Kang Yong Electric Public Company Limited (KYE) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kang Yong Electric Public Company Limited THB 259, price THB 283, upside -8.4%, quality 54 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
60‑month range 247.29 THB – 369.15 THB · fair‑value band 211.65 THB – 291.69 THB · the 283.00 THB price screens above the 259.28 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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Kang Yong Electric Public Company Limited manufactures and distributes household electrical appliances in Thailand, Japan, and internationally. The company offers home electrical appliances, such as refrigerators, electric fans, ventilating fans, water pumps, and jet towels under the Mitsubishi Electric trade name.
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Kang Yong Electric Public Company Limited manufactures and distributes household electrical appliances in Thailand, Japan, and internationally. The company offers home electrical appliances, such as refrigerators, electric fans, ventilating fans, water pumps, and jet towels under the Mitsubishi Electric trade name. It also exports its products to approximately 20 countries, including Hong Kong, Taiwan, Australia, New Zealand, Singapore, Malaysia, Central Asia, and the Middle East. The company was formerly known as Kang Yong Electric Manufacturing Co., Ltd. Kang Yong Electric Public Company Limited was founded in 1964 and is based in Bang Phli, Thailand.
Stock analysis
Kang Yong Electric Public Company Limited (KYE) currently trades at 283.00 THB, while our model-based Fair Value estimate is 259.28 THB, implying the stock looks roughly 9.1% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 518.36 THB per share, and 8 of the 21 models we run sit above the 283.00 THB price.
Bear case: the Growth DCF group reads lowest at 131.47 THB, and 13 of the 21 models stay below the price. Evidence for this calculation is high.
Scenario range: 211.65 THB (bear) to 291.69 THB (bull), the price of 283.00 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 54/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Kang Yong Electric Public Company Limited reported revenue of 4.7B THB in FY2026 versus 7.9B THB in FY2022, a compound −12.4%/yr. Reported net income was 618M THB in FY2026, compounding +16.3%/yr from FY2022.
Key figures
Market cap 6.3B THB (≈ $189M) · P/E ratio 9.1 · P/S ratio 1.20 · EPS (TTM) 31.19 THB · Dividend yield 5.6% · Net margin 13.3% · Return on equity 6.4% · Return on assets (EBIT) 2.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at −8%, KYE screens richer than that median.
Fair Value models
Bear 211.65 THBFair Value 259.28 THBBull 291.69 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 2026 figures (about 6 months old). Earnings retained since then (15.21 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.37/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−23.4%
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.
−17.8%
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.
−10.9%
Start year 2021 (pandemic). Over 10 years: −6.2% a year
Revenue growth 23 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.
+0.7%
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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.
+5.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.1%
Dividend (yield on the price)5.6%
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.0% vs −3%, steady
Profit margin 2021 to 2026 ⓘ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.8% → −3%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 2.6%/yr over ~10Y (margins intact) ⓘ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
A lot of optimism in the price
The price assumes more 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).
−0.1%
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 −1.3% a year for the price.
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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.Furnishings, Fixtures & Appliances · 316 stocks
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Cite: Fair Value Calculator (2026). "Kang Yong Electric Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/KYE
Frequently asked questions
Is Kang Yong Electric Public Company Limited (KYE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 259.28 THB versus a price of 283.00 THB, about −8% upside (fairly valued).
What is the fair value of KYE?
Our model-based fair value for Kang Yong Electric Public Company Limited is 259.28 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 283.00 THB.
What is the quality score of KYE?
Kang Yong Electric Public Company Limited has a Quality Score of 54/100. 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 Kang Yong Electric Public Company Limited (KYE)?
Our model-based price target is the fair value of 259.28 THB (as of Sep 24, 2026) from 21 valuation models. Cautious scenario 211.65 THB, optimistic scenario 291.69 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Kang Yong Electric Public Company Limited stock forecast for 2026?
Our models put fair value at 259.28 THB, about −8% upside versus a price of 283.00 THB (fairly valued). Cautious scenario 211.65 THB, optimistic scenario 291.69 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Kang Yong Electric Public Company Limited (KYE)?
Kang Yong Electric Public Company Limited reported trailing-twelve-month revenue of about 4.7B THB (latest available figure, as of Sep 24, 2026).
Does Kang Yong Electric Public Company Limited pay a dividend?
Kang Yong Electric Public Company Limited currently shows a dividend yield of about 5.58% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kang Yong Electric Public Company Limited (KYE)?
For today's price to be fair in a discounted-cash-flow model, Kang Yong Electric Public Company Limited would have to grow free cash flow by -0.1 % 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 -10.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of KYE use?
Our models discount Kang Yong Electric Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.17, 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 Kang Yong Electric Public Company Limited that is -0.1 % 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 Kang Yong Electric Public Company Limited (KYE) delivered so far?
Over the past 5 years revenue at Kang Yong Electric Public Company Limited grew -10.9 % a year. The price currently implies -0.1 % 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 Kang Yong Electric Public Company Limited (KYE) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Kang Yong Electric Public Company Limited (-0.1 % 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 Kang Yong Electric Public Company Limited (KYE)?
The free-cash-flow yield on the price is 4.60 %: that much free cash flow Kang Yong Electric Public Company Limited 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 Kang Yong Electric Public Company Limited (KYE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kang Yong Electric Public Company Limited it is 259.28 THB per share (as of Sep 24, 2026), against a price of 283.00 THB. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Kang Yong Electric Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KYE trades above its calculated fair value: price 283.00 THB, fair value 259.28 THB, a gap of about −8% (fairly valued). 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 KYE?
No. The price is what the market pays today (283.00 THB); the fair value is what the company's own numbers justify (259.28 THB). For Kang Yong Electric Public Company Limited the two are 23.72 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Kang Yong Electric Public Company Limited worth?
The market values Kang Yong Electric Public Company Limited at about 6.3B THB (market capitalisation, as of Sep 24, 2026). Per share that is 283.00 THB; our models calculate a fair value of 259.28 THB per share.
What do the bullish and bearish scenarios say about KYE?
Our models span a range for Kang Yong Electric Public Company Limited: cautious scenario 211.65 THB, base 259.28 THB, optimistic 291.69 THB per share (as of Sep 24, 2026, price 283.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KYE?
Kang Yong Electric Public Company Limited trades at a price-to-earnings ratio of 9.1 (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 259.28 THB is built from several models across several years. Other multiples: P/B 0.6, P/S 1.3, EV/EBITDA 46.6.
How solid is the balance sheet of Kang Yong Electric Public Company Limited (KYE)?
Balance-sheet figures for Kang Yong Electric Public Company Limited (as of Sep 24, 2026): return on equity 6.4%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is KYE from its 52-week high?
Kang Yong Electric Public Company Limited trades at 283.00 THB, about 13% below its 52-week high of 325.00 THB and 3% above the low of 275.00 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 259.28 THB is for.
Which stocks are comparable to Kang Yong Electric Public Company Limited?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works Co, 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 Kang Yong Electric Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 283.00 THB, calculated fair value 259.28 THB (−8%), Quality Score 54/100, from 21 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 KYE calculated?
We run Kang Yong Electric Public Company Limited through 21 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 259.28 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 13.2 % above its aggregate fair value. Kang Yong Electric Public Company Limited itself currently trades above fair value. 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 Kang Yong Electric Public Company Limited (KYE)?
The closing price on Sep 24, 2026 was 283.00 THB. Our model-based fair value is 259.28 THB, about −8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kang Yong Electric Public Company Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Kang Yong Electric Public Company Limited (KYE) come from?
Earnings per share at Kang Yong Electric Public Company Limited grew +0.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.9 %, EBIT margin +2.1 %, tax rate +0.5 %, 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 Kang Yong Electric Public Company Limited
How large is the market capitalisation of Kang Yong Electric Public Company Limited (KYE)?
The market capitalisation of Kang Yong Electric Public Company Limited is 6.3B THB (≈ $189M). 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 Kang Yong Electric Public Company Limited (KYE)?
The price-to-sales ratio of Kang Yong Electric Public Company Limited is 1.20 (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 Kang Yong Electric Public Company Limited (KYE)?
Earnings per share at Kang Yong Electric Public Company Limited are 31.19 THB (price ÷ EPS = P/E 9.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kang Yong Electric Public Company Limited (KYE)?
The dividend yield of Kang Yong Electric Public Company Limited is 5.6% (payout 50.6%). 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 Kang Yong Electric Public Company Limited (KYE)?
The net margin of Kang Yong Electric Public Company Limited is 13.3% (fiscal year 2026). 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 Kang Yong Electric Public Company Limited (KYE)?
The return on equity (ROE) of Kang Yong Electric Public Company Limited is 6.4% (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 Kang Yong Electric Public Company Limited (KYE)?
On an EBIT basis the return on assets of Kang Yong Electric Public Company Limited is 2.7% (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 Kang Yong Electric Public Company Limited (KYE)?
The operating margin of Kang Yong Electric Public Company Limited is −4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kang Yong Electric Public Company Limited (KYE)?
Revenue at Kang Yong Electric Public Company Limited is growing −29.8% versus a year earlier (3y avg −17.8%). 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 Kang Yong Electric Public Company Limited (KYE)?
Earnings per share at Kang Yong Electric Public Company Limited are growing −24.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kang Yong Electric Public Company Limited (KYE) hold?
Kang Yong Electric Public Company Limited holds more cash than debt, 226M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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