Dcon Products Public Company Limited (DCON) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Dcon Products Public Company Limited stock THB 0.06, price THB 0.15, that is 60.0% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 0.1300 THB – 0.5722 THB · fair‑value band 0.0400 THB – 0.0600 THB · the 0.1500 THB price screens above the 0.0600 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Dcon Products Public Company Limited, together with its subsidiaries, manufactures and sells construction supplies in Thailand. The company operates through Sales of Construction Supplies; Sales of Real Estate; and Real Estate for Lease segments.
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It also provides flat floor slabs, pre-stressed planks and piles, corrugated planks, fencing and retaining wall, Dcon block, blocks, hallow core, hexagon piles, light weight bricks, and footing products.
In addition, the company offers precast walls, partition, and floors, as well as concrete posts, prefabricated solutions, and other products. Further, it is involved in the sale of land and lease of real estate properties, as well as engages in property development business.
Dcon Products Public Company Limited was incorporated in 1996 and is headquartered in Bangkok, Thailand.
Stock analysis
Dcon Products Public Company Limited (DCON) currently trades at 0.1500 THB, while our model-based Fair Value estimate is 0.0600 THB, 60% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 0.3000 THB per share, and 3 of the 10 models we run sit above the 0.1500 THB price.
Bear case: the Earnings-Based group reads lowest at 0.0200 THB, and 7 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.0400 THB (bear) to 0.0600 THB (bull), the price of 0.1500 THB sits above 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 39/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Dcon Products Public Company Limited reported revenue of 906M THB in FY2025 versus 965M THB in FY2021, a compound −1.6%/yr. Reported net income was 8.3M THB in FY2025, compounding −47.9%/yr from FY2021.
Key figures
Market cap 808M THB (≈ $24.2M) Micro · P/S ratio 0.93 · EPS (TTM) −0.0700 THB · Dividend yield 2.0% · Net margin −40.5% · Return on equity −15.0% · Return on assets (EBIT) 3.4% (5-year average) · Operating margin 1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −60%, DCON screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.0200 THB to 0.4400 THB). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear0.0400 THBFair Value 0.0600 THBBull0.0600 THB
Price 0.1500 THB · Downside -60.0%
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.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.
Best data coverage
Residual Income0.2800 THB0.3000 THB0.3200 THB76
Owner Earnings0.0100 THB0.0300 THB0.0600 THB70
Gordon GGM0.0200 THB0.0200 THB0.0200 THB69
All 10 models by family
DCF Models
Owner Earnings0.0100 THB0.0300 THB0.0600 THB70
Earnings-Based
Graham-Dodd0.0100 THB0.0200 THB0.0200 THB67
Dividend Discount
Gordon GGM0.0200 THB0.0200 THB0.0200 THB69
DDM Multi-Stage0.0200 THB0.0200 THB0.0300 THB67
Multiples
P/E Multiple0.0200 THB0.0300 THB0.0300 THB63
P/S Multiple0.0200 THB0.0300 THB0.0300 THB57
P/B Multiple0.3300 THB0.4400 THB0.5500 THB55
Asset-Based
NCAV (Graham)0.1500 THB0.2300 THB0.2800 THB54
Economic Profit
Residual Income0.2800 THB0.3000 THB0.3200 THB76
Growth Earnings
Growth-Adj P/E0.0100 THB0.0200 THB0.0300 THB65
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−16.9%
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.
−8.1%
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.
−0.5%
Start year 2020 (pandemic). Over 10 years: −2.4% 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.
+4.2%
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What shareholders gained per year (last 5 years), in THB ⓘ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. 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.
−38.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−40.6%
Dividend (yield on the price)2.0%
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.−40.6% vs −28.4%, slowing
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.12% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 10.4%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Dcon Products Public Company Limited with another stock
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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.Building Materials · 257 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−60.0% · Bottom 25%
Profitability
Return on assets0.3% · Below median
Net margin (12 months)−54.4% · Bottom 25%
Operating margin (12 months)1.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)3.5% · Above median
Dividend yield (12 months)2.0% · Below median
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Building Materials median · lower = cheaper
P/B0.30× · Cheapest 25%
P/S (12 months)1.17× · Pricier than median
EV/EBITDA15.8× · Priciest 25%
PEG0.53× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)18· sector 13
PAST (return on equity)0· sector 17
HEALTH (low debt)92· sector 92
DIVIDEND (yield)40· sector 47
VALUE 0: the price sits above our fair-value range.
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). "Dcon Products Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/DCON
Frequently asked questions
Is Dcon Products Public Company Limited (DCON) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 0.0600 THB versus a price of 0.1500 THB, about 60% lower (overvalued).
What is the fair value of DCON?
Our model-based fair value for Dcon Products Public Company Limited is 0.0600 THB (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.1500 THB.
What is the quality score of DCON?
Dcon Products Public Company Limited has a Quality Score of 39/100. 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 Dcon Products Public Company Limited (DCON)?
Our model-based price target is the fair value of 0.0600 THB (as of Nov 3, 2026) from 10 valuation models. Cautious scenario 0.0400 THB, optimistic scenario 0.0600 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Dcon Products Public Company Limited stock forecast for 2026?
Our models put fair value at 0.0600 THB, about 60% lower versus a price of 0.1500 THB (overvalued). Cautious scenario 0.0400 THB, optimistic scenario 0.0600 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Dcon Products Public Company Limited (DCON)?
Dcon Products Public Company Limited reported trailing-twelve-month revenue of about 926M THB (latest available figure, as of Nov 3, 2026).
Does Dcon Products Public Company Limited pay a dividend?
Dcon Products Public Company Limited currently shows a dividend yield of 2.00% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Dcon Products Public Company Limited (DCON) and when is the ex-dividend date?
Dcon Products Public Company Limited pays a dividend of 0.003 THB per share a year, a dividend yield of 2.0%. The last ex-dividend date was Mar 11, 2026. A dividend has been paid every year since at least 2004. The payout ratio is 195% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Dcon Products Public Company Limited (DCON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dcon Products Public Company Limited it is 0.0600 THB per share (as of Nov 3, 2026), against a price of 0.1500 THB. It is the blended result of 10 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Dcon Products Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 3, 2026, DCON trades above its calculated fair value: price 0.1500 THB, fair value 0.0600 THB, a gap of about −60% (overvalued). 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 DCON?
No. The price is what the market pays today (0.1500 THB); the fair value is what the company's own numbers justify (0.0600 THB). For Dcon Products Public Company Limited the two are 0.0900 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Dcon Products Public Company Limited worth?
The market values Dcon Products Public Company Limited at about 808M THB (market capitalisation, as of Nov 3, 2026). Per share that is 0.1500 THB; our models calculate a fair value of 0.0600 THB per share.
What do the bullish and bearish scenarios say about DCON?
Our models span a range for Dcon Products Public Company Limited: cautious scenario 0.0400 THB, base 0.0600 THB, optimistic 0.0600 THB per share (as of Nov 3, 2026, price 0.1500 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of DCON?
The PEG ratio of Dcon Products Public Company Limited is 0.53 (P/E divided by earnings growth, as of Nov 3, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Dcon Products Public Company Limited (DCON)?
Balance-sheet figures for Dcon Products Public Company Limited (as of Nov 3, 2026): return on equity −15.0%, debt of 0.16 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is DCON from its 52-week high?
Dcon Products Public Company Limited trades at 0.1500 THB, about 37% below its 52-week high of 0.2371 THB and 15% above the low of 0.1300 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0600 THB is for.
Which stocks are comparable to Dcon Products Public Company Limited?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, 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 Dcon Products Public Company Limited stock attractive at the current price?
The data as of Nov 3, 2026: price 0.1500 THB, calculated fair value 0.0600 THB (−60%), Quality Score 39/100, from 10 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 DCON calculated?
We run Dcon Products Public Company Limited through 10 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.0600 THB builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Dcon Products Public Company Limited itself currently trades above fair value. 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 Dcon Products Public Company Limited (DCON)?
The closing price on Nov 6, 2026 was 0.1500 THB. Our model-based fair value is 0.0600 THB, about 60% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dcon Products Public Company Limited right now?
The price sits above even our optimistic bull case (0.0600 THB). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Dcon Products Public Company Limited (DCON) come from?
Earnings per share at Dcon Products Public Company Limited grew −12.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share −5.6 %, EBIT margin −7.6 %, tax rate +0.3 %, residual (interest, one-offs) +0.3 %. 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 Dcon Products Public Company Limited
How large is the market capitalisation of Dcon Products Public Company Limited (DCON)?
The market capitalisation of Dcon Products Public Company Limited is 808M THB (≈ $24.2M). 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 Dcon Products Public Company Limited (DCON)?
The price-to-sales ratio of Dcon Products Public Company Limited is 0.93 (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 Dcon Products Public Company Limited (DCON)?
Earnings per share at Dcon Products Public Company Limited are −0.0700 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dcon Products Public Company Limited (DCON)?
The dividend yield of Dcon Products Public Company Limited is 2.0%. 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 Dcon Products Public Company Limited (DCON)?
The net margin of Dcon Products Public Company Limited is −40.5% (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 Dcon Products Public Company Limited (DCON)?
The return on equity (ROE) of Dcon Products Public Company Limited is −15.0% (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 Dcon Products Public Company Limited (DCON)?
On an EBIT basis the return on assets of Dcon Products Public Company Limited is 3.4% (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 Dcon Products Public Company Limited (DCON)?
The operating margin of Dcon Products Public Company Limited is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dcon Products Public Company Limited (DCON)?
Revenue at Dcon Products Public Company Limited is growing +3.5% versus a year earlier (3y avg −8.1%). 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 Dcon Products Public Company Limited (DCON)?
Earnings per share at Dcon Products Public Company Limited are growing −22.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dcon Products Public Company Limited (DCON) generate?
The free cash flow of Dcon Products Public Company Limited is −28.2M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dcon Products Public Company Limited (DCON) carry?
The net debt of Dcon Products Public Company Limited is 859M THB (fiscal year 2025). 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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Thin data
Nov 3, 2026