Kang Yong Electric Public Company Limited (KYE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kang Yong Electric Public Company Limited stock THB 365, price THB 278, upside +31.2%, quality 61 out of 100. Rating: undervalued. Calculated from audited financials with 21 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 7, 2026.
How to read this chart
60‑month range 240.37 THB – 358.82 THB · fair‑value band 321.02 THB – 382.31 THB · the 278.00 THB price screens below the 364.87 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Kang Yong Electric Public Company Limited manufactures and distributes household electrical appliances in Thailand, Japan, and internationally.
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The company offers home electrical appliances, such as refrigerators, electric fans, ventilating fans, water pumps, and jet towels under the Mitsubishi Electric trade name.
It also exports its products to approximately 20 countries, including Hong Kong, Taiwan, Australia, New Zealand, Singapore, Malaysia, Central Asia, and the Middle East.
The company was formerly known as Kang Yong Electric Manufacturing Co., Ltd. Kang Yong Electric Public Company Limited was founded in 1964 and is based in Bang Phli, Thailand.
Stock analysis
Kang Yong Electric Public Company Limited (KYE) currently trades at 278.00 THB, while our model-based Fair Value estimate is 364.87 THB, implying the stock looks roughly 24% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 518.36 THB per share, and 15 of the 21 models we run sit above the 278.00 THB price.
Bear case: the Dividend Discount group reads lowest at 132.00 THB, and 6 of the 21 models stay below the price. Data coverage for this calculation is high.
Scenario range: 321.02 THB (bear) to 382.31 THB (bull), the price of 278.00 THB sits below 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 61/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Kang Yong Electric Public Company Limited reported revenue of 4.7B THB in FY2026 versus 7.9B THB in FY2022, a compound −12.4%/yr. Reported net income was 618M THB in FY2026, compounding +16.3%/yr from FY2022.
Key figures
Market cap 5.5B THB (≈ $165M) Micro · P/E ratio 9.7 · P/S ratio 1.13 · EPS (TTM) 28.63 THB · Dividend yield 5.8% · Net margin 11.8% · Return on equity 5.9% · Return on assets (EBIT) 2.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at 31%, KYE screens cheaper than that median.
Fair Value models
Bear321.02 THBFair Value 364.87 THBBull382.31 THB
Price 278.00 THB · Upside +31.2%
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 2026 figures (about 7 months old). Earnings retained since then (7.72 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−23.4%
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.
−17.8%
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.
−10.9%
Start year 2021 (pandemic). Over 10 years: −6.2% a year
Revenue growth 23 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.
+0.7%
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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.
+5.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.1%
Dividend (yield on the price)5.8%
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.−0.1% vs −3.0%, steady
Profit margin 2021 to 2026 ⓘ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.8% → −3%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 2.6%/yr over ~10Y (margins intact) ⓘ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.
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).
−31.5%
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 −32.3% 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.Furnishings, Fixtures & Appliances · 297 stocks
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Cite: Fair Value Calculator (2026). "Kang Yong Electric Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/KYE
Frequently asked questions
Is Kang Yong Electric Public Company Limited (KYE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 364.87 THB versus a price of 278.00 THB, about +31% upside (undervalued).
What is the fair value of KYE?
Our model-based fair value for Kang Yong Electric Public Company Limited is 364.87 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 278.00 THB.
What is the quality score of KYE?
Kang Yong Electric Public Company Limited has a Quality Score of 61/100. 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 Kang Yong Electric Public Company Limited (KYE)?
Our model-based price target is the fair value of 364.87 THB (as of Nov 7, 2026) from 21 valuation models. Cautious scenario 321.02 THB, optimistic scenario 382.31 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Kang Yong Electric Public Company Limited stock forecast for 2026?
Our models put fair value at 364.87 THB, about +31% upside versus a price of 278.00 THB (undervalued). Cautious scenario 321.02 THB, optimistic scenario 382.31 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Kang Yong Electric Public Company Limited (KYE)?
Kang Yong Electric Public Company Limited reported trailing-twelve-month revenue of about 4.9B THB (latest available figure, as of Nov 7, 2026).
Does Kang Yong Electric Public Company Limited pay a dividend?
Kang Yong Electric Public Company Limited currently shows a dividend yield of 5.76% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Kang Yong Electric Public Company Limited (KYE) and when is the ex-dividend date?
Kang Yong Electric Public Company Limited pays a dividend of 16.00 THB per share a year, a dividend yield of 5.8%. The last ex-dividend date was Aug 3, 2026. A dividend has been paid every year since at least 1995. The payout ratio is 55.9% of earnings. Free cash flow covers the dividend 3.25 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Kang Yong Electric Public Company Limited (KYE)?
For today's price to be fair in a discounted-cash-flow model, Kang Yong Electric Public Company Limited would have to grow free cash flow by -31.5 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -10.9 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of KYE use?
Our models discount Kang Yong Electric Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.11, 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 Kang Yong Electric Public Company Limited that is -31.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Kang Yong Electric Public Company Limited (KYE) delivered so far?
Over the past 5 years revenue at Kang Yong Electric Public Company Limited grew -10.9 % a year. The price currently implies free-cash-flow growth of -31.5 % 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 Kang Yong Electric Public Company Limited (KYE) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Kang Yong Electric Public Company Limited (-31.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kang Yong Electric Public Company Limited (KYE)?
The free-cash-flow yield on the price is 18.72 %: that much free cash flow Kang Yong Electric Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kang Yong Electric Public Company Limited (KYE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kang Yong Electric Public Company Limited it is 364.87 THB per share (as of Nov 7, 2026), against a price of 278.00 THB. It is the blended result of 21 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Kang Yong Electric Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, KYE trades below its calculated fair value: price 278.00 THB, fair value 364.87 THB, a gap of about +31% (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 KYE?
No. The price is what the market pays today (278.00 THB); the fair value is what the company's own numbers justify (364.87 THB). For Kang Yong Electric Public Company Limited the two are 86.87 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Kang Yong Electric Public Company Limited worth?
The market values Kang Yong Electric Public Company Limited at about 5.5B THB (market capitalisation, as of Nov 7, 2026). Per share that is 278.00 THB; our models calculate a fair value of 364.87 THB per share.
What do the bullish and bearish scenarios say about KYE?
Our models span a range for Kang Yong Electric Public Company Limited: cautious scenario 321.02 THB, base 364.87 THB, optimistic 382.31 THB per share (as of Nov 7, 2026, price 278.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KYE?
Kang Yong Electric Public Company Limited trades at a price-to-earnings ratio of 9.7 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 364.87 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 8.9. Other multiples: P/B 0.6, P/S 1.1, EV/EBITDA 78.7.
How solid is the balance sheet of Kang Yong Electric Public Company Limited (KYE)?
Balance-sheet figures for Kang Yong Electric Public Company Limited (as of Nov 7, 2026): return on equity 5.9%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is KYE from its 52-week high?
Kang Yong Electric Public Company Limited trades at 278.00 THB, about 10% below its 52-week high of 308.75 THB and 6% above the low of 261.25 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 364.87 THB is for.
Which stocks are comparable to Kang Yong Electric Public Company Limited?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home Co, 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 Kang Yong Electric Public Company Limited stock attractive at the current price?
The data as of Nov 7, 2026: price 278.00 THB, calculated fair value 364.87 THB (+31%), Quality Score 61/100, from 21 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 KYE calculated?
We run Kang Yong Electric Public Company Limited through 21 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 364.87 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. Kang Yong Electric Public Company Limited currently trades 24% 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 Kang Yong Electric Public Company Limited (KYE)?
The closing price on Nov 6, 2026 was 278.00 THB. Our model-based fair value is 364.87 THB, about +31% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kang Yong Electric Public Company Limited right now?
The price is below even our cautious bear case (321.02 THB). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Kang Yong Electric Public Company Limited (KYE) come from?
Earnings per share at Kang Yong Electric Public Company Limited grew −1.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share −2.0 %, EBIT margin +0.4 %, tax rate +0.4 %, residual (interest, one-offs) +0.0 %. 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 Kang Yong Electric Public Company Limited
How large is the market capitalisation of Kang Yong Electric Public Company Limited (KYE)?
The market capitalisation of Kang Yong Electric Public Company Limited is 5.5B THB (≈ $165M). 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 Kang Yong Electric Public Company Limited (KYE)?
The price-to-sales ratio of Kang Yong Electric Public Company Limited is 1.13 (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 Kang Yong Electric Public Company Limited (KYE)?
Earnings per share at Kang Yong Electric Public Company Limited are 28.63 THB (price ÷ EPS = P/E 9.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kang Yong Electric Public Company Limited (KYE)?
The dividend yield of Kang Yong Electric Public Company Limited is 5.8% (payout 55.9%). 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 Kang Yong Electric Public Company Limited (KYE)?
The net margin of Kang Yong Electric Public Company Limited is 11.8% (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 Kang Yong Electric Public Company Limited (KYE)?
The return on equity (ROE) of Kang Yong Electric Public Company Limited is 5.9% (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 Kang Yong Electric Public Company Limited (KYE)?
On an EBIT basis the return on assets of Kang Yong Electric Public Company Limited is 2.7% (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 Kang Yong Electric Public Company Limited (KYE)?
The operating margin of Kang Yong Electric Public Company Limited is −6.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kang Yong Electric Public Company Limited (KYE)?
Revenue at Kang Yong Electric Public Company Limited is growing +13.1% versus a year earlier (3y avg −17.8%). 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 Kang Yong Electric Public Company Limited (KYE)?
Earnings per share at Kang Yong Electric Public Company Limited are growing −24.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kang Yong Electric Public Company Limited (KYE) hold?
Kang Yong Electric Public Company Limited holds more cash than debt, 125M THB net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026