U

United Paper PCL
SET:UTP

Watchlist Manager
United Paper PCL
SET:UTP
Watchlist
Price: 7.35 THB Market Closed
Market Cap: ฿4.8B

EV/EBITDA

3.1
Current
33%
Cheaper
vs 3-y median of 4.6

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
3.1
=
Enterprise Value
฿2.7B
/
EBITDA
฿813.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
3.1
=
Enterprise Value
฿2.7B
/
EBITDA
฿813.6m

Valuation Scenarios

United Paper PCL is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (4.6), the stock would be worth ฿11 (50% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+180%
Average Upside
105%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 3.1 ฿7.35
0%
3-Year Average 4.6 ฿11
+50%
5-Year Average 6.9 ฿16.58
+126%
Industry Average 5 ฿12.01
+63%
Country Average 8.6 ฿20.57
+180%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿2.7B
/
Jan 2026
฿813.6m
=
3.1
Current
฿2.7B
/
Dec 2026
฿989.8m
=
2.8
Forward
฿2.7B
/
Dec 2027
฿1.1B
=
2.5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TH
United Paper PCL
SET:UTP
4.8B THB 3.1 9.3
US
Westrock Co
LSE:0LW9
1.3T USD 522.7 4 402.6
US
International Paper Co
NYSE:IP
18.7B USD 9.2 -5.3
US
Packaging Corp of America
NYSE:PKG
18.9B USD 11.7 24.6
UK
Amcor PLC
NYSE:AMCR
17.8B USD 11.1 29.9
US
Avery Dennison Corp
NYSE:AVY
12.9B USD 10.9 18.7
UK
DS Smith PLC
LSE:SMDS
8B GBP 9.5 20.9
IE
Smurfit Kappa Group PLC
F:SK3
9.1B EUR 5.8 12
US
Sealed Air Corp
NYSE:SEE
6.2B USD 8.9 12.2
CH
SIG Group AG
SIX:SIGN
4.5B CHF 9.2 -56.5
US
Sonoco Products Co
NYSE:SON
5.2B USD 6.8 5.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
U
United Paper PCL
SET:UTP
Average EV/EBITDA: 55.3
3.1
N/A N/A
US
W
Westrock Co
LSE:0LW9
522.7
6%
87.1
US
International Paper Co
NYSE:IP
9.2
18%
0.5
US
Packaging Corp of America
NYSE:PKG
11.7
10%
1.2
UK
Amcor PLC
NYSE:AMCR
11.1
28%
0.4
US
Avery Dennison Corp
NYSE:AVY
10.9
6%
1.8
UK
DS Smith PLC
LSE:SMDS
9.5
4%
2.4
IE
S
Smurfit Kappa Group PLC
F:SK3
5.8
5%
1.2
US
Sealed Air Corp
NYSE:SEE
8.9
6%
1.5
CH
SIG Group AG
SIX:SIGN
9.2
5%
1.8
US
Sonoco Products Co
NYSE:SON
6.8
4%
1.7
P/E Multiple
Earnings Growth PEG
TH
U
United Paper PCL
SET:UTP
Average P/E: 503.9
9.3
N/A N/A
US
W
Westrock Co
LSE:0LW9
4 402.6
N/A N/A
US
International Paper Co
NYSE:IP
Negative Multiple: -5.3 N/A N/A
US
Packaging Corp of America
NYSE:PKG
24.6
17%
1.4
UK
Amcor PLC
NYSE:AMCR
29.9
64%
0.5
US
Avery Dennison Corp
NYSE:AVY
18.7
13%
1.4
UK
DS Smith PLC
LSE:SMDS
20.9
7%
3
IE
S
Smurfit Kappa Group PLC
F:SK3
12
13%
0.9
US
Sealed Air Corp
NYSE:SEE
12.2
N/A N/A
CH
SIG Group AG
SIX:SIGN
Negative Multiple: -56.5 N/A N/A
US
Sonoco Products Co
NYSE:SON
5.2
-11%
N/A

Market Distribution

Lower than 93% of companies in Thailand
Percentile
7th
Based on 406 companies
7th percentile
3.1
Low
0.2 — 6.6
Typical Range
6.6 — 11.4
High
11.4 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 6.6
Median 8.6
70th Percentile 11.4
Max 3 584.8

United Paper PCL
Glance View

Market Cap
4.8B THB
Industry
Packaging

United Paper Public Co. Ltd. engages in the production and distribution of box surface paper and kraft paper for packaging corrugated box. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2004-12-16. The firm produces and distributes box surface paper and kraft paper for packaging corrugated boxes. The firm's products can be categorized into two main groups, which are kraft liner boards and corrugating mediums. Both products are made with different grades and specifications suitable for various purposes, including packaging for electrical appliances, canned food, beverages and others. The corrugated paper has properties that can support stacking weight well, can absorb glue to adhere to kraft paper for making box surfaces.

UTP Intrinsic Value
18.39 THB
Undervaluation 60%
Intrinsic Value
Price
U
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett