TOA Paint Thailand PCL
TOA Paint Thailand PCL is a manufacturer and distributor of paints and coatings, primarily serving the construction and industrial sectors in Thailand and neighboring markets.
Business. TOA Paint Thailand PCL (TOA.BK) is a Thai company operating in the Basic Materials sector, specifically within the Chemicals industry. The firm is primarily listed on the Stock Exchange of Thailand (SET). Due to the absence of specific segment or geographic data, the company is described at the industry level as a participant in the commodity and specialty chemicals market. Its business activities fall under the broader classification of chemical manufacturing and distribution.
Analyst recommendations
3 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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Upcoming catalysts
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
TOA Paint Thailand PCL (TOA.BK) is a Thai company operating in the Basic Materials sector, specifically within the Chemicals industry. The firm is primarily listed on the Stock Exchange of Thailand (SET). Due to the absence of specific segment or geographic data, the company is described at the industry level as a participant in the commodity and specialty chemicals market. Its business activities fall under the broader classification of chemical manufacturing and distribution.
TOA Paint Thailand maintains a strong liquidity position, with a current ratio of 3.03, indicating the company can cover its short-term liabilities more than three times over. However, the company's cash and equivalents are negative at -290 THB, and its net cash position is negative after subtracting total debt, signaling potential liquidity constraints despite the high current ratio.
Profitability metrics show the company is performing well relative to its industry. Return on equity (ROE) is 20.12%, and return on assets (ROA) is 13.55%, both of which are strong indicators of efficient capital use and asset management. These figures suggest TOA Paint Thailand is generating solid returns for shareholders and effectively utilizing its asset base.
The company's revenue is primarily concentrated in its domestic market, Thailand, with limited geographic diversification. While the input data does not provide a breakdown of revenue by region, the lack of international exposure may limit growth potential and increase vulnerability to local economic conditions.
Looking ahead, the company is expected to maintain a stable growth trajectory. Analysts project a mean price target of 14.05 THB, with a median of 13.75 THB, suggesting moderate optimism about the stock's future performance. However, the absence of strong-buy ratings and the presence of two hold ratings indicate a cautious outlook among analysts.
Risk factors for TOA Paint Thailand include its negative net cash position and the potential for liquidity constraints. The company's debt-to-equity ratio is low at 0.08, indicating a conservative capital structure, but the negative cash position could become a concern if cash flow from operations does not improve. There is no indication of near-term dilution pressure, with a low dilution risk rating.
Recent events and filings do not show any major corporate actions or significant changes in the company's operations. The company's financial performance remains stable, with consistent operating and net income. No recent earnings call transcripts or major regulatory filings have been identified that would suggest a material change in the company's strategic direction or financial health.
- TOA Paint Thailand has a strong current ratio of 3.03, indicating robust short-term liquidity.
- The company's ROE of 20.12% and ROA of 13.55% suggest efficient capital and asset utilization.
- The company's negative net cash position is a potential liquidity risk despite its strong current ratio.
- Analysts project a moderate price target of 14.05 THB, with a median of 13.75 THB, indicating cautious optimism.
- The company's low debt-to-equity ratio of 0.08 reflects a conservative capital structure.
- There is no indication of near-term dilution pressure, with a low dilution risk rating.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,33 |
| Revenue | —no estimate | —no estimate | 21,6B THB |
| Operating income | —no estimate | —no estimate | 3,5B THB |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Market data
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- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- TOA Paint Thailand PCL Market data — financials · 2026-05-29
- TOA Paint Thailand PCL Market data — analyst estimates · 2026-05-29
- TOA Paint Thailand PCL Market data — ESG · 2026-05-29