TOA Paint (Thailand) Public Company (TOA) Fair Value & Analysis
Basic Materials · TH · Market cap 29.7B THB
Fair value as of: Jul 15, 2026
From 24 valuation models · updated 26 days ago
Fair value updated Jul 15, 2026, revised from 24.49 THB to 19.16 THB (−21.8%) since Jun 24, 2026. Share price +10.2% over the past month.
A strong business, screening 18% undervalued on our models.
What matters now
- Our model range runs from 14.57 THB (bear) to 23.74 THB (bull), base 19.16 THB. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 83/100 (high quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range 8.79 THB – 32.40 THB · fair‑value band 14.57 THB – 23.74 THB · the 16.20 THB price screens below the 19.16 THB fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
TOA Paint (Thailand) Public Company (TOA) currently trades at 16.20 THB, while our model-based Fair Value estimate is 19.16 THB, implying the stock looks roughly 18.3% undervalued today. The Quality Score stands at 83/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, TOA Paint (Thailand) Public Company generated revenue of 21.8B THB at a net margin of 14.4%. Revenue grew 3.7% year over year. It earns a return on equity of 20.7%. The balance sheet holds a net cash position of 2.0B THB. Fundamentals as of Jul 15, 2026
Our scenario range runs from 14.57 THB (bear case) to 23.74 THB (bull case); at 16.20 THB, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 83% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 18%, TOA screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: DCF Models (25.10 THB) versus Asset-Based (5.01 THB). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 79 · Market factors (momentum, volatility) 76
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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. It offers construction chemicals, special paints, gypsum, hardware and power tools, and tile products, as well as decorative, metal, wood, and heavy-duty coatings. The company also provides painting services and calibration services for general laboratory instruments and specialized instruments for paint testing. In addition, it manufactures and distributes skim coat products. The company was founded in 1964 and is headquartered in Bang Sao Thong, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TOA Paint (Thailand) Public Company reported revenue of 21.6B THB in FY2025 versus 17.6B THB in FY2021, a compound +5.3%/yr. Reported net income was 2.9B THB in FY2025, compounding +10.5%/yr from FY2021.
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Peer Group
Specialty Chemicals · 676 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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