TOA Paint (Thailand)'s earnings are forecast to decline at 0.7% per annum while its annual revenue is expected to grow at 3.6% per year. EPS is expected to decline by 2.2% per annum. Return on equity is forecast to be 17.1% in 3 years.
Key information
-0.7%
Earnings growth rate
-2.15%
EPS growth rate
Chemicals earnings growth
62.5%
Revenue growth rate
3.6%
Future return on equity
17.11%
Analyst coverage
Low
Last updated
24 May 2026
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
SET:TOA-R - Analysts future estimates and past financials data (THB Millions)
Date
Revenue
Earnings
Free Cash Flow
Cash from Op
Avg. No. Analysts
12/31/2028
23,882
2,966
3,204
3,854
2
12/31/2027
23,058
2,809
2,951
3,563
2
12/31/2026
21,921
2,588
2,827
3,418
2
3/31/2026
21,790
3,137
3,591
4,275
N/A
12/31/2025
21,589
2,917
3,275
3,986
N/A
9/30/2025
21,289
2,523
2,773
3,527
N/A
6/30/2025
21,096
2,023
2,768
3,437
N/A
3/31/2025
21,130
1,849
2,011
2,690
N/A
12/31/2024
21,140
1,920
2,179
2,854
N/A
9/30/2024
21,670
2,014
1,959
2,651
N/A
6/30/2024
21,995
2,477
1,888
2,651
N/A
3/31/2024
22,056
2,741
2,429
3,595
N/A
12/31/2023
22,279
2,569
2,717
3,817
N/A
9/30/2023
21,963
2,316
2,307
3,376
N/A
6/30/2023
21,604
2,016
1,783
2,744
N/A
3/31/2023
21,343
1,640
1,642
2,167
N/A
12/31/2022
20,649
1,417
814
1,376
N/A
9/30/2022
19,876
1,598
894
1,421
N/A
6/30/2022
18,818
1,515
1,133
1,594
N/A
3/31/2022
18,114
1,694
1,277
1,697
N/A
12/31/2021
17,570
1,955
2,141
2,530
N/A
9/30/2021
17,065
1,976
2,204
2,568
N/A
6/30/2021
17,106
2,231
2,544
2,941
N/A
3/31/2021
16,617
2,280
2,179
2,559
N/A
12/31/2020
16,296
2,031
1,497
1,969
N/A
9/30/2020
16,546
2,046
1,999
2,416
N/A
6/30/2020
16,586
2,065
1,487
2,096
N/A
3/31/2020
16,745
1,950
1,836
2,589
N/A
12/31/2019
16,978
2,162
N/A
2,410
N/A
9/30/2019
16,853
2,092
N/A
2,589
N/A
6/30/2019
16,793
1,950
N/A
2,386
N/A
3/31/2019
16,462
1,918
N/A
1,798
N/A
12/31/2018
16,348
1,825
N/A
1,998
N/A
9/30/2018
16,356
1,854
N/A
1,702
N/A
6/30/2018
16,117
1,803
N/A
1,911
N/A
3/31/2018
16,068
1,754
N/A
2,139
N/A
12/31/2017
15,825
1,710
N/A
1,804
N/A
9/30/2017
15,662
1,771
N/A
2,392
N/A
6/30/2017
15,820
2,010
N/A
2,519
N/A
3/31/2017
16,223
2,266
N/A
2,467
N/A
12/31/2016
16,529
2,526
N/A
2,775
N/A
12/31/2015
17,035
990
N/A
3,101
N/A
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TOA-R's earnings are forecast to decline over the next 3 years (-0.7% per year).
Earnings vs Market: TOA-R's earnings are forecast to decline over the next 3 years (-0.7% per year).
High Growth Earnings: TOA-R's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TOA-R's revenue (3.6% per year) is forecast to grow slower than the TH market (9.9% per year).
High Growth Revenue: TOA-R's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TOA-R's Return on Equity is forecast to be low in 3 years time (17.1%).
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/21 02:46
End of Day Share Price
2026/06/19 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
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Analyst Sources
TOA Paint (Thailand) Public Company Limited is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.