Asia Precision Public Company Limited (APCS) fair value: what the stock is really worth
As of Oct 12, 2026: fair value of Asia Precision Public Company Limited THB 2.58, price THB 1.25, upside +106.4%, quality 46 out of 100. 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, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range 1.15 THB – 6.70 THB · fair‑value band 1.96 THB – 3.67 THB · the 1.25 THB price screens below the 2.58 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 3, 2026.
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Asia Precision Public Company Limited, together with its subsidiaries, engages in the engineering and construction businesses in Thailand and internationally. The company operates in three segments, Construction Services; Sales and Other Services, and Digital Assets.
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Asia Precision Public Company Limited, together with its subsidiaries, engages in the engineering and construction businesses in Thailand and internationally. The company operates in three segments, Construction Services; Sales and Other Services, and Digital Assets. It is involved in the provision of engineering, automation, project construction, and maintenance services for renewable energy power plants; construction consultation and engineering procurement services; trading, mining, and exchanging cryptocurrency; distribution of materials, equipment, and spare parts used for the structural construction of electrical enterprises and various energy businesses; and production and distribution of raw water. The company also provides construction services for projects related to utility systems; environmental and design, and engineering consulting services; water purification plants and chemical equations; and water treatment plants, as well as engages in bitcoin mining business; precision metal parts business; and construction contractor for a waste-to-energy power generation project. Asia Precision Public Company Limited was founded in 1994 and is based in Chonburi, Thailand.
Stock analysis
Asia Precision Public Company Limited (APCS) currently trades at 1.25 THB, while our model-based Fair Value estimate is 2.58 THB, implying the stock looks roughly 51.6% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 2.70 THB per share, and 6 of the 7 models we run sit above the 1.25 THB price.
Bear case: the Asset-Based group reads lowest at 1.23 THB, and 1 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.96 THB (bear) to 3.67 THB (bull), the price of 1.25 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 46/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Asia Precision Public Company Limited reported revenue of 914M THB in FY2025 versus 2.2B THB in FY2021, a compound −19.5%/yr. Reported net income was −498M THB in FY2025.
Key figures
Market cap 911M THB (≈ $27.2M) · P/S ratio 1.33 · EPS (TTM) −0.7700 THB · Net margin −54.5% · Return on equity −37.2% · Return on assets (EBIT) −0.9% · Operating margin −0.8% · Revenue (TTM) 683M THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 106%, APCS screens cheaper than that median.
Fair Value models
Bear 1.96 THBFair Value 2.58 THBBull 3.67 THB
Price 1.25 THB · Upside +106.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−31.6%
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.
−20.5%
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.
−15.6%
Start year 2020 (pandemic). Over 10 years: +1.1% a year
Revenue growth 15 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.
+0.0%
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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.
2.5% (2020) → −29.8% (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
A lot of optimism in the price
The price assumes more growth than 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).
−2.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −4.1% a year for the price.
Compare Asia Precision Public Company Limited with another stock
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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.Engineering & Construction · 797 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+106.4% · Top 25%
Profitability
Return on assets−7.0% · Bottom 25%
Net margin (TTM)−74.0% · Bottom 25%
Operating margin (TTM)−0.8% · Bottom 25%
Growth and dividend
Revenue growth74.1% · Top 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Engineering & Construction 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). "Asia Precision Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/APCS
Frequently asked questions
Is Asia Precision Public Company Limited (APCS) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 2.58 THB versus a price of 1.25 THB, about +106% upside (undervalued).
What is the fair value of APCS?
Our model-based fair value for Asia Precision Public Company Limited is 2.58 THB (as of Oct 3, 2026), built from audited fundamentals. The current price: 1.25 THB.
What is the quality score of APCS?
Asia Precision Public Company Limited has a Quality Score of 46/100. 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 Asia Precision Public Company Limited (APCS)?
Our model-based price target is the fair value of 2.58 THB (as of Oct 3, 2026) from 7 valuation models. Cautious scenario 1.96 THB, optimistic scenario 3.67 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Asia Precision Public Company Limited stock forecast for 2026?
Our models put fair value at 2.58 THB, about +106% upside versus a price of 1.25 THB (undervalued). Cautious scenario 1.96 THB, optimistic scenario 3.67 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Asia Precision Public Company Limited (APCS)?
Asia Precision Public Company Limited reported trailing-twelve-month revenue of about 683M THB (latest available figure, as of Oct 3, 2026).
What growth is priced into Asia Precision Public Company Limited (APCS)?
For today's price to be fair in a discounted-cash-flow model, Asia Precision Public Company Limited would have to grow free cash flow by -2.9 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -15.6 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of APCS use?
Our models discount Asia Precision Public Company Limited at 10.1 %: a base by market capitalisation (nano), damped by beta 0.22, 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 Asia Precision Public Company Limited that is -2.9 % per year a year over ten years, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Asia Precision Public Company Limited (APCS) delivered so far?
Over the past 5 years revenue at Asia Precision Public Company Limited grew -15.6 % a year. The price currently implies -2.9 % per year free-cash-flow growth a 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 Asia Precision Public Company Limited (APCS) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Asia Precision Public Company Limited (-2.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Asia Precision Public Company Limited (APCS)?
The free-cash-flow yield on the price is 16.51 %: that much free cash flow Asia Precision Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Asia Precision Public Company Limited (APCS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asia Precision Public Company Limited it is 2.58 THB per share (as of Oct 3, 2026), against a price of 1.25 THB. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Asia Precision Public Company Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, APCS trades below its calculated fair value: price 1.25 THB, fair value 2.58 THB, a gap of about +106% (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 APCS?
No. The price is what the market pays today (1.25 THB); the fair value is what the company's own numbers justify (2.58 THB). For Asia Precision Public Company Limited the two are 1.33 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Asia Precision Public Company Limited worth?
The market values Asia Precision Public Company Limited at about 911M THB (market capitalisation, as of Oct 3, 2026). Per share that is 1.25 THB; our models calculate a fair value of 2.58 THB per share.
What do the bullish and bearish scenarios say about APCS?
Our models span a range for Asia Precision Public Company Limited: cautious scenario 1.96 THB, base 2.58 THB, optimistic 3.67 THB per share (as of Oct 3, 2026, price 1.25 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Asia Precision Public Company Limited (APCS)?
Balance-sheet figures for Asia Precision Public Company Limited (as of Oct 3, 2026): return on equity −37.2%, debt of 0.09 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is APCS from its 52-week high?
Asia Precision Public Company Limited trades at 1.25 THB, about 25% below its 52-week high of 1.66 THB and 9% above the low of 1.15 THB (as of Oct 12, 2026). Distance from the high says nothing about value: that is what the fair value of 2.58 THB is for.
Which stocks are comparable to Asia Precision Public Company Limited?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Asia Precision Public Company Limited stock attractive at the current price?
The data as of Oct 3, 2026: price 1.25 THB, calculated fair value 2.58 THB (+106%), Quality Score 46/100, 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 APCS calculated?
We run Asia Precision Public Company Limited through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 2.58 THB, 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 14.9 % above its aggregate fair value. Asia Precision Public Company Limited currently trades 52 % 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 Asia Precision Public Company Limited (APCS)?
The closing price on Oct 12, 2026 was 1.25 THB. Our model-based fair value is 2.58 THB, about +106% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asia Precision Public Company Limited right now?
The price is below even our cautious bear case (1.96 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 (46/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (1.96 THB to 3.67 THB) leaves room in how you read the outcome.
Key figures of Asia Precision Public Company Limited
How large is the market capitalisation of Asia Precision Public Company Limited (APCS)?
The market capitalisation of Asia Precision Public Company Limited is 911M THB (≈ $27.2M). 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 Asia Precision Public Company Limited (APCS)?
The price-to-sales ratio of Asia Precision Public Company Limited is 1.33 (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 Asia Precision Public Company Limited (APCS)?
Earnings per share at Asia Precision Public Company Limited are −0.7700 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Asia Precision Public Company Limited (APCS)?
The net margin of Asia Precision Public Company Limited is −54.5% (fiscal year 2025). 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 Asia Precision Public Company Limited (APCS)?
The return on equity (ROE) of Asia Precision Public Company Limited is −37.2% (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 Asia Precision Public Company Limited (APCS)?
On an EBIT basis the return on assets of Asia Precision Public Company Limited is −0.9% (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 Asia Precision Public Company Limited (APCS)?
The operating margin of Asia Precision Public Company Limited is −0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asia Precision Public Company Limited (APCS)?
Revenue at Asia Precision Public Company Limited is growing +74.1% versus a year earlier (3y avg −20.5%). 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 Asia Precision Public Company Limited (APCS)?
Earnings per share at Asia Precision Public Company Limited are growing −71.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Asia Precision Public Company Limited (APCS) carry?
The net debt of Asia Precision Public Company Limited is 510M THB (fiscal year 2025, ≈ 3.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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