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International Network System Public Company (ITNS) Fair Value & Analysis

Technology · TH · Market cap 364M THB

IN International Network System Public Company ITNS · BK
Price1.85 THB
Fair Value2.76 THB
Upside+49.2%
Quality49/100
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Expensive Growth
Thin margins · 6.3% net margin
negative free cash flow
9.71% dividend yield
Ranks above peers (9/12)
Narrow moat 35/100
Evidence: High Range 1.86 THB – 4.25 THB Share as image

Fair value as of: Jul 10, 2026

From 17 valuation models · updated 31 days ago

Share price +2.8% over the past month.

Below-average quality, screening 49% undervalued on our models.

What matters now

  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (1.86 THB to 4.25 THB) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

3.81 THB 1.04 THB Fair Value 2.76 THB Oct 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 10, 2026.

How to read this chart

46‑month range 1.04 THB – 3.81 THB · fair‑value band 1.86 THB – 4.25 THB · the 1.85 THB price screens below the 2.76 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 10, 2026.

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Analysis

International Network System Public Company (ITNS) currently trades at 1.85 THB, while our model-based Fair Value estimate is 2.76 THB, implying the stock looks roughly 49.2% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Technology 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, International Network System Public Company generated revenue of 583M THB at a net margin of 7.2%. Revenue declined 19.6% year over year. It earns a return on equity of 9.1%. The balance sheet holds a net cash position of 39.2M THB. Fundamentals as of Jul 10, 2026

Our scenario range runs from 1.86 THB (bear case) to 4.25 THB (bull case); at 1.85 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 8% below its 52-week high and 63% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -1% fair-value upside, at 49%, ITNS 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 1.93 THB 2.07 THB 2.26 THB 76
Gordon GGM 1.26 THB 2.28 THB 3.14 THB 70
Growth-Adj P/E 3.00 THB 4.29 THB 5.57 THB 68
All 17 models by family
DCF Models
Owner Earnings 2.96 THB 4.96 THB 8.17 THB 31
Earnings-Based
Graham-Dodd 1.45 THB 7.51 THB 10.39 THB 54
Lynch FV 2.06 THB 2.94 THB 3.82 THB 50
PEG = 1.0 2.06 THB 2.94 THB 3.82 THB 46
EPV 1.65 THB 1.84 THB 1.99 THB 59
Dividend Discount
Gordon GGM 1.26 THB 2.28 THB 3.14 THB 70
DDM Multi-Stage 1.26 THB 2.08 THB 2.43 THB 61
Multiples
P/E Multiple 3.19 THB 4.26 THB 5.32 THB 63
P/S Multiple 2.71 THB 3.62 THB 4.52 THB 58
P/B Multiple 2.71 THB 3.62 THB 4.52 THB 55
EV/EBIT 3.23 THB 4.21 THB 5.18 THB 53
EV/EBITDA 2.71 THB 3.51 THB 4.31 THB 54
EV/Revenue 2.28 THB 3.12 THB 3.97 THB 43
Asset-Based
NCAV (Graham) 1.19 THB 1.59 THB 2.37 THB 50
Economic Profit
Residual Income 1.93 THB 2.07 THB 2.26 THB 76
ROIC Compounder 1.65 THB 1.84 THB 1.99 THB 67
Growth Earnings
Growth-Adj P/E 3.00 THB 4.29 THB 5.57 THB 68

Widest divergence: DCF Models (4.96 THB) versus Asset-Based (1.59 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 654M THB
Revenue growth (YoY) +58.7%
Net margin 6.3%
Return on equity 8.8%
Free cash flow −108M THB FY2025
P/E ratio 9.2
More key figures
Operating margin 3.1%
EPS (TTM) 0.1900 THB
Dividend yield 9.7%
EPS growth (YoY) -10.7%
Net cash 39.2M THB FY2025

Figures from reported company fundamentals · as of Jul 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 72

Profitability 41
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 40
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

International Network System Public Company Limited engages in the design, installation, leasing, sale, repair, and maintenance of equipment used in information technology, communication, electrical system, and solar cell business in Thailand.

Full company description

International Network System Public Company Limited engages in the design, installation, leasing, sale, repair, and maintenance of equipment used in information technology, communication, electrical system, and solar cell business in Thailand. The company offers various solution, such as network infrastructure, cyber security, data center, collaboration, and wireless and mobility solutions. It also provides consulting, project management, system integration, and maintenance services. The company was founded in 2002 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

International Network System Public Company reported revenue of 579M THB in FY2025 versus 369M THB in FY2021, a compound +11.9%/yr. Reported net income was 41.8M THB in FY2025, compounding +6.4%/yr from FY2021.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
579M THB
Latest YoY
+18.4%
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.
+1.8%
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.
+9.1%
Avg. growth/yr (7Y) 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.
+15.0%
Revenue +11.9%/yr
FY21 369M THB
FY22 548M THB
FY23 687M THB
FY24 489M THB
FY25 579M THB
Net income +6.4%/yr
FY21 32.6M THB
FY22 55.3M THB
FY23 62.8M THB
FY24 34.1M THB
FY25 41.8M THB

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Cite: Fair Value Calculator (2026). "International Network System Public Company Fair Value". https://www.fairvalue-calculator.com/stock/ITNS

Peer Group

Information Technology Services · 475 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 49 · Below median
Fair Value upside +49% · Top 25%
Return on equity (TTM) 9% · Below median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 59% · Top 25%
Dividend yield (TTM) 9.7% · Top 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 9.2× · Cheaper than 75% of peers
P/B 0.78× · Cheaper than median
P/S (TTM) 0.56× · Cheaper than median
EV/EBITDA 5.9× · Cheaper 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 99 · sector 21
FUTURE 100 · sector 31
PAST 35 · sector 37
HEALTH 0 · sector 97
DIVIDEND 100 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 10, 2026).

Stock Price Fair Value vs Fair Value
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%
LG CNS Co 064400 71,100 KRW 116,932 KRW +64%

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Frequently asked questions

Is International Network System Public Company (ITNS) overvalued or undervalued?
As of Jul 10, 2026, our model estimates a fair value of 2.76 THB versus a price of 1.85 THB, about +49% (undervalued).
What is the fair value of ITNS?
Our model-based fair value for International Network System Public Company is 2.76 THB (as of Jul 10, 2026), built from audited fundamentals. The current price is 1.85 THB.
What is the quality score of ITNS?
International Network System Public Company has a Quality Score of 49/100. 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 International Network System Public Company (ITNS)?
International Network System Public Company reported trailing-twelve-month revenue of about 583M THB (latest available figure, as of Jul 10, 2026).
What is the net profit margin of ITNS?
The net profit margin of International Network System Public Company is about 7.2%, meaning it keeps roughly 7.2% 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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