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T

Thai Wah PCL TWPC.BK · THB

Consumer Staples · SET · 🇹🇭 Thailand

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2.40

-0.83%

Close of 9 Nov 2026, in THB

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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 9.21bn

FY2016FY2025

Net income

THB 155.9m

FY2016FY2025

Free cash flow

THB 525.8m

FY2016FY2025

Shareholders' equity

THB 4.82bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 9.21bnTHB 10.04bnTHB 10.23bnTHB 10.42bnTHB 9.11bnTHB 7.09bnTHB 7.32bnTHB 7.25bnTHB 6.27bnTHB 6.16bn
Gross profitTHB 1.87bnTHB 1.51bnTHB 1.54bnTHB 1.86bnTHB 1.80bnTHB 1.11bnTHB 1.19bnTHB 1.18bnTHB 1.38bnTHB 1.56bn
Operating incomeTHB 300.8mTHB 29.5mTHB 117.0mTHB 423.9mTHB 493.2mTHB 56.3mTHB 128.4mTHB 225.4mTHB 655.5mTHB 905.7m
Net incomeTHB 155.9m−THB 71.4mTHB 47.3mTHB 298.2mTHB 323.0mTHB 38.3mTHB 93.9mTHB 196.9mTHB 492.9mTHB 669.0m
Diluted earnings per share0.18-0.080.050.340.370.040.110.220.560.76

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 8.11bnTHB 8.52bnTHB 9.40bnTHB 8.72bnTHB 8.60bnTHB 8.12bnTHB 7.87bnTHB 7.07bnTHB 7.12bnTHB 6.40bn
Cash and short-term investmentsTHB 1.02bnTHB 1.02bnTHB 1.23bnTHB 1.22bnTHB 1.43bnTHB 1.47bnTHB 1.24bnTHB 1.29bnTHB 1.29bnTHB 1.33bn
Total liabilitiesTHB 2.55bnTHB 3.36bnTHB 4.01bnTHB 3.08bnTHB 3.07bnTHB 2.91bnTHB 2.57bnTHB 1.21bnTHB 1.21bnTHB 1.06bn
DebtTHB 1.29bnTHB 2.13bnTHB 2.74bnTHB 1.78bnTHB 1.74bnTHB 1.77bnTHB 1.45bnTHB 235.2mTHB 204.9mTHB 184.8m
Shareholders' equityTHB 4.82bnTHB 4.83bnTHB 5.05bnTHB 5.27bnTHB 5.16bnTHB 4.89bnTHB 5.02bnTHB 5.30bnTHB 5.35bnTHB 5.10bn
Shares outstanding880m880m880m880m880m880m880m880m880m880m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 867.9mTHB 1.08bnTHB 21.2mTHB 677.0mTHB 441.6mTHB 571.2mTHB 466.0mTHB 205.2mTHB 654.6mTHB 670.8m
Capital spending−THB 342.0m−THB 430.2m−THB 642.3m−THB 526.3m−THB 314.8m−THB 244.1m−THB 1.23bn−THB 508.4m−THB 454.4m−THB 408.3m
Free cash flowTHB 525.8mTHB 648.7m−THB 621.1mTHB 150.7mTHB 126.8mTHB 327.2m−THB 763.5m−THB 303.2mTHB 200.2mTHB 262.5m
Dividends paid−THB 50.1m−THB 80.0m−THB 189.8m−THB 189.9m−THB 117.9m−THB 117.8m−THB 282.7m−THB 281.6m−THB 184.7m−THB 316.7m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 2.34bnTHB 2.42bnTHB 2.34bnTHB 2.27bnTHB 2.30bnTHB 2.30bnTHB 2.61bnTHB 2.41bn
Gross profitTHB 388.0mTHB 513.2mTHB 376.6mTHB 449.2mTHB 487.2mTHB 561.9mTHB 455.5mTHB 269.2m
Operating incomeTHB 21.3mTHB 150.0mTHB 21.3mTHB 62.3mTHB 96.1mTHB 155.3mTHB 45.9m−THB 97.2m
Net incomeTHB 18.1mTHB 121.2m−THB 98,974THB 17.7mTHB 67.6mTHB 70.7m−THB 3.7m−THB 73.5m
Diluted earnings per share0.020.14-0.000.020.080.08-0.00-0.08
Cash from operations−THB 7.0m−THB 117.0mTHB 259.0mTHB 211.0mTHB 401.0mTHB 31.0mTHB 149.0mTHB 803.0m
Capital spending−THB 243.0m−THB 172.0m−THB 130.0m−THB 103.0m−THB 59.0m−THB 55.0m−THB 115.0m−THB 74.0m
Free cash flow−THB 250.0m−THB 289.0mTHB 129.0mTHB 108.0mTHB 342.0m−THB 24.0mTHB 34.0mTHB 729.0m
Total assetsTHB 9.08bnTHB 8.80bnTHB 8.11bnTHB 8.41bnTHB 8.47bnTHB 8.79bnTHB 8.52bnTHB 8.43bn
Cash and short-term investmentsTHB 1.12bnTHB 1.08bnTHB 1.02bnTHB 1.13bnTHB 1.09bnTHB 1.07bnTHB 1.02bnTHB 995.0m
DebtTHB 1.98bnTHB 1.57bnTHB 1.27bnTHB 1.45bnTHB 1.52bnTHB 1.67bnTHB 2.04bnTHB 2.03bn
Shareholders' equityTHB 4.90bnTHB 4.98bnTHB 4.82bnTHB 4.85bnTHB 4.86bnTHB 4.92bnTHB 4.83bnTHB 4.80bn

Financial ratios

Data as of 26 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin20.4%15.0%15.1%17.8%19.7%15.7%
Operating margin2.7%0.3%1.1%4.1%5.4%1.6%
Net margin1.7%-0.7%0.5%2.9%3.5%0.5%
Return on equity3.2%-1.5%0.9%5.7%6.3%0.8%
Return on assets1.9%-0.8%0.5%3.4%3.8%0.5%
Free cash flow yield54.1%67.5%29.7%53.8%33.8%36.5%
Revenue growth-8.3%-1.9%-1.8%14.4%28.4%-3.2%
Earnings growth-318.4%-251.1%-84.2%-7.7%744.2%-59.2%
Current ratio2.19x1.80x1.77x2.57x1.82x3.51x
Debt to equity0.26x0.42x0.52x0.31x0.31x0.32x
Equity ratio59.4%56.7%53.7%60.4%60.0%60.3%
Interest coverage4.51x0.32x1.51x7.06x7.38x1.65x
Buybacks as a share of market value0.0%0.0%0.0%0.0%0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-4.0%5.4%20.8%
Operating income-10.8%39.8%9.6%
Net income-19.4%32.4%6.8%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin17.6%17.0%17.3%18.1%
Operating margin1.7%2.2%2.5%4.1%
Net margin0.4%1.1%1.4%2.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings16.4-32.874.215.315.188.839.237.116.712.3
Price to sales0.30.20.30.40.50.50.51.01.31.3

Dividends and splits

Per share, in the currency the company pays

Paid for 10 years. Last went ex-dividend on 28 Apr 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year0.0570.0910.2160.2160.1340.1340.320.32

Sources and methodology

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

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