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Akkhie Prakarn Public Company (AKP) Fair Value & Analysis

Industrials · TH · Market cap 283M THB

AP Akkhie Prakarn Public Company AKP · BK
Price0.6900 THB
Fair Value2.04 THB
Upside+195.7%
Quality70/100
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Healthy Growth
Solidly profitable · 18.5% net margin
generates free cash flow
6.57% dividend yield
Ranks above peers (13/13)
Moderate moat 52/100
Evidence: High Range 1.61 THB – 2.49 THB Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 26 days ago

Share price −1.4% over the past month.

A solid business, screening 196% undervalued on our models.

What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (1.61 THB). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

3.42 THB 0.5064 THB Fair Value 2.04 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 0.5064 THB – 3.42 THB · fair‑value band 1.61 THB – 2.49 THB · the 0.6900 THB price screens below the 2.04 THB fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Akkhie Prakarn Public Company (AKP) currently trades at 0.6900 THB, while our model-based Fair Value estimate is 2.04 THB, implying the stock looks roughly 195.7% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Akkhie Prakarn Public Company generated revenue of 414M THB at a net margin of 18.5%. Revenue grew 21.0% year over year. It earns a return on equity of 11.3%. The balance sheet holds a net cash position of 62.4M THB. Fundamentals as of Jul 15, 2026

Our scenario range runs from 1.61 THB (bear case) to 2.49 THB (bull case); at 0.6900 THB, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -40% fair-value upside, at 196%, AKP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income 1.36 THB 1.46 THB 1.63 THB 76
Growth DCF 1.48 THB 1.78 THB 2.22 THB 72
Gordon GGM 0.2600 THB 0.2800 THB 0.3000 THB 70
All 24 models by family
DCF Models
FCF DCF 1.45 THB 1.77 THB 2.28 THB 38
Owner Earnings 2.04 THB 2.51 THB 3.27 THB 31
5Y Revenue Exit 1.25 THB 1.62 THB 2.14 THB 39
5Y EBITDA Exit 1.71 THB 2.40 THB 3.32 THB 41
5Y P/E Exit 2.06 THB 3.01 THB 4.14 THB 38
10Y Revenue Exit 1.32 THB 1.57 THB 1.82 THB 36
10Y EBITDA Exit 1.57 THB 1.98 THB 2.41 THB 37
10Y P/E Exit 1.76 THB 2.30 THB 2.82 THB 35
Earnings-Based
Graham-Dodd 1.20 THB 1.47 THB 1.65 THB 54
EPV 0.7500 THB 0.8200 THB 0.8700 THB 59
Dividend Discount
Gordon GGM 0.2600 THB 0.2800 THB 0.3000 THB 70
DDM Multi-Stage 0.2600 THB 0.3000 THB 0.3500 THB 61
Multiples
P/E Multiple 2.78 THB 3.71 THB 4.64 THB 63
P/S Multiple 1.47 THB 1.96 THB 2.46 THB 58
P/B Multiple 2.25 THB 3.00 THB 3.75 THB 55
EV/EBIT 1.52 THB 1.95 THB 2.39 THB 53
EV/EBITDA 2.22 THB 2.89 THB 3.56 THB 54
EV/Revenue 1.15 THB 1.55 THB 1.94 THB 43
Asset-Based
NCAV (Graham) 0.8600 THB 1.15 THB 1.72 THB 50
Growth DCF
Growth DCF 1.48 THB 1.78 THB 2.22 THB 72
Rev-Margin DCF 1.25 THB 1.65 THB 2.15 THB 67
Economic Profit
Residual Income 1.36 THB 1.46 THB 1.63 THB 76
ROIC Compounder 0.7500 THB 0.8200 THB 0.8700 THB 67
Growth Earnings
Growth-Adj P/E 1.96 THB 2.81 THB 3.65 THB 68

Widest divergence: Growth Earnings (2.81 THB) versus Dividend Discount (0.2800 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 414M THB
Revenue growth (YoY) +21.0%
Net margin 18.5%
Return on equity 11.3%
Free cash flow 68.6M THB FY2025
P/E ratio 3.9
More key figures
Operating margin 8.8%
EPS (TTM) 0.1900 THB
Dividend yield 6.1%
EPS growth (YoY) +149%
Net cash 62.4M THB FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 60

Profitability 47
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Akkhie Prakarn Public Company Limited engages in the hazardous waste incineration business in Thailand. It offers industrial waste incinerator, pollution control, waste transportation, hazardous waste quality improvement, continuous monitoring, and laboratory analysis system services. The company was founded in 2008 and is based in Samut Prakan, Thailand.

Full company description

Akkhie Prakarn Public Company Limited engages in the hazardous waste incineration business in Thailand. It offers industrial waste incinerator, pollution control, waste transportation, hazardous waste quality improvement, continuous monitoring, and laboratory analysis system services. The company was founded in 2008 and is based in Samut Prakan, Thailand. Akkhie Prakarn Public Company Limited is a subsidiary of Better World Green Public Company Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Akkhie Prakarn Public Company reported revenue of 397M THB in FY2025 versus 375M THB in FY2021, a compound +1.4%/yr. Reported net income was 71.4M THB in FY2025, compounding +11.1%/yr from FY2021.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
397M THB
Latest YoY
+14.8%
Avg. growth/yr (3Y) 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.
+1.9%
Avg. growth/yr (5Y) 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.
+2.7%
Avg. growth/yr (14Y) 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.
+2.5%
Revenue +1.4%/yr
FY21 375M THB
FY22 375M THB
FY23 361M THB
FY24 346M THB
FY25 397M THB
Net income +11.1%/yr
FY21 46.8M THB
FY22 29.3M THB
FY23 16.9M THB
FY24 36.4M THB
FY25 71.4M THB
Character of growth · EPS growth decomposed (2014-2025) −2.6 % p.a.
Revenue per share −3.9 pp

of which total revenue −3.9 pp · buybacks/dilution +0.0 pp

EBIT margin −2.7 pp
Tax rate +0.7 pp
Residual (interest, one-offs) +3.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Akkhie Prakarn Public Company Fair Value". https://www.fairvalue-calculator.com/stock/AKP

Peer Group

Waste Management · 166 stocks

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.

Quality Score 70 · Top 25%
Fair Value upside +196% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth 21% · Above median
Dividend yield (TTM) 6.6% · Top 25%

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 3.7× · Cheaper than 75% of peers
P/B 0.41× · Cheaper than 75% of peers
P/S (TTM) 0.68× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 2.4× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 8
FUTURE 100 · sector 22
PAST 45 · sector 25
HEALTH 0 · sector 81
DIVIDEND 100 · sector 30

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Waste Management stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥16.18 ¥20.91 +29%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

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Frequently asked questions

Is Akkhie Prakarn Public Company (AKP) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 2.04 THB versus a price of 0.6900 THB, about +196% (undervalued).
What is the fair value of AKP?
Our model-based fair value for Akkhie Prakarn Public Company is 2.04 THB (as of Jul 15, 2026), built from audited fundamentals. The current price is 0.6900 THB.
What is the quality score of AKP?
Akkhie Prakarn Public Company has a Quality Score of 70/100. 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 revenue of Akkhie Prakarn Public Company (AKP)?
Akkhie Prakarn Public Company reported trailing-twelve-month revenue of about 414M THB (latest available figure, as of Jul 15, 2026).
What is the net profit margin of AKP?
The net profit margin of Akkhie Prakarn Public Company is about 18.5%, meaning it keeps roughly 18.5% of revenue as net income. Based on the latest reported figures.
Does Akkhie Prakarn Public Company pay a dividend?
Akkhie Prakarn Public Company currently shows a dividend yield of about 6.13% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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