Siam Steel International Public Company (SIAM) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 469M THB

A solid business, but screening 19% overvalued on our models.

What matters now

• Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
• Our model range runs from 0.4700 THB (bear) to 0.7900 THB (bull), base 0.6300 THB. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 60/100 (solid quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 0.6100 THB – 2.56 THB · fair‑value band 0.4700 THB – 0.7900 THB · the 0.7800 THB price screens above the 0.6300 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Siam Steel International Public Company (SIAM) currently trades at 0.7800 THB, while our model-based Fair Value estimate is 0.6300 THB, implying the stock looks roughly 19.2% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Siam Steel International Public Company generated revenue of 1.4B THB at a net margin of 2.0%. Revenue declined 34.2% year over year. It earns a return on equity of 1.0%. The balance sheet holds a net cash position of 308M THB. Fundamentals as of Jul 14, 2026

Our scenario range runs from 0.4700 THB (bear case) to 0.7900 THB (bull case); at 0.7800 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 38% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -19%, SIAM screens richer 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: Growth DCF (3.11 THB) versus Earnings-Based (0.3100 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Siam Steel International Public Company Limited, together with its subsidiaries, engages in the manufacture and sale of steel office equipment, and furniture parts in Thailand. The company is involved in construction business.

Full company description

Siam Steel International Public Company Limited, together with its subsidiaries, engages in the manufacture and sale of steel office equipment, and furniture parts in Thailand. The company is involved in construction business. Its steel and wooden furniture products include cabinets, lockers, and combine furniture systems; desks and tables; chairs; partitions; safes; shelving systems; and furniture for stadiums comprising bleachers and folding stages. In addition, the company provides prefabricated building systems that consist of permanent buildings, which includes business hotels, convenience stores, showrooms, etc.; temporary buildings, such as mobile offices, mobile clinics, mobile toilets, etc.; and storage buildings, which consists of telecom shelters, warehouse units, soundproof rooms, etc. Further, it offers special products, such as flood protection panel and related products, bathroom pods, smart wall systems, earthquake and seismic retrofits, bulletproof security products, and steel structure solutions, as well as building materials, including doors, staircases, etc. Additionally, the company invests in solar energy plants and alternative energy; and manufactures and distributes solar equipment and fuel stick. Furthermore, it manufactures and distributes plastic laminate products, and motorcycle parts, as well as offers electrical appliances and supplies, such as wire, pipe, and downstream equipment. The company provides nursing facilities and offers movable instant office and restroom nstant facilities. It offers its products under the Lucky, Kingdom, Siamsteel, Okamura, Chitose, and Pilot brand names. The company was founded in 1953 and is headquartered in Phra Pradaeng, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Siam Steel International Public Company reported revenue of 1.4B THB in FY2025 versus 1.7B THB in FY2021, a compound −5.4%/yr. Reported net income was 22.1M THB in FY2025, compounding +114.4%/yr from FY2021.

SIAM screens 19% overvalued. Compare with Midea Group →

Peer Group

Furnishings, Fixtures & Appliances · 311 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 Furnishings, Fixtures & Appliances 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.