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TOA Paint (Thailand) Public Company Limited (TOA.BK)
THB15.20
-0.10 (-0.65%)
TH SET Basic Materials Chemicals - Specialty
Address
31/2 Moo 3, Bangna-Trad Road 10570
Bang Sao Thong, TH
Bang Sao Thong, TH
CEO
Jatuphat Tangkaravakoon
Website
toagroup.com
IPO
2017-10-10
ISIN TH8193010007
Description
TOA Paint (Thailand) Public Company Limited, through its various subsidiaries, manufactures and supplies a broad spectrum of paints and chemical goods. The company's operations span several Southeast Asian markets, including Thailand, Vietnam, Laos, Myanmar, Cambodia, Indonesia, and Malaysia. Its extensive product catalog features items like construction chemicals, specialty paints, hardware, power tools, and a range of coatings for decorative, wood, and heavy-duty applications. Founded in 1964, the firm maintains its head office in Bang Sao Thong, Thailand.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
THB15.20
-0.10 (-0.65%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.29
Float Shares
398.59M
Free Float %
20.6%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.71% | -4.03% | -7.03% | -24.20% | -7.75% | -12.50% | +7.21% | -60.66% | -66.48% | -50.42% | -50.42% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
15.20
DCF (Unlevered)
91.00
+498.7%
DCF (Levered)
112.27
+638.7%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
67% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | -1 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
4.65
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Chemicals - Specialty: +4.7%+2.1% Q1'26: +3.7% (vs Q1'25)
-
EPS growth Chemicals - Specialty: +13.2%+56.3% ★ Q1'26: +32.4% (vs Q1'25)
-
FCF margin FCF growth · Chemicals - Specialty: +44.1%+14.9% ★ Q1'26: +19.3% (vs Q1'25)
-
EBIT margin Chemicals - Specialty: +8.8%+17.6% ★ Q1'26: +20.1% (vs Q1'25)
-
ROIC Chemicals - Specialty: +5.6%+36.8% ★ Q1'26: +47.1% (vs Q1'25)
-
Share dilution Chemicals - Specialty: +0.1%-3.0% ★ Q1'26: -2.4% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×0.40× ★ Q1'26: 0.22× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 2 Rev. Ana. 2 EPS Ana. |
Dec 2027 3 Rev. Ana. 3 EPS Ana. |
Dec 2028 2 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
15.72B
est: 15.64B (+0.5%)
|
16.35B
est: 16.66B (-1.9%)
|
16.98B
est: 17.36B (-2.2%)
|
16.30B
est: 16.16B (+0.9%)
|
17.57B
est: 17.14B (+2.5%)
|
20.65B
est: 20.02B (+3.1%)
|
22.24B
est: 21.95B (+1.3%)
|
21.14B
est: 21.64B (-2.3%)
|
21.59B
est: 21.17B (+2.0%)
|
21.60B
21.49B – 21.71B
+2.0% YoY
|
22.53B
21.99B – 23.08B
+4.3% YoY
|
23.19B
22.90B – 23.48B
+2.9% YoY
|
| EBITDA |
2.52B
est: 2.56B (-1.6%)
|
2.65B
est: 2.72B (-2.7%)
|
2.94B
est: 2.84B (+3.8%)
|
2.87B
est: 2.64B (+8.8%)
|
2.96B
est: 2.80B (+5.7%)
|
2.60B
est: 3.27B (-20.7%)
|
4.09B
est: 5.86B (-30.1%)
|
3.44B
est: 5.77B (-40.4%)
|
4.55B
est: 5.65B (-19.5%)
|
5.76B
5.74B – 5.79B
+2.0% YoY
|
6.01B
5.87B – 6.16B
+4.3% YoY
|
6.19B
6.11B – 6.26B
+2.9% YoY
|
| EBIT |
2.18B
est: 2.02B (+7.7%)
|
2.32B
est: 2.16B (+7.8%)
|
2.59B
est: 2.25B (+15.3%)
|
2.50B
est: 2.09B (+19.5%)
|
2.49B
est: 2.22B (+12.2%)
|
1.92B
est: 2.59B (-25.8%)
|
3.37B
est: 5.08B (-33.7%)
|
2.67B
est: 5.01B (-46.6%)
|
3.81B
est: 4.90B (-22.3%)
|
5.00B
4.98B – 5.03B
+2.0% YoY
|
5.22B
5.09B – 5.34B
+4.3% YoY
|
5.37B
5.30B – 5.44B
+2.9% YoY
|
| Net Income |
1.71B
est: 1.80B (-4.9%)
|
1.82B
est: 1.92B (-4.9%)
|
2.16B
est: 2.17B (-0.2%)
|
2.03B
est: 2.07B (-2.0%)
|
1.96B
est: 1.89B (+3.3%)
|
1.42B
est: 1.64B (-13.4%)
|
2.57B
est: 2.38B (+7.7%)
|
1.92B
est: 2.18B (-12.0%)
|
2.92B
est: 2.55B (+14.4%)
|
2.82B
2.40B – 2.89B
+10.5% YoY
|
2.87B
2.79B – 2.95B
+1.9% YoY
|
3.05B
3.02B – 3.08B
+6.2% YoY
|
| SGA |
3.29B
est: 3.18B (+3.5%)
|
3.36B
est: 3.39B (-0.8%)
|
3.36B
est: 3.53B (-4.8%)
|
3.51B
est: 3.29B (+6.8%)
|
3.52B
est: 3.49B (+0.8%)
|
4.00B
est: 4.07B (-1.8%)
|
4.35B
est: 4.40B (-1.1%)
|
4.48B
est: 4.34B (+3.2%)
|
4.34B
est: 4.25B (+2.3%)
|
4.33B
4.31B – 4.35B
+2.0% YoY
|
4.52B
4.41B – 4.63B
+4.3% YoY
|
4.65B
4.59B – 4.71B
+2.9% YoY
|
| EPS |
1.03
est: 0.90 (+15.0%)
|
0.90
est: 0.96 (-5.9%)
|
1.07
est: 1.08 (-0.9%)
|
1.00
est: 1.03 (-3.1%)
|
0.96
est: 0.94 (+1.9%)
|
0.70
est: 0.82 (-14.1%)
|
1.27
est: 1.22 (+3.7%)
|
0.96
est: 1.12 (-14.2%)
|
1.50
est: 1.31 (+14.5%)
|
1.36
1.23 – 1.48
+3.7% YoY
|
1.49
1.43 – 1.51
+9.6% YoY
|
1.57
1.55 – 1.58
+5.2% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-11 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-08 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-07 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-06 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-05 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-04-30 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-04-29 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-04-28 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-04-27 | A | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-24 | A | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-23 | A | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-22 | A | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-21 | A | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-20 | A | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-17 | A | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-16 | A | 4/5 | 5/5 | 5/5 | 5/5 | 1/5 | 3/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
3.40B
OE per share TTM
1.74
Owner's Yield
14.38%
Maintenance CapEx ratio
5.94%
Maint CapEx / Avg PPE
23.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 7 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Emerging Markets Equity Income UCITS ETF DEMD.L | 0.08% | 218.5K | 0.46% |
| 2 | WisdomTree Emerging Markets Equity Income UCITS ETF - Acc DEMR.L | 0.08% | 218.5K | 0.46% |
| 3 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.01% | 99.9K | 0.65% |
| 4 | Dimensional Emerging Markets Sustainability Core 1 ETF DFSE | 0.01% | 48.3K | 0.44% |
| 5 | Dimensional - Emerging Markets ex China Core Equity ETF DEXC | 0.00% | 10.2K | 0.56% |
| 6 | Dimensional - Emerging Markets Core Equity 2 ETF DFEM | 0.00% | 224.5K | 0.39% |
| 7 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 103.5K | 0.28% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
847.5K
Shares Outstanding
1.94B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Jatuphat Tangkaravakoon | Chief Executive Officer & Director | 4M | male |
| Busatree Wanglee | Executive Vice President - Office of Chief Executive Officer & Executive Director | 3M | female |
| Laor Tangkaravakoon | Vice Chairman | 160.4K | female |
| Srikanlaya Pensri | Company Secretary & Senior Investor Relations Manager | — | female |
| Sub Lieutenant Surasak Mandaeng | Chief Financial Officer | — | — |
| Winai Chaiburanont | Senior Vice President of Operations Division, VP of Innovation & R&D and Technical Director | — | male |
| Arveecha Chanruangvanich | Senior Manager & Head of Internal Audit Division | — | female |
| Wipada Nakpairat | Vice President of SHE & Quality Management and Sustainability Division | — | female |
| Attapol Watjarapairoj | Head of Compliance & Assistant Vice President of Internal Audit | — | male |
| Nantarak Chouypitak | Senior Manager of Risk & Compliance Division | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for TOA.BK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
