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STP&I Public Company Limited (STPI.BK)

THB5.15 +0.00 (+0.00%)
TH SET Industrials Manufacturing - Metal Fabrication
Address 32/24, Sino-Thai Tower 10110
Bangkok, TH
CEO Masthawin Charnvirakul
Website stpi.co.th
IPO 2000-01-31
ISIN TH0566B10Z08

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Description

STP&I Public Company Limited, established in Bangkok, Thailand, in 1975, operates as a diversified industrial entity. The company's core business involves the fabrication of steel structures, manufacturing, and selling boilers and pressure vessels, with its reach extending throughout Thailand, Japan, Spain, England, and other global regions. Their extensive steel structure portfolio encompasses significant projects for various sectors. This includes providing essential components for infrastructure such as airports, exhibition centers, and multi-story commercial buildings. For industrial clients, STP&I designs and constructs facilities for factories, automotive production plants, and steel mills. In the energy sector, they supply crucial elements like boiler frames, turbine buildings, and equipment support structures for power generation plants. The petrochemical industry also benefits from their expertise in refineries, gas separation plants, and aromatic processing facilities. Furthermore, the company specializes in constructing diverse bridge types, including main structural components, decking for cable-stayed bridges, flyovers, pipe bridges, and jetties, complete with built-in cable anchor structural decks. Beyond large-scale fabrication, STP&I delivers comprehensive piping pre-fabrication and on-site erection services for a wide array of industrial settings, including power plants, oil refineries, petrochemical complexes, and offshore processing units. They are also proficient in producing both offshore and onshore modular constructions. The company's engineering division offers specialized design services for steel-to-steel connections, alongside detailed shop and erection drawings. Their integrated fabrication process covers everything from cutting, rolling, and drilling to assembly, welding, rigorous inspection, surface treatment (blasting and painting), and final packing and delivery. Additionally, they undertake complete plant and module construction projects and provide crucial construction support services. STP&I has also significantly diversified its operations. This expansion includes the manufacturing, sale, and rental of construction machinery; generating and distributing electricity derived from waste materials; cultivating and distributing hemp-based products; providing municipal solid waste management solutions; engaging in property development; offering logistics services; leasing commercial properties like land, office spaces, and warehouses; and operating automated fuel stations for communities. The company, which was originally known as Sino-Thai Pressure Vessel & Iron Works, officially adopted its current name, STP&I Public Company Limited, in 1995.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
THB5.15 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
12M
Beta
0.99
Float Shares
990.81M
Free Float %
54.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+11.59% +15.56% +27.45% +4.00% +38.30% +15.04% +94.03% +37.57% +7.88% +7.88% +7.88%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

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By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
5.15
DCF (Unlevered) 1.28 -75.2%
DCF (Levered) 18.71 +263.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.91
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Manufacturing - Metal Fabrication: +10.4%
    +37.7% Q1'26: -21.9% (vs Q1'25)
  • EPS growth Manufacturing - Metal Fabrication: +16.7%
    +102.6% Q1'26: -80.3% (vs Q1'25)
  • FCF margin FCF growth · Manufacturing - Metal Fabrication: +40.8%
    +16.4% Q1'26: +32.5% (vs Q1'25)
  • EBIT margin Manufacturing - Metal Fabrication: +8.3%
    +9.8% Q1'26: -14.0% (vs Q1'25)
  • ROIC Manufacturing - Metal Fabrication: +6.2%
    +2.3% Q1'26: -1.7% (vs Q1'25)
  • Share dilution Manufacturing - Metal Fabrication: +0.0%
    +8.2% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Manufacturing - Metal Fabrication: 0.46×
    4.18× Q1'26: 19.58× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.90) × ERP
WACC = 72% × Ke + 28% × Kd (5.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1.28 Current price: 5.15
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-22 B 3/5 4/5 2/5 3/5 2/5 1/5 4/5
2026-05-21 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-20 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-19 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-18 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-15 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-14 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-13 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-12 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-11 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-08 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-07 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-06 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-05 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-30 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-29 B+ 3/5 4/5 2/5 4/5 2/5 2/5 4/5
2026-04-28 B+ 3/5 4/5 2/5 4/5 2/5 2/5 4/5
2026-04-27 B+ 3/5 4/5 2/5 4/5 2/5 2/5 4/5
2026-04-24 B+ 3/5 4/5 2/5 4/5 2/5 2/5 4/5
2026-04-23 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-22 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-21 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-20 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-17 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-16 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.97B
OE per share TTM
1.09
Owner's Yield
20.92%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
116.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
128.5K
Shares Outstanding
1.81B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Masthawin Charnvirakul MD & Director 1M male
Choavalit Limpanich Deputy MD & Director 1M male
Lieutenant Kitti Junsangsri Marketing & Estimation Department Manager
Ramrada Khangrang Head of Internal Audit female
Supattra Yangtrong Finance & Accounting Department Manager and Head of Investor Relations female
Supot Poungtong Fabrication Department Manager of Rayong Sriracha & Leamchabang Assembly Yard male
Tawan Chaisomtip Project Control & Contract Administrative Department Manager male
Anilrat Nitisaroj Business Development & Legal Department Manager female
Thammanoon Narind Fabrication Plants Department Manager of Chonburi male
Atitaya Charnvirakul Administrative Department Manager & Corporate Secretary female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits