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Sonic Interfreight Public Company (SONIC) Fair Value & Analysis

Industrials · TH · Market cap 1.1B THB

SI Sonic Interfreight Public Company SONIC · BK
Price1.53 THB
Fair Value1.99 THB
Upside+29.9%
Quality59/100
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Mixed Growth
Thin margins · 6.6% net margin
Low debt · generates free cash flow
4.00% dividend yield
Ranks above peers (12/14)
Narrow moat 42/100
Evidence: Medium Range 1.12 THB – 2.64 THB Share as image

Fair value as of: Jul 13, 2026

From 26 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from 3.24 THB to 1.99 THB (−38.7%) since Jun 25, 2026. Share price +0.7% over the past month.

A solid business, screening 30% undervalued on our models.

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (1.12 THB to 2.64 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

4.96 THB 1.30 THB Fair Value 1.99 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 1.30 THB – 4.96 THB · fair‑value band 1.12 THB – 2.64 THB · the 1.53 THB price screens below the 1.99 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Sonic Interfreight Public Company (SONIC) currently trades at 1.53 THB, while our model-based Fair Value estimate is 1.99 THB, implying the stock looks roughly 29.9% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, Sonic Interfreight Public Company generated revenue of 1.9B THB at a net margin of 6.4%. Revenue declined 13.6% year over year. It earns a return on equity of 7.8%. The balance sheet holds a net cash position of 60.2M THB. Fundamentals as of Jul 13, 2026

Our scenario range runs from 1.12 THB (bear case) to 2.64 THB (bull case); at 1.53 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 8% below its 52-week high and 15% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 30%, SONIC 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 1.12 THB 1.67 THB 2.45 THB 80
Residual Income 1.60 THB 1.68 THB 1.77 THB 76
Rev-Margin DCF 1.74 THB 3.02 THB 4.65 THB 74
All 26 models by family
DCF Models
FCF DCF 1.14 THB 1.75 THB 2.69 THB 38
Owner Earnings 0.5500 THB 0.8000 THB 1.16 THB 31
5Y Revenue Exit 1.74 THB 3.07 THB 4.88 THB 39
5Y EBITDA Exit 2.09 THB 3.77 THB 5.89 THB 41
5Y P/E Exit 2.01 THB 3.61 THB 5.44 THB 38
10Y Revenue Exit 1.43 THB 2.54 THB 4.25 THB 36
10Y EBITDA Exit 1.70 THB 3.01 THB 5.01 THB 37
10Y P/E Exit 1.65 THB 2.90 THB 4.68 THB 35
Earnings-Based
Graham-Dodd 1.12 THB 5.05 THB 6.92 THB 54
Lynch FV 1.32 THB 1.88 THB 2.45 THB 50
PEG = 1.0 1.32 THB 1.88 THB 2.45 THB 46
EPV 1.55 THB 1.73 THB 1.89 THB 59
Dividend Discount
Gordon GGM 0.4900 THB 0.8800 THB 1.21 THB 70
DDM Multi-Stage 0.4900 THB 0.8000 THB 0.9400 THB 61
Multiples
P/E Multiple 2.59 THB 3.45 THB 4.31 THB 63
P/S Multiple 2.09 THB 2.79 THB 3.49 THB 58
P/B Multiple 2.09 THB 2.79 THB 3.49 THB 55
EV/EBIT 2.95 THB 3.87 THB 4.80 THB 53
EV/EBITDA 2.90 THB 3.81 THB 4.72 THB 54
EV/Revenue 2.16 THB 3.00 THB 3.85 THB 43
Asset-Based
NCAV (Graham) 1.02 THB 1.36 THB 2.03 THB 50
Growth DCF
Growth DCF 1.12 THB 1.67 THB 2.45 THB 80
Rev-Margin DCF 1.74 THB 3.02 THB 4.65 THB 74
Economic Profit
Residual Income 1.60 THB 1.68 THB 1.77 THB 76
ROIC Compounder 1.55 THB 1.73 THB 1.89 THB 72
Growth Earnings
Growth-Adj P/E 2.14 THB 3.05 THB 3.97 THB 68

Widest divergence: Growth Earnings (3.05 THB) versus Dividend Discount (0.8000 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.8B THB
Revenue growth (YoY) -6.8%
Net margin 6.6%
Return on equity 7.8%
Free cash flow 66.7M THB FY2025
P/E ratio 9.5
More key figures
Operating margin 8.2%
EPS (TTM) 0.1600 THB
Dividend yield 4.0%
EPS growth (YoY) +9.5%
Net cash 60.2M THB FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 62

Profitability 44
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 98
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

Sonic Interfreight Public Company Limited provides freight forwarding and logistics services in Thailand and internationally. It operates through three segments: Freight Forwarding; Land Transportation; and Renewable Energy Business.

Full company description

Sonic Interfreight Public Company Limited provides freight forwarding and logistics services in Thailand and internationally. It operates through three segments: Freight Forwarding; Land Transportation; and Renewable Energy Business. The company offers sea freight services, including full container load, special container, and refer container; air freight services, such as land air, cargo security management, and specialized transportation; transportation services comprising inbound-outbound collection, cross border truck, and domestic truck; and warehousing services. It is also involved in alternative energy power plant activities. The company was founded in 1995 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sonic Interfreight Public Company reported revenue of 1.9B THB in FY2025 versus 3.4B THB in FY2021, a compound −13.5%/yr. Reported net income was 120M THB in FY2025, compounding −14.6%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.9B THB
Latest YoY
−15.1%
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.
−21.1%
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.
+6.7%
Avg. growth/yr (11Y) 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%
Revenue −13.5%/yr
FY21 3.4B THB
FY22 3.8B THB
FY23 1.6B THB
FY24 2.2B THB
FY25 1.9B THB
Net income −14.6%/yr
FY21 226M THB
FY22 308M THB
FY23 126M THB
FY24 168M THB
FY25 120M THB
Character of growth · EPS growth decomposed (2014-2025) +11.6 % p.a.
Revenue per share +4.3 pp

of which total revenue +8.8 pp · buybacks/dilution −4.6 pp

EBIT margin +3.8 pp
Tax rate +0.3 pp
Residual (interest, one-offs) +3.2 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). "Sonic Interfreight Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SONIC

Peer Group

Integrated Freight & Logistics · 219 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 59 · Above median
Fair Value upside +30% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 5% · Above median
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 8% · Top 25%
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 4.0% · Above median
Debt / equity 0.12× · Lower than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 9.5× · Cheaper than 75% of peers
P/B 0.75× · Cheaper than median
P/S (TTM) 0.60× · Pricier than median
P/FCF 0.5× · Cheaper than median
EV/EBITDA 4.9× · 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 73 · sector 46
FUTURE 0 · sector 8
PAST 31 · sector 26
HEALTH 94 · sector 94
DIVIDEND 80 · sector 55

Insider activity: 30/100

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is Sonic Interfreight Public Company (SONIC) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 1.99 THB versus a price of 1.53 THB, about +30% (undervalued).
What is the fair value of SONIC?
Our model-based fair value for Sonic Interfreight Public Company is 1.99 THB (as of Jul 13, 2026), built from audited fundamentals. The current price is 1.53 THB.
What is the quality score of SONIC?
Sonic Interfreight Public Company 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 revenue of Sonic Interfreight Public Company (SONIC)?
Sonic Interfreight Public Company reported trailing-twelve-month revenue of about 1.9B THB (latest available figure, as of Jul 13, 2026).
What is the net profit margin of SONIC?
The net profit margin of Sonic Interfreight Public Company is about 6.4%, meaning it keeps roughly 6.4% 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.

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