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NCL International Logistics Public Company (NCL) Fair Value & Analysis

Industrials · TH · Market cap 129M THB

NI NCL International Logistics Public Company NCL · BK
Price0.2000 THB
Fair Value0.0300 THB
Upside-85.0%
Quality95/100
Evidence: Low Range 0.0200 THB – 0.0400 THB

Fair value as of: Jun 26, 2026

From 1 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from 0.1900 THB to 0.0300 THB (−84.2%) since Jun 24, 2026. Share price −5.0% over the past month.

Price vs Fair Value (12 months)

0.4105 THB 0.1368 THB Fair Value 0.0300 THB Jun 2025 Jun 2026

12‑month range 0.1368 THB – 0.4105 THB · fair‑value band 0.0200 THB – 0.0400 THB · the 0.2000 THB price screens above the 0.0300 THB fair value. As of Jun 26, 2026.

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Analysis

NCL International Logistics Public Company (NCL) currently trades at 0.2000 THB, while our model-based Fair Value estimate is 0.0300 THB — implying the stock looks roughly 85.0% overvalued today. We read business quality at 95/100 (high quality), in the Industrials 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, NCL International Logistics Public Company generated revenue of 831M THB at a net margin of -10.4%. Revenue declined 23.0% year over year. Net debt stands at 90.1M THB. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 831M THB
Revenue growth (YoY) -23.0%
Net margin -10.4%
Return on equity -214%
Free cash flow −42.7M THB FY2025
Operating margin -10.3%
More key figures
EPS (TTM) -0.1400 THB
EPS growth (YoY) -86.8%
Net debt 90.1M THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

NCL International Logistics Public Company Limited, together with its subsidiaries, provides freight forwarding in Thailand and internationally. The company operates through four segments: Land Transportation; Freight Forwarder; Non-Vessel Operating Common Carrier; and Services Under Contracts. It offers transport services, such as sea and air freight services; sea freight transport services, including full container load, FCL less than container load, LCL shipper owned container, and SOC; freight transport services by tractor heads and trailer trucks; and services concerning customs formalities and relevant documentation. The company also provides freight related services for imports and exports; digital content support systems through telecommunication channels; produces and sells dialysis solution for kidney disease patients with an artificial kidney; and distributes medical supplies for use in hemodialysis comprising planning, management, and solutions. In addition, it operates …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NCL International Logistics Public Company reported revenue of 860M THB in FY2025 versus 1.9B THB in FY2021, a compound −17.9%/yr. Reported net income was −94.9M THB in FY2025.

Revenue −17.9%/yr
FY21 1.9B THB
FY22 1.9B THB
FY23 688M THB
FY24 686M THB
FY25 860M THB
Net income
FY21 111M THB
FY22 −5.9M THB
FY23 −329M THB
FY24 −269M THB
FY25 −94.9M THB

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Frequently asked questions

Is NCL International Logistics Public Company (NCL) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 0.0300 THB versus a price of 0.2000 THB — about −85% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NCL?
Our 21-model fair value for NCL International Logistics Public Company is 0.0300 THB (as of Jun 26, 2026), built from audited fundamentals. The current price is 0.2000 THB.
What is the quality score of NCL?
NCL International Logistics Public Company has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of NCL International Logistics Public Company (NCL)?
NCL International Logistics Public Company reported trailing-twelve-month revenue of about 831M THB (latest available figure, as of Jun 26, 2026).
What is the net profit margin of NCL?
The net profit margin of NCL International Logistics Public Company is about -10.4%, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.