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Light Up Total Solution Public Company (LTS) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 687M THB

LU Light Up Total Solution Public Company LTS · BK
Price2.94 THB
Fair Value0.5610 THB
Upside-80.9%
Quality29/100
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Mixed Growth
Loss-making · -2.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 24/100
Evidence: Medium Range 0.4335 THB – 0.6970 THB Share as image

Fair value as of: Jul 20, 2026

From 10 valuation models · updated 21 days ago

Share price +16.7% over the past month.

Below-average quality, and screening another 81% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.6970 THB). The favourable scenario is already priced in.
  • Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (2 years)

17.60 THB 1.62 THB Fair Value 0.5610 THB May 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

27‑month range 1.62 THB – 17.60 THB · fair‑value band 0.4335 THB – 0.6970 THB · the 2.94 THB price screens above the 0.5610 THB fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Light Up Total Solution Public Company (LTS) currently trades at 2.94 THB, while our model-based Fair Value estimate is 0.5610 THB, implying the stock looks roughly 80.9% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Light Up Total Solution Public Company generated revenue of 618M THB at a net margin of -1.8%. Revenue grew 49.0% year over year. It earns a return on equity of -2.7%. The balance sheet holds a net cash position of 8.8M THB. Fundamentals as of Jul 20, 2026

Our scenario range runs from 0.4335 THB (bear case) to 0.6970 THB (bull case); at 2.94 THB, the current price sits above 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 49% below its 52-week high and 81% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -21% fair-value upside, at -81%, LTS screens richer 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 2.57 THB 4.26 THB 6.93 THB 80
Rev-Margin DCF 2.42 THB 4.15 THB 7.67 THB 74
EV/EBITDA 0.7100 THB 0.8600 THB 1.02 THB 54
All 10 models by family
DCF Models
FCF DCF 2.72 THB 3.87 THB 7.28 THB 38
5Y Revenue Exit 2.27 THB 3.66 THB 6.57 THB 39
5Y EBITDA Exit 1.36 THB 1.83 THB 2.74 THB 41
10Y Revenue Exit 2.37 THB 4.66 THB 6.05 THB 36
10Y EBITDA Exit 1.83 THB 2.88 THB 4.45 THB 37
Multiples
EV/EBITDA 0.7100 THB 0.8600 THB 1.02 THB 54
EV/Revenue 1.90 THB 2.61 THB 3.33 THB 43
Asset-Based
NCAV (Graham) 0.9600 THB 1.29 THB 1.92 THB 50
Growth DCF
Growth DCF 2.57 THB 4.26 THB 6.93 THB 80
Rev-Margin DCF 2.42 THB 4.15 THB 7.67 THB 74

Widest divergence: Growth DCF (4.15 THB) versus Multiples (0.8600 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 618M THB
Revenue growth (YoY) +49.0%
Net margin -1.8%
Return on equity -2.7%
Free cash flow 43.6M THB FY2025
Operating margin -24.5%
More key figures
EPS (TTM) -0.0900 THB
EPS growth (YoY) +3.5%
Net cash 8.8M THB FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 34 · Market factors (momentum, volatility) 37

Profitability 19
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 0
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

Light Up Total Solution Public Company Limited, together with its subsidiaries, designs and trades in lighting systems in Thailand. The company operates through two segments: trading of lighting equipment and IT solutions.

Full company description

Light Up Total Solution Public Company Limited, together with its subsidiaries, designs and trades in lighting systems in Thailand. The company operates through two segments: trading of lighting equipment and IT solutions. It offers doorlock, mixpad, and switch and outlet; decorative; and indoor, bedside, downlight led, downlight surface, downlight surface led, indoor wall light, led strip light and neon flex, magnetic track light, recessed downlight, step light, track light, track light surface, zinger linear light, bollard, ingound up light, and wall washer light. The company also provides IT system products and service outsourcing in the design and installation of network; and cabling system for computers, as well as distributes computers, and trades in lamps. Light Up Total Solution Public Company Limited was formerly known as Lightup Design Company Limited and changed its name to Light Up Total Solution Public Company Limited in July 2023. The company was incorporated in 2009 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Light Up Total Solution Public Company reported revenue of 618M THB in FY2025 versus 164M THB in FY2021, a compound +39.4%/yr. Reported net income was −10.9M THB in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
618M THB
Latest YoY
+30.8%
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.
+38.6%
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.
+16.3%
Avg. growth/yr (6Y) 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.
+12.4%
Revenue +39.4%/yr
FY21 164M THB
FY22 232M THB
FY23 228M THB
FY24 473M THB
FY25 618M THB
Net income
FY21 4.7M THB
FY22 15.0M THB
FY23 31.4M THB
FY24 80.0M THB
FY25 −10.9M THB

LTS screens 81% overvalued. Compare with The Home Depot, Inc →

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Cite: Fair Value Calculator (2026). "Light Up Total Solution Public Company Fair Value". https://www.fairvalue-calculator.com/stock/LTS

Peer Group

Home Improvement Retail · 36 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 29 · Bottom 25%
Fair Value upside −81% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) 10% · Top 25%
Revenue growth 24% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Home Improvement Retail median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 0.5× · 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 0 · sector 25
FUTURE 100 · sector 11
PAST 0 · sector 30
HEALTH 98 · sector 95
DIVIDEND 0 · sector 50

VALUE 0: the price sits above our fair-value range.

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 Home Improvement Retail stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
The Home Depot, Inc HD $337.74 $236.85 -30%
Lowe's Companies, Inc LOW $209.66 $186.32 -11%
Wesfarmers Limited WES A$92.80 A$50.50 -46%
Floor & Decor Holdings FND $56.40 $32.81 -42%
Mr D.I.Y. Group 5296 1.70 MYR 1.47 MYR -14%
Home Product Center Public Company HMPROR 6.65 THB 6.31 THB -5%
Siam Global House Public Company GLOBAL 7.50 THB 5.96 THB -21%
Dohome Public Company DOHOME 3.86 THB 2.90 THB -25%
Haverty Furniture Companies, Inc HVT $25.66 $22.53 -12%
Test-Rite International Co 2908 22.00 TWD 9.18 TWD -58%

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Frequently asked questions

Is Light Up Total Solution Public Company (LTS) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 0.5610 THB versus a price of 2.94 THB, about −81% (overvalued).
What is the fair value of LTS?
Our model-based fair value for Light Up Total Solution Public Company is 0.5610 THB (as of Jul 20, 2026), built from audited fundamentals. The current price is 2.94 THB.
What is the quality score of LTS?
Light Up Total Solution Public Company has a Quality Score of 29/100. 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 Light Up Total Solution Public Company (LTS)?
Light Up Total Solution Public Company reported trailing-twelve-month revenue of about 618M THB (latest available figure, as of Jul 20, 2026).
What is the net profit margin of LTS?
The net profit margin of Light Up Total Solution Public Company is about -1.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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