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Thai Nam Plastic Public Company Limited (TNPC) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 310M THB (≈ $9.3M) · ISIN TH0287010Z03

What is Thai Nam Plastic Public Company Limited really worth?

TN Thai Nam Plastic Public Company Limited TNPC · BK
Price0.9300 THB
Fair Value0.7500 THB
Upside−19.4%
Quality46/100

Below-average quality, and trading another 24% above our fair value of 0.7500 THB.

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Risks

!Expensive Growth (revenue 5y +13.1 %/yr)
!Loss-making · -10.7% net margin
!Low debt · negative free cash flow
!Trails peers (2/9)
!Narrow moat 15/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 7 out of 100
!Weak on future: 25 out of 100
Evidence: Low Range 0.5600 THB – 1.12 THB

Fair value as of: Aug 20, 2026

From 1 valuation models · updated 13 days ago

Share price +1.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.5600 THB to 1.12 THB) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

3.90 THB 0.7500 THB Fair Value 0.7500 THB Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 0.7500 THB – 3.90 THB · fair‑value band 0.5600 THB – 1.12 THB · the 0.9300 THB price screens above the 0.7500 THB fair value. Dashed = 300-day average. As of Aug 20, 2026.

Full chart & analysis →

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Analysis

Thai Nam Plastic Public Company Limited (TNPC) currently trades at 0.9300 THB, while our model-based Fair Value estimate is 0.7500 THB, implying the stock looks roughly 24.0% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector. How firm this estimate is: it rests on 3 models at a data quality of 95/100, which puts the evidence level at low.

Over the trailing twelve months, Thai Nam Plastic Public Company Limited generated revenue of 1.4B THB at a net margin of −10.7%. Revenue grew 5.0% year over year. It earns a return on equity of −31.3%. Net debt stands at 364M THB. Fundamentals as of Aug 20, 2026

Our scenario range runs from 0.5600 THB (bear case) to 1.12 THB (bull case); at 0.9300 THB, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −44% fair-value upside, at −19%, TNPC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

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
Highest evidence
NCAV (Graham) best evidence 0.5800 THB 0.7700 THB 1.15 THB 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence 0.5800 THB 0.7700 THB 1.15 THB 54

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Key figures & financial health

P/S ratio 0.23 TTM
EPS (TTM) −0.4300 THB
Net margin −11.4% FY2025
Return on equity −31.3% TTM
Return on assets (EBIT) 0.5% avg 5y
Operating margin 1.0% TTM
More key figures
Growth
Revenue (TTM) 1.4B THB TTM
Revenue growth (YoY) +5.0% 3y avg −1.8%
EPS growth (YoY) +82.7%
Balance sheet & cash flow
Free cash flow −24.0M THB FY2025
Net debt 364M THB FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 43 · Market factors (momentum, volatility) 59

Profitability 23
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Thai Nam Plastic Public Company Limited manufactures and distributes semi-finished plastic products, synthetic leathers, and films/sheets in Thailand and internationally. It operates through Manufacturing of Plastic Parts of Automobile Industry Group and Others segments.

Full company description

Thai Nam Plastic Public Company Limited manufactures and distributes semi-finished plastic products, synthetic leathers, and films/sheets in Thailand and internationally. It operates through Manufacturing of Plastic Parts of Automobile Industry Group and Others segments. The company offers artificial leather; automobile rubber flooring products; and various plastics products, including soft and rigid, rolls, and plates. Its products are used in various applications, such as automotive, sports shoes, furniture, fashionable leather, household, civil engineering, and agriculture industries, as well as credit cards, marine products, and other applications. The company was incorporated in 1970 and is headquartered in Samut Sakhon, Thailand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thai Nam Plastic Public Company Limited reported revenue of 1.3B THB in FY2025 versus 1.1B THB in FY2021, a compound +6.2%/yr. Reported net income was −153M THB in FY2025.

Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.3B THB
Latest YoY
−1.2%
Avg. revenue growth/yr (3Y) 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.
−1.8%
Avg. revenue growth/yr (5Y) 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.
+13.1%
Avg. revenue growth/yr (25Y) 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.
+0.3%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +6.2%/yr
FY21 1.1B THB
FY22 1.4B THB
FY23 1.6B THB
FY24 1.4B THB
FY25 1.3B THB
Net income
FY21 86.3M THB
FY22 −6.2M THB
FY23 30.0M THB
FY24 −136M THB
FY25 −153M THB

TNPC screens 24% overvalued. Compare with O'Reilly Automotive, Inc →

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Cite: Fair Value Calculator (2026). "Thai Nam Plastic Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/TNPC

Peer Group

Auto Parts · 652 stocks

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.

Quality Score 46 · Below median
Fair Value upside −19% · Below median
Return on assets −2% · Bottom 25%
Net margin (TTM) −11% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 5% · Above median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Auto Parts median · lower = cheaper

PEG 10.32× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE7 · sector 17
FUTURE25 · sector 21
PAST0 · sector 28
HEALTH98 · sector 95
DIVIDEND0 · sector 33

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

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AutoZone, Inc AZO $2,932 $2,287 −22%
Hyundai Mobis Co 012330 450,500 KRW 643,909 KRW +43%
Fuyao Glass Industry Group 600660 ¥57.67 ¥84.47 +46%
Samvardhana Motherson International Limited MOTHERSON ₹165.30 ₹80.63 −51%
Magna International Inc MGA $65.57 $68.17 +4%
Genuine Parts Company GPC $137.51 $58.07 −58%
Bosch Limited BOSCHLTD ₹48,700 ₹11,534 −76%
Ningbo Tuopu Group 601689 ¥50.30 ¥28.28 −44%
Bharat Forge Limited BHARATFORG ₹2,063 ₹393.20 −81%

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Frequently asked questions

Is Thai Nam Plastic Public Company Limited (TNPC) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 0.7500 THB versus a price of 0.9300 THB, about −19% upside (overvalued).
What is the fair value of TNPC?
Our model-based fair value for Thai Nam Plastic Public Company Limited is 0.7500 THB (as of Aug 20, 2026), built from audited fundamentals. The current price: 0.9300 THB.
What is the quality score of TNPC?
Thai Nam Plastic Public Company Limited has a Quality Score of 46/100. 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 revenue of Thai Nam Plastic Public Company Limited (TNPC)?
Thai Nam Plastic Public Company Limited reported trailing-twelve-month revenue of about 1.4B THB (latest available figure, as of Aug 20, 2026).
What is the net profit margin of TNPC?
The net profit margin of Thai Nam Plastic Public Company Limited is about −10.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
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