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Simat Technologies Public Company (SIMAT) Fair Value & Analysis

Technology · TH · Market cap 804M THB

ST Simat Technologies Public Company SIMAT · BK
Price1.15 THB
Fair Value1.59 THB
Upside+38.3%
Quality40/100
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Weak Growth
Thin margins · 4.7% net margin
Low debt · negative free cash flow
7.14% dividend yield
Mixed vs. peers (7/13)
Narrow moat 36/100
Evidence: Medium Range 1.26 THB – 2.07 THB Share as image

Fair value as of: Jul 15, 2026

From 15 valuation models · updated 26 days ago

Share price −8.7% over the past month.

Below-average quality, screening 38% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (1.26 THB). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

5.94 THB 0.6908 THB Fair Value 1.59 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 0.6908 THB – 5.94 THB · fair‑value band 1.26 THB – 2.07 THB · the 1.15 THB price screens below the 1.59 THB fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Simat Technologies Public Company (SIMAT) currently trades at 1.15 THB, while our model-based Fair Value estimate is 1.59 THB, implying the stock looks roughly 38.3% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Technology 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: medium), always confirm before acting.

Over the trailing twelve months, Simat Technologies Public Company generated revenue of 972M THB at a net margin of 4.7%. Revenue declined 8.1% year over year. It earns a return on equity of 4.0%. Net debt stands at 698M THB. Fundamentals as of Jul 15, 2026

Our scenario range runs from 1.26 THB (bear case) to 2.07 THB (bull case); at 1.15 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 71% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 38%, SIMAT 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
Residual Income 1.21 THB 1.25 THB 1.21 THB 76
ROIC Compounder 0.5900 THB 0.6800 THB 0.7600 THB 72
Gordon GGM 0.6300 THB 0.9200 THB 1.20 THB 70
All 15 models by family
Earnings-Based
Graham-Dodd 0.6800 THB 1.49 THB 1.90 THB 54
PEG = 1.0 0.2400 THB 0.3400 THB 0.4400 THB 46
EPV 0.5900 THB 0.6800 THB 0.7600 THB 59
Dividend Discount
Gordon GGM 0.6300 THB 0.9200 THB 1.20 THB 70
DDM Multi-Stage 0.6300 THB 0.8600 THB 1.09 THB 61
Multiples
P/E Multiple 1.49 THB 1.99 THB 2.49 THB 63
P/S Multiple 1.27 THB 1.69 THB 2.11 THB 58
P/B Multiple 1.27 THB 1.69 THB 2.11 THB 55
EV/EBIT 1.24 THB 1.69 THB 2.14 THB 53
EV/EBITDA 2.79 THB 3.76 THB 4.73 THB 54
EV/Revenue 0.7900 THB 1.19 THB 1.58 THB 43
Asset-Based
NCAV (Graham) 0.8000 THB 1.07 THB 1.60 THB 50
Economic Profit
Residual Income 1.21 THB 1.25 THB 1.21 THB 76
ROIC Compounder 0.5900 THB 0.6800 THB 0.7600 THB 72
Growth Earnings
Growth-Adj P/E 1.11 THB 1.59 THB 2.07 THB 68

Widest divergence: Multiples (1.69 THB) versus Earnings-Based (0.6800 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 972M THB
Revenue growth (YoY) -8.1%
Net margin 4.7%
Return on equity 4.0%
Free cash flow −178M THB FY2025
P/E ratio 17.7
More key figures
Operating margin 8.9%
EPS (TTM) 0.0700 THB
Dividend yield 7.1%
EPS growth (YoY) -78.7%
Net debt 698M THB FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 39 · Market factors (momentum, volatility) 50

Profitability 29
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 83
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

Simat Technologies Public Company Limited trades in computer hardware, software and network accessories, and computer information technology system development in Thailand, Malaysia, and Vietnam.

Full company description

Simat Technologies Public Company Limited trades in computer hardware, software and network accessories, and computer information technology system development in Thailand, Malaysia, and Vietnam. The company offers hardware products, including barcode printers, such as barcode and label printers, and mobile printers; barcode scanners, including corded and cordless barcode scanners, and micro kiosks; card printers; face recognition; mobile computers; solar cell; and wireless and networking products, as well as radio frequency identification antennas, barcode printers, and barcode readers. It also provides self-adhesive label stickers, such as ribbonless label, antistatic label materials, high temperature, healthcare, and barcode and serialize labels. In addition, the company offers software products comprising ManageSales, a sales force automation system; ManageWare, a warehouse management system solution; MobileNET; and Sky Frog. Further, it provides project management, implementation and training, helpdesk support, software customization and maintenance, custom software development, and technical services. Additionally, the company provides telecommunication services; internet; cable television; infrastructure systems for the electrical system; and sells, leases, and services related to X-ray machines, CT scanners, medical equipment, dialysis, and radiology, as well as produce and sells sticker, label, silk screen printing, and raw materials for making stickers; design, develop, sale, and maintain engineering systems, electrical equipment, and energy; and wholesaler of barcode, productions and RFID, and papers and related supplies. Simat Technologies Public Company Limited was founded in 1995 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Simat Technologies Public Company reported revenue of 993M THB in FY2025 versus 971M THB in FY2021, a compound +0.5%/yr. Reported net income was 64.5M THB in FY2025, compounding −10.2%/yr from FY2021.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
993M THB
Latest YoY
+8.6%
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.
+2.6%
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.
−0.5%
Avg. growth/yr (19Y) 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.
+6.7%
Revenue +0.5%/yr
FY21 971M THB
FY22 920M THB
FY23 871M THB
FY24 914M THB
FY25 993M THB
Net income −10.2%/yr
FY21 99.3M THB
FY22 84.6M THB
FY23 24.2M THB
FY24 40.7M THB
FY25 64.5M THB

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Cite: Fair Value Calculator (2026). "Simat Technologies Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SIMAT

Peer Group

Electronics & Computer Distribution · 151 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 40 · Bottom 25%
Fair Value upside +38% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 5% · Top 25%
Operating margin (TTM) 9% · Top 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 7.1% · Top 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 17.7× · Cheaper than median
P/B 0.77× · Cheaper than median
P/S (TTM) 0.83× · Pricier than 75% of peers
EV/EBITDA 5.7× · Cheaper than median

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 84 · sector 14
FUTURE 0 · sector 57
PAST 16 · sector 36
HEALTH 94 · sector 98
DIVIDEND 100 · sector 39

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is Simat Technologies Public Company (SIMAT) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 1.59 THB versus a price of 1.15 THB, about +38% (undervalued).
What is the fair value of SIMAT?
Our model-based fair value for Simat Technologies Public Company is 1.59 THB (as of Jul 15, 2026), built from audited fundamentals. The current price is 1.15 THB.
What is the quality score of SIMAT?
Simat Technologies Public Company has a Quality Score of 40/100. 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 Simat Technologies Public Company (SIMAT)?
Simat Technologies Public Company reported trailing-twelve-month revenue of about 972M THB (latest available figure, as of Jul 15, 2026).
What is the net profit margin of SIMAT?
The net profit margin of Simat Technologies Public Company is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does Simat Technologies Public Company pay a dividend?
Simat Technologies Public Company currently shows a dividend yield of about 6.62% relative to its recent price (as of Jul 15, 2026).

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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