Dcon Products Public Company (DCON) Fair Value & Analysis
Basic Materials · TH · Market cap 970M THB
Fair value as of: Jul 16, 2026
From 11 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from 0.0300 THB to 0.0600 THB (+100.0%) since Jun 26, 2026. Share price −5.3% over the past month.
Below-average quality, and screening another 67% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.0600 THB). The favourable scenario is already priced in.
- Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 0.1800 THB – 0.5722 THB · fair‑value band 0.0400 THB – 0.0600 THB · the 0.1800 THB price screens above the 0.0600 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Dcon Products Public Company (DCON) currently trades at 0.1800 THB, while our model-based Fair Value estimate is 0.0600 THB, implying the stock looks roughly 66.7% overvalued today. The Quality Score stands at 39/100 (below-average 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, Dcon Products Public Company generated revenue of 918M THB at a net margin of 1.9%. Revenue grew 4.8% year over year. It earns a return on equity of 0.6%. Net debt stands at 859M THB. Fundamentals as of Jul 16, 2026
Our scenario range runs from 0.0400 THB (bear case) to 0.0600 THB (bull case); at 0.1800 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 39% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -67%, DCON screens richer 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 11 models by family
Widest divergence: Asset-Based (0.3300 THB) versus Earnings-Based (0.0200 THB). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 28
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
Dcon Products Public Company Limited, together with its subsidiaries, manufactures and sells construction supplies in Thailand. The company operates through Sales of Construction Supplies; Sales of Real Estate; and Real Estate for Lease segments.
Full company description
Dcon Products Public Company Limited, together with its subsidiaries, manufactures and sells construction supplies in Thailand. The company operates through Sales of Construction Supplies; Sales of Real Estate; and Real Estate for Lease segments. It also provides flat floor slabs, pre-stressed planks and piles, corrugated planks, fencing and retaining wall, Dcon block, blocks, hallow core, hexagon piles, light weight bricks, and footing products. In addition, the company offers precast walls, partition, and floors, as well as concrete posts, prefabricated solutions, and other products. Further, it is involved in the sale of land and lease of real estate properties, as well as engages in property development business. Dcon Products Public Company Limited was incorporated in 1996 and is headquartered in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Dcon Products Public Company reported revenue of 906M THB in FY2025 versus 965M THB in FY2021, a compound −1.6%/yr. Reported net income was 8.3M THB in FY2025, compounding −47.9%/yr from FY2021.
of which total revenue −1.8 pp · buybacks/dilution −3.8 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).
DCON screens 67% overvalued. Compare with CRH plc →
Peer Group
Building Materials · 253 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 Building Materials 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $102.92 | $70.57 | -31% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,711 | ₹4,719 | -60% |
| China Jushi Co 600176 | ¥54.52 | ¥13.95 | -74% |
| Grasim Industries Limited GRASIM | ₹3,073 | ₹1,245 | -59% |
| CEMEX, S.A. CEMEXCPO | 21.71 MXN | 15.42 MXN | -29% |
| Anhui Conch Cement Company 600585 | ¥16.99 | ¥26.14 | +54% |
| Ambuja Cements Limited AMBUJACEM | ₹435.25 | ₹227.96 | -48% |
| Shree Cement Limited SHREECEM | ₹26,930 | ₹8,215 | -69% |
| TCC Group 1101B | 43.70 TWD | 10.48 TWD | -76% |
| Taiwan Glass Ind. Corp 1802 | 53.30 TWD | 13.98 TWD | -74% |
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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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