Union Plastic PCL (BKK:UP) Dividend Payout Ratio: 2.28 (As of Mar. 2026) — 54% Below Median

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Union Plastic PCL BKK:UP

66 GF Score

Price ฿23.60

GF Value ฿16.77

Valuation Significantly Overvalued

4 Warning Signs

View Full Analysis

What is Union Plastic PCL Dividend Payout Ratio?

Union Plastic PCL BKK:UP 66 Dividend Payout Ratio is 2.28 as of Mar. 2026, which is 54% below its 10-year median of 4.97. GuruFocus rates BKK:UP with a GF Score™ of 66/100 and a GF Value™ of ฿16.77 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 776 Vehicles & Parts companies, Union Plastic PCL ranks worse than 98.32% 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. Union Plastic PCL's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.28.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Union Plastic PCL is 2.77, which seems too high.

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

BKK:UP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 2.77 Med: 4.97 Max: 7.36
Current: 2.77

During the past 13 years, the highest Dividend Payout Ratio of Union Plastic PCL was 7.36. The lowest was 2.77. And the median was 4.97.

BKK:UP's Dividend Payout Ratio is ranked worse than
98.32% of 776 companies
in the Vehicles & Parts industry
Industry Median: 0.35 vs BKK:UP: 2.77

As of today (2026-07-14), the Dividend Yield % of Union Plastic PCL is 10.59%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Union Plastic PCL was 11.93%. The lowest was 4.14%. And the median was 5.24%.

Union Plastic PCL's Dividends per Share for the months ended in Mar. 2026 was ฿2.50.

During the past 12 months, Union Plastic PCL's average Dividends Per Share Growth Rate was 26.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Union Plastic PCL was 47.00% per year. The lowest was -32.80% per year. And the median was -5.30% 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.

Union Plastic PCL (BKK:UP) 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.

Union Plastic PCL Dividend Payout Ratio Related Terms

Union Plastic PCL Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Union Plastic 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.

Union Plastic PCL Dividend Payout Ratio Chart

Union Plastic PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.00

5.11

4.83

Union Plastic 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															3.27	0.00	0.00	0.00	2.28

BKK:UP vs ORLY, AZO: Dividend Payout Ratio Comparison

For the Auto Parts subindustry, Union Plastic 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.

Union Plastic PCL Dividend Payout Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Union Plastic PCL's Dividend Payout Ratio distribution charts can be found below:

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

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66GF Score

Union Plastic PCL BKK:UP

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

View Full Analysis

Union Plastic PCL Dividend Payout Ratio Calculation

Union Plastic 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 )
	=	1.98	/	0.41
	=	4.83

Union Plastic 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 )
	=	2.5	/	1.098
	=	2.28

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 2.28 mean?

Union Plastic PCL (BKK:UP) has a Dividend Payout Ratio of 2.28 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Union Plastic PCL and its competitors. This is 54% below median its historical median of 4.97. Over the past decade, Union Plastic PCL's Dividend Payout Ratio has ranged from 2.77 to 7.36. According to the industry distribution chart, Union Plastic PCL ranks #763 out of 776 companies in the Vehicles & Parts industry, placing it in the top 98.3%.

Is Union Plastic PCL's Dividend Payout Ratio too high?

Union Plastic PCL's current Dividend Payout Ratio of 2.28 is 54% below median its 10-year median of 4.97. Over the past 10 years, this metric has ranged from a low of 2.77 to a high of 7.36. The Vehicles & Parts industry median Dividend Payout Ratio is 0.35. Union Plastic PCL's value of 2.28 is 551.4% above this industry median. Based on the distribution chart, Union Plastic PCL ranks #763 out of 776 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Union Plastic PCL has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Union Plastic PCL's Dividend Payout Ratio compare to ORLY and AZO?

According to the Vehicles & Parts industry distribution chart, Union Plastic PCL ranks #763 out of 776 companies for Dividend Payout Ratio. This places Union Plastic PCL in the lower half of its industry. The industry median Dividend Payout Ratio is 0.35. Union Plastic PCL's value of 2.28 is 551.4% above this benchmark. Historically, Union Plastic PCL's own Dividend Payout Ratio has ranged from 2.77 to 7.36 over the past decade. While the company's 10-year median is 4.97 vs. the industry median of 0.35, Union Plastic 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 Vehicles & Parts company?

The median Dividend Payout Ratio among Vehicles & Parts companies is 0.35, based on 776 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. Union Plastic PCL's current Dividend Payout Ratio of 2.28 is 551.4% 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 Union Plastic PCL and its competitors. For the Vehicles & Parts industry, the median Dividend Payout Ratio is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Plastic PCL's current Dividend Payout Ratio is 2.28, which is 54% below median its own 10-year median of 4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Union Plastic PCL stock overvalued right now?

Based on GuruFocus' analysis, Union Plastic PCL (BKK:UP) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿16.77, compared to a current price of ฿23.60 — trading 40.7% above its estimated fair value. The current Dividend Payout Ratio is 2.28, which is 54% below median its 10-year median of 4.97 and 551.4% above the Vehicles & Parts industry median of 0.35. Union Plastic PCL's overall GF Score™ is 66/100 with 4 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 Union Plastic PCL (BKK:UP), the current Dividend Payout Ratio is 2.28 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 Union Plastic PCL (BKK:UP) Overvalued in 2026?

Based on GuruFocus' analysis, Union Plastic PCL stock appears to be overvalued. The current stock price of ฿23.60 is trading 40.7% above its estimated GF Value™ of ฿16.77. GuruFocus considers Union Plastic PCL to be Significantly Overvalued.

Key valuation signals for BKK:UP:

Dividend Payout Ratio: 2.28 (54% below median its 10-year median of 4.97)
GF Value™: ฿16.77 vs. price of ฿23.60 (40.7% above fair value)
GF Score™: 66/100 with 4 warning signs
Industry Position: 551.4% above the Vehicles & Parts median (#763 of 776)

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

Union Plastic PCL Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies BKK:CWT BKK:CPR BKK:TATG BKK:IHL BKK:SCL BKK:TRV BKK:SANKO BKK:TNPC BKK:NDR BKK:TKT ORLY TSE:5802 AZO TSE:6902 XKRX:012330 TSE:5108 XPAR:ML SHSE:600660 XTER:KBX TSX:MG

Address 11/1 Soi Serithai 62, Minburi Sub-district, Minburi District, Bangkok, THA, 10510

Website http://unionplastic.co.th

Union Plastic PCL is engaged in the manufacturing and distribution of thermoplastics. The company is also involved in the contract manufacture and repair of molds. The reportable segments of company are Manufacture and distribution of thermoplastics and Contract manufacture and repair of molds. The group generates a majority of its revenue from the manufacture and distribution of thermoplastics business.

66GF Score

Get the complete analysis for BKK:UP

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

฿23.60

Price

฿16.77

GF Value

View BKK:UP Analysis

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