NR Instant Produce Public Company Limited (NRF) Fair Value & Analysis
Consumer Defensive · TH · Market cap 376M THB (≈ $11.4M) · ISIN TH9882010001
Strengths
Risks
Fair value as of: Jul 16, 2026
From 1 valuation models · updated 45 days ago
Fair value updated Jul 16, 2026, revised from 3.30 THB to 0.4000 THB (−87.9%) since Jun 24, 2026.
Below-average quality, trading 42% below our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large discount to fair value meets weak quality (30/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (0.3000 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.
- A fairly wide model range (0.3000 THB to 0.6000 THB) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 0.1900 THB – 10.88 THB · fair‑value band 0.3000 THB – 0.6000 THB · the 0.2300 THB price screens below the 0.4000 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
NR Instant Produce Public Company Limited (NRF) currently trades at 0.2300 THB, while our model-based Fair Value estimate is 0.4000 THB, implying the stock looks roughly 73.9% undervalued today. The Quality Score stands at 30/100 (below-average quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, NR Instant Produce Public Company Limited generated revenue of 2.9B THB at a net margin of -15.6%. Revenue declined 24.2% year over year. It earns a return on equity of -30.0%. Net debt stands at 2.2B THB. Fundamentals as of Jul 16, 2026
Our scenario range runs from 0.3000 THB (bear case) to 0.6000 THB (bull case); at 0.2300 THB, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 71% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -25% fair-value upside, at 74%, NRF screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 28 · Market factors (momentum, volatility) 23
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
NR Instant Produce Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of food products in Thailand, the Americas, Europe, Asia, and internationally.
Full company description
NR Instant Produce Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of food products in Thailand, the Americas, Europe, Asia, and internationally. It offers ethnic foods, such as soup powder, chili paste, crab and shrimp paste, meal kits, instant noodles, pasta, frozen food, dipping and cooking sauce, spices and condiment; and pasteurized juices and dry vegetables, as well as instant beverage, including coffee and tea. The company also provides plant-based products comprising ready-to-eat meals, eggplant for sushi, dry and flavored jackfruit meat, noodles, sauces, meats, fresh drink, and fresh konjac noodles. In addition, it is involved in the distribution of alcohol gel, and glue; with other food and non-food products such as honey, chocolate, jam, sauces, moisturizer, serum, sunscreen, liquid and powder medicines, and supplements in V-shapes packaging. Further, the company engages in the investment management activities; investment in ecommerce business; manufacture, import, and export of instant foods; manufacture and distribution of pet foods; retail sale of Asian foods; and content management services. It sells its products under the Por Kwan, Sabzu, Lee brand, Thai Delight, De De, Fluid, and V-Shapes brands. NR Instant Produce Public Company Limited was incorporated in 1991 and is headquartered in Samut Sakhon, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
NR Instant Produce Public Company Limited reported revenue of 3.0B THB in FY2025 versus 2.1B THB in FY2021, a compound +9.3%/yr. Reported net income was −607M THB in FY2025.
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Peer Group
Packaged Foods · 672 stocks
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.
Valuation Multiples vs Packaged Foods median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nestlé S.A NESN | CHF 78.62 | CHF 57.26 | -27% |
| Danone S.A BN | €64.70 | €48.41 | -25% |
| Nestlé India Limited NESTLEIND | ₹1,478 | ₹251.94 | -83% |
| The Kraft Heinz Company KHC | $25.13 | $24.59 | -2% |
| Foshan Haitian Flavouring and Food Company 603288 | ¥35.05 | ¥21.93 | -37% |
| Inner Mongolia Yili Industrial Group 600887 | ¥25.51 | ¥32.50 | +27% |
| Yihai Kerry Arawana Holdings 300999 | ¥25.28 | ¥9.89 | -61% |
| General Mills, Inc GIS | $40.44 | $28.32 | -30% |
| Wilmar International Limited F34 | 3.64 SGD | 3.89 SGD | +7% |
| McCormick & Company MKCV | $55.65 | $43.29 | -22% |
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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.
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