Other Items - Tong Hua Holding PCL (SET:TH)

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Price: 0.44 THB Market Closed

Market Cap: ฿439.3m

Tong Hua Holding PCL
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Tong Hua Holding PCL
Other Items Peer Comparison

Company		Other Items	CAGR 3Y	CAGR 5Y	CAGR 10Y
T	Tong Hua Holding PCL SET:TH	Other Items ฿995.5k	CAGR 3-Years -60%	CAGR 5-Years N/A	CAGR 10-Years -48%
A	Addtech Hub PCL SET:ADD	Other Items -฿80.2m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
A	Amarin Printing and Publishing PCL SET:AMARIN	Other Items ฿471.4m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years 4%
M	Matichon PCL SET:MATI	Other Items ฿89.5m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years 2%
N	Nation Group (Thailand) PCL SET:NATION	Other Items ฿5.7m	CAGR 3-Years N/A	CAGR 5-Years -67%	CAGR 10-Years N/A
S	Super Turtle PCL SET:TURTLE	Other Items ฿1.6B	CAGR 3-Years 128%	CAGR 5-Years 147%	CAGR 10-Years N/A

Tong Hua Holding PCL
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Market Cap

439.3m THB

Industry

Media

Tong Hua Holding Public Co., Ltd. engages in the production and distribution of newspapers. The company is headquartered in Bangkok, Bangkok Metropolis. The firm and its subsidiaries are engaged in investment business, short-term fund and factoring services, producing and distributing newspaper, advertising, publishing and printing services, and space rental, and asset management. The firm's subsidiaries are Tong Hua Media Lab Company Limited, Tong Hua Capital Co., Ltd., Tong Hua Assets Co., Ltd., and Tong Hua Asset Management Co., Ltd.

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Tong Hua Holding PCL
SET:TH

Tong Hua Holding PCL
Other Items

Tong Hua Holding PCL
Other Items Peer Comparison

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Tong Hua Holding PCL
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What is Tong Hua Holding PCL's Other Items?

Other Items
995.5k THB

What is Tong Hua Holding PCL's Other Items growth rate?

Other Items CAGR 10Y
-48%

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Tong Hua Holding PCL SET:TH

Tong Hua Holding PCL Other Items

Tong Hua Holding PCL Other Items Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Tong Hua Holding PCL Glance View

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What is Tong Hua Holding PCL's Other Items? Other Items 995.5k THB

What is Tong Hua Holding PCL's Other Items growth rate? Other Items CAGR 10Y -48%

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Tong Hua Holding PCL
SET:TH

Tong Hua Holding PCL
Other Items

Tong Hua Holding PCL
Other Items Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Tong Hua Holding PCL
Glance View

What is Tong Hua Holding PCL's Other Items?

Other Items
995.5k THB

What is Tong Hua Holding PCL's Other Items growth rate?

Other Items CAGR 10Y
-48%