Obermatt

TOA Paint (Thailand)

SET:TOA · TH8193010007
ChemicalsMedium

360

95
EV / EBIT94
Price / Owner Earnings42
Owner Earnings Yield98
Dividend Yield91
Price/Sales69
EV / Gross Profit97
Price/Book68
Return on Capital97
Cash Return on Capital94
Return on Equity98
EBIT Margin94
Gross Profitability96
Cash Conversion22
Accruals20
Owner Earnings Margin96
Sales growth4
Profit Growth32
Long-Term EPS Growth62
Owner Earnings Growth72
Reinvestment31
Price momentum69
Debt load81
Refinancing42
Debt Payback100
Liquidity87
Analyst ratings21
Opinion Changes7
Price Target Upside61
Market mood27
Value Creation20/20strong 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

TOA Paint (Thailand) generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryThailand
IndustryChemicals
SizeMedium
TypePublic Company
ExchangeSET
Founded1977
Employees256
ISINTH8193010007
Last UpdateApr 2, 2026

Description

TOA Paint (Thailand) Public Company Limited engages in the manufacture and distribution of paints and chemicals. Business Strategy The company business strategy is centered around innovation, customer-centricity, and sustainable growth. The company…

Analysis

Hidden champion

TOA Paint (Thailand) Public Company Limited is what we call a hidden champion: a strong business that the market is not pricing as one. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 7.8× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is sturdy. The company scores 20/20 on our value-creation score: strong value creator.

What to watch: 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
37
2023202420252026

All-time high

100

Jan 2024

All-time low

37

Jun 2026

Average rank

78

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
69
77
73
61
Price/Earnings
86
91
76
48
Price/Book
68
74
64
56
Dividend Yield
91
96
89
67
Value (overall)
94
87
79
67

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 →