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D.T.C. Industries Public Company (DTCI) Fair Value & Analysis

Industrials · TH · Market cap 173M THB

DT D.T.C. Industries Public Company DTCI · BK
Price17.70 THB
Fair Value19.78 THB
Upside+11.8%
Quality56/100
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Weak Growth
Loss-making · -5.6% net margin
Low debt · generates free cash flow
1.45% dividend yield
Trails peers (3/11)
Narrow moat 15/100
Evidence: Medium Range 19.31 THB – 20.24 THB Share as image

Fair value as of: Jul 13, 2026

From 11 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from 21.68 THB to 19.78 THB (−8.8%) since Jun 24, 2026.

A solid business, screening 12% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (19.31 THB). The market is more pessimistic than our downside scenario.
  • The models converge in a tight band (19.31 THB to 20.24 THB), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

54.47 THB 15.89 THB Fair Value 19.78 THB Jun 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 15.89 THB – 54.47 THB · fair‑value band 19.31 THB – 20.24 THB · the 17.70 THB price screens below the 19.78 THB fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

D.T.C. Industries Public Company (DTCI) currently trades at 17.70 THB, while our model-based Fair Value estimate is 19.78 THB, implying the stock looks roughly 11.8% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, D.T.C. Industries Public Company generated revenue of 121M THB at a net margin of -5.6%. Revenue grew 3.2% year over year. It earns a return on equity of -1.7%. The balance sheet holds a net cash position of 179M THB. Fundamentals as of Jul 13, 2026

Our scenario range runs from 19.31 THB (bear case) to 20.24 THB (bull case); at 17.70 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 43% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -57% fair-value upside, at 12%, DTCI 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 18.44 THB 18.95 THB 19.71 THB 80
Rev-Margin DCF 18.56 THB 19.61 THB 20.90 THB 74
EV/EBITDA 17.69 THB 18.16 THB 18.63 THB 54
All 11 models by family
DCF Models
FCF DCF 18.39 THB 18.93 THB 19.81 THB 38
Owner Earnings 18.92 THB 19.60 THB 20.70 THB 31
5Y Revenue Exit 18.56 THB 19.55 THB 20.99 THB 39
5Y EBITDA Exit 17.92 THB 18.44 THB 19.14 THB 41
10Y Revenue Exit 18.41 THB 19.06 THB 19.74 THB 36
10Y EBITDA Exit 18.13 THB 18.47 THB 18.81 THB 37
Multiples
EV/EBITDA 17.69 THB 18.16 THB 18.63 THB 54
EV/Revenue 18.93 THB 20.06 THB 21.19 THB 43
Asset-Based
NCAV (Graham) 19.20 THB 25.72 THB 38.40 THB 50
Growth DCF
Growth DCF 18.44 THB 18.95 THB 19.71 THB 80
Rev-Margin DCF 18.56 THB 19.61 THB 20.90 THB 74

Widest divergence: Asset-Based (25.72 THB) versus Multiples (18.16 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 121M THB
Revenue growth (YoY) +3.2%
Net margin -5.6%
Return on equity -1.7%
Free cash flow 2.9M THB FY2025
Operating margin -11.8%
More key figures
EPS (TTM) -0.6800 THB
Dividend yield 1.5%
EPS growth (YoY) -90.1%
Net cash 179M THB FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 58 · Market factors (momentum, volatility) 19

Profitability 10
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 5
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

D.T.C. Industries Public Company Limited, together with its subsidiaries, engages in the production and trading of pens and related products in Thailand. It is involved in service and rental space businesses. The company was founded in 1963 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. Industries Public Company reported revenue of 119M THB in FY2025 versus 139M THB in FY2021, a compound −3.8%/yr. Reported net income was −7.3M THB in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
119M THB
Latest YoY
−12.7%
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.
−8.1%
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.
−6.6%
Avg. growth/yr (25Y) 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.
−5.7%
Revenue −3.8%/yr
FY21 139M THB
FY22 153M THB
FY23 144M THB
FY24 136M THB
FY25 119M THB
Net income
FY21 6.6M THB
FY22 10.5M THB
FY23 7.5M THB
FY24 −3.2M THB
FY25 −7.3M THB

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

Peer Group

Business Equipment & Supplies · 72 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 56 · Above median
Fair Value upside +12% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -12% · Bottom 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.05× · Higher than median

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 1.8× · Pricier than median

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 49 · sector 33
FUTURE 16 · sector 18
PAST 0 · sector 21
HEALTH 97 · sector 99
DIVIDEND 29 · sector 52

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 Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Ricoh Company RICO ¥15.33 ¥17.99 +17%
GRG Banking Equipment Co 002152 ¥10.08 ¥6.90 -32%
Shanghai M&G Stationery Inc 603899 ¥21.45 ¥30.05 +40%
XGD Inc 300130 ¥19.90 ¥15.67 -21%
DOMS Industries Limited DOMS ₹2,260 ₹782.96 -65%
Hengbao Co 002104 ¥9.20 ¥1.66 -82%
Shaanxi Fenghuo Electronics Co 000561 ¥6.99 ¥1.75 -75%
Shenzhen Comix Group 002301 ¥7.30 ¥3.11 -57%
Shandong New Beiyang Information Technology Co 002376 ¥6.00 ¥1.73 -71%
Cashway Fintech Co 603106 ¥9.04 ¥1.20 -87%

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Frequently asked questions

Is D.T.C. Industries Public Company (DTCI) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 19.78 THB versus a price of 17.70 THB, about +12% (undervalued).
What is the fair value of DTCI?
Our model-based fair value for D.T.C. Industries Public Company is 19.78 THB (as of Jul 13, 2026), built from audited fundamentals. The current price is 17.70 THB.
What is the quality score of DTCI?
D.T.C. Industries Public Company has a Quality Score of 56/100. 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. Industries Public Company (DTCI)?
D.T.C. Industries Public Company reported trailing-twelve-month revenue of about 121M THB (latest available figure, as of Jul 13, 2026).
What is the net profit margin of DTCI?
The net profit margin of D.T.C. Industries Public Company is about -5.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does D.T.C. Industries Public Company pay a dividend?
D.T.C. Industries Public Company currently shows a dividend yield of about 1.37% relative to its recent price (as of Jul 13, 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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