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K&K Superstore Southern Public Company (KK) Fair Value & Analysis

Consumer Defensive · TH · Market cap 249M THB

KK K&K Superstore Southern Public Company KK · BK
Price1.03 THB
Fair Value2.35 THB
Upside+128.2%
Quality65/100
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Healthy Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
1.49% dividend yield
Ranks above peers (11/14)
Moderate moat 45/100
Evidence: High Range 1.77 THB – 2.94 THB Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Share price +2.0% over the past month.

A solid business, screening 128% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1.77 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) 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)

3.88 THB 0.5612 THB Fair Value 2.35 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.5612 THB – 3.88 THB · fair‑value band 1.77 THB – 2.94 THB · the 1.03 THB price screens below the 2.35 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

K&K Superstore Southern Public Company (KK) currently trades at 1.03 THB, while our model-based Fair Value estimate is 2.35 THB, implying the stock looks roughly 128.2% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Defensive 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, K&K Superstore Southern Public Company generated revenue of 1.3B THB at a net margin of 3.0%. Revenue declined 13.4% year over year. It earns a return on equity of 19.7%. Net debt stands at 84.4M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 1.77 THB (bear case) to 2.94 THB (bull case); at 1.03 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 about 28% below its 52-week high and 105% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -31% fair-value upside, at 128%, KK 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 2.68 THB 3.41 THB 4.26 THB 80
Residual Income 0.7800 THB 0.9700 THB 2.13 THB 76
Rev-Margin DCF 1.91 THB 2.50 THB 3.17 THB 74
All 26 models by family
DCF Models
FCF DCF 2.67 THB 3.51 THB 4.54 THB 38
Owner Earnings 2.11 THB 2.74 THB 3.52 THB 31
5Y Revenue Exit 1.91 THB 2.46 THB 3.10 THB 39
5Y EBITDA Exit 2.42 THB 3.39 THB 4.48 THB 41
5Y P/E Exit 2.48 THB 3.50 THB 4.54 THB 38
10Y Revenue Exit 2.21 THB 2.73 THB 3.37 THB 36
10Y EBITDA Exit 2.51 THB 3.28 THB 4.26 THB 37
10Y P/E Exit 2.54 THB 3.35 THB 4.29 THB 35
Earnings-Based
Graham-Dodd 0.9400 THB 2.79 THB 3.69 THB 54
Lynch FV 0.5900 THB 0.8400 THB 1.09 THB 50
PEG = 1.0 0.5900 THB 0.8400 THB 1.09 THB 46
EPV 0.9300 THB 0.9900 THB 1.04 THB 59
Dividend Discount
Gordon GGM 0.1700 THB 0.2900 THB 0.3800 THB 70
DDM Multi-Stage 0.1700 THB 0.2600 THB 0.3100 THB 61
Multiples
P/E Multiple 2.18 THB 2.91 THB 3.64 THB 63
P/S Multiple 1.77 THB 2.35 THB 2.94 THB 58
P/B Multiple 1.77 THB 2.35 THB 2.94 THB 55
EV/EBIT 1.77 THB 2.22 THB 2.67 THB 53
EV/EBITDA 2.47 THB 3.16 THB 3.84 THB 54
EV/Revenue 1.38 THB 1.79 THB 2.21 THB 43
Asset-Based
NCAV (Graham) 0.4200 THB 0.5600 THB 0.8400 THB 50
Growth DCF
Growth DCF 2.68 THB 3.41 THB 4.26 THB 80
Rev-Margin DCF 1.91 THB 2.50 THB 3.17 THB 74
Economic Profit
Residual Income 0.7800 THB 0.9700 THB 2.13 THB 76
ROIC Compounder 0.9400 THB 1.03 THB 1.13 THB 72
Growth Earnings
Growth-Adj P/E 1.77 THB 2.53 THB 3.29 THB 68

Widest divergence: DCF Models (3.28 THB) versus Dividend Discount (0.2600 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.3B THB
Revenue growth (YoY) -13.4%
Net margin 3.0%
Return on equity 19.7%
Free cash flow 66.6M THB FY2025
P/E ratio 6.4
More key figures
Operating margin 3.2%
EPS (TTM) 0.1600 THB
Dividend yield 1.5%
EPS growth (YoY) +230%
Net debt 84.4M THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 68

Profitability 56
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 76
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

K&K Superstore Southern Public Company Limited engages in the retail and wholesale business of consumer products in Thailand.

Full company description

K&K Superstore Southern Public Company Limited engages in the retail and wholesale business of consumer products in Thailand. The company offers household cleaning products, such as detergents, fabric softeners, compressed petals, etc.; daily use products, which include toothpaste, toothbrush, mouthwash, etc.; skin and hair products comprising shampoo, shower cream, soap, etc.; beauty products, including powder, cream, skin care, cologne, etc.; and brushes for milk, baby diapers, adult diapers, etc. for children and adults. It also provides beverage products, such as of cocoa powder, coffee, non-dairy cream, etc.; flavored milk products, such as milk powder, sweetened condensed milk, UHT milk, etc.; beverage products, including drinking water, soft drinks, health drinks, etc.; condiments and dry food products comprising condiments, vegetable oil, rice, etc.; and snack products, which include chewing gum, candy, etc. The company was founded in 1993 and is based in Songkhla, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

K&K Superstore Southern Public Company reported revenue of 1.3B THB in FY2025 versus 1.0B THB in FY2021, a compound +6.7%/yr. Reported net income was 33.4M THB in FY2025, compounding +6.1%/yr from FY2021.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.3B THB
Latest YoY
+13.6%
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.
+10.2%
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.
+6.0%
Avg. growth/yr (10Y) 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.
+5.1%
Revenue +6.7%/yr
FY21 1.0B THB
FY22 968M THB
FY23 1.1B THB
FY24 1.1B THB
FY25 1.3B THB
Net income +6.1%/yr
FY21 26.4M THB
FY22 8.9M THB
FY23 −4.5M THB
FY24 10.4M THB
FY25 33.4M THB
Character of growth · EPS growth decomposed (2015-2025) −13.2 % p.a.
Revenue per share −13.9 pp

of which total revenue +3.9 pp · buybacks/dilution −17.8 pp

EBIT margin +0.8 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −0.4 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). "K&K Superstore Southern Public Company Fair Value". https://www.fairvalue-calculator.com/stock/KK

Peer Group

Grocery Stores · 83 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 65 · Top 25%
Fair Value upside +128% · Top 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Grocery Stores median · lower = cheaper

P/E (TTM) 6.4× · Cheaper than 75% of peers
P/B 1.23× · Cheaper than median
P/S (TTM) 0.20× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 2.4× · 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.

VALUE 100 · sector 36
FUTURE 0 · sector 17
PAST 79 · sector 51
HEALTH 97 · sector 92
DIVIDEND 30 · sector 48

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 Grocery Stores stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Loblaw Companies Limited L C$65.49 C$44.44 -32%
Koninklijke Ahold Delhaize N.V AD €36.30 €53.50 +47%
The Kroger Co KR $58.82 $28.19 -52%
Woolworths Group WOW A$39.20 A$13.40 -66%
George Weston Limited WN C$100.98 C$63.61 -37%
Coles Group COL A$23.56 A$15.86 -33%
Metro Inc MRU C$93.64 C$94.01 +0%
Carrefour SA CA €16.40 €11.51 -30%
CP ALL Public Company TCPD 1.89 SGD 2.36 SGD +25%
BIM Birlesik Magazalar A.S., BIMAS 385.75 TRY 267.12 TRY -31%

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Frequently asked questions

Is K&K Superstore Southern Public Company (KK) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 2.35 THB versus a price of 1.03 THB, about +128% (undervalued).
What is the fair value of KK?
Our model-based fair value for K&K Superstore Southern Public Company is 2.35 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 1.03 THB.
What is the quality score of KK?
K&K Superstore Southern Public Company has a Quality Score of 65/100. 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&K Superstore Southern Public Company (KK)?
K&K Superstore Southern Public Company reported trailing-twelve-month revenue of about 1.3B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of KK?
The net profit margin of K&K Superstore Southern Public Company is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
Does K&K Superstore Southern Public Company pay a dividend?
K&K Superstore Southern Public Company currently shows a dividend yield of about 1.43% relative to its recent price (as of Jul 16, 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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