TOA Paint (Thailand) PCL Ratios and Metrics

Market cap in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	30,436	26,365	29,877	45,855	68,479	64,928
Market Cap Growth	22.20%	-11.76%	-34.85%	-33.04%	5.47%	-4.48%
Enterprise Value	24,979	20,908	25,139	40,845	63,974	59,109
Last Close Price	15.70	13.60	14.24	20.79	30.41	28.40
PE Ratio	10.47	9.04	15.56	17.85	48.32	33.21
Forward PE	9.94	9.86	12.27	17.13	34.47	29.77
PS Ratio	1.41	1.22	1.41	2.06	3.32	3.70
PB Ratio	2.00	1.74	2.08	3.10	5.08	5.22
P/TBV Ratio	2.16	1.87	2.27	3.40	5.62	5.42
P/FCF Ratio	9.26	8.03	13.62	16.68	80.37	28.73
P/OCF Ratio	7.64	6.61	10.47	12.01	49.77	25.67
PEG Ratio	-	2.25	2.25	2.25	2.25	2.25
EV/Sales Ratio	1.16	0.97	1.19	1.83	3.10	3.36
EV/EBITDA Ratio	5.49	4.60	7.57	11.14	26.38	22.61
EV/EBIT Ratio	6.56	5.49	8.90	12.68	32.07	26.41
EV/FCF Ratio	7.60	6.36	11.46	14.85	75.09	26.16
Debt / Equity Ratio	0.08	0.08	0.09	0.10	0.09	0.12
Debt / EBITDA Ratio	0.25	0.25	0.36	0.37	0.47	0.53
Debt / FCF Ratio	0.35	0.35	0.58	0.53	1.45	0.65
Net Debt / Equity Ratio	-0.17	-0.17	-0.42	-0.42	-0.38	-0.49
Net Debt / EBITDA Ratio	-0.58	-0.58	-1.82	-1.71	-2.10	-2.35
Net Debt / FCF Ratio	-0.80	-0.80	-2.75	-2.29	-5.97	-2.72
Asset Turnover	1.02	1.02	1.01	1.10	1.09	1.00
Inventory Turnover	4.38	4.38	4.62	4.82	4.96	4.95
Quick Ratio	1.41	1.41	2.12	2.33	2.24	2.36
Current Ratio	3.03	3.03	2.87	3.00	3.04	3.00
Return on Equity (ROE)	19.94%	19.94%	13.53%	18.63%	11.05%	16.15%
Return on Assets (ROA)	11.25%	11.25%	8.40%	9.91%	6.59%	8.00%
Return on Invested Capital (ROIC)	29.56%	29.45%	25.26%	30.12%	20.62%	28.41%
Return on Capital Employed (ROCE)	23.00%	23.00%	17.80%	19.70%	13.40%	16.10%
Earnings Yield	9.58%	11.06%	6.42%	5.60%	2.07%	3.01%
FCF Yield	10.79%	12.46%	7.34%	6.00%	1.24%	3.48%
Dividend Yield	3.80%	-	4.21%	3.27%	1.64%	1.76%
Payout Ratio	36.49%	36.49%	65.01%	45.80%	63.00%	59.16%
Buyback Yield / Dilution	2.75%	3.14%	1.05%	-	-	-
Total Shareholder Return	6.54%	3.14%	5.26%	3.27%	1.64%	1.76%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.