M.K. Real Estate Development Public Company Limited (MK) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of M.K. Real Estate Development Public Company Limited THB 1.11, price THB 0.52, upside +112.5%, quality 22 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 0.4100 THB – 3.21 THB · fair‑value band 0.8254 THB – 1.65 THB · the 0.5200 THB price screens below the 1.11 THB fair value. Dashed = 300-day average. As of Sep 24, 2026.
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M.K. Real Estate Development Public Company Limited, together with its subsidiaries, engages in the property development business in Thailand. It operates through four segments: Real Estate; Rental Warehouse, Factory and Others; Property Management; and Health and Wellness Center.
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M.K. Real Estate Development Public Company Limited, together with its subsidiaries, engages in the property development business in Thailand. It operates through four segments: Real Estate; Rental Warehouse, Factory and Others; Property Management; and Health and Wellness Center. The company develops and sells land, detached houses, twin houses, townhomes, and condominiums. The company was founded in 1956 and is based in Bangkok, Thailand.
Stock analysis
M.K. Real Estate Development Public Company Limited (MK) currently trades at 0.5200 THB, while our model-based Fair Value estimate is 1.11 THB, implying the stock looks roughly 52.9% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 94/100, which puts the evidence level at low.
Scenario range: 0.8254 THB (bear) to 1.65 THB (bull), the price of 0.5200 THB sits below 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 22/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
M.K. Real Estate Development Public Company Limited reported revenue of 1.2B THB in FY2025 versus 2.9B THB in FY2021, a compound −20.6%/yr. Reported net income was −465M THB in FY2025.
Key figures
Market cap 883M THB (≈ $26.4M) · P/S ratio 0.76 · EPS (TTM) −0.3500 THB · Net margin −39.7% · Return on equity −9.9% · Return on assets (EBIT) −0.8% · Operating margin −19.1% · Revenue (TTM) 1.2B THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 113%, MK screens cheaper than that median.
Fair Value models
Bear 0.8254 THBFair Value 1.11 THBBull 1.65 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.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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−19.1%
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.
−20.2%
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.
−17.5%
Start year 2020 (pandemic). Over 10 years: −11.0% a year
Revenue growth 25 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.
+3.2%
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Profit margin (trend) ⓘ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.
2.9% (2020) → −16.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare M.K. Real Estate Development Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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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.Real Estate - Development · 577 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score23 · Bottom 25%
Fair Value upside+113% · Top 25%
Profitability
Return on assets0% · Below median
Net margin (TTM)−42% · Bottom 25%
Operating margin (TTM)−19% · Bottom 25%
Growth and dividend
Revenue growth−34% · Below median
Balance sheet
Debt / equity0.58× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "M.K. Real Estate Development Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/MK
Frequently asked questions
Is M.K. Real Estate Development Public Company Limited (MK) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1.11 THB versus a price of 0.5200 THB, about +113% upside (undervalued).
What is the fair value of MK?
Our model-based fair value for M.K. Real Estate Development Public Company Limited is 1.11 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.5200 THB.
What is the quality score of MK?
M.K. Real Estate Development Public Company Limited has a Quality Score of 22/100. 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 M.K. Real Estate Development Public Company Limited (MK)?
Our model-based price target is the fair value of 1.11 THB (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 0.8254 THB, optimistic scenario 1.65 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the M.K. Real Estate Development Public Company Limited stock forecast for 2026?
Our models put fair value at 1.11 THB, about +113% upside versus a price of 0.5200 THB (undervalued). Cautious scenario 0.8254 THB, optimistic scenario 1.65 THB. The calculation is refreshed regularly with new filings.
What is the revenue of M.K. Real Estate Development Public Company Limited (MK)?
M.K. Real Estate Development Public Company Limited reported trailing-twelve-month revenue of about 1.2B THB (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of M.K. Real Estate Development Public Company Limited (MK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For M.K. Real Estate Development Public Company Limited it is 1.11 THB per share (as of Sep 24, 2026), against a price of 0.5200 THB. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is M.K. Real Estate Development Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MK trades below its calculated fair value: price 0.5200 THB, fair value 1.11 THB, a gap of about +113% (undervalued). 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 MK?
No. The price is what the market pays today (0.5200 THB); the fair value is what the company's own numbers justify (1.11 THB). For M.K. Real Estate Development Public Company Limited the two are 0.5850 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is M.K. Real Estate Development Public Company Limited worth?
The market values M.K. Real Estate Development Public Company Limited at about 883M THB (market capitalisation, as of Sep 24, 2026). Per share that is 0.5200 THB; our models calculate a fair value of 1.11 THB per share.
What do the bullish and bearish scenarios say about MK?
Our models span a range for M.K. Real Estate Development Public Company Limited: cautious scenario 0.8254 THB, base 1.11 THB, optimistic 1.65 THB per share (as of Sep 24, 2026, price 0.5200 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of MK?
The PEG ratio of M.K. Real Estate Development Public Company Limited is 0.20 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of M.K. Real Estate Development Public Company Limited (MK)?
Balance-sheet figures for M.K. Real Estate Development Public Company Limited (as of Sep 24, 2026): return on equity −9.9%, debt of 0.58 per unit of equity. They feed the Quality Score of 22/100, which measures business quality independently of the share price.
How far is MK from its 52-week high?
M.K. Real Estate Development Public Company Limited trades at 0.5200 THB, about 46% below its 52-week high of 0.9600 THB and 27% above the low of 0.4100 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 1.11 THB is for.
Which stocks are comparable to M.K. Real Estate Development Public Company Limited?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 M.K. Real Estate Development Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 0.5200 THB, calculated fair value 1.11 THB (+113%), Quality Score 22/100, from 2 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 MK calculated?
We run M.K. Real Estate Development Public Company Limited through 2 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 1.11 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 13.0 % above its aggregate fair value. M.K. Real Estate Development Public Company Limited currently trades 113 % below its own fair value, and the market average says nothing about that. 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 M.K. Real Estate Development Public Company Limited (MK)?
The closing price on Sep 24, 2026 was 0.5200 THB. Our model-based fair value is 1.11 THB, about +113% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with M.K. Real Estate Development Public Company Limited right now?
The large discount to fair value meets weak quality (22/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.8254 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.8254 THB to 1.65 THB) leaves room in how you read the outcome.
Key figures of M.K. Real Estate Development Public Company Limited
How large is the market capitalisation of M.K. Real Estate Development Public Company Limited (MK)?
The market capitalisation of M.K. Real Estate Development Public Company Limited is 883M THB (≈ $26.4M). 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 M.K. Real Estate Development Public Company Limited (MK)?
The price-to-sales ratio of M.K. Real Estate Development Public Company Limited is 0.76 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of M.K. Real Estate Development Public Company Limited (MK)?
Earnings per share at M.K. Real Estate Development Public Company Limited are −0.3500 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of M.K. Real Estate Development Public Company Limited (MK)?
The net margin of M.K. Real Estate Development Public Company Limited is −39.7% (fiscal year 2025). 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 M.K. Real Estate Development Public Company Limited (MK)?
The return on equity (ROE) of M.K. Real Estate Development Public Company Limited is −9.9% (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 M.K. Real Estate Development Public Company Limited (MK)?
On an EBIT basis the return on assets of M.K. Real Estate Development Public Company Limited is −0.8% (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 M.K. Real Estate Development Public Company Limited (MK)?
The operating margin of M.K. Real Estate Development Public Company Limited is −19.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at M.K. Real Estate Development Public Company Limited (MK)?
Revenue at M.K. Real Estate Development Public Company Limited is growing −34.4% versus a year earlier (3y avg −20.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does M.K. Real Estate Development Public Company Limited (MK) generate?
The free cash flow of M.K. Real Estate Development Public Company Limited is −538M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does M.K. Real Estate Development Public Company Limited (MK) carry?
The net debt of M.K. Real Estate Development Public Company Limited is 8.8B THB (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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