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Petchsrivichai Enterprise Public Company (PCE) Fair Value & Analysis

Consumer Defensive · TH · Market cap 5.9B THB

PE Petchsrivichai Enterprise Public Company PCE · BK
Price2.32 THB
Fair Value1.91 THB
Upside-17.7%
Quality56/100
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Weak Growth
Thin margins · 1.0% net margin
Low debt · generates free cash flow
3.77% dividend yield
Mixed vs. peers (6/14)
Narrow moat 27/100
Evidence: High Range 1.43 THB – 2.38 THB Share as image

Fair value as of: Jul 13, 2026

From 25 valuation models · updated 28 days ago

Share price +7.4% over the past month.

A solid business, but screening 18% overvalued on our models.

What matters now

  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 1.43 THB (bear) to 2.38 THB (bull), base 1.91 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (23 months)

3.05 THB 1.94 THB Fair Value 1.91 THB Sep 2024 Aug 2026

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

How to read this chart

23‑month range 1.94 THB – 3.05 THB · fair‑value band 1.43 THB – 2.38 THB · the 2.32 THB price screens above the 1.91 THB fair value. Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Petchsrivichai Enterprise Public Company (PCE) currently trades at 2.32 THB, while our model-based Fair Value estimate is 1.91 THB, implying the stock looks roughly 17.7% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Defensive 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: high).

Over the trailing twelve months, Petchsrivichai Enterprise Public Company generated revenue of 30.1B THB at a net margin of 1.0%. Revenue declined 4.8% year over year. It earns a return on equity of 5.6%. Net debt stands at 1.3B THB. Fundamentals as of Jul 13, 2026

Our scenario range runs from 1.43 THB (bear case) to 2.38 THB (bull case); at 2.32 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 13% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -18%, PCE screens richer 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 1.80 THB 2.57 THB 3.62 THB 80
Residual Income 1.46 THB 1.51 THB 1.52 THB 76
Rev-Margin DCF 0.9700 THB 1.29 THB 1.68 THB 74
All 25 models by family
DCF Models
FCF DCF 1.78 THB 2.65 THB 3.92 THB 38
5Y Revenue Exit 0.9700 THB 1.27 THB 1.62 THB 39
5Y EBITDA Exit 1.27 THB 1.82 THB 2.45 THB 41
5Y P/E Exit 1.51 THB 2.28 THB 3.08 THB 38
10Y Revenue Exit 1.25 THB 1.59 THB 2.00 THB 36
10Y EBITDA Exit 1.44 THB 1.96 THB 2.61 THB 37
10Y P/E Exit 1.60 THB 2.27 THB 3.08 THB 35
Earnings-Based
Graham-Dodd 0.7600 THB 2.33 THB 3.10 THB 54
Lynch FV 0.5000 THB 0.7200 THB 0.9300 THB 50
PEG = 1.0 0.5000 THB 0.7200 THB 0.9300 THB 46
EPV 0.4400 THB 0.4900 THB 0.5400 THB 59
Dividend Discount
Gordon GGM 1.32 THB 2.63 THB 3.98 THB 70
DDM Multi-Stage 1.32 THB 2.13 THB 2.77 THB 61
Multiples
P/E Multiple 1.43 THB 1.91 THB 2.38 THB 63
P/S Multiple 1.43 THB 1.91 THB 2.38 THB 58
P/B Multiple 1.43 THB 1.91 THB 2.38 THB 55
EV/EBIT 0.6000 THB 0.7600 THB 0.9300 THB 53
EV/EBITDA 1.08 THB 1.41 THB 1.74 THB 54
EV/Revenue 0.5300 THB 0.7200 THB 0.9000 THB 43
Asset-Based
NCAV (Graham) 0.9300 THB 1.24 THB 1.85 THB 50
Growth DCF
Growth DCF 1.80 THB 2.57 THB 3.62 THB 80
Rev-Margin DCF 0.9700 THB 1.29 THB 1.68 THB 74
Economic Profit
Residual Income 1.46 THB 1.51 THB 1.52 THB 76
ROIC Compounder 0.4400 THB 0.4900 THB 0.5400 THB 72
Growth Earnings
Growth-Adj P/E 1.20 THB 1.72 THB 2.24 THB 68

Widest divergence: Dividend Discount (2.13 THB) versus Economic Profit (0.4900 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 30.1B THB
Revenue growth (YoY) -4.8%
Net margin 1.0%
Return on equity 5.6%
Free cash flow 431M THB FY2025
P/E ratio 21.6
More key figures
Operating margin -0.6%
EPS (TTM) 0.1000 THB
Dividend yield 3.8%
EPS growth (YoY) -75.9%
Net debt 1.3B THB FY2023

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 48

Profitability 43
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 82
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

Petchsrivichai Enterprise Public Company Limited produces and distributes crude palm kernel oil in Thailand and internationally. It operates through three segments: Manufacture and Distribution of Palm Products; Distribution of Electricity; and Logistics and Services.

Full company description

Petchsrivichai Enterprise Public Company Limited produces and distributes crude palm kernel oil in Thailand and internationally. It operates through three segments: Manufacture and Distribution of Palm Products; Distribution of Electricity; and Logistics and Services. The company offers semi-refined and refined palm oil products, crude palm oil, refined bleached deodorized palm oil, refined bleached deodorized olein, palm fatty acid distillate, and vegetable oil. It also manufactures biodiesel and electricity from biogas. In addition, the company offers land and marine cargo transportation services, general warehouse, oil depot, bulk cargo area, and wharf loading services. Petchsrivichai Enterprise Public Company Limited was founded in 1984 and is headquartered in Surat Thani, Thailand.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Petchsrivichai Enterprise Public Company reported revenue of 30.3B THB in FY2025 versus 32.7B THB in FY2022, a compound −2.4%/yr. Reported net income was 308M THB in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
30.3B THB
Latest YoY
+10.4%
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.
−2.4%
Revenue −2.4%/yr
FY22 32.7B THB
FY23 24.7B THB
FY24 27.5B THB
FY25 30.3B THB
Net income
FY22 −155M THB
FY23 311M THB
FY24 625M THB
FY25 308M THB

PCE screens 18% overvalued. Compare with Muyuan Foods Group →

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

Peer Group

Farm Products · 288 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 56 · Above median
Fair Value upside −18% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -1% · Below median
Revenue growth -5% · Below median
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 21.6× · Pricier than median
P/B 1.17× · Pricier than median
P/S (TTM) 0.20× · Cheaper than 75% of peers
P/FCF 0.4× · Cheaper than median
EV/EBITDA 16.9× · 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 10 · sector 25
FUTURE 0 · sector 20
PAST 22 · sector 17
HEALTH 100 · sector 94
DIVIDEND 75 · sector 38

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is Petchsrivichai Enterprise Public Company (PCE) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 1.91 THB versus a price of 2.32 THB, about −18% (overvalued).
What is the fair value of PCE?
Our model-based fair value for Petchsrivichai Enterprise Public Company is 1.91 THB (as of Jul 13, 2026), built from audited fundamentals. The current price is 2.32 THB.
What is the quality score of PCE?
Petchsrivichai Enterprise Public Company has a Quality Score of 56/100. 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 Petchsrivichai Enterprise Public Company (PCE)?
Petchsrivichai Enterprise Public Company reported trailing-twelve-month revenue of about 30.1B THB (latest available figure, as of Jul 13, 2026).
What is the net profit margin of PCE?
The net profit margin of Petchsrivichai Enterprise Public Company is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. Based on the latest reported figures.
Does Petchsrivichai Enterprise Public Company pay a dividend?
Petchsrivichai Enterprise Public Company currently shows a dividend yield of about 3.70% relative to its recent price (as of Jul 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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