EN DE

Prime Road Power Public Company (PRIME) Fair Value & Analysis

Utilities · TH · Market cap 213M THB

PR Prime Road Power Public Company PRIME · BK
Price0.0500 THB
Fair Value0.0780 THB
Upside+56.0%
Quality39/100
Watch Prime Road Power Public Company for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Solidly profitable · 14.9% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 40/100
Evidence: Medium Range 0.0780 THB – 0.1440 THB Share as image

Fair value as of: Jul 20, 2026

From 11 valuation models · updated 21 days ago

Below-average quality, screening 56% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.0780 THB). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (0.0780 THB to 0.1440 THB) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

2.76 THB 0.0400 THB Fair Value 0.0780 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 0.0400 THB – 2.76 THB · fair‑value band 0.0780 THB – 0.1440 THB · the 0.0500 THB price screens below the 0.0780 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Prime Road Power Public Company (PRIME) currently trades at 0.0500 THB, while our model-based Fair Value estimate is 0.0780 THB, implying the stock looks roughly 56.0% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Utilities 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: medium), always confirm before acting.

Over the trailing twelve months, Prime Road Power Public Company generated revenue of 592M THB at a net margin of 14.9%. Revenue declined 51.8% year over year. It earns a return on equity of 4.8%. Net debt stands at 3.6B THB. Fundamentals as of Jul 20, 2026

Our scenario range runs from 0.0780 THB (bear case) to 0.1440 THB (bull case); at 0.0500 THB, the current price sits below 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 44% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 56%, PRIME 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 0.0400 THB 0.1100 THB 80
Rev-Margin DCF 0.0800 THB 0.1700 THB 74
EV/EBITDA 0.3500 THB 0.5100 THB 0.6700 THB 54
All 11 models by family
DCF Models
FCF DCF 0.0500 THB 0.1300 THB 38
5Y Revenue Exit 0.0800 THB 0.1800 THB 39
5Y EBITDA Exit 0.1800 THB 0.4300 THB 0.7400 THB 41
10Y Revenue Exit 0.0600 THB 0.1500 THB 36
10Y EBITDA Exit 0.1000 THB 0.2700 THB 0.5400 THB 37
Multiples
EV/EBIT 0.0400 THB 0.0900 THB 0.1500 THB 53
EV/EBITDA 0.3500 THB 0.5100 THB 0.6700 THB 54
EV/Revenue 0.0100 THB 0.0700 THB 0.1200 THB 43
Asset-Based
NCAV (Graham) 0.1900 THB 0.2600 THB 0.3900 THB 50
Growth DCF
Growth DCF 0.0400 THB 0.1100 THB 80
Rev-Margin DCF 0.0800 THB 0.1700 THB 74

Widest divergence: Asset-Based (0.2600 THB) versus Growth DCF (0.0400 THB). Highest evidence: Growth DCF (80).

Notify me when PRIME reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 592M THB
Revenue growth (YoY) -51.8%
Net margin 14.9%
Return on equity 4.8%
Free cash flow 51.2M THB FY2025
P/E ratio 3.0
More key figures
Operating margin 22.9%
EPS (TTM) 0.0200 THB
EPS growth (YoY) +63.2%
Net debt 3.6B THB FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 36 · Market factors (momentum, volatility) 25

Profitability 3
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 10
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

Prime Road Power Public Company Limited, together with its subsidiaries, engages in the generation of electricity from renewable energy and distributes electricity in Thailand, Taiwan, Cambodia, and internationally.

Full company description

Prime Road Power Public Company Limited, together with its subsidiaries, engages in the generation of electricity from renewable energy and distributes electricity in Thailand, Taiwan, Cambodia, and internationally. The company operates solar power plants with total installed capacity of 299.65 megawatts; and builds, operates, and installs solar rooftop systems. It also provides engineering, procurement, and construction services, including surveying, designing, installation, and maintenance of solar rooftop. In addition, the company engages in the trading of solar panels, inverters, DC cables, and solar-powered water pumps. Further, it engages in the designing, installing, and consulting of building energy management. The company serves individuals, corporations, government agencies, and state-owned enterprises. Prime Road Power Public Company Limited was founded in 1999 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Prime Road Power Public Company reported revenue of 724M THB in FY2025 versus 568M THB in FY2021, a compound +6.3%/yr. Reported net income was −226M THB in FY2025.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
724M THB
Latest YoY
−39.8%
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.
−13.4%
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.
+7.9%
Avg. growth/yr (21Y) 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.
+8.9%
Revenue +6.3%/yr
FY21 568M THB
FY22 1.1B THB
FY23 1.6B THB
FY24 1.2B THB
FY25 724M THB
Net income
FY21 130M THB
FY22 137M THB
FY23 −902M THB
FY24 −190M THB
FY25 −226M THB

Watch PRIME: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Prime Road Power Public Company Fair Value". https://www.fairvalue-calculator.com/stock/PRIME

Peer Group

Utilities - Renewable · 220 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 39 · Below median
Fair Value upside +60% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets 0% · Below median
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 16% · Above median
Revenue growth -52% · Bottom 25%
Debt / equity 0.33× · Lower than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 2.5× · Cheaper than 75% of peers
P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.36× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 3.0× · Cheaper 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 100 · sector 12
FUTURE 0 · sector 0
PAST 19 · sector 12
HEALTH 84 · sector 68
DIVIDEND 0 · sector 48

Insider activity: 40/100

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

Compare Prime Road Power Public Company with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Utilities stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Prime Road Power Public Company (PRIME) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 0.0780 THB versus a price of 0.0500 THB, about +56% (undervalued).
What is the fair value of PRIME?
Our model-based fair value for Prime Road Power Public Company is 0.0780 THB (as of Jul 20, 2026), built from audited fundamentals. The current price is 0.0500 THB.
What is the quality score of PRIME?
Prime Road Power Public Company has a Quality Score of 39/100. 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 Prime Road Power Public Company (PRIME)?
Prime Road Power Public Company reported trailing-twelve-month revenue of about 592M THB (latest available figure, as of Jul 20, 2026).
What is the net profit margin of PRIME?
The net profit margin of Prime Road Power Public Company is about 14.9%, meaning it keeps roughly 14.9% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Prime Road Power Public Company and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.