Baan Rock Garden Public Company Limited (BROCK) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Baan Rock Garden Public Company Limited THB 0.15, price THB 1.14, upside -86.8%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1.08 THB – 2.63 THB · fair‑value band 0.1300 THB – 0.1900 THB · the 1.14 THB price screens above the 0.1500 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Baan Rock Garden Public Company Limited engages in the real estate development business in Thailand. It develops and sells houses with land, such as townhouses and townhomes, detached and semi-detached houses, 3-story cluster homes, home offices, and commercial buildings under the Baan Rock Garden brand.
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Baan Rock Garden Public Company Limited engages in the real estate development business in Thailand. It develops and sells houses with land, such as townhouses and townhomes, detached and semi-detached houses, 3-story cluster homes, home offices, and commercial buildings under the Baan Rock Garden brand. The company was formerly known as Chucheep South Group, Co., Ltd. Baan Rock Garden Public Company Limited was founded in 1990 and is based in Bangkok, Thailand.
Stock analysis
Baan Rock Garden Public Company Limited (BROCK) currently trades at 1.14 THB, while our model-based Fair Value estimate is 0.1500 THB, implying the stock looks roughly 659.9% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.8100 THB per share, and 0 of the 7 models we run sit above the 1.14 THB price.
Bear case: the DCF Models group reads lowest at 0.1700 THB, and 7 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1300 THB (bear) to 0.1900 THB (bull), the price of 1.14 THB sits above 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 63/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Baan Rock Garden Public Company Limited reported revenue of 85.5M THB in FY2025 versus 249M THB in FY2021, a compound −23.4%/yr. Reported net income was −9.8M THB in FY2025.
Key figures
Market cap 1.2B THB (≈ $35.0M) · P/S ratio 12.6 · EPS (TTM) −0.0100 THB · Net margin −11.5% · Return on equity −0.6% · Return on assets (EBIT) 0.8% · Operating margin 0.7% · Revenue (TTM) 91.2M THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −87%, BROCK screens richer than that median.
Fair Value models
Bear 0.1300 THBFair Value 0.1500 THBBull 0.1900 THB
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.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.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+86.4%
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.
−26.9%
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.
−19.3%
Start year 2020 (pandemic). Over 10 years: +2.0% a year
Revenue growth 20 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.
−6.0%
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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.
20.3% (2020) → −12.0% (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).
+50.6%
Yearly growth needed for the next five years to justify today's price.
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 +48.9% a year for the price.
Compare Baan Rock Garden 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.Real Estate - Development · 577 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−86% · Bottom 25%
Profitability
Return on assets0% · Below median
Net margin (TTM)−8% · Below median
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth15% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/S (TTM)0.37× · Cheaper than median
P/FCF3.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 49
FUTURE (revenue growth)77· sector 0
PAST (return on equity)0· sector 12
HEALTH (low debt)100· sector 83
DIVIDEND (yield)0· sector 56
VALUE 0: the price sits above our fair-value range.
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). "Baan Rock Garden Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/BROCK
Frequently asked questions
Is Baan Rock Garden Public Company Limited (BROCK) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.1500 THB versus a price of 1.14 THB, about −87% upside (overvalued).
What is the fair value of BROCK?
Our model-based fair value for Baan Rock Garden Public Company Limited is 0.1500 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.14 THB.
What is the quality score of BROCK?
Baan Rock Garden Public Company Limited has a Quality Score of 63/100. 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 Baan Rock Garden Public Company Limited (BROCK)?
Our model-based price target is the fair value of 0.1500 THB (as of Sep 24, 2026) from 7 valuation models. Cautious scenario 0.1300 THB, optimistic scenario 0.1900 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Baan Rock Garden Public Company Limited stock forecast for 2026?
Our models put fair value at 0.1500 THB, about −87% upside versus a price of 1.14 THB (overvalued). Cautious scenario 0.1300 THB, optimistic scenario 0.1900 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Baan Rock Garden Public Company Limited (BROCK)?
Baan Rock Garden Public Company Limited reported trailing-twelve-month revenue of about 91.2M THB (latest available figure, as of Sep 24, 2026).
What growth is priced into Baan Rock Garden Public Company Limited (BROCK)?
For today's price to be fair in a discounted-cash-flow model, Baan Rock Garden Public Company Limited would have to grow free cash flow by +50.6 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -19.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BROCK use?
Our models discount Baan Rock Garden Public Company Limited at 11.6 %: a base by market capitalisation (nano), 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 Baan Rock Garden Public Company Limited that is +50.6 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Baan Rock Garden Public Company Limited (BROCK) delivered so far?
Over the past 5 years revenue at Baan Rock Garden Public Company Limited grew -19.3 % a year. The price currently implies +50.6 % 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 Baan Rock Garden Public Company Limited (BROCK) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Baan Rock Garden Public Company Limited (+50.6 % 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 Baan Rock Garden Public Company Limited (BROCK)?
The free-cash-flow yield on the price is 0.83 %: that much free cash flow Baan Rock Garden Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Baan Rock Garden Public Company Limited (BROCK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Baan Rock Garden Public Company Limited it is 0.1500 THB per share (as of Sep 24, 2026), against a price of 1.14 THB. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Baan Rock Garden Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BROCK trades above its calculated fair value: price 1.14 THB, fair value 0.1500 THB, a gap of about −87% (overvalued). 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 BROCK?
No. The price is what the market pays today (1.14 THB); the fair value is what the company's own numbers justify (0.1500 THB). For Baan Rock Garden Public Company Limited the two are 0.9900 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Baan Rock Garden Public Company Limited worth?
The market values Baan Rock Garden Public Company Limited at about 1.2B THB (market capitalisation, as of Sep 24, 2026). Per share that is 1.14 THB; our models calculate a fair value of 0.1500 THB per share.
What do the bullish and bearish scenarios say about BROCK?
Our models span a range for Baan Rock Garden Public Company Limited: cautious scenario 0.1300 THB, base 0.1500 THB, optimistic 0.1900 THB per share (as of Sep 24, 2026, price 1.14 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Baan Rock Garden Public Company Limited (BROCK)?
Balance-sheet figures for Baan Rock Garden Public Company Limited (as of Sep 24, 2026): return on equity −0.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is BROCK from its 52-week high?
Baan Rock Garden Public Company Limited trades at 1.14 THB, about 34% below its 52-week high of 1.74 THB and 6% above the low of 1.08 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1500 THB is for.
Which stocks are comparable to Baan Rock Garden Public Company Limited?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Baan Rock Garden Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 1.14 THB, calculated fair value 0.1500 THB (−87%), Quality Score 63/100, 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 BROCK calculated?
We run Baan Rock Garden 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 0.1500 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 13.0 % above its aggregate fair value. Baan Rock Garden Public Company Limited itself currently trades above fair value. 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 Baan Rock Garden Public Company Limited (BROCK)?
The closing price on Sep 24, 2026 was 1.14 THB. Our model-based fair value is 0.1500 THB, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Baan Rock Garden Public Company Limited right now?
The price sits above even our optimistic bull case (0.1900 THB). The favourable scenario is already priced in. 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 but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Baan Rock Garden Public Company Limited
How large is the market capitalisation of Baan Rock Garden Public Company Limited (BROCK)?
The market capitalisation of Baan Rock Garden Public Company Limited is 1.2B THB (≈ $35.0M). 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 Baan Rock Garden Public Company Limited (BROCK)?
The price-to-sales ratio of Baan Rock Garden Public Company Limited is 12.6 (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 Baan Rock Garden Public Company Limited (BROCK)?
Earnings per share at Baan Rock Garden Public Company Limited are −0.0100 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Baan Rock Garden Public Company Limited (BROCK)?
The net margin of Baan Rock Garden Public Company Limited is −11.5% (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 Baan Rock Garden Public Company Limited (BROCK)?
The return on equity (ROE) of Baan Rock Garden Public Company Limited is −0.6% (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 Baan Rock Garden Public Company Limited (BROCK)?
On an EBIT basis the return on assets of Baan Rock Garden Public Company Limited is 0.8% (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 Baan Rock Garden Public Company Limited (BROCK)?
The operating margin of Baan Rock Garden Public Company Limited is 0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Baan Rock Garden Public Company Limited (BROCK)?
Revenue at Baan Rock Garden Public Company Limited is growing +15.4% versus a year earlier (3y avg −26.9%). 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 Baan Rock Garden Public Company Limited (BROCK)?
Earnings per share at Baan Rock Garden Public Company Limited are growing −32.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Baan Rock Garden Public Company Limited (BROCK) hold?
Baan Rock Garden Public Company Limited holds more cash than debt, 12.8M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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