GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
T

TOA Paint Thailand PCL TOA.BK · THB

Materials · SET · 🇹🇭 Thailand

Compare

15.80

+3.27%

Close of 9 Nov 2026, in THB

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 21.59bn

FY2016FY2025

Net income

THB 2.92bn

FY2016FY2025

Free cash flow

THB 3.33bn

FY2016FY2025

Shareholders' equity

THB 14.50bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 21.59bnTHB 21.14bnTHB 22.24bnTHB 20.65bnTHB 17.57bnTHB 16.30bnTHB 16.98bnTHB 16.35bnTHB 15.72bnTHB 16.30bn
Gross profitTHB 8.15bnTHB 7.30bnTHB 7.53bnTHB 6.00bnTHB 5.75bnTHB 6.01bnTHB 5.95bnTHB 5.55bnTHB 5.37bnTHB 6.20bn
Operating incomeTHB 3.81bnTHB 2.67bnTHB 3.37bnTHB 2.17bnTHB 2.24bnTHB 2.63bnTHB 2.58bnTHB 2.31bnTHB 2.18bnTHB 3.21bn
Net incomeTHB 2.92bnTHB 1.92bnTHB 2.57bnTHB 1.42bnTHB 1.96bnTHB 2.03bnTHB 2.16bnTHB 1.82bnTHB 1.71bnTHB 2.53bn
Diluted earnings per share1.500.961.270.700.951.001.080.900.841.25

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 21.52bnTHB 20.76bnTHB 21.28bnTHB 19.34bnTHB 18.50bnTHB 16.49bnTHB 15.71bnTHB 14.94bnTHB 14.10bnTHB 9.64bn
Cash and short-term investmentsTHB 8.63bnTHB 7.30bnTHB 7.74bnTHB 6.32bnTHB 7.62bnTHB 6.64bnTHB 6.85bnTHB 6.35bnTHB 6.28bnTHB 2.16bn
Total liabilitiesTHB 6.33bnTHB 6.39bnTHB 6.46bnTHB 5.85bnTHB 6.05bnTHB 5.08bnTHB 5.09bnTHB 5.57bnTHB 5.68bnTHB 8.87bn
DebtTHB 510.4mTHB 1.27bnTHB 1.45bnTHB 1.24bnTHB 1.47bnTHB 1.30bnTHB 575.0mTHB 985.0mTHB 1.37bnTHB 3.89bn
Shareholders' equityTHB 14.50bnTHB 13.66bnTHB 14.07bnTHB 12.79bnTHB 12.29bnTHB 11.41bnTHB 10.69bnTHB 9.42bnTHB 8.44bnTHB 802.9m
Shares outstanding1,939m1,997m2,029m2,029m2,051m2,031m2,007m2,029m2,029m2,029m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 4.03bnTHB 2.85bnTHB 3.82bnTHB 1.37bnTHB 2.53bnTHB 1.97bnTHB 2.43bnTHB 2.00bnTHB 1.80bnTHB 2.77bn
Capital spending−THB 701.0m−THB 674.7m−THB 1.10bn−THB 562.3m−THB 388.5m−THB 472.8m−THB 751.7m−THB 838.5m−THB 385.5m−THB 544.3m
Free cash flowTHB 3.33bnTHB 2.18bnTHB 2.72bnTHB 807.5mTHB 2.14bnTHB 1.50bnTHB 1.68bnTHB 1.16bnTHB 1.42bnTHB 2.23bn
Dividends paid−THB 1.06bn−THB 1.25bn−THB 1.18bn−THB 892.8m−THB 1.16bn−THB 1.10bn−THB 831.9m−THB 710.1m−THB 1.50bn−THB 6.53bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 5.58bnTHB 5.63bnTHB 5.53bnTHB 5.27bnTHB 5.37bnTHB 5.42bnTHB 5.23bnTHB 5.07bn
Gross profitTHB 2.24bnTHB 2.27bnTHB 2.24bnTHB 2.00bnTHB 2.04bnTHB 2.02bnTHB 1.78bnTHB 1.72bn
Operating incomeTHB 1.02bnTHB 1.13bnTHB 1.07bnTHB 862.6mTHB 845.7mTHB 941.2mTHB 627.7mTHB 304.4m
Net incomeTHB 717.7mTHB 953.2mTHB 844.4mTHB 687.7mTHB 651.8mTHB 733.1mTHB 450.7mTHB 187.9m
Diluted earnings per share0.370.490.440.350.340.380.230.09
Cash from operationsTHB 908.0mTHB 1.19bnTHB 1.39bnTHB 780.0mTHB 940.0mTHB 888.0mTHB 917.0mTHB 690.0m
Capital spending−THB 108.0m−THB 102.0m−THB 118.0m−THB 266.0m−THB 187.0m−THB 132.0m−THB 168.0m−THB 181.0m
Free cash flowTHB 800.0mTHB 1.09bnTHB 1.27bnTHB 514.0mTHB 753.0mTHB 756.0mTHB 749.0mTHB 509.0m
Total assetsTHB 23.47bnTHB 22.86bnTHB 21.52bnTHB 20.61bnTHB 20.94bnTHB 20.76bnTHB 20.76bnTHB 20.18bn
Cash and short-term investmentsTHB 9.74bnTHB 9.70bnTHB 8.63bnTHB 7.43bnTHB 7.60bnTHB 7.44bnTHB 7.30bnTHB 6.75bn
DebtTHB 376.4mTHB 459.2mTHB 716.5mTHB 579.6mTHB 556.2mTHB 530.5mTHB 479.4mTHB 483.1m
Shareholders' equityTHB 15.50bnTHB 15.52bnTHB 14.50bnTHB 13.71bnTHB 13.72bnTHB 13.75bnTHB 13.66bnTHB 13.35bn

Financial ratios

Data as of 24 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2015FY2014
Gross margin37.7%34.6%33.9%29.1%32.7%36.9%——
Operating margin17.6%12.6%15.2%10.5%12.8%16.1%——
Net margin13.5%9.1%11.6%6.9%11.1%12.5%——
Return on equity20.1%14.1%18.3%11.1%15.9%17.8%——
Return on assets13.6%9.2%12.1%7.3%10.6%12.3%——
Free cash flow yield15.9%11.5%15.8%6.2%9.3%7.9%——
Revenue growth2.1%-4.9%7.7%17.5%7.8%-4.0%——
Earnings growth52.0%-25.3%81.3%-27.5%-3.7%-6.1%——
Current ratio3.03x2.87x3.00x3.04x3.00x3.25x——
Debt to equity0.04x0.04x0.04x0.03x0.04x0.03x——
Equity ratio67.4%65.8%66.1%66.2%66.4%69.2%——
Interest coverage88.28x48.39x80.46x56.77x64.46x67.76x——
R&D as a share of sales——————0.4%0.4%
Buybacks as a share of market value2.9%1.6%0.0%1.1%-1.0%-1.2%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue1.5%5.8%2.6%
Operating income20.6%7.7%4.3%
Net income27.2%7.5%7.3%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin36.2%33.9%34.1%34.6%
Operating margin15.2%14.0%14.1%14.7%
Net margin11.3%10.3%10.7%11.2%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings9.015.617.948.333.633.536.436.738.6
Price to sales1.21.42.13.33.74.24.64.14.2

Dividends and splits

Per share, in the currency the company pays

Paid for 8 years. Last went ex-dividend on 6 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.390.630.680.580.440.570.540.41

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.