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Union Plastic Public Company (UP) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 595M THB

UP Union Plastic Public Company UP · BK
Price24.70 THB
Fair Value23.35 THB
Upside-5.5%
Quality60/100
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Mixed Growth
Solidly profitable · 10.4% net margin
Low debt · generates free cash flow
10.59% dividend yield
Ranks above peers (10/14)
Narrow moat 37/100
Evidence: High Range 17.11 THB – 28.77 THB Share as image

Fair value as of: Jul 16, 2026

From 21 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 37.41 THB to 23.35 THB (−37.6%) since Jun 24, 2026. Share price +4.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 17.11 THB (bear) to 28.77 THB (bull), base 23.35 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 60/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

24.75 THB 8.89 THB Fair Value 23.35 THB Feb 2018 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 8.89 THB – 24.75 THB · fair‑value band 17.11 THB – 28.77 THB · the 24.70 THB price screens above the 23.35 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Union Plastic Public Company (UP) currently trades at 24.70 THB, while our model-based Fair Value estimate is 23.35 THB, implying the stock looks roughly 5.5% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, Union Plastic Public Company generated revenue of 621M THB at a net margin of 10.4%. Revenue declined 3.7% year over year. It earns a return on equity of 9.6%. The balance sheet holds a net cash position of 109M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 17.11 THB (bear case) to 28.77 THB (bull case); at 24.70 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 1% below its 52-week high and 43% 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 -5%, UP 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 26.63 THB 32.83 THB 42.42 THB 80
Residual Income 20.83 THB 22.71 THB 26.76 THB 76
Rev-Margin DCF 26.29 THB 36.56 THB 49.16 THB 74
All 21 models by family
DCF Models
FCF DCF 25.94 THB 32.47 THB 43.43 THB 38
Owner Earnings 23.05 THB 28.71 THB 38.20 THB 31
5Y Revenue Exit 26.29 THB 35.99 THB 50.08 THB 39
5Y EBITDA Exit 15.29 THB 16.97 THB 19.19 THB 41
5Y P/E Exit 29.33 THB 41.25 THB 55.48 THB 38
10Y Revenue Exit 25.47 THB 32.17 THB 39.31 THB 36
10Y EBITDA Exit 19.89 THB 21.43 THB 22.77 THB 37
10Y P/E Exit 27.69 THB 35.14 THB 42.21 THB 35
Earnings-Based
Graham-Dodd 17.15 THB 20.96 THB 23.58 THB 54
Dividend Discount
Gordon GGM 15.38 THB 16.58 THB 18.37 THB 70
DDM Multi-Stage 15.38 THB 18.31 THB 22.09 THB 61
Multiples
P/E Multiple 32.16 THB 42.88 THB 53.60 THB 63
P/S Multiple 27.19 THB 36.25 THB 45.31 THB 58
P/B Multiple 32.16 THB 42.88 THB 53.60 THB 55
EV/EBITDA 7.39 THB 8.38 THB 9.37 THB 54
EV/Revenue 28.55 THB 38.88 THB 49.22 THB 43
Asset-Based
NCAV (Graham) 12.40 THB 16.62 THB 24.80 THB 50
Growth DCF
Growth DCF 26.63 THB 32.83 THB 42.42 THB 80
Rev-Margin DCF 26.29 THB 36.56 THB 49.16 THB 74
Economic Profit
Residual Income 20.83 THB 22.71 THB 26.76 THB 76
Growth Earnings
Growth-Adj P/E 22.91 THB 32.73 THB 42.55 THB 68

Widest divergence: Multiples (38.88 THB) versus Dividend Discount (16.58 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 621M THB
Revenue growth (YoY) -3.7%
Net margin 10.4%
Return on equity 9.6%
Free cash flow 66.3M THB FY2025
P/E ratio 9.2
More key figures
Operating margin -0.7%
EPS (TTM) 2.58 THB
Dividend yield 10.6%
EPS growth (YoY) +2.2%
Net cash 109M THB FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 63 · Market factors (momentum, volatility) 74

Profitability 42
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 83
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

Union Plastic Public Company Limited manufactures and sells thermoplastics primarily in Thailand. The company provides various plastic parts for automobiles, motorcycles, electrical appliances, household products, and vacuum bottles; and molds for automotive parts, motorcycle parts, electrical appliances, sanitary wares, and others.

Full company description

Union Plastic Public Company Limited manufactures and sells thermoplastics primarily in Thailand. The company provides various plastic parts for automobiles, motorcycles, electrical appliances, household products, and vacuum bottles; and molds for automotive parts, motorcycle parts, electrical appliances, sanitary wares, and others. It offers contract manufacture and repair of molds; and technical support services, including design assistance, material selection, and packaging concepts. Union Plastic Public Company Limited was founded in 1969 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Union Plastic Public Company reported revenue of 604M THB in FY2025 versus 541M THB in FY2021, a compound +2.8%/yr. Reported net income was 63.1M THB in FY2025, compounding +155.7%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
604M THB
Latest YoY
−3.0%
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.
+0.2%
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.
+4.4%
Avg. growth/yr (22Y) 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.
−1.7%
Revenue +2.8%/yr
FY21 541M THB
FY22 601M THB
FY23 658M THB
FY24 623M THB
FY25 604M THB
Net income +155.7%/yr
FY21 1.5M THB
FY22 28.0M THB
FY23 44.5M THB
FY24 50.1M THB
FY25 63.1M THB

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Cite: Fair Value Calculator (2026). "Union Plastic Public Company Fair Value". https://www.fairvalue-calculator.com/stock/UP

Peer Group

Auto Parts · 642 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 60 · Top 25%
Fair Value upside −5% · Above median
Return on equity (TTM) 10% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -4% · Below median
Dividend yield (TTM) 10.6% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 9.2× · Cheaper than 75% of peers
P/B 0.96× · Cheaper than median
P/S (TTM) 0.96× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 16.6× · Pricier than median

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 26 · sector 16
FUTURE 0 · sector 23
PAST 38 · sector 26
HEALTH 100 · sector 95
DIVIDEND 100 · sector 30

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Union Plastic Public Company (UP) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 23.35 THB versus a price of 24.70 THB, about −5% (fairly valued).
What is the fair value of UP?
Our model-based fair value for Union Plastic Public Company is 23.35 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 24.70 THB.
What is the quality score of UP?
Union Plastic Public Company has a Quality Score of 60/100. 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 Union Plastic Public Company (UP)?
Union Plastic Public Company reported trailing-twelve-month revenue of about 621M THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of UP?
The net profit margin of Union Plastic Public Company is about 10.4%, meaning it keeps roughly 10.4% of revenue as net income. Based on the latest reported figures.
Does Union Plastic Public Company pay a dividend?
Union Plastic Public Company currently shows a dividend yield of about 10.59% 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.

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