TOA Paint (Thailand) Public Company Limited

BK:TOA Thailand Specialty Chemicals
Market Cap
$698.84 Million
฿24.23 Billion THB
Market Cap Rank
#17434 Global
#133 in Thailand
Share Price
฿12.50
Change (1 day)
+0.81%
52-Week Range
฿9.45 - ฿16.30
All Time High
฿42.70
Categories
Companies in Thailand Specialty Chemicals
About

TOA Paint (Thailand) Public Company Limited, together with its subsidiaries, manufactures and distributes paints and chemicals in Thailand, Vietnam, Laos, Myanmar, Cambodia, Indonesia, and Malaysia. The company provides construction chemicals, special paints, gypsum, hardware and power tools, and tile, as well as decorative, metal, heavy duty, and wood coatings. It also manufactures and distribut… Read more

TOA Paint (Thailand) Public Company Limited (TOA) - Net Assets

Latest net assets as of September 2025: ฿14.40 Billion THB

Based on the latest financial reports, TOA Paint (Thailand) Public Company Limited (TOA) has net assets worth ฿14.40 Billion THB as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿20.61 Billion) and total liabilities (฿6.22 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ฿14.40 Billion
% of Total Assets 69.83%
Annual Growth Rate 14.44%
5-Year Change 25.99%
10-Year Change 157.77%
Growth Volatility 295.51

TOA Paint (Thailand) Public Company Limited - Net Assets Trend (2014–2024)

This chart illustrates how TOA Paint (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for TOA Paint (Thailand) Public Company Limited (2014–2024)

The table below shows the annual net assets of TOA Paint (Thailand) Public Company Limited from 2014 to 2024.

Year Net Assets Change
2024-12-31 ฿14.37 Billion -3.02%
2023-12-31 ฿14.82 Billion +9.89%
2022-12-31 ฿13.48 Billion +8.30%
2021-12-31 ฿12.45 Billion +9.17%
2020-12-31 ฿11.41 Billion +7.46%
2019-12-31 ฿10.61 Billion +13.34%
2018-12-31 ฿9.36 Billion +11.30%
2017-12-31 ฿8.41 Billion +981.34%
2016-12-31 ฿778.02 Million -86.04%
2015-12-31 ฿5.57 Billion +49.50%
2014-12-31 ฿3.73 Billion --

Equity Component Analysis

This analysis shows how different components contribute to TOA Paint (Thailand) Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 74.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ฿6.77 Billion 49.54%
Other Components ฿6.89 Billion 50.46%
Total Equity ฿13.66 Billion 100.00%

TOA Paint (Thailand) Public Company Limited Competitors by Market Cap

The table below lists competitors of TOA Paint (Thailand) Public Company Limited ranked by their market capitalization.

Company Market Cap
RIMINI STREET DL-0001
F:0QH
 		$117.45 Million
Ernst Russ AG
XETRA:HXCK
 		$117.49 Million
Lemtech Holdings Co Ltd
TW:4912
 		$117.50 Million
Chison Medical Technologies Co Ltd
SHG:688358
 		$117.53 Million
Varia US Properties Ltd
SW:VARN
 		$117.44 Million
Acme Electronics
TWO:8121
 		$117.42 Million
Paramount Gold Nevada Corp
NYSE MKT:PZG
 		$117.40 Million
ACT Energy Technologies Ltd.
TO:ACX
 		$117.33 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in TOA Paint (Thailand) Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 14,071,070,556 to 13,661,006,266, a change of -410,064,290 (-2.9%).
  • Net income of 1,919,603,646 contributed positively to equity growth.
  • Dividend payments of 1,247,949,908 reduced retained earnings.
  • Share repurchases of 818,603,760 reduced equity.
  • Other comprehensive income decreased equity by 202,900,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ฿1.92 Billion +14.05%
Dividends Paid ฿1.25 Billion -9.14%
Share Repurchases ฿818.60 Million -5.99%
Other Comprehensive Income ฿-202.90 Million -1.49%
Other Changes ฿-60.21 Million -0.44%
Total Change ฿- -2.91%

Book Value vs Market Value Analysis

This analysis compares TOA Paint (Thailand) Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.82x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 3.02x to 1.82x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2014-12-31 ฿4.14 ฿12.50 x
2015-12-31 ฿2.69 ฿12.50 x
2016-12-31 ฿0.52 ฿12.50 x
2017-12-31 ฿5.08 ฿12.50 x
2018-12-31 ฿4.64 ฿12.50 x
2019-12-31 ฿5.27 ฿12.50 x
2020-12-31 ฿5.63 ฿12.50 x
2021-12-31 ฿6.06 ฿12.50 x
2022-12-31 ฿6.31 ฿12.50 x
2023-12-31 ฿6.93 ฿12.50 x
2024-12-31 ฿6.86 ฿12.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently TOA Paint (Thailand) Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 14.05%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 9.08%
  • • Asset Turnover: 1.02x
  • • Equity Multiplier: 1.52x
  • Recent ROE (14.05%) is below the historical average (46.75%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2014 36.01% 8.02% 1.32x 3.39x ฿969.80 Million
2015 26.47% 8.64% 1.16x 2.64x ฿900.16 Million
2016 314.84% 15.51% 1.69x 12.01x ฿2.45 Billion
2017 20.26% 10.88% 1.12x 1.67x ฿866.12 Million
2018 19.37% 11.16% 1.09x 1.59x ฿882.92 Million
2019 20.23% 12.74% 1.08x 1.47x ฿1.09 Billion
2020 17.80% 12.46% 0.99x 1.44x ฿889.75 Million
2021 15.91% 11.13% 0.95x 1.51x ฿726.37 Million
2022 11.08% 6.86% 1.07x 1.51x ฿137.89 Million
2023 18.26% 11.55% 1.05x 1.51x ฿1.16 Billion
2024 14.05% 9.08% 1.02x 1.52x ฿553.50 Million

Industry Comparison

This section compares TOA Paint (Thailand) Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $2,156,388,219
  • Average return on equity (ROE) among peers: 1.42%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
TOA Paint (Thailand) Public Company Limited (TOA) ฿14.40 Billion 36.01% 0.43x $117.45 Million
Applied DB Public Company Limited (ADB) $647.79 Million 4.28% 0.42x $2.33 Million
Birla Carbon (Thailand) Public Company Limited (BCT) $5.97 Billion 15.61% 0.21x $88.78 Million
Bio Green Energy Tech PCL (BIOTEC) $748.50 Million -3.80% 2.09x $9.52 Million
Chememan Public Company Limited (CMAN) $2.42 Billion 5.62% 1.64x $29.40 Million
Salee Colour Public Company Limited (COLOR) $708.92 Million 4.70% 0.50x $7.47 Million
Dimet (Siam) Public Company Limited (DIMET) $279.57 Million -31.93% 0.41x $2.49 Million
Delta Paint PCL (DPAINT) $464.20 Million -35.55% 1.15x $161.80K
Eason & Co Public Company Limited (EASON) $695.00 Million 10.25% 0.22x $7.37 Million
Eastern Polymer Group Public Company Limited (EPG) $9.21 Billion 15.34% 0.37x $65.16 Million
Global Connections Public Company Limited (GC) $419.42 Million 29.63% 1.43x $20.11 Million