N.C. Housing Public Company Limited (NCH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of N.C. Housing Public Company Limited stock THB 1.00, price THB 0.39, upside +156.4%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 0.3700 THB – 1.90 THB · fair‑value band 0.6640 THB – 1.47 THB · the 0.3900 THB price screens below the 1.00 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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N.C. Housing Public Company Limited engages in the real estate development business in Thailand. The company develops single detached houses, duplexes, townhomes, and condominiums.
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It also engages in the land development; contractor and project management business; provision of property management and construction services; intermediate care and wellness business; and rental space in club house and health rehabilitation and senior care center, etc.
The company was incorporated in 1994 and is headquartered in Pathum Thani, Thailand. N.C. Housing Public Company Limited is a subsidiary of NCH 2555 Holding Company Limited.
Stock analysis
N.C. Housing Public Company Limited (NCH) currently trades at 0.3900 THB, while our model-based Fair Value estimate is 1.00 THB, implying the stock looks roughly 61% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 3.97 THB per share, and 7 of the 7 models we run sit above the 0.3900 THB price.
Bear case: the Asset-Based group reads lowest at 1.58 THB, and 0 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.6640 THB (bear) to 1.47 THB (bull), the price of 0.3900 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 56/100 (solid 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.
N.C. Housing Public Company Limited reported revenue of 1.1B THB in FY2025 versus 2.5B THB in FY2021, a compound −18.6%/yr. Reported net income was −128M THB in FY2025.
Key figures
Market cap 486M THB (≈ $14.5M) Micro · P/S ratio 0.47 · EPS (TTM) −0.0900 THB · Net margin −11.0% · Return on equity −4.1% · Return on assets (EBIT) 3.8% (5-year average) · Operating margin −0.9% · Revenue (TTM) 1.1B THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 156%, NCH screens cheaper than that median.
Fair Value models
Bear0.6640 THBFair Value 1.00 THBBull1.47 THB
Price 0.3900 THB · Upside +156.4%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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.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.
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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−12.3%
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.
−25.0%
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.
−9.0%
Start year 2020 (pandemic). Over 10 years: −6.2% a year
Revenue growth 23 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.
−1.7%
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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.
9.5% (2020) → −7.8% (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
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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 · 488 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+156.4% · Top 25%
Profitability
Return on assets−2.7% · Bottom 25%
Net margin (12 months)−11.0% · Bottom 25%
Operating margin (12 months)−0.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)9.8% · Above median
Balance sheet
Debt / equity0.21× · Below 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). "N.C. Housing Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/NCH
Frequently asked questions
Is N.C. Housing Public Company Limited (NCH) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 1.00 THB versus a price of 0.3900 THB, about +156% upside (undervalued).
What is the fair value of NCH?
Our model-based fair value for N.C. Housing Public Company Limited is 1.00 THB (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.3900 THB.
What is the quality score of NCH?
N.C. Housing Public Company Limited 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 price target for N.C. Housing Public Company Limited (NCH)?
Our model-based price target is the fair value of 1.00 THB (as of Nov 3, 2026) from 7 valuation models. Cautious scenario 0.6640 THB, optimistic scenario 1.47 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the N.C. Housing Public Company Limited stock forecast for 2026?
Our models put fair value at 1.00 THB, about +156% upside versus a price of 0.3900 THB (undervalued). Cautious scenario 0.6640 THB, optimistic scenario 1.47 THB. The calculation is refreshed regularly with new filings.
What is the revenue of N.C. Housing Public Company Limited (NCH)?
N.C. Housing Public Company Limited reported trailing-twelve-month revenue of about 1.1B THB (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of N.C. Housing Public Company Limited (NCH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For N.C. Housing Public Company Limited it is 1.00 THB per share (as of Nov 3, 2026), against a price of 0.3900 THB. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is N.C. Housing Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 3, 2026, NCH trades below its calculated fair value: price 0.3900 THB, fair value 1.00 THB, a gap of about +156% (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 NCH?
No. The price is what the market pays today (0.3900 THB); the fair value is what the company's own numbers justify (1.00 THB). For N.C. Housing Public Company Limited the two are 0.6100 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is N.C. Housing Public Company Limited worth?
The market values N.C. Housing Public Company Limited at about 486M THB (market capitalisation, as of Nov 3, 2026). Per share that is 0.3900 THB; our models calculate a fair value of 1.00 THB per share.
What do the bullish and bearish scenarios say about NCH?
Our models span a range for N.C. Housing Public Company Limited: cautious scenario 0.6640 THB, base 1.00 THB, optimistic 1.47 THB per share (as of Nov 3, 2026, price 0.3900 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of N.C. Housing Public Company Limited (NCH)?
Balance-sheet figures for N.C. Housing Public Company Limited (as of Nov 3, 2026): return on equity −4.1%, debt of 0.21 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is NCH from its 52-week high?
N.C. Housing Public Company Limited trades at 0.3900 THB, about 20% below its 52-week high of 0.4900 THB and 5% above the low of 0.3700 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1.00 THB is for.
Which stocks are comparable to N.C. Housing Public Company Limited?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, 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 N.C. Housing Public Company Limited stock attractive at the current price?
The data as of Nov 3, 2026: price 0.3900 THB, calculated fair value 1.00 THB (+156%), Quality Score 56/100, from 7 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 NCH calculated?
We run N.C. Housing Public Company Limited through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 1.00 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. N.C. Housing Public Company Limited currently trades 61% 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 N.C. Housing Public Company Limited (NCH)?
The closing price on Nov 6, 2026 was 0.3900 THB. Our model-based fair value is 1.00 THB, about +156% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with N.C. Housing Public Company Limited right now?
The price is below even our cautious bear case (0.6640 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. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (0.6640 THB to 1.47 THB) leaves room in how you read the outcome.
Key figures of N.C. Housing Public Company Limited
How large is the market capitalisation of N.C. Housing Public Company Limited (NCH)?
The market capitalisation of N.C. Housing Public Company Limited is 486M THB (≈ $14.5M). 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 N.C. Housing Public Company Limited (NCH)?
The price-to-sales ratio of N.C. Housing Public Company Limited is 0.47 (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 N.C. Housing Public Company Limited (NCH)?
Earnings per share at N.C. Housing Public Company Limited are −0.0900 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of N.C. Housing Public Company Limited (NCH)?
The net margin of N.C. Housing 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 N.C. Housing Public Company Limited (NCH)?
The return on equity (ROE) of N.C. Housing Public Company Limited is −4.1% (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 N.C. Housing Public Company Limited (NCH)?
On an EBIT basis the return on assets of N.C. Housing Public Company Limited is 3.8% (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 N.C. Housing Public Company Limited (NCH)?
The operating margin of N.C. Housing Public Company Limited is −0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at N.C. Housing Public Company Limited (NCH)?
Revenue at N.C. Housing Public Company Limited is growing +9.8% versus a year earlier (3y avg −25.0%). 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 N.C. Housing Public Company Limited (NCH)?
Earnings per share at N.C. Housing Public Company Limited are growing −56.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does N.C. Housing Public Company Limited (NCH) generate?
The free cash flow of N.C. Housing Public Company Limited is 426M 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 N.C. Housing Public Company Limited (NCH) carry?
The net debt of N.C. Housing Public Company Limited is 1.1B THB (fiscal year 2025, ≈ 2.7 yrs of FCF). 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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Nov 3, 2026