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Roctec Global Public Company (ROCTEC) Fair Value & Analysis

Technology · TH · Market cap 5.8B THB

RG Roctec Global Public Company ROCTEC · BK
Price0.6700 THB
Fair Value1.00 THB
Upside+49.3%
Quality62/100
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Healthy Growth
Loss-making · 0.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 22/100
Evidence: Medium Range 0.7500 THB – 1.25 THB Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 25 days ago

A solid business, screening 49% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.7500 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

1.20 THB 0.4548 THB Fair Value 1.00 THB Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 0.4548 THB – 1.20 THB · fair‑value band 0.7500 THB – 1.25 THB · the 0.6700 THB price screens below the 1.00 THB fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Roctec Global Public Company (ROCTEC) currently trades at 0.6700 THB, while our model-based Fair Value estimate is 1.00 THB, implying the stock looks roughly 49.3% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Technology 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.

Trailing-twelve-month revenue stands at 2.9B THB. Revenue declined 7.7% year over year. It earns a return on equity of -2.9%. The balance sheet holds a net cash position of 1.5B THB. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.7500 THB (bear case) to 1.25 THB (bull case); at 0.6700 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 18% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 49%, ROCTEC 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 0.9600 THB 1.52 THB 2.43 THB 80
Residual Income 0.4900 THB 0.5500 THB 0.8600 THB 76
Rev-Margin DCF 0.5600 THB 0.7300 THB 0.9600 THB 74
All 26 models by family
DCF Models
FCF DCF 0.9700 THB 1.60 THB 2.67 THB 38
Owner Earnings 1.16 THB 1.94 THB 3.28 THB 31
5Y Revenue Exit 0.5600 THB 0.7300 THB 0.9400 THB 39
5Y EBITDA Exit 0.6700 THB 0.9600 THB 1.32 THB 41
5Y P/E Exit 1.06 THB 1.76 THB 2.59 THB 38
10Y Revenue Exit 0.6900 THB 0.9000 THB 1.19 THB 36
10Y EBITDA Exit 0.7700 THB 1.07 THB 1.50 THB 37
10Y P/E Exit 1.02 THB 1.65 THB 2.56 THB 35
Earnings-Based
Graham-Dodd 0.4000 THB 1.95 THB 2.69 THB 54
Lynch FV 0.5300 THB 0.7500 THB 0.9800 THB 50
PEG = 1.0 0.5300 THB 0.7500 THB 0.9800 THB 46
EPV 0.2900 THB 0.3000 THB 0.3100 THB 59
Dividend Discount
Gordon GGM 0.1400 THB 0.2900 THB 0.4400 THB 70
DDM Multi-Stage 0.1400 THB 0.2500 THB 0.3000 THB 61
Multiples
P/E Multiple 0.9700 THB 1.29 THB 1.61 THB 63
P/S Multiple 0.7500 THB 1.00 THB 1.25 THB 58
P/B Multiple 0.7500 THB 1.00 THB 1.25 THB 55
EV/EBIT 0.4100 THB 0.4800 THB 0.5500 THB 53
EV/EBITDA 0.5500 THB 0.6700 THB 0.7900 THB 54
EV/Revenue 0.3600 THB 0.4300 THB 0.5000 THB 43
Asset-Based
NCAV (Graham) 0.2800 THB 0.3800 THB 0.5700 THB 50
Growth DCF
Growth DCF 0.9600 THB 1.52 THB 2.43 THB 80
Rev-Margin DCF 0.5600 THB 0.7300 THB 0.9600 THB 74
Economic Profit
Residual Income 0.4900 THB 0.5500 THB 0.8600 THB 76
ROIC Compounder 0.2900 THB 0.3000 THB 0.3100 THB 72
Growth Earnings
Growth-Adj P/E 0.8300 THB 1.19 THB 1.54 THB 68

Widest divergence: Growth Earnings (1.19 THB) versus Dividend Discount (0.2500 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.9B THB
Revenue growth (YoY) -7.7%
Net margin 0.0%
Return on equity -2.9%
Free cash flow 500M THB FY2025
P/E ratio 12.0
More key figures
Operating margin -4.2%
EPS (TTM) 0.0600 THB
EPS growth (YoY) +50.4%
Net cash 1.5B THB FY2024

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 64 · Market factors (momentum, volatility) 59

Profitability 39
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 49
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

Roctec Global Public Company Limited, together with its subsidiaries, provides system integration services and advertising services in Thailand, Hong Kong, and Vietnam.

Full company description

Roctec Global Public Company Limited, together with its subsidiaries, provides system integration services and advertising services in Thailand, Hong Kong, and Vietnam. The company offers data network infrastructure solutions, such as telecommunications systems and network security infrastructure; cyber security solutions, including in-train CCTV system, and integrated speed and position supervision systems; and innovative technology solutions comprising public address system, next train application, detection system for trackside panels, AI aided driving simulation system, train crew announcement app, cross-harbour easy, smart tunnel, and smart toilet. The company also provides transportation solutions, such as in train passenger information, flight information display, personal flight information display, passenger information display systems, smart digital display kiosks, in-train dynamic route map, in train capacity information, and temperature monitoring for axle boxes. In addition, it offers digital display solutions comprising smartphone interactive media, digital out of home media, digital signage and directory, lobby LCD displays, lift embedded LCD displays, digital out of home, high-definition curve screens, electronic poster screens, digital poster, display board for sportsground and stadium, outdoor rooftop led panel, and digital advertising platform. Further, the company provides services related to outdoor advertising and other advertising media. Additionally, it offers media rental, and design and system installation services; invests in advertising media; and distributes software and computer related products, including system development, installation, and maintenance. The company was formerly known as Master Ad Public Company Limited and changed its name to Roctec Global Public Company Limited in December 2023. Roctec Global Public Company Limited was founded in 1988 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Roctec Global Public Company reported revenue of 3.0B THB in FY2025 versus 2.1B THB in FY2021, a compound +9.2%/yr. Reported net income was 476M THB in FY2025.

Growth Quality 86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.0B THB
Latest YoY
+9.6%
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.
+5.0%
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.
+12.3%
Avg. 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.
+9.9%
Revenue +9.2%/yr
FY21 2.1B THB
FY22 2.6B THB
FY23 2.3B THB
FY24 2.8B THB
FY25 3.0B THB
Net income
FY21 −8.1M THB
FY22 193M THB
FY23 233M THB
FY24 340M THB
FY25 476M THB
Character of growth · EPS growth decomposed (2013-2024) −5.6 % p.a.
Revenue per share +3.7 pp

of which total revenue +15.8 pp · buybacks/dilution −12.1 pp

EBIT margin −8.3 pp
Tax rate −0.5 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).

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Cite: Fair Value Calculator (2026). "Roctec Global Public Company Fair Value". https://www.fairvalue-calculator.com/stock/ROCTEC

Peer Group

Information Technology Services · 476 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 +49% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -8% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 0.4× · Cheaper 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 99 · sector 21
FUTURE 0 · sector 30
PAST 0 · sector 36
HEALTH 99 · sector 97
DIVIDEND 0 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Roctec Global Public Company (ROCTEC) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 1.00 THB versus a price of 0.6700 THB, about +49% (undervalued).
What is the fair value of ROCTEC?
Our model-based fair value for Roctec Global Public Company is 1.00 THB (as of Jul 15, 2026), built from audited fundamentals. The current price is 0.6700 THB.
What is the quality score of ROCTEC?
Roctec Global 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 Roctec Global Public Company (ROCTEC)?
Roctec Global Public Company reported trailing-twelve-month revenue of about 2.9B THB (latest available figure, as of Jul 15, 2026).
What is the net profit margin of ROCTEC?
The net profit margin of Roctec Global Public Company is about 0.0%, meaning it is currently running at a net loss. 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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