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Ditto (Thailand) Public Company (DITTO) Fair Value & Analysis

Technology · TH · Market cap 10.8B THB

DT Ditto (Thailand) Public Company DITTO · BK
Price14.50 THB
Fair Value14.68 THB
Upside+1.2%
Quality59/100
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Healthy Growth
Solidly profitable · 18.3% net margin
generates free cash flow
3.42% dividend yield
Ranks above peers (10/14)
Wide moat 67/100
Evidence: High Range 11.01 THB – 22.16 THB Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 28 days ago

Fair value updated Jul 12, 2026, revised from 16.45 THB to 14.68 THB (−10.8%) since Jun 24, 2026. Share price −7.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (11.01 THB to 22.16 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

72.08 THB 8.64 THB Fair Value 14.68 THB May 2021 Aug 2026

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 8.64 THB – 72.08 THB · fair‑value band 11.01 THB – 22.16 THB · the 14.50 THB price screens below the 14.68 THB fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Ditto (Thailand) Public Company (DITTO) currently trades at 14.50 THB, while our model-based Fair Value estimate is 14.68 THB, implying the stock looks roughly 1.2% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Technology 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, Ditto (Thailand) Public Company generated revenue of 3.3B THB at a net margin of 18.3%. Revenue grew 23.3% year over year. It earns a return on equity of 16.0%. The balance sheet holds a net cash position of 189M THB. Fundamentals as of Jul 12, 2026

Our scenario range runs from 11.01 THB (bear case) to 22.16 THB (bull case); at 14.50 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 about 6% below its 52-week high and 69% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 1%, DITTO 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
Residual Income 5.71 THB 7.23 THB 17.39 THB 76
Growth DCF 10.19 THB 18.63 THB 35.69 THB 72
Gordon GGM 4.57 THB 9.51 THB 15.09 THB 70
All 26 models by family
DCF Models
FCF DCF 10.81 THB 16.79 THB 35.85 THB 38
Owner Earnings 12.19 THB 27.25 THB 58.87 THB 31
5Y Revenue Exit 9.70 THB 16.82 THB 31.74 THB 39
5Y EBITDA Exit 10.61 THB 18.66 THB 34.44 THB 41
5Y P/E Exit 13.02 THB 29.42 THB 51.92 THB 38
10Y Revenue Exit 9.83 THB 21.84 THB 29.70 THB 36
10Y EBITDA Exit 10.86 THB 23.80 THB 46.38 THB 37
10Y P/E Exit 12.61 THB 28.98 THB 56.21 THB 35
Earnings-Based
Graham-Dodd 5.87 THB 40.95 THB 57.47 THB 54
Lynch FV 15.78 THB 22.55 THB 29.31 THB 50
PEG = 1.0 15.78 THB 22.55 THB 29.31 THB 46
EPV 7.51 THB 8.70 THB 9.75 THB 59
Dividend Discount
Gordon GGM 4.57 THB 9.51 THB 15.09 THB 70
DDM Multi-Stage 4.57 THB 8.02 THB 9.98 THB 61
Multiples
P/E Multiple 12.95 THB 17.27 THB 21.59 THB 63
P/S Multiple 8.56 THB 11.42 THB 14.27 THB 58
P/B Multiple 11.01 THB 14.68 THB 18.35 THB 55
EV/EBIT 13.04 THB 17.26 THB 21.48 THB 53
EV/EBITDA 10.14 THB 13.40 THB 16.65 THB 54
EV/Revenue 8.37 THB 11.79 THB 15.22 THB 43
Asset-Based
NCAV (Graham) 2.74 THB 3.67 THB 5.48 THB 50
Growth DCF
Growth DCF 10.19 THB 18.63 THB 35.69 THB 72
Rev-Margin DCF 9.83 THB 19.18 THB 36.92 THB 67
Economic Profit
Residual Income 5.71 THB 7.23 THB 17.39 THB 76
ROIC Compounder 9.41 THB 13.45 THB 16.57 THB 67
Growth Earnings
Growth-Adj P/E 19.67 THB 28.10 THB 36.53 THB 68

Widest divergence: Growth Earnings (28.10 THB) versus Asset-Based (3.67 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.3B THB
Revenue growth (YoY) +23.3%
Net margin 18.3%
Return on equity 16.0%
Free cash flow 430M THB FY2025
P/E ratio 17.7
More key figures
Operating margin 20.6%
EPS (TTM) 0.8800 THB
Dividend yield 3.4%
EPS growth (YoY) +8.9%
Net cash 189M THB FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 61 · Market factors (momentum, volatility) 74

Profitability 57
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 84
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 58
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

Ditto (Thailand) Public Company Limited engages in the distribution and rendering service of data and document management solutions in Thailand. The company rents, distributes, and services photocopiers, printers, and technology products, as well as renders technology engineering services for projects.

Full company description

Ditto (Thailand) Public Company Limited engages in the distribution and rendering service of data and document management solutions in Thailand. The company rents, distributes, and services photocopiers, printers, and technology products, as well as renders technology engineering services for projects. It offers construction, mechanical, and electrical engineering systems; and information technology services. In addition, it is involved in the mangrove reforestation concession for carbon credits; point-of-sale, technical, and business process outsourcing services; data and document management, and green and climate technology solutions; and provision of data security services. Further, the company provides integrated CCTV solutions; i-BOX, an e-tax invoice solution; and E-VRT system, a software system that facilitates merchants in issuing documents and managing VAT refunds for foreign tourists. Ditto (Thailand) Public Company Limited was founded in 2013 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ditto (Thailand) Public Company reported revenue of 3.2B THB in FY2025 versus 1.1B THB in FY2021, a compound +30.6%/yr. Reported net income was 599M THB in FY2025, compounding +31.5%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.2B THB
Latest YoY
+30.3%
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.
+36.8%
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.
+26.3%
Avg. growth/yr (12Y) 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.
+16.8%
Revenue +30.6%/yr
FY21 1.1B THB
FY22 1.2B THB
FY23 1.8B THB
FY24 2.4B THB
FY25 3.2B THB
Net income +31.5%/yr
FY21 201M THB
FY22 235M THB
FY23 335M THB
FY24 458M THB
FY25 599M THB
Character of growth · EPS growth decomposed (2014-2025) +27.6 % p.a.
Revenue per share +19.8 pp

of which total revenue +20.8 pp · buybacks/dilution −1.0 pp

EBIT margin +7.5 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +0.6 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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Cite: Fair Value Calculator (2026). "Ditto (Thailand) Public Company Fair Value". https://www.fairvalue-calculator.com/stock/DITTO

Peer Group

Information Technology Services · 476 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 59 · Above median
Fair Value upside +1% · Above median
Return on equity (TTM) 16% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 23% · Top 25%
Dividend yield (TTM) 3.4% · Above median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 17.7× · Cheaper than median
P/B 2.85× · Pricier than median
P/S (TTM) 3.24× · Pricier than 75% of peers
P/FCF 0.8× · Cheaper than median
EV/EBITDA 14.8× · Pricier than median
PEG 3.29× · Pricier 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 35 · sector 21
FUTURE 100 · sector 30
PAST 64 · sector 36
HEALTH 0 · sector 97
DIVIDEND 68 · sector 37

Insider activity: 40/100

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Ditto (Thailand) Public Company (DITTO) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 14.68 THB versus a price of 14.50 THB, about +1% (fairly valued).
What is the fair value of DITTO?
Our model-based fair value for Ditto (Thailand) Public Company is 14.68 THB (as of Jul 12, 2026), built from audited fundamentals. The current price is 14.50 THB.
What is the quality score of DITTO?
Ditto (Thailand) Public Company has a Quality Score of 59/100. 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 Ditto (Thailand) Public Company (DITTO)?
Ditto (Thailand) Public Company reported trailing-twelve-month revenue of about 3.3B THB (latest available figure, as of Jul 12, 2026).
What is the net profit margin of DITTO?
The net profit margin of Ditto (Thailand) Public Company is about 18.3%, meaning it keeps roughly 18.3% of revenue as net income. Based on the latest reported figures.
Does Ditto (Thailand) Public Company pay a dividend?
Ditto (Thailand) Public Company currently shows a dividend yield of about 3.57% relative to its recent price (as of Jul 12, 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.

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