Obermatt

TTW

SET:TTW · TH0961010Y04
Water UtilitiesSmall

360

82
EV / EBIT58
Price / Owner Earnings40
Owner Earnings Yield92
Dividend Yield95
Price/Sales6
EV / Gross Profit38
Price/Book24
Return on Capital90
Cash Return on Capital96
Return on Equity94
EBIT Margin99
Gross Profitability76
Cash Conversion10
Accruals3
Owner Earnings Margin100
Sales growth31
Profit Growth44
Long-Term EPS Growth41
Owner Earnings Growth89
Reinvestment9
Price momentum53
Debt load65
Refinancing24
Debt Payback82
Liquidity86
Analyst ratings36
Opinion Changes50
Price Target Upside28
Market mood23
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

TTW generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryThailand
IndustryWater Utilities
SizeSmall
TypePublic Company
ExchangeSET
Founded2000
Employees9
ISINTH0961010Y04
Last UpdateApr 2, 2026
Themes
Water PurificationCleanTechEnvironmental EngineeringSmart Water Networks (SWN)Waste ManagementWater

Description

TTW Public Company Limited is primarily engaged in the production and sale of treated water. The company operates in Thailand, providing essential water services to various municipal areas through a well-defined framework of agreements with local aut…

Analysis

Middle-of-the-road

TTW Public Company Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 9.6×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
15
2023202420252026

All-time high

55

Jan 2024

All-time low

15

Jun 2026

Average rank

38

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
6
3
5
7
Price/Earnings
57
47
47
36
Price/Book
24
24
19
15
Dividend Yield
95
87
87
76
Value (overall)
47
28
39
28

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →