Thai Ha Public Company Limited (KASET) Fair Value & Analysis
Consumer Defensive · TH · Market cap 206M THB (≈ $6.2M) · ISIN TH0879010005
What is Thai Ha Public Company Limited really worth?
Below-average quality, and trading another 47% above our fair value of 0.4300 THB.
Risks
Fair value as of: Aug 20, 2026
From 1 valuation models · updated 12 days ago
Share price −7.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (0.3200 THB to 0.6500 THB) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.
How to read this chart
60‑month range 0.4600 THB – 2.56 THB · fair‑value band 0.3200 THB – 0.6500 THB · the 0.6300 THB price screens above the 0.4300 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.
Analysis
Thai Ha Public Company Limited (KASET) currently trades at 0.6300 THB, while our model-based Fair Value estimate is 0.4300 THB, implying the stock looks roughly 46.5% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Consumer Defensive sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Over the trailing twelve months, Thai Ha Public Company Limited generated revenue of 305M THB at a net margin of −22.4%. Revenue declined 17.9% year over year. It earns a return on equity of −27.6%. Net debt stands at 313M THB. Fundamentals as of Aug 20, 2026
Our scenario range runs from 0.3200 THB (bear case) to 0.6500 THB (bull case); at 0.6300 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 about 41% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −25% fair-value upside, at −32%, KASET screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 29 · Market factors (momentum, volatility) 41
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Thai Ha Public Company Limited manufactures and distributes agricultural, processed agricultural, and instant products in Thailand and internationally.
Full company description
Thai Ha Public Company Limited manufactures and distributes agricultural, processed agricultural, and instant products in Thailand and internationally. The company offers rice products under the Kaset, Smart Chef, Imperial Taste, and First Lady brands; bean vermicelli, instant bean vermicelli, vegetable oil, and vinegar products under the Kaset and Smart Chef brands; instant rice porridge and ready to eat products under the Kaset brand; coffee under the Doitham brand; and coco rice roll snacks under the COCO Riz brand. It also provides vegetable oil under the Angoon and Cheer brands; sugar under the Mit Phot brand; coconut milk under the Chao Koh brand; and chili plate under the Chua Hah Seng brand. In addition, the company offers organic products, including jasmine and brown rice, rice berry, and green beans. It exports its products. The company was founded in 1993 and is headquartered in Nakhon Pathom, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Thai Ha Public Company Limited reported revenue of 302M THB in FY2025 versus 536M THB in FY2021, a compound −13.3%/yr. Reported net income was −68.1M THB in FY2025.
KASET screens 47% overvalued. Compare with Nestlé S.A →
Peer Group
Packaged Foods · 670 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.
Valuation Multiples vs Packaged Foods median · lower = cheaper
Strength profile in five axes (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: the price sits above our fair-value range.
Insider activity: 35/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nestlé S.A NESN | CHF 78.62 | CHF 57.26 | −27% |
| Danone S.A BN | €64.28 | €48.41 | −25% |
| Nestlé India Limited NESTLEIND | ₹1,478 | ₹251.94 | −83% |
| The Kraft Heinz Company KHC | $25.13 | $24.59 | −2% |
| Foshan Haitian Flavouring and Food Company 603288 | ¥35.05 | ¥21.93 | −37% |
| Inner Mongolia Yili Industrial Group 600887 | ¥25.51 | ¥32.50 | +27% |
| Yihai Kerry Arawana Holdings 300999 | ¥25.28 | ¥9.89 | −61% |
| General Mills, Inc GIS | $40.44 | $28.32 | −30% |
| Wilmar International Limited F34 | 3.64 SGD | 3.89 SGD | +7% |
| McCormick & Company MKCV | $55.65 | $43.29 | −22% |
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