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Matichon Public Company Limited (MATI) Fair Value & Analysis

Communication Services · TH · Market cap 545M THB

MP Matichon Public Company Limited MATI · BK
Price from Aug 17, 20263.30 THB
Fair Value3.24 THB
Upside-1.8%
Quality42/100
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Risks

!Weak Growth (revenue 5y −6.9 %/yr)
!Loss-making · -18.8% net margin
!negative free cash flow
!Trails peers (3/9)
Weak Growth (revenue 5y −6.9 %/yr)
Loss-making · -18.8% net margin
negative free cash flow
Trails peers (3/9)
Narrow moat 12/100
Evidence: Low Range 2.14 THB – 4.05 THB Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 12 days ago

Share price +7.1% over the past month.

Below-average quality, currently priced close to our fair value.

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69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (2.14 THB to 4.05 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.
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Price vs Fair Value (5 years)

8.33 THB 2.56 THB Fair Value 3.24 THB Apr 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 2.56 THB – 8.33 THB · fair‑value band 2.14 THB – 4.05 THB · the 3.30 THB price screens above the 3.24 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Matichon Public Company Limited (MATI) currently trades at 3.30 THB, while our model-based Fair Value estimate is 3.24 THB, implying the stock looks roughly 1.8% fairly valued today. The Quality Score stands at 42/100 (below-average quality), in the Communication Services 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: low).

Over the trailing twelve months, Matichon Public Company Limited generated revenue of 474M THB at a net margin of -18.8%. Revenue grew 9.6% year over year. It earns a return on equity of -6.6%. The balance sheet holds a net cash position of 69.1M THB. Fundamentals as of Aug 13, 2026

Our scenario range runs from 2.14 THB (bear case) to 4.05 THB (bull case); at 3.30 THB, the current price sits within 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 32% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at -2%, MATI 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
Gordon GGM 0.7700 THB 0.8300 THB 0.9200 THB 70
DDM Multi-Stage 0.7700 THB 0.9200 THB 1.11 THB 61
NCAV (Graham) 3.75 THB 5.02 THB 7.50 THB 50
All 3 models by family
Dividend Discount
Gordon GGM 0.7700 THB 0.8300 THB 0.9200 THB 70
DDM Multi-Stage 0.7700 THB 0.9200 THB 1.11 THB 61
Asset-Based
NCAV (Graham) 3.75 THB 5.02 THB 7.50 THB 50

Widest divergence: Asset-Based (5.02 THB) versus Dividend Discount (0.8300 THB). Highest evidence: Gordon GGM (70).

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Key figures & financial health

P/S ratio 1.11 TTM
Net margin -18.8% TTM
Return on equity -6.6% TTM
Return on assets -2.9% TTM
Operating margin -10.3% TTM
EPS (TTM) -0.4800 THB
More key figures
Growth
Revenue (TTM) 474M THB TTM
Revenue growth (YoY) +9.6% 3y avg -12.1%
EPS growth (YoY) +36.8%
Balance sheet & cash flow
Free cash flow −112M THB FY2025
Net cash 69.1M THB FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 42 · Market factors (momentum, volatility) 29

Profitability 4
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Matichon Public Company Limited, together with its subsidiaries, publishes newspapers, pocketbooks, and journals in Thailand. It also provides advertising services, and training services and seminars, as well as prepares various advertising media, including engagement of advertising material and organizers for exhibitions and various activities.

Full company description

Matichon Public Company Limited, together with its subsidiaries, publishes newspapers, pocketbooks, and journals in Thailand. It also provides advertising services, and training services and seminars, as well as prepares various advertising media, including engagement of advertising material and organizers for exhibitions and various activities. The company was founded in 1978 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Matichon Public Company Limited reported revenue of 464M THB in FY2025 versus 674M THB in FY2021, a compound −8.9%/yr. Reported net income was −110M THB in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
464M THB
Latest YoY
−21.4%
Avg. revenue 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.
−12.1%
Avg. revenue 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.
−6.9%
Avg. revenue growth/yr (25Y) 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.
−4.3%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −8.9%/yr
FY21 674M THB
FY22 682M THB
FY23 702M THB
FY24 590M THB
FY25 464M THB
Net income
FY21 219M THB
FY22 69.5M THB
FY23 30.6M THB
FY24 −33.4M THB
FY25 −110M THB

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Cite: Fair Value Calculator (2026). "Matichon Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/MATI

Peer Group

Publishing · 112 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 42 · Bottom 25%
Fair Value upside −2% · Below median
Return on assets -3% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) -10% · Bottom 25%
Revenue growth 10% · Top 25%
Dividend yield (TTM) 3.5% · Above median

Valuation Multiples vs Publishing median · lower = cheaper

P/S (TTM) 0.04× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE31 · sector 37
FUTURE48 · sector 0
PAST0 · sector 20
HEALTH0 · sector 100
DIVIDEND70 · sector 54

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

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Frequently asked questions

Is Matichon Public Company Limited (MATI) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 3.24 THB versus the last price from Aug 17, 2026 of 3.30 THB, about −2% (fairly valued).
What is the fair value of MATI?
Our model-based fair value for Matichon Public Company Limited is 3.24 THB (as of Aug 13, 2026), built from audited fundamentals. Last price (from Aug 17, 2026): 3.30 THB.
What is the quality score of MATI?
Matichon Public Company Limited has a Quality Score of 42/100. 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 Matichon Public Company Limited (MATI)?
Matichon Public Company Limited reported trailing-twelve-month revenue of about 474M THB (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MATI?
The net profit margin of Matichon Public Company Limited is about -18.8%, 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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