Thantawan Industry PCL (BKK:THIP-R) Dividend Payout Ratio: 9.79 (As of Mar. 2026) — 2288% Above Median

What is Thantawan Industry PCL Dividend Payout Ratio?

Thantawan Industry PCL BKK:THIP-R 72 Dividend Payout Ratio is 9.79 as of Mar. 2026, which is 2288% above its 10-year median of 0.41. GuruFocus rates BKK:THIP-R with a GF Score™ of 72/100 and a GF Value™ of ฿36.74. The stock has 6 warning signs investors should review. Among 210 Packaging & Containers companies, Thantawan Industry PCL ranks worse than 95.24% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Thantawan Industry PCL's Dividend Payout Ratio for the months ended in Mar. 2026 was 9.79.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Thantawan Industry PCL is 1.54, which seems too high.

The historical rank and industry rank for Thantawan Industry PCL's Dividend Payout Ratio or its related term are showing as below:

During the past 13 years, the highest Dividend Payout Ratio of Thantawan Industry PCL was 1.54. The lowest was 0.26. And the median was 0.41.

BKK:THIP-R's Dividend Payout Ratio is not ranked ^*
in the Packaging & Containers industry.
Industry Median: 0.39
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2026-06-24), the Dividend Yield % of Thantawan Industry PCL is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Thantawan Industry PCL was 12.68%. The lowest was 0.00%. And the median was 5.03%.

Thantawan Industry PCL's Dividends per Share for the months ended in Mar. 2026 was ฿0.95.

During the past 12 months, Thantawan Industry PCL's average Dividends Per Share Growth Rate was 13.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -1.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Thantawan Industry PCL was 71.60% per year. The lowest was -30.90% per year. And the median was 26.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Thantawan Industry PCL (BKK:THIP-R) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Thantawan Industry PCL Dividend Payout Ratio Related Terms

Thantawan Industry PCL Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Thantawan Industry PCL's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thantawan Industry PCL Dividend Payout Ratio Chart

Thantawan Industry PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.27

0.49

0.59

0.69

0.66

Thantawan Industry PCL Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	1.10	3.20	0.00	9.79

BKK:THIP-R vs SW, PKG, AMCR: Dividend Payout Ratio Comparison

For the Packaging & Containers subindustry, Thantawan Industry PCL's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thantawan Industry PCL Dividend Payout Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Thantawan Industry PCL's Dividend Payout Ratio falls into.

Save Embed

72GF Score

Thantawan Industry PCL BKK:THIP-R

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Thantawan Industry PCL Dividend Payout Ratio Calculation

Thantawan Industry PCL's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.65	/	2.505
	=	0.66

Thantawan Industry PCL's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.95	/	0.097
	=	9.79

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 9.79 mean?

Thantawan Industry PCL (BKK:THIP-R) has a Dividend Payout Ratio of 9.79 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Thantawan Industry PCL and its competitors. This is 2288% above median its historical median of 0.41. Over the past decade, Thantawan Industry PCL's Dividend Payout Ratio has ranged from 0.26 to 1.54. According to the industry distribution chart, Thantawan Industry PCL ranks #200 out of 210 companies in the Packaging & Containers industry, placing it in the top 95.2%.

Is Thantawan Industry PCL's Dividend Payout Ratio too high?

Thantawan Industry PCL's current Dividend Payout Ratio of 9.79 is 2288% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.54. The Packaging & Containers industry median Dividend Payout Ratio is 0.39. Thantawan Industry PCL's value of 9.79 is 2410.3% above this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #200 out of 210 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.

How does Thantawan Industry PCL's Dividend Payout Ratio compare to SW and PKG?

According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #200 out of 210 companies for Dividend Payout Ratio. This places Thantawan Industry PCL in the lower half of its industry. The industry median Dividend Payout Ratio is 0.39. Thantawan Industry PCL's value of 9.79 is 2410.3% above this benchmark. Historically, Thantawan Industry PCL's own Dividend Payout Ratio has ranged from 0.26 to 1.54 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.39, Thantawan Industry PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Packaging & Containers company?

The median Dividend Payout Ratio among Packaging & Containers companies is 0.39, based on 210 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thantawan Industry PCL's current Dividend Payout Ratio of 9.79 is 2410.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current Dividend Payout Ratio is 9.79, which is 2288% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Thantawan Industry PCL stock overvalued right now?

Thantawan Industry PCL (BKK:THIP-R) has a current Dividend Payout Ratio of 9.79. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current Dividend Payout Ratio is 9.79, which is 2288% above median its 10-year median of 0.41 and 2410.3% above the Packaging & Containers industry median of 0.39. Thantawan Industry PCL's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Thantawan Industry PCL (BKK:THIP-R), the current Dividend Payout Ratio is 9.79 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued. The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.

Key valuation signals for BKK:THIP-R:

Dividend Payout Ratio: 9.79 (2288% above median its 10-year median of 0.41)
GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
GF Score™: 72/100 with 6 warning signs
Industry Position: 2410.3% above the Packaging & Containers median (#200 of 210)

No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Thantawan Industry PCL Business Description

Industry Consumer Cyclical Packaging & Containers

Comparable Companies BKK:AJ BKK:SFLEX BKK:CSC BKK:TPBI BKK:PJW BKK:UNIX BKK:SITHAI BKK:TPAC BKK:PDG BKK:TOPP SW PKG AMCR IP BALL AVY TSX:CCL.A CCK SZSE:002812 OHEL:STERV

Other Exchanges THIP:Thailand

Address Soi Kangwal 2, Phetkasem Road, 143-144, Moo 8, Omyai, Sampran, Nakornpathom, THA, 73160

Website https://www.thantawan.com

Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.

72GF Score

Get the complete analysis for BKK:THIP-R

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿23.00

Price

฿36.74

GF Value

View BKK:THIP-R Analysis

See Dividend Payout Ratio data for all stocks →