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Thai Optical

SET:TOG · TH0899010001
Health Care Equipment & SuppliesSmall

360

72
Medium confidence — indicative
EV / EBIT91
Price / Owner Earnings54
Owner Earnings Yield90
Dividend Yield1
Price/Sales86
EV / Gross Profit35
Price/Book68
Return on Capital65
Cash Return on Capital77
Return on Equity82
EBIT Margin63
Gross Profitability26
Cash Conversion44
Accruals32
Owner Earnings Margin75
Sales growth55
Profit Growth47
Long-Term EPS Growth17
Owner Earnings Growth100
Reinvestment10
Price momentum61
Debt load19
Refinancing97
Debt Payback45
Liquidity46
Analyst ratings—
Expectations trend—
Market mood65
Value Creation18/20strong 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

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

Profile

CountryThailand
IndustryHealth Care Equipment & Supplies
SizeSmall
TypePublic Company
ExchangeSET
Founded2004
Employees40
Websitethaiopticalgroup.com
ISINTH0899010001
Last UpdateApr 2, 2026
Indices
SET (Thailand)
Themes
Optical InfrastructureConsumer GoodsRetailWholesale

Description

Thai Optical Group Public Company Limited is a leading manufacturer and distributor of optical products, specializing in plastic and glass lenses, and additional related services. The company has established a strong market presence through both loc…

Analysis

Bargain bin

Thai Optical Group Public Company Limited is priced cheaply, and that invites the natural question of why, since the underlying business scores below average.

On valuation, the picture is attractive. The owner-earnings multiple stands at 8.8×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 18/20 on our value-creation score: strong value creator.

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
57
2026

All-time high

57

Jun 2026

All-time low

50

Mar 2026

Average rank

54

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
86
—
—
—
Price/Earnings
88
—
—
—
Price/Book
68
—
—
—
Dividend Yield
1
—
—
—
Value (overall)
77
—
—
—

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 →