The Klinique Med Clinic PCL (KLINIQ) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of The Klinique Med Clinic PCL THB 33.82, price THB 27.50, upside +23.0%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
47‑month range 19.24 THB – 40.59 THB · fair‑value band 23.84 THB – 48.36 THB · the 27.50 THB price screens below the 33.82 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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The Klinique Medical Clinic Public Company Limited provides skin medical treatment services under the Klinique brand name in Thailand.
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The Klinique Medical Clinic Public Company Limited provides skin medical treatment services under the Klinique brand name in Thailand. Its services include face lift, acne, pimples, and acne scars, skin tightening, filler, fat dissolving injection, laser hair removal, skin treatment, skin injection, mesofront, mesotherapy, and rhinoplasty, as well as nose, eye, and facial surgery. The company also offers skin medical services and distribution of cosmetics and medical cosmetics, and surgery services. The Klinique Medical Clinic Public Company Limited was founded in 2009 and is based in Bangkok, Thailand.
Stock analysis
The Klinique Med Clinic PCL (KLINIQ) currently trades at 27.50 THB, while our model-based Fair Value estimate is 33.82 THB, implying the stock looks roughly 18.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 52.70 THB per share, and 18 of the 26 models we run sit above the 27.50 THB price.
Bear case: the Asset-Based group reads lowest at 5.40 THB, and 8 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 23.84 THB (bear) to 48.36 THB (bull), the price of 27.50 THB sits inside 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 70/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
The Klinique Med Clinic PCL reported revenue of 3.6B THB in FY2025 versus 950M THB in FY2021, a compound +39.1%/yr. Reported net income was 364M THB in FY2025, compounding +29.5%/yr from FY2021.
Key figures
Market cap 6.1B THB (≈ $182M) · P/E ratio 15.2 · P/S ratio 1.55 · EPS (TTM) 1.81 THB · Dividend yield 5.3% · Net margin 10.2% · Return on equity 21.5% · Return on assets (EBIT) 13.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at 23%, KLINIQ screens cheaper than that median.
Fair Value models
Bear 23.84 THBFair Value 33.82 THBBull 48.36 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.2643 THB per share) are deliberately not added.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 ⓘEvidence = 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.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+19.2%
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.
+29.5%
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.
+28.9%
Start year 2020 (pandemic). Over 10 years: +18.5% a year
Revenue growth 12 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.
+26.2%
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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.
+28.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.0%
Dividend (yield on the price)5.3%
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.23% vs −7%, 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.17% → 13%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 13.1%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+10.8%
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 +9.5% a year for the price.
Compare The Klinique Med Clinic PCL 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.Personal Services · 41 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+20% · Above median
Profitability
Return on equity (TTM)22% · Above median
Return on assets10% · Top 25%
Net margin (TTM)10% · Above median
Operating margin (TTM)15% · Above median
Growth and dividend
Revenue growth34% · Top 25%
Dividend yield (TTM)5.3% · Top 25%
Valuation Multiplesvs Personal Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "The Klinique Med Clinic PCL Fair Value". https://www.fairvalue-calculator.com/stock/KLINIQ
Frequently asked questions
Is The Klinique Med Clinic PCL (KLINIQ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 33.82 THB versus a price of 27.50 THB, about +23% upside (undervalued).
What is the fair value of KLINIQ?
Our model-based fair value for The Klinique Med Clinic PCL is 33.82 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 27.50 THB.
What is the quality score of KLINIQ?
The Klinique Med Clinic PCL has a Quality Score of 70/100. 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 The Klinique Med Clinic PCL (KLINIQ)?
Our model-based price target is the fair value of 33.82 THB (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 23.84 THB, optimistic scenario 48.36 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the The Klinique Med Clinic PCL stock forecast for 2026?
Our models put fair value at 33.82 THB, about +23% upside versus a price of 27.50 THB (undervalued). Cautious scenario 23.84 THB, optimistic scenario 48.36 THB. The calculation is refreshed regularly with new filings.
What is the revenue of The Klinique Med Clinic PCL (KLINIQ)?
The Klinique Med Clinic PCL reported trailing-twelve-month revenue of about 3.8B THB (latest available figure, as of Sep 24, 2026).
Does The Klinique Med Clinic PCL pay a dividend?
The Klinique Med Clinic PCL currently shows a dividend yield of about 5.27% relative to its recent price (as of Sep 24, 2026).
What growth is priced into The Klinique Med Clinic PCL (KLINIQ)?
For today's price to be fair in a discounted-cash-flow model, The Klinique Med Clinic PCL would have to grow free cash flow by +10.8 % 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 +28.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of KLINIQ use?
Our models discount The Klinique Med Clinic PCL at 13.1 %: a base by market capitalisation (micro), damped by beta 0.35, 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 The Klinique Med Clinic PCL that is +10.8 % 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 The Klinique Med Clinic PCL (KLINIQ) delivered so far?
Over the past 5 years revenue at The Klinique Med Clinic PCL grew +28.9 % a year. The price currently implies +10.8 % 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 The Klinique Med Clinic PCL (KLINIQ) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into The Klinique Med Clinic PCL (+10.8 % 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 The Klinique Med Clinic PCL (KLINIQ)?
The free-cash-flow yield on the price is 6.14 %: that much free cash flow The Klinique Med Clinic PCL 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 The Klinique Med Clinic PCL (KLINIQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For The Klinique Med Clinic PCL it is 33.82 THB per share (as of Sep 24, 2026), against a price of 27.50 THB. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is The Klinique Med Clinic PCL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KLINIQ trades below its calculated fair value: price 27.50 THB, fair value 33.82 THB, a gap of about +23% (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 KLINIQ?
No. The price is what the market pays today (27.50 THB); the fair value is what the company's own numbers justify (33.82 THB). For The Klinique Med Clinic PCL the two are 6.32 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is The Klinique Med Clinic PCL worth?
The market values The Klinique Med Clinic PCL at about 6.1B THB (market capitalisation, as of Sep 24, 2026). Per share that is 27.50 THB; our models calculate a fair value of 33.82 THB per share.
What do the bullish and bearish scenarios say about KLINIQ?
Our models span a range for The Klinique Med Clinic PCL: cautious scenario 23.84 THB, base 33.82 THB, optimistic 48.36 THB per share (as of Sep 24, 2026, price 27.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KLINIQ?
The Klinique Med Clinic PCL trades at a price-to-earnings ratio of 15.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 33.82 THB is built from several models across several years. Other multiples: PEG 1.2, P/B 3.5, P/S 1.6, EV/EBITDA 8.6.
What is the PEG ratio of KLINIQ?
The PEG ratio of The Klinique Med Clinic PCL is 1.17 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of The Klinique Med Clinic PCL (KLINIQ)?
Balance-sheet figures for The Klinique Med Clinic PCL (as of Sep 24, 2026): return on equity 21.5%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is KLINIQ from its 52-week high?
The Klinique Med Clinic PCL trades at 27.50 THB, about 12% below its 52-week high of 31.25 THB and 43% above the low of 19.24 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 33.82 THB is for.
Which stocks are comparable to The Klinique Med Clinic PCL?
From the same area (Consumer Cyclical) we also value Rollins, Inc, Service Corporation, Frontdoor, Inc, H&R Block, Inc, 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 The Klinique Med Clinic PCL stock attractive at the current price?
The data as of Sep 24, 2026: price 27.50 THB, calculated fair value 33.82 THB (+23%), Quality Score 70/100, 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 KLINIQ calculated?
We run The Klinique Med Clinic PCL 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 33.82 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 13.0 % above its aggregate fair value. The Klinique Med Clinic PCL currently trades 23 % 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 The Klinique Med Clinic PCL (KLINIQ)?
The closing price on Sep 24, 2026 was 27.50 THB. Our model-based fair value is 33.82 THB, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with The Klinique Med Clinic PCL right now?
A fairly wide model range (23.84 THB to 48.36 THB) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of The Klinique Med Clinic PCL (KLINIQ) come from?
Earnings per share at The Klinique Med Clinic PCL grew +7.8 % a year from 2015 to 2025. Broken into its drivers: revenue per share +2.9 %, EBIT margin +4.8 %, tax rate −0.1 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of The Klinique Med Clinic PCL
How large is the market capitalisation of The Klinique Med Clinic PCL (KLINIQ)?
The market capitalisation of The Klinique Med Clinic PCL is 6.1B THB (≈ $182M). 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 The Klinique Med Clinic PCL (KLINIQ)?
The price-to-sales ratio of The Klinique Med Clinic PCL is 1.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of The Klinique Med Clinic PCL (KLINIQ)?
Earnings per share at The Klinique Med Clinic PCL are 1.81 THB (price ÷ EPS = P/E 15.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of The Klinique Med Clinic PCL (KLINIQ)?
The dividend yield of The Klinique Med Clinic PCL is 5.3% (payout 80.1%). 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 The Klinique Med Clinic PCL (KLINIQ)?
The net margin of The Klinique Med Clinic PCL is 10.2% (fiscal year 2025). 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 The Klinique Med Clinic PCL (KLINIQ)?
The return on equity (ROE) of The Klinique Med Clinic PCL is 21.5% (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 The Klinique Med Clinic PCL (KLINIQ)?
On an EBIT basis the return on assets of The Klinique Med Clinic PCL is 13.3% (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 The Klinique Med Clinic PCL (KLINIQ)?
The operating margin of The Klinique Med Clinic PCL is 14.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at The Klinique Med Clinic PCL (KLINIQ)?
Revenue at The Klinique Med Clinic PCL is growing +33.5% versus a year earlier (3y avg +29.5%). 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 The Klinique Med Clinic PCL (KLINIQ)?
Earnings per share at The Klinique Med Clinic PCL are growing +42.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does The Klinique Med Clinic PCL (KLINIQ) carry?
The net debt of The Klinique Med Clinic PCL is 909M THB (fiscal year 2025, ≈ 2.4 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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