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K.C. Metalsheet Public Company Limited (KCM) Fair Value & Analysis

Industrials · TH · Market cap 190M THB (≈ $5.8M) · ISIN TH6156010006

KC K.C. Metalsheet Public Company Limited KCM · BK
Price0.3000 THB
Fair Value0.4800 THB
Upside+60.0%
Quality53/100
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Strengths

Trades 38% below our fair value of 0.4800 THB
Low debt · generates free cash flow
Ranks above peers (7/11)

Risks

!Weak Growth (revenue 5y −5.0 %/yr)
!Loss-making · -4.0% net margin
!Narrow moat 19/100
!Evidence only low, so the estimate is less certain
Weak Growth (revenue 5y −5.0 %/yr)
Loss-making · -4.0% net margin
Low debt · generates free cash flow
Ranks above peers (7/11)
Narrow moat 19/100
Evidence: Low Range 0.2182 THB – 0.7418 THB Share as image

Fair value as of: Aug 29, 2026

From 11 valuation models · updated 2 days ago

Fair value updated Aug 29, 2026, revised from 0.3300 THB to 0.4800 THB (+45.5%) since Aug 13, 2026. Share price +7.1% over the past month.

A solid business, trading 38% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The model range is unusually wide (0.2182 THB to 0.7418 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • 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 (53/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

1.34 THB 0.1300 THB Fair Value 0.4800 THB Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range 0.1300 THB – 1.34 THB · fair‑value band 0.2182 THB – 0.7418 THB · the 0.3000 THB price screens below the 0.4800 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

K.C. Metalsheet Public Company Limited (KCM) currently trades at 0.3000 THB, while our model-based Fair Value estimate is 0.4800 THB, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials 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: low), always confirm before acting.

Over the trailing twelve months, K.C. Metalsheet Public Company Limited generated revenue of 287M THB at a net margin of -4.0%. Revenue declined 19.8% year over year. It earns a return on equity of -2.9%. Net debt stands at 192M THB. Fundamentals as of Aug 29, 2026

Our scenario range runs from 0.2182 THB (bear case) to 0.7418 THB (bull case); at 0.3000 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 3% below its 52-week high and 131% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -58% fair-value upside, at 60%, KCM 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
FCF DCF best evidence 0.3300 THB 0.4200 THB 0.5600 THB 82
Growth DCF 0.3400 THB 0.4200 THB 0.5500 THB 80
Owner Earnings 0.0300 THB 0.0400 THB 0.0500 THB 78
All 11 models by family
DCF Models
FCF DCF best evidence 0.3300 THB 0.4200 THB 0.5600 THB 82
Owner Earnings 0.0300 THB 0.0400 THB 0.0500 THB 78
5Y Revenue Exit 0.3600 THB 0.5200 THB 0.7500 THB 72
5Y EBITDA Exit 0.2100 THB 0.2600 THB 0.3300 THB 77
10Y Revenue Exit 0.3400 THB 0.4400 THB 0.5500 THB 68
10Y EBITDA Exit 0.2700 THB 0.3000 THB 0.3400 THB 70
Multiples
EV/EBITDA 0.1200 THB 0.1600 THB 0.2000 THB 67
EV/Revenue 0.4200 THB 0.6000 THB 0.7900 THB 53
Asset-Based
NCAV (Graham) 0.2900 THB 0.3800 THB 0.5700 THB 54
Growth DCF
Growth DCF 0.3400 THB 0.4200 THB 0.5500 THB 80
Rev-Margin DCF 0.3600 THB 0.5300 THB 0.7400 THB 73

Widest divergence: Growth DCF (0.4200 THB) versus Multiples (0.1600 THB). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/S ratio 0.66 TTM
EPS (TTM) -0.0200 THB
Net margin -5.5% FY2025
Return on equity -2.9% TTM
Return on assets (EBIT) -1.0% avg 5y
Operating margin 5.7% TTM
More key figures
Growth
Revenue (TTM) 287M THB TTM
Revenue growth (YoY) -19.8% 3y avg -4.6%
EPS growth (YoY) +659%
Balance sheet & cash flow
Free cash flow 32.0M THB FY2025
Net debt 192M THB FY2025 · ≈ 6.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 52 · Market factors (momentum, volatility) 75

Profitability 12
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 80
Price trend over the last 3–12 months (market factor)
52W Momentum 96
Distance to the 52-week high (market factor)
Net Issuance 82
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.

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

K.C. Metalsheet Public Company Limited, together with its subsidiaries, manufactures, distributes, and sells metal sheets for roofing and other applications in Thailand.

Full company description

K.C. Metalsheet Public Company Limited, together with its subsidiaries, manufactures, distributes, and sells metal sheets for roofing and other applications in Thailand. The company sells manufactured goods under the contract with customers and construction services; provides roof installation services with metal sheets and various steel goods; as well as property rental services. K.C. Metalsheet Public Company Limited was incorporated in 2002 and is headquartered in Khon Kaen, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

K.C. Metalsheet Public Company Limited reported revenue of 306M THB in FY2025 versus 432M THB in FY2021, a compound −8.2%/yr. Reported net income was −16.9M THB in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
306M THB
Latest YoY
−14.0%
Avg. revenue 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.
−4.6%
Avg. revenue 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.
−5.0%
Avg. revenue growth/yr (13Y) 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%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −8.2%/yr
FY21 432M THB
FY22 353M THB
FY23 381M THB
FY24 356M THB
FY25 306M THB
Net income
FY21 −4.9M THB
FY22 −13.3M THB
FY23 −2.8M THB
FY24 −21.9M THB
FY25 −16.9M THB

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Cite: Fair Value Calculator (2026). "K.C. Metalsheet Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/KCM

Peer Group

Metal Fabrication · 255 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 53 · Above median
Fair Value upside +60% · Top 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) 6% · Above median
Revenue growth -20% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 0.7× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE0 · sector 38
PAST0 · sector 20
HEALTH99 · sector 95
DIVIDEND0 · sector 26

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

Similar stocks

10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

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JL Mag Rare-Earth Co 300748 ¥27.08 ¥8.34 -69%
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ESAB Corporation ESAB $86.05 $52.40 -39%
Ningbo Zhenyu Technology Co 300953 ¥104.36 ¥44.23 -58%

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Frequently asked questions

Is K.C. Metalsheet Public Company Limited (KCM) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of 0.4800 THB versus a price of 0.3000 THB, about +60% (undervalued).
What is the fair value of KCM?
Our model-based fair value for K.C. Metalsheet Public Company Limited is 0.4800 THB (as of Aug 29, 2026), built from audited fundamentals. The current price: 0.3000 THB.
What is the quality score of KCM?
K.C. Metalsheet Public Company Limited has a Quality Score of 53/100. 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 K.C. Metalsheet Public Company Limited (KCM)?
K.C. Metalsheet Public Company Limited reported trailing-twelve-month revenue of about 287M THB (latest available figure, as of Aug 29, 2026).
What is the net profit margin of KCM?
The net profit margin of K.C. Metalsheet Public Company Limited is about -4.0%, meaning it is currently running at a net loss. 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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