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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Thai Wah PCL's retained earnings for the quarter that ended in Jun. 2026 was ฿3,257 Mil.
Thai Wah PCL's quarterly retained earnings
increased
from Dec. 2025 (฿3,218 Mil) to Mar. 2026 (฿3,339 Mil) but then
declined
from Mar. 2026 (฿3,339 Mil) to Jun. 2026 (฿3,257 Mil).
Thai Wah PCL's annual retained earnings
declined
from Dec. 2023 (฿3,274 Mil) to Dec. 2024 (฿3,126 Mil) but then
increased
from Dec. 2024 (฿3,126 Mil) to Dec. 2025 (฿3,218 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Thai Wah PCL Retained Earnings Historical Data
* Premium members only.
The historical data trend for Thai Wah PCL's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Thai Wah PCL (BKK:TWPC) has a Retained Earnings of ฿3,257 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Thai Wah PCL and its competitors.
Is Thai Wah PCL's Retained Earnings too high?
Thai Wah PCL's current Retained Earnings is ฿3,257 Mil. Overall, Thai Wah PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Wah PCL's Retained Earnings compare to KHC and GIS?
Thai Wah PCL's Retained Earnings of ฿3,257 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Consumer Packaged Goods company?
A good Retained Earnings depends on the Consumer Packaged Goods industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Thai Wah PCL and its competitors. Thai Wah PCL's current Retained Earnings is ฿3,257 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Wah PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Wah PCL (BKK:TWPC) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.85, compared to a current price of ฿2.68 — trading 6% below its estimated fair value. The current Retained Earnings is ฿3,257 Mil. Thai Wah PCL's overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Thai Wah PCL (BKK:TWPC), the current Retained Earnings is ฿3,257 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thai Wah PCL (BKK:TWPC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Wah PCL stock appears to be undervalued.
The current stock price of ฿2.68 is trading 6% below its estimated GF Value™ of ฿2.85.
GuruFocus considers Thai Wah PCL to be Fairly Valued.
Key valuation signals for BKK:TWPC:
Retained Earnings: ฿3,257 Mil
GF Value™: ฿2.85 vs. price of ฿2.68 (6% below fair value)
No single metric tells the full story. See the BKK:TWPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Wah PCL is engaged in the manufacture and distribution of vermicelli, tapioca starch and other food products. Its products include Starch & Starch-Related Products such as Tapioca Flour & Starch, Modified Starch, Glucose Syrup, Tapioca Pearl, Alpha Starch, Rice Flour & Starch, and Organic Products; Food Products such as Bean Vermicelli, Rice Noodles, Rice Vermicelli, Starch, Flour And Pearl, and Meal Kit And Instant Noodles. Its segments include the manufacture and distribution of starch, the manufacture and distribution of vermicelli and other food products, and the manufacture and distribution of other agricultural products.
78GF Score
Get the complete analysis for BKK:TWPC
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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