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Inoue Rubber (Thailand) Public Company (IRC) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 2.3B THB

IR Inoue Rubber (Thailand) Public Company IRC · BK
Price11.70 THB
Fair Value21.09 THB
Upside+80.3%
Quality95/100
Evidence: High Range 15.82 THB – 26.36 THB

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Share price −1.7% over the past month.

Price vs Fair Value (12 months)

12.00 THB 10.10 THB Fair Value 21.09 THB Jun 2025 Jun 2026

12‑month range 10.10 THB – 12.00 THB · fair‑value band 15.82 THB – 26.36 THB · the 11.70 THB price screens below the 21.09 THB fair value. As of Jun 24, 2026.

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Analysis

Inoue Rubber (Thailand) Public Company (IRC) currently trades at 11.70 THB, while our model-based Fair Value estimate is 21.09 THB — implying the stock looks roughly 80.3% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical 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, Inoue Rubber (Thailand) Public Company generated revenue of 4.5B THB at a net margin of 5.3%. Revenue declined 8.9% year over year. It earns a return on equity of 5.9%. The balance sheet holds a net cash position of 822M THB. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 4.5B THB
Revenue growth (YoY) -8.9%
Net margin 5.3%
Return on equity 5.9%
Free cash flow 278M THB FY2025
P/E ratio 9.4
More key figures
Operating margin 7.4%
EPS (TTM) 1.26 THB
Dividend yield 4.2%
EPS growth (YoY) +63.7%
Net cash 822M THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Inoue Rubber (Thailand) Public Company Limited engages in the research, development, manufacture, and distribution of motorcycle tires and tubes in Thailand and internationally. The company offers industrial elastomer rubber parts for automobile, motorcycle, machinery for agriculture and fishery, infrastructure project, construction, and other industries. It also offers automotive elastomer products; rubber parts for the automotive industry such as air hoses, window and door seals, engine mountings, fuel tank floats, rubber gaskets, trunk seals, fuel hoses, as well as cabin seals for noise and dust prevention, among others. In addition, the company manufactures, repairs, and modifies metal molds and equipment for production of motorcycle tires, tubes, and automotive rubber parts. Further, it offers rubber parts used in infrastructure and local development systems, agricultural machinery, construction equipment, refrigeration systems, electrical appliances, building materials, plumbi…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Inoue Rubber (Thailand) Public Company reported revenue of 4.6B THB in FY2025 versus 5.3B THB in FY2021, a compound −3.4%/yr. Reported net income was 184M THB in FY2025, compounding −14.2%/yr from FY2021.

Revenue −3.4%/yr
FY21 5.3B THB
FY22 5.9B THB
FY23 5.4B THB
FY24 4.6B THB
FY25 4.6B THB
Net income −14.2%/yr
FY21 340M THB
FY22 110M THB
FY23 160M THB
FY24 312M THB
FY25 184M THB

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Frequently asked questions

Is Inoue Rubber (Thailand) Public Company (IRC) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 21.09 THB versus a price of 11.70 THB — about +80% (undervalued). Model-based estimate, not financial advice.
What is the fair value of IRC?
Our 21-model fair value for Inoue Rubber (Thailand) Public Company is 21.09 THB (as of Jun 24, 2026), built from audited fundamentals. The current price is 11.70 THB.
What is the quality score of IRC?
Inoue Rubber (Thailand) Public Company has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Inoue Rubber (Thailand) Public Company (IRC)?
Inoue Rubber (Thailand) Public Company reported trailing-twelve-month revenue of about 4.5B THB (latest available figure, as of Jun 24, 2026).
What is the net profit margin of IRC?
The net profit margin of Inoue Rubber (Thailand) Public Company is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does Inoue Rubber (Thailand) Public Company pay a dividend?
Inoue Rubber (Thailand) Public Company currently shows a dividend yield of about 4.18% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.