SAAM Energy Development Public Company Limited (SAAM) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of SAAM Energy Development Public Company Limited THB 6.34, price THB 4.66, upside +36.1%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2.24 THB – 8.82 THB · fair‑value band 5.34 THB – 7.34 THB · the 4.66 THB price screens below the 6.34 THB fair value. Dashed = 300-day average. As of Sep 24, 2026.
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SAAM Development Public Company Limited, together with its subsidiaries, engages in the production and distribution of electricity from solar energy in Thailand. It operates in two segments, Service and Electrical Sales.
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SAAM Development Public Company Limited, together with its subsidiaries, engages in the production and distribution of electricity from solar energy in Thailand. It operates in two segments, Service and Electrical Sales. The company offers services for the development of renewable energy power plant projects for sale, such as securing locations and related services within projects; and site procurement and service. It also invests in renewable energy power plant businesses and non-energy related businesses. The company was formerly known as SAAM Energy Development Public Company Limited and changed its name to SAAM Development Public Company Limited in September 2021. SAAM Development Public Company Limited was founded in 2007 and is headquartered in Bangkok, Thailand.
Stock analysis
SAAM Energy Development Public Company Limited (SAAM) currently trades at 4.66 THB, while our model-based Fair Value estimate is 6.34 THB, implying the stock looks roughly 26.5% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1.02 THB per share, and 0 of the 4 models we run sit above the 4.66 THB price.
Bear case: the Dividend Discount group reads lowest at 0.6900 THB, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 5.34 THB (bear) to 7.34 THB (bull), the price of 4.66 THB sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Utilities sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
SAAM Energy Development Public Company Limited reported revenue of 71.3M THB in FY2025 versus 71.8M THB in FY2021, a compound −0.2%/yr. Reported net income was −9.7M THB in FY2025.
Key figures
Market cap 1.5B THB (≈ $43.8M) · P/S ratio 20.2 · EPS (TTM) −0.0300 THB · Dividend yield 1.1% · Net margin −13.5% · Return on equity −1.6% · Return on assets (EBIT) 6.3% · Operating margin 31.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at 36%, SAAM screens cheaper than that median.
Fair Value models
Bear 5.34 THBFair Value 6.34 THBBull 7.34 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.4/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+0.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.2%
Start year 2020 (pandemic). Over 10 years: +8.7% a year
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+25.6%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
48.0% (2020) → −8.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare SAAM Energy Development Public Company Limited with another stock
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Peer Groupⓘ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.Utilities - Renewable · 207 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score38 · Below median
Fair Value upside+36% · Top 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−11% · Bottom 25%
Operating margin (TTM)32% · Above median
Growth and dividend
Revenue growth1% · Above median
Dividend yield (TTM)1.1% · Below median
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SAAM Energy Development Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SAAM
Frequently asked questions
Is SAAM Energy Development Public Company Limited (SAAM) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6.34 THB versus a price of 4.66 THB, about +36% upside (undervalued).
What is the fair value of SAAM?
Our model-based fair value for SAAM Energy Development Public Company Limited is 6.34 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 4.66 THB.
What is the quality score of SAAM?
SAAM Energy Development Public Company Limited has a Quality Score of 38/100. 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 price target for SAAM Energy Development Public Company Limited (SAAM)?
Our model-based price target is the fair value of 6.34 THB (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 5.34 THB, optimistic scenario 7.34 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the SAAM Energy Development Public Company Limited stock forecast for 2026?
Our models put fair value at 6.34 THB, about +36% upside versus a price of 4.66 THB (undervalued). Cautious scenario 5.34 THB, optimistic scenario 7.34 THB. The calculation is refreshed regularly with new filings.
What is the revenue of SAAM Energy Development Public Company Limited (SAAM)?
SAAM Energy Development Public Company Limited reported trailing-twelve-month revenue of about 73.3M THB (latest available figure, as of Sep 24, 2026).
Does SAAM Energy Development Public Company Limited pay a dividend?
SAAM Energy Development Public Company Limited currently shows a dividend yield of about 1.07% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of SAAM Energy Development Public Company Limited (SAAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SAAM Energy Development Public Company Limited it is 6.34 THB per share (as of Sep 24, 2026), against a price of 4.66 THB. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is SAAM Energy Development Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SAAM trades below its calculated fair value: price 4.66 THB, fair value 6.34 THB, a gap of about +36% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SAAM?
No. The price is what the market pays today (4.66 THB); the fair value is what the company's own numbers justify (6.34 THB). For SAAM Energy Development Public Company Limited the two are 1.68 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is SAAM Energy Development Public Company Limited worth?
The market values SAAM Energy Development Public Company Limited at about 1.5B THB (market capitalisation, as of Sep 24, 2026). Per share that is 4.66 THB; our models calculate a fair value of 6.34 THB per share.
What do the bullish and bearish scenarios say about SAAM?
Our models span a range for SAAM Energy Development Public Company Limited: cautious scenario 5.34 THB, base 6.34 THB, optimistic 7.34 THB per share (as of Sep 24, 2026, price 4.66 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SAAM Energy Development Public Company Limited (SAAM)?
Balance-sheet figures for SAAM Energy Development Public Company Limited (as of Sep 24, 2026): return on equity −1.6%, debt of 0.04 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is SAAM from its 52-week high?
SAAM Energy Development Public Company Limited trades at 4.66 THB, about 17% below its 52-week high of 5.60 THB and 34% above the low of 3.48 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 6.34 THB is for.
Which stocks are comparable to SAAM Energy Development Public Company Limited?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Adani Green Energy Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SAAM Energy Development Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 4.66 THB, calculated fair value 6.34 THB (+36%), Quality Score 38/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SAAM calculated?
We run SAAM Energy Development Public Company Limited through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 6.34 THB, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. SAAM Energy Development Public Company Limited currently trades 36 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SAAM Energy Development Public Company Limited (SAAM)?
The closing price on Sep 24, 2026 was 4.66 THB. Our model-based fair value is 6.34 THB, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SAAM Energy Development Public Company Limited right now?
The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (5.34 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.
Where does the earnings growth of SAAM Energy Development Public Company Limited (SAAM) come from?
Earnings per share at SAAM Energy Development Public Company Limited grew +14.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.8 %, EBIT margin +1.7 %, tax rate −0.6 %, residual (interest, one-offs) +1.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of SAAM Energy Development Public Company Limited
How large is the market capitalisation of SAAM Energy Development Public Company Limited (SAAM)?
The market capitalisation of SAAM Energy Development Public Company Limited is 1.5B THB (≈ $43.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SAAM Energy Development Public Company Limited (SAAM)?
The price-to-sales ratio of SAAM Energy Development Public Company Limited is 20.2 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SAAM Energy Development Public Company Limited (SAAM)?
Earnings per share at SAAM Energy Development Public Company Limited are −0.0300 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SAAM Energy Development Public Company Limited (SAAM)?
The dividend yield of SAAM Energy Development Public Company Limited is 1.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SAAM Energy Development Public Company Limited (SAAM)?
The net margin of SAAM Energy Development Public Company Limited is −13.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SAAM Energy Development Public Company Limited (SAAM)?
The return on equity (ROE) of SAAM Energy Development Public Company Limited is −1.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SAAM Energy Development Public Company Limited (SAAM)?
On an EBIT basis the return on assets of SAAM Energy Development Public Company Limited is 6.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SAAM Energy Development Public Company Limited (SAAM)?
The operating margin of SAAM Energy Development Public Company Limited is 31.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SAAM Energy Development Public Company Limited (SAAM)?
Revenue at SAAM Energy Development Public Company Limited is growing +0.7% versus a year earlier (3y avg −1.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SAAM Energy Development Public Company Limited (SAAM)?
Earnings per share at SAAM Energy Development Public Company Limited are growing +18.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SAAM Energy Development Public Company Limited (SAAM) generate?
The free cash flow of SAAM Energy Development Public Company Limited is −68.9M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does SAAM Energy Development Public Company Limited (SAAM) hold?
SAAM Energy Development Public Company Limited holds more cash than debt, 19.6M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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