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Srithai Superware Public Company (SITHAI) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 2.9B THB

SS Srithai Superware Public Company SITHAI · BK
Price1.13 THB
Fair Value1.37 THB
Upside+21.2%
Quality61/100
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Weak Growth
Thin margins · 3.5% net margin
Low debt · generates free cash flow
5.56% dividend yield
Ranks above peers (13/14)
Narrow moat 36/100
Evidence: Medium Range 1.03 THB – 1.72 THB Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Share price +13.0% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 1.03 THB (bear) to 1.72 THB (bull), base 1.37 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

1.70 THB 0.5479 THB Fair Value 1.37 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.5479 THB – 1.70 THB · fair‑value band 1.03 THB – 1.72 THB · the 1.13 THB price screens below the 1.37 THB fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Srithai Superware Public Company (SITHAI) currently trades at 1.13 THB, while our model-based Fair Value estimate is 1.37 THB, implying the stock looks roughly 21.2% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Consumer Cyclical 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, Srithai Superware Public Company generated revenue of 7.4B THB at a net margin of 3.5%. Revenue grew 3.3% year over year. It earns a return on equity of 6.0%. Net debt stands at 340M THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 1.03 THB (bear case) to 1.72 THB (bull case); at 1.13 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 near its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at 21%, SITHAI 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 1.57 THB 2.01 THB 2.78 THB 80
Residual Income 1.20 THB 1.22 THB 1.17 THB 76
Rev-Margin DCF 1.15 THB 1.54 THB 2.04 THB 74
All 24 models by family
DCF Models
FCF DCF 1.52 THB 1.97 THB 2.84 THB 38
Owner Earnings 1.42 THB 1.84 THB 2.65 THB 31
5Y Revenue Exit 1.15 THB 1.51 THB 2.04 THB 39
5Y EBITDA Exit 1.89 THB 2.77 THB 3.96 THB 41
5Y P/E Exit 1.23 THB 1.64 THB 2.14 THB 38
10Y Revenue Exit 1.27 THB 1.58 THB 1.93 THB 36
10Y EBITDA Exit 1.73 THB 2.38 THB 3.11 THB 37
10Y P/E Exit 1.33 THB 1.66 THB 1.99 THB 35
Earnings-Based
Graham-Dodd 0.5500 THB 0.8500 THB 1.02 THB 54
EPV 0.6200 THB 0.7000 THB 0.7600 THB 59
Dividend Discount
Gordon GGM 0.5300 THB 0.6100 THB 0.7100 THB 70
DDM Multi-Stage 0.5300 THB 0.6800 THB 0.8800 THB 61
Multiples
P/E Multiple 1.03 THB 1.37 THB 1.72 THB 63
P/S Multiple 1.03 THB 1.37 THB 1.72 THB 58
P/B Multiple 1.03 THB 1.37 THB 1.72 THB 55
EV/EBIT 1.11 THB 1.43 THB 1.75 THB 53
EV/EBITDA 2.45 THB 3.22 THB 3.98 THB 54
EV/Revenue 0.9800 THB 1.34 THB 1.69 THB 43
Asset-Based
NCAV (Graham) 0.7800 THB 1.04 THB 1.56 THB 50
Growth DCF
Growth DCF 1.57 THB 2.01 THB 2.78 THB 80
Rev-Margin DCF 1.15 THB 1.54 THB 2.04 THB 74
Economic Profit
Residual Income 1.20 THB 1.22 THB 1.17 THB 76
ROIC Compounder 0.6200 THB 0.7000 THB 0.7600 THB 72
Growth Earnings
Growth-Adj P/E 0.7300 THB 1.05 THB 1.36 THB 68

Widest divergence: DCF Models (1.66 THB) versus Dividend Discount (0.6100 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 7.4B THB
Revenue growth (YoY) +3.3%
Net margin 3.5%
Return on equity 6.0%
Free cash flow 378M THB FY2025
P/E ratio 10.9
More key figures
Operating margin 6.7%
EPS (TTM) 0.1000 THB
Dividend yield 5.6%
EPS growth (YoY) +69.5%
Net debt 340M THB FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 69

Profitability 39
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 96
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

Srithai Superware Public Company Limited, together with its subsidiaries, manufactures and distributes household and industrial plastic products in Vietnam and internationally.

Full company description

Srithai Superware Public Company Limited, together with its subsidiaries, manufactures and distributes household and industrial plastic products in Vietnam and internationally. It offers food packaging products; beverage packaging products, including PET bottles, drink lids, and preforms plastics; rigid packaging products; automotive and motorcycle battery covers and casings; material handling products comprising pallets, crates, and bottle crates; garbage bins; household goods; and furniture, as well as sports and entertainment chairs, such as grandstand, stadium, football stadium, racetrack, cinema, waiting area, and bus stop chairs. The company also provides melamine household products with cartoon patterns; melamine household products under the Ektra brand for the hospitality industry; and dinner sets. In addition, it is involved in the provision of product design and simulation; 3D printing and scanning services; and manufacturing and distribution of molds. Srithai Superware Public Company Limited was founded in 1963 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Srithai Superware Public Company reported revenue of 7.3B THB in FY2025 versus 7.5B THB in FY2021, a compound −0.6%/yr. Reported net income was 213M THB in FY2025, compounding +4.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
7.3B THB
Latest YoY
−9.3%
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.
−7.9%
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.
+1.3%
Avg. growth/yr (25Y) 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.
+3.0%
Revenue −0.6%/yr
FY21 7.5B THB
FY22 9.4B THB
FY23 8.6B THB
FY24 8.1B THB
FY25 7.3B THB
Net income +4.1%/yr
FY21 181M THB
FY22 350M THB
FY23 372M THB
FY24 285M THB
FY25 213M THB
Character of growth · EPS growth decomposed (2014-2025) −3.1 % p.a.
Revenue per share −1.9 pp

of which total revenue −2.0 pp · buybacks/dilution +0.1 pp

EBIT margin −0.1 pp
Tax rate −1.6 pp
Residual (interest, one-offs) +0.5 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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Cite: Fair Value Calculator (2026). "Srithai Superware Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SITHAI

Peer Group

Packaging & Containers · 272 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 61 · Top 25%
Fair Value upside +21% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 3% · Above median
Dividend yield (TTM) 5.6% · Top 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 10.9× · Cheaper than 75% of peers
P/B 0.70× · Cheaper than median
P/S (TTM) 0.39× · Cheaper than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 2.7× · 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 62 · sector 9
FUTURE 17 · sector 1
PAST 24 · sector 21
HEALTH 97 · sector 92
DIVIDEND 100 · sector 42

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is Srithai Superware Public Company (SITHAI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 1.37 THB versus a price of 1.13 THB, about +21% (undervalued).
What is the fair value of SITHAI?
Our model-based fair value for Srithai Superware Public Company is 1.37 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 1.13 THB.
What is the quality score of SITHAI?
Srithai Superware Public Company has a Quality Score of 61/100. 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 Srithai Superware Public Company (SITHAI)?
Srithai Superware Public Company reported trailing-twelve-month revenue of about 7.4B THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SITHAI?
The net profit margin of Srithai Superware Public Company is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Srithai Superware Public Company pay a dividend?
Srithai Superware Public Company currently shows a dividend yield of about 5.71% relative to its recent price (as of Jul 18, 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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