Company Summary
TOA TOA PAINT (THAILAND) PUBLIC COMPANY LIMITED
Property & Construction/Construction Materials
SETTHSI
CG Report:   
 
  Data as of 17 Aug 2022  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
30.00 35.50 / 25.00 40.08 4.79 2,029.00 60,870.00 65,637.44 1,356.10 24.93
News
Date/Time Subject
15 Aug 2022 18:38   Financial Performance Quarter 2 (F45) (Reviewed)
15 Aug 2022 17:57   Notification of interim dividend payment
15 Aug 2022 17:57   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2022
15 Aug 2022 17:56   Financial Statement Quarter 2/2022 (Reviewed)
12 Jul 2022 17:21   Report of the Utilization of Capital Increase from IPO
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Company Profile
Address 31/2 Moo 3, Bangna-Trad Road, Bang Sao Thong Samut Prakarn 10570
Telephone 0-2335-5555
Fax 0-2312-8919
URL http://www.toagroup.com
  Annual Report 2021
Establish Date 1964 Listed Date 10/10/2017
IPO Price (Baht) 24.00 @Par1.00 Baht
IPO Financial Advisory
  • KASIKORN SECURITIES PUBLIC COMPANY LIMITED
  • BUALUANG SECURITIES PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change N/A

    Business
    The company manufactures and distributes paint and coating products for end users. The main products are classified into 2 categories:1. Decorative Paint and Coating Products 2. Non-Decorative Paint and Coating Products such as construction chemical products, heavy duty coating products, and other non-decorative paint products

    Free Float 14 Mar 2022 15 Mar 2021
    % /Shareholders
    25.02% 7,896 25.02% 6,739
    Foreign Shareholders 7.41% (As of 17/08/2022) Foreign Limit 49.00%
    NVDR Shareholders  1.30% (As of 17/08/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 4.35 4.31 3.02
    20 Days 11.11 9.46 3.90
    60 Days 7.14 5.14 5.49
    120 Days - 8.70 4.38
    YTD -6.25 -0.62 -5.23
    P/E (X) 40.08 12.85 18.06
    P/BV (X) 4.79 1.28 1.64
    Turnover Ratio (%) 0.18 0.12 0.87

    Top 10 Major Shareholders(@06 May 2022) Share %
    1. TOA GROUP HOLDING CO., LTD. 608,400,000 29.99
    2. นาย วนรัชต์ ตั้งคารวคุณ 182,600,000 9.00
    3. นาย ณัฏฐวุฒิ ตั้งคารวคุณ 182,600,000 9.00
    4. นาง บุศทรี หวั่งหลี 182,600,000 9.00
    5. นาย จตุภัทร์ ตั้งคารวคุณ 182,600,000 9.00
    6. นาย ประจักษ์ ตั้งคารวคุณ 91,300,000 4.50
    7. นาง ละออ ตั้งคารวคุณ 91,300,000 4.50
    8. MORGAN STANLEY & CO. INTERNATIONAL PLC 75,300,000 3.71
    9. กองทุนเปิด บัวหลวงหุ้นระยะยาว 53,115,500 2.62
    10. กองทุนเปิด บัวหลวงทศพล 33,659,800 1.66

    Management Position
    1. Mr. PRACHAK TANGKARAVAKOON CHAIRMAN
    2. Mr. JATUPHAT TANGKARAVAKOON CHAIRMAN OF THE EXECUTIVE COMMITTEE / CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mrs. LA-OR TANGKARAVAKOON VICE CHAIRMAN
    4. Mr. VONNARAT TANGKARAVAKOON DIRECTOR
    5. Mr. NATTAVUTH TANGKARAVAKOON DIRECTOR
    6. Mrs. BUSATREE WANGLEE DIRECTOR
    7. MRS. PRISANA PRAHARNKHASUK INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    8. Mrs. CHANATIP WEERASUBPONG INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    9. Mr. VEERASAK KOSITPAISAL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    17 Aug 2022
    2021
    30 Dec 2021
    2020
    30 Dec 2020
    Listed share (M.) 2,029.00  2,029.00  2,029.00 
    Market Cap (MB.) 60,870.00  64,928.00  67,971.50 
    Price (B./share) 30.00  32.00  33.50 
    BVPS (B./Share) 6.26  5.87  5.44 
    P/BV (X) 4.79  5.46  6.16 
    P/E (X) 40.08  32.87  33.22 
    Turnover Ratio (%) 7.98  32.30  28.77 
    Value Trade/Day (MB.) 31.31  91.82  85.50 
    Beta 0.70  0.64  0.75 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -6.25  -4.48  -14.65 
    Dividend Yield (%) 1.67  1.66  1.49 
    Payout Ratio 0.67  0.59  0.54 
    Dividend Policy Not less than 40% of the Company?s separate net profits after deducting corporate income tax and other reserve funds as required by law and as determined by the Company (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jul 2021 - 31 Dec 2021 0.19 Baht 23 May 2022 Cash
    01 Jan 2021 - 30 Jun 2021 0.31 Baht 10 Sep 2021 Cash
    01 Jul 2020 - 31 Dec 2020 0.26 Baht 21 May 2021 Cash
    01 Jan 2020 - 30 Jun 2020 0.27 Baht 11 Sep 2020 Cash
    01 Jul 2019 - 31 Dec 2019 0.27 Baht 23 Apr 2020 Cash
    01 Jan 2019 - 30 Jun 2019 0.23 Baht 12 Sep 2019 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MR. PAIBOON TUNKOON/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MISS NOPANUCH APICHATSATIEN/PRICEWATERHOUSE COOPERS ABAS LIMITED
    Ms. SANICHA AKARAKITTILAP/PRICEWATERHOUSE COOPERS ABAS LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 6M/2022 
    (01/01/22 
    -30/06/22) 
    6M/2021 
    (01/01/21 
    -30/06/21) 
    2021 
    (01/01/21 
    -31/12/21) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Cash And Cash Equivalents 2,167.19 3,070.93 3,011.17 2,419.78 1,590.85
    A/R Net 3,631.29 3,260.97 3,237.06 2,912.60 3,037.38
    Inventories 3,281.90 2,460.44 2,619.37 2,162.99 2,212.08
    Current Assets 14,066.85 13,803.72 13,755.48 11,986.51 12,334.30
    PP&E Net 3,142.69 2,705.83 2,704.56 2,691.05 2,756.60
    Non-Current Assets 5,570.13 4,580.59 4,741.11 4,499.78 3,372.39
    Total Assets 19,636.99 18,384.31 18,496.60 16,486.29 15,706.68
    OD 102.87 254.83 289.08 200.00 575.00
    A/P Net 4,394.70 4,023.27 3,830.71 2,975.25 3,752.32
    Current portion of LT - 2.31 0.12 - -
    Current Liabilities 5,001.45 4,849.15 4,587.57 3,689.98 4,674.04
    Non-Current Liabilities 1,416.98 1,368.28 1,457.97 1,390.89 419.16
    Total Liabilities 6,418.43 6,217.43 6,045.53 5,080.88 5,093.20
    Authorized Capital 2,029.00 2,029.00 2,029.00 2,029.00 -
    Paid-Up Capital 2,029.00 2,029.00 2,029.00 2,029.00 2,029.00
    Premium (Discount) on Share Capital 5,761.53 5,761.53 5,761.53 5,761.53 5,761.53
    Retained Earnings (Deficit) 5,705.33 5,201.27 5,312.98 4,514.44 3,647.37
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity -793.50 -855.17 -816.73 -890.86 -748.92
     - Surplus (Deficits) - - - - -
    Shareholders' Equity 12,702.36 12,136.62 12,286.79 11,414.11 10,688.98
    Minority Interest 516.19 30.25 164.27 -8.70 -75.50
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    Statement of Comprehensive Income (MB.) 6M/2022 
    (01/01/22 
    -30/06/22) 
    6M/2021 
    (01/01/21 
    -30/06/21) 
    2021 
    (01/01/21 
    -31/12/21) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Revenue From Operations 10,166.32 8,918.40 17,570.47 16,296.00 16,978.30
    Other Income 59.12 57.60 114.91 127.47 102.19
    Total Revenues 10,231.60 8,992.89 17,708.04 16,438.20 17,092.55
    Costs 7,152.70 5,786.03 11,823.35 10,286.87 11,026.14
    Selling And Administrative Expenses 1,899.31 1,735.99 3,515.56 3,510.06 3,361.86
    Total Cost And Expenses 9,052.01 7,522.02 15,338.91 13,832.17 14,388.00
    EBITDA 1,356.10 1,828.10 3,104.60 3,191.46 3,098.59
    Depre. & Amor. 318.73 302.18 615.48 557.48 368.88
    EBIT 1,037.37 1,525.92 2,489.12 2,633.98 2,729.71
    Net Profit : Owners Of The Parent 777.86 1,214.37 1,955.05 2,031.16 2,162.48
    EPS (B.) 0.38 0.60 0.96 1.00 1.07
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    Statement of Cash Flow (MB.) 6M/2022 
    (01/01/22 
    -30/06/22) 
    6M/2021 
    (01/01/21 
    -30/06/21) 
    2021 
    (01/01/21 
    -31/12/21) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Operating Cash Flow 1,017.13 1,978.85 2,529.65 1,969.45 2,429.92
    Investing Cash Flow -1,212.83 -732.09 -743.93 561.02 -1,392.65
    Financing Cash Flow -679.01 -641.16 -1,225.43 -1,682.66 -1,260.56
    Net Cash Flow -874.71 605.60 560.29 847.81 -223.30
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    Annualized: ROE, ROA
    Ratios 6M/2022  6M/2021  2021  2020 
    Current Ratio (X) 2.81 2.85 3.00 3.25
    ROE (%) 12.23 19.26 16.50 18.38
    ROA (%) 10.52 16.05 14.23 16.36
    D/E (X) 0.49 0.51 0.49 0.45
    Total Asset Turnover (X) 1.00 0.98 1.01 1.02
    Gross Profit Margin (%) 29.64 35.12 32.71 36.87
    EBIT Margin (%) 10.14 16.97 14.06 16.02
    Net Profit Margin (%) 7.57 13.32 10.88 12.32

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    No Information Found

    Growth Rate (%) 6M/2022  6M/2021  2021  2020 
    Sales Growth 13.99 10.00 7.82 -4.02
    COGs Growth 23.62 13.46 14.94 -6.70
    Total Revenue Growth 13.77 9.96 7.72 -3.83
    Total Expense Growth 20.34 9.08 10.89 -3.86
    Net Profit Growth -35.95 19.69 -3.75 -6.07

    Annualized
    Cash Cycle 6M/2022  6M/2021  2021  2020 
    A/R Turnover (Times) 5.46 5.49 5.71 5.48
    Avg. Collection Period (Days) 66.84 66.51 63.87 66.63
    Inventory Turnover (Times) 4.59 4.64 4.94 4.70
    Avg. Inventory Period (Days) 79.45 78.64 73.82 77.62
    A/P Turnover (Times) 3.13 2.97 3.47 3.06
    Avg. Payment Period (Days) 116.47 123.05 105.05 119.35
    Cash Cycle (Days) 29.82 22.11 32.64 24.90


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
    No Information Found
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    Only Preferred Share and Warrants
    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
     
    Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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