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Raja Ferry Port Public Company Limited (RP) Fair Value & Analysis

Industrials · TH · Market cap 135M THB

RF Raja Ferry Port Public Company Limited RP · BK
Price0.6300 THB
Fair Value0.6840 THB
Upside+8.6%
Quality46/100
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Strengths

Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +6.9 %/yr)
!Loss-making · -7.8% net margin
!Mixed vs. peers (4/10)
!Narrow moat 20/100
Mixed Growth (revenue 5y +6.9 %/yr)
Loss-making · -7.8% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 20/100
Evidence: Medium Range 0.4370 THB – 0.9310 THB Share as image

Fair value as of: Aug 20, 2026

From 10 valuation models · updated 7 days ago

Fair value updated Aug 20, 2026, revised from 0.6875 THB to 0.6840 THB (−0.5%) since Aug 13, 2026. Share price −16.0% over the past month.

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

What runs behind every stock

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

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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 (0.4370 THB to 0.9310 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

3.30 THB 0.4700 THB Fair Value 0.6840 THB Mar 2021 Aug 2026

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

How to read this chart

60‑month range 0.4700 THB – 3.30 THB · fair‑value band 0.4370 THB – 0.9310 THB · the 0.6300 THB price screens below the 0.6840 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Raja Ferry Port Public Company Limited (RP) currently trades at 0.6300 THB, while our model-based Fair Value estimate is 0.6840 THB, implying the stock looks roughly 8.6% fairly valued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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, Raja Ferry Port Public Company Limited generated revenue of 716M THB at a net margin of -7.8%. Revenue grew 11.9% year over year. It earns a return on equity of -11.8%. Net debt stands at 513M THB. Fundamentals as of Aug 20, 2026

Our scenario range runs from 0.4370 THB (bear case) to 0.9310 THB (bull case); at 0.6300 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 45% below its 52-week high and 43% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 42% fair-value upside, at 9%, RP 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 0.8500 THB 1.53 THB 2.30 THB 80
Rev-Margin DCF 0.3200 THB 74
EV/EBITDA 4.71 THB 6.78 THB 8.86 THB 54
All 10 models by family
DCF Models
FCF DCF 0.8300 THB 1.60 THB 2.50 THB 38
Owner Earnings 0.2800 THB 31
5Y Revenue Exit 0.1800 THB 39
5Y EBITDA Exit 2.53 THB 5.04 THB 7.89 THB 41
10Y Revenue Exit 0.1900 THB 0.4900 THB 0.8000 THB 36
10Y EBITDA Exit 1.72 THB 3.46 THB 5.66 THB 37
Multiples
EV/EBITDA 4.71 THB 6.78 THB 8.86 THB 54
Asset-Based
NCAV (Graham) 1.09 THB 1.47 THB 2.19 THB 50
Growth DCF
Growth DCF 0.8500 THB 1.53 THB 2.30 THB 80
Rev-Margin DCF 0.3200 THB 74

Widest divergence: Multiples (6.78 THB) versus Asset-Based (1.47 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 0.17 TTM
Net margin -7.8% TTM
Return on equity -11.8% TTM
Return on assets 1.3% TTM
Operating margin 8.9% TTM
EPS (TTM) -0.2700 THB
More key figures
Growth
Revenue (TTM) 716M THB TTM
Revenue growth (YoY) +11.9% 3y avg +9.7%
EPS growth (YoY) -89.0%
Balance sheet & cash flow
Free cash flow 59.4M THB FY2025
Net debt 513M THB FY2025 · ≈ 8.6 yrs of FCF

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 30

Profitability 11
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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.

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

Raja Ferry Port Public Company Limited, together with its subsidiaries, provides ferry services in Thailand. The company owns and operates ferry ships for passenger and transportation services.

Full company description

Raja Ferry Port Public Company Limited, together with its subsidiaries, provides ferry services in Thailand. The company owns and operates ferry ships for passenger and transportation services. It also engages in wharf and port services; sale of goods at piers and on passenger ferries; bus and transportation services; employment services; and operation as broker and agent. The company was incorporated in 1981 and is headquartered in Surat Thani, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Raja Ferry Port Public Company Limited reported revenue of 695M THB in FY2025 versus 365M THB in FY2021, a compound +17.5%/yr. Reported net income was −66.9M THB in FY2025.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
695M THB
Latest YoY
+12.1%
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.
+9.7%
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.
+6.9%
Avg. revenue growth/yr (12Y) 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.
+0.9%
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 +17.5%/yr
FY21 365M THB
FY22 526M THB
FY23 556M THB
FY24 619M THB
FY25 695M THB
Net income
FY21 −110M THB
FY22 −74.9M THB
FY23 −89.1M THB
FY24 −41.8M THB
FY25 −66.9M THB

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Cite: Fair Value Calculator (2026). "Raja Ferry Port Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/RP

Peer Group

Marine Shipping · 239 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 46 · Below median
Fair Value upside +8% · Above median
Return on assets 1% · Bottom 25%
Net margin (TTM) -8% · Bottom 25%
Operating margin (TTM) 9% · Below median
Revenue growth 12% · Above median
Debt / equity 0.77× · Higher than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 2.3× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE44 · sector 29
FUTURE60 · sector 22
PAST0 · sector 27
HEALTH61 · sector 89
DIVIDEND0 · sector 53

Insider activity: 35/100

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

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,658 ₹1,041 -37%
A.P. Møller - Mærsk A/S MAERSKA kr 20,040 kr 20,077 +0%
COSCO SHIPPING Holdings 601919 ¥15.25 ¥49.90 +227%
Hapag-Lloyd Aktiengesellschaft, HLAG €134.30 €88.00 -34%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.15 +19%
HMM Co 011200 21,350 KRW 33,795 KRW +58%
Orient Overseas (International) Limited 0316 HK$166.90 HK$237.61 +42%
Ningbo Zhoushan Port Company 601018 ¥3.39 ¥5.58 +65%
Qingdao Port International Co 601298 ¥8.69 ¥15.97 +84%
JSW Infrastructure Limited JSWINFRA ₹329.85 ₹122.71 -63%

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Frequently asked questions

Is Raja Ferry Port Public Company Limited (RP) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 0.6840 THB versus a price of 0.6300 THB, about +9% (fairly valued).
What is the fair value of RP?
Our model-based fair value for Raja Ferry Port Public Company Limited is 0.6840 THB (as of Aug 20, 2026), built from audited fundamentals. The current price: 0.6300 THB.
What is the quality score of RP?
Raja Ferry Port Public Company Limited has a Quality Score of 46/100. 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 Raja Ferry Port Public Company Limited (RP)?
Raja Ferry Port Public Company Limited reported trailing-twelve-month revenue of about 716M THB (latest available figure, as of Aug 20, 2026).
What is the net profit margin of RP?
The net profit margin of Raja Ferry Port Public Company Limited is about -7.8%, 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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