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Osotspa Public Company (OSP) Fair Value & Analysis

Consumer Defensive · TH · Market cap 52.3B THB

OP Osotspa Public Company OSP · BK
Price17.60 THB
Fair Value22.39 THB
Upside+27.2%
Quality82/100
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Weak Growth
Solidly profitable · 14.2% net margin
Low debt · generates free cash flow
4.60% dividend yield
Ranks above peers (10/15)
Wide moat 67/100
Evidence: High Range 17.00 THB – 27.78 THB Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Share price +1.7% over the past month.

A strong business, screening 27% undervalued on our models.

What matters now

  • The rarer combination: high quality (82/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • Our model range runs from 17.00 THB (bear) to 27.78 THB (bull), base 22.39 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 82/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

31.49 THB 12.31 THB Fair Value 22.39 THB Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 12.31 THB – 31.49 THB · fair‑value band 17.00 THB – 27.78 THB · the 17.60 THB price screens below the 22.39 THB fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Osotspa Public Company (OSP) currently trades at 17.60 THB, while our model-based Fair Value estimate is 22.39 THB, implying the stock looks roughly 27.2% undervalued today. The Quality Score stands at 82/100 (high 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: high), always confirm before acting.

Over the trailing twelve months, Osotspa Public Company generated revenue of 24.8B THB at a net margin of 14.4%. Revenue declined 6.0% year over year. It earns a return on equity of 21.8%. The balance sheet holds a net cash position of 2.5B THB. Fundamentals as of Aug 13, 2026

Our scenario range runs from 17.00 THB (bear case) to 27.78 THB (bull case); at 17.60 THB, the current price sits within 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 7% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -22% fair-value upside, at 27%, OSP 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.

Model 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
Highest evidence
Growth DCF 21.41 THB 28.83 THB 41.53 THB 80
Residual Income 7.66 THB 9.59 THB 30.13 THB 76
Rev-Margin DCF 13.57 THB 18.23 THB 24.10 THB 74
All 24 models by family
DCF Models
FCF DCF 20.51 THB 28.15 THB 42.31 THB 38
Owner Earnings 15.34 THB 20.96 THB 31.36 THB 31
5Y Revenue Exit 13.57 THB 17.77 THB 23.84 THB 39
5Y EBITDA Exit 17.60 THB 24.75 THB 34.22 THB 41
5Y P/E Exit 18.65 THB 26.56 THB 36.04 THB 38
10Y Revenue Exit 15.91 THB 19.28 THB 22.76 THB 36
10Y EBITDA Exit 18.59 THB 23.60 THB 28.85 THB 37
10Y P/E Exit 19.22 THB 24.72 THB 29.91 THB 35
Earnings-Based
Graham-Dodd 8.30 THB 10.15 THB 11.41 THB 54
EPV 11.42 THB 13.16 THB 14.67 THB 59
Dividend Discount
Gordon GGM 6.43 THB 7.03 THB 7.96 THB 70
DDM Multi-Stage 6.43 THB 8.06 THB 10.36 THB 61
Multiples
P/E Multiple 19.23 THB 25.63 THB 32.04 THB 63
P/S Multiple 10.21 THB 13.62 THB 17.02 THB 58
P/B Multiple 15.56 THB 20.75 THB 25.94 THB 55
EV/EBIT 17.20 THB 22.59 THB 27.98 THB 53
EV/EBITDA 18.27 THB 24.01 THB 29.76 THB 54
EV/Revenue 9.97 THB 13.80 THB 17.63 THB 43
Asset-Based
NCAV (Graham) 2.81 THB 3.76 THB 5.62 THB 50
Growth DCF
Growth DCF 21.41 THB 28.83 THB 41.53 THB 80
Rev-Margin DCF 13.57 THB 18.23 THB 24.10 THB 74
Economic Profit
Residual Income 7.66 THB 9.59 THB 30.13 THB 76
ROIC Compounder 11.42 THB 13.59 THB 15.78 THB 72
Growth Earnings
Growth-Adj P/E 13.58 THB 19.39 THB 25.21 THB 68

Widest divergence: DCF Models (23.60 THB) versus Asset-Based (3.76 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 25.1B THB
Revenue growth (YoY) -7.1%
Net margin 14.2%
Return on equity 21.8%
Free cash flow 6.0B THB FY2025
P/E ratio 14.8
More key figures
Operating margin 20.6%
EPS (TTM) 1.19 THB
Dividend yield 4.6%
EPS growth (YoY) -8.6%
Net cash 2.5B THB FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 82/100

Of which business quality 80 · Market factors (momentum, volatility) 63

Profitability 76
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 91
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 77
Buybacks instead of dilution

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.

About the company

Osotspa Public Company Limited, along with its subsidiaries, manufactures and distributes energy drinks and personal care products in Thailand and internationally. It operates through three segments: Beverage, Personal Care, and Others.

Full company description

Osotspa Public Company Limited, along with its subsidiaries, manufactures and distributes energy drinks and personal care products in Thailand and internationally. It operates through three segments: Beverage, Personal Care, and Others. The company offers energy and sport drinks under the M-150, Lipo, Som in Sum, M-Sport, Shark, and White Shark brands; and functional drinks under the C-Vitt, Peptein, Calpis Lacto, One Day Vitamins, and HANGster brands. It also provides baby care products, including baby wash, powder, soap, lotion, oil, shampoo, laundry detergent, and fabric softener, as well as gift sets, dish soap, feminine cleansing, hand foam, hand sanitizer, surface and product cleanser, head to toe wash, and fluoride toothpaste for kids under the Babi Mild brand. In addition, the company offers deodorant, powder, shower, perfume, and lotion products under the Twelve Plus and Exit brands; and healthcare and confectionery products under the Kilane, OLE, and Banner brands. Further, it engages in the manufacture and distribution of glass; distribution of beverage and cullet products; import, retail, and wholesale of beverages; investing in other companies; electronic commerce and education businesses; and sale of herbal products, as well as provides procurement services for raw materials and packaging materials; and marketing, property rental, and research and development services. Osotspa Public Company Limited was founded in 1891 and is based in Bangkok, Thailand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Osotspa Public Company reported revenue of 25.6B THB in FY2025 versus 26.8B THB in FY2021, a compound −1.1%/yr. Reported net income was 3.7B THB in FY2025, compounding +3.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
25.6B THB
Latest YoY
−5.6%
Avg. growth/yr (3Y) 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.
−2.1%
Avg. growth/yr (5Y) 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.
+0.0%
Avg. growth/yr (11Y) 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.
−1.9%
Revenue −1.1%/yr
FY21 26.8B THB
FY22 27.3B THB
FY23 26.1B THB
FY24 27.1B THB
FY25 25.6B THB
Net income +3.0%/yr
FY21 3.3B THB
FY22 1.9B THB
FY23 2.4B THB
FY24 1.6B THB
FY25 3.7B THB
Character of growth · EPS growth decomposed (2014-2025) +3.5 % p.a.
Revenue per share −2.1 pp

of which total revenue −2.1 pp · buybacks/dilution +0.0 pp

EBIT margin +4.5 pp
Tax rate +1.1 pp
Residual (interest, one-offs) +0.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Osotspa Public Company Fair Value". https://www.fairvalue-calculator.com/stock/OSP

Peer Group

Beverages - Non-Alcoholic · 90 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.

Quality Score 82 · Top 25%
Fair Value upside +27% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Beverages - Non-Alcoholic median · lower = cheaper

P/E (TTM) 14.8× · Cheaper than median
P/B 3.10× · Pricier than median
P/S (TTM) 2.08× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 9.1× · Pricier than median
PEG 5.54× · Pricier than 75% of peers

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.

VALUE 70 · sector 21
FUTURE 0 · sector 46
PAST 87 · sector 53
HEALTH 99 · sector 96
DIVIDEND 92 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Non-Alcoholic stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
The Coca-Cola Company KO $86.71 $36.57 -58%
PepsiCo, Inc PEP $138.70 $106.91 -23%
Monster Beverage Corporation MNST $45.98 $35.82 -22%
Nongfu Spring Co 9633 HK$42.54 HK$30.90 -27%
Coca-Cola Europacific Partners PLC CCEP €92.10 €70.86 -23%
Keurig Dr Pepper Inc KDP $29.56 $30.99 +5%
Coca-Cola FEMSA, S.A. KOFUBL 180.76 MXN 159.53 MXN -12%
Coca-Cola HBC AG EEE €54.20 €46.77 -14%
Arca Continental, S.A. AC 198.23 MXN 242.13 MXN +22%
Varun Beverages Limited VBL ₹438.45 ₹187.49 -57%

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Frequently asked questions

Is Osotspa Public Company (OSP) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 22.39 THB versus a price of 17.60 THB, about +27% (undervalued).
What is the fair value of OSP?
Our model-based fair value for Osotspa Public Company is 22.39 THB (as of Aug 13, 2026), built from audited fundamentals. The current price is 17.60 THB.
What is the quality score of OSP?
Osotspa Public Company has a Quality Score of 82/100. 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 revenue of Osotspa Public Company (OSP)?
Osotspa Public Company reported trailing-twelve-month revenue of about 24.8B THB (latest available figure, as of Aug 13, 2026).
What is the net profit margin of OSP?
The net profit margin of Osotspa Public Company is about 14.4%, meaning it keeps roughly 14.4% of revenue as net income. Based on the latest reported figures.
Does Osotspa Public Company pay a dividend?
Osotspa Public Company currently shows a dividend yield of about 5.16% relative to its recent price (as of Aug 13, 2026).

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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