Sappe Public Company Limited (SAPPE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sappe Public Company Limited stock THB 26.30, price THB 30.00, that is 12.3% below the price, quality 59 out of 100. Rating: overvalued. Calculated from audited financials with 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
60‑month range 19.69 THB – 94.58 THB · fair‑value band 16.45 THB – 40.03 THB · the 30.00 THB price screens above the 26.30 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Sappe Public Company in your weekly email
Every Wednesday you see whether Sappe 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.
Sappe Public Company Limited, together with its subsidiaries, manufactures and distributes health drinking, food, and coconut products in Thailand, Asia, Europe, the United States, and internationally. The company operates through two segments, Health Drinking Products and Coconut Products.
Show moreShow less
It offers ready-to-drink fruit juices, functional drinks, functional powders, snacks, supplements, jellies, distribution of candy and coffee products. In addition, the company offers provision of group management service and digital transformation products.
The company sells its products under the Mogu Mogu, Sappe Aloe Vera, Maxtive, Preaw, Gumi Gumi Jelly, B'lue, all coco, and Sappe Beauty brand names. The company was formerly known as Sapanan General Food Company Limited and changed its name to Sappe Public Company Limited in September 2013.
Sappe Public Company Limited was founded in 1973 and is headquartered in Bangkok, Thailand.
Stock analysis
Sappe Public Company Limited (SAPPE) currently trades at 30.00 THB, while our model-based Fair Value estimate is 26.30 THB, 12% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 49.68 THB per share, and 8 of the 26 models we run sit above the 30.00 THB price.
Bear case: the Asset-Based group reads lowest at 2.91 THB, and 18 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 16.45 THB (bear) to 40.03 THB (bull), the price of 30.00 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 59/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sappe Public Company Limited reported revenue of 5.3B THB in FY2025 versus 3.4B THB in FY2021, a compound +11.1%/yr. Reported net income was 776M THB in FY2025, compounding +17.2%/yr from FY2021.
Key figures
Market cap 9.2B THB (≈ $276M) Micro · P/E ratio 13.6 · P/S ratio 1.69 · EPS (TTM) 2.20 THB · Dividend yield 5.8% · Net margin 12.4% · Return on equity 16.5% · Return on assets (EBIT) 19.5% (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 16% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −23% fair-value upside, at −12%, SAPPE screens cheaper than that median.
Fair Value models
Bear16.45 THBFair Value 26.30 THBBull40.03 THB
Price 30.00 THB · Downside -12.3%
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 (0.3859 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.71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−22.5%
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.
+4.8%
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.
+10.0%
Start year 2020 (pandemic). Over 10 years: +7.6% a year
Revenue growth 13 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%
’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.
+19.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.8%
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.13.8% vs 6.5%, picking up
Profit margin 2021 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.16% → 16%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+23.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +22.2% a year for the price and +5.5% for the forecasts.
Compare Sappe 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.Beverages - Non-Alcoholic · 80 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Below median
Fair Value upside−12.3% · Below median
Profitability
Return on equity (12 months)16.5% · Above median
Return on assets13.9% · Top 25%
Net margin (12 months)12.4% · Above median
Operating margin (12 months)15.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)−2.9% · Bottom 25%
Dividend yield (12 months)5.8% · Top 25%
Valuation Multiplesvs Beverages - Non-Alcoholic median · lower = cheaper
P/E (12 months)13.6× · Cheaper than median
P/B2.13× · Pricier than median
P/S (12 months)1.69× · Pricier than median
Price / free cash flow (fiscal year)26.9× · 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). "Sappe Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SAPPE
Frequently asked questions
Is Sappe Public Company Limited (SAPPE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 26.30 THB versus a price of 30.00 THB, about 12% lower (overvalued).
What is the fair value of SAPPE?
Our model-based fair value for Sappe Public Company Limited is 26.30 THB (as of Nov 8, 2026), built from audited fundamentals. The current price: 30.00 THB.
What is the quality score of SAPPE?
Sappe Public Company Limited has a Quality Score of 59/100. 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 Sappe Public Company Limited (SAPPE)?
Our model-based price target is the fair value of 26.30 THB (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 16.45 THB, optimistic scenario 40.03 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Sappe Public Company Limited stock forecast for 2026?
Our models put fair value at 26.30 THB, about 12% lower versus a price of 30.00 THB (overvalued). Cautious scenario 16.45 THB, optimistic scenario 40.03 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Sappe Public Company Limited (SAPPE)?
Sappe Public Company Limited reported trailing-twelve-month revenue of about 5.5B THB (latest available figure, as of Nov 8, 2026).
Does Sappe Public Company Limited pay a dividend?
Sappe Public Company Limited currently shows a dividend yield of 5.83% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Sappe Public Company Limited (SAPPE) and when is the ex-dividend date?
Sappe Public Company Limited pays a dividend of 1.75 THB per share a year, a dividend yield of 5.8%. The last ex-dividend date was Apr 29, 2026. A dividend has been paid every year since at least 2015. The payout ratio is 79.5% of earnings. Free cash flow covers the dividend 0.65 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Sappe Public Company Limited (SAPPE)?
For today's price to be fair in a discounted-cash-flow model, Sappe Public Company Limited would have to grow free cash flow by +23.7 % per year for five years (discount rate 14.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SAPPE use?
Our models discount Sappe Public Company Limited at 14.6 %: a base by market capitalisation (micro), 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 Sappe Public Company Limited that is +23.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.6 %) and the same formula as our fair value.
How much growth has Sappe Public Company Limited (SAPPE) delivered so far?
Over the past 5 years revenue at Sappe Public Company Limited grew +10.0 % a year. The price currently implies free-cash-flow growth of +23.7 % 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 Sappe Public Company Limited (SAPPE) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Sappe Public Company Limited (+23.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sappe Public Company Limited (SAPPE)?
The free-cash-flow yield on the price is 3.71 %: that much free cash flow Sappe Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (14.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sappe Public Company Limited (SAPPE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sappe Public Company Limited it is 26.30 THB per share (as of Nov 8, 2026), against a price of 30.00 THB. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sappe Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SAPPE trades above its calculated fair value: price 30.00 THB, fair value 26.30 THB, a gap of about −12% (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 SAPPE?
No. The price is what the market pays today (30.00 THB); the fair value is what the company's own numbers justify (26.30 THB). For Sappe Public Company Limited the two are 3.70 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Sappe Public Company Limited worth?
The market values Sappe Public Company Limited at about 9.2B THB (market capitalisation, as of Nov 8, 2026). Per share that is 30.00 THB; our models calculate a fair value of 26.30 THB per share.
What do the bullish and bearish scenarios say about SAPPE?
Our models span a range for Sappe Public Company Limited: cautious scenario 16.45 THB, base 26.30 THB, optimistic 40.03 THB per share (as of Nov 8, 2026, price 30.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SAPPE?
Sappe Public Company Limited trades at a price-to-earnings ratio of 13.6 (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 26.30 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 18.1. Other multiples: PEG 0.6, P/B 2.1, P/S 1.7, EV/EBITDA 7.8.
What is the PEG ratio of SAPPE?
The PEG ratio of Sappe Public Company Limited is 0.62 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Sappe Public Company Limited (SAPPE)?
Balance-sheet figures for Sappe Public Company Limited (as of Nov 8, 2026): return on equity 16.5%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is SAPPE from its 52-week high?
Sappe Public Company Limited trades at 30.00 THB, about 16% below its 52-week high of 35.87 THB and 9% above the low of 27.61 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 26.30 THB is for.
Which stocks are comparable to Sappe Public Company Limited?
From the same area (Consumer Defensive) we also value The Coca-Cola Company, PepsiCo, Inc, Monster Beverage Corporation, Nongfu Spring 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 Sappe Public Company Limited stock attractive at the current price?
The data as of Nov 8, 2026: price 30.00 THB, calculated fair value 26.30 THB (−12%), Quality Score 59/100, from 26 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 SAPPE calculated?
We run Sappe Public Company Limited through 26 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 26.30 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. Sappe 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 Sappe Public Company Limited (SAPPE)?
The closing price on Nov 6, 2026 was 30.00 THB. Our model-based fair value is 26.30 THB, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sappe Public Company Limited right now?
Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (16.45 THB to 40.03 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 Sappe Public Company Limited (SAPPE) come from?
Earnings per share at Sappe Public Company Limited grew +11.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.7 %, EBIT margin +2.7 %, tax rate +0.1 %, 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 Sappe Public Company Limited
How large is the market capitalisation of Sappe Public Company Limited (SAPPE)?
The market capitalisation of Sappe Public Company Limited is 9.2B THB (≈ $276M). 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 Sappe Public Company Limited (SAPPE)?
The price-to-sales ratio of Sappe Public Company Limited is 1.69 (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 Sappe Public Company Limited (SAPPE)?
Earnings per share at Sappe Public Company Limited are 2.20 THB (price ÷ EPS = P/E 13.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sappe Public Company Limited (SAPPE)?
The dividend yield of Sappe Public Company Limited is 5.8% (payout 79.5%). 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 Sappe Public Company Limited (SAPPE)?
The net margin of Sappe Public Company Limited is 12.4% (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 Sappe Public Company Limited (SAPPE)?
The return on equity (ROE) of Sappe Public Company Limited is 16.5% (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 Sappe Public Company Limited (SAPPE)?
On an EBIT basis the return on assets of Sappe Public Company Limited is 19.5% (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 Sappe Public Company Limited (SAPPE)?
The operating margin of Sappe Public Company Limited is 15.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sappe Public Company Limited (SAPPE)?
Revenue at Sappe Public Company Limited is growing −2.9% versus a year earlier (3y avg +4.8%). 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 Sappe Public Company Limited (SAPPE)?
Earnings per share at Sappe Public Company Limited are growing −23.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sappe Public Company Limited (SAPPE) hold?
Sappe Public Company Limited holds more cash than debt, 582M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Sappe Public Company Limited in the live analysis
One click puts Sappe 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