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D.T.C. Enterprise Public Company (DTCENT) Fair Value & Analysis

Technology · TH · Market cap 1.3B THB

DT D.T.C. Enterprise Public Company DTCENT · BK
Price0.9500 THB
Fair Value1.46 THB
Upside+53.7%
Quality61/100
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Weak Growth
Solidly profitable · 14.2% net margin
generates free cash flow
6.12% dividend yield
Ranks above peers (12/13)
Moderate moat 53/100
Evidence: High Range 1.13 THB – 1.82 THB Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

A solid business, screening 54% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1.13 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (4 years)

1.91 THB 0.7279 THB Fair Value 1.46 THB Dec 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

44‑month range 0.7279 THB – 1.91 THB · fair‑value band 1.13 THB – 1.82 THB · the 0.9500 THB price screens below the 1.46 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

D.T.C. Enterprise Public Company (DTCENT) currently trades at 0.9500 THB, while our model-based Fair Value estimate is 1.46 THB, implying the stock looks roughly 53.7% undervalued today. The Quality Score stands at 61/100 (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, D.T.C. Enterprise Public Company generated revenue of 705M THB at a net margin of 14.2%. Revenue grew 4.9% year over year. It earns a return on equity of 6.4%. The balance sheet holds a net cash position of 638M THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 1.13 THB (bear case) to 1.82 THB (bull case); at 0.9500 THB, the current price sits below 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 5% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at 54%, DTCENT 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 0.9000 THB 0.9300 THB 0.9000 THB 76
Growth DCF 0.9900 THB 1.12 THB 1.32 THB 72
Gordon GGM 0.4700 THB 0.5000 THB 0.5600 THB 70
All 24 models by family
DCF Models
FCF DCF 0.9800 THB 1.11 THB 1.34 THB 38
Owner Earnings 1.57 THB 1.88 THB 2.41 THB 31
5Y Revenue Exit 1.09 THB 1.36 THB 1.76 THB 39
5Y EBITDA Exit 1.41 THB 1.92 THB 2.59 THB 41
5Y P/E Exit 1.27 THB 1.68 THB 2.17 THB 38
10Y Revenue Exit 1.02 THB 1.21 THB 1.41 THB 36
10Y EBITDA Exit 1.22 THB 1.52 THB 1.86 THB 37
10Y P/E Exit 1.14 THB 1.39 THB 1.63 THB 35
Earnings-Based
Graham-Dodd 0.5100 THB 0.6300 THB 0.7200 THB 54
EPV 0.9700 THB 1.02 THB 1.07 THB 59
Dividend Discount
Gordon GGM 0.4700 THB 0.5000 THB 0.5600 THB 70
DDM Multi-Stage 0.4700 THB 0.5600 THB 0.6700 THB 61
Multiples
P/E Multiple 1.13 THB 1.50 THB 1.88 THB 63
P/S Multiple 0.9600 THB 1.28 THB 1.59 THB 58
P/B Multiple 0.9600 THB 1.28 THB 1.59 THB 55
EV/EBIT 1.57 THB 1.91 THB 2.25 THB 53
EV/EBITDA 1.95 THB 2.42 THB 2.89 THB 54
EV/Revenue 1.23 THB 1.53 THB 1.82 THB 43
Asset-Based
NCAV (Graham) 0.5900 THB 0.8000 THB 1.19 THB 50
Growth DCF
Growth DCF 0.9900 THB 1.12 THB 1.32 THB 72
Rev-Margin DCF 1.09 THB 1.37 THB 1.72 THB 67
Economic Profit
Residual Income 0.9000 THB 0.9300 THB 0.9000 THB 76
ROIC Compounder 0.9700 THB 1.02 THB 1.07 THB 67
Growth Earnings
Growth-Adj P/E 0.8000 THB 1.14 THB 1.48 THB 68

Widest divergence: Multiples (1.50 THB) versus Dividend Discount (0.5000 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 705M THB
Revenue growth (YoY) +4.9%
Net margin 14.2%
Return on equity 6.4%
Free cash flow 71.8M THB FY2025
P/E ratio 12.3
More key figures
Operating margin 19.5%
EPS (TTM) 0.0800 THB
Dividend yield 6.1%
EPS growth (YoY) +4.1%
Net cash 638M THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 66

Profitability 39
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 64
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

D.T.C. Enterprise Public Company Limited, together with its subsidiaries, provides global positioning system (GPS) products and services in Thailand. It operates through GPS Tracking Business, Software Business, IoT Business, and Other Business segments.

Full company description

D.T.C. Enterprise Public Company Limited, together with its subsidiaries, provides global positioning system (GPS) products and services in Thailand. It operates through GPS Tracking Business, Software Business, IoT Business, and Other Business segments. The company offers real-time GPS tracking system solutions that include current location, history route, and speed that can be monitored in real-time, as well as provides various reports, such as driver behavior, current location, vehicle usage, route, the Department of Land Transport, and other reports. It also provides mobile digital video recorders that monitors real time location and speed; and controller, which can monitor image and location through PC, tablet, and mobile to check driver behavior, prevent fraud behavior, and inspect for all types of vehicles. In addition, the company develops various software, which includes smart farm solutions for agriculture; DTC fleet maintenance, a system for vehicle maintenance; DeeMap Solution, an online map system; business activity management system; and transport management solutions. Further, it provides IoT solutions for monitoring, controlling, and tracking systems applied for oil handling along border zone, and to draw up database of liquor sale located close by or around schools; information systems and DVR camera systems for fire engines and rescue departments; E-Sarabun, an information technology system for internal office system development; body temperature measurement systems; smart pole technology to create a society of safety; smart city solutions; smart vending machine IoT solutions; LED full color display systems; fire detection systems; and smart water management. Additionally, the company designs and installs software; sells and installs equipment; and provides IT and maintenance services. D.T.C. Enterprise Public Company Limited was founded 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

D.T.C. Enterprise Public Company reported revenue of 696M THB in FY2025 versus 585M THB in FY2021, a compound +4.4%/yr. Reported net income was 98.7M THB in FY2025, compounding +5.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
696M THB
Latest YoY
−2.3%
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.
+3.1%
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.
+1.8%
Avg. growth/yr (8Y) 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.
−2.4%
Revenue +4.4%/yr
FY21 585M THB
FY22 636M THB
FY23 709M THB
FY24 713M THB
FY25 696M THB
Net income +5.9%/yr
FY21 78.5M THB
FY22 52.1M THB
FY23 99.8M THB
FY24 115M THB
FY25 98.7M THB

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Cite: Fair Value Calculator (2026). "D.T.C. Enterprise Public Company Fair Value". https://www.fairvalue-calculator.com/stock/DTCENT

Peer Group

Scientific & Technical Instruments · 161 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 61 · Above median
Fair Value upside +54% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 5% · Below median
Dividend yield (TTM) 6.1% · Top 25%

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 12.3× · Cheaper than 75% of peers
P/B 0.83× · Cheaper than 75% of peers
P/S (TTM) 1.83× · Cheaper than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 3.3× · 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 100 · sector 0
FUTURE 25 · sector 32
PAST 25 · sector 25
HEALTH 0 · sector 98
DIVIDEND 100 · sector 24

Insider activity: 45/100

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.

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Frequently asked questions

Is D.T.C. Enterprise Public Company (DTCENT) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 1.46 THB versus a price of 0.9500 THB, about +54% (undervalued).
What is the fair value of DTCENT?
Our model-based fair value for D.T.C. Enterprise Public Company is 1.46 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.9500 THB.
What is the quality score of DTCENT?
D.T.C. Enterprise Public Company has a Quality Score of 61/100. 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 D.T.C. Enterprise Public Company (DTCENT)?
D.T.C. Enterprise Public Company reported trailing-twelve-month revenue of about 705M THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of DTCENT?
The net profit margin of D.T.C. Enterprise Public Company is about 14.2%, meaning it keeps roughly 14.2% of revenue as net income. Based on the latest reported figures.
Does D.T.C. Enterprise Public Company pay a dividend?
D.T.C. Enterprise Public Company currently shows a dividend yield of about 6.32% relative to its recent price (as of Jul 17, 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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