K.W. Metal Work Public Company (KWM) Fair Value & Analysis
Industrials · TH · Market cap 440M THB
Fair value as of: Jul 15, 2026
From 24 valuation models · updated 26 days ago
Share price +3.5% over the past month.
A solid business, screening 55% undervalued on our models.
What matters now
- The price is below even our cautious bear case (1.05 THB). The market is more pessimistic than our downside scenario.
- Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range 0.7600 THB – 5.62 THB · fair‑value band 1.05 THB – 1.71 THB · the 0.8900 THB price screens below the 1.38 THB fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
K.W. Metal Work Public Company (KWM) currently trades at 0.8900 THB, while our model-based Fair Value estimate is 1.38 THB, implying the stock looks roughly 55.1% undervalued today. The Quality Score stands at 66/100 (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: high), always confirm before acting.
Over the trailing twelve months, K.W. Metal Work Public Company generated revenue of 347M THB at a net margin of 7.2%. Revenue declined 31.0% year over year. It earns a return on equity of 4.0%. The balance sheet holds a net cash position of 32.1M THB. Fundamentals as of Jul 15, 2026
Our scenario range runs from 1.05 THB (bear case) to 1.71 THB (bull case); at 0.8900 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 18% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 55%, KWM 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.
All 24 models by family
Widest divergence: DCF Models (2.24 THB) versus Dividend Discount (0.7000 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 52
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.W. Metal Work Public Company Limited manufactures and sells parts and accessories for farm machineries primarily in Thailand. It offers disc, plough implements, screw flights, dozer blades, and rotary blades.
Full company description
K.W. Metal Work Public Company Limited manufactures and sells parts and accessories for farm machineries primarily in Thailand. It offers disc, plough implements, screw flights, dozer blades, and rotary blades. The company also engages in the sales and letting of equipment for extraction of substance from hemp and marijuana, as well as sales of products for cosmetic, pharmaceutical, food supplement, and feed industry. The company was incorporated in 2009 and is headquartered in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
K.W. Metal Work Public Company reported revenue of 385M THB in FY2025 versus 567M THB in FY2021, a compound −9.2%/yr. Reported net income was 38.5M THB in FY2025, compounding −17.5%/yr from FY2021.
of which total revenue +6.8 pp · buybacks/dilution −1.8 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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Peer Group
Farm & Heavy Construction Machinery · 148 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.
Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper
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.
Insider activity: 30/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Caterpillar Inc CAT | $952.41 | $307.83 | -68% |
| Deere & Company DE | $597.24 | $187.86 | -69% |
| AB Volvo (publ), VOLVA | kr 336.60 | kr 288.08 | -14% |
| PACCAR Inc PCAR | $126.20 | $94.80 | -25% |
| Epiroc AB EPIA | kr 251.90 | kr 144.14 | -43% |
| Exor N.V EXO | €69.40 | €219.41 | +216% |
| Sany Heavy Industry Co 600031 | ¥18.65 | ¥20.84 | +12% |
| XCMG Construction Machinery Co 000425 | ¥8.39 | ¥11.79 | +41% |
| Sinotruk (Hong Kong) Limited 3808 | HK$41.00 | HK$53.51 | +31% |
| Yutong Bus Co 600066 | ¥32.29 | ¥42.00 | +30% |
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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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