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Sahamit Machinery Public Company (SMIT) Fair Value & Analysis

Basic Materials · TH · Market cap 1.9B THB

SM Sahamit Machinery Public Company SMIT · BK
Price3.68 THB
Fair Value5.32 THB
Upside+44.6%
Quality69/100
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Weak Growth
Thin margins · 9.9% net margin
Low debt · generates free cash flow
6.78% dividend yield
Ranks above peers (11/14)
Narrow moat 42/100
Evidence: High Range 4.02 THB – 6.62 THB Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from 5.44 THB to 5.32 THB (−2.2%) since Jun 24, 2026. Share price +4.0% over the past month.

A solid business, screening 45% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (4.02 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

4.51 THB 3.18 THB Fair Value 5.32 THB Feb 2021 Aug 2026

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 3.18 THB – 4.51 THB · fair‑value band 4.02 THB – 6.62 THB · the 3.68 THB price screens below the 5.32 THB fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Sahamit Machinery Public Company (SMIT) currently trades at 3.68 THB, while our model-based Fair Value estimate is 5.32 THB, implying the stock looks roughly 44.6% undervalued today. The Quality Score stands at 69/100 (solid 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, Sahamit Machinery Public Company generated revenue of 1.6B THB at a net margin of 9.9%. Revenue declined 11.4% year over year. It earns a return on equity of 5.8%. The balance sheet holds a net cash position of 55.6M THB. Fundamentals as of Jul 14, 2026

Our scenario range runs from 4.02 THB (bear case) to 6.62 THB (bull case); at 3.68 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 near its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 45%, SMIT 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 4.19 THB 5.33 THB 7.10 THB 80
Residual Income 3.79 THB 3.88 THB 3.72 THB 76
Rev-Margin DCF 3.28 THB 4.55 THB 6.13 THB 74
All 24 models by family
DCF Models
FCF DCF 4.06 THB 5.27 THB 7.29 THB 38
Owner Earnings 2.89 THB 3.73 THB 5.15 THB 31
5Y Revenue Exit 3.28 THB 4.44 THB 6.13 THB 39
5Y EBITDA Exit 3.76 THB 5.28 THB 7.29 THB 41
5Y P/E Exit 4.12 THB 5.90 THB 8.03 THB 38
10Y Revenue Exit 3.54 THB 4.38 THB 5.25 THB 36
10Y EBITDA Exit 3.87 THB 4.85 THB 5.88 THB 37
10Y P/E Exit 4.07 THB 5.20 THB 6.27 THB 35
Earnings-Based
Graham-Dodd 2.05 THB 2.50 THB 2.82 THB 54
EPV 2.04 THB 2.31 THB 2.53 THB 59
Dividend Discount
Gordon GGM 1.86 THB 2.01 THB 2.23 THB 70
DDM Multi-Stage 1.86 THB 2.22 THB 2.68 THB 61
Multiples
P/E Multiple 4.74 THB 6.32 THB 7.90 THB 63
P/S Multiple 3.84 THB 5.12 THB 6.40 THB 58
P/B Multiple 3.84 THB 5.12 THB 6.40 THB 55
EV/EBIT 4.01 THB 5.31 THB 6.62 THB 53
EV/EBITDA 4.10 THB 5.43 THB 6.76 THB 54
EV/Revenue 2.89 THB 4.09 THB 5.28 THB 43
Asset-Based
NCAV (Graham) 2.53 THB 3.39 THB 5.05 THB 50
Growth DCF
Growth DCF 4.19 THB 5.33 THB 7.10 THB 80
Rev-Margin DCF 3.28 THB 4.55 THB 6.13 THB 74
Economic Profit
Residual Income 3.79 THB 3.88 THB 3.72 THB 76
ROIC Compounder 2.04 THB 2.31 THB 2.53 THB 72
Growth Earnings
Growth-Adj P/E 3.35 THB 4.78 THB 6.22 THB 68

Widest divergence: Multiples (5.12 THB) versus Dividend Discount (2.01 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.6B THB
Revenue growth (YoY) -11.4%
Net margin 9.9%
Return on equity 5.8%
Free cash flow 259M THB FY2025
P/E ratio 11.8
More key figures
Operating margin 9.2%
EPS (TTM) 0.2900 THB
Dividend yield 7.0%
EPS growth (YoY) -10.5%
Net cash 55.6M THB FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 68 · Market factors (momentum, volatility) 70

Profitability 37
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 73
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

Sahamit Machinery Public Company Limited imports and distributes materials, machinery, and appliances for industries in Thailand. The company operates through three segments: Steel & Heat Treatment, Machine Tools & Tooling, and Others.

Full company description

Sahamit Machinery Public Company Limited imports and distributes materials, machinery, and appliances for industries in Thailand. The company operates through three segments: Steel & Heat Treatment, Machine Tools & Tooling, and Others. It provides special steels for making molds, including hot work tool steel for aluminum extrusion and die-casting; cold work tool steel for blanking and punching tools, shear blades, automobiles, and electronic appliances; high speed steel for end mill cutters, twist drills, and wood-working tools; and plastic mold steel for PVC pipes, melamine kitchenware, and screw parts in the plastic injection machines. The company offers heat treatment, such as vacuum hardening, tempering, nitriding and nitrocarburizing, annealing, stress relieving, normalizing, sub-zero treatment or cryogenic, oil quenching, atmosphere tempering and carburizing, and atmosphere carbonitriding; aluminum plates, sheets, coil, alloy, and bars; aluminum alloy powders; and machinery and carbon steel, seamless tubes, steel pipes. In addition, it provides CNC EDM, wire cutting, high speed machining center, and measuring machines; carbide cutting tools, digital readout, measuring equipment, milling machine, surface grinding machine, and automatic band sawing machine; chipper knife, flaker knife, technical information, circular knives, and straight knives; machinery, pulp and paper, and paper converting services; panel boards, chipping plants, plywood mill, furniture factory, and wood pelleting. Further, the company offers electrical engineering products, including power capacitors, electronics capacitors, radio interference suppression components, switchgears, electrical measuring instruments, batteries, antennas, cores, and potentiometers, as well as provides services for fields of galvanization, tool shop and management and maintenance of buildings. The company was incorporated in 1973 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sahamit Machinery Public Company reported revenue of 1.6B THB in FY2025 versus 2.0B THB in FY2021, a compound −5.9%/yr. Reported net income was 160M THB in FY2025, compounding −13.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.6B THB
Latest YoY
−0.6%
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.
−9.6%
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.
−0.8%
Avg. growth/yr (24Y) 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.
+1.9%
Revenue −5.9%/yr
FY21 2.0B THB
FY22 2.2B THB
FY23 1.6B THB
FY24 1.6B THB
FY25 1.6B THB
Net income −13.9%/yr
FY21 291M THB
FY22 236M THB
FY23 132M THB
FY24 146M THB
FY25 160M THB
Character of growth · EPS growth decomposed (2014-2025) −2.5 % p.a.
Revenue per share −2.4 pp

of which total revenue −2.4 pp · buybacks/dilution +0.0 pp

EBIT margin −1.4 pp
Tax rate +0.2 pp
Residual (interest, one-offs) +1.0 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).

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Cite: Fair Value Calculator (2026). "Sahamit Machinery Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SMIT

Peer Group

Steel · 378 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 69 · Top 25%
Fair Value upside +45% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 9% · Top 25%
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 6.8% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 12.2× · Cheaper than median
P/B 0.70× · Cheaper than median
P/S (TTM) 1.19× · Pricier than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 8.4× · Pricier 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 93 · sector 19
FUTURE 0 · sector 4
PAST 23 · sector 15
HEALTH 100 · sector 95
DIVIDEND 100 · sector 41

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Sahamit Machinery Public Company (SMIT) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 5.32 THB versus a price of 3.68 THB, about +45% (undervalued).
What is the fair value of SMIT?
Our model-based fair value for Sahamit Machinery Public Company is 5.32 THB (as of Jul 14, 2026), built from audited fundamentals. The current price is 3.68 THB.
What is the quality score of SMIT?
Sahamit Machinery Public Company has a Quality Score of 69/100. 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 Sahamit Machinery Public Company (SMIT)?
Sahamit Machinery Public Company reported trailing-twelve-month revenue of about 1.6B THB (latest available figure, as of Jul 14, 2026).
What is the net profit margin of SMIT?
The net profit margin of Sahamit Machinery Public Company is about 9.9%, meaning it keeps roughly 9.9% of revenue as net income. Based on the latest reported figures.
Does Sahamit Machinery Public Company pay a dividend?
Sahamit Machinery Public Company currently shows a dividend yield of about 6.98% relative to its recent price (as of Jul 14, 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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