Obermatt

Polyplex Thailand

SET:PTL · TH0815010002
Containers & PackagingMedium

360

41
Medium confidence — indicative
EV / EBIT97
Price / Owner Earnings10
Owner Earnings Yield37
Dividend Yield1
Price/Sales85
EV / Gross Profit42
Price/Book97
Return on Capital18
Cash Return on Capital33
Return on Equity14
EBIT Margin15
Gross Profitability11
Accruals64
Owner Earnings Margin33
Sales growth32
Profit Growth8
Long-Term EPS Growth6
Reinvestment66
Price momentum44
Debt load67
Refinancing90
Debt Payback52
Liquidity27
Analyst ratings
Expectations trend
Market mood63
Value Creation8/20creating 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

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

Profile

CountryIndia
IndustryContainers & Packaging
SizeMedium
TypePublic Company
ExchangeSET
Founded2002
ISINTH0815010002
Last UpdateApr 2, 2026
Themes
Disposal and RecyclingPackaging ServicesBio-based and Renewable MaterialsGreen Consumer Goods

Description

Polyplex (Thailand) Public Company Limited engages in the manufacture and distribution of a diverse range of plastic films and resins that includes polyester films, metallised films, extrusion coated films, and cast polypropylene films, among others.…

Analysis

Weak and unloved

Polyplex (Thailand) Public Company Limited scores below average on quality and is priced accordingly, a low-conviction position in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 23.6×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is sturdy. The company scores 8/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
45
2026

All-time high

69

Mar 2026

All-time low

45

Jun 2026

Average rank

57

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
85
Price/Earnings
Price/Book
97
Dividend Yield
1
Value (overall)
66

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 →