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Kiattana Transport Public Company (KIAT) Fair Value & Analysis

Industrials · TH · Market cap 967M THB

KT Kiattana Transport Public Company KIAT · BK
Price0.3500 THB
Fair Value0.3245 THB
Upside-7.3%
Quality57/100
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Weak Growth
Thin margins · 3.9% net margin
Low debt · generates free cash flow
6.06% dividend yield
Mixed vs. peers (8/14)
Narrow moat 31/100
Evidence: High Range 0.2434 THB – 0.4056 THB Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 0.2400 THB to 0.3245 THB (+35.2%) since Jun 24, 2026. Share price +2.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 0.2434 THB (bear) to 0.4056 THB (bull), base 0.3245 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

0.5767 THB 0.2535 THB Fair Value 0.3245 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 0.2535 THB – 0.5767 THB · fair‑value band 0.2434 THB – 0.4056 THB · the 0.3500 THB price screens above the 0.3245 THB fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Kiattana Transport Public Company (KIAT) currently trades at 0.3500 THB, while our model-based Fair Value estimate is 0.3245 THB, implying the stock looks roughly 7.3% fairly valued today. The Quality Score stands at 57/100 (solid 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, Kiattana Transport Public Company generated revenue of 724M THB at a net margin of 3.9%. Revenue declined 12.3% year over year. It earns a return on equity of 2.6%. Net debt stands at 27.8M THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.2434 THB (bear case) to 0.4056 THB (bull case); at 0.3500 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 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -70% fair-value upside, at -7%, KIAT 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 0.2200 THB 0.2700 THB 0.3600 THB 80
Residual Income 0.2600 THB 0.2500 THB 0.2000 THB 76
Rev-Margin DCF 0.1300 THB 0.1700 THB 0.2100 THB 74
All 24 models by family
DCF Models
FCF DCF 0.2100 THB 0.2700 THB 0.3700 THB 38
Owner Earnings 0.2900 THB 0.3700 THB 0.5000 THB 31
5Y Revenue Exit 0.1300 THB 0.1600 THB 0.2000 THB 39
5Y EBITDA Exit 0.2700 THB 0.3900 THB 0.5600 THB 41
5Y P/E Exit 0.1900 THB 0.2600 THB 0.3500 THB 38
10Y Revenue Exit 0.1700 THB 0.1900 THB 0.2100 THB 36
10Y EBITDA Exit 0.2400 THB 0.3200 THB 0.4000 THB 37
10Y P/E Exit 0.2000 THB 0.2500 THB 0.2900 THB 35
Earnings-Based
Graham-Dodd 0.0800 THB 0.1000 THB 0.1100 THB 54
EPV 0.0500 THB 0.0600 THB 0.0600 THB 59
Dividend Discount
Gordon GGM 0.1600 THB 0.1800 THB 0.1900 THB 70
DDM Multi-Stage 0.1600 THB 0.1900 THB 0.2300 THB 61
Multiples
P/E Multiple 0.1800 THB 0.2400 THB 0.3100 THB 63
P/S Multiple 0.1500 THB 0.2000 THB 0.2500 THB 58
P/B Multiple 0.1500 THB 0.2000 THB 0.2500 THB 55
EV/EBIT 0.1000 THB 0.1300 THB 0.1500 THB 53
EV/EBITDA 0.3600 THB 0.4700 THB 0.5900 THB 54
EV/Revenue 0.0800 THB 0.1000 THB 0.1200 THB 43
Asset-Based
NCAV (Graham) 0.1800 THB 0.2500 THB 0.3700 THB 50
Growth DCF
Growth DCF 0.2200 THB 0.2700 THB 0.3600 THB 80
Rev-Margin DCF 0.1300 THB 0.1700 THB 0.2100 THB 74
Economic Profit
Residual Income 0.2600 THB 0.2500 THB 0.2000 THB 76
ROIC Compounder 0.0500 THB 0.0600 THB 0.0600 THB 72
Growth Earnings
Growth-Adj P/E 0.1300 THB 0.1800 THB 0.2400 THB 68

Widest divergence: DCF Models (0.2600 THB) versus Earnings-Based (0.0600 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 724M THB
Revenue growth (YoY) -12.3%
Net margin 3.9%
Return on equity 2.6%
Free cash flow 68.5M THB FY2025
P/E ratio 34.0
More key figures
Operating margin 7.1%
EPS (TTM) 0.0100 THB
Dividend yield 5.9%
EPS growth (YoY) -31.1%
Net debt 27.8M THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 72

Profitability 29
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 86
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

Kiattana Transport Public Company Limited, together with its subsidiaries, provides integrated logistics services in Thailand, Lao People's Democratic Republic, and internationally. It offers truck and rail transport; air and sea freight forwarding; chemical sourcing; and fleet safety technology.

Full company description

Kiattana Transport Public Company Limited, together with its subsidiaries, provides integrated logistics services in Thailand, Lao People's Democratic Republic, and internationally. It offers truck and rail transport; air and sea freight forwarding; chemical sourcing; and fleet safety technology. The company also provides goods custodial services and distribution; transportation management; and customs services. In addition, it distributes and rents hardware and software accessories relating to IT systems and various types of global positioning systems, as well as hire-purchase lease for trucks. The company was incorporated in 1994 and is headquartered in Nonthaburi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kiattana Transport Public Company reported revenue of 746M THB in FY2025 versus 752M THB in FY2021, a compound −0.2%/yr. Reported net income was 34.1M THB in FY2025, compounding −18.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
746M THB
Latest YoY
−8.1%
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.
−5.4%
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.
−1.0%
Avg. growth/yr (16Y) 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.
+6.3%
Revenue −0.2%/yr
FY21 752M THB
FY22 882M THB
FY23 792M THB
FY24 812M THB
FY25 746M THB
Net income −18.9%/yr
FY21 78.7M THB
FY22 90.8M THB
FY23 86.3M THB
FY24 57.1M THB
FY25 34.1M THB
Character of growth · EPS growth decomposed (2014-2025) −7.2 % p.a.
Revenue per share −1.3 pp

of which total revenue −0.7 pp · buybacks/dilution −0.6 pp

EBIT margin −7.5 pp
Tax rate −0.6 pp
Residual (interest, one-offs) +2.2 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).

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Cite: Fair Value Calculator (2026). "Kiattana Transport Public Company Fair Value". https://www.fairvalue-calculator.com/stock/KIAT

Peer Group

Trucking · 46 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 57 · Top 25%
Fair Value upside −7% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 6.1% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Trucking median · lower = cheaper

P/E (TTM) 33.0× · Pricier than median
P/B 0.89× · Cheaper than median
P/S (TTM) 1.34× · Pricier than median
P/FCF 0.4× · Cheaper than median
EV/EBITDA 10.3× · Pricier 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 24 · sector 7
FUTURE 0 · sector 10
PAST 10 · sector 13
HEALTH 99 · sector 94
DIVIDEND 100 · sector 20

Insider activity: 40/100

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 Trucking stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Old Dominion Freight Line, Inc ODFL $225.23 $103.37 -54%
XPO, Inc XPO $219.29 $56.52 -74%
TFI International Inc TFII $155.83 $110.79 -29%
Knight-Swift Transportation Holdings KNX $75.19 $8.58 -89%
Saia, Inc SAIA $438.29 $129.64 -70%
Schneider National, Inc SNDR $38.19 $12.37 -68%
RXO, Inc RXO $27.07 $3.48 -87%
ArcBest Corporation ARCB $147.13 $45.89 -69%
Werner Enterprises, Inc WERN $46.04 $8.24 -82%
Dazhong Transportation (Group) Co 600611 ¥4.55 ¥1.20 -74%

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Frequently asked questions

Is Kiattana Transport Public Company (KIAT) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.3245 THB versus a price of 0.3500 THB, about −7% (fairly valued).
What is the fair value of KIAT?
Our model-based fair value for Kiattana Transport Public Company is 0.3245 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.3500 THB.
What is the quality score of KIAT?
Kiattana Transport Public Company has a Quality Score of 57/100. 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 Kiattana Transport Public Company (KIAT)?
Kiattana Transport Public Company reported trailing-twelve-month revenue of about 724M THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of KIAT?
The net profit margin of Kiattana Transport Public Company is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.
Does Kiattana Transport Public Company pay a dividend?
Kiattana Transport Public Company currently shows a dividend yield of about 5.88% relative to its recent price (as of Jul 17, 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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