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Mena Transport Public Company (MENA) Fair Value & Analysis

Industrials · TH · Market cap 543M THB

MT Mena Transport Public Company MENA · BK
Price0.7700 THB
Fair Value1.28 THB
Upside+65.7%
Quality56/100
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Mixed Growth
Thin margins · 7.4% net margin
Low debt · generates free cash flow
2.00% dividend yield
Ranks above peers (11/14)
Narrow moat 37/100
Evidence: High Range 0.9632 THB – 1.60 THB Share as image

Fair value as of: Jul 19, 2026

From 25 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 1.47 THB to 1.28 THB (−13.2%) since Jun 25, 2026. Share price +4.1% over the past month.

A solid business, screening 66% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.9632 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

2.49 THB 0.5900 THB Fair Value 1.28 THB Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 0.5900 THB – 2.49 THB · fair‑value band 0.9632 THB – 1.60 THB · the 0.7700 THB price screens below the 1.28 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Mena Transport Public Company (MENA) currently trades at 0.7700 THB, while our model-based Fair Value estimate is 1.28 THB, implying the stock looks roughly 65.7% undervalued today. The Quality Score stands at 56/100 (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, Mena Transport Public Company generated revenue of 815M THB at a net margin of 7.4%. Revenue declined 4.1% year over year. It earns a return on equity of 6.1%. Net debt stands at 353M THB. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.9632 THB (bear case) to 1.60 THB (bull case); at 0.7700 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 28% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -70% fair-value upside, at 66%, MENA 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.

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 1.12 THB 1.47 THB 1.88 THB 80
Residual Income 1.01 THB 1.03 THB 0.9900 THB 76
Rev-Margin DCF 0.7100 THB 0.9700 THB 1.24 THB 74
All 25 models by family
DCF Models
FCF DCF 1.10 THB 1.49 THB 1.96 THB 38
Owner Earnings 1.24 THB 1.67 THB 2.21 THB 31
5Y Revenue Exit 0.7100 THB 0.9500 THB 1.22 THB 39
5Y EBITDA Exit 1.10 THB 1.64 THB 2.23 THB 41
5Y P/E Exit 1.17 THB 1.76 THB 2.34 THB 38
10Y Revenue Exit 0.8600 THB 1.08 THB 1.35 THB 36
10Y EBITDA Exit 1.09 THB 1.51 THB 2.02 THB 37
10Y P/E Exit 1.13 THB 1.59 THB 2.09 THB 35
Earnings-Based
Graham-Dodd 0.5900 THB 1.42 THB 1.83 THB 54
PEG = 1.0 0.2500 THB 0.3600 THB 0.4600 THB 46
EPV 0.3300 THB 0.3700 THB 0.4100 THB 59
Dividend Discount
Gordon GGM 0.2300 THB 0.3700 THB 0.5100 THB 70
DDM Multi-Stage 0.2300 THB 0.3300 THB 0.4200 THB 61
Multiples
P/E Multiple 1.37 THB 1.82 THB 2.28 THB 63
P/S Multiple 1.11 THB 1.47 THB 1.84 THB 58
P/B Multiple 1.11 THB 1.47 THB 1.84 THB 55
EV/EBIT 0.6500 THB 0.8600 THB 1.07 THB 53
EV/EBITDA 1.26 THB 1.67 THB 2.08 THB 54
EV/Revenue 0.4700 THB 0.6600 THB 0.8500 THB 43
Asset-Based
NCAV (Graham) 0.6700 THB 0.9000 THB 1.34 THB 50
Growth DCF
Growth DCF 1.12 THB 1.47 THB 1.88 THB 80
Rev-Margin DCF 0.7100 THB 0.9700 THB 1.24 THB 74
Economic Profit
Residual Income 1.01 THB 1.03 THB 0.9900 THB 76
ROIC Compounder 0.3300 THB 0.3700 THB 0.4100 THB 72
Growth Earnings
Growth-Adj P/E 1.04 THB 1.49 THB 1.93 THB 68

Widest divergence: DCF Models (1.51 THB) versus Dividend Discount (0.3300 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 814M THB
Revenue growth (YoY) -5.7%
Net margin 7.4%
Return on equity 6.1%
Free cash flow 89.2M THB FY2025
P/E ratio 8.2
More key figures
Operating margin 3.5%
EPS (TTM) 0.0900 THB
Dividend yield 2.0%
EPS growth (YoY) -21.4%
Net debt 353M THB FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 49

Profitability 33
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 27
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.

About the company

Mena Transport Public Company Limited provides concrete transportation services in Thailand. The company operates through three segments: Transportation Services; Concrete Transportation Services; and Sale of Materials, Equipment and Tools for Construction.

Full company description

Mena Transport Public Company Limited provides concrete transportation services in Thailand. The company operates through three segments: Transportation Services; Concrete Transportation Services; and Sale of Materials, Equipment and Tools for Construction. It transports ready-mixed concrete, cement, and bags of cement industrial products, including fly ash, calcium ore, and barium, as well as hazardous materials, consumer products, and temperature-controlled products. It also distributes ready-mixed concrete and construction materials; and sells materials, equipment, and tools used in construction. Mena Transport Public Company Limited was incorporated in 1993 and is headquartered in Sara Buri, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mena Transport Public Company reported revenue of 822M THB in FY2025 versus 561M THB in FY2021, a compound +10.0%/yr. Reported net income was 63.7M THB in FY2025, compounding +18.3%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
822M THB
Latest YoY
−1.4%
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.
+5.7%
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.
+6.3%
Avg. growth/yr (9Y) 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.
+2.8%
Revenue +10.0%/yr
FY21 561M THB
FY22 697M THB
FY23 776M THB
FY24 834M THB
FY25 822M THB
Net income +18.3%/yr
FY21 32.5M THB
FY22 51.2M THB
FY23 71.4M THB
FY24 66.6M THB
FY25 63.7M THB

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Cite: Fair Value Calculator (2026). "Mena Transport Public Company Fair Value". https://www.fairvalue-calculator.com/stock/MENA

Peer Group

Trucking · 46 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 56 · Above median
Fair Value upside +66% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 2% · Below median
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 4% · Above median
Revenue growth -6% · Below median
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Trucking median · lower = cheaper

P/E (TTM) 8.2× · Cheaper than 75% of peers
P/B 0.55× · Cheaper than 75% of peers
P/S (TTM) 0.67× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 12.1× · Pricier 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 100 · sector 7
FUTURE 0 · sector 10
PAST 25 · sector 13
HEALTH 99 · sector 94
DIVIDEND 40 · sector 20

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 Trucking stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Old Dominion Freight Line, Inc ODFL $225.23 $103.37 -54%
XPO, Inc XPO $219.29 $56.52 -74%
TFI International Inc TFII $155.83 $110.79 -29%
Knight-Swift Transportation Holdings KNX $75.19 $8.58 -89%
Saia, Inc SAIA $438.29 $129.64 -70%
Schneider National, Inc SNDR $38.19 $12.37 -68%
RXO, Inc RXO $27.07 $3.48 -87%
ArcBest Corporation ARCB $147.13 $45.89 -69%
Werner Enterprises, Inc WERN $46.04 $8.24 -82%
Dazhong Transportation (Group) Co 600611 ¥4.55 ¥1.20 -74%

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Frequently asked questions

Is Mena Transport Public Company (MENA) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 1.28 THB versus a price of 0.7700 THB, about +66% (undervalued).
What is the fair value of MENA?
Our model-based fair value for Mena Transport Public Company is 1.28 THB (as of Jul 19, 2026), built from audited fundamentals. The current price is 0.7700 THB.
What is the quality score of MENA?
Mena Transport Public Company has a Quality Score of 56/100. 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 Mena Transport Public Company (MENA)?
Mena Transport Public Company reported trailing-twelve-month revenue of about 815M THB (latest available figure, as of Jul 19, 2026).
What is the net profit margin of MENA?
The net profit margin of Mena Transport Public Company is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does Mena Transport Public Company pay a dividend?
Mena Transport Public Company currently shows a dividend yield of about 2.08% relative to its recent price (as of Jul 19, 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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