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JD Food Public Company (JDF) Fair Value & Analysis

Consumer Defensive · TH · Market cap 1.2B THB

JF JD Food Public Company JDF · BK
Price2.18 THB
Fair Value2.65 THB
Upside+21.6%
Quality70/100
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Healthy Growth
Solidly profitable · 13.4% net margin
Low debt · generates free cash flow
8.74% dividend yield
Ranks above peers (12/14)
Moderate moat 61/100
Evidence: High Range 1.90 THB – 3.27 THB Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 2.79 THB to 2.65 THB (−5.0%) since Jun 24, 2026. Share price +10.1% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • Our model range runs from 1.90 THB (bear) to 3.27 THB (bull), base 2.65 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (4 years)

4.70 THB 1.26 THB Fair Value 2.65 THB Apr 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

52‑month range 1.26 THB – 4.70 THB · fair‑value band 1.90 THB – 3.27 THB · the 2.18 THB price screens below the 2.65 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

JD Food Public Company (JDF) currently trades at 2.18 THB, while our model-based Fair Value estimate is 2.65 THB, implying the stock looks roughly 21.6% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Consumer Defensive 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, JD Food Public Company generated revenue of 782M THB at a net margin of 13.4%. Revenue grew 28.8% year over year. It earns a return on equity of 14.1%. The balance sheet holds a net cash position of 77.0M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 1.90 THB (bear case) to 3.27 THB (bull case); at 2.18 THB, the current price sits within 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 near its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 22%, JDF 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 1.69 THB 2.21 THB 2.82 THB 80
Residual Income 1.12 THB 1.24 THB 1.62 THB 76
Rev-Margin DCF 1.46 THB 2.10 THB 2.81 THB 74
All 25 models by family
DCF Models
FCF DCF 1.67 THB 2.24 THB 2.96 THB 38
Owner Earnings 1.97 THB 2.65 THB 3.51 THB 31
5Y Revenue Exit 1.46 THB 2.08 THB 2.84 THB 39
5Y EBITDA Exit 1.95 THB 2.97 THB 4.11 THB 41
5Y P/E Exit 1.92 THB 2.91 THB 3.90 THB 38
10Y Revenue Exit 1.50 THB 2.04 THB 2.71 THB 36
10Y EBITDA Exit 1.82 THB 2.59 THB 3.56 THB 37
10Y P/E Exit 1.80 THB 2.56 THB 3.42 THB 35
Earnings-Based
Graham-Dodd 0.9800 THB 2.46 THB 3.20 THB 54
PEG = 1.0 0.4500 THB 0.6500 THB 0.8400 THB 46
EPV 1.17 THB 1.32 THB 1.44 THB 59
Dividend Discount
Gordon GGM 0.6200 THB 1.04 THB 1.49 THB 70
DDM Multi-Stage 0.6200 THB 0.8900 THB 1.14 THB 61
Multiples
P/E Multiple 2.27 THB 3.03 THB 3.79 THB 63
P/S Multiple 1.47 THB 1.96 THB 2.44 THB 58
P/B Multiple 1.84 THB 2.45 THB 3.07 THB 55
EV/EBIT 2.00 THB 2.63 THB 3.25 THB 53
EV/EBITDA 2.45 THB 3.23 THB 4.01 THB 54
EV/Revenue 1.39 THB 1.94 THB 2.49 THB 43
Asset-Based
NCAV (Graham) 0.6600 THB 0.8800 THB 1.32 THB 50
Growth DCF
Growth DCF 1.69 THB 2.21 THB 2.82 THB 80
Rev-Margin DCF 1.46 THB 2.10 THB 2.81 THB 74
Economic Profit
Residual Income 1.12 THB 1.24 THB 1.62 THB 76
ROIC Compounder 1.17 THB 1.32 THB 1.51 THB 72
Growth Earnings
Growth-Adj P/E 1.75 THB 2.50 THB 3.26 THB 68

Widest divergence: DCF Models (2.56 THB) versus Asset-Based (0.8800 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 782M THB
Revenue growth (YoY) +28.8%
Net margin 13.4%
Return on equity 14.1%
Free cash flow 104M THB FY2025
P/E ratio 11.6
More key figures
Operating margin 19.7%
EPS (TTM) 0.1700 THB
Dividend yield 9.1%
EPS growth (YoY) +106%
Net cash 77.0M THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 83

Profitability 52
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 88
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 71
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

JD Food Public Company Limited produces and distributes food seasonings, sauces, fillings, and dehydrated food products in Thailand, China, South Korea, the United Kingdom, and internationally.

Full company description

JD Food Public Company Limited produces and distributes food seasonings, sauces, fillings, and dehydrated food products in Thailand, China, South Korea, the United Kingdom, and internationally. The company offers seasonings for savory and sweet food products and instant soup powders, as well as Thai, western, and Asian style and other products; and coconut chips and dehydrated vegetables, meat, herbs, and spices. It provides instant soup and flavors under the GOOD EATS brand; Thai food under the Kin dee brand; coconut chips, bites, and clusters under the Crispconut brand; and seasonings, fillings, and mayonnaise under the OK brand. The company serves entrepreneurs, SMEs, and large food industries. The company was incorporated in 1999 and is headquartered in Samut Sakhon, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JD Food Public Company reported revenue of 733M THB in FY2025 versus 577M THB in FY2021, a compound +6.2%/yr. Reported net income was 86.6M THB in FY2025, compounding +17.5%/yr from FY2021.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
733M THB
Latest YoY
+11.2%
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.
+8.6%
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.
+4.7%
Avg. growth/yr (8Y) 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.
+4.1%
Revenue +6.2%/yr
FY21 577M THB
FY22 573M THB
FY23 631M THB
FY24 660M THB
FY25 733M THB
Net income +17.5%/yr
FY21 45.4M THB
FY22 11.9M THB
FY23 42.3M THB
FY24 79.7M THB
FY25 86.6M THB

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Cite: Fair Value Calculator (2026). "JD Food Public Company Fair Value". https://www.fairvalue-calculator.com/stock/JDF

Peer Group

Packaged Foods · 649 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 +22% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 28% · Top 25%
Dividend yield (TTM) 8.7% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than 75% of peers
P/B 1.55× · Pricier than median
P/S (TTM) 1.57× · Pricier than median
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 7.0× · 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 62 · sector 28
FUTURE 100 · sector 20
PAST 56 · sector 27
HEALTH 99 · sector 96
DIVIDEND 100 · sector 47

Insider activity: 45/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is JD Food Public Company (JDF) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 2.65 THB versus a price of 2.18 THB, about +22% (undervalued).
What is the fair value of JDF?
Our model-based fair value for JD Food Public Company is 2.65 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 2.18 THB.
What is the quality score of JDF?
JD Food Public Company 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 JD Food Public Company (JDF)?
JD Food Public Company reported trailing-twelve-month revenue of about 782M THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of JDF?
The net profit margin of JD Food Public Company is about 13.4%, meaning it keeps roughly 13.4% of revenue as net income. Based on the latest reported figures.
Does JD Food Public Company pay a dividend?
JD Food Public Company currently shows a dividend yield of about 9.09% relative to its recent price (as of Jul 16, 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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