More Return Public Company (MORE) Fair Value & Analysis
Utilities · TH · Market cap 359M THB
Fair value as of: Jun 26, 2026
From 4 valuation models · updated 3 days ago
Fair value updated Jun 26, 2026 — revised from 0.5000 THB to 0.0350 THB (−93.0%) since Jun 24, 2026. Share price −16.7% over the past month.
Price vs Fair Value (12 months)
12‑month range 0.0200 THB – 0.0600 THB · fair‑value band 0.0300 THB – 0.0500 THB · the 0.0500 THB price screens above the 0.0350 THB fair value. As of Jun 26, 2026.
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More Return Public Company (MORE) currently trades at 0.0500 THB, while our model-based Fair Value estimate is 0.0350 THB — implying the stock looks roughly 30.0% overvalued today. We read business quality at 80/100 (high quality), in the Utilities 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, More Return Public Company generated revenue of 104M THB at a net margin of 3.2%. Revenue grew 7.0% year over year. It earns a return on equity of 0.7%. The balance sheet holds a net cash position of 33.1M THB. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
More Return Public Company Limited, together with its subsidiaries, provides sales of goods and services primarily in Thailand. The company operates through three segments: Service, The Utilities, and Trading. The service segment engages in consulting and organizing concerts. Its utilities segment is responsible for producing and selling treated water. The Trading segment engages in selling mosquito repellent spray products. It also provides public utilities such as production and distribution of tap water, and installation of a water supply system; real estate development, property development, and entertainment activities; as well as consulting services. The company was formerly known as DNA 2002 Public Company Limited and changed its name to More Return Public Company Limited in February 2019. More Return Public Company Limited was incorporated in 2003 and is headquartered in Bangkok, Thailand.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
More Return Public Company reported revenue of 73.0M THB in FY2025 versus 128M THB in FY2021, a compound −13.1%/yr. Reported net income was −912K THB in FY2025.
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6 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
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| American Water Works Company A1WK34 | R$162.17 | R$16.45 | -90% |
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| SBSP3 SBSP3 | R$27.34 | R$27.16 | -1% |
| United Utilities Group UUGRY | $34.94 | $29.62 | -15% |
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Frequently asked questions
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.