Thoresen Thai Agencies Public Company Limited (TTA.BK)
ValueMarkers Composite Index
62% below intrinsic value ($0)
Thoresen Thai Agencies Public Company Limited (TTA.BK) — VMCI valuation read
TTA.BK screens at VMCI 62/100, a 12-point gap above the Industrials sector median (50). For a mid-cap Thoresen Thai Agencies Public Company Limited share, that placement says the multi-pillar composite is cheaper or higher quality than the typical peer on a like-for-like basis.
TTA.BK has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.
**Investor frame.** Value: TTA.BK trades at 14.0x earnings, 22% below the Industrials median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Industrials group. Quality: ROIC of 8.0% trails the Industrials median (10.0%) by 2.0pp, the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 2.1x is the rate-sensitivity line to watch, which sets the rate-cycle exposure for Thoresen Thai Agencies Public Company Limited.
TTA.BK rose 2.5% over the trailing 7 days, with a -6.8% read on a 30-day basis.
Thoresen Thai Agencies Public Company Limited, an investment holding company, operates as a shipping service company in Thailand and internationally. It operates through five segments: Shipping, Offshore Service, Agrochemical, Food and Beverage, and Investment. The company offers dry bulk shipping services that carries a range of major and minor bulk cargoes, including coal, iron ore, grains, cement, fertilizers, steel, and agricultural products; ship agency and brokerage services; and operates dry bulk vessels for tramp services. It also provides offshore services to the oil and gas industry; and produces and markets NPK compounds, bulk blending products, and fertilizers under the Stork brand for customers' needs for coffee, rice, rubber, vegetables, and various other crops. In addition, the company owns and operates Phu My port in South Vietnam; and provides ship management, international maritime transportation, managing waterways system, exploration drilling services and support to the petrochemical industry. Further, it offers subsea inspection services; diving; ROV services; subsea and hydrographic survey; robotics and AI development services; ship charter; ship rental; logistics management; waterways transportation services; land transportation services; port services; bonded warehouse and related services; tugboat; potable water and wastewater treatment services; water resource management; pipeline installation and maintenance services; and operates and franchises Pizza Hut and Taco Bell restaurants. Additionally, the company trades in fertilizers, coal, and biomass fuels; provides digital marketing, software consulting, real estate, floating storage, and offloading; produces and sells water tap; engages in the generating and trading electricity; supply cargo lashing materials; ship owning, management & operation; and lifestyle and entertainment businesses. The company was founded in 1904 and is headquartered in Bangkok, Thailand.
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