Scan Inter PCL (SCN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Scan Inter PCL THB 1.23, price THB 0.49, upside +151.0%, quality 49 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 0.3300 THB – 2.93 THB · fair‑value band 0.8500 THB – 1.52 THB · the 0.4900 THB price screens below the 1.23 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Scan Inter Public Company Limited, together with its subsidiaries, primarily engages in trading natural gas through natural gas vehicle (NGV) service stations in Thailand. It operates through four segments: Gas and Oil Related Business; Natural Gas Vehicles Related Business; Renewable Energy; and Transportation Business.
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Scan Inter Public Company Limited, together with its subsidiaries, primarily engages in trading natural gas through natural gas vehicle (NGV) service stations in Thailand. It operates through four segments: Gas and Oil Related Business; Natural Gas Vehicles Related Business; Renewable Energy; and Transportation Business. The company engages in trading of gas through NGV service stations for vehicles; providing services for quality improvement of natural gas, and repair and maintenance services for NGV service stations; and trading of related parts and equipment. It is also involved in the design and installation of gas systems in vehicles, as well as the testing of vehicle cylinders; and repair and maintenance of vehicles and natural gas buses. In addition, the company operates a solar power plant; and offers transportation services. Scan Inter Public Company Limited was founded in 1988 and is based in Nonthaburi, Thailand.
Stock analysis
Scan Inter PCL (SCN) currently trades at 0.4900 THB, while our model-based Fair Value estimate is 1.23 THB, implying the stock looks roughly 60.2% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 1.40 THB per share, and 9 of the 10 models we run sit above the 0.4900 THB price.
Bear case: the Multiples group reads lowest at 0.3400 THB, and 1 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.8500 THB (bear) to 1.52 THB (bull), the price of 0.4900 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 49/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Scan Inter PCL reported revenue of 1.3B THB in FY2025 versus 1.7B THB in FY2021, a compound −5.8%/yr. Reported net income was −371M THB in FY2025.
Key figures
Market cap 595M THB (≈ $17.8M) · P/S ratio 0.39 · EPS (TTM) −0.2100 THB · Net margin −27.9% · Return on equity −9.4% · Return on assets (EBIT) 1.9% · Operating margin 8.0% · Revenue (TTM) 1.2B THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −11% fair-value upside, at 151%, SCN screens cheaper than that median.
Fair Value models
Bear 0.8500 THBFair Value 1.23 THBBull 1.52 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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−16.7%
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.
−1.7%
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.
−2.3%
Start year 2020 (pandemic). Over 10 years: −4.4% a year
Revenue growth 14 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.
−1.0%
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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.
8.5% (2020) → −4.0% (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
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +12.8% a year for the price.
Price, fair value, quality and upside side by side.
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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 - Regulated Gas · 107 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+151% · Top 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−29% · Bottom 25%
Operating margin (TTM)8% · Below median
Growth and dividend
Revenue growth−28% · Bottom 25%
Balance sheet
Debt / equity0.13× · Below median
Valuation Multiplesvs Utilities - Regulated Gas 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). "Scan Inter PCL Fair Value". https://www.fairvalue-calculator.com/stock/SCN
Frequently asked questions
Is Scan Inter PCL (SCN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1.23 THB versus a price of 0.4900 THB, about +151% upside (undervalued).
What is the fair value of SCN?
Our model-based fair value for Scan Inter PCL is 1.23 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.4900 THB.
What is the quality score of SCN?
Scan Inter PCL has a Quality Score of 49/100. 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 Scan Inter PCL (SCN)?
Our model-based price target is the fair value of 1.23 THB (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 0.8500 THB, optimistic scenario 1.52 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Scan Inter PCL stock forecast for 2026?
Our models put fair value at 1.23 THB, about +151% upside versus a price of 0.4900 THB (undervalued). Cautious scenario 0.8500 THB, optimistic scenario 1.52 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Scan Inter PCL (SCN)?
Scan Inter PCL reported trailing-twelve-month revenue of about 1.2B THB (latest available figure, as of Sep 24, 2026).
What growth is priced into Scan Inter PCL (SCN)?
For today's price to be fair in a discounted-cash-flow model, Scan Inter PCL would have to grow free cash flow by +14.1 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SCN use?
Our models discount Scan Inter PCL at 11.6 %: a base by market capitalisation (nano), country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Scan Inter PCL that is +14.1 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Scan Inter PCL (SCN) delivered so far?
Over the past 5 years revenue at Scan Inter PCL grew -2.3 % a year. The price currently implies +14.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Scan Inter PCL (SCN) growing?
The median revenue growth in the sector is +0.7 % a year. That is the yardstick for the growth priced into Scan Inter PCL (+14.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Scan Inter PCL (SCN)?
The free-cash-flow yield on the price is 21.37 %: that much free cash flow Scan Inter PCL produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Scan Inter PCL (SCN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Scan Inter PCL it is 1.23 THB per share (as of Sep 24, 2026), against a price of 0.4900 THB. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Scan Inter PCL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SCN trades below its calculated fair value: price 0.4900 THB, fair value 1.23 THB, a gap of about +151% (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 SCN?
No. The price is what the market pays today (0.4900 THB); the fair value is what the company's own numbers justify (1.23 THB). For Scan Inter PCL the two are 0.7400 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Scan Inter PCL worth?
The market values Scan Inter PCL at about 595M THB (market capitalisation, as of Sep 24, 2026). Per share that is 0.4900 THB; our models calculate a fair value of 1.23 THB per share.
What do the bullish and bearish scenarios say about SCN?
Our models span a range for Scan Inter PCL: cautious scenario 0.8500 THB, base 1.23 THB, optimistic 1.52 THB per share (as of Sep 24, 2026, price 0.4900 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Scan Inter PCL (SCN)?
Balance-sheet figures for Scan Inter PCL (as of Sep 24, 2026): return on equity −9.4%, debt of 0.13 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is SCN from its 52-week high?
Scan Inter PCL trades at 0.4900 THB, about 13% below its 52-week high of 0.5600 THB and 48% above the low of 0.3300 THB (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1.23 THB is for.
Which stocks are comparable to Scan Inter PCL?
From the same area (Utilities) we also value Naturgy Energy Group, Atmos Energy Corporation, NiSource Inc, Uniper SE, 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 Scan Inter PCL stock attractive at the current price?
The data as of Sep 24, 2026: price 0.4900 THB, calculated fair value 1.23 THB (+151%), Quality Score 49/100, from 10 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 SCN calculated?
We run Scan Inter PCL through 10 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 1.23 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 14.1 % above its aggregate fair value. Scan Inter PCL currently trades 151 % 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 Scan Inter PCL (SCN)?
The closing price on Sep 23, 2026 was 0.4900 THB. Our model-based fair value is 1.23 THB, about +151% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Scan Inter PCL right now?
The price is below even our cautious bear case (0.8500 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 (49/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Scan Inter PCL
How large is the market capitalisation of Scan Inter PCL (SCN)?
The market capitalisation of Scan Inter PCL is 595M THB (≈ $17.8M). 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 Scan Inter PCL (SCN)?
The price-to-sales ratio of Scan Inter PCL is 0.39 (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 Scan Inter PCL (SCN)?
Earnings per share at Scan Inter PCL are −0.2100 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Scan Inter PCL (SCN)?
The net margin of Scan Inter PCL is −27.9% (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 Scan Inter PCL (SCN)?
The return on equity (ROE) of Scan Inter PCL is −9.4% (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 Scan Inter PCL (SCN)?
On an EBIT basis the return on assets of Scan Inter PCL is 1.9% (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 Scan Inter PCL (SCN)?
The operating margin of Scan Inter PCL is 8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Scan Inter PCL (SCN)?
Revenue at Scan Inter PCL is growing −27.8% versus a year earlier (3y avg −1.7%). 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 Scan Inter PCL (SCN)?
Earnings per share at Scan Inter PCL are growing +10.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Scan Inter PCL (SCN) carry?
The net debt of Scan Inter PCL is 2.1B THB (fiscal year 2025, ≈ 16.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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