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Medeze Group (MEDEZE) Fair Value & Analysis

Healthcare · TH · Market cap 7.0B THB

MG Medeze Group MEDEZE · BK
Price6.70 THB
Fair Value2.79 THB
Upside-58.4%
Quality45/100
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Weak Growth
Highly profitable · 21.2% net margin
negative free cash flow
2.48% dividend yield
Trails peers (3/12)
Moderate moat 64/100
Evidence: Medium Range 2.19 THB – 3.16 THB Share as image

Fair value as of: Jul 13, 2026

From 15 valuation models · updated 28 days ago

Share price +1.5% over the past month.

Below-average quality, and screening another 58% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (3.16 THB). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (22 months)

11.63 THB 5.97 THB Fair Value 2.79 THB Oct 2024 Aug 2026

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

How to read this chart

22‑month range 5.97 THB – 11.63 THB · fair‑value band 2.19 THB – 3.16 THB · the 6.70 THB price screens above the 2.79 THB fair value. Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Medeze Group (MEDEZE) currently trades at 6.70 THB, while our model-based Fair Value estimate is 2.79 THB, implying the stock looks roughly 58.4% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Healthcare 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, Medeze Group generated revenue of 776M THB at a net margin of 25.3%. Revenue declined 20.7% year over year. It earns a return on equity of 6.7%. The stock trades on a trailing P/E of 43.6. Fundamentals as of Jul 13, 2026

Our scenario range runs from 2.19 THB (bear case) to 3.16 THB (bull case); at 6.70 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 14% below its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at -58%, MEDEZE 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
Residual Income 2.19 THB 2.30 THB 2.39 THB 76
Gordon GGM 1.40 THB 1.53 THB 1.72 THB 70
Growth-Adj P/E 2.14 THB 3.06 THB 3.97 THB 68
All 15 models by family
DCF Models
Owner Earnings 1.60 THB 1.76 THB 2.04 THB 31
Earnings-Based
Graham-Dodd 1.25 THB 1.53 THB 1.72 THB 54
EPV 2.71 THB 2.96 THB 3.16 THB 59
Dividend Discount
Gordon GGM 1.40 THB 1.53 THB 1.72 THB 70
DDM Multi-Stage 1.40 THB 1.74 THB 2.19 THB 61
Multiples
P/E Multiple 3.03 THB 4.05 THB 5.06 THB 63
P/S Multiple 1.83 THB 2.44 THB 3.05 THB 58
P/B Multiple 2.34 THB 3.13 THB 3.91 THB 55
EV/EBIT 3.90 THB 4.81 THB 5.72 THB 53
EV/EBITDA 3.79 THB 4.66 THB 5.52 THB 54
EV/Revenue 2.64 THB 3.27 THB 3.89 THB 43
Asset-Based
NCAV (Graham) 1.36 THB 1.83 THB 2.73 THB 50
Economic Profit
Residual Income 2.19 THB 2.30 THB 2.39 THB 76
ROIC Compounder 2.71 THB 2.98 THB 3.28 THB 67
Growth Earnings
Growth-Adj P/E 2.14 THB 3.06 THB 3.97 THB 68

Widest divergence: Multiples (3.27 THB) versus Earnings-Based (1.53 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 736M THB
Revenue growth (YoY) -18.8%
Net margin 21.2%
Return on equity 5.2%
Free cash flow −17.1M THB FY2025
P/E ratio 47.1
More key figures
Operating margin 30.2%
EPS (TTM) 0.1400 THB
Dividend yield 2.5%
EPS growth (YoY) -54.0%

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 47 · Market factors (momentum, volatility) 46

Profitability 43
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 80
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

Medeze Group Public Company Limited engages in collection and storage of stem cells for use in medication in Thailand, Vietnam, Cambodia, Philippines, and internationally. The company operates through four segments: Stem Cells; Natural Killer Cells; Others; and Sales of Products.

Full company description

Medeze Group Public Company Limited engages in collection and storage of stem cells for use in medication in Thailand, Vietnam, Cambodia, Philippines, and internationally. The company operates through four segments: Stem Cells; Natural Killer Cells; Others; and Sales of Products. It also provides sorting, cultivation, and development of stem cells; testing services to test the performance and count the number of natural killer cells. In addition, the company is involved in research, develops, and collects data on all types of human cellular activities and medical laboratory tests. Further, the company sells dietary supplements, cosmetics, and dermo cosmetics. Medeze Group Public Company Limited was founded in 2010 and is based in Nakhon Pathom, Thailand.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

Medeze Group reported revenue of 744M THB in FY2025 versus 702M THB in FY2023, a compound +2.9%/yr. Reported net income was 196M THB in FY2025, compounding −9.5%/yr from FY2023.

Growth Quality 13/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
744M THB
Latest YoY
−10.3%
Revenue +2.9%/yr
FY23 702M THB
FY24 829M THB
FY25 744M THB
Net income −9.5%/yr
FY23 240M THB
FY24 339M THB
FY25 196M THB

MEDEZE screens 58% overvalued. Compare with HCA Healthcare, Inc →

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Cite: Fair Value Calculator (2026). "Medeze Group Fair Value". https://www.fairvalue-calculator.com/stock/MEDEZE

Peer Group

Medical Care Facilities · 261 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 45 · Below median
Fair Value upside −58% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Below median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 30% · Top 25%
Revenue growth -19% · Bottom 25%
Dividend yield (TTM) 2.5% · Above median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 47.1× · Pricier than 75% of peers
P/B 2.42× · Pricier than median
P/S (TTM) 9.58× · Pricier than 75% of peers
EV/EBITDA 26.1× · Pricier 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.

VALUE 0 · sector 23
FUTURE 0 · sector 24
PAST 21 · sector 30
HEALTH 0 · sector 90
DIVIDEND 50 · sector 38

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 Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.58 SGD 1.44 SGD -44%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

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Frequently asked questions

Is Medeze Group (MEDEZE) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 2.79 THB versus a price of 6.70 THB, about −58% (overvalued).
What is the fair value of MEDEZE?
Our model-based fair value for Medeze Group is 2.79 THB (as of Jul 13, 2026), built from audited fundamentals. The current price is 6.70 THB.
What is the quality score of MEDEZE?
Medeze Group has a Quality Score of 45/100. 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 Medeze Group (MEDEZE)?
Medeze Group reported trailing-twelve-month revenue of about 776M THB (latest available figure, as of Jul 13, 2026).
What is the net profit margin of MEDEZE?
The net profit margin of Medeze Group is about 25.3%, meaning it keeps roughly 25.3% of revenue as net income. Based on the latest reported figures.
Does Medeze Group pay a dividend?
Medeze Group currently shows a dividend yield of about 2.60% relative to its recent price (as of Jul 13, 2026).

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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