Nova Empire Public Company Limited (NOVA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Nova Empire Public Company Limited stock THB 7.70, price THB 5.50, upside +40.0%, quality 47 out of 100. Rating: undervalued. Calculated from audited financials with 2 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 5.25 THB – 15.13 THB · fair‑value band 4.58 THB – 12.86 THB · the 5.50 THB price screens below the 7.70 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Nova Empire Public Company Limited, together with its subsidiaries, engages in the production and distribution of electricity in Thailand.
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It generates solar energy; provides offshore services related to the oil and gas industry; and provides ship management services, as well as engages in the investment business.
The company was formerly known as Thailand Iron Works Public Company Limited and changed its name to Nova Empire Public Company Limited in January 2021. Nova Empire Public Company Limited was founded in 1958 and is based in Bangkok, Thailand.
Stock analysis
Nova Empire Public Company Limited (NOVA) currently trades at 5.50 THB, while our model-based Fair Value estimate is 7.70 THB, implying the stock looks roughly 29% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: 4.58 THB (bear) to 12.86 THB (bull), the price of 5.50 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 47/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Nova Empire Public Company Limited reported revenue of 629M THB in FY2025 versus 44.0M THB in FY2021, a compound +94.4%/yr. Reported net income was −23.4M THB in FY2025.
Key figures
Market cap 645M THB (≈ $19.2M) Micro · P/S ratio 0.93 · EPS (TTM) −0.7800 THB · Net margin −16.4% · Return on equity −9.5% · Return on assets (EBIT) 2.3% (5-year average) · Operating margin 22.5% · Revenue (TTM) 725M THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −30% fair-value upside, at 40%, NOVA screens cheaper than that median.
Fair Value models
Bear4.58 THBFair Value 7.70 THBBull12.86 THB
Price 5.50 THB · Upside +40.0%
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
Owner Earnings2.29 THB3.85 THB6.43 THB74
NCAV (Graham)4.96 THB6.65 THB9.93 THB54
All 2 models by family
DCF Models
Owner Earnings2.29 THB3.85 THB6.43 THB74
Asset-Based
NCAV (Graham)4.96 THB6.65 THB9.93 THB54
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.17/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+1,104.2%
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.
−9.0%
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.
+8.4%
Start year 2020 (pandemic). Over 10 years: +6.2% a year
Revenue growth 20 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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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.
−23.8% (2020) → 2.9% (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
Compare Nova Empire 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.Oil & Gas Midstream · 81 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+40.0% · Top 25%
Profitability
Return on assets−0.6% · Bottom 25%
Net margin (12 months)−16.4% · Bottom 25%
Operating margin (12 months)22.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.5% · Bottom 25%
Balance sheet
Debt / equity0.81× · Below median
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
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). "Nova Empire Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/NOVA
Frequently asked questions
Is Nova Empire Public Company Limited (NOVA) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 7.70 THB versus a price of 5.50 THB, about +40% upside (undervalued).
What is the fair value of NOVA?
Our model-based fair value for Nova Empire Public Company Limited is 7.70 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 5.50 THB.
What is the quality score of NOVA?
Nova Empire Public Company Limited has a Quality Score of 47/100. 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 Nova Empire Public Company Limited (NOVA)?
Our model-based price target is the fair value of 7.70 THB (as of Nov 7, 2026) from 2 valuation models. Cautious scenario 4.58 THB, optimistic scenario 12.86 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Nova Empire Public Company Limited stock forecast for 2026?
Our models put fair value at 7.70 THB, about +40% upside versus a price of 5.50 THB (undervalued). Cautious scenario 4.58 THB, optimistic scenario 12.86 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Nova Empire Public Company Limited (NOVA)?
Nova Empire Public Company Limited reported trailing-twelve-month revenue of about 725M THB (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Nova Empire Public Company Limited (NOVA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nova Empire Public Company Limited it is 7.70 THB per share (as of Nov 7, 2026), against a price of 5.50 THB. It is the blended result of 2 valuation models in 2 families (DCF Models, Asset-Based).
Is Nova Empire Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, NOVA trades below its calculated fair value: price 5.50 THB, fair value 7.70 THB, a gap of about +40% (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 NOVA?
No. The price is what the market pays today (5.50 THB); the fair value is what the company's own numbers justify (7.70 THB). For Nova Empire Public Company Limited the two are 2.20 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Nova Empire Public Company Limited worth?
The market values Nova Empire Public Company Limited at about 645M THB (market capitalisation, as of Nov 7, 2026). Per share that is 5.50 THB; our models calculate a fair value of 7.70 THB per share.
What do the bullish and bearish scenarios say about NOVA?
Our models span a range for Nova Empire Public Company Limited: cautious scenario 4.58 THB, base 7.70 THB, optimistic 12.86 THB per share (as of Nov 7, 2026, price 5.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of NOVA?
The PEG ratio of Nova Empire Public Company Limited is 0.01 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Nova Empire Public Company Limited (NOVA)?
Balance-sheet figures for Nova Empire Public Company Limited (as of Nov 7, 2026): return on equity −9.5%, debt of 0.81 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is NOVA from its 52-week high?
Nova Empire Public Company Limited trades at 5.50 THB, about 46% below its 52-week high of 10.20 THB and 5% above the low of 5.25 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7.70 THB is for.
Which stocks are comparable to Nova Empire Public Company Limited?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Kinder Morgan, Inc, 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 Nova Empire Public Company Limited stock attractive at the current price?
The data as of Nov 7, 2026: price 5.50 THB, calculated fair value 7.70 THB (+40%), Quality Score 47/100, from 2 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 NOVA calculated?
We run Nova Empire Public Company Limited through 2 models from 2 families: DCF Models, Asset-Based. Every model gets the same audited fundamentals; the fair value of 7.70 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 13.0% above its aggregate fair value. Nova Empire Public Company Limited currently trades 29% 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 Nova Empire Public Company Limited (NOVA)?
The closing price on Nov 6, 2026 was 5.50 THB. Our model-based fair value is 7.70 THB, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nova Empire Public Company Limited right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (4.58 THB to 12.86 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Nova Empire Public Company Limited
How large is the market capitalisation of Nova Empire Public Company Limited (NOVA)?
The market capitalisation of Nova Empire Public Company Limited is 645M THB (≈ $19.2M). 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 Nova Empire Public Company Limited (NOVA)?
The price-to-sales ratio of Nova Empire 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 Nova Empire Public Company Limited (NOVA)?
Earnings per share at Nova Empire Public Company Limited are −0.7800 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nova Empire Public Company Limited (NOVA)?
The net margin of Nova Empire Public Company Limited is −16.4% (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 Nova Empire Public Company Limited (NOVA)?
The return on equity (ROE) of Nova Empire Public Company Limited is −9.5% (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 Nova Empire Public Company Limited (NOVA)?
On an EBIT basis the return on assets of Nova Empire Public Company Limited is 2.3% (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 Nova Empire Public Company Limited (NOVA)?
The operating margin of Nova Empire Public Company Limited is 22.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nova Empire Public Company Limited (NOVA)?
Revenue at Nova Empire Public Company Limited is growing −0.5% versus a year earlier (3y avg −9.0%). 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 Nova Empire Public Company Limited (NOVA)?
Earnings per share at Nova Empire Public Company Limited are growing +55.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Nova Empire Public Company Limited (NOVA) generate?
The free cash flow of Nova Empire Public Company Limited is −53.0M 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 Nova Empire Public Company Limited (NOVA) carry?
The net debt of Nova Empire Public Company Limited is 3.6B 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 7, 2026