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SMD Rise Public Company (SMD100) Fair Value & Analysis

Healthcare · TH · Market cap 235M THB

SR SMD Rise Public Company SMD100 · BK
Price1.15 THB
Fair Value1.02 THB
Upside-11.3%
Quality44/100
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Expensive Growth
Thin margins · 0.7% net margin
Low debt · negative free cash flow
5.26% dividend yield
Mixed vs. peers (6/13)
Narrow moat 20/100
Evidence: Medium Range 0.7700 THB – 1.25 THB Share as image

Fair value as of: Jul 15, 2026

From 15 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 1.41 THB to 1.02 THB (−27.7%) since Jun 24, 2026. Share price +0.9% over the past month.

Below-average quality, and screening another 11% overvalued on our models.

What matters now

  • Our model range runs from 0.7700 THB (bear) to 1.25 THB (bull), base 1.02 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

10.72 THB 1.07 THB Fair Value 1.02 THB Jun 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 1.07 THB – 10.72 THB · fair‑value band 0.7700 THB – 1.25 THB · the 1.15 THB price screens above the 1.02 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

SMD Rise Public Company (SMD100) currently trades at 1.15 THB, while our model-based Fair Value estimate is 1.02 THB, implying the stock looks roughly 11.3% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Healthcare 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, SMD Rise Public Company generated revenue of 931M THB at a net margin of 0.7%. Revenue grew 13.5% year over year. It earns a return on equity of 0.9%. Net debt stands at 193M THB. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.7700 THB (bear case) to 1.25 THB (bull case); at 1.15 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 70% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 2% fair-value upside, at -11%, SMD100 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.

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 2.14 THB 1.93 THB 1.25 THB 76
ROIC Compounder 0.8900 THB 0.9900 THB 1.06 THB 72
Growth-Adj P/E 0.6200 THB 0.8900 THB 1.16 THB 68
All 15 models by family
DCF Models
Owner Earnings 0.5100 THB 0.7300 THB 1.04 THB 31
Earnings-Based
Graham-Dodd 0.3500 THB 1.50 THB 2.04 THB 54
Lynch FV 0.3800 THB 0.5500 THB 0.7100 THB 50
PEG = 1.0 0.3800 THB 0.5500 THB 0.7100 THB 46
EPV 0.8900 THB 0.9900 THB 1.06 THB 59
Multiples
P/E Multiple 0.7700 THB 1.02 THB 1.28 THB 63
P/S Multiple 0.6500 THB 0.8700 THB 1.09 THB 58
P/B Multiple 0.6500 THB 0.8700 THB 1.09 THB 55
EV/EBIT 2.53 THB 3.34 THB 4.15 THB 53
EV/EBITDA 4.00 THB 5.30 THB 6.60 THB 54
EV/Revenue 1.74 THB 2.44 THB 3.14 THB 43
Asset-Based
NCAV (Graham) 1.72 THB 2.31 THB 3.45 THB 50
Economic Profit
Residual Income 2.14 THB 1.93 THB 1.25 THB 76
ROIC Compounder 0.8900 THB 0.9900 THB 1.06 THB 72
Growth Earnings
Growth-Adj P/E 0.6200 THB 0.8900 THB 1.16 THB 68

Widest divergence: Asset-Based (2.31 THB) versus Earnings-Based (0.5500 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 931M THB
Revenue growth (YoY) +13.5%
Net margin 0.7%
Return on equity 0.9%
Free cash flow −153M THB FY2025
P/E ratio 39.3
More key figures
Operating margin -16.4%
EPS (TTM) 0.0300 THB
Dividend yield 5.0%
EPS growth (YoY) +21.5%
Net debt 193M THB FY2025

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 27

Profitability 29
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 90
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

SMD Rise Public Company Limited engages in the import and distribution of medical devices, equipment, and supplies in Thailand. The company is involved in providing sleep testing services; and rental, hire purchase, and leasing of the medical equipment, as well as offers wellness equipment services.

Full company description

SMD Rise Public Company Limited engages in the import and distribution of medical devices, equipment, and supplies in Thailand. The company is involved in providing sleep testing services; and rental, hire purchase, and leasing of the medical equipment, as well as offers wellness equipment services. It also imports and distributes products related to radiology and other similar medical products. In addition, the company designs and develops software and information technology systems. Further, it imports and distributes automated medication dispensing machines, pharmaceutical products, medical robots, vascular technologies and equipment, and other related devices. The company was formerly known as SaintMed Public Company Limited and changed its name to SMD Rise Public Company Limited in January 2025. The company was founded in 1998 and is based in Nonthaburi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SMD Rise Public Company reported revenue of 910M THB in FY2025 versus 1.6B THB in FY2021, a compound −13.4%/yr. Reported net income was 10.6M THB in FY2025, compounding −57.3%/yr from FY2021.

Growth Quality 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
910M THB
Latest YoY
+14.8%
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.
−23.2%
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.
+6.6%
Avg. growth/yr (9Y) 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.
+5.4%
Revenue −13.4%/yr
FY21 1.6B THB
FY22 2.0B THB
FY23 827M THB
FY24 793M THB
FY25 910M THB
Net income −57.3%/yr
FY21 320M THB
FY22 297M THB
FY23 79.2M THB
FY24 41.7M THB
FY25 10.6M THB

SMD100 screens 11% overvalued. Compare with McKesson Corporation →

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Cite: Fair Value Calculator (2026). "SMD Rise Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SMD100

Peer Group

Medical Distribution · 81 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 44 · Bottom 25%
Fair Value upside −11% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -16% · Bottom 25%
Revenue growth 14% · Top 25%
Dividend yield (TTM) 5.3% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Medical Distribution median · lower = cheaper

P/E (TTM) 37.7× · Pricier than 75% of peers
P/B 0.33× · Cheaper than 75% of peers
P/S (TTM) 0.25× · Cheaper than median
EV/EBITDA 3.0× · 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 18 · sector 32
FUTURE 68 · sector 14
PAST 4 · sector 21
HEALTH 98 · sector 97
DIVIDEND 100 · sector 53

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 Medical Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
McKesson Corporation MCK $805.96 $819.31 +2%
Cencora, Inc COR $303.44 $175.74 -42%
Cardinal Health, Inc CAH $224.94 $141.77 -37%
Henry Schein, Inc HSIC $87.82 $74.67 -15%
Shanghai Pharmaceuticals Holding 601607 ¥16.70 ¥33.96 +103%
Sinopharm Group 1099 HK$16.74 HK$61.33 +266%
Galenica AG GALE CHF 87.05 CHF 61.79 -29%
Guangzhou Baiyunshan Pharmaceutical Holdings 600332 ¥21.50 ¥28.65 +33%
Jointown Pharmaceutical Group 600998 ¥4.99 ¥9.84 +97%
Asker Healthcare Group ASKER kr 79.45 kr 25.69 -68%

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Frequently asked questions

Is SMD Rise Public Company (SMD100) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 1.02 THB versus a price of 1.15 THB, about −11% (overvalued).
What is the fair value of SMD100?
Our model-based fair value for SMD Rise Public Company is 1.02 THB (as of Jul 15, 2026), built from audited fundamentals. The current price is 1.15 THB.
What is the quality score of SMD100?
SMD Rise Public Company has a Quality Score of 44/100. 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 SMD Rise Public Company (SMD100)?
SMD Rise Public Company reported trailing-twelve-month revenue of about 931M THB (latest available figure, as of Jul 15, 2026).
What is the net profit margin of SMD100?
The net profit margin of SMD Rise Public Company is about 0.7%, meaning it keeps roughly 0.7% of revenue as net income. Based on the latest reported figures.
Does SMD Rise Public Company pay a dividend?
SMD Rise Public Company currently shows a dividend yield of about 5.04% 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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