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Right Tunnelling Public Company (RT) Fair Value & Analysis

Industrials · TH · Market cap 428M THB

RT Right Tunnelling Public Company RT · BK
Price0.2600 THB
Fair Value0.1360 THB
Upside-47.7%
Quality30/100
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Mixed Growth
Thin margins · 3.1% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 30/100
Evidence: High Range 0.1020 THB – 0.1785 THB Share as image

Fair value as of: Jul 16, 2026

From 23 valuation models · updated 25 days ago

Share price −10.3% over the past month.

Below-average quality, and screening another 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.1785 THB). The favourable scenario is already priced in.
  • Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

2.80 THB 0.2400 THB Fair Value 0.1360 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.2400 THB – 2.80 THB · fair‑value band 0.1020 THB – 0.1785 THB · the 0.2600 THB price screens above the 0.1360 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Right Tunnelling Public Company (RT) currently trades at 0.2600 THB, while our model-based Fair Value estimate is 0.1360 THB, implying the stock looks roughly 47.7% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Industrials 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, Right Tunnelling Public Company generated revenue of 3.7B THB at a net margin of 3.1%. Revenue grew 33.4% year over year. It earns a return on equity of 8.9%. Net debt stands at 2.4B THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.1020 THB (bear case) to 0.1785 THB (bull case); at 0.2600 THB, the current price sits above 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 24% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -48%, RT 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 1.40 THB 1.95 THB 2.59 THB 80
Residual Income 0.5800 THB 0.5300 THB 0.3500 THB 76
Rev-Margin DCF 0.9400 THB 1.48 THB 2.06 THB 74
All 23 models by family
DCF Models
FCF DCF 1.37 THB 1.97 THB 2.71 THB 38
Owner Earnings 0.2800 THB 0.5100 THB 0.7800 THB 31
5Y Revenue Exit 0.9400 THB 1.45 THB 2.06 THB 39
5Y EBITDA Exit 1.53 THB 2.49 THB 3.55 THB 41
5Y P/E Exit 0.4300 THB 0.5400 THB 0.6300 THB 38
10Y Revenue Exit 1.08 THB 1.54 THB 2.09 THB 36
10Y EBITDA Exit 1.44 THB 2.18 THB 3.08 THB 37
10Y P/E Exit 0.8200 THB 0.9800 THB 1.14 THB 35
Earnings-Based
Graham-Dodd 0.0500 THB 0.1200 THB 0.1600 THB 54
PEG = 1.0 0.0200 THB 0.0300 THB 0.0400 THB 46
EPV 0.4800 THB 0.6000 THB 0.6900 THB 59
Multiples
P/E Multiple 0.1200 THB 0.1600 THB 0.2100 THB 63
P/S Multiple 0.1000 THB 0.1300 THB 0.1700 THB 58
P/B Multiple 0.1000 THB 0.1300 THB 0.1700 THB 55
EV/EBIT 1.13 THB 1.62 THB 2.11 THB 53
EV/EBITDA 1.92 THB 2.68 THB 3.44 THB 54
EV/Revenue 0.7000 THB 1.16 THB 1.61 THB 43
Asset-Based
NCAV (Graham) 0.4600 THB 0.6100 THB 0.9100 THB 50
Growth DCF
Growth DCF 1.40 THB 1.95 THB 2.59 THB 80
Rev-Margin DCF 0.9400 THB 1.48 THB 2.06 THB 74
Economic Profit
Residual Income 0.5800 THB 0.5300 THB 0.3500 THB 76
ROIC Compounder 0.4800 THB 0.6000 THB 0.6900 THB 72
Growth Earnings
Growth-Adj P/E 0.0900 THB 0.1300 THB 0.1700 THB 68

Widest divergence: Growth DCF (1.48 THB) versus Earnings-Based (0.1200 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.7B THB
Revenue growth (YoY) +33.4%
Net margin 3.1%
Return on equity 8.9%
Free cash flow 288M THB FY2025
P/E ratio 3.6
More key figures
Operating margin 4.6%
EPS (TTM) 0.0800 THB
EPS growth (YoY) +330%
Net debt 2.4B THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 31 · Market factors (momentum, volatility) 45

Profitability 20
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 0
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

Right Tunnelling Public Company Limited, together with its subsidiaries, engages in the provision of construction services, open and underground rock excavation, dam excavation, and other construction works in Thailand, Myanmar, the Lao People's Democratic Republic, and Cambodia. It is also involved in mineral exploration activities.

Full company description

Right Tunnelling Public Company Limited, together with its subsidiaries, engages in the provision of construction services, open and underground rock excavation, dam excavation, and other construction works in Thailand, Myanmar, the Lao People's Democratic Republic, and Cambodia. It is also involved in mineral exploration activities. The company was incorporated in 2000 and is based in Samut Prakan, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Right Tunnelling Public Company reported revenue of 3.5B THB in FY2025 versus 2.5B THB in FY2021, a compound +8.9%/yr. Reported net income was 11.6M THB in FY2025, compounding −27.4%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.5B THB
Latest YoY
−3.7%
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.
+19.4%
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.
+4.1%
Avg. growth/yr (9Y) 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.
+3.5%
Revenue +8.9%/yr
FY21 2.5B THB
FY22 2.0B THB
FY23 3.1B THB
FY24 3.6B THB
FY25 3.5B THB
Net income −27.4%/yr
FY21 41.6M THB
FY22 −312M THB
FY23 40.4M THB
FY24 71.1M THB
FY25 11.6M THB

RT screens 48% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Right Tunnelling Public Company Fair Value". https://www.fairvalue-calculator.com/stock/RT

Peer Group

Engineering & Construction · 839 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 30 · Bottom 25%
Fair Value upside −48% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 33% · Top 25%
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 3.6× · Cheaper than 75% of peers
P/B 0.32× · Cheaper than 75% of peers
P/S (TTM) 0.12× · Cheaper than 75% of peers
P/FCF 0.0× · 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.

VALUE 0 · sector 16
FUTURE 100 · sector 17
PAST 36 · sector 26
HEALTH 76 · sector 94
DIVIDEND 0 · sector 33

VALUE 0: the price sits above our fair-value range.

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Right Tunnelling Public Company (RT) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.1360 THB versus a price of 0.2600 THB, about −48% (overvalued).
What is the fair value of RT?
Our model-based fair value for Right Tunnelling Public Company is 0.1360 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.2600 THB.
What is the quality score of RT?
Right Tunnelling Public Company has a Quality Score of 30/100. 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 Right Tunnelling Public Company (RT)?
Right Tunnelling Public Company reported trailing-twelve-month revenue of about 3.7B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of RT?
The net profit margin of Right Tunnelling Public Company is about 3.1%, meaning it keeps roughly 3.1% 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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