Obermatt

Thantawan Industry

SET:THIP · TH0449010Z09
Containers & PackagingSmall

360

26
Medium confidence — indicative
Profit price1
Owner Earnings Yield25
Dividend Yield1
Price/Sales69
EV / Gross Profit84
Price/Book70
Return on Capital46
Cash Return on Capital25
Return on Equity40
EBIT Margin21
Gross Profitability61
Cash Conversion36
Accruals19
Owner Earnings Margin23
Sales growth18
Profit Growth14
Long-Term EPS Growth10
Owner Earnings Growth13
Reinvestment64
Price momentum27
Debt load64
Refinancing77
Debt Payback100
Liquidity56
Analyst ratings
Expectations trend
Market mood7
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

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

Profile

CountryThailand
IndustryContainers & Packaging
SizeSmall
TypePublic Company
ExchangeSET
Founded1994
Employees47
ISINTH0449010Z09
Last UpdateApr 2, 2026
Themes
Bio-based and Renewable MaterialsPackaging ServicesGreen Consumer GoodsFast-Moving Consumer Goods

Description

Thantawan Industry Public Company Limited is primarily engaged in the manufacture and sales of plastic products, specifically drinking straws and general plastic bags, alongside other items such as zipper tape and resin scrap. Business Strategy The…

Analysis

Weak and unloved

Thantawan Industry Public Company Limited is weak and unloved: below-average business metrics and a price that reflects that disappointment.

The price is expensive. You pay 237.9× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is tepid and the balance sheet is sturdy. The company scores 8/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
13
2026

All-time high

56

Mar 2026

All-time low

13

Jun 2026

Average rank

35

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
69
Price/Earnings
46
Price/Book
70
Dividend Yield
1
Value (overall)
41

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 →