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Solartron Public Company Limited (SOLAR) fair value: what the stock is really worth

As of Oct 14, 2026: fair value of Solartron Public Company Limited THB 0.13, price THB 0.25, upside -48.0%, quality 27 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · TH · ISIN TH0831010002

SP Solartron Public Company Limited logo Thin data Oct 4, 2026

Solartron Public Company Limited

SOLAR · BK

Weakest SetupStrongly overvalued and low quality.

Our calculation puts a fair price 48% below what the stock costs today.

Mixed Growth (revenue 5y +16.2 %/yr in THB)
Moderate debt
Fair value 0.1300 THB · Strongly overvalued (−48.0%)
Quality 27/100
Loss-making · -102.7% net margin (TTM)
Negative free cash flow
Trails peers (1/9)
Narrow moat 3/100 · thin data
Thin data

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

2.04 THB 0.1500 THB Fair Value 0.1300 THB May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.

How to read this chart

60‑month range 0.1500 THB – 2.04 THB · fair‑value band 0.1000 THB – 0.2000 THB · the 0.2500 THB price screens above the 0.1300 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.

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Company profile

Solartron Public Company Limited, together with its subsidiaries, engages in manufacturing, distribution, selling, and installation of solar-cell systems and related equipment in Thailand and internationally.

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It operates through the Selling and Installation of Solar - Cell Systems; Distribution Solar " Cell; and Sale of Electricity segments. The company offers solar cells and modules.

It also provides on-site surveys and design, and installation services, as well as after-sales services and monitoring systems.

In addition, the company is involved in the construction of solar power plants; import and distribution of electric motorcycles and spare parts; provision of an electric motorcycle repair center; and production and sale of electricity from solar energy.

The company was incorporated in 1986 and is headquartered in Bangkok, Thailand.

Stock analysis

Solartron Public Company Limited (SOLAR) currently trades at 0.2500 THB, while our model-based Fair Value estimate is 0.1300 THB, 48.0% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: 0.1000 THB (bear) to 0.2000 THB (bull), the price of 0.2500 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 27/100 (below-average quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Solartron Public Company Limited reported revenue of 593M THB in FY2025 versus 177M THB in FY2021, a compound +35.2%/yr. Reported net income was −562M THB in FY2025.

Key figures

Market cap 327M THB (≈ $9.7M) · P/S ratio 0.67 · EPS (TTM) −0.3800 THB · Net margin −94.9% · Return on equity −112% · Return on assets (EBIT) −7.8% · Operating margin −55.7% · Revenue (TTM) 486M THB.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 3 out of 100 (low confidence).

What moves the price

The share trades about 29% below its 52-week high and 67% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −48%, SOLAR screens richer than that median.

Fair Value models

Bear 0.1000 THB Fair Value 0.1300 THB Bull 0.2000 THB
Price 0.2500 THB · Upside -48.0%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) 0.1000 THB 0.1400 THB 0.2100 THB 53
All 1 models by family
Asset-Based
NCAV (Graham) 0.1000 THB 0.1400 THB 0.2100 THB 53

Open the full fair value analysis →

Quality Score breakdown

Overall quality 27/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 5
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 5
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Momentum 28
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 18
Distance to the 52-week high, does not count
New shares 61
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+62.9%
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.
+32.4%
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.
+16.2%
Start year 2020 (pandemic). Over 10 years: −1.4% a year
Revenue growth 22 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.
+7.2%
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.
−191.0% (2020) → −75.8% (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

SOLAR screens overvalued: fair value 48% below the price. Compare with First Solar, Inc →

Compare Solartron Public Company Limited with another stock

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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.Solar · 103 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Fair Value upside −48.0% · Below median
Profitability
Return on assets −42.1% · Bottom 25%
Net margin (12 months) −102.7% · Bottom 25%
Operating margin (12 months) −55.7% · Bottom 25%
Growth and dividend
Revenue growth −64.1% · Bottom 25%
Balance sheet
Debt / equity 1.23× · Highest 25%

Valuation Multiplesvs Solar median · lower = cheaper

P/S (12 months) 0.02× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 13
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)0 · sector 0
HEALTH (low debt)38 · sector 85
DIVIDEND (yield)0 · sector 27

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Solar stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
First Solar, Inc FSLR $179.72 $392.06 +118% vs SOLAR
Hengdian Group 002056 ¥18.08 ¥31.86 +76% vs SOLAR
Jinko Solar Co 688223 ¥3.76 ¥6.49 +73% vs SOLAR
Waaree Energies Limited WAAREEENER ₹2,323 ₹2,709 +17% vs SOLAR
Nextpower Inc NXT $86.11 $94.72 +10% vs SOLAR
Tongwei Co 600438 ¥11.58 ¥12.13 +5% vs SOLAR
Enphase Energy, Inc ENPH $32.81 $24.08 −27% vs SOLAR
Premier Energies Limited PREMIERENE ₹906.00 ₹648.72 −28% vs SOLAR
CSI Solar Co 688472 ¥8.33 ¥4.88 −41% vs SOLAR
Hanwha Solutions Corporation 009830 32,750 KRW 9,611 KRW −71% vs SOLAR

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Cite: Fair Value Calculator (2026). "Solartron Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SOLAR

Frequently asked questions

Is Solartron Public Company Limited (SOLAR) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 0.1300 THB versus a price of 0.2500 THB, about −48% upside (overvalued).
What is the fair value of SOLAR?
Our model-based fair value for Solartron Public Company Limited is 0.1300 THB (as of Oct 4, 2026), built from audited fundamentals. The current price: 0.2500 THB.
What is the quality score of SOLAR?
Solartron Public Company Limited has a Quality Score of 27/100. 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 Solartron Public Company Limited (SOLAR)?
Our model-based price target is the fair value of 0.1300 THB (as of Oct 4, 2026) from 1 valuation models. Cautious scenario 0.1000 THB, optimistic scenario 0.2000 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Solartron Public Company Limited stock forecast for 2026?
Our models put fair value at 0.1300 THB, about −48% upside versus a price of 0.2500 THB (overvalued). Cautious scenario 0.1000 THB, optimistic scenario 0.2000 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Solartron Public Company Limited (SOLAR)?
Solartron Public Company Limited reported trailing-twelve-month revenue of about 486M THB (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of Solartron Public Company Limited (SOLAR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Solartron Public Company Limited it is 0.1300 THB per share (as of Oct 4, 2026), against a price of 0.2500 THB. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Solartron Public Company Limited stock overvalued or undervalued in 2026?
As of Oct 4, 2026, SOLAR trades above its calculated fair value: price 0.2500 THB, fair value 0.1300 THB, a gap of about −48% (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 SOLAR?
No. The price is what the market pays today (0.2500 THB); the fair value is what the company's own numbers justify (0.1300 THB). For Solartron Public Company Limited the two are 0.1200 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Solartron Public Company Limited worth?
The market values Solartron Public Company Limited at about 327M THB (market capitalisation, as of Oct 4, 2026). Per share that is 0.2500 THB; our models calculate a fair value of 0.1300 THB per share.
What do the bullish and bearish scenarios say about SOLAR?
Our models span a range for Solartron Public Company Limited: cautious scenario 0.1000 THB, base 0.1300 THB, optimistic 0.2000 THB per share (as of Oct 4, 2026, price 0.2500 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Solartron Public Company Limited (SOLAR)?
Balance-sheet figures for Solartron Public Company Limited (as of Oct 4, 2026): return on equity −111.7%, debt of 1.23 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is SOLAR from its 52-week high?
Solartron Public Company Limited trades at 0.2500 THB, about 29% below its 52-week high of 0.3500 THB and 67% above the low of 0.1500 THB (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1300 THB is for.
Which stocks are comparable to Solartron Public Company Limited?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Waaree Energies Limited, Tongwei Co, 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 Solartron Public Company Limited stock attractive at the current price?
The data as of Oct 4, 2026: price 0.2500 THB, calculated fair value 0.1300 THB (−48%), Quality Score 27/100, from 1 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 SOLAR calculated?
We run Solartron Public Company Limited through 1 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 0.1300 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 14.7 % above its aggregate fair value. Solartron Public Company Limited 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 Solartron Public Company Limited (SOLAR)?
The closing price on Oct 14, 2026 was 0.2500 THB. Our model-based fair value is 0.1300 THB, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Solartron Public Company Limited right now?
The price sits above even our optimistic bull case (0.2000 THB). The favourable scenario is already priced in. Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.1000 THB to 0.2000 THB) leaves room in how you read the outcome.

Key figures of Solartron Public Company Limited

How large is the market capitalisation of Solartron Public Company Limited (SOLAR)?
The market capitalisation of Solartron Public Company Limited is 327M THB (≈ $9.7M). 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 Solartron Public Company Limited (SOLAR)?
The price-to-sales ratio of Solartron Public Company Limited is 0.67 (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 Solartron Public Company Limited (SOLAR)?
Earnings per share at Solartron Public Company Limited are −0.3800 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Solartron Public Company Limited (SOLAR)?
The net margin of Solartron Public Company Limited is −94.9% (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 Solartron Public Company Limited (SOLAR)?
The return on equity (ROE) of Solartron Public Company Limited is −112% (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 Solartron Public Company Limited (SOLAR)?
On an EBIT basis the return on assets of Solartron Public Company Limited is −7.8% (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 Solartron Public Company Limited (SOLAR)?
The operating margin of Solartron Public Company Limited is −55.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Solartron Public Company Limited (SOLAR)?
Revenue at Solartron Public Company Limited is growing −64.1% versus a year earlier (3y avg +32.4%). 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 Solartron Public Company Limited (SOLAR)?
Earnings per share at Solartron Public Company Limited are growing +12.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Solartron Public Company Limited (SOLAR) generate?
The free cash flow of Solartron Public Company Limited is −47.2M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Solartron Public Company Limited (SOLAR) carry?
The net debt of Solartron Public Company Limited is 593M THB (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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