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Pan Asia Footwear Public Company (PAF) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 421M THB

PA Pan Asia Footwear Public Company PAF · BK
Price0.9300 THB
Fair Value0.7800 THB
Upside-16.1%
Quality90/100
Evidence: Medium Range 0.6600 THB – 0.7800 THB

Fair value as of: Jun 24, 2026

From 13 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 0.6700 THB to 0.7800 THB (+16.4%) since Jun 23, 2026. Share price +16.3% over the past month.

Price vs Fair Value (12 months)

1.01 THB 0.5933 THB Fair Value 0.7800 THB Jun 2025 Jun 2026

12‑month range 0.5933 THB – 1.01 THB · fair‑value band 0.6600 THB – 0.7800 THB · the 0.9300 THB price screens above the 0.7800 THB fair value. As of Jun 24, 2026.

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Analysis

Pan Asia Footwear Public Company (PAF) currently trades at 0.9300 THB, while our model-based Fair Value estimate is 0.7800 THB — implying the stock looks roughly 16.1% overvalued today. We read business quality at 90/100 (high quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, Pan Asia Footwear Public Company generated revenue of 2.2B THB at a net margin of 1.0%. Revenue grew 2.1% year over year. It earns a return on equity of 4.3%. Net debt stands at 147M THB. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 2.2B THB
Revenue growth (YoY) +2.1%
Net margin 1.0%
Return on equity 4.3%
Free cash flow −64.1M THB FY2025
P/E ratio 19.5
More key figures
Operating margin 4.2%
EPS (TTM) 0.0400 THB
Dividend yield 1.3%
EPS growth (YoY) +8.8%
Net debt 147M THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Pan Asia Footwear Public Company Limited, together with its subsidiaries, manufactures and distributes footwear and bags in Thailand and internationally. The company offers hemp and leather shoes, sandals, and sneakers; and backpacks, handcrafted small leather goods, and accessories under the DAYBREAK brand name. It also provides polypropylene cutting boards for industrial, food and food service, household, and OEM industries under the PANA TECH brand name; and production support services, including plastic parts and rubber injection, molds manufacturing and repair, and fabric manufacturing and dyeing, as well as tooling. In addition, the company engages in the production of soles and parts for footwear; manufacturing of eyelet; organic farming business; and distribution activities. It exports its products. The company was founded in 1979 and is headquartered in Chonburi, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pan Asia Footwear Public Company reported revenue of 2.2B THB in FY2025 versus 675M THB in FY2021, a compound +34.0%/yr. Reported net income was 21.6M THB in FY2025.

Revenue +34.0%/yr
FY21 675M THB
FY22 1.4B THB
FY23 2.9B THB
FY24 2.5B THB
FY25 2.2B THB
Net income
FY21 −1.9M THB
FY22 21.2M THB
FY23 −2.6M THB
FY24 −5.4M THB
FY25 21.6M THB

Open the full interactive analysis →

Similar stocks

6 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE €39.88 €32.06 -20%
adidas AG ADDYY $97.66 $62.93 -36%
ASICS Corporation ASCCY $25.77 $19.43 -25%
Deckers Outdoor Corporation DECK $105.57 $172.88 +64%
On Holding ONON $36.21 $20.28 -44%
Zhejiang China Commodities City Group 600415 ¥10.63 ¥18.58 +75%

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Frequently asked questions

Is Pan Asia Footwear Public Company (PAF) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 0.7800 THB versus a price of 0.9300 THB — about −16% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PAF?
Our 21-model fair value for Pan Asia Footwear Public Company is 0.7800 THB (as of Jun 24, 2026), built from audited fundamentals. The current price is 0.9300 THB.
What is the quality score of PAF?
Pan Asia Footwear Public Company has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Pan Asia Footwear Public Company (PAF)?
Pan Asia Footwear Public Company reported trailing-twelve-month revenue of about 2.2B THB (latest available figure, as of Jun 24, 2026).
What is the net profit margin of PAF?
The net profit margin of Pan Asia Footwear Public Company is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. Based on the latest reported figures.
Does Pan Asia Footwear Public Company pay a dividend?
Pan Asia Footwear Public Company currently shows a dividend yield of about 1.28% relative to its recent price (as of Jun 24, 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.

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