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Mud & Hound Public Company (MUD) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 969M THB

MH Mud & Hound Public Company MUD · BK
Price0.9200 THB
Fair Value0.6200 THB
Upside-32.6%
Quality43/100
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Evidence: Medium Range 0.6200 THB – 1.42 THB

Fair value as of: Jul 17, 2026

From 10 valuation models · updated today

Share price +31.4% over the past month.

Price vs Fair Value (12 months)

1.19 THB 0.3900 THB Fair Value 0.6200 THB May 2025 Jul 2026

12‑month range 0.3900 THB – 1.19 THB · fair‑value band 0.6200 THB – 1.42 THB · the 0.9200 THB price screens above the 0.6200 THB fair value. As of Jul 17, 2026.

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Analysis

Mud & Hound Public Company (MUD) currently trades at 0.9200 THB, while our model-based Fair Value estimate is 0.6200 THB, implying the stock looks roughly 32.6% overvalued today. We read business quality at 43/100 (below-average quality), in the Consumer Cyclical 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, Mud & Hound Public Company generated revenue of 2.3B THB at a net margin of -32.9%. Revenue declined 17.2% year over year. It earns a return on equity of -60.8%. Net debt stands at 2.1B THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.6200 THB (bear case) to 1.42 THB (bull case); at 0.9200 THB, the current price sits within that range. The share trades about 23% below its 52-week high and 156% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -33%, MUD screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 2.3B THB
Revenue growth (YoY) -17.2%
Net margin -32.9%
Return on equity -60.8%
Free cash flow 220M THB FY2025
Operating margin -19.0%
More key figures
EPS (TTM) -0.7200 THB
EPS growth (YoY) +320%
Net debt 2.1B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 17, 2026. TTM = trailing twelve months.

About the company

Mud & Hound Public Company Limited, an investment holding company, engages in the retail of food and beverages in Thailand and internationally. The company operates in two segments, Food and Beverage, and Garment. The Food and Beverage segment produces and distributes snacks and drinks, as well as operates restaurants. The Garment segment produces and distributes clothing and leather work products. It operates as an authorized franchisee for Au Bon Pain bakery café and Dunkin' Donuts; and owns brands, such as Greyhound Café, Greyhound Original, M Kitchen, Le Grand Véfour, and Another Hound Café. In addition, the company provides management services. The company was formerly known as Mudman Public Company Limited and changed its name to Mud & Hound Public Company Limited in June 2021. The company was incorporated in 2006 and is based in Bangkok, Thailand. Mud & Hound Public Company Limited operates as a subsidiary of Sub Sri Thai Public Company Limited.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mud & Hound Public Company reported revenue of 2.3B THB in FY2025 versus 2.2B THB in FY2021, a compound +1.8%/yr. Reported net income was −672M THB in FY2025.

Revenue +1.8%/yr
FY21 2.2B THB
FY22 3.1B THB
FY23 3.4B THB
FY24 3.0B THB
FY25 2.3B THB
Net income
FY21 −111M THB
FY22 3.7M THB
FY23 −12.1M THB
FY24 −306M THB
FY25 −672M THB

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Cite: Fair Value Calculator (2026). "Mud & Hound Public Company Fair Value". https://www.fairvalue-calculator.com/stock/MUD

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Frequently asked questions

Is Mud & Hound Public Company (MUD) undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.6200 THB versus a price of 0.9200 THB, about −33% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MUD?
Our model-based fair value for Mud & Hound Public Company is 0.6200 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.9200 THB.
What is the quality score of MUD?
Mud & Hound Public Company has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mud & Hound Public Company (MUD)?
Mud & Hound Public Company reported trailing-twelve-month revenue of about 2.3B THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MUD?
The net profit margin of Mud & Hound Public Company is about -32.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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