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BPS Technology Public Company (BPS) Fair Value & Analysis

Technology · TH · Market cap 236M THB

BT BPS Technology Public Company BPS · BK
Price0.6100 THB
Fair Value0.3300 THB
Upside-45.9%
Quality47/100
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Weak Growth
Thin margins · 0.5% net margin
Low debt · negative free cash flow
2.13% dividend yield
Trails peers (3/13)
Narrow moat 22/100
Evidence: Medium Range 0.2500 THB – 0.4100 THB Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Share price +5.2% over the past month.

Below-average quality, and screening another 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.4100 THB). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (2 years)

1.17 THB 0.3909 THB Fair Value 0.3300 THB Apr 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

28‑month range 0.3909 THB – 1.17 THB · fair‑value band 0.2500 THB – 0.4100 THB · the 0.6100 THB price screens above the 0.3300 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

BPS Technology Public Company (BPS) currently trades at 0.6100 THB, while our model-based Fair Value estimate is 0.3300 THB, implying the stock looks roughly 45.9% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology 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: medium).

Over the trailing twelve months, BPS Technology Public Company generated revenue of 512M THB at a net margin of 0.5%. Revenue declined 4.4% year over year. It earns a return on equity of 0.9%. Net debt stands at 28.9M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.2500 THB (bear case) to 0.4100 THB (bull case); at 0.6100 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 near its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at -46%, BPS screens richer 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 0.4500 THB 0.4000 THB 0.2700 THB 76
ROIC Compounder 0.3100 THB 0.3300 THB 0.3400 THB 72
Growth-Adj P/E 0.1700 THB 0.2500 THB 0.3200 THB 68
All 13 models by family
DCF Models
Owner Earnings 0.2200 THB 0.2200 THB 0.2300 THB 31
Earnings-Based
Graham-Dodd 0.0800 THB 0.1000 THB 0.1100 THB 54
EPV 0.3100 THB 0.3300 THB 0.3400 THB 59
Multiples
P/E Multiple 0.2500 THB 0.3300 THB 0.4100 THB 63
P/S Multiple 0.1500 THB 0.2000 THB 0.2500 THB 58
P/B Multiple 0.1500 THB 0.2000 THB 0.2500 THB 55
EV/EBIT 0.5700 THB 0.6900 THB 0.8200 THB 53
EV/EBITDA 0.7900 THB 0.9900 THB 1.19 THB 54
EV/Revenue 0.3800 THB 0.4700 THB 0.5500 THB 43
Asset-Based
NCAV (Graham) 0.3600 THB 0.4800 THB 0.7200 THB 50
Economic Profit
Residual Income 0.4500 THB 0.4000 THB 0.2700 THB 76
ROIC Compounder 0.3100 THB 0.3300 THB 0.3400 THB 72
Growth Earnings
Growth-Adj P/E 0.1700 THB 0.2500 THB 0.3200 THB 68

Widest divergence: Asset-Based (0.4800 THB) versus Earnings-Based (0.1000 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 512M THB
Revenue growth (YoY) -4.4%
Net margin 0.5%
Return on equity 0.9%
Free cash flow −22.8M THB FY2025
P/E ratio 59.0
More key figures
Operating margin 1.4%
EPS (TTM) 0.0100 THB
Dividend yield 2.1%
EPS growth (YoY) -69.4%
Net debt 28.9M THB FY2023

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 68

Profitability 38
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 75
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

BPS Technology Public Company Limited engages in the distribution of electrical connectivity equipment, technology related products, and solar cell products in Thailand. It operates through Sales, Service, and Fiber Optic Network segments.

Full company description

BPS Technology Public Company Limited engages in the distribution of electrical connectivity equipment, technology related products, and solar cell products in Thailand. It operates through Sales, Service, and Fiber Optic Network segments. The company offers one smart supply (OSS), which includes construction materials and hardware; electrical appliances, plumbing, air conditioning; electrical and communication equipment; and data center and UPS. It also provides one smart builder (OSB), comprising ERV Air solution, water filter, smart network, security system, solar rooftop, and EV charger; and one smart factory (OSF), including data centers, building operation digital assistance, grounding/lightning protection, SVG power quality solutions, and smart factory solutions. The company was formerly known as Bigphaisan Project Company Limited. BPS Technology Public Company Limited was incorporated in 2001 and is headquartered in Samut Prakan, Thailand.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

BPS Technology Public Company reported revenue of 517M THB in FY2025 versus 677M THB in FY2022, a compound −8.6%/yr. Reported net income was 4.7M THB in FY2025, compounding −38.8%/yr from FY2022.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
517M THB
Latest YoY
−2.5%
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.
−8.6%
Revenue −8.6%/yr
FY22 677M THB
FY23 734M THB
FY24 530M THB
FY25 517M THB
Net income −38.8%/yr
FY22 20.5M THB
FY23 20.1M THB
FY24 7.6M THB
FY25 4.7M THB

BPS screens 46% overvalued. Compare with TD SYNNEX Corporation →

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

Peer Group

Electronics & Computer Distribution · 151 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 47 · Bottom 25%
Fair Value upside −46% · Bottom 25%
Return on equity (TTM) 1% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 59.0× · Pricier than 75% of peers
P/B 0.82× · Cheaper than median
P/S (TTM) 0.46× · Pricier than median
EV/EBITDA 12.6× · Pricier than median

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 14
FUTURE 0 · sector 57
PAST 4 · sector 36
HEALTH 98 · sector 98
DIVIDEND 43 · sector 39

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is BPS Technology Public Company (BPS) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.3300 THB versus a price of 0.6100 THB, about −46% (overvalued).
What is the fair value of BPS?
Our model-based fair value for BPS Technology Public Company is 0.3300 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.6100 THB.
What is the quality score of BPS?
BPS Technology Public Company has a Quality Score of 47/100. 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 BPS Technology Public Company (BPS)?
BPS Technology Public Company reported trailing-twelve-month revenue of about 512M THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of BPS?
The net profit margin of BPS Technology Public Company is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. Based on the latest reported figures.
Does BPS Technology Public Company pay a dividend?
BPS Technology Public Company currently shows a dividend yield of about 2.65% relative to its recent price (as of Jul 16, 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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