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TOA Paint (Thailand) Public Company Limited

TOA Paint (Thailand) Public Company Limited

14.80
THB
0.00
(0.00%)
1.66EPS
8.97P/E
28.50BMarket Cap
Nov 12Next Earn
TOA Paint (Thailand) Public Company Limited
SET:TOA.R
(Stock Exchange of Thailand)

Recent

price

14.80

P/E

ratio

8.97

div

yld

4.45%

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
11.05
10.73
9.53
8.06
8.37
8.03
8.66
10.18
10.98
10.53
11.09
11.26
Revenue per Share
0.94
1.64
1.03
0.9
1.07
1
0.96
0.7
1.27
0.96
1.5
1.64
Basic EPS, GAAP
- -
1.45
0.85
0.57
0.82
0.74
1.06
0.4
1.34
1.09
1.68
1.85
Free Cash Flow per Basic Share
- -
4.23
0.9
0.35
0.41
0.54
0.57
0.44
0.58
0.62
0.55
0.66
Dividend per Share
2.69
0.4
4.16
4.64
5.27
5.63
6.06
6.3
6.93
6.86
7.48
8
Book Value per Share
2.65
0.32
4.08
4.48
5.11
5.53
5.91
6.01
6.65
6.61
7.26
7.79
Tangible Book Value per Share
1,541
1,541
1,661
2,029
2,029
2,029
2,029
2,029
2,029
2,008
1,947
1,954
Basic Weighted Avg Shares
17,035
16,529
15,825
16,348
16,978
16,296
17,570
20,649
22,279
21,140
21,589
22,003
Sales/Revenue/Turnover
16.37
19.4
13.78
14.21
15.26
15.34
12.7
9.69
14.46
13.36
17.63
18.56
Operating Margin (%)
- -
357
340
342
369
557
615
671
721
766
743
750
Depreciation Expense
1,447
2,528
1,710
1,825
2,162
2,031
1,955
1,417
2,569
1,920
2,917
3,203
Net Income, GAAP
37.13
19.64
19.07
21.17
21.02
21.98
21.51
23.98
20.83
24.58
19.14
20.65
Effective Tax Rate (%)
8.49
15.29
10.81
11.16
12.74
12.46
11.13
6.86
11.53
9.08
13.51
14.56
Profit Margin (%)
3,863
-1,144
6,276
6,788
7,660
8,297
9,168
9,082
9,871
9,197
10,147
11,119
Working Capital
198
166
- -
- -
- -
946
1,026
966
1,110
899
761
677
LT Debt
5,575
778
8,413
9,364
10,613
11,405
12,451
13,490
14,818
14,370
15,189
16,226
Total Equity
- -
34.95
24.19
18.2
18.92
16.31
13.26
10.29
17.29
12.7
18.72
19.85
Return on Invested Capital (%)
- -
36.74
24.59
18.68
20.41
17.31
15.11
9.98
16.36
11.94
18.27
19.33
Return on Capital (%)
- -
80.63
37.01
20.44
21.51
18.38
16.5
11.3
19.13
13.84
20.72
21.92
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
399
396
376
LT Borrowings
112
64
28
LT Finance Leases
649
674
649
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,939
1,939
1,939
Market Capitalization
26,365
25,202
28,497

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,147
16,472
17,094
Cash, Cash Equivalents & STI
8,632
9,700
9,744
Accounts Receivable, Net
3,047
3,216
3,028
Inventories
2,901
2,943
3,709
Total Current Liabilities
5,000
5,320
5,975
Payables & Accruals
4,494
4,799
5,473
ST Debt
399
396
376
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
95.74%
6.01%
5.7%
Free Cash Flow
- -
49.1%
50.3%
Net Income, GAAP
13.82%
15.34%
51.96%
Sales/Revenue/Turnover
2.62%
6.05%
2.12%
Total Cash Common Dividend
- -
1.2%
-14.71%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,435
5,401
5,072
5,232
21,140
2025
5,425
5,367
5,265
5,532
21,589
2026
5,625
5,581
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.24
0.09
0.23
0.96
2025
0.37
0.34
0.34
0.44
1.5
2026
0.49
0.37
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.32
0.3
- -
0.62
2025
- -
0.24
0.35
-0.05
0.55
2026
- -
0.36
- -
- -
- -
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Business
TOA Paint (Thailand) Public Company Limited manufactures and distributes decorative paints and coatings; non-decorative paints including heavy-duty, metal, wood, protective, and marine coatings; construction chemicals; aerosol sprays; abrasive products; skim coat products; gypsum; hardware and power tools; and tiles, along with painting services. Founded in 1964 and headquartered in Bang Sao Thong, Samut Prakan, Thailand, the company operates production facilities in Thailand, Vietnam, Laos, Myanmar, Cambodia, Indonesia, and Malaysia, serving household and industrial markets across Southeast Asia as the region's largest decorative paint manufacturer with approximately 48% domestic market share. It expanded into smart bathroom solutions in 2025 through a partnership with JOMOO, opening its first comprehensive showroom featuring flagship X-Series intelligent toilets targeting a three-year sales goal of THB 200 million amid growth in Thailand's THB 20 billion bathroom fixtures market driven by real estate, tourism, and health-conscious consumers. Recent product launches include the eco-friendly TOA Shield Expert 2-in-1 water-based emulsion paint in 2024 for DIY applications with over 10-year durability, and ongoing innovations such as SuperShield, TOA Organic Care, and TOA AQUA SHIELD 2IN1 MULTI SURFACE under its Total Solution platform encompassing construction materials. The company completed a share buyback program in June 2025 acquiring 60 million shares for THB 759.3 million, reported strong nine-month 2025 sales of THB 16.1 billion and net income of THB 2.1 billion as of September 30, 2025, and maintains commitments to ESG frameworks targeting Net Zero emissions by 2050.