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Energy Absolute Public Company Limited (EA) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Energy Absolute Public Company Limited stock THB 2.69, price THB 2.36, upside +14.0%, quality 43 out of 100. Rating: undervalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.

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Utilities TH · ISIN TH3545010003

EA Energy Absolute Public Company Limited logo Thin data Nov 5, 2026

Energy Absolute Public Company Limited

EA · BK
Speculative

The stock costs 12% less than our calculation considers fair.

Fair value 2.69 THB · Undervalued (12%)
Generates free cash flow
Quality 43/100
Moderate debt
Mixed vs. peers (6/13)
Revenue last quarter 22% below a year ago.
Weak Growth (revenue 5y −5.2 %/yr in THB)
Loss-making · -35.0% net margin (TTM)
Narrow moat 19/100
Thin data

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

68.18 THB 1.80 THB Fair Value 2.69 THB May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range 1.80 THB – 68.18 THB · fair‑value band 2.01 THB – 4.01 THB · the 2.36 THB price screens below the 2.69 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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Company profile

Energy Absolute Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of crude palm oil, biodiesel, and glycerol products in Thailand.

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It operates through five segments: Manufacturing and distributing crude palm oil, biodiesel products, and pure glycerin products; Manufacturing and distributing electricity from solar and wind power and biomass; Manufacturing and distributing electric vehicles; Manufacturing and distributing batteryl; and Others.

The company provides phase change materials, as well as electric bus, car, and ferry.

It also produces and distributes solar and wind electric power from renewable energy, as well as operates waste to energy and waste management projects; and service of property rental, sale and rent a bus service, supply assets service, and investing in other businesses.

In addition, the company is involved in construction projects consulting; research and development of electricity equipment; hire purchase of electric vehicles; shore tank rental and crude palm oil pipeline transport services; research, development, manufacture, and distribution of lithium-ion batteries for applications, such as electric automobiles and energy storage systems; and operation of charging stations.

The company was formerly known as Suntech Palm Oil Ltd. and changed its name to Energy Absolute Public Company Limited in 2008. Energy Absolute Public Company Limited was incorporated in 2006 and is headquartered in Bangkok, Thailand.

Stock analysis

Energy Absolute Public Company Limited (EA) currently trades at 2.36 THB, while our model-based Fair Value estimate is 2.69 THB, implying the stock looks roughly 12% undervalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 2.69 THB per share, and 3 of the 7 models we run sit above the 2.36 THB price.

Bear case: the DCF Models group reads lowest at 1.77 THB, and 4 of the 7 models stay below the price. Data coverage for this calculation is low.

Scenario range: 2.01 THB (bear) to 4.01 THB (bull), the price of 2.36 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 43/100 (below-average quality), in the Utilities sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Energy Absolute Public Company Limited reported revenue of 13.1B THB in FY2025 versus 20.2B THB in FY2021, a compound −10.2%/yr. Reported net income was −4.9B THB in FY2025.

Key figures

Market cap 17.5B THB (≈ $525M) Small · P/S ratio 1.50 · EPS (TTM) −0.5900 THB · Net margin −35.0% · Return on equity −16.1% · Return on assets (EBIT) 4.0% · Operating margin 2.9% · Revenue (TTM) 12.2B THB.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (medium confidence).

What moves the price

The share trades about 33% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at 14%, EA screens cheaper than that median.

Fair Value models

Bear 2.01 THB Fair Value 2.69 THB Bull 4.01 THB
Price 2.36 THB · Upside +14.0%
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
FCF DCF 2.50 THB 6.58 THB 12.17 THB 76
Growth DCF 2.42 THB 6.08 THB 10.79 THB 74
5Y EBITDA Exit n/a 0.1300 THB >0.5200 THB 72
All 8 models by family
DCF Models
FCF DCF 2.50 THB 6.58 THB 12.17 THB 76
5Y Revenue Exit n/a n/a 1.48 THB 69
5Y EBITDA Exit n/a 0.1300 THB >0.5200 THB 72
10Y Revenue Exit 0.1600 THB 1.77 THB 3.77 THB 59
10Y EBITDA Exit 0.2500 THB 1.88 THB 3.90 THB 61
Asset-Based
NCAV (Graham) 2.01 THB 2.69 THB 4.01 THB 54
Growth DCF
Growth DCF 2.42 THB 6.08 THB 10.79 THB 74
Rev-Margin DCF n/a 0.0900 THB >0.3600 THB 69

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Quality Score breakdown

Overall quality 43/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 55
Are margins and returns getting better?
Cashflow 91
Do the profits arrive as real cash?
Financial strength 20
Debt, balance sheet and risk of trouble
Investment 85
Does it invest with discipline instead of growing at any price?
Low Volatility 63
How calm the share price moves, does not count
Price momentum 22
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 6
Distance to the 52-week high, does not count
New shares 26
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−27.7%
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.
−19.8%
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.
−5.2%
Start year 2020 (pandemic). Over 10 years: +3.6% a year
Revenue growth 17 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.
+11.6%
Profit margin (trend) ⓘ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.
37.5% (2020) → −6.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+8.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +7.1% a year for the price.

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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.Utilities - Renewable · 200 stocks

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 43 · Above median
Fair Value upside +14.0% · Above median
Profitability
Return on assets −5.4% · Bottom 25%
Net margin (12 months) −35.0% · Bottom 25%
Operating margin (12 months) 2.9% · Below median
Growth and dividend
Revenue growth (quarter YoY) −21.7% · Bottom 25%
Balance sheet
Debt / equity 1.25× · Above median

Valuation Multiplesvs Utilities - Renewable median · lower = cheaper

P/B 0.53× · Cheapest 25%
P/S (12 months) 1.43× · Cheaper than median
Price / free cash flow 3.8× · Cheapest 25%
EV/EBITDA 20.4× · Priciest 25%
PEG 1.00× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)52 · sector 16
FUTURE (revenue growth)0 · sector 15
PAST (return on equity)0 · sector 13
HEALTH (low debt)37 · sector 70
DIVIDEND (yield)0 · sector 48

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
SDIC Power Holdings 600886 ¥15.46 ¥17.74 +15% vs EA
China Yangtze Power Co 600900 ¥29.28 ¥32.71 +12% vs EA
VERBUND AG VER €75.35 €66.45 −12% vs EA
China Three Gorges Renewables (Group) Co 600905 ¥3.45 ¥2.40 −30% vs EA
Fortum Oyj FORTUM €23.22 €11.12 −52% vs EA
Huaneng Lancang River Hydropower Inc 600025 ¥10.54 ¥4.45 −58% vs EA
Public Power Corporation PPC €23.70 €6.43 −73% vs EA
EDP Renewables, S.A EDPR €13.69 €3.67 −73% vs EA
Ørsted A/S ORSTED kr 147.00 kr 33.25 −77% vs EA
Adani Green Energy Limited ADANIGREEN ₹1,415 ₹170.50 −88% vs EA

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Energy Absolute Public Company Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Energy Absolute Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/EA

Frequently asked questions

Is Energy Absolute Public Company Limited (EA) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 2.69 THB versus a price of 2.36 THB, about +14% upside (undervalued).
What is the fair value of EA?
Our model-based fair value for Energy Absolute Public Company Limited is 2.69 THB (as of Nov 5, 2026), built from audited fundamentals. The current price: 2.36 THB.
What is the quality score of EA?
Energy Absolute Public Company Limited has a Quality Score of 43/100. 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 Energy Absolute Public Company Limited (EA)?
Our model-based price target is the fair value of 2.69 THB (as of Nov 5, 2026) from 8 valuation models. Cautious scenario 2.01 THB, optimistic scenario 4.01 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Energy Absolute Public Company Limited stock forecast for 2026?
Our models put fair value at 2.69 THB, about +14% upside versus a price of 2.36 THB (undervalued). Cautious scenario 2.01 THB, optimistic scenario 4.01 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Energy Absolute Public Company Limited (EA)?
Energy Absolute Public Company Limited reported trailing-twelve-month revenue of about 12.2B THB (latest available figure, as of Nov 5, 2026).
What growth is priced into Energy Absolute Public Company Limited (EA)?
For today's price to be fair in a discounted-cash-flow model, Energy Absolute Public Company Limited would have to grow free cash flow by +8.3 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.2 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of EA use?
Our models discount Energy Absolute Public Company Limited at 12.2 %: a base by market capitalisation (small), damped by beta 0.74, 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 Energy Absolute Public Company Limited that is +8.3 % per year a year over ten years, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has Energy Absolute Public Company Limited (EA) delivered so far?
Over the past 5 years revenue at Energy Absolute Public Company Limited grew -5.2 % a year. The price currently implies +8.3 % 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 Energy Absolute Public Company Limited (EA) growing?
The median revenue growth in the sector is +14.2 % a year. That is the yardstick for the growth priced into Energy Absolute Public Company Limited (+8.3 % 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 Energy Absolute Public Company Limited (EA)?
The free-cash-flow yield on the price is 26.40 %: that much free cash flow Energy Absolute Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Energy Absolute Public Company Limited (EA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Energy Absolute Public Company Limited it is 2.69 THB per share (as of Nov 5, 2026), against a price of 2.36 THB. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Energy Absolute Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 5, 2026, EA trades below its calculated fair value: price 2.36 THB, fair value 2.69 THB, a gap of about +14% (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 EA?
No. The price is what the market pays today (2.36 THB); the fair value is what the company's own numbers justify (2.69 THB). For Energy Absolute Public Company Limited the two are 0.3300 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Energy Absolute Public Company Limited worth?
The market values Energy Absolute Public Company Limited at about 17.5B THB (market capitalisation, as of Nov 5, 2026). Per share that is 2.36 THB; our models calculate a fair value of 2.69 THB per share.
What do the bullish and bearish scenarios say about EA?
Our models span a range for Energy Absolute Public Company Limited: cautious scenario 2.01 THB, base 2.69 THB, optimistic 4.01 THB per share (as of Nov 5, 2026, price 2.36 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of EA?
The PEG ratio of Energy Absolute Public Company Limited is 1.00 (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 Energy Absolute Public Company Limited (EA)?
Balance-sheet figures for Energy Absolute Public Company Limited (as of Nov 5, 2026): return on equity −16.1%, debt of 1.25 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is EA from its 52-week high?
Energy Absolute Public Company Limited trades at 2.36 THB, about 33% below its 52-week high of 3.54 THB and 5% above the low of 2.24 THB (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 2.69 THB is for.
Which stocks are comparable to Energy Absolute Public Company Limited?
From the same area (Utilities) we also value China Yangtze Power Co, Huaneng Lancang River Hydropower Inc, VERBUND AG, Ørsted A/S, 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 Energy Absolute Public Company Limited stock attractive at the current price?
The data as of Nov 5, 2026: price 2.36 THB, calculated fair value 2.69 THB (+14%), Quality Score 43/100, from 8 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 EA calculated?
We run Energy Absolute Public Company Limited through 8 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 2.69 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. Energy Absolute Public Company Limited currently trades 12% 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 Energy Absolute Public Company Limited (EA)?
The closing price on Nov 5, 2026 was 2.36 THB. Our model-based fair value is 2.69 THB, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Energy Absolute Public Company Limited right now?
A fairly wide model range (2.01 THB to 4.01 THB) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Energy Absolute Public Company Limited

How large is the market capitalisation of Energy Absolute Public Company Limited (EA)?
The market capitalisation of Energy Absolute Public Company Limited is 17.5B THB (≈ $525M). 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 Energy Absolute Public Company Limited (EA)?
The price-to-sales ratio of Energy Absolute Public Company Limited is 1.50 (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 Energy Absolute Public Company Limited (EA)?
Earnings per share at Energy Absolute Public Company Limited are −0.5900 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Energy Absolute Public Company Limited (EA)?
The net margin of Energy Absolute Public Company Limited is −35.0% (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 Energy Absolute Public Company Limited (EA)?
The return on equity (ROE) of Energy Absolute Public Company Limited is −16.1% (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 Energy Absolute Public Company Limited (EA)?
On an EBIT basis the return on assets of Energy Absolute Public Company Limited is 4.0% (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 Energy Absolute Public Company Limited (EA)?
The operating margin of Energy Absolute Public Company Limited is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Energy Absolute Public Company Limited (EA)?
Revenue at Energy Absolute Public Company Limited is growing −21.7% versus a year earlier (3y avg −19.8%). 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 Energy Absolute Public Company Limited (EA)?
Earnings per share at Energy Absolute Public Company Limited are growing +27.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Energy Absolute Public Company Limited (EA) carry?
The net debt of Energy Absolute Public Company Limited is 49.9B THB (fiscal year 2025, ≈ 10.8 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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