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Salee Colour Public Company (COLOR) Fair Value & Analysis

Basic Materials · TH · Market cap 595M THB

SC Salee Colour Public Company COLOR · BK
Price1.00 THB
Fair Value0.6800 THB
Upside-32.0%
Quality58/100
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Weak Growth
Thin margins · 1.7% net margin
Low debt · generates free cash flow
2.94% dividend yield
Mixed vs. peers (7/14)
Narrow moat 27/100
Evidence: High Range 0.5100 THB – 0.8500 THB Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

A solid business, but screening 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.8500 THB). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

2.20 THB 0.9287 THB Fair Value 0.6800 THB Jan 2021 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

60‑month range 0.9287 THB – 2.20 THB · fair‑value band 0.5100 THB – 0.8500 THB · the 1.00 THB price screens above the 0.6800 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 →

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Analysis

Salee Colour Public Company (COLOR) currently trades at 1.00 THB, while our model-based Fair Value estimate is 0.6800 THB, implying the stock looks roughly 32.0% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Basic Materials 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, Salee Colour Public Company generated revenue of 1.0B THB at a net margin of 2.3%. Revenue declined 10.7% year over year. It earns a return on equity of 2.0%. Net debt stands at 322M THB. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.5100 THB (bear case) to 0.8500 THB (bull case); at 1.00 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 9% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -32%, COLOR 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
Growth DCF 1.42 THB 1.82 THB 2.44 THB 80
Residual Income 0.9700 THB 0.9400 THB 0.7400 THB 76
Rev-Margin DCF 0.7900 THB 1.02 THB 1.31 THB 74
All 24 models by family
DCF Models
FCF DCF 1.37 THB 1.80 THB 2.51 THB 38
Owner Earnings 1.17 THB 1.53 THB 2.13 THB 31
5Y Revenue Exit 0.7900 THB 0.9800 THB 1.25 THB 39
5Y EBITDA Exit 1.25 THB 1.77 THB 2.46 THB 41
5Y P/E Exit 0.8400 THB 1.06 THB 1.33 THB 38
10Y Revenue Exit 1.03 THB 1.19 THB 1.34 THB 36
10Y EBITDA Exit 1.30 THB 1.63 THB 1.98 THB 37
10Y P/E Exit 1.07 THB 1.23 THB 1.38 THB 35
Earnings-Based
Graham-Dodd 0.2700 THB 0.3300 THB 0.3700 THB 54
EPV 0.2700 THB 0.3100 THB 0.3400 THB 59
Dividend Discount
Gordon GGM 0.3900 THB 0.4200 THB 0.4600 THB 70
DDM Multi-Stage 0.3900 THB 0.4600 THB 0.5600 THB 61
Multiples
P/E Multiple 0.5100 THB 0.6800 THB 0.8500 THB 63
P/S Multiple 0.5100 THB 0.6800 THB 0.8500 THB 58
P/B Multiple 0.5100 THB 0.6800 THB 0.8500 THB 55
EV/EBIT 0.4300 THB 0.5800 THB 0.7300 THB 53
EV/EBITDA 1.35 THB 1.80 THB 2.26 THB 54
EV/Revenue 0.3700 THB 0.5400 THB 0.7100 THB 43
Asset-Based
NCAV (Graham) 0.7100 THB 0.9500 THB 1.41 THB 50
Growth DCF
Growth DCF 1.42 THB 1.82 THB 2.44 THB 80
Rev-Margin DCF 0.7900 THB 1.02 THB 1.31 THB 74
Economic Profit
Residual Income 0.9700 THB 0.9400 THB 0.7400 THB 76
ROIC Compounder 0.2700 THB 0.3100 THB 0.3400 THB 72
Growth Earnings
Growth-Adj P/E 0.3600 THB 0.5200 THB 0.6800 THB 68

Widest divergence: DCF Models (1.23 THB) versus Earnings-Based (0.3100 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0B THB
Revenue growth (YoY) -2.4%
Net margin 1.7%
Return on equity 1.3%
Free cash flow 101M THB FY2025
P/E ratio 33.7
More key figures
Operating margin 2.2%
EPS (TTM) 0.0300 THB
Dividend yield 2.9%
EPS growth (YoY) -60.5%
Net debt 322M THB FY2025

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 55

Profitability 30
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 82
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

Salee Colour Public Company Limited, together with its subsidiaries, engages in the manufacture and distributes pigment pellets and powders, fabricated plastic, masterbatch and compound, and distribution of solar energy system parts and installation services in Thailand.

Full company description

Salee Colour Public Company Limited, together with its subsidiaries, engages in the manufacture and distributes pigment pellets and powders, fabricated plastic, masterbatch and compound, and distribution of solar energy system parts and installation services in Thailand. The company offers black masterbatch products for use in engineering and polyolefin resins; white masterbatch products for applications in a range of carrier resins; and filler masterbatch products for use in polyolefin resins. It also provides additive masterbatch products, including anti-oxidants, anti-static, anti-microbial, fragrance, non-halogen flame retardant, processing aid, slip-agent, anti-block, and UV stabilizer products for application in the construction, textile and fiber, agriculture, food and industrial packaging, electronic appliance, automotive, and enhancing recycle article areas. In addition, the company offers services like custom masterbatch, bioplastic compounds, compounding service, and laboratory services; spunbond nonwoven products under the Magik Growth brand name; turning plastic scrap into value under the MONICA brand name; floating buoys under the SUNTARA brand name; sells and installs shelters, EV chargers, batteries, solar panels and inverters for solar systems; designs, sells, and installs renewable energy power generation systems; and engages in the provision of engineering, procurement, and construction, as well as inspects and maintains solar energy systems. It also exports its products. Salee Colour Public Company Limited was founded in 2003 and is based in Mueang Samut Prakan, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Salee Colour Public Company reported revenue of 1.0B THB in FY2025 versus 1.2B THB in FY2021, a compound −3.7%/yr. Reported net income was 23.6M THB in FY2025, compounding −19.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.0B THB
Latest YoY
−6.7%
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.
−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.
+0.5%
Avg. growth/yr (15Y) 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.
+4.0%
Revenue −3.7%/yr
FY21 1.2B THB
FY22 1.2B THB
FY23 1.2B THB
FY24 1.1B THB
FY25 1.0B THB
Net income −19.9%/yr
FY21 57.4M THB
FY22 59.5M THB
FY23 30.7M THB
FY24 37.1M THB
FY25 23.6M THB
Character of growth · EPS growth decomposed (2015-2025) +1.1 % p.a.
Revenue per share +2.1 pp

of which total revenue +2.3 pp · buybacks/dilution −0.1 pp

EBIT margin −1.9 pp
Tax rate −0.6 pp
Residual (interest, one-offs) +1.4 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).

COLOR screens 32% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Salee Colour Public Company Fair Value". https://www.fairvalue-calculator.com/stock/COLOR

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.

Quality Score 58 · Above median
Fair Value upside −32% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 2% · Bottom 25%
Revenue growth -2% · Below median
Dividend yield (TTM) 2.9% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 33.7× · Pricier than median
P/B 0.71× · Cheaper than 75% of peers
P/S (TTM) 0.59× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 6.2× · 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 0
FUTURE 0 · sector 19
PAST 5 · sector 23
HEALTH 98 · sector 95
DIVIDEND 59 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 19, 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

Is Salee Colour Public Company (COLOR) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 0.6800 THB versus a price of 1.00 THB, about −32% (overvalued).
What is the fair value of COLOR?
Our model-based fair value for Salee Colour Public Company is 0.6800 THB (as of Jul 19, 2026), built from audited fundamentals. The current price is 1.00 THB.
What is the quality score of COLOR?
Salee Colour Public Company has a Quality Score of 58/100. 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 Salee Colour Public Company (COLOR)?
Salee Colour Public Company reported trailing-twelve-month revenue of about 1.0B THB (latest available figure, as of Jul 19, 2026).
What is the net profit margin of COLOR?
The net profit margin of Salee Colour Public Company is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. 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.

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