EN DE

Sappe Public Company (SAPPE) Fair Value & Analysis

Consumer Defensive · TH · Market cap 10.1B THB

SP Sappe Public Company SAPPE · BK
Price34.25 THB
Fair Value43.71 THB
Upside+27.6%
Quality58/100
Watch Sappe Public Company for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Solidly profitable · 13.4% net margin
Low debt · generates free cash flow
5.51% dividend yield
Ranks above peers (12/15)
Moderate moat 63/100
Evidence: High Range 23.15 THB – 60.08 THB Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 40.07 THB to 43.71 THB (+9.1%) since Jun 24, 2026. Share price +2.2% over the past month.

A solid business, screening 28% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (23.15 THB to 60.08 THB) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

94.58 THB 18.12 THB Fair Value 43.71 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 18.12 THB – 94.58 THB · fair‑value band 23.15 THB – 60.08 THB · the 34.25 THB price screens below the 43.71 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Sappe Public Company (SAPPE) currently trades at 34.25 THB, while our model-based Fair Value estimate is 43.71 THB, implying the stock looks roughly 27.6% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Defensive 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: high), always confirm before acting.

Over the trailing twelve months, Sappe Public Company generated revenue of 5.5B THB at a net margin of 13.4%. Revenue grew 11.7% year over year. It earns a return on equity of 16.3%. The balance sheet holds a net cash position of 582M THB. Fundamentals as of Jul 12, 2026

Our scenario range runs from 23.15 THB (bear case) to 60.08 THB (bull case); at 34.25 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 13% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at 28%, SAPPE 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.

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 15.65 THB 22.72 THB 33.09 THB 80
Residual Income 16.28 THB 19.78 THB 42.08 THB 76
Rev-Margin DCF 18.31 THB 29.33 THB 42.36 THB 74
All 26 models by family
DCF Models
FCF DCF 15.50 THB 23.66 THB 36.53 THB 38
Owner Earnings 23.33 THB 36.31 THB 56.78 THB 31
5Y Revenue Exit 18.31 THB 29.50 THB 44.10 THB 39
5Y EBITDA Exit 27.58 THB 47.27 THB 70.88 THB 41
5Y P/E Exit 30.64 THB 53.13 THB 77.45 THB 38
10Y Revenue Exit 16.61 THB 26.68 THB 40.83 THB 36
10Y EBITDA Exit 23.15 THB 39.19 THB 61.74 THB 37
10Y P/E Exit 25.12 THB 43.31 THB 66.88 THB 35
Earnings-Based
Graham-Dodd 17.42 THB 60.78 THB 81.71 THB 54
Lynch FV 14.13 THB 20.19 THB 26.25 THB 50
PEG = 1.0 14.13 THB 20.19 THB 26.25 THB 46
EPV 23.20 THB 26.69 THB 29.75 THB 59
Dividend Discount
Gordon GGM 21.02 THB 43.71 THB 69.35 THB 70
DDM Multi-Stage 21.02 THB 36.68 THB 45.88 THB 61
Multiples
P/E Multiple 40.36 THB 53.81 THB 67.26 THB 63
P/S Multiple 20.81 THB 27.74 THB 34.68 THB 58
P/B Multiple 32.67 THB 43.56 THB 54.45 THB 55
EV/EBIT 37.15 THB 48.78 THB 60.41 THB 53
EV/EBITDA 37.44 THB 49.17 THB 60.90 THB 54
EV/Revenue 20.46 THB 28.26 THB 36.07 THB 43
Asset-Based
NCAV (Graham) 7.16 THB 9.59 THB 14.31 THB 50
Growth DCF
Growth DCF 15.65 THB 22.72 THB 33.09 THB 80
Rev-Margin DCF 18.31 THB 29.33 THB 42.36 THB 74
Economic Profit
Residual Income 16.28 THB 19.78 THB 42.08 THB 76
ROIC Compounder 24.96 THB 31.50 THB 39.44 THB 72
Growth Earnings
Growth-Adj P/E 34.76 THB 49.66 THB 64.56 THB 68

Widest divergence: Growth Earnings (49.66 THB) versus Asset-Based (9.59 THB). Highest evidence: Growth DCF (80).

Notify me when SAPPE reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 5.5B THB
Revenue growth (YoY) +11.7%
Net margin 13.4%
Return on equity 16.3%
Free cash flow 343M THB FY2025
P/E ratio 12.7
More key figures
Operating margin 17.7%
EPS (TTM) 2.39 THB
EPS growth (YoY) -19.2%
Net cash 582M THB FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 59 · Market factors (momentum, volatility) 58

Profitability 71
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 85
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

Sappe Public Company Limited, together with its subsidiaries, manufactures and distributes health drinking, food, and coconut products in Thailand, Asia, Europe, the United States, and internationally. The company operates through two segments, Health Drinking Products and Coconut Products.

Full company description

Sappe Public Company Limited, together with its subsidiaries, manufactures and distributes health drinking, food, and coconut products in Thailand, Asia, Europe, the United States, and internationally. The company operates through two segments, Health Drinking Products and Coconut Products. It offers ready-to-drink fruit juices, functional drinks, functional powders, snacks, supplements, jellies, distribution of candy and coffee products. In addition, the company offers provision of group management service and digital transformation products. The company sells its products under the Mogu Mogu, Sappe Aloe Vera, Maxtive, Preaw, Gumi Gumi Jelly, B'lue, all coco, and Sappe Beauty brand names. The company was formerly known as Sapanan General Food Company Limited and changed its name to Sappe Public Company Limited in September 2013. Sappe Public Company Limited was founded in 1973 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sappe Public Company reported revenue of 5.3B THB in FY2025 versus 3.4B THB in FY2021, a compound +11.1%/yr. Reported net income was 776M THB in FY2025, compounding +17.2%/yr from FY2021.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.3B THB
Latest YoY
−22.5%
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.
+4.8%
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.
+10.0%
Avg. growth/yr (13Y) 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.
+8.4%
Revenue +11.1%/yr
FY21 3.4B THB
FY22 4.6B THB
FY23 6.1B THB
FY24 6.8B THB
FY25 5.3B THB
Net income +17.2%/yr
FY21 411M THB
FY22 653M THB
FY23 1.1B THB
FY24 1.3B THB
FY25 776M THB
Character of growth · EPS growth decomposed (2014-2025) +11.8 % p.a.
Revenue per share +8.7 pp

of which total revenue +9.4 pp · buybacks/dilution −0.7 pp

EBIT margin +2.7 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +0.3 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).

Watch SAPPE: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Sappe Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SAPPE

Peer Group

Beverages - Non-Alcoholic · 92 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 58 · Below median
Fair Value upside +28% · Top 25%
Return on equity (TTM) 16% · Above median
Return on assets 9% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 12% · Above median
Dividend yield (TTM) 5.5% · Top 25%

Valuation Multiples vs Beverages - Non-Alcoholic median · lower = cheaper

P/E (TTM) 14.0× · Cheaper than median
P/B 2.34× · Pricier than median
P/S (TTM) 1.85× · Pricier than median
P/FCF 0.9× · Cheaper than median
EV/EBITDA 8.1× · Cheaper than median
PEG 0.62× · 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 70 · sector 27
FUTURE 59 · sector 44
PAST 65 · sector 48
HEALTH 100 · sector 95
DIVIDEND 100 · sector 46

Insider activity: 35/100

Values & ESG

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

Alcohol

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

Similar stocks

10 more Beverages - Non-Alcoholic stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
The Coca-Cola Company KO $87.05 $36.57 -58%
PepsiCo, Inc PEP $139.02 $106.91 -23%
Monster Beverage Corporation MNST $97.50 $35.82 -63%
Nongfu Spring Co 9633 HK$41.44 HK$30.72 -26%
Coca-Cola Europacific Partners PLC CCEP €92.10 €85.41 -7%
Keurig Dr Pepper Inc KDP $31.25 $30.99 -1%
Coca-Cola FEMSA, S.A. KOF $102.04 $106.45 +4%
Coca-Cola HBC AG EEE €57.90 €52.82 -9%
Varun Beverages Limited VBL ₹495.70 ₹187.49 -62%
Eastroc Beverage (Group) Co 605499 ¥124.43 ¥107.57 -14%

Compare Sappe Public Company with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Sappe Public Company (SAPPE) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 43.71 THB versus a price of 34.25 THB, about +28% (undervalued).
What is the fair value of SAPPE?
Our model-based fair value for Sappe Public Company is 43.71 THB (as of Jul 12, 2026), built from audited fundamentals. The current price is 34.25 THB.
What is the quality score of SAPPE?
Sappe Public Company has a Quality Score of 58/100. 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 Sappe Public Company (SAPPE)?
Sappe Public Company reported trailing-twelve-month revenue of about 5.5B THB (latest available figure, as of Jul 12, 2026).
What is the net profit margin of SAPPE?
The net profit margin of Sappe Public Company is about 13.4%, meaning it keeps roughly 13.4% 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.

14 days Pro free · no card

Track Sappe Public Company and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.