2026).
Does Polyplex (Thailand) Public Company Limited pay a dividend?
Polyplex (Thailand) Public Company Limited currently shows a dividend yield of about 0.83% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Polyplex (Thailand) Public Company Limited (PTL)?
For today's price to be fair in a discounted-cash-flow model, Polyplex (Thailand) Public Company Limited would have to grow free cash flow by +13.7 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PTL use?
Our models discount Polyplex (Thailand) Public Company Limited at 11.6 %: a base by market capitalisation (small), damped by beta 0.08, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Polyplex (Thailand) Public Company Limited that is +13.7 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Polyplex (Thailand) Public Company Limited (PTL) delivered so far?
Over the past 5 years revenue at Polyplex (Thailand) Public Company Limited grew +6.1 % a year. The price currently implies +13.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Polyplex (Thailand) Public Company Limited (PTL) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Polyplex (Thailand) Public Company Limited (+13.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Polyplex (Thailand) Public Company Limited (PTL)?
The free-cash-flow yield on the price is 5.45 %: that much free cash flow Polyplex (Thailand) Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Polyplex (Thailand) Public Company Limited (PTL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Polyplex (Thailand) Public Company Limited it is 9.18 THB per share (as of Sep 24, 2026), against a price of 14.50 THB. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Polyplex (Thailand) Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PTL trades above its calculated fair value: price 14.50 THB, fair value 9.18 THB, a gap of about −37% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PTL?
No. The price is what the market pays today (14.50 THB); the fair value is what the company's own numbers justify (9.18 THB). For Polyplex (Thailand) Public Company Limited the two are 5.32 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Polyplex (Thailand) Public Company Limited worth?
The market values Polyplex (Thailand) Public Company Limited at about 13.1B THB (market capitalisation, as of Sep 24, 2026). Per share that is 14.50 THB; our models calculate a fair value of 9.18 THB per share.
What do the bullish and bearish scenarios say about PTL?
Our models span a range for Polyplex (Thailand) Public Company Limited: cautious scenario 6.20 THB, base 9.18 THB, optimistic 12.14 THB per share (as of Sep 24, 2026, price 14.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of PTL?
The PEG ratio of Polyplex (Thailand) Public Company Limited is 2.46 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Polyplex (Thailand) Public Company Limited (PTL)?
Balance-sheet figures for Polyplex (Thailand) Public Company Limited (as of Sep 24, 2026): return on equity −0.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is PTL from its 52-week high?
Polyplex (Thailand) Public Company Limited trades at 14.50 THB, about 3% below its 52-week high of 14.90 THB and 88% above the low of 7.70 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 9.18 THB is for.
Which stocks are comparable to Polyplex (Thailand) Public Company Limited?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Polyplex (Thailand) Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 14.50 THB, calculated fair value 9.18 THB (−37%), Quality Score 50/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PTL calculated?
We run Polyplex (Thailand) Public Company Limited through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 9.18 THB, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Polyplex (Thailand) Public Company Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Polyplex (Thailand) Public Company Limited (PTL)?
The closing price on Sep 24, 2026 was 14.50 THB. Our model-based fair value is 9.18 THB, about −37% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Polyplex (Thailand) Public Company Limited right now?
The price sits above even our optimistic bull case (12.14 THB). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (6.20 THB to 12.14 THB) leaves room in how you read the outcome.
Key figures of Polyplex (Thailand) Public Company Limited
How large is the market capitalisation of Polyplex (Thailand) Public Company Limited (PTL)?
The market capitalisation of Polyplex (Thailand) Public Company Limited is 13.1B THB (≈ $390M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Polyplex (Thailand) Public Company Limited (PTL)?
The price-to-sales ratio of Polyplex (Thailand) Public Company Limited is 0.64 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Polyplex (Thailand) Public Company Limited (PTL)?
Earnings per share at Polyplex (Thailand) Public Company Limited are −0.2000 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Polyplex (Thailand) Public Company Limited (PTL)?
The dividend yield of Polyplex (Thailand) Public Company Limited is 0.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Polyplex (Thailand) Public Company Limited (PTL)?
The net margin of Polyplex (Thailand) Public Company Limited is −0.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Polyplex (Thailand) Public Company Limited (PTL)?
The return on equity (ROE) of Polyplex (Thailand) Public Company Limited is −0.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Polyplex (Thailand) Public Company Limited (PTL)?
On an EBIT basis the return on assets of Polyplex (Thailand) Public Company Limited is 7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Polyplex (Thailand) Public Company Limited (PTL)?
The operating margin of Polyplex (Thailand) Public Company Limited is −0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Polyplex (Thailand) Public Company Limited (PTL)?
Revenue at Polyplex (Thailand) Public Company Limited is growing −8.3% versus a year earlier (3y avg −8.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Polyplex (Thailand) Public Company Limited (PTL)?
Earnings per share at Polyplex (Thailand) Public Company Limited are growing −74.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Polyplex (Thailand) Public Company Limited (PTL) carry?
The net debt of Polyplex (Thailand) Public Company Limited is 1.2B THB (fiscal year 2026, ≈ 1.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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