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Tipco Asphalt

SET:TASCO · TH0219010Z06
Construction MaterialsMedium

360

75
EV / EBIT41
Price / Owner Earnings39
Owner Earnings Yield70
Dividend Yield97
Price/Sales69
EV / Gross Profit24
Price/Book46
Return on Capital49
Cash Return on Capital81
Return on Equity56
EBIT Margin15
Gross Profitability26
Cash Conversion78
Accruals100
Owner Earnings Margin60
Sales growth19
Profit Growth15
Long-Term EPS Growth6
Owner Earnings Growth17
Reinvestment9
Price momentum43
Debt load67
Refinancing80
Debt Payback73
Liquidity66
Analyst ratings67
Opinion Changes33
Price Target Upside40
Market mood7
Value Creation6/20not creating value
  • 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

Tipco Asphalt doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryThailand
IndustryConstruction Materials
SizeMedium
TypePublic Company
ExchangeSET
Founded1992
Employees140
Websitetipcoasphalt.com
ISINTH0219010Z06
Last UpdateApr 2, 2026
Indices
SET (Thailand)
Themes
Marine TransportationBuilding MaterialConstructionManufacturing

Description

Tipco Asphalt Public Company Limited operates primarily in the manufacturing and trading of asphalt and petroleum products, with a strong focus on the construction and road rehabilitation sectors. The company is structured as a conglomerate with mult…

Analysis

Middle-of-the-road

Tipco Asphalt Public Company Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 16.8×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 6/20 on our value-creation score: not creating value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
24
2023202420252026

All-time high

100

Jan 2025

All-time low

24

Jun 2026

Average rank

69

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
69
60
64
60
Price/Earnings
45
57
67
53
Price/Book
46
47
56
45
Dividend Yield
97
90
94
64
Value (overall)
60
62
73
51

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 →