Subscribe

Thoresen Thai Agencies Public Company Limited (TTA.BK)

THB5.00 +0.06 (+1.21%)
TH SET Industrials Conglomerates
Address 26/26-27 Orakarn Building 10330
Bangkok, TH
CEO Chalermchai Mahagitsiri
IPO 2000-01-04
ISIN TH0535010Z05

Explore sections of this company profile

Also trades on Other OTC · THAFF (USD) Stock Exchange of Thailand · TTA-R.BK (THB) Stock Exchange of Thailand · TTA.BK (THB)
Description

Thoresen Thai Agencies Public Company Limited, an investment holding enterprise established in 1904 and based in Bangkok, Thailand, operates globally across five distinct divisions: Shipping, Offshore Service, Agrochemical, Food and Beverage, and Investment. The Shipping division specializes in the dry bulk transport of a diverse range of commodities, from coal and iron ore to agricultural products. This segment also encompasses extensive maritime services such as ship agency, brokerage, international transportation, ship management, chartering, and tramp services for bulk vessels. Its capabilities extend to comprehensive logistics, including land and waterway transportation, port operations (notably managing Phu My port in South Vietnam), bonded warehousing, and tugboat services. The Offshore Service segment provides specialized marine and subsea support for the oil and gas industry. This includes exploration drilling assistance, subsea inspection, diving, ROV services, hydrographic surveying, robotics and AI development, and floating storage solutions. Through its Agrochemical operations, TTA manufactures and markets NPK compounds, bulk blend products, and fertilizers under the Stork brand, catering to a variety of crops. This segment also engages in the trading of fertilizers, coal, and biomass fuels. The Food and Beverage division focuses on managing and franchising globally recognized restaurant chains like Pizza Hut and Taco Bell. Finally, the Investment segment holds a broad and varied portfolio. This includes digital marketing, software consulting, real estate development, utility ventures such as water tap production and electricity generation/trading, and the supply of cargo lashing materials, alongside lifestyle and entertainment businesses. Furthermore, TTA provides essential infrastructure services, including potable water and wastewater treatment, water resource management, and pipeline installation and maintenance.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
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
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
THB5.00 +0.06 (+1.21%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
3M
Beta
0.61
Float Shares
1.12B
Free Float %
62.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.88% +8.30% +7.43% +7.00% +24.42% +26.18% +29.85% -25.17% -69.43% -37.43% +84.48%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
5.00
DCF (Unlevered) 10.55 +111.1%
DCF (Levered) 21.76 +335.1%

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) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.37
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
1 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Conglomerates: +6.1%
    -7.1% Q1'26: -16.6% (vs Q1'25)
  • EPS growth Conglomerates: +16.9%
    +13.7% Q1'26: -76.6% (vs Q1'25)
  • FCF margin FCF growth · Conglomerates: +35.9%
    +1.6% Q1'26: +19.4% (vs Q1'25)
  • EBIT margin Conglomerates: +9.0%
    -2.9% Q1'26: -3.1% (vs Q1'25)
  • ROIC Conglomerates: +4.7%
    -2.4% Q1'26: -2.1% (vs Q1'25)
  • Share dilution Conglomerates: +0.0%
    +0.2% Q1'26: -0.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Conglomerates: 1.28×
    8.50× Q1'26: 9.61× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.09) × ERP
WACC = 45% × Ke + 55% × Kd (5.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10.55 Current price: 5.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
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
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
21.43B
est: 21.09B (+1.6%)
13.66B
est: 14.10B (-3.1%)
13.39B
est: 13.64B (-1.8%)
13.95B
est: 13.60B (+2.6%)
15.43B
est: 14.90B (+3.5%)
12.83B
est: 13.11B (-2.2%)
22.13B
est: 20.36B (+8.7%)
29.32B
est: 30.89B (-5.1%)
23.98B
est: 29.27B (-18.1%)
32.21B
est: 33.36B (-3.4%)
29.91B
est: 29.82B (+0.3%)
29.15B
29.15B – 29.15B
-2.3% YoY
28.69B
28.69B – 28.69B
-1.6% YoY
28.48B
28.48B – 28.48B
-0.7% YoY
EBITDA
-10.53B
est: 2.73B (-486.6%)
1.31B
est: 1.82B (-28.1%)
2.23B
est: 1.76B (+26.4%)
1.39B
est: 1.76B (-20.7%)
2.05B
est: 1.93B (+6.5%)
-1.44B
est: 1.69B (-184.9%)
5.35B
est: 2.63B (+103.5%)
5.47B
est: 3.99B (+37.1%)
4.24B
est: 4.72B (-10.2%)
4.93B
est: 5.37B (-8.3%)
1.42B
est: 4.81B (-70.5%)
4.70B
4.70B – 4.70B
-2.3% YoY
4.62B
4.62B – 4.62B
-1.6% YoY
4.59B
4.59B – 4.59B
-0.7% YoY
EBIT
-14.21B
est: 1.05B (-1,449.4%)
403.40M
est: 703.81M (-42.7%)
1.19B
est: 681.01M (+75.2%)
406.25M
est: 678.90M (-40.2%)
628.32M
est: 744.10M (-15.6%)
-2.92B
est: 654.73M (-545.4%)
4.23B
est: 1.02B (+315.9%)
3.63B
est: 1.54B (+135.1%)
2.05B
est: 2.62B (-21.9%)
2.45B
est: 2.99B (-17.9%)
-858.48M
est: 2.67B (-132.1%)
2.61B
2.61B – 2.61B
-2.3% YoY
2.57B
2.57B – 2.57B
-1.6% YoY
2.55B
2.55B – 2.55B
-0.7% YoY
Net Income
-11.34B
est: 290.36M (-4,003.8%)
-418.29M
est: -92.72M (-351.1%)
588.36M
est: 556.33M (+5.8%)
210.02M
est: 590.05M (-64.4%)
218.18M
est: 269.73M (-19.1%)
-3.37B
est: -1.77B (-90.3%)
3.86B
est: 3.04B (+26.9%)
3.27B
est: 3.93B (-16.8%)
1.22B
est: 1.92B (-36.7%)
1.32B
est: 1.61B (-17.6%)
1.52B
est: 2.24B (-32.2%)
1.06B
1.06B – 1.06B
-52.8% YoY
1.13B
1.13B – 1.13B
+6.9% YoY
1.20B
1.20B – 1.20B
+6.5% YoY
SGA
3.30B
est: 2.81B (+17.5%)
2.08B
est: 1.88B (+10.9%)
2.08B
est: 1.82B (+14.2%)
2.33B
est: 1.81B (+28.8%)
2.60B
est: 1.99B (+31.0%)
2.65B
est: 1.75B (+51.8%)
2.36B
est: 2.71B (-12.9%)
4.08B
est: 4.12B (-1.0%)
2.82B
est: 3.56B (-20.9%)
3.10B
est: 4.05B (-23.5%)
4.42B
est: 3.62B (+22.1%)
3.54B
3.54B – 3.54B
-2.3% YoY
3.49B
3.49B – 3.49B
-1.6% YoY
3.46B
3.46B – 3.46B
-0.7% YoY
EPS
-6.61
est: 0.16 (-4,231.3%)
-0.23
est: -0.05 (-350.2%)
0.32
est: 0.31 (+4.4%)
0.12
est: 0.33 (-63.1%)
0.12
est: 0.15 (-19.3%)
-1.85
est: -0.98 (-89.7%)
2.12
est: 1.68 (+26.5%)
1.79
est: 2.16 (-17.3%)
0.67
est: 1.06 (-36.6%)
0.73
est: 0.88 (-17.3%)
0.83
est: 1.23 (-32.5%)
0.58
0.58 – 0.58
-52.8% YoY
0.62
0.62 – 0.62
+6.9% YoY
0.66
0.66 – 0.66
+6.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 5/5 2/5 3/5 3/5 4/5 5/5
2026-05-28 A 4/5 5/5 2/5 3/5 3/5 4/5 5/5
2026-05-27 A 4/5 5/5 2/5 3/5 3/5 4/5 5/5
2026-05-26 A 4/5 5/5 2/5 3/5 3/5 4/5 5/5
2026-05-25 A 4/5 5/5 2/5 3/5 3/5 4/5 5/5
2026-05-22 A- 4/5 5/5 2/5 3/5 2/5 4/5 5/5
2026-05-21 A- 4/5 5/5 2/5 3/5 2/5 4/5 5/5
2026-05-20 A- 4/5 5/5 2/5 3/5 2/5 4/5 5/5
2026-05-19 A- 4/5 5/5 2/5 3/5 2/5 4/5 5/5
2026-05-18 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-05-15 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-05-14 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-05-13 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-05-12 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-05-11 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-05-08 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-05-07 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-05-06 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-05-05 A 4/5 5/5 3/5 4/5 2/5 4/5 5/5
2026-04-30 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-29 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-28 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-27 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-24 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-23 A- 4/5 5/5 2/5 4/5 1/5 4/5 5/5
2026-04-22 A- 4/5 5/5 2/5 4/5 1/5 4/5 5/5
2026-04-21 A- 4/5 5/5 2/5 4/5 1/5 4/5 5/5
2026-04-20 A- 4/5 5/5 2/5 4/5 1/5 4/5 5/5
2026-04-17 A- 4/5 5/5 2/5 4/5 1/5 4/5 5/5
2026-04-16 A- 4/5 5/5 2/5 4/5 1/5 4/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
748.08M
OE per share TTM
0.45
Owner's Yield
7.74%
Maintenance CapEx ratio
471.46%
Maint CapEx / Avg PPE
66.5%

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 12 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - Emerging Markets Value ETF DFEV 0.01% 110.5K 0.46%
2 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 279.8K 0.39%
3 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 47.7K 0.26%
4 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 21.2K 0.48%
5 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 136.5K 0.28%
6 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 3.8K 0.22%
7 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 11.4K 0.22%
8 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 6.1K 0.22%
9 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 2.7K 0.22%
10 Vanguard Conservative ETF Portfolio VCNS.TO 0.00% 311.94 0.22%

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
-640.7K
Shares Outstanding
1.81B

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

NameTitleCompensationGender
Apichaya Phongpreecha Head of Internal Audit, Compliance & Risk Management Department female
Ausana Mahagitsiri Deputy Chief Executive Officer & Director female
Chalermchai Mahagitsiri President, Chief Executive Officer & Director male
Kamolsut Dabbaransi Senior EVice President, Head of Food & Beverage and Director male
Katarat Suksawang Executive VP of Account & Finance and Group CFO male
Nanchalee Kecharananta Company Secretary & Director of Corporate Affairs Department female
Pattarapol Wannarat Executive Vice President of Group Industrial & Business Development male
Phatthra Prungthunyapluek Associate Director, Treasury & Head of Investor Relations female
Sigmund Stromme Executive Vice President of Agro & Logistics male
Somchai Apinyanukul Executive Vice President of Group Human Resources male
Vincent Siaw Executive Vice President of Legal & International Projects
Vipada Chai-arporn Manager of Investor Relations & Treasury 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.

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.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits