Risk factor
Poor trading liquidity
Profitability factor
Weak growth
About
Polyplex (Thailand) Public Company Limited, alongside its numerous subsidiaries, is actively engaged in the production and supply of a broad spectrum of films and related materials, including polyester-based films and chips, metallized films, extrusion-coated films, cast polypropylene films, silicone-coated films, and PET resins. The company's operations span both Thailand and international markets. Under its Sarafil brand, the company markets a diverse array of plastic films, such as BOPET, bi-oriented polypropylene, cast polypropylene, blown polypropylene, and sustainable film options. These products cater to various industries, including packaging, electrical, industrial, and pressure-sensitive applications. Its Saracote line specializes in silicone-coated films, primarily utilized for labels, various tapes, roofing shingles, and peel-and-stick underlayment materials. Furthermore, the Saralam series encompasses extrusion-coated film products, including reflective insulation, decorative lamination, and both thin and thick gauge polyester thermal lamination films, alongside thermal lamination films crafted from polypropylene, polyester, nylon, and UV polyester. These are widely applied in items like book covers, identification cards, carton lamination, and wide-format commercial films. Polyplex (Thailand) also engages in the manufacturing and distribution of recycled plastic goods. Established in 2002, the firm maintains its headquarters in Bangkok, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. In particular, the stock is of fair value on EV/EBITDA, overvalued