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R&B Food Supply Public Company (RBF) Fair Value & Analysis

Consumer Defensive · TH · Market cap 9.9B THB

RB R&B Food Supply Public Company RBF · BK
Price5.00 THB
Fair Value4.48 THB
Upside-10.4%
Quality62/100
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Mixed Growth
Solidly profitable · 10.8% net margin
Low debt · generates free cash flow
4.12% dividend yield
Mixed vs. peers (8/14)
Moderate moat 51/100
Evidence: High Range 2.87 THB – 5.81 THB Share as image

Fair value as of: Jul 13, 2026

From 26 valuation models · updated 28 days ago

Share price −2.0% over the past month.

A solid business, but screening 10% overvalued on our models.

What matters now

  • A fairly wide model range (2.87 THB to 5.81 THB) leaves room in how you read the outcome.
  • Our model range runs from 2.87 THB (bear) to 5.81 THB (bull), base 4.48 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

20.38 THB 2.82 THB Fair Value 4.48 THB Feb 2021 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

60‑month range 2.82 THB – 20.38 THB · fair‑value band 2.87 THB – 5.81 THB · the 5.00 THB price screens above the 4.48 THB fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

R&B Food Supply Public Company (RBF) currently trades at 5.00 THB, while our model-based Fair Value estimate is 4.48 THB, implying the stock looks roughly 10.4% overvalued today. The Quality Score stands at 62/100 (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, R&B Food Supply Public Company generated revenue of 4.3B THB at a net margin of 10.0%. Revenue declined 1.1% year over year. It earns a return on equity of 8.7%. The balance sheet holds a net cash position of 451M THB. Fundamentals as of Jul 13, 2026

Our scenario range runs from 2.87 THB (bear case) to 5.81 THB (bull case); at 5.00 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 near its 52-week high and 82% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -10%, RBF 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 2.26 THB 3.16 THB 4.38 THB 80
Residual Income 2.08 THB 2.27 THB 2.72 THB 76
Rev-Margin DCF 2.40 THB 3.69 THB 5.17 THB 74
All 26 models by family
DCF Models
FCF DCF 2.24 THB 3.25 THB 4.73 THB 38
Owner Earnings 1.65 THB 2.36 THB 3.39 THB 31
5Y Revenue Exit 2.40 THB 3.69 THB 5.35 THB 39
5Y EBITDA Exit 3.23 THB 5.25 THB 7.60 THB 41
5Y P/E Exit 2.96 THB 4.76 THB 6.63 THB 38
10Y Revenue Exit 2.25 THB 3.40 THB 4.94 THB 36
10Y EBITDA Exit 2.83 THB 4.45 THB 6.62 THB 37
10Y P/E Exit 2.67 THB 4.12 THB 5.90 THB 35
Earnings-Based
Graham-Dodd 1.50 THB 4.63 THB 6.15 THB 54
Lynch FV 1.00 THB 1.43 THB 1.85 THB 50
PEG = 1.0 1.00 THB 1.43 THB 1.85 THB 46
EPV 2.28 THB 2.60 THB 2.87 THB 59
Dividend Discount
Gordon GGM 1.59 THB 3.16 THB 4.79 THB 70
DDM Multi-Stage 1.59 THB 2.57 THB 3.34 THB 61
Multiples
P/E Multiple 3.48 THB 4.65 THB 5.81 THB 63
P/S Multiple 2.64 THB 3.52 THB 4.41 THB 58
P/B Multiple 2.82 THB 3.76 THB 4.70 THB 55
EV/EBIT 3.70 THB 4.84 THB 5.98 THB 53
EV/EBITDA 4.23 THB 5.55 THB 6.87 THB 54
EV/Revenue 2.60 THB 3.59 THB 4.58 THB 43
Asset-Based
NCAV (Graham) 1.22 THB 1.64 THB 2.44 THB 50
Growth DCF
Growth DCF 2.26 THB 3.16 THB 4.38 THB 80
Rev-Margin DCF 2.40 THB 3.69 THB 5.17 THB 74
Economic Profit
Residual Income 2.08 THB 2.27 THB 2.72 THB 76
ROIC Compounder 2.28 THB 2.69 THB 3.26 THB 72
Growth Earnings
Growth-Adj P/E 2.87 THB 4.10 THB 5.33 THB 68

Widest divergence: Growth Earnings (4.10 THB) versus Earnings-Based (1.43 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.3B THB
Revenue growth (YoY) +3.4%
Net margin 10.8%
Return on equity 9.1%
Free cash flow 354M THB FY2025
P/E ratio 21.3
More key figures
Operating margin 13.7%
EPS (TTM) 0.2400 THB
Dividend yield 4.1%
EPS growth (YoY) +40.0%
Net cash 451M THB FY2025

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 84

Profitability 47
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 85
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

R&B Food Supply Public Company Limited, together with its subsidiaries, manufactures and trades in bread products, colours, fragrances, and chemicals that are used in food, beverage, and consumer product industries in Thailand. R&B Food Supply Public Company Limited was founded in 1989 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

R&B Food Supply Public Company reported revenue of 4.3B THB in FY2025 versus 3.4B THB in FY2021, a compound +6.2%/yr. Reported net income was 432M THB in FY2025, compounding +0.7%/yr from FY2021.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.3B THB
Latest YoY
−2.1%
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.
+2.7%
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.
+6.3%
Avg. growth/yr (10Y) 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.
+10.0%
Revenue +6.2%/yr
FY21 3.4B THB
FY22 4.0B THB
FY23 4.4B THB
FY24 4.4B THB
FY25 4.3B THB
Net income +0.7%/yr
FY21 420M THB
FY22 482M THB
FY23 649M THB
FY24 513M THB
FY25 432M THB
Character of growth · EPS growth decomposed (2015-2025) −26.7 % p.a.
Revenue per share −27.7 pp

of which total revenue +8.8 pp · buybacks/dilution −36.5 pp

EBIT margin −0.3 pp
Tax rate +0.7 pp
Residual (interest, one-offs) +0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

RBF screens 10% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "R&B Food Supply Public Company Fair Value". https://www.fairvalue-calculator.com/stock/RBF

Peer Group

Packaged Foods · 649 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 62 · Above median
Fair Value upside −10% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 6% · Above median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 4.1% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 21.3× · Pricier than median
P/B 2.09× · Pricier than median
P/S (TTM) 2.30× · Pricier than 75% of peers
P/FCF 0.8× · Cheaper than median
EV/EBITDA 12.1× · Pricier than median

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 19 · sector 28
FUTURE 17 · sector 20
PAST 36 · sector 27
HEALTH 99 · sector 96
DIVIDEND 82 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is R&B Food Supply Public Company (RBF) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 4.48 THB versus a price of 5.00 THB, about −10% (overvalued).
What is the fair value of RBF?
Our model-based fair value for R&B Food Supply Public Company is 4.48 THB (as of Jul 13, 2026), built from audited fundamentals. The current price is 5.00 THB.
What is the quality score of RBF?
R&B Food Supply Public Company has a Quality Score of 62/100. 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 R&B Food Supply Public Company (RBF)?
R&B Food Supply Public Company reported trailing-twelve-month revenue of about 4.3B THB (latest available figure, as of Jul 13, 2026).
What is the net profit margin of RBF?
The net profit margin of R&B Food Supply Public Company is about 10.0%, meaning it keeps roughly 10.0% 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.

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