CH. Karnchang Public Company (CK) Fair Value & Analysis
Industrials · TH · Market cap 31.1B THB
Fair value as of: Jul 17, 2026
From 23 valuation models · updated 24 days ago
Share price −0.5% over the past month.
A solid business, screening 81% undervalued on our models.
What matters now
- The price is below even our cautious bear case (25.25 THB). The market is more pessimistic than our downside scenario.
- Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range 10.28 THB – 23.12 THB · fair‑value band 25.25 THB – 42.09 THB · the 18.60 THB price screens below the 33.67 THB fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
CH. Karnchang Public Company (CK) currently trades at 18.60 THB, while our model-based Fair Value estimate is 33.67 THB, implying the stock looks roughly 81.0% undervalued today. The Quality Score stands at 56/100 (solid 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: high), always confirm before acting.
Over the trailing twelve months, CH. Karnchang Public Company generated revenue of 44.6B THB at a net margin of 7.6%. Revenue grew 2.7% year over year. It earns a return on equity of 12.2%. Net debt stands at 38.0B THB. Fundamentals as of Jul 17, 2026
Our scenario range runs from 25.25 THB (bear case) to 42.09 THB (bull case); at 18.60 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 7% below its 52-week high and 88% 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 81%, CK 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.
All 23 models by family
Widest divergence: Growth Earnings (38.23 THB) versus Dividend Discount (5.58 THB). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 81
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
CH. Karnchang Public Company Limited, together with its subsidiaries, provides construction services in Thailand and the Lao People's Democratic Republic. It operates through two segments, Construction and Related Service and Investment in Infrastructure Business.
Full company description
CH. Karnchang Public Company Limited, together with its subsidiaries, provides construction services in Thailand and the Lao People's Democratic Republic. It operates through two segments, Construction and Related Service and Investment in Infrastructure Business. The company engages in the construction of mass rapid transit systems, airports, roads and expressways, energy projects, water supply and harbour projects, and buildings. It also invests in infrastructure project development business; and sells construction materials. The company serves government agencies and private customers. CH. Karnchang Public Company Limited was founded in 1972 and is based in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CH. Karnchang Public Company reported revenue of 44.3B THB in FY2025 versus 12.2B THB in FY2021, a compound +38.0%/yr. Reported net income was 3.3B THB in FY2025, compounding +38.5%/yr from FY2021.
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Peer Group
Engineering & Construction · 837 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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 17, 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% |
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Frequently asked questions
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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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