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Chamni's Eye Public Company (CEYE) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 328M THB

CS Chamni's Eye Public Company CEYE · BK
Price1.12 THB
Fair Value0.4000 THB
Upside-64.3%
Quality48/100
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Healthy Growth
Thin margins · 0.2% net margin
Low debt · generates free cash flow
6.64% dividend yield
Mixed vs. peers (5/11)
Narrow moat 29/100
Evidence: High Range 0.2700 THB – 0.5000 THB Share as image

Fair value as of: Jul 20, 2026

From 25 valuation models · updated 21 days ago

Share price −1.8% over the past month.

Below-average quality, and screening another 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.5000 THB). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.2700 THB to 0.5000 THB) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

5.11 THB 1.11 THB Fair Value 0.4000 THB Apr 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

51‑month range 1.11 THB – 5.11 THB · fair‑value band 0.2700 THB – 0.5000 THB · the 1.12 THB price screens above the 0.4000 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

Chamni's Eye Public Company (CEYE) currently trades at 1.12 THB, while our model-based Fair Value estimate is 0.4000 THB, implying the stock looks roughly 64.3% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical 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, Chamni's Eye Public Company generated revenue of 406M THB at a net margin of 0.2%. Revenue declined 25.9% year over year. It earns a return on equity of 0.1%. Net debt stands at 7.0M THB. Fundamentals as of Jul 20, 2026

Our scenario range runs from 0.2700 THB (bear case) to 0.5000 THB (bull case); at 1.12 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 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at -64%, CEYE 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
Growth DCF 1.00 THB 1.40 THB 1.90 THB 80
Residual Income 1.41 THB 1.30 THB 0.8300 THB 76
Rev-Margin DCF 0.8700 THB 1.32 THB 1.86 THB 74
All 25 models by family
DCF Models
FCF DCF 1.00 THB 1.46 THB 2.10 THB 38
5Y Revenue Exit 0.8700 THB 1.32 THB 1.89 THB 39
5Y EBITDA Exit 1.33 THB 2.20 THB 3.23 THB 41
5Y P/E Exit 0.5500 THB 0.7200 THB 0.8800 THB 38
10Y Revenue Exit 0.8900 THB 1.29 THB 1.84 THB 36
10Y EBITDA Exit 1.18 THB 1.86 THB 2.79 THB 37
10Y P/E Exit 0.7200 THB 0.9100 THB 1.12 THB 35
Earnings-Based
Graham-Dodd 0.1000 THB 0.3400 THB 0.4500 THB 54
Lynch FV 0.0800 THB 0.1100 THB 0.1400 THB 50
PEG = 1.0 0.0800 THB 0.1100 THB 0.1400 THB 46
EPV 0.5300 THB 0.5900 THB 0.6500 THB 59
Dividend Discount
Gordon GGM 0.5800 THB 1.05 THB 1.45 THB 70
DDM Multi-Stage 0.5800 THB 0.9400 THB 1.12 THB 61
Multiples
P/E Multiple 0.2400 THB 0.3200 THB 0.4000 THB 63
P/S Multiple 0.1900 THB 0.2500 THB 0.3100 THB 58
P/B Multiple 0.1900 THB 0.2500 THB 0.3100 THB 55
EV/EBIT 1.19 THB 1.57 THB 1.95 THB 53
EV/EBITDA 1.73 THB 2.30 THB 2.86 THB 54
EV/Revenue 0.8200 THB 1.15 THB 1.48 THB 43
Asset-Based
NCAV (Graham) 1.10 THB 1.47 THB 2.20 THB 50
Growth DCF
Growth DCF 1.00 THB 1.40 THB 1.90 THB 80
Rev-Margin DCF 0.8700 THB 1.32 THB 1.86 THB 74
Economic Profit
Residual Income 1.41 THB 1.30 THB 0.8300 THB 76
ROIC Compounder 0.5300 THB 0.5900 THB 0.6500 THB 72
Growth Earnings
Growth-Adj P/E 0.2000 THB 0.2900 THB 0.3800 THB 68

Widest divergence: Asset-Based (1.47 THB) versus Earnings-Based (0.1100 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 406M THB
Revenue growth (YoY) -25.9%
Net margin 0.2%
Return on equity 0.1%
Free cash flow 28.8M THB FY2025
Operating margin 9.4%
More key figures
Dividend yield 6.3%
EPS growth (YoY) -37.5%
Net debt 7.0M THB FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 32

Profitability 23
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 54
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

Chamni's Eye Public Company Limited, together with its subsidiaries, engages in the still image production and retouching for advertising media in Thailand. The company is involved in the moving image production and editing for advertising media; and studio rental services.

Full company description

Chamni's Eye Public Company Limited, together with its subsidiaries, engages in the still image production and retouching for advertising media in Thailand. The company is involved in the moving image production and editing for advertising media; and studio rental services. It also offers end-to-end creative and production services, including brand strategy, creative development, advertising production, social media management, media planning and buying, and online publishing platform, as well as sound recording, editing film, and video services. The company was founded in 1991 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chamni's Eye Public Company reported revenue of 439M THB in FY2025 versus 266M THB in FY2021, a compound +13.3%/yr. Reported net income was 4.2M THB in FY2025, compounding −37.9%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
439M THB
Latest YoY
+6.0%
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.
+6.5%
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.
+13.8%
Avg. growth/yr (8Y) 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.
+7.2%
Revenue +13.3%/yr
FY21 266M THB
FY22 363M THB
FY23 471M THB
FY24 414M THB
FY25 439M THB
Net income −37.9%/yr
FY21 28.4M THB
FY22 52.0M THB
FY23 64.9M THB
FY24 22.8M THB
FY25 4.2M THB

CEYE screens 64% overvalued. Compare with ANTA Sports Products Limited →

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Cite: Fair Value Calculator (2026). "Chamni's Eye Public Company Fair Value". https://www.fairvalue-calculator.com/stock/CEYE

Peer Group

Leisure · 190 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 48 · Below median
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets 2% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth -26% · Bottom 25%
Dividend yield (TTM) 6.6% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Leisure median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.3× · 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 14
FUTURE 0 · sector 18
PAST 0 · sector 19
HEALTH 99 · sector 94
DIVIDEND 100 · sector 51

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 Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$74.15 HK$119.29 +61%
Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is Chamni's Eye Public Company (CEYE) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 0.4000 THB versus a price of 1.12 THB, about −64% (overvalued).
What is the fair value of CEYE?
Our model-based fair value for Chamni's Eye Public Company is 0.4000 THB (as of Jul 20, 2026), built from audited fundamentals. The current price is 1.12 THB.
What is the quality score of CEYE?
Chamni's Eye Public Company has a Quality Score of 48/100. 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 Chamni's Eye Public Company (CEYE)?
Chamni's Eye Public Company reported trailing-twelve-month revenue of about 406M THB (latest available figure, as of Jul 20, 2026).
What is the net profit margin of CEYE?
The net profit margin of Chamni's Eye Public Company is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. Based on the latest reported figures.
Does Chamni's Eye Public Company pay a dividend?
Chamni's Eye Public Company currently shows a dividend yield of about 6.30% relative to its recent price (as of Jul 20, 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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