Saha-Union Public Company Limited (SUC) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Saha-Union Public Company Limited stock THB 54.00, price THB 27.00, upside +100.0%, quality 66 out of 100. Rating: strongly undervalued. Calculated from audited financials with 12 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
60‑month range 21.20 THB – 29.43 THB · fair‑value band 52.16 THB – 64.38 THB · the 27.00 THB price screens below the 54.00 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Saha-Union Public Company Limited, together with its subsidiaries, engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.
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It also manufactures and distributes rubber, finished elastic products, elastic products, plastic products, vacuum bottles, and stainless-steel kitchenware; manufactures and repairs molds; and provides dormitory rental services.
In addition, the company is involved in the operation of a computer and equipment dealership; operation of hotel and rubber estates; power generation; and investment business, as well as real estate development and rental. It operates in Thailand, Asia, Europe, the United States, and internationally.
The company was founded in 1972 and is headquartered in Bangkok, Thailand.
Stock analysis
Saha-Union Public Company Limited (SUC) currently trades at 27.00 THB, while our model-based Fair Value estimate is 54.00 THB, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 80.09 THB per share, and 9 of the 12 models we run sit above the 27.00 THB price.
Bear case: the Dividend Discount group reads lowest at 11.50 THB, and 3 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: 52.16 THB (bear) to 64.38 THB (bull), the price of 27.00 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 66/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Saha-Union Public Company Limited reported revenue of 7.8B THB in FY2025 versus 8.4B THB in FY2021, a compound −1.8%/yr. Reported net income was 1.8B THB in FY2025, compounding +31.0%/yr from FY2021.
Key figures
Market cap 8.1B THB (≈ $242M) Micro · P/E ratio 6.9 · P/S ratio 1.02 · EPS (TTM) 3.93 THB · Dividend yield 5.6% · Net margin 14.5% · Return on equity 4.7% · Return on assets (EBIT) 2.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 100%, SUC screens cheaper than that median.
Fair Value models
Bear52.16 THBFair Value 54.00 THBBull64.38 THB
Price 27.00 THB · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (2.08 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.6%
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.
−5.8%
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.
−2.3%
Start year 2020 (pandemic). Over 10 years: −2.6% 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.
−3.3%
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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.
+21.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.9%
Dividend (yield on the price)5.6%
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.15.9% vs 5.8%, picking up
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.11% → 1%
Pace: the 5-year rate starts in 2020 (pandemic)
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 Saha-Union 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.Conglomerates · 304 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)4.7% · Below median
Return on assets6.2% · Top 25%
Net margin (12 months)14.5% · Top 25%
Operating margin (12 months)12.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)−16.0% · Bottom 25%
Dividend yield (12 months)5.6% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Saha-Union Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SUC
Frequently asked questions
Is Saha-Union Public Company Limited (SUC) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 54.00 THB versus a price of 27.00 THB, about +100% upside (undervalued).
What is the fair value of SUC?
Our model-based fair value for Saha-Union Public Company Limited is 54.00 THB (as of Nov 8, 2026), built from audited fundamentals. The current price: 27.00 THB.
What is the quality score of SUC?
Saha-Union 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 Saha-Union Public Company Limited (SUC)?
Our model-based price target is the fair value of 54.00 THB (as of Nov 8, 2026) from 12 valuation models. Cautious scenario 52.16 THB, optimistic scenario 64.38 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Saha-Union Public Company Limited stock forecast for 2026?
Our models put fair value at 54.00 THB, about +100% upside versus a price of 27.00 THB (undervalued). Cautious scenario 52.16 THB, optimistic scenario 64.38 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Saha-Union Public Company Limited (SUC)?
Saha-Union Public Company Limited reported trailing-twelve-month revenue of about 7.9B THB (latest available figure, as of Nov 8, 2026).
Does Saha-Union Public Company Limited pay a dividend?
Saha-Union Public Company Limited currently shows a dividend yield of 5.56% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Saha-Union Public Company Limited (SUC) and when is the ex-dividend date?
Saha-Union Public Company Limited pays a dividend of 1.50 THB per share a year, a dividend yield of 5.6%. The last ex-dividend date was Mar 31, 2026. A dividend has been paid every year since at least 1995. The payout ratio is 38.2% of earnings. Free cash flow covers the dividend 3.64 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 Saha-Union Public Company Limited (SUC)?
For today's price to be fair in a discounted-cash-flow model, Saha-Union Public Company Limited would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.3 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SUC use?
Our models discount Saha-Union Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.24, 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 Saha-Union 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 (13.1 %) and the same formula as our fair value.
How much growth has Saha-Union Public Company Limited (SUC) delivered so far?
Over the past 5 years revenue at Saha-Union Public Company Limited grew -2.3 % 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 Saha-Union Public Company Limited (SUC) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Saha-Union 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 Saha-Union Public Company Limited (SUC)?
The free-cash-flow yield on the price is 22.18 %: that much free cash flow Saha-Union Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Saha-Union Public Company Limited (SUC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saha-Union Public Company Limited it is 54.00 THB per share (as of Nov 8, 2026), against a price of 27.00 THB. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Saha-Union Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SUC trades below its calculated fair value: price 27.00 THB, fair value 54.00 THB, a gap of about +100% (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 SUC?
No. The price is what the market pays today (27.00 THB); the fair value is what the company's own numbers justify (54.00 THB). For Saha-Union Public Company Limited the two are 27.00 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Saha-Union Public Company Limited worth?
The market values Saha-Union Public Company Limited at about 8.1B THB (market capitalisation, as of Nov 8, 2026). Per share that is 27.00 THB; our models calculate a fair value of 54.00 THB per share.
What do the bullish and bearish scenarios say about SUC?
Our models span a range for Saha-Union Public Company Limited: cautious scenario 52.16 THB, base 54.00 THB, optimistic 64.38 THB per share (as of Nov 8, 2026, price 27.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SUC?
Saha-Union Public Company Limited trades at a price-to-earnings ratio of 6.9 (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 54.00 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.8. Other multiples: P/B 0.3, P/S 1.0, EV/EBITDA 3.1.
How solid is the balance sheet of Saha-Union Public Company Limited (SUC)?
Balance-sheet figures for Saha-Union Public Company Limited (as of Nov 8, 2026): return on equity 4.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is SUC from its 52-week high?
Saha-Union Public Company Limited trades at 27.00 THB, about 4% below its 52-week high of 28.20 THB and 6% above the low of 25.59 THB (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 54.00 THB is for.
Which stocks are comparable to Saha-Union Public Company Limited?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH 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 Saha-Union Public Company Limited stock attractive at the current price?
The data as of Nov 8, 2026: price 27.00 THB, calculated fair value 54.00 THB (+100%), Quality Score 66/100, from 12 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 SUC calculated?
We run Saha-Union Public Company Limited through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 54.00 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. Saha-Union Public Company Limited currently trades 50% 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 Saha-Union Public Company Limited (SUC)?
The closing price on Nov 9, 2026 was 27.00 THB. Our model-based fair value is 54.00 THB, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saha-Union Public Company Limited right now?
The price is below even our cautious bear case (52.16 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 (66/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Saha-Union Public Company Limited (SUC) come from?
Earnings per share at Saha-Union Public Company Limited grew +3.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.9 %, EBIT margin −4.9 %, tax rate +0.8 %, residual (interest, one-offs) +10.3 %. 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 Saha-Union Public Company Limited
How large is the market capitalisation of Saha-Union Public Company Limited (SUC)?
The market capitalisation of Saha-Union Public Company Limited is 8.1B THB (≈ $242M). 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 Saha-Union Public Company Limited (SUC)?
The price-to-sales ratio of Saha-Union Public Company Limited is 1.02 (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 Saha-Union Public Company Limited (SUC)?
Earnings per share at Saha-Union Public Company Limited are 3.93 THB (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Saha-Union Public Company Limited (SUC)?
The dividend yield of Saha-Union Public Company Limited is 5.6% (payout 38.2%). 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 Saha-Union Public Company Limited (SUC)?
The net margin of Saha-Union Public Company Limited is 14.5% (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 Saha-Union Public Company Limited (SUC)?
The return on equity (ROE) of Saha-Union Public Company Limited is 4.7% (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 Saha-Union Public Company Limited (SUC)?
On an EBIT basis the return on assets of Saha-Union Public Company Limited is 2.9% (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 Saha-Union Public Company Limited (SUC)?
The operating margin of Saha-Union Public Company Limited is 12.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saha-Union Public Company Limited (SUC)?
Revenue at Saha-Union Public Company Limited is growing −16.0% versus a year earlier (3y avg −5.8%). 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 Saha-Union Public Company Limited (SUC)?
Earnings per share at Saha-Union Public Company Limited are growing −63.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Saha-Union Public Company Limited (SUC) hold?
Saha-Union Public Company Limited holds more cash than debt, 3.4B THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026