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PP PRIME Public Company Limited (PPPM) Fair Value & Analysis

Consumer Defensive · TH · Market cap 246M THB (≈ $7.4M)

What is PP PRIME Public Company Limited really worth?

PP PP PRIME Public Company Limited PPPM · BK
Price0.2800 THB
Fair Value0.2700 THB
Upside−3.6%
Quality31/100

Below-average quality, currently priced close to our fair value of 0.2700 THB.

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Strengths

Ranks above peers (6/10)

Risks

!Weak Growth (revenue 5y −19.0 %/yr)
!Loss-making · -35.3% net margin
!Low debt · negative free cash flow
!Narrow moat 19/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 29 out of 100
Evidence: Low Range 0.2000 THB – 0.4100 THB

Fair value as of: Aug 28, 2026

From 3 valuation models · updated 4 days ago

Fair value updated Aug 28, 2026, revised from 0.2900 THB to 0.2700 THB (−6.9%) since Aug 21, 2026. Share price +21.7% 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 close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (0.2000 THB to 0.4100 THB) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

7.60 THB 0.1900 THB Fair Value 0.2700 THB Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range 0.1900 THB – 7.60 THB · fair‑value band 0.2000 THB – 0.4100 THB · the 0.2800 THB price screens above the 0.2700 THB fair value. Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

PP PRIME Public Company Limited (PPPM) currently trades at 0.2800 THB, while our model-based Fair Value estimate is 0.2700 THB, implying the stock looks roughly 3.7% fairly valued today. The Quality Score stands at 31/100 (below-average quality), in the Consumer Defensive sector. Bull case: the Asset-Based group reads highest at a median of 0.2700 THB per share, and 0 of the 3 models we run sit above the 0.2800 THB price. Bear case: the Dividend Discount group reads lowest at 0.2400 THB, and 3 of the 3 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, PP PRIME Public Company Limited generated revenue of 617M THB at a net margin of −48.2%. Revenue grew 28.6% year over year. It earns a return on equity of −74.6%. Net debt stands at 123M THB. Fundamentals as of Aug 28, 2026

Our scenario range runs from 0.2000 THB (bear case) to 0.4100 THB (bull case); at 0.2800 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 48% below its 52-week high and 56% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −25% fair-value upside, at −4%, PPPM screens cheaper 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
Gordon GGM best evidence 0.2200 THB 0.2400 THB 0.2600 THB 69
DDM Multi-Stage 0.2200 THB 0.2600 THB 0.3000 THB 67
NCAV (Graham) 0.2000 THB 0.2700 THB 0.4100 THB 53
All 3 models by family
Dividend Discount
Gordon GGM best evidence 0.2200 THB 0.2400 THB 0.2600 THB 69
DDM Multi-Stage 0.2200 THB 0.2600 THB 0.3000 THB 67
Asset-Based
NCAV (Graham) 0.2000 THB 0.2700 THB 0.4100 THB 53

Widest divergence: Asset-Based (0.2700 THB) versus Dividend Discount (0.2400 THB). Highest evidence: Gordon GGM (69).

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Key figures & financial health

P/S ratio 0.31 TTM
EPS (TTM) −0.3800 THB
Dividend yield 15.0%
Net margin −36.9% FY2025
Return on equity −74.6% TTM
Return on assets (EBIT) −14.7% avg 5y
More key figures
Profitability
Operating margin −28.2% TTM
Growth
Revenue (TTM) 617M THB TTM
Revenue growth (YoY) +28.6% 3y avg −21.5%
EPS growth (YoY) +800%
Balance sheet & cash flow
Free cash flow −29.3M THB FY2025
Net debt 123M THB FY2025

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 29 · Market factors (momentum, volatility) 40

Profitability 10
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 23
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

PP Prime Public Company Limited, together with its subsidiaries, manufactures and distributes feeds for aquatic animals, pets, and poultry food in Thailand.

Full company description

PP Prime Public Company Limited, together with its subsidiaries, manufactures and distributes feeds for aquatic animals, pets, and poultry food in Thailand. It operates through Manufacturing and Distribution of Aquatic Animal Feed, Manufacturing and Distribution of Pet Food, Manufacturing and Distribution of Poultry Food, and Power Plant for Electricity Generation and Distribution segments. The company offers black tiger, vannamei, and other shrimp feed; carnivorous marine, tilapia, and catfish feed; and ornamental fish and frog food. It also provides pork, cow, and elephant feed; poultry feed; and dog, cat, and bird food products. In addition, the company engages in geothermal power generation business; consulting and management; and investment in energy business. Further, it is involved in the operation of power plants for electricity generation and distribution. The company was formerly known as Thai Luxe Enterprises Public Company Limited and changed its name to PP Prime Public Company Limited in September 2018. PP Prime Public Company Limited was founded in 1987 and is headquartered in Khao Yoi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PP PRIME Public Company Limited reported revenue of 580M THB in FY2025 versus 650M THB in FY2021, a compound −2.8%/yr. Reported net income was −214M THB in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
580M THB
Latest YoY
−20.1%
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.
−21.5%
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.
−19.0%
Avg. revenue growth/yr (16Y) 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.
−8.8%
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 −2.8%/yr
FY21 650M THB
FY22 1.2B THB
FY23 1.3B THB
FY24 725M THB
FY25 580M THB
Net income
FY21 −186M THB
FY22 −488M THB
FY23 −251M THB
FY24 −225M THB
FY25 −214M THB

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Cite: Fair Value Calculator (2026). "PP PRIME Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/PPPM

Peer Group

Packaged Foods · 671 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 31 · Bottom 25%
Fair Value upside −7% · Below median
Return on assets −11% · Bottom 25%
Net margin (TTM) −35% · Bottom 25%
Operating margin (TTM) 10% · Above median
Revenue growth 40% · Top 25%
Dividend yield (TTM) 15.0% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/S (TTM) 0.01× · 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
VALUE29 · sector 25
FUTURE100 · sector 20
PAST0 · sector 26
HEALTH100 · sector 96
DIVIDEND100 · sector 54

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
Nestlé S.A NESN CHF 78.62 CHF 57.26 −27%
Danone S.A BN €64.28 €48.41 −25%
Nestlé India Limited NESTLEIND ₹1,478 ₹251.94 −83%
The Kraft Heinz Company KHC $25.13 $24.59 −2%
Foshan Haitian Flavouring and Food Company 603288 ¥35.05 ¥21.93 −37%
Inner Mongolia Yili Industrial Group 600887 ¥25.51 ¥32.50 +27%
Yihai Kerry Arawana Holdings 300999 ¥25.28 ¥9.89 −61%
General Mills, Inc GIS $40.44 $28.32 −30%
Wilmar International Limited F34 3.64 SGD 3.89 SGD +7%
McCormick & Company MKCV $55.65 $43.29 −22%

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Frequently asked questions

Is PP PRIME Public Company Limited (PPPM) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of 0.2700 THB versus a price of 0.2800 THB, about −4% upside (fairly valued).
What is the fair value of PPPM?
Our model-based fair value for PP PRIME Public Company Limited is 0.2700 THB (as of Aug 28, 2026), built from audited fundamentals. The current price: 0.2800 THB.
What is the quality score of PPPM?
PP PRIME Public Company Limited has a Quality Score of 31/100. 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 PP PRIME Public Company Limited (PPPM)?
PP PRIME Public Company Limited reported trailing-twelve-month revenue of about 617M THB (latest available figure, as of Aug 28, 2026).
What is the net profit margin of PPPM?
The net profit margin of PP PRIME Public Company Limited is about −48.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does PP PRIME Public Company Limited pay a dividend?
PP PRIME Public Company Limited currently shows a dividend yield of about 14.95% relative to its recent price (as of Aug 28, 2026).
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