STP & I

SET:STPI · TH0566B10Z08

Metals & MiningSmall

360

Medium confidence — indicative

Value34

Profit price13

Cash yield33

Owner Earnings Yield65

Dividend Yield1

Sales & asset price34

Price/Sales26

EV / Gross Profit5

Price/Book70

Quality67

Returns on capital52

Return on Capital33

Cash Return on Capital76

Return on Equity46

Profit margins40

EBIT Margin53

Gross Profitability27

Cash backing86

Cash Conversion94

Accruals71

Owner Earnings Margin94

Growth60

Sales growth17

Profit growth35

Profit Growth4

Long-Term EPS Growth13

Owner Earnings Growth88

Reinvestment10

Price momentum75

Safety51

Debt load49

Debt serviceability55

Refinancing64

Debt Payback46

Liquidity16

Sentiment53

Analyst ratings—

Expectations trend—

Market mood89

Value Creation10/20creating some value

Creates more value than its capital costs
Owner earnings growing
Owner earnings per share growing
Reinvests at strong returns
Solid earnings base

What this means

STP & I clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand

IndustryMetals & Mining

SizeSmall

TypePublic Company

ExchangeSET

Founded1995

Employees90

Websitestpi.co.th

ISINTH0566B10Z08

Last UpdateApr 2, 2026

Indices

SET (Thailand)

Themes

Clean EnergyEnergy ManagementDisposal and RecyclingPackaging ServicesReal Estate

Description

STP&I Public Company Limited engages in the fabrication of steel works, and manufacture and sale of boilers and pressure vessels. The company has a diverse portfolio of subsidiaries involved in various sectors, including community automated gas stati…

Analysis

Quality compounder

STP&I Public Company Limited earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is expensive. The owner-earnings multiple stands at 25.2×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 10/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250

2026

All-time high

Mar 2026

All-time low

Jun 2026

Average rank

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023

Price/Sales

—

Price/Earnings

—

Price/Book

—

Dividend Yield

—

Value (overall)

—

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View

1 · Watch OutGood· 100

Value

1 · ExpensiveGood Value· 100

Quality

1 · Weak FundamentalsHigh Quality· 100

Growth

1 · Tough TimesHigh Growth· 100

Safety

1 · High LeverageWell-Financed· 100

Sentiment

1 · SkepticismPositive· 100

Learn More →