EN DE

Thai Plaspac Public Company (TPAC) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 2.8B THB

TP Thai Plaspac Public Company TPAC · BK
Price10.80 THB
Fair Value24.83 THB
Upside+129.9%
Quality59/100
Watch Thai Plaspac Public Company for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 7.2% net margin
Low debt · generates free cash flow
4.92% dividend yield
Ranks above peers (12/14)
Moderate moat 51/100
Evidence: High Range 18.62 THB – 31.04 THB Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Share price +22.0% over the past month.

A solid business, screening 130% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (18.62 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

17.44 THB 6.36 THB Fair Value 24.83 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 6.36 THB – 17.44 THB · fair‑value band 18.62 THB – 31.04 THB · the 10.80 THB price screens below the 24.83 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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

Analysis

Thai Plaspac Public Company (TPAC) currently trades at 10.80 THB, while our model-based Fair Value estimate is 24.83 THB, implying the stock looks roughly 129.9% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Thai Plaspac Public Company generated revenue of 6.9B THB at a net margin of 7.2%. Revenue declined 0.8% year over year. It earns a return on equity of 16.7%. Net debt stands at 2.8B THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 18.62 THB (bear case) to 31.04 THB (bull case); at 10.80 THB, the current price sits below 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 near its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at 130%, TPAC 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.

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
Growth DCF 22.78 THB 39.36 THB 65.65 THB 80
Residual Income 9.30 THB 12.28 THB 35.94 THB 76
Rev-Margin DCF 19.79 THB 34.69 THB 53.64 THB 74
All 26 models by family
DCF Models
FCF DCF 22.94 THB 41.02 THB 70.70 THB 38
Owner Earnings 19.39 THB 34.88 THB 60.30 THB 31
5Y Revenue Exit 19.79 THB 34.95 THB 55.24 THB 39
5Y EBITDA Exit 24.12 THB 43.74 THB 68.07 THB 41
5Y P/E Exit 17.83 THB 30.95 THB 45.62 THB 38
10Y Revenue Exit 20.01 THB 34.48 THB 56.06 THB 36
10Y EBITDA Exit 23.45 THB 40.73 THB 66.41 THB 37
10Y P/E Exit 19.40 THB 31.64 THB 48.29 THB 35
Earnings-Based
Graham-Dodd 9.93 THB 43.88 THB 60.07 THB 54
Lynch FV 11.36 THB 16.23 THB 21.10 THB 50
PEG = 1.0 11.36 THB 16.23 THB 21.10 THB 46
EPV 15.67 THB 18.43 THB 20.81 THB 59
Dividend Discount
Gordon GGM 3.68 THB 7.33 THB 11.10 THB 70
DDM Multi-Stage 3.68 THB 6.33 THB 7.74 THB 61
Multiples
P/E Multiple 18.62 THB 24.83 THB 31.04 THB 63
P/S Multiple 18.62 THB 24.83 THB 31.04 THB 58
P/B Multiple 18.62 THB 24.83 THB 31.04 THB 55
EV/EBIT 21.74 THB 29.59 THB 37.44 THB 53
EV/EBITDA 27.19 THB 36.86 THB 46.53 THB 54
EV/Revenue 18.60 THB 27.35 THB 36.10 THB 43
Asset-Based
NCAV (Graham) 4.44 THB 5.95 THB 8.89 THB 50
Growth DCF
Growth DCF 22.78 THB 39.36 THB 65.65 THB 80
Rev-Margin DCF 19.79 THB 34.69 THB 53.64 THB 74
Economic Profit
Residual Income 9.30 THB 12.28 THB 35.94 THB 76
ROIC Compounder 17.69 THB 24.03 THB 32.21 THB 72
Growth Earnings
Growth-Adj P/E 16.68 THB 23.83 THB 30.97 THB 68

Widest divergence: DCF Models (34.88 THB) versus Asset-Based (5.95 THB). Highest evidence: Growth DCF (80).

Notify me when TPAC reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 6.9B THB
Revenue growth (YoY) -0.8%
Net margin 7.2%
Return on equity 16.7%
Free cash flow 673M THB FY2025
P/E ratio 5.7
More key figures
Operating margin 10.7%
EPS (TTM) 1.52 THB
Dividend yield 4.9%
EPS growth (YoY) +16.2%
Net debt 2.8B THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 82

Profitability 51
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 95
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.

About the company

Thai Plaspac Public Company Limited, together with its subsidiaries, manufactures and distributes plastic packaging products in Thailand and internationally. The company offers injection, extrusion blow, and pet moulding, as well as in-mould labelling, and combi cup.

Full company description

Thai Plaspac Public Company Limited, together with its subsidiaries, manufactures and distributes plastic packaging products in Thailand and internationally. The company offers injection, extrusion blow, and pet moulding, as well as in-mould labelling, and combi cup. The company serves food, beverage, pharmaceutical, personal care, homecare, and industrial sectors. Thai Plaspac Public Company Limited was incorporated in 1983 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thai Plaspac Public Company reported revenue of 6.8B THB in FY2025 versus 5.2B THB in FY2021, a compound +7.1%/yr. Reported net income was 477M THB in FY2025, compounding +32.9%/yr from FY2021.

Growth Quality 83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
6.8B THB
Latest YoY
−5.4%
Avg. 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.
−0.8%
Avg. 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.
+11.4%
Avg. growth/yr (19Y) 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.
+12.8%
Revenue +7.1%/yr
FY21 5.2B THB
FY22 7.0B THB
FY23 6.8B THB
FY24 7.2B THB
FY25 6.8B THB
Net income +32.9%/yr
FY21 153M THB
FY22 319M THB
FY23 490M THB
FY24 414M THB
FY25 477M THB
Character of growth · EPS growth decomposed (2014-2025) +13.6 % p.a.
Revenue per share +13.0 pp

of which total revenue +17.8 pp · buybacks/dilution −4.7 pp

EBIT margin +3.7 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −3.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch TPAC: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Thai Plaspac Public Company Fair Value". https://www.fairvalue-calculator.com/stock/TPAC

Peer Group

Packaging & Containers · 272 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 59 · Above median
Fair Value upside +130% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 11% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.31× · Higher than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 5.7× · Cheaper than 75% of peers
P/B 0.97× · Cheaper than median
P/S (TTM) 0.41× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 2.7× · Cheaper than 75% of peers

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 100 · sector 9
FUTURE 0 · sector 1
PAST 67 · sector 21
HEALTH 85 · sector 92
DIVIDEND 98 · sector 42

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

Compare Thai Plaspac Public Company with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Thai Plaspac Public Company (TPAC) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 24.83 THB versus a price of 10.80 THB, about +130% (undervalued).
What is the fair value of TPAC?
Our model-based fair value for Thai Plaspac Public Company is 24.83 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 10.80 THB.
What is the quality score of TPAC?
Thai Plaspac Public Company has a Quality Score of 59/100. 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 Plaspac Public Company (TPAC)?
Thai Plaspac Public Company reported trailing-twelve-month revenue of about 6.9B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of TPAC?
The net profit margin of Thai Plaspac Public Company is about 7.2%, meaning it keeps roughly 7.2% of revenue as net income. Based on the latest reported figures.
Does Thai Plaspac Public Company pay a dividend?
Thai Plaspac Public Company currently shows a dividend yield of about 5.12% relative to its recent price (as of Jul 16, 2026).

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.

14 days Pro free · no card

Track Thai Plaspac Public Company and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.