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Kijcharoen Engineering Electric Public Company (KJL) Fair Value & Analysis

Industrials · TH · Market cap 1.6B THB

KE Kijcharoen Engineering Electric Public Company KJL · BK
Price6.85 THB
Fair Value10.09 THB
Upside+47.3%
Quality47/100
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Expensive Growth
Solidly profitable · 10.4% net margin
Low debt · negative free cash flow
6.43% dividend yield
Ranks above peers (9/13)
Moderate moat 55/100
Evidence: High Range 7.06 THB – 13.24 THB Share as image

Fair value as of: Jul 17, 2026

From 16 valuation models · updated 24 days ago

Share price +9.6% over the past month.

Below-average quality, screening 47% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (7.06 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (7.06 THB to 13.24 THB) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

13.73 THB 5.31 THB Fair Value 10.09 THB Nov 2022 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

45‑month range 5.31 THB – 13.73 THB · fair‑value band 7.06 THB – 13.24 THB · the 6.85 THB price screens below the 10.09 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Kijcharoen Engineering Electric Public Company (KJL) currently trades at 6.85 THB, while our model-based Fair Value estimate is 10.09 THB, implying the stock looks roughly 47.3% undervalued today. The Quality Score stands at 47/100 (below-average 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: high), always confirm before acting.

Over the trailing twelve months, Kijcharoen Engineering Electric Public Company generated revenue of 1.2B THB at a net margin of 10.4%. Revenue grew 16.2% year over year. It earns a return on equity of 16.9%. Net debt stands at 407M THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 7.06 THB (bear case) to 13.24 THB (bull case); at 6.85 THB, the current price sits below 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 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 47%, KJL 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
Residual Income 3.08 THB 3.77 THB 6.92 THB 76
ROIC Compounder 4.31 THB 5.30 THB 6.41 THB 72
Gordon GGM 4.20 THB 7.57 THB 10.42 THB 70
All 16 models by family
Earnings-Based
Graham-Dodd 3.72 THB 11.30 THB 15.00 THB 54
Lynch FV 2.42 THB 3.46 THB 4.49 THB 50
PEG = 1.0 2.42 THB 3.46 THB 4.49 THB 46
EPV 4.12 THB 4.74 THB 5.26 THB 59
Dividend Discount
Gordon GGM 4.20 THB 7.57 THB 10.42 THB 70
DDM Multi-Stage 4.20 THB 6.47 THB 8.09 THB 61
Multiples
P/E Multiple 8.61 THB 11.49 THB 14.36 THB 63
P/S Multiple 6.97 THB 9.30 THB 11.62 THB 58
P/B Multiple 6.97 THB 9.30 THB 11.62 THB 55
EV/EBIT 8.56 THB 11.56 THB 14.56 THB 53
EV/EBITDA 8.94 THB 12.07 THB 15.20 THB 54
EV/Revenue 5.66 THB 8.28 THB 10.89 THB 43
Asset-Based
NCAV (Graham) 1.49 THB 1.99 THB 2.98 THB 50
Economic Profit
Residual Income 3.08 THB 3.77 THB 6.92 THB 76
ROIC Compounder 4.31 THB 5.30 THB 6.41 THB 72
Growth Earnings
Growth-Adj P/E 7.06 THB 10.09 THB 13.12 THB 68

Widest divergence: Growth Earnings (10.09 THB) versus Asset-Based (1.99 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.2B THB
Revenue growth (YoY) +16.2%
Net margin 10.4%
Return on equity 16.9%
Free cash flow −59.5M THB FY2025
P/E ratio 13.4
More key figures
Operating margin 11.0%
EPS (TTM) 0.5300 THB
Dividend yield 6.4%
EPS growth (YoY) -17.0%
Net debt 407M THB FY2025

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 66

Profitability 53
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 61
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.

About the company

Kijcharoen Engineering Electric Public Company Limited manufactures and distributes electrical cabinets, cable tray, and power solutions in Thailand. The company offers wireway and various wiring devices.

Full company description

Kijcharoen Engineering Electric Public Company Limited manufactures and distributes electrical cabinets, cable tray, and power solutions in Thailand. The company offers wireway and various wiring devices. It provides control cabinet, pull boxes, solar walkways, waterproof plastic boxes, switchboard, electrical cabinet, electrical cable system, and sheet metal works, as well as design and consulting services. The company was founded in 1996 and is based in Samut Sakhon, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kijcharoen Engineering Electric Public Company reported revenue of 1.1B THB in FY2025 versus 840M THB in FY2021, a compound +7.5%/yr. Reported net income was 127M THB in FY2025, compounding +7.8%/yr from FY2021.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.1B THB
Latest YoY
−6.8%
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.
+3.2%
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.
+10.0%
Avg. growth/yr (7Y) 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.
+6.6%
Revenue +7.5%/yr
FY21 840M THB
FY22 1.0B THB
FY23 1.1B THB
FY24 1.2B THB
FY25 1.1B THB
Net income +7.8%/yr
FY21 94.0M THB
FY22 132M THB
FY23 152M THB
FY24 181M THB
FY25 127M THB

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Cite: Fair Value Calculator (2026). "Kijcharoen Engineering Electric Public Company Fair Value". https://www.fairvalue-calculator.com/stock/KJL

Peer Group

Metal Fabrication · 244 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 47 · Below median
Fair Value upside +47% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth 16% · Above median
Dividend yield (TTM) 6.4% · Top 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 13.4× · Cheaper than 75% of peers
P/B 2.39× · Pricier than median
P/S (TTM) 1.41× · Pricier than median
EV/EBITDA 8.1× · Cheaper 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 96 · sector 0
FUTURE 81 · sector 36
PAST 68 · sector 21
HEALTH 89 · sector 95
DIVIDEND 100 · sector 25

Insider activity: 45/100

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.

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Frequently asked questions

Is Kijcharoen Engineering Electric Public Company (KJL) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 10.09 THB versus a price of 6.85 THB, about +47% (undervalued).
What is the fair value of KJL?
Our model-based fair value for Kijcharoen Engineering Electric Public Company is 10.09 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 6.85 THB.
What is the quality score of KJL?
Kijcharoen Engineering Electric Public Company has a Quality Score of 47/100. 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 Kijcharoen Engineering Electric Public Company (KJL)?
Kijcharoen Engineering Electric Public Company reported trailing-twelve-month revenue of about 1.2B THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of KJL?
The net profit margin of Kijcharoen Engineering Electric Public Company is about 10.4%, meaning it keeps roughly 10.4% of revenue as net income. Based on the latest reported figures.
Does Kijcharoen Engineering Electric Public Company pay a dividend?
Kijcharoen Engineering Electric Public Company currently shows a dividend yield of about 7.44% 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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