EN DE

Civil Engineering Public Company (CIVIL) Fair Value & Analysis

Industrials · TH · Market cap 868M THB

CE Civil Engineering Public Company CIVIL · BK
Price1.10 THB
Fair Value1.63 THB
Upside+48.2%
Quality40/100
Watch Civil Engineering Public Company for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Loss-making · -0.3% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 20/100
Evidence: Low Range 1.36 THB – 1.63 THB Share as image

Fair value as of: Jul 19, 2026

From 5 valuation models · updated 23 days ago

Fair value updated Jul 19, 2026, revised from 1.64 THB to 1.63 THB (−0.6%) since Jul 15, 2026. Share price −2.7% over the past month.

Below-average quality, screening 48% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (1.36 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.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

6.21 THB 0.5800 THB Fair Value 1.63 THB Jan 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

54‑month range 0.5800 THB – 6.21 THB · fair‑value band 1.36 THB – 1.63 THB · the 1.10 THB price screens below the 1.63 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Civil Engineering Public Company (CIVIL) currently trades at 1.10 THB, while our model-based Fair Value estimate is 1.63 THB, implying the stock looks roughly 48.2% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Civil Engineering Public Company generated revenue of 5.2B THB at a net margin of -0.3%. Revenue grew 24.6% year over year. It earns a return on equity of -0.9%. Net debt stands at 2.2B THB. Fundamentals as of Jul 19, 2026

Our scenario range runs from 1.36 THB (bear case) to 1.63 THB (bull case); at 1.10 THB, the current price sits below 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 29% below its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 48%, CIVIL 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
Gordon GGM 0.1600 THB 0.2100 THB 0.2500 THB 70
DDM Multi-Stage 0.1600 THB 0.2100 THB 0.2600 THB 61
EV/EBITDA 2.54 THB 3.21 THB 3.89 THB 54
All 5 models by family
DCF Models
Owner Earnings 2.37 THB 2.93 THB 3.70 THB 31
Dividend Discount
Gordon GGM 0.1600 THB 0.2100 THB 0.2500 THB 70
DDM Multi-Stage 0.1600 THB 0.2100 THB 0.2600 THB 61
Multiples
EV/EBITDA 2.54 THB 3.21 THB 3.89 THB 54
Asset-Based
NCAV (Graham) 1.33 THB 1.78 THB 2.66 THB 50

Widest divergence: Multiples (3.21 THB) versus Dividend Discount (0.2100 THB). Highest evidence: Gordon GGM (70).

Notify me when CIVIL reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 5.2B THB
Revenue growth (YoY) +24.6%
Net margin -0.3%
Return on equity -0.9%
Free cash flow −417M THB FY2025
Operating margin 1.6%
More key figures
EPS (TTM) -0.0200 THB
EPS growth (YoY) +175%
Net debt 2.2B THB FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 38 · Market factors (momentum, volatility) 56

Profitability 16
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 42
Distance to the 52-week high (market factor)
Net Issuance 83
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

Civil Engineering Public Company Limited provides construction services in Thailand. The company operates through three segments: Construction Services, Sales of Construction Materials, and Rental Services.

Full company description

Civil Engineering Public Company Limited provides construction services in Thailand. The company operates through three segments: Construction Services, Sales of Construction Materials, and Rental Services. The Construction Services segment includes highway and road, rail systems comprising high speed and double track, airport and port, water infrastructure, and industrial constructions, as well as other constructions, such as canal construction projects, landfill projects, and wastewater treatment system projects. Its Sales of Construction Materials segment involves manufacture and sale of reinforced concrete pipes for drainage works; prefabricated hollow concrete bridge sections and prefabricated reinforced concrete parapets; concrete products; and asphaltic products, as well as corrugated steel guardrails for highway construction. Its Rental Services segment engages in the investment and real estate development business, including renting office buildings. The company was founded in 1966 and is headquartered in Bangkok, Thailand. Civil Engineering Public Company Limited operates as a subsidiary of Atsavasirisuk Holding Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Civil Engineering Public Company reported revenue of 4.9B THB in FY2025 versus 5.0B THB in FY2021, a compound −0.9%/yr. Reported net income was −29.0M THB in FY2025.

Growth Quality 13/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.9B THB
Latest YoY
−1.7%
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.
−7.1%
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.
+3.5%
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.
+4.9%
Revenue −0.9%/yr
FY21 5.0B THB
FY22 6.1B THB
FY23 4.9B THB
FY24 5.0B THB
FY25 4.9B THB
Net income
FY21 193M THB
FY22 64.5M THB
FY23 93.9M THB
FY24 115M THB
FY25 −29.0M THB

Watch CIVIL: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Civil Engineering Public Company Fair Value". https://www.fairvalue-calculator.com/stock/CIVIL

Peer Group

Engineering & Construction · 842 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 40 · Below median
Fair Value upside +48% · Top 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) 2% · Below median
Revenue growth 25% · Top 25%
Debt / equity 0.00× · Lower 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 98 · sector 16
FUTURE 100 · sector 17
PAST 0 · sector 26
HEALTH 100 · sector 94
DIVIDEND 0 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

Compare Civil Engineering Public Company with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Civil Engineering Public Company (CIVIL) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 1.63 THB versus a price of 1.10 THB, about +48% (undervalued).
What is the fair value of CIVIL?
Our model-based fair value for Civil Engineering Public Company is 1.63 THB (as of Jul 19, 2026), built from audited fundamentals. The current price is 1.10 THB.
What is the quality score of CIVIL?
Civil Engineering Public Company has a Quality Score of 40/100. 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 Civil Engineering Public Company (CIVIL)?
Civil Engineering Public Company reported trailing-twelve-month revenue of about 5.2B THB (latest available figure, as of Jul 19, 2026).
What is the net profit margin of CIVIL?
The net profit margin of Civil Engineering Public Company is about -0.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Civil Engineering Public Company and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.