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Christiani & Nielsen (Thai) Public Company (CNT) Fair Value & Analysis

Industrials · TH · Market cap 1.6B THB

CN Christiani & Nielsen (Thai) Public Company CNT · BK
Price1.59 THB
Fair Value1.24 THB
Upside-22.0%
Quality95/100
Evidence: Medium Range 1.19 THB – 1.62 THB

Fair value as of: Jun 24, 2026

From 14 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 1.23 THB to 1.24 THB (+0.8%) since Jun 23, 2026. Share price −3.0% over the past month.

Price vs Fair Value (12 months)

1.69 THB 0.7901 THB Fair Value 1.24 THB Jun 2025 Jun 2026

12‑month range 0.7901 THB – 1.69 THB · fair‑value band 1.19 THB – 1.62 THB · the 1.59 THB price screens above the 1.24 THB fair value. As of Jun 24, 2026.

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Analysis

Christiani & Nielsen (Thai) Public Company (CNT) currently trades at 1.59 THB, while our model-based Fair Value estimate is 1.24 THB — implying the stock looks roughly 22.0% overvalued today. We read business quality at 95/100 (high quality), in the Industrials 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: medium).

Over the trailing twelve months, Christiani & Nielsen (Thai) Public Company generated revenue of 8.2B THB at a net margin of 0.8%. Revenue grew 42.6% year over year. It earns a return on equity of 3.2%. Net debt stands at 874M THB. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 8.2B THB
Revenue growth (YoY) +42.6%
Net margin 0.8%
Return on equity 3.2%
Free cash flow −66.5M THB FY2025
P/E ratio 22.9
More key figures
Operating margin 1.7%
EPS (TTM) 0.0700 THB
Dividend yield 3.1%
EPS growth (YoY) -29.1%
Net debt 874M THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Christiani & Nielsen (Thai) Public Company Limited, together with its subsidiaries, provides construction services for government and private sectors. It operates in two segments Construction services, and Sales and Service. The company engages in the civil and infrastructure; general buildings and hospitality; power and petrochemicals; and industrial facilities and hypermarkets business, as well as property development business. It also provides services for energy solutions in solar, wind, and other renewable energy sectors; and develops renewable energy-based power producing facilities. The company was formerly known as Christiani & Nielsen (Siam) Ltd. and changed its name to Christiani & Nielsen (Thai) Public Company Limited in November 1992. The company was founded in 1904 and is headquartered in Bangkok, Thailand. Christiani & Nielsen (Thai) Public Company Limited operates as a subsidiary of Globex Corporation Limited.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Christiani & Nielsen (Thai) Public Company reported revenue of 7.4B THB in FY2025 versus 6.2B THB in FY2021, a compound +4.7%/yr. Reported net income was 78.0M THB in FY2025.

Revenue +4.7%/yr
FY21 6.2B THB
FY22 5.3B THB
FY23 7.2B THB
FY24 6.1B THB
FY25 7.4B THB
Net income
FY21 −130M THB
FY22 −219M THB
FY23 29.0M THB
FY24 49.9M THB
FY25 78.0M THB

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Frequently asked questions

Is Christiani & Nielsen (Thai) Public Company (CNT) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 1.24 THB versus a price of 1.59 THB — about −22% (overvalued). Model-based estimate, not financial advice.
What is the fair value of CNT?
Our 21-model fair value for Christiani & Nielsen (Thai) Public Company is 1.24 THB (as of Jun 24, 2026), built from audited fundamentals. The current price is 1.59 THB.
What is the quality score of CNT?
Christiani & Nielsen (Thai) Public Company has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Christiani & Nielsen (Thai) Public Company (CNT)?
Christiani & Nielsen (Thai) Public Company reported trailing-twelve-month revenue of about 8.2B THB (latest available figure, as of Jun 24, 2026).
What is the net profit margin of CNT?
The net profit margin of Christiani & Nielsen (Thai) Public Company is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.
Does Christiani & Nielsen (Thai) Public Company pay a dividend?
Christiani & Nielsen (Thai) Public Company currently shows a dividend yield of about 3.13% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.