Thai Poly Acrylic Public Company Limited (TPA) Fair Value & Analysis

Basic Materials · TH · Market cap 328M THB (≈ $9.9M) · ISIN TH0457010Z02

A solid business, but trading 73% above our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters now

• The price sits above even our optimistic bull case (1.68 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 (54/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.

How to read this chart

60‑month range 1.95 THB – 6.23 THB · fair‑value band 1.46 THB – 1.68 THB · the 2.70 THB price screens above the 1.56 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 25, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Thai Poly Acrylic Public Company Limited (TPA) currently trades at 2.70 THB, while our model-based Fair Value estimate is 1.56 THB, implying the stock looks roughly 42.2% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Thai Poly Acrylic Public Company Limited generated revenue of 565M THB at a net margin of -1.3%. Revenue declined 36.1% year over year. It earns a return on equity of -2.1%. The balance sheet holds a net cash position of 66.8M THB. Fundamentals as of Aug 25, 2026

Our scenario range runs from 1.46 THB (bear case) to 1.68 THB (bull case); at 2.70 THB, the current price sits above 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 18% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -42%, TPA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Widest divergence: Asset-Based (1.95 THB) versus DCF Models (0.7900 THB). Highest evidence: EV/EBITDA (54).

Key figures & financial health

Quality Score breakdown

About the company

Thai Poly Acrylic Public Company Limited manufactures and distributes acrylic sheets and acrylonitrile butadiene styrene, high impact polystyrene sheets, and other extruded plastic sheets in Thailand and internationally.

Full company description

Thai Poly Acrylic Public Company Limited manufactures and distributes acrylic sheets and acrylonitrile butadiene styrene, high impact polystyrene sheets, and other extruded plastic sheets in Thailand and internationally. The company provides range of cast acrylic sheets, which includes general purpose, LED block, magic colors, micarle-1, light guide panel, diffusion, sanitary ware, and texture. It also offers heat block, UV block, and heat and UV block series products. In addition, it serves architecture and construction, lighting, home appliance and fridge, packaging, automotive and transportation, hygiene and safety, sanitary ware, trophies and premium, signage and advertisement, interior design and decoration, and retail display and POP applications. The company was incorporated in 1985 and is headquartered in Nakhon Pathom, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thai Poly Acrylic Public Company Limited reported revenue of 632M THB in FY2025 versus 894M THB in FY2021, a compound −8.3%/yr. Reported net income was −14.0M THB in FY2025.

TPA screens 42% overvalued. Compare with Linde plc →

Peer Group

Specialty Chemicals · 711 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.

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

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.

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).

Explore undervalued stocks

More undervalued Basic Materials stocks →

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

Discover tools

Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.