Chememan Public Company (CMAN) Fair Value & Analysis
Basic Materials · TH · Market cap 2.7B THB
Fair value as of: Jul 17, 2026
From 26 valuation models · updated 24 days ago
Fair value updated Jul 17, 2026, revised from 6.40 THB to 3.68 THB (−42.4%) since Jun 25, 2026. Share price +5.0% over the past month.
A solid business, screening 24% undervalued on our models.
What matters now
- Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (2.42 THB to 4.61 THB) leaves room in how you read the outcome.
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 1.33 THB – 3.08 THB · fair‑value band 2.42 THB – 4.61 THB · the 2.96 THB price screens below the 3.68 THB fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Chememan Public Company (CMAN) currently trades at 2.96 THB, while our model-based Fair Value estimate is 3.68 THB, implying the stock looks roughly 24.5% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Basic Materials 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, Chememan Public Company generated revenue of 3.7B THB at a net margin of 11.0%. Revenue declined 8.9% year over year. It earns a return on equity of 14.3%. Net debt stands at 2.5B THB. Fundamentals as of Jul 17, 2026
Our scenario range runs from 2.42 THB (bear case) to 4.61 THB (bull case); at 2.96 THB, the current price sits within 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 near its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 24%, CMAN 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 26 models by family
Widest divergence: Multiples (6.06 THB) versus Dividend Discount (1.62 THB). Highest evidence: Growth DCF (80).
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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 58 · Market factors (momentum, volatility) 82
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
Chememan Public Company Limited, together with its subsidiaries, manufactures and distributes mineral lime and chemical products in Thailand and internationally. The company offers quicklime, hydrated lime, as well as chemical grade and construction limestone.
Full company description
Chememan Public Company Limited, together with its subsidiaries, manufactures and distributes mineral lime and chemical products in Thailand and internationally. The company offers quicklime, hydrated lime, as well as chemical grade and construction limestone. Its products are used in mining, iron and steel, building material and construction, pulp and paper, glass and bottles, specialty fiberglass, bioplastic, sugar, environmental, chemical, and agriculture industries, as well as precipitated calcium carbonate industry. It also provides dump and tank trucks transportation services, as well as material handling and technical support services. In addition, it offers market study and lime quality assurance services. The company was incorporated in 2003 and is based in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Chememan Public Company reported revenue of 3.7B THB in FY2025 versus 3.0B THB in FY2021, a compound +5.1%/yr. Reported net income was 361M THB in FY2025, compounding +38.5%/yr from FY2021.
of which total revenue +6.8 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Specialty Chemicals · 673 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 Specialty Chemicals 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.
Insider activity: 45/100
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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
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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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