Demco Public Company (DEMCO) Fair Value & Analysis
Industrials · TH · Market cap 2.8B THB
Fair value as of: Jul 12, 2026
From 22 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from 0.4600 THB to 0.4500 THB (−2.2%) since Jun 24, 2026. Share price −13.8% over the past month.
Below-average quality, and screening another 86% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.5100 THB). The favourable scenario is already priced in.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range 1.59 THB – 6.35 THB · fair‑value band 0.3800 THB – 0.5100 THB · the 3.26 THB price screens above the 0.4500 THB fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Demco Public Company (DEMCO) currently trades at 3.26 THB, while our model-based Fair Value estimate is 0.4500 THB, implying the stock looks roughly 86.2% overvalued today. The Quality Score stands at 46/100 (below-average 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: high).
Over the trailing twelve months, Demco Public Company generated revenue of 2.1B THB at a net margin of 0.6%. Revenue declined 51.2% year over year. It earns a return on equity of 0.4%. Net debt stands at 1.1B THB. Fundamentals as of Jul 12, 2026
Our scenario range runs from 0.3800 THB (bear case) to 0.5100 THB (bull case); at 3.26 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 22% below its 52-week high and 80% 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 -86%, DEMCO 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 22 models by family
Widest divergence: Asset-Based (3.21 THB) versus Earnings-Based (0.1400 THB). Highest evidence: Growth DCF (80).
Notify me when DEMCO reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 77
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
Demco Public Company Limited, together with its subsidiaries, engages in the provision of electric system construction and service works in the fields of electric engineering and telecommunication in Thailand.
Full company description
Demco Public Company Limited, together with its subsidiaries, engages in the provision of electric system construction and service works in the fields of electric engineering and telecommunication in Thailand. The company operates through six segments: Sales, Electricity from Solar Power, Electrical Work Services, Engagement Work Services, Other Services, and Sales and Providing Service to Biomass Power Plant. The Sales segment produces and sells steel structure fabrications for electrical and telecommunication works; and water. The Electricity from Solar Power segment generates and sells electricity from solar power. The Electrical Work Services segment designs, constructs, and manages electrical work. The Engagement Work Services segment produces and installs fabricated steel structures and high-pressure vessels. The Other Services segment provides civil work, communication, and other services. The Sales and Providing Service to Biomass Power Plant segment engages in the operating service and maintenance of biomass power plant; and offers biomass fuel. The company also manufactures and trades in steel supporting structures and steel towers; and trades in assembled telecommunication equipment, communication equipment, and electrical equipment, as well as sells construction materials, and manufacture and sale of galvanized structure steel and electrical equipment. In addition, it invests in projects of renewable energy generation and utilities system, including wind energy, solar farm, and solar roof projects. Further, the company design, procurement, construct, test, install, and maintain electrical engineering, renewable energy, signaling and communication, mechanical and electrical, telecommunication tower, and energy conservative work. Additionally, it operates in renewable energy of an utility systems; and electricity generation and transmission business. Demco Public Company Limited was incorporated in 1992 and is headquartered in Pathum Thani, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Demco Public Company reported revenue of 2.1B THB in FY2025 versus 2.6B THB in FY2021, a compound −4.3%/yr. Reported net income was 12.8M THB in FY2025, compounding −40.3%/yr from FY2021.
DEMCO screens 86% overvalued. Compare with Larsen & Toubro Limited →
Peer Group
Engineering & Construction · 839 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.
VALUE 0: the price sits above our fair-value range.
Insider activity: 30/100
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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 12, 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% |
Compare Demco Public Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Demco Public Company (DEMCO) overvalued or undervalued?
What is the fair value of DEMCO?
What is the quality score of DEMCO?
What is the revenue of Demco Public Company (DEMCO)?
What is the net profit margin of DEMCO?
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.
Track Demco Public Company and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.