Subscribe

Thai Wah Public Company Limited (TWPC.BK)

THB2.88 +0.00 (+0.00%)
TH SET Consumer Defensive Packaged Foods
Address No. 21/11, 21/13 Thai Wah Tower 1 10120
Bangkok, TH
CEO Ren Hua
IPO 2000-01-04
ISIN TH6820010002

Explore sections of this company profile

Description

Thai Wah Public Company Limited, founded in 1947 and based in Bangkok, Thailand, specializes in the production and distribution of starches and various agricultural products. Its market presence extends across Thailand, Vietnam, Cambodia, and China. The company's extensive product line includes tapioca starch, crucial for both food applications (such as seasoning and sweeteners) and industrial uses in paper and textiles. They also supply sago for culinary purposes, ranging from savory dishes to desserts, and alpha starch, which finds utility in aquatic animal feed, mosquito repellents, and metal casting. Beyond these, Thai Wah manufactures glucose and confectionery. Their food offerings are broad, encompassing rice flour, diverse vermicelli and noodle products (including rice, mung bean starch, and instant varieties), and unique sago types like roselle and pandanus sago. Furthermore, the company engages in land management activities and is involved in generating and selling electricity.

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
THB2.88 +0.00 (+0.00%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
165.6K
Beta
0.09
Float Shares
591.44M
Free Float %
67.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -2.74% -2.07% -6.58% -7.79% -2.07% +31.48% -34.86% -48.83% -61.62% +1,173.31%
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
2.88
DCF (Levered) 165.20 +5,636.1%

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 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.55
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Packaged Foods: +4.4%
    -8.3% Q1'26: +5.2% (vs Q1'25)
  • EPS growth Packaged Foods: +14.6%
    +322.0% Q1'26: +75.0% (vs Q1'25)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    +3.6% Q1'26: -12.0% (vs Q1'25)
  • EBIT margin Packaged Foods: +7.9%
    +2.7% Q1'26: +5.9% (vs Q1'25)
  • ROIC Packaged Foods: +7.0%
    +2.6% Q1'26: +7.4% (vs Q1'25)
  • Share dilution Packaged Foods: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    1.88× Q1'26: 1.58× (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 (0.06) × ERP
WACC = 65% × Ke + 35% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 2.88
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
1.39B
est: 5.53B (-74.8%)
6.16B
est: 6.16B (+0.0%)
6.27B
est: 6.30B (-0.6%)
7.25B
est: 7.26B (-0.2%)
7.32B
est: 7.51B (-2.5%)
7.09B
est: 7.15B (-0.8%)
9.11B
est: 8.94B (+1.8%)
10.42B
est: 9.49B (+9.8%)
10.23B
est: 9.62B (+6.3%)
10.04B
est: 11.34B (-11.5%)
9.21B
est: 9.72B (-5.3%)
10.01B
10.01B – 10.01B
+3.0% YoY
10.38B
10.38B – 10.38B
+3.7% YoY
10.91B
10.91B – 10.91B
+5.1% YoY
EBITDA
155.77M
est: 425.47M (-63.4%)
1.05B
est: 474.60M (+121.2%)
844.78M
est: 485.48M (+74.0%)
558.76M
est: 559.38M (-0.1%)
530.25M
est: 578.56M (-8.4%)
571.31M
est: 550.30M (+3.8%)
969.44M
est: 688.69M (+40.8%)
922.97M
est: 730.95M (+26.3%)
603.75M
est: 740.85M (-18.5%)
505.98M
est: 867.05M (-41.6%)
715.32M
est: 743.00M (-3.7%)
765.39M
765.39M – 765.39M
+3.0% YoY
793.45M
793.45M – 793.45M
+3.7% YoY
833.73M
833.73M – 833.73M
+5.1% YoY
EBIT
126.31M
est: 139.17M (-9.2%)
905.69M
est: 155.24M (+483.4%)
652.19M
est: 158.80M (+310.7%)
281.50M
est: 182.97M (+53.8%)
177.88M
est: 189.24M (-6.0%)
113.54M
est: 180.00M (-36.9%)
495.87M
est: 225.27M (+120.1%)
426.49M
est: 239.09M (+78.4%)
117.16M
est: 242.33M (-51.7%)
31.21M
est: 311.31M (-90.0%)
251.17M
est: 266.77M (-5.8%)
274.81M
274.81M – 274.81M
+3.0% YoY
284.88M
284.88M – 284.88M
+3.7% YoY
299.35M
299.35M – 299.35M
+5.1% YoY
Net Income
80.95M
est: 379.50M (-78.7%)
669.04M
est: 669.12M (0.0%)
492.91M
est: 493.38M (-0.1%)
196.86M
est: 193.69M (+1.6%)
93.89M
est: 88.04M (+6.6%)
38.27M
est: 122.88M (-68.9%)
323.03M
est: 326.38M (-1.0%)
298.19M
est: 362.69M (-17.8%)
47.25M
est: 433.18M (-89.1%)
-71.41M
est: 428.07M (-116.7%)
155.92M
est: 167.28M (-6.8%)
246.52M
246.52M – 246.52M
+47.4% YoY
264.13M
264.13M – 264.13M
+7.1% YoY
343.36M
343.36M – 343.36M
+30.0% YoY
SGA
187.99M
est: 832.89M (-77.4%)
799.73M
est: 929.06M (-13.9%)
938.07M
est: 950.37M (-1.3%)
966.62M
est: 1.10B (-11.7%)
1.11B
est: 1.13B (-1.8%)
1.11B
est: 1.08B (+3.4%)
1.39B
est: 1.35B (+3.1%)
1.48B
est: 1.43B (+3.4%)
1.49B
est: 1.45B (+2.9%)
1.57B
est: 1.75B (-10.6%)
1.62B
est: 1.50B (+8.0%)
1.55B
1.55B – 1.55B
+3.0% YoY
1.61B
1.61B – 1.61B
+3.7% YoY
1.69B
1.69B – 1.69B
+5.1% YoY
EPS
0.09
est: 0.43 (-79.1%)
0.76
est: 0.76 (+0.0%)
0.56
est: 0.56 (-0.1%)
0.22
est: 0.22 (+0.0%)
0.11
est: 0.10 (+10.0%)
0.04
est: 0.14 (-68.8%)
0.37
est: 0.37 (-0.2%)
0.34
est: 0.41 (-17.5%)
0.05
est: 0.49 (-89.1%)
-0.08
est: 0.49 (-116.7%)
0.18
est: 0.19 (-5.3%)
0.28
0.28 – 0.28
+47.4% YoY
0.30
0.30 – 0.30
+7.1% YoY
0.39
0.39 – 0.39
+30.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-05-20 B+ 3/5 3/5 2/5 3/5 3/5 3/5 5/5
2026-05-19 B+ 3/5 3/5 2/5 3/5 3/5 3/5 5/5
2026-05-18 B+ 3/5 3/5 2/5 3/5 3/5 3/5 5/5
2026-05-15 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-05-14 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-05-13 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-05-12 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-05-11 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-05-08 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-05-07 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-05-06 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-05-05 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-04-30 B+ 3/5 3/5 2/5 3/5 2/5 3/5 5/5
2026-04-29 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-28 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-27 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-24 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-23 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-22 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-21 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-20 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-17 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-16 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
203.60M
OE per share TTM
0.23
Owner's Yield
8.14%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
41.6%

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

This company is not held by any ETF in our universe.

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
182.7K
Shares Outstanding
880.42M

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
Ren Hua Chief Executive Officer & Director 756.0K male
Umnad Sukprasongphol Senior Advisor to Chief Executive Officer & Director 667.8K male
Hataikan Kamolsirisakul Head of Strategy, Sustainability & Innovation, Head of New Business Group and Chief of Staff female
Manee Lueprasert Company Secretary and Director of Treasury & Corporate Affairs female
Nattamon Rattananakin Company Secretary and Senior Manager of Legal & Corporate Affairs female
Patcharin Wachiraworakam VP & Head of Food Business female
Phochara Luengrungroj Senior AVP & Head of Starch Business male
Pitchaya Sonsa-Ardjit Chief Accountant, Director & Financial Controller female
Sivis Anantakul Head of Investor Relations male
Thippawan Sirintraphan Head of Internal Audit and Senior Manager of Internal Audit & Risk Management female
Chainarong Chimchan Senior IT Manager male
Vanassaporn Butsaba Head of Internal Audit and Senior Manager of Internal Audit & Risk Management 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