Rayong Wire Industries Public Company (RWI) Fair Value & Analysis

Basic Materials · TH · Market cap 146M THB

A solid business, screening 188% undervalued on our models.

What matters now

• The price is below even our cautious bear case (0.3500 THB). The market is more pessimistic than our downside scenario.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.1500 THB – 2.50 THB · fair‑value band 0.3500 THB – 0.5600 THB · the 0.1600 THB price screens below the 0.4600 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Rayong Wire Industries Public Company (RWI) currently trades at 0.1600 THB, while our model-based Fair Value estimate is 0.4600 THB, implying the stock looks roughly 187.5% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials 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: low), always confirm before acting.

Over the trailing twelve months, Rayong Wire Industries Public Company generated revenue of 472M THB at a net margin of -25.6%. Revenue declined 25.1% year over year. It earns a return on equity of -12.8%. The balance sheet holds a net cash position of 89.9M THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.3500 THB (bear case) to 0.5600 THB (bull case); at 0.1600 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 58% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 188%, RWI 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.

Widest divergence: Multiples (0.7400 THB) versus Growth DCF (0.6400 THB). Highest evidence: Growth DCF (72).

Key figures & financial health

Quality Score breakdown

About the company

Rayong Wire Industries Public Company Limited engages in the manufacturing and distribution of prestressed concrete wire, prestressed concrete strand wire, and welding wire in Thailand. The company offers pre-stressed concrete wires for use in the production of piles, electricity poles, finished floor slabs, and concrete railroad tiles.

Full company description

Rayong Wire Industries Public Company Limited engages in the manufacturing and distribution of prestressed concrete wire, prestressed concrete strand wire, and welding wire in Thailand. The company offers pre-stressed concrete wires for use in the production of piles, electricity poles, finished floor slabs, and concrete railroad tiles. It also provides pre-stressed concrete strand wires that are used in construction works, including bridge beams, elevated roads, large-sized piles, and silos. In addition, the company offers hard drawn wires for use in mattress, auto parts, wire mesh, and spring industries; low carbon steel wires, which are used in piling industry, electricity posts, and drains; and wire mesh products used in the construction of roads, buildings, and finished walls. Rayong Wire Industries Public Company Limited was incorporated in 1994 and is based in Rayong, Thailand. Rayong Wire Industries Public Company Limited is a subsidiary of Capital Engineering Network Public Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rayong Wire Industries Public Company reported revenue of 466M THB in FY2025 versus 879M THB in FY2021, a compound −14.7%/yr. Reported net income was −121M THB in FY2025.

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Peer Group

Steel · 379 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.

Valuation Multiples vs Steel median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.