Risk factor
Weak & very vulnerable to price shocks
Profitability factor
Slightly undervalued vs peers
About
Eastern Polymer Group Public Company Limited (EPG) is a diversified enterprise operating both in Thailand and across international markets through its various subsidiaries. The company specializes in four core areas: rubber insulation, automotive products, plastic packaging solutions, and research and development. EPG's manufacturing operations include the production of bed liners and covers for pickup trucks, along with a wide array of other automotive accessories. Beyond manufacturing, it engages in the import and export of industrial machinery and chemicals. The company also produces rubber compounds for diverse applications within the automotive, industrial equipment, and construction sectors. Furthermore, EPG is deeply involved in the assembly, distribution, and both injection and general molding of plastic components. Its activities extend to designing, manufacturing, and trading accessories for a broad spectrum of vehicles, including two-wheelers, 4WDs, light commercial, and heavy transportation vehicles, while also offering essential calibration services. Founded in 1978, the company was initially known as Eastern Polymer Industry Company Limited. It is headquartered in Mueang Samut Prakan, Thailand, and operates as a subsidiary of Vitoorapakorn Holding Co., Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EB