Pato Chemical Industry Public Company Limited (PATO) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Pato Chemical Industry Public Company Limited stock THB 5.22, price THB 6.05, that is 13.8% below the price, quality 66 out of 100. Rating: overvalued. Calculated from audited financials with 24 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 6.00 THB – 9.86 THB · fair‑value band 3.78 THB – 7.60 THB · the 6.05 THB price screens above the 5.22 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
Follow Pato Chemical Industry Public Company in your weekly email
Every Wednesday you see whether Pato Chemical Industry Public Company is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Pato Chemical Industry Public Company Limited engages in formulating and distributing of pesticides in Thailand. It offers herbicides, insecticides, fungicides, and acaricides, as well as plant growth regulators, and molluscicides.
Show moreShow less
Pato Chemical Industry Public Company Limited was founded in 1972 and is headquartered in Bangkok, Thailand.
Stock analysis
Pato Chemical Industry Public Company Limited (PATO) currently trades at 6.05 THB, while our model-based Fair Value estimate is 5.22 THB, 14% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 6.76 THB per share, and 7 of the 24 models we run sit above the 6.05 THB price.
Bear case: the Asset-Based group reads lowest at 2.54 THB, and 17 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3.78 THB (bear) to 7.60 THB (bull), the price of 6.05 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 66/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Pato Chemical Industry Public Company Limited reported revenue of 484M THB in FY2025 versus 646M THB in FY2021, a compound −7.0%/yr. Reported net income was 64.9M THB in FY2025, compounding −14.0%/yr from FY2021.
Key figures
Market cap 861M THB (≈ $25.8M) Micro · P/E ratio 14.8 · P/S ratio 1.95 · EPS (TTM) 0.4100 THB · Dividend yield 7.4% · Net margin 13.3% · Return on equity 13.2% · Return on assets (EBIT) 15.2% (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 15% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 4% fair-value upside, at −14%, PATO screens richer than that median.
Fair Value models
Bear3.78 THBFair Value 5.22 THBBull7.60 THB
Price 6.05 THB · Downside -13.8%
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 DCF2.15 THB2.75 THB3.85 THB81
Growth DCF2.21 THB2.79 THB3.76 THB80
Owner Earnings2.11 THB2.70 THB3.77 THB77
All 24 models by family
DCF Models
FCF DCF2.15 THB2.75 THB3.85 THB81
Owner Earnings2.11 THB2.70 THB3.77 THB77
5Y Revenue Exit2.93 THB4.35 THB6.43 THB72
5Y EBITDA Exit3.26 THB4.92 THB7.12 THB75
5Y P/E Exit3.95 THB6.08 THB8.63 THB70
10Y Revenue Exit2.50 THB3.65 THB4.97 THB67
10Y EBITDA Exit2.78 THB4.00 THB5.40 THB69
10Y P/E Exit3.18 THB4.73 THB6.34 THB64
Earnings-Based
Graham-Dodd3.10 THB5.23 THB6.37 THB67
EPV3.69 THB4.21 THB4.66 THB74
Dividend Discount
Gordon GGM5.00 THB6.10 THB7.19 THB69
DDM Multi-Stage5.00 THB6.50 THB8.22 THB67
Multiples
P/E Multiple5.81 THB7.75 THB9.68 THB63
P/S Multiple3.82 THB5.10 THB6.37 THB58
P/B Multiple7.27 THB9.70 THB12.12 THB55
EV/EBIT5.59 THB7.39 THB9.20 THB66
EV/EBITDA4.64 THB6.13 THB7.62 THB67
EV/Revenue3.73 THB5.26 THB6.79 THB54
Asset-Based
NCAV (Graham)1.67 THB2.54 THB3.17 THB54
Growth DCF
Growth DCF2.21 THB2.79 THB3.76 THB80
Rev-Margin DCF2.93 THB4.38 THB6.18 THB73
Economic Profit
Residual Income3.15 THB3.65 THB4.58 THB76
ROIC Compounder3.71 THB4.31 THB4.94 THB72
Growth Earnings
Growth-Adj P/E4.14 THB5.91 THB7.69 THB67
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−22.9%
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.
+2.7%
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.
−2.6%
Start year 2020 (pandemic). Over 10 years: −2.9% a year
Revenue growth 25 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.
−2.7%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+1.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.6%
Dividend (yield on the price)7.4%
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.−5.6% vs −6.8%, steady
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.18% → 15%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.9%/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.
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).
+13.6%
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 +12.3% a year for the price.
Compare Pato Chemical Industry Public Company Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Agricultural Inputs · 162 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−14.5% · Below median
Profitability
Return on equity (12 months)13.2% · Above median
Return on assets12.0% · Top 25%
Net margin (12 months)13.3% · Top 25%
Operating margin (12 months)16.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−15.3% · Bottom 25%
Dividend yield (12 months)7.4% · Top 25%
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
P/E (12 months)14.8× · Cheaper than median
P/B1.82× · Pricier than median
P/S (12 months)1.95× · Priciest 25%
Price / free cash flow (fiscal year)28.4× · Pricier than median
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). "Pato Chemical Industry Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/PATO
Frequently asked questions
Is Pato Chemical Industry Public Company Limited (PATO) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 5.22 THB versus a price of 6.05 THB, about 14% lower (overvalued).
What is the fair value of PATO?
Our model-based fair value for Pato Chemical Industry Public Company Limited is 5.22 THB (as of Nov 3, 2026), built from audited fundamentals. The current price: 6.05 THB.
What is the quality score of PATO?
Pato Chemical Industry Public Company Limited has a Quality Score of 66/100. 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 Pato Chemical Industry Public Company Limited (PATO)?
Our model-based price target is the fair value of 5.22 THB (as of Nov 3, 2026) from 24 valuation models. Cautious scenario 3.78 THB, optimistic scenario 7.60 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Pato Chemical Industry Public Company Limited stock forecast for 2026?
Our models put fair value at 5.22 THB, about 14% lower versus a price of 6.05 THB (overvalued). Cautious scenario 3.78 THB, optimistic scenario 7.60 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Pato Chemical Industry Public Company Limited (PATO)?
Pato Chemical Industry Public Company Limited reported trailing-twelve-month revenue of about 446M THB (latest available figure, as of Nov 3, 2026).
Does Pato Chemical Industry Public Company Limited pay a dividend?
Pato Chemical Industry Public Company Limited currently shows a dividend yield of 7.44% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Pato Chemical Industry Public Company Limited (PATO) and when is the ex-dividend date?
Pato Chemical Industry Public Company Limited pays a dividend of 0.45 THB per share a year, a dividend yield of 7.4%. The last ex-dividend date was Mar 19, 2026. A dividend has been paid every year since 1999. The payout ratio is 110% of earnings. Free cash flow covers the dividend 0.48 times. 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 growth is priced into Pato Chemical Industry Public Company Limited (PATO)?
For today's price to be fair in a discounted-cash-flow model, Pato Chemical Industry Public Company Limited would have to grow free cash flow by +13.6 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of PATO use?
Our models discount Pato Chemical Industry Public Company Limited at 10.1 %: a base by market capitalisation (nano), damped by beta 0.25, 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 Pato Chemical Industry Public Company Limited that is +13.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Pato Chemical Industry Public Company Limited (PATO) delivered so far?
Over the past 5 years revenue at Pato Chemical Industry Public Company Limited grew -2.6 % a year. The price currently implies free-cash-flow growth of +13.6 % 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 Pato Chemical Industry Public Company Limited (PATO) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Pato Chemical Industry Public Company Limited (+13.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Pato Chemical Industry Public Company Limited (PATO)?
The free-cash-flow yield on the price is 3.55 %: that much free cash flow Pato Chemical Industry Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pato Chemical Industry Public Company Limited (PATO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pato Chemical Industry Public Company Limited it is 5.22 THB per share (as of Nov 3, 2026), against a price of 6.05 THB. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Pato Chemical Industry Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 3, 2026, PATO trades above its calculated fair value: price 6.05 THB, fair value 5.22 THB, a gap of about −14% (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 PATO?
No. The price is what the market pays today (6.05 THB); the fair value is what the company's own numbers justify (5.22 THB). For Pato Chemical Industry Public Company Limited the two are 0.8344 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Pato Chemical Industry Public Company Limited worth?
The market values Pato Chemical Industry Public Company Limited at about 861M THB (market capitalisation, as of Nov 3, 2026). Per share that is 6.05 THB; our models calculate a fair value of 5.22 THB per share.
What do the bullish and bearish scenarios say about PATO?
Our models span a range for Pato Chemical Industry Public Company Limited: cautious scenario 3.78 THB, base 5.22 THB, optimistic 7.60 THB per share (as of Nov 3, 2026, price 6.05 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PATO?
Pato Chemical Industry Public Company Limited trades at a price-to-earnings ratio of 14.8 (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 5.22 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 14.9. Other multiples: P/B 1.8, P/S 1.9, EV/EBITDA 11.5.
How solid is the balance sheet of Pato Chemical Industry Public Company Limited (PATO)?
Balance-sheet figures for Pato Chemical Industry Public Company Limited (as of Nov 3, 2026): return on equity 13.2%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is PATO from its 52-week high?
Pato Chemical Industry Public Company Limited trades at 6.05 THB, about 15% below its 52-week high of 7.08 THB and 1% above the low of 6.00 THB (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 5.22 THB is for.
Which stocks are comparable to Pato Chemical Industry Public Company Limited?
From the same area (Basic Materials) we also value Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, Yara International ASA, 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 Pato Chemical Industry Public Company Limited stock attractive at the current price?
The data as of Nov 3, 2026: price 6.05 THB, calculated fair value 5.22 THB (−14%), Quality Score 66/100, from 24 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 PATO calculated?
We run Pato Chemical Industry Public Company Limited through 24 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 5.22 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. Pato Chemical Industry 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 Pato Chemical Industry Public Company Limited (PATO)?
The closing price on Nov 9, 2026 was 6.05 THB. Our model-based fair value is 5.22 THB, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pato Chemical Industry Public Company Limited right now?
Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (3.78 THB to 7.60 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.
Where does the earnings growth of Pato Chemical Industry Public Company Limited (PATO) come from?
Earnings per share at Pato Chemical Industry Public Company Limited grew −5.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share −2.2 %, EBIT margin −3.7 %, tax rate −0.1 %, residual (interest, one-offs) +0.5 %. 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 Pato Chemical Industry Public Company Limited
How large is the market capitalisation of Pato Chemical Industry Public Company Limited (PATO)?
The market capitalisation of Pato Chemical Industry Public Company Limited is 861M THB (≈ $25.8M). 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 Pato Chemical Industry Public Company Limited (PATO)?
The price-to-sales ratio of Pato Chemical Industry Public Company Limited is 1.95 (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 Pato Chemical Industry Public Company Limited (PATO)?
Earnings per share at Pato Chemical Industry Public Company Limited are 0.4100 THB (price ÷ EPS = P/E 14.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pato Chemical Industry Public Company Limited (PATO)?
The dividend yield of Pato Chemical Industry Public Company Limited is 7.4% (payout 110%). 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 Pato Chemical Industry Public Company Limited (PATO)?
The net margin of Pato Chemical Industry Public Company Limited is 13.3% (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 Pato Chemical Industry Public Company Limited (PATO)?
The return on equity (ROE) of Pato Chemical Industry Public Company Limited is 13.2% (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 Pato Chemical Industry Public Company Limited (PATO)?
On an EBIT basis the return on assets of Pato Chemical Industry Public Company Limited is 15.2% (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 Pato Chemical Industry Public Company Limited (PATO)?
The operating margin of Pato Chemical Industry Public Company Limited is 16.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pato Chemical Industry Public Company Limited (PATO)?
Revenue at Pato Chemical Industry Public Company Limited is growing −15.3% versus a year earlier (3y avg +2.7%). 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 Pato Chemical Industry Public Company Limited (PATO)?
Earnings per share at Pato Chemical Industry Public Company Limited are growing −13.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Pato Chemical Industry Public Company Limited (PATO) hold?
Pato Chemical Industry Public Company Limited holds more cash than debt, 23.0M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Pato Chemical Industry Public Company Limited in the live analysis
One click puts Pato Chemical Industry Public Company Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 3, 2026