Khonburi Sugar Public Company Limited (KBS) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Khonburi Sugar Public Company Limited stock THB 19.20, price THB 6.40, upside +200.0%, quality 48 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range 2.43 THB – 6.60 THB · fair‑value band 12.48 THB – 24.96 THB · the 6.40 THB price screens below the 19.20 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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Khonburi Sugar Public Company Limited engages in the manufacture and distribution of sugar in Thailand, Asia, and Europe. It operates through three segments: Sugar Cane, Sugar and Molasses Trading, and Utilities.
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The Sugar Cane segment produces and distributes sugar cane, as well as provides agricultural machines and vehicles, including sugar cane harvesters and tractors to planters. The Sugar and Molasses Trading segment purchases and sells sugar, molasses, and by products.
It serves ethanol, food, and beverages industries to produce alcohol and spirits, yeast, monosodium glutamate, animal feed, vinegar, soy sauce, and other seasoning sauces. The Utilities segment is involved in the generation of electricity and steam using bagasse as fuel.
It offers pure white and white granulated, raw, natural cane, and double sweet sugar. It also provides knowledge seminars for planters; and engages in agricultural and farming activities. The company was founded in 1965 and is headquartered in Bangkok, Thailand.
Stock analysis
Khonburi Sugar Public Company Limited (KBS) currently trades at 6.40 THB, while our model-based Fair Value estimate is 19.20 THB, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 22.96 THB per share, and 25 of the 26 models we run sit above the 6.40 THB price.
Bear case: the Asset-Based group reads lowest at 5.41 THB, and 1 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 12.48 THB (bear) to 24.96 THB (bull), the price of 6.40 THB sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Khonburi Sugar Public Company Limited reported revenue of 10.9B THB in FY2025 versus 6.2B THB in FY2021, a compound +15.1%/yr. Reported net income was 611M THB in FY2025.
Key figures
Market cap 3.8B THB (≈ $114M) Micro · P/E ratio 13.6 · P/S ratio 0.35 · EPS (TTM) 0.4700 THB · Dividend yield 7.8% · Net margin 2.6% · Return on equity 5.3% · Return on assets (EBIT) 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −41% fair-value upside, at 200%, KBS screens cheaper than that median.
Fair Value models
Bear12.48 THBFair Value 19.20 THBBull24.96 THB
Price 6.40 THB · Upside +200.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+18.9%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 15 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
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What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+35.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.8%
Dividend (yield on the price)7.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.27.8% vs 6.2%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−12% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +1.1% a year for the price.
Compare Khonburi Sugar Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Confectioners · 81 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Above median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)5.3% · Below median
Return on assets5.1% · Top 25%
Net margin (12 months)2.6% · Below median
Operating margin (12 months)5.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)−1.5% · Below median
Dividend yield (12 months)7.8% · Top 25%
Balance sheet
Debt / equity0.31× · Above median
Valuation Multiplesvs Confectioners median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Khonburi Sugar Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/KBS
Frequently asked questions
Is Khonburi Sugar Public Company Limited (KBS) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 19.20 THB versus a price of 6.40 THB, about +200% upside (undervalued).
What is the fair value of KBS?
Our model-based fair value for Khonburi Sugar Public Company Limited is 19.20 THB (as of Oct 4, 2026), built from audited fundamentals. The current price: 6.40 THB.
What is the quality score of KBS?
Khonburi Sugar Public Company Limited has a Quality Score of 48/100. 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 price target for Khonburi Sugar Public Company Limited (KBS)?
Our model-based price target is the fair value of 19.20 THB (as of Oct 4, 2026) from 26 valuation models. Cautious scenario 12.48 THB, optimistic scenario 24.96 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Khonburi Sugar Public Company Limited stock forecast for 2026?
Our models put fair value at 19.20 THB, about +200% upside versus a price of 6.40 THB (undervalued). Cautious scenario 12.48 THB, optimistic scenario 24.96 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Khonburi Sugar Public Company Limited (KBS)?
Khonburi Sugar Public Company Limited reported trailing-twelve-month revenue of about 10.9B THB (latest available figure, as of Oct 4, 2026).
Does Khonburi Sugar Public Company Limited pay a dividend?
Khonburi Sugar Public Company Limited currently shows a dividend yield of 7.81% relative to its recent price (as of Oct 4, 2026).
What growth is priced into Khonburi Sugar Public Company Limited (KBS)?
For today's price to be fair in a discounted-cash-flow model, Khonburi Sugar Public Company Limited would have to grow free cash flow by +2.3 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.9 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of KBS use?
Our models discount Khonburi Sugar Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.26, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Khonburi Sugar Public Company Limited that is +2.3 % per year a year over ten years, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Khonburi Sugar Public Company Limited (KBS) delivered so far?
Over the past 5 years revenue at Khonburi Sugar Public Company Limited grew +18.9 % a year. The price currently implies +2.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Khonburi Sugar Public Company Limited (KBS) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Khonburi Sugar Public Company Limited (+2.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Khonburi Sugar Public Company Limited (KBS)?
The free-cash-flow yield on the price is 19.10 %: that much free cash flow Khonburi Sugar Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Khonburi Sugar Public Company Limited (KBS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Khonburi Sugar Public Company Limited it is 19.20 THB per share (as of Oct 4, 2026), against a price of 6.40 THB. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Khonburi Sugar Public Company Limited stock overvalued or undervalued in 2026?
As of Oct 4, 2026, KBS trades below its calculated fair value: price 6.40 THB, fair value 19.20 THB, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KBS?
No. The price is what the market pays today (6.40 THB); the fair value is what the company's own numbers justify (19.20 THB). For Khonburi Sugar Public Company Limited the two are 12.80 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Khonburi Sugar Public Company Limited worth?
The market values Khonburi Sugar Public Company Limited at about 3.8B THB (market capitalisation, as of Oct 4, 2026). Per share that is 6.40 THB; our models calculate a fair value of 19.20 THB per share.
What do the bullish and bearish scenarios say about KBS?
Our models span a range for Khonburi Sugar Public Company Limited: cautious scenario 12.48 THB, base 19.20 THB, optimistic 24.96 THB per share (as of Oct 4, 2026, price 6.40 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KBS?
Khonburi Sugar Public Company Limited trades at a price-to-earnings ratio of 13.6 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 19.20 THB is built from several models across several years. Other multiples: P/B 0.8, P/S 0.4, EV/EBITDA 4.7.
How solid is the balance sheet of Khonburi Sugar Public Company Limited (KBS)?
Balance-sheet figures for Khonburi Sugar Public Company Limited (as of Oct 4, 2026): return on equity 5.3%, debt of 0.31 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is KBS from its 52-week high?
Khonburi Sugar Public Company Limited trades at 6.40 THB, about 3% below its 52-week high of 6.60 THB and 38% above the low of 4.63 THB (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of 19.20 THB is for.
Which stocks are comparable to Khonburi Sugar Public Company Limited?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Khonburi Sugar Public Company Limited stock attractive at the current price?
The data as of Oct 4, 2026: price 6.40 THB, calculated fair value 19.20 THB (+200%), Quality Score 48/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KBS calculated?
We run Khonburi Sugar Public Company Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 19.20 THB, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Khonburi Sugar Public Company Limited currently trades 67 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Khonburi Sugar Public Company Limited (KBS)?
The closing price on Oct 22, 2026 was 6.40 THB. Our model-based fair value is 19.20 THB, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Khonburi Sugar Public Company Limited right now?
The price is below even our cautious bear case (12.48 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (12.48 THB to 24.96 THB) leaves room in how you read the outcome.
Key figures of Khonburi Sugar Public Company Limited
How large is the market capitalisation of Khonburi Sugar Public Company Limited (KBS)?
The market capitalisation of Khonburi Sugar Public Company Limited is 3.8B THB (≈ $114M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Khonburi Sugar Public Company Limited (KBS)?
The price-to-sales ratio of Khonburi Sugar Public Company Limited is 0.35 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Khonburi Sugar Public Company Limited (KBS)?
Earnings per share at Khonburi Sugar Public Company Limited are 0.4700 THB (price ÷ EPS = P/E 13.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Khonburi Sugar Public Company Limited (KBS)?
The dividend yield of Khonburi Sugar Public Company Limited is 7.8% (payout 106%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Khonburi Sugar Public Company Limited (KBS)?
The net margin of Khonburi Sugar Public Company Limited is 2.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Khonburi Sugar Public Company Limited (KBS)?
The return on equity (ROE) of Khonburi Sugar Public Company Limited is 5.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Khonburi Sugar Public Company Limited (KBS)?
On an EBIT basis the return on assets of Khonburi Sugar Public Company Limited is 8.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Khonburi Sugar Public Company Limited (KBS)?
The operating margin of Khonburi Sugar Public Company Limited is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Khonburi Sugar Public Company Limited (KBS)?
Revenue at Khonburi Sugar Public Company Limited is growing −1.5% versus a year earlier (3y avg 0.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Khonburi Sugar Public Company Limited (KBS)?
Earnings per share at Khonburi Sugar Public Company Limited are growing −70.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Khonburi Sugar Public Company Limited (KBS) carry?
The net debt of Khonburi Sugar Public Company Limited is 5.5B THB (fiscal year 2025, ≈ 7.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 4, 2026