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Floyd Public Company Limited (FLOYD) Fair Value & Analysis

Industrials · TH · Market cap 484M THB (≈ $14.6M) · ISIN TH8264010001

FP Floyd Public Company Limited FLOYD · BK
Price1.17 THB
Fair Value3.23 THB
Upside+176.1%
Quality70/100
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Strengths

Trades 64% below our fair value of 3.23 THB
Healthy Growth (revenue 5y +26.8 %/yr)
Solidly profitable · 11.2% net margin
generates free cash flow

Risks

!Moderate moat 61/100
Healthy Growth (revenue 5y +26.8 %/yr)
Solidly profitable · 11.2% net margin
generates free cash flow
9.17% dividend yield
Ranks above peers (11/13)
Moderate moat 61/100
Evidence: High Range 2.19 THB – 3.87 THB Share as image

Fair value as of: Aug 19, 2026

From 26 valuation models · updated 11 days ago

Share price +5.4% over the past month.

A solid business, trading 64% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (2.19 THB). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

1.51 THB 0.5228 THB Fair Value 3.23 THB Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 0.5228 THB – 1.51 THB · fair‑value band 2.19 THB – 3.87 THB · the 1.17 THB price screens below the 3.23 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Floyd Public Company Limited (FLOYD) currently trades at 1.17 THB, while our model-based Fair Value estimate is 3.23 THB, implying the stock looks roughly 176.1% undervalued today. The Quality Score stands at 70/100 (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: high), always confirm before acting.

Over the trailing twelve months, Floyd Public Company Limited generated revenue of 719M THB at a net margin of 11.2%. Revenue declined 52.3% year over year. It earns a return on equity of 15.1%. The balance sheet holds a net cash position of 295M THB. Fundamentals as of Aug 19, 2026

Our scenario range runs from 2.19 THB (bear case) to 3.87 THB (bull case); at 1.17 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 2% below its 52-week high and 85% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at 176%, FLOYD 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 1.10 THB 1.27 THB 2.17 THB 76
Growth DCF 1.94 THB 2.95 THB 4.63 THB 72
Gordon GGM 0.6200 THB 1.12 THB 1.54 THB 70
All 26 models by family
DCF Models
FCF DCF 2.00 THB 2.81 THB 4.84 THB 38
Owner Earnings 2.78 THB 4.88 THB 8.66 THB 31
5Y Revenue Exit 2.23 THB 3.68 THB 6.13 THB 39
5Y EBITDA Exit 2.33 THB 3.91 THB 6.38 THB 41
5Y P/E Exit 2.73 THB 4.96 THB 7.79 THB 38
10Y Revenue Exit 2.07 THB 3.52 THB 5.58 THB 36
10Y EBITDA Exit 2.19 THB 3.68 THB 6.32 THB 37
10Y P/E Exit 2.44 THB 4.34 THB 7.53 THB 35
Earnings-Based
Graham-Dodd 1.11 THB 7.24 THB 10.14 THB 54
Lynch FV 2.11 THB 3.01 THB 3.92 THB 50
PEG = 1.0 2.11 THB 3.01 THB 3.92 THB 46
EPV 1.81 THB 1.96 THB 2.09 THB 59
Dividend Discount
Gordon GGM 0.6200 THB 1.12 THB 1.54 THB 70
DDM Multi-Stage 0.6200 THB 1.02 THB 1.20 THB 61
Multiples
P/E Multiple 2.56 THB 3.41 THB 4.27 THB 63
P/S Multiple 2.07 THB 2.76 THB 3.45 THB 58
P/B Multiple 2.07 THB 2.76 THB 3.45 THB 55
EV/EBIT 2.97 THB 3.74 THB 4.51 THB 53
EV/EBITDA 2.59 THB 3.23 THB 3.87 THB 54
EV/Revenue 2.31 THB 3.02 THB 3.72 THB 43
Asset-Based
NCAV (Graham) 0.6100 THB 0.8100 THB 1.21 THB 50
Growth DCF
Growth DCF 1.94 THB 2.95 THB 4.63 THB 72
Rev-Margin DCF 2.23 THB 3.72 THB 5.90 THB 67
Economic Profit
Residual Income 1.10 THB 1.27 THB 2.17 THB 76
ROIC Compounder 2.01 THB 2.47 THB 3.06 THB 67
Growth Earnings
Growth-Adj P/E 2.96 THB 4.22 THB 5.49 THB 68

Widest divergence: Growth Earnings (4.22 THB) versus Asset-Based (0.8100 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 6.5
P/S ratio 0.58 P/E × margin
EPS (TTM) 0.1800 THB price ÷ EPS = P/E 6.5
Dividend yield 9.2% payout 59.6%
Net margin 9.0% FY2025
Return on equity 15.1% TTM
More key figures
Profitability
Return on assets (EBIT) 6.4% avg 5y
Operating margin 21.3% TTM
Growth
Revenue (TTM) 719M THB TTM
Revenue growth (YoY) -52.3% 3y avg +37.5%
EPS growth (YoY) +134%
Balance sheet & cash flow
Free cash flow 48.1M THB FY2025
Net cash 295M THB FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 70 · Market factors (momentum, volatility) 75

Profitability 59
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 63
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Floyd Public Company Limited engages in the installation of utility and fire suppression systems in Thailand. The company offers mechanical systems, including air conditioning and ventilation (HVAC), fire protection and extinguishing, and temperature and humidity control system; electrical and communication systems, such as high and low voltage …

Full company description

Floyd Public Company Limited engages in the installation of utility and fire suppression systems in Thailand. The company offers mechanical systems, including air conditioning and ventilation (HVAC), fire protection and extinguishing, and temperature and humidity control system; electrical and communication systems, such as high and low voltage distribution, uninterruptible power, telecommunication and network, and automatic and security control; and sanitation and piping systems, comprising water supply and use sewage and effluent systems, rainwater drainage system, and industrial gas and piping systems. It also provides Mechanical System, such as precise temperature and humidity control air conditioning, specialized air conditioning for computer room and data center, precision cooling water cooling, hot and cold air direction management, clean agent fire suppression, ventilation and airflow control, multi-route backup power, uninterruptible power supply, backup generator, power distribution equipment to server cabinets, energy monitoring and management, combined room for signal lines and main network distribution points, chilled water pipes for refrigeration, condensate drainage system and refrigeration, water system for filling the cooling, water leak detection to prevent damage to equipment, and effluent and wastewater management systems from the operation of the system. Floyd Public Company Limited was incorporated in 1988 and is headquartered in Nonthaburi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Floyd Public Company Limited reported revenue of 806M THB in FY2025 versus 377M THB in FY2021, a compound +20.9%/yr. Reported net income was 72.3M THB in FY2025, compounding +91.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
806M THB
Latest YoY
+28.4%
Avg. revenue 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.
+37.5%
Avg. revenue 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.
+26.8%
Avg. revenue 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.
+2.9%
Value creation/yr (5Y, in THB) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+55.1% (45.8 + 9.3)
Revenue +20.9%/yr
FY21 377M THB
FY22 310M THB
FY23 399M THB
FY24 628M THB
FY25 806M THB
Net income +91.6%/yr
FY21 5.4M THB
FY22 24.1M THB
FY23 20.9M THB
FY24 46.6M THB
FY25 72.3M THB
Character of growth · EPS growth decomposed (2014-2025) −5.9 % p.a.
Revenue per share +1.6 pp

of which total revenue +2.8 pp · buybacks/dilution −1.2 pp

EBIT margin −12.1 pp
Tax rate +0.2 pp
Residual (interest, one-offs) +4.4 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). "Floyd Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/FLOYD

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.

Quality Score 70 · Top 25%
Fair Value upside +176% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth -52% · Bottom 25%
Dividend yield (TTM) 8.5% · Top 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 6.5× · Cheaper than 75% of peers
P/B 0.90× · Cheaper than median
P/S (TTM) 0.67× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 1.9× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 16
FUTURE0 · sector 13
PAST61 · sector 26
HEALTH0 · sector 94
DIVIDEND100 · sector 39

Insider activity: 30/100

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

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Ferrovial N.V FER €57.28 €19.17 -67%
HOCHTIEF Aktiengesellschaft HOT €426.40 €203.87 -52%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
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Frequently asked questions

Is Floyd Public Company Limited (FLOYD) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 3.23 THB versus a price of 1.17 THB, about +176% (undervalued).
What is the fair value of FLOYD?
Our model-based fair value for Floyd Public Company Limited is 3.23 THB (as of Aug 19, 2026), built from audited fundamentals. The current price: 1.17 THB.
What is the quality score of FLOYD?
Floyd Public Company Limited has a Quality Score of 70/100. 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 Floyd Public Company Limited (FLOYD)?
Floyd Public Company Limited reported trailing-twelve-month revenue of about 719M THB (latest available figure, as of Aug 19, 2026).
What is the net profit margin of FLOYD?
The net profit margin of Floyd Public Company Limited is about 11.2%, meaning it keeps roughly 11.2% of revenue as net income. Based on the latest reported figures.
Does Floyd Public Company Limited pay a dividend?
Floyd Public Company Limited currently shows a dividend yield of about 9.26% relative to its recent price (as of Aug 19, 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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