EN DE

S.Kijchai Enterprise Public Company (SKN) Fair Value & Analysis

Basic Materials · TH · Market cap 4.2B THB

SK S.Kijchai Enterprise Public Company SKN · BK
Price5.15 THB
Fair Value7.41 THB
Upside+44.0%
Quality43/100
Watch S.Kijchai Enterprise Public Company for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Solidly profitable · 11.2% net margin
Low debt · negative free cash flow
Ranks above peers (8/13)
Narrow moat 43/100
Evidence: High Range 5.35 THB – 9.27 THB Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 9.20 THB to 7.41 THB (−19.4%) since Jun 24, 2026. Share price −2.8% over the past month.

Below-average quality, screening 44% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (5.35 THB). The market is more pessimistic than our downside scenario.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

7.63 THB 2.02 THB Fair Value 7.41 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 2.02 THB – 7.63 THB · fair‑value band 5.35 THB – 9.27 THB · the 5.15 THB price screens below the 7.41 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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

Analysis

S.Kijchai Enterprise Public Company (SKN) currently trades at 5.15 THB, while our model-based Fair Value estimate is 7.41 THB, implying the stock looks roughly 44.0% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Basic Materials 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, S.Kijchai Enterprise Public Company generated revenue of 2.7B THB at a net margin of 11.2%. Revenue declined 33.5% year over year. It earns a return on equity of 7.1%. Net debt stands at 133M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 5.35 THB (bear case) to 9.27 THB (bull case); at 5.15 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 28% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at 44%, SKN 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 4.67 THB 5.13 THB 6.64 THB 76
ROIC Compounder 4.93 THB 5.67 THB 6.67 THB 72
Gordon GGM 3.51 THB 6.67 THB 10.60 THB 70
All 15 models by family
Earnings-Based
Graham-Dodd 3.57 THB 9.22 THB 12.01 THB 54
PEG = 1.0 1.74 THB 2.48 THB 3.22 THB 46
EPV 4.93 THB 5.59 THB 6.15 THB 59
Dividend Discount
Gordon GGM 3.51 THB 6.67 THB 10.60 THB 70
DDM Multi-Stage 3.51 THB 5.29 THB 7.12 THB 61
Multiples
P/E Multiple 8.28 THB 11.04 THB 13.80 THB 63
P/S Multiple 5.61 THB 7.48 THB 9.35 THB 58
P/B Multiple 6.70 THB 8.93 THB 11.17 THB 55
EV/EBIT 7.55 THB 9.82 THB 12.08 THB 53
EV/EBITDA 8.28 THB 10.78 THB 13.28 THB 54
EV/Revenue 5.48 THB 7.50 THB 9.52 THB 43
Asset-Based
NCAV (Graham) 2.69 THB 3.61 THB 5.39 THB 50
Economic Profit
Residual Income 4.67 THB 5.13 THB 6.64 THB 76
ROIC Compounder 4.93 THB 5.67 THB 6.67 THB 72
Growth Earnings
Growth-Adj P/E 6.44 THB 9.20 THB 11.96 THB 68

Widest divergence: Growth Earnings (9.20 THB) versus Asset-Based (3.61 THB). Highest evidence: Residual Income (76).

Notify me when SKN reaches fair value

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

Key figures & financial health

Revenue (TTM) 2.7B THB
Revenue growth (YoY) -33.5%
Net margin 11.2%
Return on equity 7.1%
Free cash flow −1.3B THB FY2025
P/E ratio 13.5
More key figures
Operating margin 6.2%
EPS (TTM) 0.3900 THB
EPS growth (YoY) -82.3%
Net debt 133M THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 44 · Market factors (momentum, volatility) 39

Profitability 43
Margins and returns on capital today
Quality Growth 3
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 82
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

S.Kijchai Enterprise Public Company Limited manufactures and distributes medium density fiber boards in Thailand. The company engages in the manufacture of medium density fiberboard; glue and chemical products; and paper pulp and paper through recycling of wastepaper.

Full company description

S.Kijchai Enterprise Public Company Limited manufactures and distributes medium density fiber boards in Thailand. The company engages in the manufacture of medium density fiberboard; glue and chemical products; and paper pulp and paper through recycling of wastepaper. It offers its products to building materials industry, interior work, and furniture production. It also exports its products. The company was incorporated in 2010 and is headquartered in Rayong, Thailand. S.Kijchai Enterprise Public Company Limited operates as a subsidiary of S.Kijchai Capital Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

S.Kijchai Enterprise Public Company reported revenue of 3.0B THB in FY2025 versus 4.2B THB in FY2021, a compound −8.0%/yr. Reported net income was 420M THB in FY2025, compounding −14.2%/yr from FY2021.

Growth Quality 27/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.0B THB
Latest YoY
−17.9%
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.
−10.5%
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.
+3.9%
Avg. growth/yr (12Y) 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.
+11.8%
Revenue −8.0%/yr
FY21 4.2B THB
FY22 4.2B THB
FY23 3.3B THB
FY24 3.6B THB
FY25 3.0B THB
Net income −14.2%/yr
FY21 777M THB
FY22 682M THB
FY23 425M THB
FY24 625M THB
FY25 420M THB
Character of growth · EPS growth decomposed (2014-2025) +9.6 % p.a.
Revenue per share +8.8 pp

of which total revenue +8.8 pp · buybacks/dilution +0.0 pp

EBIT margin −1.6 pp
Tax rate −0.5 pp
Residual (interest, one-offs) +3.0 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 SKN: 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). "S.Kijchai Enterprise Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SKN

Peer Group

Lumber & Wood Production · 76 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 43 · Below median
Fair Value upside +44% · Top 25%
Return on equity (TTM) 7% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth -34% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

P/E (TTM) 13.5× · Cheaper than 75% of peers
P/B 0.97× · Pricier than median
P/S (TTM) 1.53× · Pricier than 75% of peers
EV/EBITDA 6.7× · 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 92 · sector 16
FUTURE 0 · sector 0
PAST 28 · sector 0
HEALTH 100 · sector 92
DIVIDEND 0 · sector 32

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 Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $188.80 $147.92 -22%
West Fraser Timber Co WFG C$98.54 C$51.55 -48%
UFP Industries, Inc UFPI $85.93 $108.78 +27%
Stella-Jones Inc SJ C$78.93 C$96.01 +22%
Boise Cascade Company BCC $76.06 $51.92 -32%
Century Plyboards (India) Limited CENTURYPLY ₹799.50 ₹201.01 -75%
DeHua TB New Decoration Material Co 002043 ¥11.74 ¥14.78 +26%
Canfor Corporation CFP C$14.17 C$4.54 -68%
Interfor Corporation IFP C$13.45 C$6.43 -52%
Kangxin New Materials Co 600076 ¥3.05 ¥0.6700 -78%

Compare S.Kijchai Enterprise Public Company with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials 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 S.Kijchai Enterprise Public Company (SKN) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 7.41 THB versus a price of 5.15 THB, about +44% (undervalued).
What is the fair value of SKN?
Our model-based fair value for S.Kijchai Enterprise Public Company is 7.41 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 5.15 THB.
What is the quality score of SKN?
S.Kijchai Enterprise Public Company has a Quality Score of 43/100. 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 S.Kijchai Enterprise Public Company (SKN)?
S.Kijchai Enterprise Public Company reported trailing-twelve-month revenue of about 2.7B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of SKN?
The net profit margin of S.Kijchai Enterprise Public Company is about 11.2%, meaning it keeps roughly 11.2% 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 S.Kijchai Enterprise 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.