Boutique Newcity Public Company Limited (BTNC) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Boutique Newcity Public Company Limited THB 39.90, price THB 13.30, upside +200.0%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Boutique Newcity Public Company Limited engages in trading and servicing garments and others in Thailand. It operates through four segments: Domestic Retail, Online, Foreign Retail, and Corporate Sales. The company offers its products under the Uniform Specializer, A'MAZE, GSP, C&D, Jousse, LOF-FI-CIEL, and Guy Laroche brand names.
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Boutique Newcity Public Company Limited engages in trading and servicing garments and others in Thailand. It operates through four segments: Domestic Retail, Online, Foreign Retail, and Corporate Sales. The company offers its products under the Uniform Specializer, A'MAZE, GSP, C&D, Jousse, LOF-FI-CIEL, and Guy Laroche brand names. Boutique Newcity Public Company Limited was founded in 1969 and is headquartered in Bangkok, Thailand.
Stock analysis
Boutique Newcity Public Company Limited (BTNC) currently trades at 13.30 THB, while our model-based Fair Value estimate is 39.90 THB, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 50.62 THB per share, and 8 of the 10 models we run sit above the 13.30 THB price.
Bear case: the Earnings-Based group reads lowest at 24.47 THB, and 2 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 27.93 THB (bear) to 50.93 THB (bull), the price of 13.30 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 53/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Boutique Newcity Public Company Limited reported revenue of 231M THB in FY2025 versus 418M THB in FY2021, a compound −13.8%/yr. Reported net income was 35.3M THB in FY2025.
Key figures
Market cap 174M THB (≈ $5.2M) · P/E ratio 5.2 · P/S ratio 0.80 · EPS (TTM) 2.54 THB · Dividend yield 11.3% · Net margin 15.3% · Return on equity 6.1% · Return on assets (EBIT) −2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 200%, BTNC screens cheaper than that median.
Fair Value models
Bear 27.93 THBFair Value 39.90 THBBull 50.93 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.7722 THB per share) are deliberately not added.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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−21.7%
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.
−4.7%
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.
−9.1%
Start year 2020 (pandemic). Over 10 years: −13.2% a year
Revenue growth 25 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.
−3.0%
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What shareholders gained per year (last 5 years), in THB (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+27.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.1%
Dividend (yield on the price)11.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.63.9% vs 4.5%, picking up
Profit margin 2020 to 2025 ⓘ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.−16% → −13%
2025 sits 69% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 12.3%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Boutique Newcity 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.Apparel Retail · 105 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)6.1% · Below median
Return on assets−2.6% · Bottom 25%
Net margin (TTM)12.5% · Top 25%
Operating margin (TTM)−10.1% · Bottom 25%
Growth and dividend
Revenue growth28.4% · Top 25%
Dividend yield (TTM)11.3% · Top 25%
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Apparel Retail 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). "Boutique Newcity Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/BTNC
Frequently asked questions
Is Boutique Newcity Public Company Limited (BTNC) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 39.90 THB versus a price of 13.30 THB, about +200% upside (undervalued).
What is the fair value of BTNC?
Our model-based fair value for Boutique Newcity Public Company Limited is 39.90 THB (as of Sep 27, 2026), built from audited fundamentals. The current price: 13.30 THB.
What is the quality score of BTNC?
Boutique Newcity Public Company Limited has a Quality Score of 53/100. 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 Boutique Newcity Public Company Limited (BTNC)?
Our model-based price target is the fair value of 39.90 THB (as of Sep 27, 2026) from 10 valuation models. Cautious scenario 27.93 THB, optimistic scenario 50.93 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Boutique Newcity Public Company Limited stock forecast for 2026?
Our models put fair value at 39.90 THB, about +200% upside versus a price of 13.30 THB (undervalued). Cautious scenario 27.93 THB, optimistic scenario 50.93 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Boutique Newcity Public Company Limited (BTNC)?
Boutique Newcity Public Company Limited reported trailing-twelve-month revenue of about 245M THB (latest available figure, as of Sep 27, 2026).
Does Boutique Newcity Public Company Limited pay a dividend?
Boutique Newcity Public Company Limited currently shows a dividend yield of about 11.28% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Boutique Newcity Public Company Limited (BTNC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Boutique Newcity Public Company Limited it is 39.90 THB per share (as of Sep 27, 2026), against a price of 13.30 THB. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Boutique Newcity Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BTNC trades below its calculated fair value: price 13.30 THB, fair value 39.90 THB, a gap of about +200% (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 BTNC?
No. The price is what the market pays today (13.30 THB); the fair value is what the company's own numbers justify (39.90 THB). For Boutique Newcity Public Company Limited the two are 26.60 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Boutique Newcity Public Company Limited worth?
The market values Boutique Newcity Public Company Limited at about 174M THB (market capitalisation, as of Sep 27, 2026). Per share that is 13.30 THB; our models calculate a fair value of 39.90 THB per share.
What do the bullish and bearish scenarios say about BTNC?
Our models span a range for Boutique Newcity Public Company Limited: cautious scenario 27.93 THB, base 39.90 THB, optimistic 50.93 THB per share (as of Sep 27, 2026, price 13.30 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BTNC?
Boutique Newcity Public Company Limited trades at a price-to-earnings ratio of 5.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 39.90 THB is built from several models across several years. Other multiples: PEG 0.6, P/B 0.3, P/S 0.7.
What is the PEG ratio of BTNC?
The PEG ratio of Boutique Newcity Public Company Limited is 0.62 (P/E divided by earnings growth, as of Sep 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Boutique Newcity Public Company Limited (BTNC)?
Balance-sheet figures for Boutique Newcity Public Company Limited (as of Sep 27, 2026): return on equity 6.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is BTNC from its 52-week high?
Boutique Newcity Public Company Limited trades at 13.30 THB, about 30% below its 52-week high of 18.88 THB and 28% above the low of 10.36 THB (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of 39.90 THB is for.
Which stocks are comparable to Boutique Newcity Public Company Limited?
From the same area (Consumer Cyclical) we also value Industria de Diseño Textil, S.A, Fast Retailing Co, The TJX Companies, Inc, Ross Stores, Inc, 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 Boutique Newcity Public Company Limited stock attractive at the current price?
The data as of Sep 27, 2026: price 13.30 THB, calculated fair value 39.90 THB (+200%), Quality Score 53/100, from 10 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 BTNC calculated?
We run Boutique Newcity Public Company Limited through 10 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 39.90 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 16.1 % above its aggregate fair value. Boutique Newcity Public Company Limited currently trades 200 % 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 Boutique Newcity Public Company Limited (BTNC)?
The closing price on Sep 25, 2026 was 13.30 THB. Our model-based fair value is 39.90 THB, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Boutique Newcity Public Company Limited right now?
The price is below even our cautious bear case (27.93 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 (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (27.93 THB to 50.93 THB) leaves room in how you read the outcome.
Key figures of Boutique Newcity Public Company Limited
How large is the market capitalisation of Boutique Newcity Public Company Limited (BTNC)?
The market capitalisation of Boutique Newcity Public Company Limited is 174M THB (≈ $5.2M). 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 Boutique Newcity Public Company Limited (BTNC)?
The price-to-sales ratio of Boutique Newcity Public Company Limited is 0.80 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Boutique Newcity Public Company Limited (BTNC)?
Earnings per share at Boutique Newcity Public Company Limited are 2.54 THB (price ÷ EPS = P/E 5.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Boutique Newcity Public Company Limited (BTNC)?
The dividend yield of Boutique Newcity Public Company Limited is 11.3% (payout 59.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Boutique Newcity Public Company Limited (BTNC)?
The net margin of Boutique Newcity Public Company Limited is 15.3% (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 Boutique Newcity Public Company Limited (BTNC)?
The return on equity (ROE) of Boutique Newcity Public Company Limited is 6.1% (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 Boutique Newcity Public Company Limited (BTNC)?
On an EBIT basis the return on assets of Boutique Newcity Public Company Limited is −2.2% (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 Boutique Newcity Public Company Limited (BTNC)?
The operating margin of Boutique Newcity Public Company Limited is −10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Boutique Newcity Public Company Limited (BTNC)?
Revenue at Boutique Newcity Public Company Limited is growing +28.4% versus a year earlier (3y avg −4.7%). 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 Boutique Newcity Public Company Limited (BTNC)?
Earnings per share at Boutique Newcity Public Company Limited are growing +13.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Boutique Newcity Public Company Limited (BTNC) generate?
The free cash flow of Boutique Newcity Public Company Limited is −923K THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Boutique Newcity Public Company Limited (BTNC) carry?
The net debt of Boutique Newcity Public Company Limited is 13.5M THB (fiscal year 2025). 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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