P.S.P. Specialties Public Company Limited (PSP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of P.S.P. Specialties Public Company Limited stock THB 6.73, price THB 7.00, that is 3.9% below the price, quality 62 out of 100. Rating: fairly valued. 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 8, 2026.
How to read this chart
38‑month range 3.00 THB – 11.24 THB · fair‑value band 4.56 THB – 9.19 THB · the 7.00 THB price screens above the 6.73 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow P.S.P. Specialties Public Company in your weekly email
Every Wednesday you see whether P.S.P. Specialties 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.
P.S.P. Specialties Public Company Limited, together with its subsidiaries, manufactures and sells lubricant and grease oils in Thailand. It operates through Sales and Services segments.
Show moreShow less
The company offers automotive and industrial lubricants, such as passenger car motor, motorcycle, heavy-duty diesel engine, marine engine, hydraulic, industrial engine and gear, turbine, heat transfer, compressor and refrigeration, white, and natural gas engine oil; transmission fluids; coolants; and metal working fluids.
It also provides rubber process oil products comprising paraffinic, naphthenic, aromatic, and bio rubber process oil, as well as transformer oil products.
In addition, the company offers lithium and lithium complex, calcium, and aluminium grease products; and gasoline and diesel fuel additives, and flushing and engine flush oils.
Further, it provides terminalling services; logistics solutions comprising sea and air freight forwarding, and cross-border express services; storage and warehouse; and transportation services.
Additionally, the company operates distribution centers; provides and sells chemical recycling services, safety equipment and providing safety training services; trades in fuel, lubricant, and chemicals; and invests in companies.
P.S.P. Specialties Public Company Limited was founded in 1989 and is headquartered in Bangkok, Thailand.
Stock analysis
P.S.P. Specialties Public Company Limited (PSP) currently trades at 7.00 THB, while our model-based Fair Value estimate is 6.73 THB, so the stock looks roughly fairly valued today (gap 4.0%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 8.25 THB per share, and 9 of the 24 models we run sit above the 7.00 THB price.
Bear case: the Dividend Discount group reads lowest at 2.25 THB, and 15 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4.56 THB (bear) to 9.19 THB (bull), the price of 7.00 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 62/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
P.S.P. Specialties Public Company Limited reported revenue of 12.7B THB in FY2025 versus 10.8B THB in FY2021, a compound +4.2%/yr. Reported net income was 851M THB in FY2025, compounding +21.2%/yr from FY2021.
Key figures
Market cap 10.2B THB (≈ $305M) Small · P/E ratio 8.8 · P/S ratio 0.78 · EPS (TTM) 0.8000 THB · Dividend yield 2.9% · Net margin 8.6% · Return on equity 25.2% · Return on assets (EBIT) 10.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 66% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −4%, PSP screens cheaper than that median.
Fair Value models
Bear4.56 THBFair Value 6.73 THBBull9.19 THB
Price 7.00 THB · Downside -3.9%
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 (0.5145 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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.7%
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.
−1.2%
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.
+12.7%
Start year 2020 (pandemic)
Revenue growth 6 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.
+6.9%
’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. Basis: EBIT basis. 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.
≈ +22.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.0%
Dividend (yield on the price)2.9%
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.5% → 7%
⚠ Rate on operating basis: 2025 sits 58% above its own trend.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+10.3%
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 +9.0% a year for the price.
Compare P.S.P. Specialties 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.Specialty Chemicals · 728 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−3.9% · Above median
Profitability
Return on equity (12 months)25.2% · Top 25%
Return on assets11.1% · Top 25%
Net margin (12 months)8.6% · Above median
Operating margin (12 months)15.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.1% · Above median
Dividend yield (12 months)2.9% · Above median
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)8.8× · Cheapest 25%
P/B2.43× · Pricier than median
P/S (12 months)0.78× · Cheaper than median
Price / free cash flow (fiscal year)15.2× · Cheaper 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). "P.S.P. Specialties Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/PSP
Frequently asked questions
Is P.S.P. Specialties Public Company Limited (PSP) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 6.73 THB versus a price of 7.00 THB, about 4% lower (fairly valued).
What is the fair value of PSP?
Our model-based fair value for P.S.P. Specialties Public Company Limited is 6.73 THB (as of Nov 8, 2026), built from audited fundamentals. The current price: 7.00 THB.
What is the quality score of PSP?
P.S.P. Specialties Public Company Limited has a Quality Score of 62/100. 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 P.S.P. Specialties Public Company Limited (PSP)?
Our model-based price target is the fair value of 6.73 THB (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 4.56 THB, optimistic scenario 9.19 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the P.S.P. Specialties Public Company Limited stock forecast for 2026?
Our models put fair value at 6.73 THB, about 4% lower versus a price of 7.00 THB (fairly valued). Cautious scenario 4.56 THB, optimistic scenario 9.19 THB. The calculation is refreshed regularly with new filings.
What is the revenue of P.S.P. Specialties Public Company Limited (PSP)?
P.S.P. Specialties Public Company Limited reported trailing-twelve-month revenue of about 13.1B THB (latest available figure, as of Nov 8, 2026).
Does P.S.P. Specialties Public Company Limited pay a dividend?
P.S.P. Specialties Public Company Limited currently shows a dividend yield of 2.86% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of P.S.P. Specialties Public Company Limited (PSP) and when is the ex-dividend date?
P.S.P. Specialties Public Company Limited pays a dividend of 0.2 THB per share a year, a dividend yield of 2.9%. The last ex-dividend date was Sep 18, 2026. The payout ratio is 25.0% of earnings. Free cash flow covers the dividend 2.40 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 P.S.P. Specialties Public Company Limited (PSP)?
For today's price to be fair in a discounted-cash-flow model, P.S.P. Specialties Public Company Limited would have to grow free cash flow by +10.3 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.8 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of PSP use?
Our models discount P.S.P. Specialties Public Company Limited at 11.6 %: a base by market capitalisation (small), damped by beta 0.36, 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 P.S.P. Specialties Public Company Limited that is +10.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has P.S.P. Specialties Public Company Limited (PSP) delivered so far?
Over the past 5 years revenue at P.S.P. Specialties Public Company Limited grew +12.8 % a year. The price currently implies free-cash-flow growth of +10.3 % 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 P.S.P. Specialties Public Company Limited (PSP) growing?
The median revenue growth in the sector is +11.2 % a year. That is the yardstick for the growth priced into P.S.P. Specialties Public Company Limited (+10.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of P.S.P. Specialties Public Company Limited (PSP)?
The free-cash-flow yield on the price is 6.86 %: that much free cash flow P.S.P. Specialties Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of P.S.P. Specialties Public Company Limited (PSP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For P.S.P. Specialties Public Company Limited it is 6.73 THB per share (as of Nov 8, 2026), against a price of 7.00 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 P.S.P. Specialties Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, PSP trades above its calculated fair value: price 7.00 THB, fair value 6.73 THB, a gap of about −4% (fairly valued). 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 PSP?
No. The price is what the market pays today (7.00 THB); the fair value is what the company's own numbers justify (6.73 THB). For P.S.P. Specialties Public Company Limited the two are 0.2700 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is P.S.P. Specialties Public Company Limited worth?
The market values P.S.P. Specialties Public Company Limited at about 10.2B THB (market capitalisation, as of Nov 8, 2026). Per share that is 7.00 THB; our models calculate a fair value of 6.73 THB per share.
What do the bullish and bearish scenarios say about PSP?
Our models span a range for P.S.P. Specialties Public Company Limited: cautious scenario 4.56 THB, base 6.73 THB, optimistic 9.19 THB per share (as of Nov 8, 2026, price 7.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PSP?
P.S.P. Specialties Public Company Limited trades at a price-to-earnings ratio of 8.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6.73 THB is built from several models across several years. Other multiples: P/B 2.4, P/S 0.8, EV/EBITDA 7.5.
How solid is the balance sheet of P.S.P. Specialties Public Company Limited (PSP)?
Balance-sheet figures for P.S.P. Specialties Public Company Limited (as of Nov 8, 2026): return on equity 25.2%, debt of 0.12 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is PSP from its 52-week high?
P.S.P. Specialties Public Company Limited trades at 7.00 THB, about 17% below its 52-week high of 8.40 THB and 66% above the low of 4.23 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6.73 THB is for.
Which stocks are comparable to P.S.P. Specialties Public Company Limited?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 P.S.P. Specialties Public Company Limited stock attractive at the current price?
The data as of Nov 8, 2026: price 7.00 THB, calculated fair value 6.73 THB (−4%), Quality Score 62/100, 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 PSP calculated?
We run P.S.P. Specialties 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 6.73 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. P.S.P. Specialties 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 P.S.P. Specialties Public Company Limited (PSP)?
The closing price on Nov 6, 2026 was 7.00 THB. Our model-based fair value is 6.73 THB, about 4% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with P.S.P. Specialties Public Company Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (4.56 THB to 9.19 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 P.S.P. Specialties Public Company Limited
How large is the market capitalisation of P.S.P. Specialties Public Company Limited (PSP)?
The market capitalisation of P.S.P. Specialties Public Company Limited is 10.2B THB (≈ $305M). 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 P.S.P. Specialties Public Company Limited (PSP)?
The price-to-sales ratio of P.S.P. Specialties Public Company Limited is 0.78 (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 P.S.P. Specialties Public Company Limited (PSP)?
Earnings per share at P.S.P. Specialties Public Company Limited are 0.8000 THB (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of P.S.P. Specialties Public Company Limited (PSP)?
The dividend yield of P.S.P. Specialties Public Company Limited is 2.9% (payout 25.0%). 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 P.S.P. Specialties Public Company Limited (PSP)?
The net margin of P.S.P. Specialties Public Company Limited is 8.6% (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 P.S.P. Specialties Public Company Limited (PSP)?
The return on equity (ROE) of P.S.P. Specialties Public Company Limited is 25.2% (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 P.S.P. Specialties Public Company Limited (PSP)?
On an EBIT basis the return on assets of P.S.P. Specialties Public Company Limited is 10.9% (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 P.S.P. Specialties Public Company Limited (PSP)?
The operating margin of P.S.P. Specialties Public Company Limited is 15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at P.S.P. Specialties Public Company Limited (PSP)?
Revenue at P.S.P. Specialties Public Company Limited is growing +19.1% versus a year earlier (3y avg −1.2%). 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 P.S.P. Specialties Public Company Limited (PSP)?
Earnings per share at P.S.P. Specialties Public Company Limited are growing +105% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does P.S.P. Specialties Public Company Limited (PSP) carry?
The net debt of P.S.P. Specialties Public Company Limited is 1.3B THB (fiscal year 2025, ≈ 1.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch P.S.P. Specialties Public Company Limited in the live analysis
One click puts P.S.P. Specialties 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 8, 2026