Rayong Wire Industries Public Company Limited (RWI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Rayong Wire Industries Public Company Limited stock THB 0.77, price THB 0.48, upside +60.0%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 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 4, 2026.
How to read this chart
60‑month range 0.1500 THB – 2.50 THB · fair‑value band 0.6720 THB – 0.8853 THB · the 0.4800 THB price screens below the 0.7680 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Rayong Wire Industries Public Company Limited engages in the manufacturing and distribution of prestressed concrete wire, prestressed concrete strand wire, and welding wire in Thailand.
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The company offers pre-stressed concrete wires for use in the production of piles, electricity poles, finished floor slabs, and concrete railroad tiles.
It also provides pre-stressed concrete strand wires that are used in construction works, including bridge beams, elevated roads, large-sized piles, and silos.
In addition, the company offers hard drawn wires for use in mattress, auto parts, wire mesh, and spring industries; low carbon steel wires, which are used in piling industry, electricity posts, and drains; and wire mesh products used in the construction of roads, buildings, and finished walls.
Rayong Wire Industries Public Company Limited was incorporated in 1994 and is based in Rayong, Thailand. Rayong Wire Industries Public Company Limited is a subsidiary of Capital Engineering Network Public Company Limited.
Stock analysis
Rayong Wire Industries Public Company Limited (RWI) currently trades at 0.4800 THB, while our model-based Fair Value estimate is 0.7680 THB, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.7300 THB per share, and 6 of the 7 models we run sit above the 0.4800 THB price.
Bear case: the Multiples group reads lowest at 0.4600 THB, and 1 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.6720 THB (bear) to 0.8853 THB (bull), the price of 0.4800 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 53/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Rayong Wire Industries Public Company Limited reported revenue of 466M THB in FY2025 versus 879M THB in FY2021, a compound −14.7%/yr. Reported net income was −121M THB in FY2025.
Key figures
Market cap 439M THB (≈ $13.1M) Micro · P/S ratio 0.84 · EPS (TTM) −0.1000 THB · Net margin −16.9% · Return on equity −8.9% · Return on assets (EBIT) −1.3% (5-year average) · Operating margin −7.4% · Revenue (TTM) 460M THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 220% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at 60%, RWI screens cheaper than that median.
Fair Value models
Bear0.6720 THBFair Value 0.7680 THBBull0.8853 THB
Price 0.4800 THB · Upside +60.0%
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
FCF DCF0.6500 THB0.7200 THB0.8400 THB80
Growth DCF0.6500 THB0.7200 THB0.8300 THB77
5Y Revenue Exit0.6300 THB0.7300 THB0.8700 THB71
All 7 models by family
DCF Models
FCF DCF0.6500 THB0.7200 THB0.8400 THB80
5Y Revenue Exit0.6300 THB0.7300 THB0.8700 THB71
10Y Revenue Exit0.6300 THB0.7000 THB0.7700 THB66
Multiples
EV/Revenue0.3500 THB0.4600 THB0.5600 THB52
Asset-Based
NCAV (Graham)0.4200 THB0.6300 THB0.7900 THB52
Growth DCF
Growth DCF0.6500 THB0.7200 THB0.8300 THB77
Rev-Margin DCF0.6300 THB0.7400 THB0.8700 THB71
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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−17.3%
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.
−20.9%
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.
−3.6%
Start year 2020 (pandemic). Over 10 years: −2.9% a year
Revenue growth 12 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.
−5.9%
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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.
−0.3% (2020) → −7.0% (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
not computed
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare Rayong Wire Industries Public Company Limited with another stock
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.Steel · 410 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets−11.5% · Bottom 25%
Net margin (12 months)−16.9% · Bottom 25%
Operating margin (12 months)−7.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)5.5% · Below median
Valuation Multiplesvs Steel median · lower = cheaper
P/B0.50× · Cheapest 25%
P/S (12 months)0.95× · Pricier than median
Price / free cash flow (fiscal year)17.5× · Pricier than median
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Cite: Fair Value Calculator (2026). "Rayong Wire Industries Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/RWI
Frequently asked questions
Is Rayong Wire Industries Public Company Limited (RWI) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.7680 THB versus a price of 0.4800 THB, about +60% upside (undervalued).
What is the fair value of RWI?
Our model-based fair value for Rayong Wire Industries Public Company Limited is 0.7680 THB (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.4800 THB.
What is the quality score of RWI?
Rayong Wire Industries Public Company Limited has a Quality Score of 53/100. 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 Rayong Wire Industries Public Company Limited (RWI)?
Our model-based price target is the fair value of 0.7680 THB (as of Nov 4, 2026) from 7 valuation models. Cautious scenario 0.6720 THB, optimistic scenario 0.8853 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Rayong Wire Industries Public Company Limited stock forecast for 2026?
Our models put fair value at 0.7680 THB, about +60% upside versus a price of 0.4800 THB (undervalued). Cautious scenario 0.6720 THB, optimistic scenario 0.8853 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Rayong Wire Industries Public Company Limited (RWI)?
Rayong Wire Industries Public Company Limited reported trailing-twelve-month revenue of about 460M THB (latest available figure, as of Nov 4, 2026).
What growth is priced into Rayong Wire Industries Public Company Limited (RWI)?
For today's price to be fair in a discounted-cash-flow model, Rayong Wire Industries Public Company Limited would have to grow free cash flow by less than minus 40 % 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 -3.6 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of RWI use?
Our models discount Rayong Wire Industries Public Company Limited at 11.6 %: a base by market capitalisation (nano), 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 Rayong Wire Industries Public Company Limited that is less than minus 40 % 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 Rayong Wire Industries Public Company Limited (RWI) delivered so far?
Over the past 5 years revenue at Rayong Wire Industries Public Company Limited grew -3.6 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 Rayong Wire Industries Public Company Limited (RWI) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Rayong Wire Industries Public Company Limited (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Rayong Wire Industries Public Company Limited (RWI)?
The free-cash-flow yield on the price is 5.73 %: that much free cash flow Rayong Wire Industries 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 Rayong Wire Industries Public Company Limited (RWI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rayong Wire Industries Public Company Limited it is 0.7680 THB per share (as of Nov 4, 2026), against a price of 0.4800 THB. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Rayong Wire Industries Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, RWI trades below its calculated fair value: price 0.4800 THB, fair value 0.7680 THB, a gap of about +60% (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 RWI?
No. The price is what the market pays today (0.4800 THB); the fair value is what the company's own numbers justify (0.7680 THB). For Rayong Wire Industries Public Company Limited the two are 0.2880 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Rayong Wire Industries Public Company Limited worth?
The market values Rayong Wire Industries Public Company Limited at about 439M THB (market capitalisation, as of Nov 4, 2026). Per share that is 0.4800 THB; our models calculate a fair value of 0.7680 THB per share.
What do the bullish and bearish scenarios say about RWI?
Our models span a range for Rayong Wire Industries Public Company Limited: cautious scenario 0.6720 THB, base 0.7680 THB, optimistic 0.8853 THB per share (as of Nov 4, 2026, price 0.4800 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Rayong Wire Industries Public Company Limited (RWI)?
Balance-sheet figures for Rayong Wire Industries Public Company Limited (as of Nov 4, 2026): return on equity −8.9%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is RWI from its 52-week high?
Rayong Wire Industries Public Company Limited trades at 0.4800 THB, about 21% below its 52-week high of 0.6100 THB and 220% above the low of 0.1500 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.7680 THB is for.
Which stocks are comparable to Rayong Wire Industries Public Company Limited?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 Rayong Wire Industries Public Company Limited stock attractive at the current price?
The data as of Nov 4, 2026: price 0.4800 THB, calculated fair value 0.7680 THB (+60%), Quality Score 53/100, from 7 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 RWI calculated?
We run Rayong Wire Industries Public Company Limited through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 0.7680 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. Rayong Wire Industries Public Company Limited currently trades 38% 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 Rayong Wire Industries Public Company Limited (RWI)?
The closing price on Nov 6, 2026 was 0.4800 THB. Our model-based fair value is 0.7680 THB, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rayong Wire Industries Public Company Limited right now?
The price is below even our cautious bear case (0.6720 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Rayong Wire Industries Public Company Limited
How large is the market capitalisation of Rayong Wire Industries Public Company Limited (RWI)?
The market capitalisation of Rayong Wire Industries Public Company Limited is 439M THB (≈ $13.1M). 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 Rayong Wire Industries Public Company Limited (RWI)?
The price-to-sales ratio of Rayong Wire Industries Public Company Limited is 0.84 (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 Rayong Wire Industries Public Company Limited (RWI)?
Earnings per share at Rayong Wire Industries Public Company Limited are −0.1000 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Rayong Wire Industries Public Company Limited (RWI)?
The net margin of Rayong Wire Industries Public Company Limited is −16.9% (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 Rayong Wire Industries Public Company Limited (RWI)?
The return on equity (ROE) of Rayong Wire Industries Public Company Limited is −8.9% (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 Rayong Wire Industries Public Company Limited (RWI)?
On an EBIT basis the return on assets of Rayong Wire Industries Public Company Limited is −1.3% (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 Rayong Wire Industries Public Company Limited (RWI)?
The operating margin of Rayong Wire Industries Public Company Limited is −7.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rayong Wire Industries Public Company Limited (RWI)?
Revenue at Rayong Wire Industries Public Company Limited is growing +5.5% versus a year earlier (3y avg −20.9%). 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 Rayong Wire Industries Public Company Limited (RWI)?
Earnings per share at Rayong Wire Industries Public Company Limited are growing +530% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Rayong Wire Industries Public Company Limited (RWI) hold?
Rayong Wire Industries Public Company Limited holds more cash than debt, 89.9M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 4, 2026