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M P J Logistics Public Company Limited (MPJ) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of M P J Logistics Public Company Limited stock THB 4.10, price THB 4.56, that is 10.1% below the price, quality 44 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials TH

MP M P J Logistics Public Company Limited logo Thin data Nov 7, 2026

M P J Logistics Public Company Limited

MPJ · BK
Expensive, weak quality

Our calculation puts a fair price 10% below what the stock costs today.

Solidly profitable · 11.0% net margin (TTM)
Low debt
Ranks above peers (9/13)
Last quarter vs. a year ago: revenue +20%, profit +69%.
Quality 44/100
Expensive Growth (revenue 3y +457.7 %/yr in THB)
7.5% dividend yield · Watch coverage
Moderate moat 58/100 · thin data
Fair value 4.10 THB · Overvalued
Negative free cash flow
Thin data
⟳ Cyclical
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What runs behind every stock

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

Price vs Fair Value

4.56 THB 2.03 THB Fair Value 4.10 THB Nov 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

24‑month range 2.03 THB – 4.56 THB · fair‑value band 3.42 THB – 5.33 THB · the 4.56 THB price screens above the 4.10 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

MPJ Logistics Public Company Limited, together with its subsidiaries, provides inland transportation and delivery services in Thailand. It engages in transportation; container depot; warehouse rental; and freight forwarder service businesses.

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The company was founded in 2008 and is headquartered in Chonburi, Thailand.

Stock analysis

M P J Logistics Public Company Limited (MPJ) currently trades at 4.56 THB, while our model-based Fair Value estimate is 4.10 THB, 10% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 10.57 THB per share, and 8 of the 16 models we run sit above the 4.56 THB price.

Bear case: the Asset-Based group reads lowest at 2.47 THB, and 8 of the 16 models stay below the price. Data coverage for this calculation is low.

Scenario range: 3.42 THB (bear) to 5.33 THB (bull), the price of 4.56 THB sits inside 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 44/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

M P J Logistics Public Company Limited reported revenue of 1.1B THB in FY2025 versus 5.7M THB in FY2021, a compound +271.3%/yr. Reported net income was 111M THB in FY2025, compounding +350.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 912M THB (≈ $27.3M) Micro · P/E ratio 7.4 · P/S ratio 0.80 · EPS (TTM) 0.6200 THB · Dividend yield 7.5% · Net margin 11.0% · Return on equity 17.5% · Return on assets (EBIT) 6.3% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 47% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −10%, MPJ screens cheaper than that median.

Fair Value models

Bear 3.42 THB Fair Value 4.10 THB Bull 5.33 THB
Price 4.56 THB · Downside -10.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.2401 THB per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
Residual Income 3.42 THB 4.04 THB 5.31 THB 73
EPV 2.80 THB 3.18 THB 3.50 THB 71
ROIC Compounder 2.80 THB 3.18 THB 3.50 THB 69
All 16 models by family
Earnings-Based
Graham-Dodd 3.76 THB 12.61 THB 16.89 THB 62
Lynch FV 2.87 THB 4.10 THB 5.33 THB 58
PEG = 1.0 2.87 THB 4.10 THB 5.33 THB 55
EPV 2.80 THB 3.18 THB 3.50 THB 71
Dividend Discount
Gordon GGM 2.23 THB 3.90 THB 5.24 THB 65
DDM Multi-Stage 2.23 THB 3.54 THB 4.18 THB 64
Multiples
P/E Multiple 8.72 THB 11.63 THB 14.53 THB 63
P/S Multiple 7.06 THB 9.41 THB 11.76 THB 58
P/B Multiple 12.44 THB 16.58 THB 20.73 THB 55
EV/EBIT 6.05 THB 8.13 THB 10.21 THB 66
EV/EBITDA 7.31 THB 9.81 THB 12.31 THB 67
EV/Revenue 4.26 THB 6.17 THB 8.08 THB 53
Asset-Based
NCAV (Graham) 1.84 THB 2.47 THB 3.68 THB 54
Economic Profit
Residual Income 3.42 THB 4.04 THB 5.31 THB 73
ROIC Compounder 2.80 THB 3.18 THB 3.50 THB 69
Growth Earnings
Growth-Adj P/E 7.40 THB 10.57 THB 13.74 THB 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 44/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 49
How much profit the company makes from its sales and capital
Quality Growth 42
Are margins and returns getting better?
Cashflow 29
Do the profits arrive as real cash?
Financial strength 53
Debt, balance sheet and risk of trouble
Investment 1
Does it invest with discipline instead of growing at any price?
Low Volatility 88
How calm the share price moves, does not count
Price momentum 71
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 87
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.5%
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.
+457.7%
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.
19.1% (2021) → 9.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed

MPJ screens overvalued: fair value 10% below the price. Compare with United Parcel Service, Inc →

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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.Integrated Freight & Logistics · 210 stocks

Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 44 · Bottom 25%
Fair Value upside −10.1% · Below median
Profitability
Return on equity (12 months) 17.5% · Top 25%
Return on assets 7.9% · Top 25%
Net margin (12 months) 11.0% · Top 25%
Operating margin (12 months) 15.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 20.4% · Top 25%
Dividend yield (12 months) 7.5% · Top 25%
Balance sheet
Debt / equity 0.12× · Above median

Valuation Multiplesvs Integrated Freight & Logistics median · lower = cheaper

P/E (12 months) 7.4× · Cheapest 25%
P/B 1.24× · Cheaper than median
P/S (12 months) 0.80× · Pricier than median
EV/EBITDA 6.6× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)20 · sector 46
FUTURE (revenue growth)100 · sector 45
PAST (return on equity)70 · sector 32
HEALTH (low debt)94 · sector 94
DIVIDEND (yield)100 · sector 64

Context: sector, industry, market

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

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
S.F. Holding 002352 ¥34.54 ¥45.60 +32% vs MPJ
FedEx Corporation FDX $308.14 $350.86 +14% vs MPJ
United Parcel Service, Inc UPS $108.30 $107.24 −1% vs MPJ
Deutsche Post AG DHL €58.02 €53.62 −8% vs MPJ
Expeditors International of Washington, Inc EXPD $184.61 $117.46 −36% vs MPJ
Kuehne + Nagel International AG KNIN CHF 235.50 CHF 147.92 −37% vs MPJ
J.B. Hunt Transport Services, Inc JBHT $217.55 $133.78 −39% vs MPJ
Poste Italiane S.p.A PST €24.52 €14.76 −40% vs MPJ
DSV A/S DSV kr 1,470 kr 711.95 −52% vs MPJ
FedEx Freight Holding FDXF $123.56 $54.55 −56% vs MPJ

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M P J Logistics Public Company Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "M P J Logistics Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/MPJ

Frequently asked questions

Is M P J Logistics Public Company Limited (MPJ) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 4.10 THB versus a price of 4.56 THB, about 10% lower (overvalued).
What is the fair value of MPJ?
Our model-based fair value for M P J Logistics Public Company Limited is 4.10 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 4.56 THB.
What is the quality score of MPJ?
M P J Logistics Public Company Limited has a Quality Score of 44/100. 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 P J Logistics Public Company Limited (MPJ)?
Our model-based price target is the fair value of 4.10 THB (as of Nov 7, 2026) from 16 valuation models. Cautious scenario 3.42 THB, optimistic scenario 5.33 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the M P J Logistics Public Company Limited stock forecast for 2026?
Our models put fair value at 4.10 THB, about 10% lower versus a price of 4.56 THB (overvalued). Cautious scenario 3.42 THB, optimistic scenario 5.33 THB. The calculation is refreshed regularly with new filings.
What is the revenue of M P J Logistics Public Company Limited (MPJ)?
M P J Logistics Public Company Limited reported trailing-twelve-month revenue of about 1.1B THB (latest available figure, as of Nov 7, 2026).
Does M P J Logistics Public Company Limited pay a dividend?
M P J Logistics Public Company Limited currently shows a dividend yield of 7.46% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of M P J Logistics Public Company Limited (MPJ) and when is the ex-dividend date?
M P J Logistics Public Company Limited pays a dividend of 0.34 THB per share a year, a dividend yield of 7.5%. The last ex-dividend date was Apr 28, 2026. The payout ratio is 54.8% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of M P J Logistics Public Company Limited (MPJ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For M P J Logistics Public Company Limited it is 4.10 THB per share (as of Nov 7, 2026), against a price of 4.56 THB. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is M P J Logistics Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MPJ trades above its calculated fair value: price 4.56 THB, fair value 4.10 THB, a gap of about −10% (overvalued). 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 MPJ?
No. The price is what the market pays today (4.56 THB); the fair value is what the company's own numbers justify (4.10 THB). For M P J Logistics Public Company Limited the two are 0.4600 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is M P J Logistics Public Company Limited worth?
The market values M P J Logistics Public Company Limited at about 912M THB (market capitalisation, as of Nov 7, 2026). Per share that is 4.56 THB; our models calculate a fair value of 4.10 THB per share.
What do the bullish and bearish scenarios say about MPJ?
Our models span a range for M P J Logistics Public Company Limited: cautious scenario 3.42 THB, base 4.10 THB, optimistic 5.33 THB per share (as of Nov 7, 2026, price 4.56 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MPJ?
M P J Logistics Public Company Limited trades at a price-to-earnings ratio of 7.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4.10 THB is built from several models across several years. Other multiples: P/B 1.2, P/S 0.8, EV/EBITDA 6.6.
How solid is the balance sheet of M P J Logistics Public Company Limited (MPJ)?
Balance-sheet figures for M P J Logistics Public Company Limited (as of Nov 7, 2026): return on equity 17.5%, debt of 0.12 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is MPJ from its 52-week high?
M P J Logistics Public Company Limited trades at 4.56 THB, at its 52-week high of 4.56 THB and 47% above the low of 3.11 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4.10 THB is for.
Which stocks are comparable to M P J Logistics Public Company Limited?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, 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 P J Logistics Public Company Limited stock attractive at the current price?
The data as of Nov 7, 2026: price 4.56 THB, calculated fair value 4.10 THB (−10%), Quality Score 44/100, from 16 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 MPJ calculated?
We run M P J Logistics Public Company Limited through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 4.10 THB builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. M P J Logistics Public Company Limited itself currently trades above fair value. 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 P J Logistics Public Company Limited (MPJ)?
The closing price on Nov 6, 2026 was 4.56 THB. Our model-based fair value is 4.10 THB, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with M P J Logistics Public Company Limited right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of M P J Logistics Public Company Limited

How large is the market capitalisation of M P J Logistics Public Company Limited (MPJ)?
The market capitalisation of M P J Logistics Public Company Limited is 912M THB (≈ $27.3M). 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 P J Logistics Public Company Limited (MPJ)?
The price-to-sales ratio of M P J Logistics Public Company Limited is 0.80 (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 P J Logistics Public Company Limited (MPJ)?
Earnings per share at M P J Logistics Public Company Limited are 0.6200 THB (price ÷ EPS = P/E 7.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of M P J Logistics Public Company Limited (MPJ)?
The dividend yield of M P J Logistics Public Company Limited is 7.5% (payout 54.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of M P J Logistics Public Company Limited (MPJ)?
The net margin of M P J Logistics Public Company Limited is 11.0% (last twelve months). 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 P J Logistics Public Company Limited (MPJ)?
The return on equity (ROE) of M P J Logistics Public Company Limited is 17.5% (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 P J Logistics Public Company Limited (MPJ)?
On an EBIT basis the return on assets of M P J Logistics Public Company Limited is 6.3% (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 P J Logistics Public Company Limited (MPJ)?
The operating margin of M P J Logistics Public Company Limited is 15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at M P J Logistics Public Company Limited (MPJ)?
Revenue at M P J Logistics Public Company Limited is growing +20.4% versus a year earlier (3y avg +458%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at M P J Logistics Public Company Limited (MPJ)?
Earnings per share at M P J Logistics Public Company Limited are growing +69.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does M P J Logistics Public Company Limited (MPJ) generate?
The free cash flow of M P J Logistics Public Company Limited is −55.4M 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 P J Logistics Public Company Limited (MPJ) carry?
The net debt of M P J Logistics Public Company Limited is 39.1M 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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