SAAM Development Public Company (SAAM) Fair Value & Analysis
Utilities · TH · Market cap 1.5B THB
Fair value as of: Jul 13, 2026
From 4 valuation models · updated 28 days ago
Fair value updated Jul 13, 2026, revised from 2.75 THB to 6.32 THB (+129.8%) since Jun 24, 2026.
Below-average quality, screening 35% undervalued on our models.
What matters 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 (5.32 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range 1.16 THB – 8.82 THB · fair‑value band 5.32 THB – 7.31 THB · the 4.68 THB price screens below the 6.32 THB fair value. Dashed = 300-day average. As of Jul 13, 2026.
Analysis
SAAM Development Public Company (SAAM) currently trades at 4.68 THB, while our model-based Fair Value estimate is 6.32 THB, implying the stock looks roughly 35.0% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Utilities 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, SAAM Development Public Company generated revenue of 73.3M THB at a net margin of -10.8%. Revenue grew 0.7% year over year. It earns a return on equity of -1.6%. The balance sheet holds a net cash position of 19.6M THB. Fundamentals as of Jul 13, 2026
Our scenario range runs from 5.32 THB (bear case) to 7.31 THB (bull case); at 4.68 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 31% below its 52-week high and 64% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 35%, SAAM 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.
All 4 models by family
Widest divergence: Asset-Based (1.02 THB) versus Multiples (0.2700 THB). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 48
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SAAM Development Public Company 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.
of which total revenue +11.8 pp · buybacks/dilution +0.0 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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Peer Group
Utilities - Renewable · 220 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 Utilities - Renewable 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.
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥27.99 | ¥25.13 | -10% |
| Ørsted A/S ORSTED | kr 149.70 | kr 31.40 | -79% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.81 | ¥5.57 | -43% |
| Adani Green Energy Limited ADANIGREEN | ₹1,537 | ₹170.50 | -89% |
| AXIA Energia SA AXIAP | $10.74 | $9.65 | -10% |
| VERBUND AG OEWA | €58.65 | €66.19 | +13% |
| BEP BEP | $32.33 | $73.35 | +127% |
| BEPUN BEPUN | C$44.56 | C$10.15 | -77% |
| Fortum Oyj FORTUM | €19.89 | €13.90 | -30% |
| China Longyuan Power Group 001289 | ¥16.21 | ¥8.23 | -49% |
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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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