Risk factor
Very vulnerable to price shocks
Profitability factor
Decent dividends
About
SCG Packaging Public Company Limited (SCGP), founded in Bangkok, Thailand, in 1975, is a prominent player in the consumer packaging sector. The company boasts a significant international presence, with operations spanning Thailand, Indonesia, Vietnam, China, the Philippines, the United Kingdom, Spain, the Netherlands, and various other global regions. Its business activities are organized into three core divisions: 1. The Integrated Packaging segment delivers comprehensive packaging solutions, encompassing fiber-based products such as corrugated containers and retail display packaging. This division also produces a variety of packaging papers, including containerboard, coated duplex board, sack kraft, and plasterboard liner, catering to both industrial and consumer performance demands. 2. The Fibrous Business concentrates on the manufacturing of foodservice products and a wide range of pulp and paper goods. 3. Lastly, the Recycling Business and Others segment is dedicated to the recycling of packaging materials and strategic investment activities. SCGP operates as a subsidiary of The Siam Cement Public Company Limited.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITDA, r