Nutrition SC PCL (NTSC) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Nutrition SC PCL THB 11.79, price THB 7.45, upside +58.2%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
43‑month range 5.16 THB – 30.19 THB · fair‑value band 8.93 THB – 15.46 THB · the 7.45 THB price screens below the 11.79 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Nutrition SC Public Company Limited engages in the trading business of chemical and additives for food, feed, medicines, and cosmetics in Thailand. It operates in Food Additives and Feed Additives segments.
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Nutrition SC Public Company Limited engages in the trading business of chemical and additives for food, feed, medicines, and cosmetics in Thailand. It operates in Food Additives and Feed Additives segments. The company provides food additives, including natural and synthetic colors, sweeteners, flavor enhancers, emulsifiers, stabilizers, thickeners, flavors, gelling agents, dietary fiber, and carrier; tea, dried vegetable and fruit, cocoa, and coffee powders; prebiotics, omega-3 fatty acids, coenzyme Q10, hydrolyzed collagen, millet seeds extract, artichoke leaf extract, phytosterol esters, beta-glucan, amino acids, and vitamins; and starch, such as modified, wheat, potato, and specialized pea starch, as well as wheat gluten. Its products are used in bakery products, beverages, confectioneries, supplements and drugs, meat products, sauce and seasoning, flour and starch, and dairy products, as well as carrier raw materials. The company also provides logo, brand, label, warehousing and logistics, and packaging design, as well as consultancy services. Nutrition SC Public Company Limited was founded in 1981 and is based in Nakhon Pathom, Thailand.
Stock analysis
Nutrition SC PCL (NTSC) currently trades at 7.45 THB, while our model-based Fair Value estimate is 11.79 THB, implying the stock looks roughly 36.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 15.70 THB per share, and 21 of the 26 models we run sit above the 7.45 THB price.
Bear case: the Dividend Discount group reads lowest at 1.70 THB, and 5 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 8.93 THB (bear) to 15.46 THB (bull), the price of 7.45 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 57/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nutrition SC PCL reported revenue of 1.2B THB in FY2025 versus 1.0B THB in FY2021, a compound +3.8%/yr. Reported net income was 120M THB in FY2025, compounding +5.0%/yr from FY2021.
Key figures
Market cap 993M THB (≈ $29.8M) · P/E ratio 8.0 · P/S ratio 0.80 · EPS (TTM) 0.9300 THB · Dividend yield 4.0% · Net margin 9.9% · Return on equity 11.3% · Return on assets (EBIT) 10.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at 58%, NTSC screens cheaper than that median.
Fair Value models
Bear 8.93 THBFair Value 11.79 THBBull 15.46 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.4626 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.Evidence ⓘEvidence = 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.71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.2%
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.
+4.5%
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.
+3.9%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)4.0%
Profit margin 2020 to 2025 ⓘ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.11% → 12%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−12.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −13.1% a year for the price.
Price, fair value, quality and upside side by side.
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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.Specialty Chemicals · 709 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+59% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets7% · Top 25%
Net margin (TTM)10% · Above median
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth−6% · Bottom 25%
Dividend yield (TTM)4.0% · Top 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Is Nutrition SC PCL (NTSC) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.79 THB versus a price of 7.45 THB, about +58% upside (undervalued).
What is the fair value of NTSC?
Our model-based fair value for Nutrition SC PCL is 11.79 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 7.45 THB.
What is the quality score of NTSC?
Nutrition SC PCL has a Quality Score of 57/100. 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 Nutrition SC PCL (NTSC)?
Our model-based price target is the fair value of 11.79 THB (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 8.93 THB, optimistic scenario 15.46 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Nutrition SC PCL stock forecast for 2026?
Our models put fair value at 11.79 THB, about +58% upside versus a price of 7.45 THB (undervalued). Cautious scenario 8.93 THB, optimistic scenario 15.46 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Nutrition SC PCL (NTSC)?
Nutrition SC PCL reported trailing-twelve-month revenue of about 1.2B THB (latest available figure, as of Sep 24, 2026).
Does Nutrition SC PCL pay a dividend?
Nutrition SC PCL currently shows a dividend yield of about 4.03% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Nutrition SC PCL (NTSC)?
For today's price to be fair in a discounted-cash-flow model, Nutrition SC PCL would have to grow free cash flow by -12.1 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NTSC use?
Our models discount Nutrition SC PCL at 10.1 %: a base by market capitalisation (nano), damped by beta 0.23, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nutrition SC PCL that is -12.1 % per year a year over ten years, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Nutrition SC PCL (NTSC) delivered so far?
Over the past 5 years revenue at Nutrition SC PCL grew +3.9 % a year. The price currently implies -12.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nutrition SC PCL (NTSC) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Nutrition SC PCL (-12.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nutrition SC PCL (NTSC)?
The free-cash-flow yield on the price is 10.09 %: that much free cash flow Nutrition SC PCL produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nutrition SC PCL (NTSC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nutrition SC PCL it is 11.79 THB per share (as of Sep 24, 2026), against a price of 7.45 THB. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Nutrition SC PCL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NTSC trades below its calculated fair value: price 7.45 THB, fair value 11.79 THB, a gap of about +58% (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 NTSC?
No. The price is what the market pays today (7.45 THB); the fair value is what the company's own numbers justify (11.79 THB). For Nutrition SC PCL the two are 4.34 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Nutrition SC PCL worth?
The market values Nutrition SC PCL at about 993M THB (market capitalisation, as of Sep 24, 2026). Per share that is 7.45 THB; our models calculate a fair value of 11.79 THB per share.
What do the bullish and bearish scenarios say about NTSC?
Our models span a range for Nutrition SC PCL: cautious scenario 8.93 THB, base 11.79 THB, optimistic 15.46 THB per share (as of Sep 24, 2026, price 7.45 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NTSC?
Nutrition SC PCL trades at a price-to-earnings ratio of 8.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.79 THB is built from several models across several years. Other multiples: P/B 0.9, P/S 0.8, EV/EBITDA 4.0.
How solid is the balance sheet of Nutrition SC PCL (NTSC)?
Balance-sheet figures for Nutrition SC PCL (as of Sep 24, 2026): return on equity 11.3%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is NTSC from its 52-week high?
Nutrition SC PCL trades at 7.45 THB, about 3% below its 52-week high of 7.64 THB and 32% above the low of 5.64 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 11.79 THB is for.
Which stocks are comparable to Nutrition SC PCL?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 Nutrition SC PCL stock attractive at the current price?
The data as of Sep 24, 2026: price 7.45 THB, calculated fair value 11.79 THB (+58%), Quality Score 57/100, from 26 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 NTSC calculated?
We run Nutrition SC PCL through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 11.79 THB, 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 13.0 % above its aggregate fair value. Nutrition SC PCL currently trades 58 % 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 Nutrition SC PCL (NTSC)?
The closing price on Sep 24, 2026 was 7.45 THB. Our model-based fair value is 11.79 THB, about +58% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nutrition SC PCL right now?
The price is below even our cautious bear case (8.93 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 (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Nutrition SC PCL
How large is the market capitalisation of Nutrition SC PCL (NTSC)?
The market capitalisation of Nutrition SC PCL is 993M THB (≈ $29.8M). 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 Nutrition SC PCL (NTSC)?
The price-to-sales ratio of Nutrition SC PCL is 0.80 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nutrition SC PCL (NTSC)?
Earnings per share at Nutrition SC PCL are 0.9300 THB (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nutrition SC PCL (NTSC)?
The dividend yield of Nutrition SC PCL is 4.0% (payout 32.3%). 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 Nutrition SC PCL (NTSC)?
The net margin of Nutrition SC PCL is 9.9% (fiscal year 2025). 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 Nutrition SC PCL (NTSC)?
The return on equity (ROE) of Nutrition SC PCL is 11.3% (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 Nutrition SC PCL (NTSC)?
On an EBIT basis the return on assets of Nutrition SC PCL is 10.0% (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 Nutrition SC PCL (NTSC)?
The operating margin of Nutrition SC PCL is 13.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nutrition SC PCL (NTSC)?
Revenue at Nutrition SC PCL is growing −6.3% versus a year earlier (3y avg +4.5%). 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 Nutrition SC PCL (NTSC)?
Earnings per share at Nutrition SC PCL are growing +14.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Nutrition SC PCL (NTSC) hold?
Nutrition SC PCL holds more cash than debt, 235M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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