Eastern Water Resources Development and Management Public Company Limited (EASTW) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Eastern Water Resources Development and Management Public Company Limited THB 3.34, price THB 4.92, upside -32.1%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1.58 THB – 9.26 THB · fair‑value band 2.34 THB – 4.34 THB · the 4.92 THB price screens above the 3.34 THB fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Eastern Water Resources Development and Management Public Company Limited, together with its subsidiaries, engages in the development and management of water distribution pipeline systems in the Eastern Seaboard area of Thailand.
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Eastern Water Resources Development and Management Public Company Limited, together with its subsidiaries, engages in the development and management of water distribution pipeline systems in the Eastern Seaboard area of Thailand. The company is involved in the supply of raw and industrial water; production and supply of tap water; wastewater treatment, waterworks management, and engineering activities; and provision of waste treatment and reclaim water services. Eastern Water Resources Development and Management Public Company Limited was founded in 1992 and is headquartered in Bangkok, Thailand.
Stock analysis
Eastern Water Resources Development and Management Public Company Limited (EASTW) currently trades at 4.92 THB, while our model-based Fair Value estimate is 3.34 THB, implying the stock looks roughly 47.3% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 5.68 THB per share, and 5 of the 10 models we run sit above the 4.92 THB price.
Bear case: the Earnings-Based group reads lowest at 2.00 THB, and 5 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 2.34 THB (bear) to 4.34 THB (bull), the price of 4.92 THB sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Utilities sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Eastern Water Resources Development and Management Public Company Limited reported revenue of 3.6B THB in FY2025 versus 4.6B THB in FY2021, a compound −6.4%/yr. Reported net income was 9.5M THB in FY2025, compounding −69.2%/yr from FY2021.
Key figures
Market cap 8.2B THB (≈ $246M) · P/E ratio 123.0 · P/S ratio 0.33 · EPS (TTM) 0.0400 THB · Dividend yield 0.2% · Net margin 0.3% · Return on equity 0.6% · Return on assets (EBIT) 3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 174% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −42% fair-value upside, at −32%, EASTW screens cheaper than that median.
Fair Value models
Bear 2.34 THBFair Value 3.34 THBBull 4.34 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0219 THB per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−4.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.8%
Revenue growth 24 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.6%
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What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−60.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−60.9%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−61% vs −39%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.27% → 13%
Compare Eastern Water Resources Development and Management Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Utilities - Regulated Water · 65 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Above median
Fair Value upside−33% · Below median
Profitability
Return on equity (TTM)1% · Bottom 25%
Return on assets1% · Below median
Net margin (TTM)2% · Bottom 25%
Operating margin (TTM)21% · Above median
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.89× · Above median
Valuation Multiplesvs Utilities - Regulated Water median · lower = cheaper
P/E (TTM)123.0× · Priciest 25%
P/B0.73× · Cheapest 25%
P/S (TTM)2.33× · Cheaper than median
EV/EBITDA10.8× · Cheaper than median
PEG1.19× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 6
FUTURE (revenue growth)0· sector 29
PAST (return on equity)3· sector 31
HEALTH (low debt)56· sector 66
DIVIDEND (yield)4· sector 48
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Eastern Water Resources Development and Management Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/EASTW
Frequently asked questions
Is Eastern Water Resources Development and Management Public Company Limited (EASTW) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3.34 THB versus a price of 4.92 THB, about −32% upside (overvalued).
What is the fair value of EASTW?
Our model-based fair value for Eastern Water Resources Development and Management Public Company Limited is 3.34 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 4.92 THB.
What is the quality score of EASTW?
Eastern Water Resources Development and Management Public Company Limited has a Quality Score of 45/100. 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 price target for Eastern Water Resources Development and Management Public Company Limited (EASTW)?
Our model-based price target is the fair value of 3.34 THB (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 2.34 THB, optimistic scenario 4.34 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Eastern Water Resources Development and Management Public Company Limited stock forecast for 2026?
Our models put fair value at 3.34 THB, about −32% upside versus a price of 4.92 THB (overvalued). Cautious scenario 2.34 THB, optimistic scenario 4.34 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
Eastern Water Resources Development and Management Public Company Limited reported trailing-twelve-month revenue of about 3.6B THB (latest available figure, as of Sep 24, 2026).
Does Eastern Water Resources Development and Management Public Company Limited pay a dividend?
Eastern Water Resources Development and Management Public Company Limited currently shows a dividend yield of about 0.20% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eastern Water Resources Development and Management Public Company Limited it is 3.34 THB per share (as of Sep 24, 2026), against a price of 4.92 THB. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Eastern Water Resources Development and Management Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, EASTW trades above its calculated fair value: price 4.92 THB, fair value 3.34 THB, a gap of about −32% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EASTW?
No. The price is what the market pays today (4.92 THB); the fair value is what the company's own numbers justify (3.34 THB). For Eastern Water Resources Development and Management Public Company Limited the two are 1.58 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Eastern Water Resources Development and Management Public Company Limited worth?
The market values Eastern Water Resources Development and Management Public Company Limited at about 8.2B THB (market capitalisation, as of Sep 24, 2026). Per share that is 4.92 THB; our models calculate a fair value of 3.34 THB per share.
What do the bullish and bearish scenarios say about EASTW?
Our models span a range for Eastern Water Resources Development and Management Public Company Limited: cautious scenario 2.34 THB, base 3.34 THB, optimistic 4.34 THB per share (as of Sep 24, 2026, price 4.92 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EASTW?
Eastern Water Resources Development and Management Public Company Limited trades at a price-to-earnings ratio of 123.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.34 THB is built from several models across several years. Other multiples: PEG 1.2, P/B 0.7, P/S 2.3, EV/EBITDA 10.8.
What is the PEG ratio of EASTW?
The PEG ratio of Eastern Water Resources Development and Management Public Company Limited is 1.19 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
Balance-sheet figures for Eastern Water Resources Development and Management Public Company Limited (as of Sep 24, 2026): return on equity 0.6%, debt of 0.89 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is EASTW from its 52-week high?
Eastern Water Resources Development and Management Public Company Limited trades at 4.92 THB, about 15% below its 52-week high of 5.80 THB and 174% above the low of 1.79 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 3.34 THB is for.
Which stocks are comparable to Eastern Water Resources Development and Management Public Company Limited?
From the same area (Utilities) we also value American Water Works Company, SBS, Essential Utilities, Inc, Guangdong Investment Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Eastern Water Resources Development and Management Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 4.92 THB, calculated fair value 3.34 THB (−32%), Quality Score 45/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EASTW calculated?
We run Eastern Water Resources Development and Management Public Company Limited through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3.34 THB, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Eastern Water Resources Development and Management Public Company Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
The closing price on Sep 24, 2026 was 4.92 THB. Our model-based fair value is 3.34 THB, about −32% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eastern Water Resources Development and Management Public Company Limited right now?
The price sits above even our optimistic bull case (4.34 THB). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (2.34 THB to 4.34 THB) leaves room in how you read the outcome.
Where does the earnings growth of Eastern Water Resources Development and Management Public Company Limited (EASTW) come from?
Earnings per share at Eastern Water Resources Development and Management Public Company Limited grew −23.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.0 %, EBIT margin −11.6 %, tax rate +0.3 %, residual (interest, one-offs) −13.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Eastern Water Resources Development and Management Public Company Limited
How large is the market capitalisation of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
The market capitalisation of Eastern Water Resources Development and Management Public Company Limited is 8.2B THB (≈ $246M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
The price-to-sales ratio of Eastern Water Resources Development and Management Public Company Limited is 0.33 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
Earnings per share at Eastern Water Resources Development and Management Public Company Limited are 0.0400 THB (price ÷ EPS = P/E 123.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
The dividend yield of Eastern Water Resources Development and Management Public Company Limited is 0.2% (payout 25.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
The net margin of Eastern Water Resources Development and Management Public Company Limited is 0.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
The return on equity (ROE) of Eastern Water Resources Development and Management Public Company Limited is 0.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
On an EBIT basis the return on assets of Eastern Water Resources Development and Management Public Company Limited is 3.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Eastern Water Resources Development and Management Public Company Limited (EASTW)?
The operating margin of Eastern Water Resources Development and Management Public Company Limited is 20.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eastern Water Resources Development and Management Public Company Limited (EASTW)?
Revenue at Eastern Water Resources Development and Management Public Company Limited is growing −0.3% versus a year earlier (3y avg −5.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Eastern Water Resources Development and Management Public Company Limited (EASTW)?
Earnings per share at Eastern Water Resources Development and Management Public Company Limited are growing +864% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Eastern Water Resources Development and Management Public Company Limited (EASTW) generate?
The free cash flow of Eastern Water Resources Development and Management Public Company Limited is −352M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Eastern Water Resources Development and Management Public Company Limited (EASTW) carry?
The net debt of Eastern Water Resources Development and Management Public Company Limited is 15.2B THB (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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