JD Food PCL (JDF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of JD Food PCL stock THB 2.50, price THB 2.04, upside +22.5%, quality 72 out of 100. Rating: undervalued. Calculated from audited financials with 25 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
55‑month range 1.26 THB – 4.70 THB · fair‑value band 1.79 THB – 3.26 THB · the 2.04 THB price screens below the 2.50 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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JD Food Public Company Limited produces and distributes food seasonings, sauces, fillings, and dehydrated food products in Thailand, China, South Korea, the United Kingdom, and internationally.
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The company offers seasonings for savory and sweet food products and instant soup powders, as well as Thai, western, and Asian style and other products; and coconut chips and dehydrated vegetables, meat, herbs, and spices.
It provides instant soup and flavors under the GOOD EATS brand; Thai food under the Kin dee brand; coconut chips, bites, and clusters under the Crispconut brand; and seasonings, fillings, and mayonnaise under the OK brand. The company serves entrepreneurs, SMEs, and large food industries.
The company was incorporated in 1999 and is headquartered in Samut Sakhon, Thailand.
Stock analysis
JD Food PCL (JDF) currently trades at 2.04 THB, while our model-based Fair Value estimate is 2.50 THB, implying the stock looks roughly 18% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 2.84 THB per share, and 16 of the 25 models we run sit above the 2.04 THB price.
Bear case: the Asset-Based group reads lowest at 0.4000 THB, and 9 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.79 THB (bear) to 3.26 THB (bull), the price of 2.04 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 72/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
JD Food PCL reported revenue of 733M THB in FY2025 versus 577M THB in FY2021, a compound +6.2%/yr. Reported net income was 86.6M THB in FY2025, compounding +17.5%/yr from FY2021.
Key figures
Market cap 1.2B THB (≈ $36.6M) Micro · P/E ratio 10.7 · P/S ratio 1.57 · EPS (TTM) 0.1900 THB · Dividend yield 8.8% · Net margin 14.7% · Return on equity 15.7% · Return on assets (EBIT) 6.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 62% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 23%, JDF screens cheaper than that median.
Fair Value models
Bear1.79 THBFair Value 2.50 THBBull3.26 THB
Price 2.04 THB · Upside +22.5%
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 (0.0086 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.78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.2%
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.
+8.6%
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.
+4.7%
Start year 2020 (pandemic)
Revenue growth 8 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.
+4.1%
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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.
+17.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.5%
Dividend (yield on the price)8.8%
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.13% → 12%
2025 sits 105% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−0.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −1.4% a year for the price.
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.Packaged Foods · 625 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+22.5% · Above median
Profitability
Return on equity (12 months)15.7% · Top 25%
Return on assets9.4% · Top 25%
Net margin (12 months)14.7% · Top 25%
Operating margin (12 months)13.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−1.1% · Below median
Dividend yield (12 months)8.8% · Top 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)10.7× · Cheaper than median
P/B1.55× · Pricier than median
P/S (12 months)1.57× · Pricier than median
Price / free cash flow (fiscal year)11.7× · Cheaper than median
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As of Nov 3, 2026, our model estimates a fair value of 2.50 THB versus a price of 2.04 THB, about +23% upside (undervalued).
What is the fair value of JDF?
Our model-based fair value for JD Food PCL is 2.50 THB (as of Nov 3, 2026), built from audited fundamentals. The current price: 2.04 THB.
What is the quality score of JDF?
JD Food PCL has a Quality Score of 72/100. 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 JD Food PCL (JDF)?
Our model-based price target is the fair value of 2.50 THB (as of Nov 3, 2026) from 25 valuation models. Cautious scenario 1.79 THB, optimistic scenario 3.26 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the JD Food PCL stock forecast for 2026?
Our models put fair value at 2.50 THB, about +23% upside versus a price of 2.04 THB (undervalued). Cautious scenario 1.79 THB, optimistic scenario 3.26 THB. The calculation is refreshed regularly with new filings.
What is the revenue of JD Food PCL (JDF)?
JD Food PCL reported trailing-twelve-month revenue of about 780M THB (latest available figure, as of Nov 3, 2026).
Does JD Food PCL pay a dividend?
JD Food PCL currently shows a dividend yield of 8.82% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of JD Food PCL (JDF) and when is the ex-dividend date?
JD Food PCL pays a dividend of 0.18 THB per share a year, a dividend yield of 8.8%. The last ex-dividend date was Mar 23, 2026. The payout ratio is 94.7% of earnings. Free cash flow covers the dividend 0.97 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into JD Food PCL (JDF)?
For today's price to be fair in a discounted-cash-flow model, JD Food PCL would have to grow free cash flow by -0.2 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.7 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of JDF use?
Our models discount JD Food PCL at 10.4 %: a base by market capitalisation (nano), damped by beta 0.58, 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 JD Food PCL that is -0.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has JD Food PCL (JDF) delivered so far?
Over the past 5 years revenue at JD Food PCL grew +4.7 % a year. The price currently implies free-cash-flow growth of -0.2 % per 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 JD Food PCL (JDF) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into JD Food PCL (-0.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of JD Food PCL (JDF)?
The free-cash-flow yield on the price is 8.52 %: that much free cash flow JD Food PCL produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JD Food PCL (JDF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JD Food PCL it is 2.50 THB per share (as of Nov 3, 2026), against a price of 2.04 THB. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is JD Food PCL stock overvalued or undervalued in 2026?
As of Nov 3, 2026, JDF trades below its calculated fair value: price 2.04 THB, fair value 2.50 THB, a gap of about +23% (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 JDF?
No. The price is what the market pays today (2.04 THB); the fair value is what the company's own numbers justify (2.50 THB). For JD Food PCL the two are 0.4600 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is JD Food PCL worth?
The market values JD Food PCL at about 1.2B THB (market capitalisation, as of Nov 3, 2026). Per share that is 2.04 THB; our models calculate a fair value of 2.50 THB per share.
What do the bullish and bearish scenarios say about JDF?
Our models span a range for JD Food PCL: cautious scenario 1.79 THB, base 2.50 THB, optimistic 3.26 THB per share (as of Nov 3, 2026, price 2.04 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JDF?
JD Food PCL trades at a price-to-earnings ratio of 10.7 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.50 THB is built from several models across several years. Other multiples: P/B 1.6, P/S 1.6, EV/EBITDA 6.4.
How solid is the balance sheet of JD Food PCL (JDF)?
Balance-sheet figures for JD Food PCL (as of Nov 3, 2026): return on equity 15.7%, debt of 0.02 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is JDF from its 52-week high?
JD Food PCL trades at 2.04 THB, about 11% below its 52-week high of 2.28 THB and 62% above the low of 1.26 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2.50 THB is for.
Which stocks are comparable to JD Food PCL?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz 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 JD Food PCL stock attractive at the current price?
The data as of Nov 3, 2026: price 2.04 THB, calculated fair value 2.50 THB (+23%), Quality Score 72/100, from 25 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 JDF calculated?
We run JD Food PCL through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2.50 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. JD Food PCL currently trades 18% 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 JD Food PCL (JDF)?
The closing price on Nov 6, 2026 was 2.04 THB. Our model-based fair value is 2.50 THB, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JD Food PCL right now?
Solid quality (72/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (1.79 THB to 3.26 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 JD Food PCL
How large is the market capitalisation of JD Food PCL (JDF)?
The market capitalisation of JD Food PCL is 1.2B THB (≈ $36.6M). 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 JD Food PCL (JDF)?
The price-to-sales ratio of JD Food PCL is 1.57 (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 JD Food PCL (JDF)?
Earnings per share at JD Food PCL are 0.1900 THB (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of JD Food PCL (JDF)?
The dividend yield of JD Food PCL is 8.8% (payout 94.7%). 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 JD Food PCL (JDF)?
The net margin of JD Food PCL is 14.7% (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 JD Food PCL (JDF)?
The return on equity (ROE) of JD Food PCL is 15.7% (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 JD Food PCL (JDF)?
On an EBIT basis the return on assets of JD Food PCL is 6.9% (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 JD Food PCL (JDF)?
The operating margin of JD Food PCL is 13.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JD Food PCL (JDF)?
Revenue at JD Food PCL is growing −1.1% versus a year earlier (3y avg +8.6%). 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 JD Food PCL (JDF)?
Earnings per share at JD Food PCL are growing +125% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does JD Food PCL (JDF) hold?
JD Food PCL holds more cash than debt, 77.0M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026