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TOA Paint Thailand PCL
SET:TOA

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TOA Paint Thailand PCL
SET:TOA
Watchlist
Price: 12.7 THB Market Closed
Market Cap: ฿25.8B

P/B

1.7
Current
36%
Cheaper
vs 3-y average of 2.7

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.7
=
Market Cap
฿24.4B
/
Total Equity
฿14.5B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.7
=
Market Cap
฿24.4B
/
Total Equity
฿14.5B

Valuation Scenarios

TOA Paint Thailand PCL is trading below its 3-year average

If P/B returns to its 3-Year Average (2.7), the stock would be worth ฿19.82 (56% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-66%
Maximum Upside
+131%
Average Upside
20%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.7 ฿12.7
0%
3-Year Average 2.7 ฿19.82
+56%
5-Year Average 3.9 ฿29.35
+131%
Industry Average 0.6 ฿4.31
-66%
Country Average 1 ฿7.56
-40%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
TH
T
TOA Paint Thailand PCL
SET:TOA
Average P/E: 71.8
8.4
2%
4.2
SA
Saudi Basic Industries Corporation SJSC
SAU:2010
Negative Multiple: -8.8 N/A N/A
ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
41.8
N/A N/A
ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
28.4
N/A N/A
US
Dow Inc
NYSE:DOW
Negative Multiple: -10.5 N/A N/A
CN
Hengli Petrochemical Co Ltd
SSE:600346
19
N/A N/A
UK
LyondellBasell Industries NV
NYSE:LYB
Negative Multiple: -29.9 N/A N/A
TW
Nan Ya Plastics Corp
TWSE:1303
149.5
138%
1.1
KR
LG Chem Ltd
KRX:051910
Negative Multiple: -16.8 N/A N/A
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
161.3
82%
2
IN
Solar Industries India Ltd
NSE:SOLARINDS
93.9
30%
3.1

Market Distribution

Higher than 71% of companies in Thailand
Percentile
71st
Based on 398 companies
71st percentile
1.7
Low
0.1 — 0.7
Typical Range
0.7 — 1.6
High
1.6 —
Distribution Statistics
Thailand
Min 0.1
30th Percentile 0.7
Median 1
70th Percentile 1.6
Max 30.3

TOA Paint Thailand PCL
Glance View

Market Cap
25.8B THB
Industry
Chemicals

TOA Paint (Thailand) Public Co. Ltd. engages in the provision of paint and coating services to the industrial and home sector. The company is headquartered in Samut Prakan, Samut Prakan. The company went IPO on 2017-10-10. The firm classifies its decorative paint and coating products into three main categories, such as premium grade paints and coatings, medium to economy grade paints and coatings, and other decorative products. The firm produces and distributes decorative paint topcoats (both emulsion paints and enamel paints), sealers, or primers, including anti-rust primers. The company categorizes the non-decorative paint and coating products into construction chemicals products, heavy-duty coating products, and other non-decorative paint products. The company sells its various products through distribution networks, such as retail dealers, modern trade, and other channels. The firm also distributes its products through other channels consisting of projects, exports, and related companies.

TOA Intrinsic Value
21.68 THB
Undervaluation 41%
Intrinsic Value
Price ฿12.7
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