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Bangkok Genomics Innovation Public Company (BKGI) Fair Value & Analysis

Healthcare · TH · Market cap 1.2B THB

BG Bangkok Genomics Innovation Public Company BKGI · BK
Price2.10 THB
Fair Value1.51 THB
Upside-28.1%
Quality43/100
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Expensive Growth
Solidly profitable · 15.1% net margin
negative free cash flow
2.36% dividend yield
Ranks above peers (9/12)
Moderate moat 60/100
Evidence: High Range 1.13 THB – 1.89 THB Share as image

Fair value as of: Jul 14, 2026

From 17 valuation models · updated 27 days ago

Share price −0.9% over the past month.

Below-average quality, and screening another 28% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.89 THB). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (2 years)

5.11 THB 1.10 THB Fair Value 1.51 THB Mar 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

29‑month range 1.10 THB – 5.11 THB · fair‑value band 1.13 THB – 1.89 THB · the 2.10 THB price screens above the 1.51 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Bangkok Genomics Innovation Public Company (BKGI) currently trades at 2.10 THB, while our model-based Fair Value estimate is 1.51 THB, implying the stock looks roughly 28.1% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Bangkok Genomics Innovation Public Company generated revenue of 453M THB at a net margin of 15.1%. Revenue grew 93.8% year over year. It earns a return on equity of 12.1%. The balance sheet holds a net cash position of 184M THB. Fundamentals as of Jul 14, 2026

Our scenario range runs from 1.13 THB (bear case) to 1.89 THB (bull case); at 2.10 THB, the current price sits above 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 5% below its 52-week high and 96% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -48% fair-value upside, at -28%, BKGI 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 0.7300 THB 0.7700 THB 0.8200 THB 76
Gordon GGM 0.3600 THB 0.6600 THB 0.9000 THB 70
Growth-Adj P/E 1.39 THB 1.99 THB 2.58 THB 68
All 17 models by family
DCF Models
Owner Earnings 1.01 THB 1.68 THB 2.91 THB 31
Earnings-Based
Graham-Dodd 0.5100 THB 3.50 THB 4.91 THB 54
Lynch FV 1.03 THB 1.47 THB 1.91 THB 50
PEG = 1.0 1.03 THB 1.47 THB 1.91 THB 46
EPV 0.8800 THB 0.9500 THB 1.01 THB 59
Dividend Discount
Gordon GGM 0.3600 THB 0.6600 THB 0.9000 THB 70
DDM Multi-Stage 0.3600 THB 0.6000 THB 0.7000 THB 61
Multiples
P/E Multiple 1.13 THB 1.51 THB 1.89 THB 63
P/S Multiple 0.9600 THB 1.28 THB 1.61 THB 58
P/B Multiple 0.9600 THB 1.28 THB 1.61 THB 55
EV/EBIT 1.32 THB 1.64 THB 1.96 THB 53
EV/EBITDA 1.41 THB 1.76 THB 2.10 THB 54
EV/Revenue 1.01 THB 1.29 THB 1.56 THB 43
Asset-Based
NCAV (Graham) 0.4600 THB 0.6200 THB 0.9200 THB 50
Economic Profit
Residual Income 0.7300 THB 0.7700 THB 0.8200 THB 76
ROIC Compounder 0.8800 THB 0.9900 THB 1.13 THB 67
Growth Earnings
Growth-Adj P/E 1.39 THB 1.99 THB 2.58 THB 68

Widest divergence: Growth Earnings (1.99 THB) versus Dividend Discount (0.6000 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 453M THB
Revenue growth (YoY) +93.8%
Net margin 15.1%
Return on equity 12.1%
Free cash flow −124M THB FY2025
P/E ratio 26.0
More key figures
Operating margin 23.6%
EPS (TTM) 0.0800 THB
Dividend yield 2.4%
EPS growth (YoY) +285%
Net cash 184M THB FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 75

Profitability 43
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 19
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 93
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 53
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

Bangkok Genomics Innovation Public Company Limited provides medical analysis services in Thailand. The company offers screening for fetal chromosomal abnormalities using non-invasive prenatal testing under the NIFTY brand, preimplantation chromosomal abnormality and thalassemia carrier gene screening, infectious disease group analysis, and monkeypox virus …

Full company description

Bangkok Genomics Innovation Public Company Limited provides medical analysis services in Thailand. The company offers screening for fetal chromosomal abnormalities using non-invasive prenatal testing under the NIFTY brand, preimplantation chromosomal abnormality and thalassemia carrier gene screening, infectious disease group analysis, and monkeypox virus analysis. It also provides other screening tests, such as cancer-related gene screening to predict the risk of inherited cancer, monitor treatment, select drugs that are appropriate for one's genetics, and provide treatment and disease prevention. In addition, the company offers genetic analysis using whole exome sequencing, a technology that can detect gene abnormalities that cause diseases; individual genetic decoding, which involves detailed genetic sequencing to analyze genetic information and identify aspects such as ethnicity or ancestry, optimal exercise profiles, metabolic capabilities, and the risk of genetic diseases; newborn screening; and health check-ups for various needs. Further, it supports research services in both medical and other fields, offers DNA and RNA sequencing, metabolomics and proteomics services, and medical products comprising genetic sequencers; NIPT, PGT-A, hereditary cancer screening, and precision oncology solutions; real-time PCR that includes beta thalassemia genotyping and human papillomavirus genotyping kits; and cell-free DNA storage tubes. The company serves government sectors such as medical schools and health centers, as well as private sectors such as clinics, hospitals, private medical laboratories, research institutes, and universities. Bangkok Genomics Innovation Public Company Limited was founded in 2017 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bangkok Genomics Innovation Public Company reported revenue of 380M THB in FY2025 versus 379M THB in FY2021, a compound +0.0%/yr. Reported net income was 45.3M THB in FY2025, compounding −19.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
380M THB
Latest YoY
+12.4%
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.
+7.6%
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.
+23.2%
Avg. growth/yr (7Y) 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.
+27.1%
Revenue +0.0%/yr
FY21 379M THB
FY22 305M THB
FY23 245M THB
FY24 338M THB
FY25 380M THB
Net income −19.1%/yr
FY21 106M THB
FY22 75.1M THB
FY23 32.1M THB
FY24 50.2M THB
FY25 45.3M THB

BKGI screens 28% overvalued. Compare with Thermo Fisher Scientific Inc →

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Cite: Fair Value Calculator (2026). "Bangkok Genomics Innovation Public Company Fair Value". https://www.fairvalue-calculator.com/stock/BKGI

Peer Group

Diagnostics & Research · 135 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 43 · Below median
Fair Value upside −28% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 94% · Top 25%
Dividend yield (TTM) 2.4% · Above median

Valuation Multiples vs Diagnostics & Research median · lower = cheaper

P/E (TTM) 26.0× · Cheaper than median
P/B 2.26× · Pricier than median
P/S (TTM) 2.75× · Pricier than median
EV/EBITDA 11.0× · 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 0 · sector 0
FUTURE 100 · sector 25
PAST 48 · sector 11
HEALTH 0 · sector 96
DIVIDEND 47 · sector 21

VALUE 0: the price sits above our fair-value range.

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 Diagnostics & Research stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Thermo Fisher Scientific Inc TMO $543.19 $308.19 -43%
Danaher Corporation DHR $199.66 $103.88 -48%
WuXi AppTec Co 2359 HK$160.70 HK$125.20 -22%
Lonza Group LONN CHF 567.80 CHF 259.80 -54%
IDEXX Laboratories, Inc IDXX $567.44 $255.77 -55%
Agilent Technologies, Inc A $131.46 $62.70 -52%
Waters Corporation WAT $368.98 $121.96 -67%
IQVIA Holdings IQV $207.85 $134.18 -35%
Integrated Diagnostics Holdings IDHC $0.0050 $0.0053 +5%
Illumina, Inc ILMN $186.65 $95.51 -49%

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Frequently asked questions

Is Bangkok Genomics Innovation Public Company (BKGI) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 1.51 THB versus a price of 2.10 THB, about −28% (overvalued).
What is the fair value of BKGI?
Our model-based fair value for Bangkok Genomics Innovation Public Company is 1.51 THB (as of Jul 14, 2026), built from audited fundamentals. The current price is 2.10 THB.
What is the quality score of BKGI?
Bangkok Genomics Innovation Public Company has a Quality Score of 43/100. 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 Bangkok Genomics Innovation Public Company (BKGI)?
Bangkok Genomics Innovation Public Company reported trailing-twelve-month revenue of about 453M THB (latest available figure, as of Jul 14, 2026).
What is the net profit margin of BKGI?
The net profit margin of Bangkok Genomics Innovation Public Company is about 15.1%, meaning it keeps roughly 15.1% of revenue as net income. Based on the latest reported figures.
Does Bangkok Genomics Innovation Public Company pay a dividend?
Bangkok Genomics Innovation Public Company currently shows a dividend yield of about 2.48% relative to its recent price (as of Jul 14, 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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