TOA Paint (Thailand) Public Company Limited (TOA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TOA Paint (Thailand) Public Company Limited stock THB 15.97, price THB 15.30, upside +4.4%, quality 82 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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TOA Paint (Thailand) Public Company Limited
TOA · BKThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 8.79 THB – 32.40 THB · fair‑value band 12.82 THB – 20.67 THB · the 15.30 THB price screens below the 15.97 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
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.
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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.
Stock analysis
TOA Paint (Thailand) Public Company Limited (TOA) currently trades at 15.30 THB, while our model-based Fair Value estimate is 15.97 THB, so the stock looks roughly fairly valued today (gap 4.2%).
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Valuation
Bull case: the Multiples group reads highest at a median of 23.14 THB per share, and 20 of the 24 models we run sit above the 15.30 THB price.
Bear case: the Asset-Based group reads lowest at 4.19 THB, and 4 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 12.82 THB (bear) to 20.67 THB (bull), the price of 15.30 THB sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 82/100 (high quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
TOA Paint (Thailand) Public Company Limited 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.
Key figures
Market cap 29.7B THB (≈ $884M) Small · P/E ratio 9.4 · P/S ratio 1.35 · EPS (TTM) 1.63 THB · Dividend yield 5.0% · Net margin 14.6% · Return on equity 21.2% · Return on assets (EBIT) 14.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 4%, TOA screens cheaper than that median.
Fair Value models
All 24 models by family
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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Compare TOA Paint (Thailand) Public Company Limited with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Specialty Chemicals · 727 stocks
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on equity by industry
- Quality Score by industry
- PEG screener for stocks with fair value
- Valuation of the Thailand market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Nan Ya Plastics Corporation 1303 | 239.50 TWD | 383.20 TWD | +60% | vs TOA |
| Wanhua Chemical Group 600309 | ¥72.65 | ¥68.03 | −6% | vs TOA |
| Linde plc LIN | $515.25 | $446.62 | −13% | vs TOA |
| PPG Industries, Inc PPG | $122.38 | $77.68 | −37% | vs TOA |
| DSM-Firmenich AG DSFIR | CHF 100.50 | CHF 57.70 | −43% | vs TOA |
| The Sherwin-Williams Company SHW | $344.10 | $146.37 | −57% | vs TOA |
| Givaudan SA GIVN | CHF 4,054 | CHF 1,554 | −62% | vs TOA |
| EMS-CHEMIE HOLDING AG EMSN | CHF 848.50 | CHF 284.63 | −66% | vs TOA |
| Ecolab Inc ECL | $300.68 | $96.56 | −68% | vs TOA |
| Air Products and Chemicals, Inc APD | $304.84 | $82.92 | −73% | vs TOA |
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Key figures of TOA Paint (Thailand) Public Company Limited
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