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Kingsmen C.M.T.I. Public Company (K) Fair Value & Analysis

Industrials · TH · Market cap 495M THB

KC Kingsmen C.M.T.I. Public Company K · BK
Price0.9500 THB
Fair Value0.2465 THB
Upside-74.1%
Quality44/100
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Healthy Growth
Loss-making · -0.2% net margin
Low debt · generates free cash flow
8.16% dividend yield
Trails peers (4/11)
Narrow moat 28/100
Evidence: High Range 0.1870 THB – 0.2720 THB Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Share price −1.0% over the past month.

Below-average quality, and screening another 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.2720 THB). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

2.30 THB 0.6513 THB Fair Value 0.2465 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 0.6513 THB – 2.30 THB · fair‑value band 0.1870 THB – 0.2720 THB · the 0.9500 THB price screens above the 0.2465 THB fair value. Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

Kingsmen C.M.T.I. Public Company (K) currently trades at 0.9500 THB, while our model-based Fair Value estimate is 0.2465 THB, implying the stock looks roughly 74.1% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Kingsmen C.M.T.I. Public Company generated revenue of 861M THB at a net margin of -0.2%. Revenue declined 11.0% year over year. It earns a return on equity of -0.4%. The balance sheet holds a net cash position of 30.0M THB. Fundamentals as of Jul 20, 2026

Our scenario range runs from 0.1870 THB (bear case) to 0.2720 THB (bull case); at 0.9500 THB, the current price sits above 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 28% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -74%, K screens richer 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 0.8600 THB 1.02 THB 1.26 THB 80
Residual Income 0.4500 THB 0.4200 THB 0.2900 THB 76
Rev-Margin DCF 0.7900 THB 1.03 THB 1.32 THB 74
All 24 models by family
DCF Models
FCF DCF 0.8400 THB 1.02 THB 1.28 THB 38
Owner Earnings 0.4600 THB 0.5300 THB 0.6200 THB 31
5Y Revenue Exit 0.7900 THB 1.02 THB 1.33 THB 39
5Y EBITDA Exit 0.9200 THB 1.25 THB 1.64 THB 41
5Y P/E Exit 0.5600 THB 0.6300 THB 0.7000 THB 38
10Y Revenue Exit 0.8000 THB 0.9900 THB 1.21 THB 36
10Y EBITDA Exit 0.8800 THB 1.13 THB 1.40 THB 37
10Y P/E Exit 0.6800 THB 0.7500 THB 0.8200 THB 35
Earnings-Based
Graham-Dodd 0.0600 THB 0.1100 THB 0.1400 THB 54
EPV 0.4800 THB 0.5200 THB 0.5400 THB 59
Dividend Discount
Gordon GGM 0.1900 THB 0.2500 THB 0.3000 THB 70
DDM Multi-Stage 0.1900 THB 0.2500 THB 0.3200 THB 61
Multiples
P/E Multiple 0.1400 THB 0.1800 THB 0.2300 THB 63
P/S Multiple 0.1100 THB 0.1500 THB 0.1800 THB 58
P/B Multiple 0.1100 THB 0.1500 THB 0.1800 THB 55
EV/EBIT 1.02 THB 1.28 THB 1.54 THB 53
EV/EBITDA 1.10 THB 1.38 THB 1.67 THB 54
EV/Revenue 0.8000 THB 1.03 THB 1.27 THB 43
Asset-Based
NCAV (Graham) 0.3400 THB 0.4600 THB 0.6900 THB 50
Growth DCF
Growth DCF 0.8600 THB 1.02 THB 1.26 THB 80
Rev-Margin DCF 0.7900 THB 1.03 THB 1.32 THB 74
Economic Profit
Residual Income 0.4500 THB 0.4200 THB 0.2900 THB 76
ROIC Compounder 0.4800 THB 0.5200 THB 0.5400 THB 72
Growth Earnings
Growth-Adj P/E 0.1000 THB 0.1400 THB 0.1800 THB 68

Widest divergence: Growth DCF (1.02 THB) versus Earnings-Based (0.1100 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 861M THB
Revenue growth (YoY) -11.0%
Net margin -0.2%
Return on equity -0.4%
Free cash flow 35.9M THB FY2025
Operating margin 4.7%
More key figures
Dividend yield 8.2%
EPS growth (YoY) -51.0%
Net cash 30.0M THB FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 47 · Market factors (momentum, volatility) 43

Profitability 35
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 0
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

Kingsmen C.M.T.I. Public Company Limited, together with its subsidiaries, engages in the interior design, exhibition, and events businesses in Thailand. The company operates through Interior Design & Decoration Business, and Exhibition Business Alternative Marketing and Others segments.

Full company description

Kingsmen C.M.T.I. Public Company Limited, together with its subsidiaries, engages in the interior design, exhibition, and events businesses in Thailand. The company operates through Interior Design & Decoration Business, and Exhibition Business Alternative Marketing and Others segments. It offers retail and corporate interior services, such as retail interiors, roll-outs, retail fixtures, corporate interiors, and restaurants; and exhibitions and event services, including custom-designed stands, official shows, and events, pavilions, suites and chalets, and rental services. The company also provides thematic and museums comprising theme parks and attractions, galleries and visitor centers, and museums; and event management services. In addition, it is involved in the provision of equipment rental services. Kingsmen C.M.T.I. Public Company Limited was founded in 1989 and is headquartered in Pathum Thani, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kingsmen C.M.T.I. Public Company reported revenue of 887M THB in FY2025 versus 784M THB in FY2021, a compound +3.1%/yr. Reported net income was 4.4M THB in FY2025.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
887M THB
Latest YoY
+3.7%
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.
+1.5%
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.
+7.2%
Avg. 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.
+0.3%
Revenue +3.1%/yr
FY21 784M THB
FY22 848M THB
FY23 725M THB
FY24 855M THB
FY25 887M THB
Net income
FY21 −42.8M THB
FY22 2.0M THB
FY23 13.9M THB
FY24 50.6M THB
FY25 4.4M THB
Character of growth · EPS growth decomposed (2014-2025) −15.5 % p.a.
Revenue per share −10.7 pp

of which total revenue −2.0 pp · buybacks/dilution −8.8 pp

EBIT margin −1.9 pp
Tax rate −3.3 pp
Residual (interest, one-offs) +0.5 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).

K screens 74% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Kingsmen C.M.T.I. Public Company Fair Value". https://www.fairvalue-calculator.com/stock/K

Peer Group

Specialty Business Services · 253 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 44 · Bottom 25%
Fair Value upside −74% · Bottom 25%
Return on assets 2% · Below median
Net margin (TTM) -0% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 8.2% · Top 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.4× · 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 0 · sector 24
FUTURE 0 · sector 27
PAST 0 · sector 33
HEALTH 94 · sector 92
DIVIDEND 100 · sector 54

VALUE 0: the price sits above our fair-value range.

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Kingsmen C.M.T.I. Public Company (K) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 0.2465 THB versus a price of 0.9500 THB, about −74% (overvalued).
What is the fair value of K?
Our model-based fair value for Kingsmen C.M.T.I. Public Company is 0.2465 THB (as of Jul 20, 2026), built from audited fundamentals. The current price is 0.9500 THB.
What is the quality score of K?
Kingsmen C.M.T.I. Public Company has a Quality Score of 44/100. 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 Kingsmen C.M.T.I. Public Company (K)?
Kingsmen C.M.T.I. Public Company reported trailing-twelve-month revenue of about 861M THB (latest available figure, as of Jul 20, 2026).
What is the net profit margin of K?
The net profit margin of Kingsmen C.M.T.I. Public Company is about -0.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Kingsmen C.M.T.I. Public Company pay a dividend?
Kingsmen C.M.T.I. Public Company currently shows a dividend yield of about 8.16% relative to its recent price (as of Jul 20, 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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