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Pranda Jewelry Public Company Limited (PDJ) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 557M THB (≈ $16.7M)

What is Pranda Jewelry Public Company Limited really worth?

PJ Pranda Jewelry Public Company Limited PDJ · BK
Price1.11 THB
Fair Value0.4500 THB
Upside−59.5%
Quality51/100

A solid business, but trading 147% above our fair value of 0.4500 THB.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +5.4 %/yr)
!Loss-making · -11.1% net margin
!Mixed vs. peers (4/10)
!Narrow moat 24/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 0.4500 THB – 0.5300 THB

Fair value as of: Aug 19, 2026

From 15 valuation models · updated 14 days ago

Share price +13.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (0.5300 THB). The favourable scenario is already priced in.
  • 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 but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

3.02 THB 0.8900 THB Fair Value 0.4500 THB Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 0.8900 THB – 3.02 THB · fair‑value band 0.4500 THB – 0.5300 THB · the 1.11 THB price screens above the 0.4500 THB fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Pranda Jewelry Public Company Limited (PDJ) currently trades at 1.11 THB, while our model-based Fair Value estimate is 0.4500 THB, implying the stock looks roughly 146.7% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of 2.73 THB per share, and 9 of the 15 models we run sit above the 1.11 THB price. Bear case: the Earnings-Based group reads lowest at 0.4600 THB, and 6 of the 15 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Pranda Jewelry Public Company Limited generated revenue of 2.9B THB at a net margin of −11.1%. Revenue grew 8.3% year over year. It earns a return on equity of −14.8%. Net debt stands at 951M THB. Fundamentals as of Aug 19, 2026

Our scenario range runs from 0.4500 THB (bear case) to 0.5300 THB (bull case); at 1.11 THB, the current price sits above 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 26% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at −59%, PDJ screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence 3.17 THB 4.03 THB 5.47 THB 82
Growth DCF 3.26 THB 4.08 THB 5.34 THB 80
5Y EBITDA Exit 2.20 THB 2.73 THB 3.44 THB 77
All 15 models by family
DCF Models
FCF DCF best evidence 3.17 THB 4.03 THB 5.47 THB 82
5Y Revenue Exit 1.70 THB 1.88 THB 2.12 THB 74
5Y EBITDA Exit 2.20 THB 2.73 THB 3.44 THB 77
10Y Revenue Exit 2.33 THB 2.51 THB 2.67 THB 68
10Y EBITDA Exit 2.61 THB 2.99 THB 3.37 THB 70
Earnings-Based
EPV 0.4400 THB 0.4600 THB 0.4700 THB 74
Dividend Discount
Gordon GGM 0.7800 THB 0.8400 THB 0.9300 THB 69
DDM Multi-Stage 0.7800 THB 0.9200 THB 1.12 THB 67
Multiples
EV/EBIT 0.6900 THB 0.8100 THB 0.9300 THB 66
EV/EBITDA 1.62 THB 2.05 THB 2.47 THB 67
EV/Revenue 0.5800 THB 0.6800 THB 0.7800 THB 54
Asset-Based
NCAV (Graham) 1.65 THB 2.20 THB 3.29 THB 54
Growth DCF
Growth DCF 3.26 THB 4.08 THB 5.34 THB 80
Rev-Margin DCF 1.70 THB 1.95 THB 2.30 THB 74
Economic Profit
ROIC Compounder 0.4400 THB 0.4600 THB 0.4700 THB 72

Widest divergence: DCF Models (2.73 THB) versus Earnings-Based (0.4600 THB). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/S ratio 0.20 TTM
EPS (TTM) −0.5400 THB
Dividend yield 10.3%
Net margin −12.3% FY2025
Return on equity −14.8% TTM
Return on assets (EBIT) 3.3% avg 5y
More key figures
Profitability
Operating margin 5.8% TTM
Growth
Revenue (TTM) 2.9B THB TTM
Revenue growth (YoY) +8.3% 3y avg −7.6%
EPS growth (YoY) −40.4%
Balance sheet & cash flow
Free cash flow 207M THB FY2025
Net debt 951M THB FY2025 · ≈ 4.6 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 49 · Market factors (momentum, volatility) 44

Profitability 18
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 90
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.

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

Pranda Jewelry Public Company Limited manufactures and distributes jewelry in Thailand, the United States, Hongkong, the United Kingdom, Canada, and internationally. The company offers gold and silver jewelry under the Prima, Prima Gold, Prima Art, Merii, and Gemondo brands. It also engages in dormitory rental activities.

Full company description

Pranda Jewelry Public Company Limited manufactures and distributes jewelry in Thailand, the United States, Hongkong, the United Kingdom, Canada, and internationally. The company offers gold and silver jewelry under the Prima, Prima Gold, Prima Art, Merii, and Gemondo brands. It also engages in dormitory rental activities. The company was founded in 1973 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pranda Jewelry Public Company Limited reported revenue of 2.8B THB in FY2025 versus 2.9B THB in FY2021, a compound −0.5%/yr. Reported net income was −349M THB in FY2025.

Growth Quality 42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.8B THB
Avg. revenue 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.
+10.2%
Avg. revenue 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.
+5.4%
Avg. revenue growth/yr (22Y) 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%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −0.5%/yr
FY21 2.9B THB
FY22 3.6B THB
FY23 3.4B THB
FY24 3.9B THB
FY25 2.8B THB
Net income
FY21 138M THB
FY22 135M THB
FY23 63.5M THB
FY24 −9.5M THB
FY25 −349M THB

PDJ screens 147% overvalued. Compare with Hermès International Société en commandite par actions →

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Cite: Fair Value Calculator (2026). "Pranda Jewelry Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/PDJ

Peer Group

Luxury Goods · 136 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 51 · Below median
Fair Value upside −60% · Bottom 25%
Return on assets 2% · Below median
Net margin (TTM) −11% · Bottom 25%
Operating margin (TTM) 6% · Below median
Revenue growth 8% · Above median
Dividend yield (TTM) 10.3% · Top 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 13
FUTURE42 · sector 41
PAST0 · sector 39
HEALTH100 · sector 99
DIVIDEND100 · sector 42

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Hermès International Société en commandite par actions RMS €1,598 €950.24 −41%
Compagnie Financière Richemont SA CFR CHF 192.15 CHF 119.49 −38%
Christian Dior SE DIO €423.60 €1,095 +159%
Titan Company TITAN ₹5,106 ₹972.23 −81%
Tapestry, Inc TPR $153.74 $19.95 −87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 −6%
The Swatch Group UHRN CHF 37.90 CHF 21.48 −43%
Prada S.p.A 1913 HK$40.86 HK$64.71 +58%
Pandora A/S PNDORA kr 783.00 kr 1,424 +82%
Laopu Gold Co 6181 HK$359.20 HK$544.05 +51%

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Frequently asked questions

Is Pranda Jewelry Public Company Limited (PDJ) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 0.4500 THB versus a price of 1.11 THB, about −59% upside (overvalued).
What is the fair value of PDJ?
Our model-based fair value for Pranda Jewelry Public Company Limited is 0.4500 THB (as of Aug 19, 2026), built from audited fundamentals. The current price: 1.11 THB.
What is the quality score of PDJ?
Pranda Jewelry Public Company Limited has a Quality Score of 51/100. 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 Pranda Jewelry Public Company Limited (PDJ)?
Pranda Jewelry Public Company Limited reported trailing-twelve-month revenue of about 2.9B THB (latest available figure, as of Aug 19, 2026).
What is the net profit margin of PDJ?
The net profit margin of Pranda Jewelry Public Company Limited is about −11.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Pranda Jewelry Public Company Limited pay a dividend?
Pranda Jewelry Public Company Limited currently shows a dividend yield of about 10.31% relative to its recent price (as of Aug 19, 2026).
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