Risk factor
Very poor trading liquidity
Profitability factor
Very low or no dividends
About
Thai Nam Plastic Public Company Limited specializes in the creation and supply of semi-processed plastic goods, artificial leathers, and sheet materials, primarily serving the Thai market while also engaging in exports. Its diverse portfolio features products such as PVC/PP foam sheeting, TPO, TPU, PVC/ABS films, PU/semi-PU leathers, and rigid PVC sheets. Beyond manufacturing, the company provides value-added services like sheet cutting and foam lamination. These versatile materials find extensive application across numerous sectors, including the automotive industry, sporting goods and footwear, furniture production, leather fashion, household items, civil engineering, and agriculture, as well as in specialized uses like credit cards and marine products. Established in 1970, the firm's operations are based out of its headquarters in Samut Sakhon, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is overvalued relative to its peers. In particular, the stock is 'expensive' on EV/EBITDA, overvalued on P/FC.