Stars Microelectronics (Thailand) PCL (SMT) fair value: what the stock is really worth
We calculate from audited financials what Stars Microelectronics (Thailand) PCL is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 0.8467 THB – 6.73 THB · fair‑value band 0.6800 THB – 0.9400 THB · the 5.70 THB price screens above the 0.8000 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Stars Microelectronics (Thailand) Public Company Limited, together with its subsidiaries, manufactures and distributes integrated circuit boards in Thailand, the United States, and internationally. It operates through Electronics Manufacturing Service; Outsourced Assembly and Test; and Fiber Optical Devices segments.
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Stars Microelectronics (Thailand) Public Company Limited, together with its subsidiaries, manufactures and distributes integrated circuit boards in Thailand, the United States, and internationally. It operates through Electronics Manufacturing Service; Outsourced Assembly and Test; and Fiber Optical Devices segments. The company offers outsource semiconductor assembly and test, and electronics manufacturing services that cover various stages of the product lifecycle, including design, industrialization, mass production, and distribution to end-of-life services; fiber optical devices; and optical assembly and vertical integration services. It also operates as a trading company. The company serves semiconductors, microelectronics, optics and telecommunication, industrial, automotive, and professional audio and video, and medical devices industries. Stars Microelectronics (Thailand) Public Company Limited was founded in 1995 and is headquartered in Phra Nakhon Si Ayutthaya, Thailand.
Stock analysis
Stars Microelectronics (Thailand) PCL (SMT) currently trades at 5.70 THB, while our model-based Fair Value estimate is 0.8000 THB, implying the stock looks roughly 612.3% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1.42 THB per share, and 0 of the 13 models we run sit above the 5.70 THB price.
Bear case: the Dividend Discount group reads lowest at 0.3900 THB, and 13 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.6800 THB (bear) to 0.9400 THB (bull), the price of 5.70 THB sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Stars Microelectronics (Thailand) PCL reported revenue of 2.0B THB in FY2025 versus 2.2B THB in FY2021, a compound −1.8%/yr. Reported net income was −60.1M THB in FY2025.
Key figures
Market cap 4.6B THB (≈ $139M) · P/S ratio 1.16 · EPS (TTM) −0.1100 THB · Dividend yield 0.5% · Net margin −3.0% · Return on equity −5.2% · Return on assets (EBIT) 3.2% · Operating margin −1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high.
For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at −86%, SMT screens richer than that median.
Fair Value models
Bear 0.6800 THBFair Value 0.8000 THBBull 0.9400 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.26/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−3.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.3%
Revenue growth 17 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
6.3% (2020) → −8.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+59.4%
Yearly growth needed for the next five years to justify today's price.
Compare Stars Microelectronics (Thailand) PCL with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Semiconductors · 327 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−85% · Bottom 25%
Profitability
Return on assets−3% · Bottom 25%
Net margin (TTM)−4% · Bottom 25%
Operating margin (TTM)−1% · Below median
Growth and dividend
Revenue growth35% · Above median
Dividend yield (TTM)0.5% · Below median
Balance sheet
Debt / equity0.10× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/B0.06× · Cheapest 25%
P/S (TTM)0.05× · Cheapest 25%
P/FCF2.3× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 63
PAST (return on equity)0· sector 25
HEALTH (low debt)95· sector 96
DIVIDEND (yield)11· sector 19
VALUE 0: the price sits above our fair-value range.
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.
Is Stars Microelectronics (Thailand) PCL (SMT) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 0.8000 THB versus a price of 5.70 THB, about −86% upside (overvalued).
What is the fair value of SMT?
Our model-based fair value for Stars Microelectronics (Thailand) PCL is 0.8000 THB (as of Sep 13, 2026), built from audited fundamentals. The current price: 5.70 THB.
What is the quality score of SMT?
Stars Microelectronics (Thailand) PCL has a Quality Score of 59/100. 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 price target for Stars Microelectronics (Thailand) PCL (SMT)?
Our model-based price target is the fair value of 0.8000 THB (as of Sep 13, 2026) from 13 valuation models. Cautious scenario 0.6800 THB, optimistic scenario 0.9400 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Stars Microelectronics (Thailand) PCL stock forecast for 2026?
Our models put fair value at 0.8000 THB, about −86% upside versus a price of 5.70 THB (overvalued). Cautious scenario 0.6800 THB, optimistic scenario 0.9400 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Stars Microelectronics (Thailand) PCL (SMT)?
Stars Microelectronics (Thailand) PCL reported trailing-twelve-month revenue of about 2.2B THB (latest available figure, as of Sep 13, 2026).
Does Stars Microelectronics (Thailand) PCL pay a dividend?
Stars Microelectronics (Thailand) PCL currently shows a dividend yield of about 0.53% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Stars Microelectronics (Thailand) PCL (SMT)?
For today's price to be fair in a discounted-cash-flow model, Stars Microelectronics (Thailand) PCL would have to grow free cash flow by +59.4 % per year for five years (discount rate 15.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.3 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of SMT use?
Our models discount Stars Microelectronics (Thailand) PCL at 15.6 %: a base by market capitalisation (micro), damped by beta 1.28, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Stars Microelectronics (Thailand) PCL that is +59.4 % per year a year over ten years, using the same discount rate (15.6 %) and the same formula as our fair value.
How much growth has Stars Microelectronics (Thailand) PCL (SMT) delivered so far?
Over the past 5 years revenue at Stars Microelectronics (Thailand) PCL grew +1.3 % a year. The price currently implies +59.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Stars Microelectronics (Thailand) PCL (SMT) growing?
The median revenue growth in the sector is +8.0 % a year. That is the yardstick for the growth priced into Stars Microelectronics (Thailand) PCL (+59.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Stars Microelectronics (Thailand) PCL (SMT)?
The free-cash-flow yield on the price is 0.94 %: that much free cash flow Stars Microelectronics (Thailand) PCL produces per unit of market value. When it exceeds the discount rate of our models (15.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Stars Microelectronics (Thailand) PCL (SMT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Stars Microelectronics (Thailand) PCL it is 0.8000 THB per share (as of Sep 13, 2026), against a price of 5.70 THB. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Stars Microelectronics (Thailand) PCL stock overvalued or undervalued in 2026?
As of Sep 13, 2026, SMT trades above its calculated fair value: price 5.70 THB, fair value 0.8000 THB, a gap of about −86% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SMT?
No. The price is what the market pays today (5.70 THB); the fair value is what the company's own numbers justify (0.8000 THB). For Stars Microelectronics (Thailand) PCL the two are 4.90 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Stars Microelectronics (Thailand) PCL worth?
The market values Stars Microelectronics (Thailand) PCL at about 4.6B THB (market capitalisation, as of Sep 13, 2026). Per share that is 5.70 THB; our models calculate a fair value of 0.8000 THB per share.
What do the bullish and bearish scenarios say about SMT?
Our models span a range for Stars Microelectronics (Thailand) PCL: cautious scenario 0.6800 THB, base 0.8000 THB, optimistic 0.9400 THB per share (as of Sep 13, 2026, price 5.70 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Stars Microelectronics (Thailand) PCL (SMT)?
Balance-sheet figures for Stars Microelectronics (Thailand) PCL (as of Sep 13, 2026): return on equity −5.2%, debt of 0.10 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is SMT from its 52-week high?
Stars Microelectronics (Thailand) PCL trades at 5.70 THB, about 59% below its 52-week high of 3.58 THB and 450% above the low of 1.04 THB (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 0.8000 THB is for.
Which stocks are comparable to Stars Microelectronics (Thailand) PCL?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Stars Microelectronics (Thailand) PCL stock attractive at the current price?
The data as of Sep 13, 2026: price 5.70 THB, calculated fair value 0.8000 THB (−86%), Quality Score 59/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SMT calculated?
We run Stars Microelectronics (Thailand) PCL through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.8000 THB, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Stars Microelectronics (Thailand) PCL itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Stars Microelectronics (Thailand) PCL (SMT)?
The closing price on Sep 18, 2026 was 5.70 THB. Our model-based fair value is 0.8000 THB, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Stars Microelectronics (Thailand) PCL right now?
The price sits above even our optimistic bull case (0.9400 THB). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Stars Microelectronics (Thailand) PCL
How large is the market capitalisation of Stars Microelectronics (Thailand) PCL (SMT)?
The market capitalisation of Stars Microelectronics (Thailand) PCL is 4.6B THB (≈ $139M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Stars Microelectronics (Thailand) PCL (SMT)?
The price-to-sales ratio of Stars Microelectronics (Thailand) PCL is 1.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Stars Microelectronics (Thailand) PCL (SMT)?
Earnings per share at Stars Microelectronics (Thailand) PCL are −0.1100 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Stars Microelectronics (Thailand) PCL (SMT)?
The dividend yield of Stars Microelectronics (Thailand) PCL is 0.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Stars Microelectronics (Thailand) PCL (SMT)?
The net margin of Stars Microelectronics (Thailand) PCL is −3.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Stars Microelectronics (Thailand) PCL (SMT)?
The return on equity (ROE) of Stars Microelectronics (Thailand) PCL is −5.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Stars Microelectronics (Thailand) PCL (SMT)?
On an EBIT basis the return on assets of Stars Microelectronics (Thailand) PCL is 3.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Stars Microelectronics (Thailand) PCL (SMT)?
The operating margin of Stars Microelectronics (Thailand) PCL is −1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Stars Microelectronics (Thailand) PCL (SMT)?
Revenue at Stars Microelectronics (Thailand) PCL is growing +35.2% versus a year earlier (3y avg −10.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Stars Microelectronics (Thailand) PCL (SMT)?
Earnings per share at Stars Microelectronics (Thailand) PCL are growing −80.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Stars Microelectronics (Thailand) PCL (SMT) hold?
Stars Microelectronics (Thailand) PCL holds more cash than debt, 226M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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