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S. Khonkaen Foods Public Company (SORKON) Fair Value & Analysis

Consumer Defensive · TH · Market cap 1.1B THB

SK S. Khonkaen Foods Public Company SORKON · BK
Price3.54 THB
Fair Value5.11 THB
Upside+44.4%
Quality52/100
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Expensive Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
7.14% dividend yield
Mixed vs. peers (7/14)
Narrow moat 31/100
Evidence: High Range 3.76 THB – 8.30 THB Share as image

Fair value as of: Jul 13, 2026

From 25 valuation models · updated 28 days ago

Share price +1.1% over the past month.

A solid business, screening 44% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (3.76 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (3.76 THB to 8.30 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

5.27 THB 3.26 THB Fair Value 5.11 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 3.26 THB – 5.27 THB · fair‑value band 3.76 THB – 8.30 THB · the 3.54 THB price screens below the 5.11 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

S. Khonkaen Foods Public Company (SORKON) currently trades at 3.54 THB, while our model-based Fair Value estimate is 5.11 THB, implying the stock looks roughly 44.4% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Defensive 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, S. Khonkaen Foods Public Company generated revenue of 3.5B THB at a net margin of 2.2%. Revenue declined 8.3% year over year. It earns a return on equity of 4.5%. Net debt stands at 1.3B THB. Fundamentals as of Jul 13, 2026

Our scenario range runs from 3.76 THB (bear case) to 8.30 THB (bull case); at 3.54 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 about 11% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 44%, SORKON 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 0.4300 THB 0.7100 THB 1.07 THB 80
Residual Income 3.61 THB 3.92 THB 4.60 THB 76
ROIC Compounder 2.45 THB 2.82 THB 3.14 THB 72
All 25 models by family
DCF Models
FCF DCF 0.4300 THB 0.7500 THB 1.19 THB 38
Owner Earnings 2.78 THB 4.15 THB 5.98 THB 31
5Y Revenue Exit 2.18 THB 4.11 THB 6.62 THB 39
5Y EBITDA Exit 5.14 THB 9.64 THB 14.96 THB 41
5Y P/E Exit 3.60 THB 6.77 THB 10.12 THB 38
10Y Revenue Exit 1.34 THB 2.83 THB 4.88 THB 36
10Y EBITDA Exit 3.16 THB 6.33 THB 10.69 THB 37
10Y P/E Exit 2.27 THB 4.51 THB 7.32 THB 35
Earnings-Based
Graham-Dodd 2.94 THB 9.13 THB 12.14 THB 54
Lynch FV 1.98 THB 2.83 THB 3.68 THB 50
PEG = 1.0 1.98 THB 2.83 THB 3.68 THB 46
EPV 2.45 THB 2.82 THB 3.14 THB 59
Dividend Discount
Gordon GGM 1.96 THB 3.53 THB 4.87 THB 70
DDM Multi-Stage 1.96 THB 3.05 THB 3.78 THB 61
Multiples
P/E Multiple 6.81 THB 9.08 THB 11.35 THB 63
P/S Multiple 5.51 THB 7.35 THB 9.19 THB 58
P/B Multiple 5.51 THB 7.35 THB 9.19 THB 55
EV/EBIT 5.09 THB 6.89 THB 8.69 THB 53
EV/EBITDA 9.41 THB 12.64 THB 15.88 THB 54
EV/Revenue 3.55 THB 5.20 THB 6.85 THB 43
Asset-Based
NCAV (Graham) 2.17 THB 2.91 THB 4.34 THB 50
Growth DCF
Growth DCF 0.4300 THB 0.7100 THB 1.07 THB 80
Economic Profit
Residual Income 3.61 THB 3.92 THB 4.60 THB 76
ROIC Compounder 2.45 THB 2.82 THB 3.14 THB 72
Growth Earnings
Growth-Adj P/E 5.63 THB 8.04 THB 10.45 THB 68

Widest divergence: Growth Earnings (8.04 THB) versus Growth DCF (0.7100 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.5B THB
Revenue growth (YoY) -8.3%
Net margin 2.2%
Return on equity 4.5%
Free cash flow 24.4M THB FY2025
P/E ratio 14.0
More key figures
Operating margin 0.9%
EPS (TTM) 0.2500 THB
Dividend yield 7.1%
EPS growth (YoY) +83.4%
Net debt 1.3B THB FY2025

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 52 · Market factors (momentum, volatility) 57

Profitability 46
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 95
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

S. Khonkaen Foods Public Company Limited, together with its subsidiaries, manufactures and distributes processed food products in Asia, the Americas, and Europe. It operates through four segments: Processed Food from Meat, Processed Seafood, Restaurants, and Swine Farm.

Full company description

S. Khonkaen Foods Public Company Limited, together with its subsidiaries, manufactures and distributes processed food products in Asia, the Americas, and Europe. It operates through four segments: Processed Food from Meat, Processed Seafood, Restaurants, and Swine Farm. The company offers local food products, such as sausages, pork rilo, and nuggets; jar yok, shredded pork, pork stick, pork ball, crispy pork, and dried pork products; and seafood products, including shrimp balls, fish balls, and fish tofu and fried fish cake products. It also provides frozen food items comprising pork leg, spicy soup, and cabbage soup with shiitake; snacks that consist of baked chicken breast, crispy pork, and roast chicken; and other food items, such as chili flakes, herbal drinks, and roasted red pork. In addition, the company is involved in breeding and sale of finishing swine products; restaurant and investment businesses; and provision of training and seminar services. S. Khonkaen Foods Public Company Limited was founded in 1984 and is headquartered in Samut Prakan, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

S. Khonkaen Foods Public Company reported revenue of 3.5B THB in FY2025 versus 2.8B THB in FY2021, a compound +6.0%/yr. Reported net income was 135M THB in FY2025, compounding −1.3%/yr from FY2021.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.5B THB
Latest YoY
+4.7%
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.
+3.4%
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.
+4.8%
Avg. growth/yr (25Y) 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.
+7.5%
Revenue +6.0%/yr
FY21 2.8B THB
FY22 3.2B THB
FY23 3.1B THB
FY24 3.4B THB
FY25 3.5B THB
Net income −1.3%/yr
FY21 142M THB
FY22 101M THB
FY23 54.7M THB
FY24 133M THB
FY25 135M THB
Character of growth · EPS growth decomposed (2014-2025) −0.6 % p.a.
Revenue per share +3.7 pp

of which total revenue +3.6 pp · buybacks/dilution +0.1 pp

EBIT margin −3.3 pp
Tax rate +0.1 pp
Residual (interest, one-offs) −1.1 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). "S. Khonkaen Foods Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SORKON

Peer Group

Packaged Foods · 648 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 52 · Below median
Fair Value upside +44% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 7.1% · Top 25%
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 14.0× · Cheaper than median
P/B 0.81× · Cheaper than median
P/S (TTM) 0.32× · Cheaper than median
P/FCF 1.4× · Cheaper than median
EV/EBITDA 4.3× · 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 93 · sector 28
FUTURE 0 · sector 20
PAST 18 · sector 27
HEALTH 88 · sector 96
DIVIDEND 100 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is S. Khonkaen Foods Public Company (SORKON) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 5.11 THB versus a price of 3.54 THB, about +44% (undervalued).
What is the fair value of SORKON?
Our model-based fair value for S. Khonkaen Foods Public Company is 5.11 THB (as of Jul 13, 2026), built from audited fundamentals. The current price is 3.54 THB.
What is the quality score of SORKON?
S. Khonkaen Foods Public Company has a Quality Score of 52/100. 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 S. Khonkaen Foods Public Company (SORKON)?
S. Khonkaen Foods Public Company reported trailing-twelve-month revenue of about 3.5B THB (latest available figure, as of Jul 13, 2026).
What is the net profit margin of SORKON?
The net profit margin of S. Khonkaen Foods Public Company is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
Does S. Khonkaen Foods Public Company pay a dividend?
S. Khonkaen Foods Public Company currently shows a dividend yield of about 7.18% relative to its recent price (as of Jul 13, 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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