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General Environmental Conservation Public Company (GENCO) Fair Value & Analysis

Industrials · TH · Market cap 366M THB

GE General Environmental Conservation Public Company GENCO · BK
Price0.3400 THB
Fair Value0.6600 THB
Upside+94.1%
Quality64/100
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Mixed Growth
Solidly profitable · 14.9% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Narrow moat 44/100
Evidence: High Range 0.5000 THB – 0.8300 THB Share as image

Fair value as of: Jul 12, 2026

From 22 valuation models · updated 28 days ago

Share price +3.0% over the past month.

A solid business, screening 94% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.5000 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

1.20 THB 0.2300 THB Fair Value 0.6600 THB Feb 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 0.2300 THB – 1.20 THB · fair‑value band 0.5000 THB – 0.8300 THB · the 0.3400 THB price screens below the 0.6600 THB fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

General Environmental Conservation Public Company (GENCO) currently trades at 0.3400 THB, while our model-based Fair Value estimate is 0.6600 THB, implying the stock looks roughly 94.1% undervalued today. The Quality Score stands at 64/100 (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, General Environmental Conservation Public Company generated revenue of 314M THB at a net margin of 15.2%. Revenue grew 30.0% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of 166M THB. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.5000 THB (bear case) to 0.8300 THB (bull case); at 0.3400 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 11% below its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -40% fair-value upside, at 94%, GENCO 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 0.5800 THB 0.7000 THB 0.8800 THB 80
Residual Income 0.6900 THB 0.6600 THB 0.5300 THB 76
Rev-Margin DCF 0.4100 THB 0.4700 THB 0.5600 THB 74
All 22 models by family
DCF Models
FCF DCF 0.5700 THB 0.6900 THB 0.9000 THB 38
Owner Earnings 0.4800 THB 0.5800 THB 0.7400 THB 31
5Y Revenue Exit 0.4100 THB 0.4600 THB 0.5400 THB 39
5Y EBITDA Exit 0.6000 THB 0.8000 THB 1.06 THB 41
5Y P/E Exit 0.6400 THB 0.8700 THB 1.14 THB 38
10Y Revenue Exit 0.4800 THB 0.5200 THB 0.5600 THB 36
10Y EBITDA Exit 0.5800 THB 0.7100 THB 0.8400 THB 37
10Y P/E Exit 0.6100 THB 0.7500 THB 0.8900 THB 35
Earnings-Based
Graham-Dodd 0.2700 THB 0.3300 THB 0.3700 THB 54
EPV 0.2500 THB 0.2600 THB 0.2700 THB 59
Multiples
P/E Multiple 0.6200 THB 0.8200 THB 1.03 THB 63
P/S Multiple 0.4000 THB 0.5300 THB 0.6600 THB 58
P/B Multiple 0.5000 THB 0.6600 THB 0.8300 THB 55
EV/EBIT 0.3400 THB 0.3900 THB 0.4500 THB 53
EV/EBITDA 0.7000 THB 0.8700 THB 1.05 THB 54
EV/Revenue 0.2900 THB 0.3400 THB 0.3900 THB 43
Asset-Based
NCAV (Graham) 0.5000 THB 0.6700 THB 1.00 THB 50
Growth DCF
Growth DCF 0.5800 THB 0.7000 THB 0.8800 THB 80
Rev-Margin DCF 0.4100 THB 0.4700 THB 0.5600 THB 74
Economic Profit
Residual Income 0.6900 THB 0.6600 THB 0.5300 THB 76
ROIC Compounder 0.2500 THB 0.2600 THB 0.2700 THB 72
Growth Earnings
Growth-Adj P/E 0.4300 THB 0.6200 THB 0.8100 THB 68

Widest divergence: DCF Models (0.6900 THB) versus Earnings-Based (0.2600 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 319M THB
Revenue growth (YoY) +39.3%
Net margin 14.9%
Return on equity 4.3%
Free cash flow 54.7M THB FY2025
P/E ratio 8.3
More key figures
Operating margin 11.1%
EPS (TTM) 0.0400 THB
EPS growth (YoY) +74.2%
Net cash 166M THB FY2025

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 64

Profitability 29
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 84
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

General Environmental Conservation Public Company Limited, together with its subsidiaries, engages in the treatment of industrial waste and unavoidable by-products of manufacturing processes in Thailand. The company operates through Treatment of Industrial Waste Business; Property Development Business; and Other Business segments.

Full company description

General Environmental Conservation Public Company Limited, together with its subsidiaries, engages in the treatment of industrial waste and unavoidable by-products of manufacturing processes in Thailand. The company operates through Treatment of Industrial Waste Business; Property Development Business; and Other Business segments. It offers services for collecting, storing, and transporting industrial waste, including laboratory analysis, wastewater treatment, stabilization, secured and sanitary landfill, fuel blending, and transportation systems; and solid recovered SRF. The company also develops real estate properties; and buys and sells land. General Environmental Conservation Public Company Limited was founded in 1994 and is headquartered in Nonthaburi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

General Environmental Conservation Public Company reported revenue of 294M THB in FY2025 versus 210M THB in FY2021, a compound +8.7%/yr. Reported net income was 43.4M THB in FY2025, compounding +65.6%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
294M THB
Latest YoY
−9.5%
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.
+5.1%
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.
+2.7%
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.
−3.0%
Revenue +8.7%/yr
FY21 210M THB
FY22 253M THB
FY23 254M THB
FY24 324M THB
FY25 294M THB
Net income +65.6%/yr
FY21 5.8M THB
FY22 −23.3M THB
FY23 −88.4M THB
FY24 −125M THB
FY25 43.4M THB

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Cite: Fair Value Calculator (2026). "General Environmental Conservation Public Company Fair Value". https://www.fairvalue-calculator.com/stock/GENCO

Peer Group

Waste Management · 166 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 64 · Top 25%
Fair Value upside +94% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth 39% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 8.3× · Cheaper than 75% of peers
P/B 0.33× · Cheaper than 75% of peers
P/S (TTM) 1.15× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 2.8× · 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 8
FUTURE 100 · sector 22
PAST 17 · sector 25
HEALTH 99 · sector 81
DIVIDEND 0 · sector 30

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 Waste Management stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥16.18 ¥20.91 +29%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

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Frequently asked questions

Is General Environmental Conservation Public Company (GENCO) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.6600 THB versus a price of 0.3400 THB, about +94% (undervalued).
What is the fair value of GENCO?
Our model-based fair value for General Environmental Conservation Public Company is 0.6600 THB (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.3400 THB.
What is the quality score of GENCO?
General Environmental Conservation Public Company has a Quality Score of 64/100. 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 General Environmental Conservation Public Company (GENCO)?
General Environmental Conservation Public Company reported trailing-twelve-month revenue of about 314M THB (latest available figure, as of Jul 12, 2026).
What is the net profit margin of GENCO?
The net profit margin of General Environmental Conservation Public Company is about 15.2%, meaning it keeps roughly 15.2% of revenue as net income. Based on the latest reported figures.

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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