CP ALL Public Company Limited (CPALL) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of CP ALL Public Company Limited stock THB 58.24, price THB 46.25, upside +25.9%, quality 51 out of 100. Rating: undervalued. Calculated from audited financials with 20 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 39.51 THB – 66.52 THB · fair‑value band 40.36 THB – 75.71 THB · the 46.25 THB price screens below the 58.24 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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CP ALL Public Company Limited, together with its subsidiaries, operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally. The company operates through four segments: Convenience stores, Wholesale, Retail and Mall, and Other.
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It also operates frozen food plants and bakeries; distributes various commercial cards and tickets, and hardware and equipment; manufactures, imports, exports, distributes, and trades in food products.
In addition, the company designs and develops IT system; and offers bill payment, training and seminar, digital technology, marketing activity, electronic payment agent, asset counting, logistics and distribution of merchandise, technical and supporting services, warehouse management, consulting, building rental, and freight, delivery, and rental services.
Further, the company engages in e-commerce, catalog, insurance broker, and telecommunication businesses; commercial trading; investing in retail business and mall, and commercial space management; and distribution, installation, repair, and maintenance of retail equipment, as well as production of roasted coffee beans.
Additionally, it operates food and beverages stores, restaurant, and educational institutions; provides educational development fund; produces ready-to-eat meals, raw materials, and dairy products; and distributes goods and equipment for convenience stores.
It is also involved in retail and related business operation under the Lotus's brand name; operation of stores under Makro name; and production of raw and cooked protein products. The company was formerly known as C.P. Seven Eleven Public Company Limited.
CP ALL Public Company Limited was founded in 1988 and is headquartered in Nonthaburi, Thailand.
Stock analysis
CP ALL Public Company Limited (CPALL) currently trades at 46.25 THB, while our model-based Fair Value estimate is 58.24 THB, implying the stock looks roughly 21% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 65.00 THB per share, and 11 of the 20 models we run sit above the 46.25 THB price.
Bear case: the Dividend Discount group reads lowest at 20.13 THB, and 9 of the 20 models stay below the price. Data coverage for this calculation is high.
Scenario range: 40.36 THB (bear) to 75.71 THB (bull), the price of 46.25 THB sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
CP ALL Public Company Limited reported revenue of 991B THB in FY2025 versus 565B THB in FY2021, a compound +15.1%/yr. Reported net income was 28.2B THB in FY2025, compounding +21.4%/yr from FY2021.
Key figures
Market cap 412B THB (≈ $12.3B) Large · P/E ratio 13.8 · P/S ratio 0.39 · EPS (TTM) 3.36 THB · Dividend yield 3.6% · Net margin 2.9% · Return on equity 10.4% · Return on assets (EBIT) 3.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −34% fair-value upside, at 26%, CPALL screens cheaper than that median.
Fair Value models
Bear40.36 THBFair Value 58.24 THBBull75.71 THB
Price 46.25 THB · Upside +25.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.45 THB per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
Start year 2020 (pandemic). Over 10 years: +9.7% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.7%
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What shareholders gained per year (last 5 years), in THB (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+22.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.3%
Dividend (yield on the price)3.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11.9% vs 7.5%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 2%
2025 sits 53% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +6.0% a year for the price and +3.1% for the forecasts.
AI conclusion: Rapid 7-Eleven store additions combined with food-surplus innovations that lift ready-to-eat margins represent the core strength, offset by only modest same-store sales growth amid patchy consumer demand.
Main risk: Online platforms such as Shopee and Lazada as well as chains like Lotus's go fresh could draw customers away from 7-Eleven stores and force lower prices or thinner margins on convenience items.
Bull case: CP All could deepen its O2O integration through 7Delivery and store data to retain customers and improve efficiency against online rivals.
Bear case: If online platforms and rival formats capture more urgent purchases, CP All might see slower same-store sales growth and sustained margin pressure in its core convenience business.
CP ALL keeps adding 7-Eleven stores and rolling out innovations like improved food-surplus management that cut waste and lift margins on ready-to-eat items. Store expansion and product-mix shifts still drive most of the earnings growth, while same-store sales rise only modestly amid patchy consumer demand. Will the new outlets and efficiency gains deliver more profit lift than the slow recovery at existing locations can offset?
Compare CP ALL Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Grocery Stores · 73 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Bottom 25%
Fair Value upside+25.9% · Above median
Profitability
Return on equity (12 months)10.4% · Below median
Return on assets2.9% · Below median
Net margin (12 months)2.9% · Above median
Operating margin (12 months)5.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.6% · Above median
Dividend yield (12 months)3.6% · Above median
Balance sheet
Debt / equity0.79× · Highest 25%
Valuation Multiplesvs Grocery Stores median · lower = cheaper
P/E (12 months)13.8× · Cheaper than median
P/B1.24× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)0.39× · Cheaper than median
Price / free cash flow (fiscal year)10.7× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CP ALL Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/CPALL
Frequently asked questions
Is CP ALL Public Company Limited (CPALL) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 58.24 THB versus a price of 46.25 THB, about +26% upside (undervalued).
What is the fair value of CPALL?
Our model-based fair value for CP ALL Public Company Limited is 58.24 THB (as of Nov 5, 2026), built from audited fundamentals. The current price: 46.25 THB.
What is the quality score of CPALL?
CP ALL Public Company Limited has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CP ALL Public Company Limited (CPALL)?
Our model-based price target is the fair value of 58.24 THB (as of Nov 5, 2026) from 20 valuation models. Cautious scenario 40.36 THB, optimistic scenario 75.71 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the CP ALL Public Company Limited stock forecast for 2026?
Our models put fair value at 58.24 THB, about +26% upside versus a price of 46.25 THB (undervalued). Cautious scenario 40.36 THB, optimistic scenario 75.71 THB. The calculation is refreshed regularly with new filings.
What is the revenue of CP ALL Public Company Limited (CPALL)?
CP ALL Public Company Limited reported trailing-twelve-month revenue of about 1.0T THB (latest available figure, as of Nov 5, 2026).
Does CP ALL Public Company Limited pay a dividend?
CP ALL Public Company Limited currently shows a dividend yield of 3.57% relative to its recent price (as of Nov 5, 2026).
What growth is priced into CP ALL Public Company Limited (CPALL)?
For today's price to be fair in a discounted-cash-flow model, CP ALL Public Company Limited would have to grow free cash flow by +7.3 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.5 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of CPALL use?
Our models discount CP ALL Public Company Limited at 9.7 %: a base by market capitalisation (large), damped by beta 0.44, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CP ALL Public Company Limited that is +7.3 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has CP ALL Public Company Limited (CPALL) delivered so far?
Over the past 5 years revenue at CP ALL Public Company Limited grew +13.5 % a year. The price currently implies +7.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CP ALL Public Company Limited (CPALL) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into CP ALL Public Company Limited (+7.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CP ALL Public Company Limited (CPALL)?
The free-cash-flow yield on the price is 9.37 %: that much free cash flow CP ALL Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CP ALL Public Company Limited (CPALL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CP ALL Public Company Limited it is 58.24 THB per share (as of Nov 5, 2026), against a price of 46.25 THB. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is CP ALL Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 5, 2026, CPALL trades below its calculated fair value: price 46.25 THB, fair value 58.24 THB, a gap of about +26% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CPALL?
No. The price is what the market pays today (46.25 THB); the fair value is what the company's own numbers justify (58.24 THB). For CP ALL Public Company Limited the two are 11.99 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is CP ALL Public Company Limited worth?
The market values CP ALL Public Company Limited at about 412B THB (market capitalisation, as of Nov 5, 2026). Per share that is 46.25 THB; our models calculate a fair value of 58.24 THB per share.
What do the bullish and bearish scenarios say about CPALL?
Our models span a range for CP ALL Public Company Limited: cautious scenario 40.36 THB, base 58.24 THB, optimistic 75.71 THB per share (as of Nov 5, 2026, price 46.25 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CPALL?
CP ALL Public Company Limited trades at a price-to-earnings ratio of 13.8 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 58.24 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 31.0. Other multiples: PEG 1.4, P/B 1.2, P/S 0.4, EV/EBITDA 8.2.
What is the PEG ratio of CPALL?
The PEG ratio of CP ALL Public Company Limited is 1.42 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of CP ALL Public Company Limited (CPALL)?
Balance-sheet figures for CP ALL Public Company Limited (as of Nov 5, 2026): return on equity 10.4%, debt of 0.79 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is CPALL from its 52-week high?
CP ALL Public Company Limited trades at 46.25 THB, about 12% below its 52-week high of 52.52 THB and 17% above the low of 39.51 THB (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 58.24 THB is for.
Which stocks are comparable to CP ALL Public Company Limited?
From the same area (Consumer Defensive) we also value Loblaw Companies Limited, The Kroger Co, Woolworths Group, Koninklijke Ahold Delhaize N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CP ALL Public Company Limited stock attractive at the current price?
The data as of Nov 5, 2026: price 46.25 THB, calculated fair value 58.24 THB (+26%), Quality Score 51/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CPALL calculated?
We run CP ALL Public Company Limited through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 58.24 THB, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. CP ALL Public Company Limited currently trades 21% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CP ALL Public Company Limited (CPALL)?
The closing price on Nov 5, 2026 was 46.25 THB. Our model-based fair value is 58.24 THB, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CP ALL Public Company Limited right now?
Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (40.36 THB to 75.71 THB) leaves room in how you read the outcome.
Where does the earnings growth of CP ALL Public Company Limited (CPALL) come from?
Earnings per share at CP ALL Public Company Limited grew +6.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.2 %, EBIT margin −4.7 %, tax rate −0.3 %, residual (interest, one-offs) +1.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CP ALL Public Company Limited
How large is the market capitalisation of CP ALL Public Company Limited (CPALL)?
The market capitalisation of CP ALL Public Company Limited is 412B THB (≈ $12.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CP ALL Public Company Limited (CPALL)?
The price-to-sales ratio of CP ALL Public Company Limited is 0.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CP ALL Public Company Limited (CPALL)?
Earnings per share at CP ALL Public Company Limited are 3.36 THB (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CP ALL Public Company Limited (CPALL)?
The dividend yield of CP ALL Public Company Limited is 3.6% (payout 49.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CP ALL Public Company Limited (CPALL)?
The net margin of CP ALL Public Company Limited is 2.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CP ALL Public Company Limited (CPALL)?
The return on equity (ROE) of CP ALL Public Company Limited is 10.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CP ALL Public Company Limited (CPALL)?
On an EBIT basis the return on assets of CP ALL Public Company Limited is 3.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CP ALL Public Company Limited (CPALL)?
The operating margin of CP ALL Public Company Limited is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CP ALL Public Company Limited (CPALL)?
Revenue at CP ALL Public Company Limited is growing +3.6% versus a year earlier (3y avg +6.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CP ALL Public Company Limited (CPALL)?
Earnings per share at CP ALL Public Company Limited are growing +11.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CP ALL Public Company Limited (CPALL) carry?
The net debt of CP ALL Public Company Limited is 503B THB (fiscal year 2025, ≈ 13.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026