Saha Pathanapibul Public Company Limited (SPC) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Saha Pathanapibul Public Company Limited THB 117, price THB 56.50, upside +106.9%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Saha Pathanapibul Public Company Limited, together with its subsidiaries, engages in the consumer goods distribution business in Thailand and internationally. It operates in two segments, Sales of Consumer Products; and Office Building for Rent. The company distributes food and beverages, household, personal care, and other products.
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Saha Pathanapibul Public Company Limited, together with its subsidiaries, engages in the consumer goods distribution business in Thailand and internationally. It operates in two segments, Sales of Consumer Products; and Office Building for Rent. The company distributes food and beverages, household, personal care, and other products. It is also involved in sale of real estate properties; manufacture of instant noodles, mineral water, yoghurt, and coffee and beverage, as well as plastic packaging products; rental of office building; leasing of asset; internal and external service rendering; system implementation and computer programing services; and investment in startup businesses. The company distributes its products through traditional trade retailers and wholesalers, and modern trade retailers, including superstores and supermarket convenience stores, as well as special channels. Saha Pathanapibul Public Company Limited was founded in 1942 and is based in Bangkok, Thailand.
Stock analysis
Saha Pathanapibul Public Company Limited (SPC) currently trades at 56.50 THB, while our model-based Fair Value estimate is 116.89 THB, implying the stock looks roughly 51.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 152.42 THB per share, and 24 of the 26 models we run sit above the 56.50 THB price.
Bear case: the Dividend Discount group reads lowest at 31.05 THB, and 2 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 68.36 THB (bear) to 170.82 THB (bull), the price of 56.50 THB sits below 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 60/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Saha Pathanapibul Public Company Limited reported revenue of 41.2B THB in FY2025 versus 33.7B THB in FY2021, a compound +5.1%/yr. Reported net income was 2.7B THB in FY2025, compounding +11.0%/yr from FY2021.
Key figures
Market cap 18.6B THB (≈ $559M) · P/E ratio 7.2 · P/S ratio 0.47 · EPS (TTM) 7.82 THB · Dividend yield 4.2% · Net margin 6.4% · Return on equity 9.3% · Return on assets (EBIT) 6.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 6% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −10% fair-value upside, at 107%, SPC screens cheaper than that median.
Fair Value models
Bear 68.36 THBFair Value 116.89 THBBull 170.82 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (3.96 THB per share) are deliberately not added.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.64/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+0.4%
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.
+5.4%
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.
+4.9%
Start year 2020 (pandemic). Over 10 years: +3.5% a year
Revenue growth 25 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.
+6.1%
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What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+13.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.2%
Dividend (yield on the price)4.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9% vs 7%, steady
Profit margin 2020 to 2025 ⓘ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% → 7%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−3.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −4.2% a year for the price.
Compare Saha Pathanapibul Public Company Limited 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.Food Distribution · 86 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+107% · Top 25%
Profitability
Return on equity (TTM)9% · Above median
Return on assets4% · Above median
Net margin (TTM)6% · Top 25%
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth−5% · Below median
Dividend yield (TTM)4.2% · Above median
Valuation Multiplesvs Food Distribution median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Saha Pathanapibul Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SPC
Frequently asked questions
Is Saha Pathanapibul Public Company Limited (SPC) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 116.89 THB versus a price of 56.50 THB, about +107% upside (undervalued).
What is the fair value of SPC?
Our model-based fair value for Saha Pathanapibul Public Company Limited is 116.89 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 56.50 THB.
What is the quality score of SPC?
Saha Pathanapibul Public Company Limited has a Quality Score of 60/100. 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 Saha Pathanapibul Public Company Limited (SPC)?
Our model-based price target is the fair value of 116.89 THB (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 68.36 THB, optimistic scenario 170.82 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Saha Pathanapibul Public Company Limited stock forecast for 2026?
Our models put fair value at 116.89 THB, about +107% upside versus a price of 56.50 THB (undervalued). Cautious scenario 68.36 THB, optimistic scenario 170.82 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Saha Pathanapibul Public Company Limited (SPC)?
Saha Pathanapibul Public Company Limited reported trailing-twelve-month revenue of about 40.9B THB (latest available figure, as of Sep 24, 2026).
Does Saha Pathanapibul Public Company Limited pay a dividend?
Saha Pathanapibul Public Company Limited currently shows a dividend yield of about 4.25% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Saha Pathanapibul Public Company Limited (SPC)?
For today's price to be fair in a discounted-cash-flow model, Saha Pathanapibul Public Company Limited would have to grow free cash flow by -3.0 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SPC use?
Our models discount Saha Pathanapibul Public Company Limited at 11.6 %: a base by market capitalisation (small), damped by beta 0.07, 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 Saha Pathanapibul Public Company Limited that is -3.0 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Saha Pathanapibul Public Company Limited (SPC) delivered so far?
Over the past 5 years revenue at Saha Pathanapibul Public Company Limited grew +4.9 % a year. The price currently implies -3.0 % 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 Saha Pathanapibul Public Company Limited (SPC) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Saha Pathanapibul Public Company Limited (-3.0 % 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 Saha Pathanapibul Public Company Limited (SPC)?
The free-cash-flow yield on the price is 8.77 %: that much free cash flow Saha Pathanapibul Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Saha Pathanapibul Public Company Limited (SPC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saha Pathanapibul Public Company Limited it is 116.89 THB per share (as of Sep 24, 2026), against a price of 56.50 THB. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Saha Pathanapibul Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SPC trades below its calculated fair value: price 56.50 THB, fair value 116.89 THB, a gap of about +107% (undervalued). 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 SPC?
No. The price is what the market pays today (56.50 THB); the fair value is what the company's own numbers justify (116.89 THB). For Saha Pathanapibul Public Company Limited the two are 60.39 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Saha Pathanapibul Public Company Limited worth?
The market values Saha Pathanapibul Public Company Limited at about 18.6B THB (market capitalisation, as of Sep 24, 2026). Per share that is 56.50 THB; our models calculate a fair value of 116.89 THB per share.
What do the bullish and bearish scenarios say about SPC?
Our models span a range for Saha Pathanapibul Public Company Limited: cautious scenario 68.36 THB, base 116.89 THB, optimistic 170.82 THB per share (as of Sep 24, 2026, price 56.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SPC?
Saha Pathanapibul Public Company Limited trades at a price-to-earnings ratio of 7.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 116.89 THB is built from several models across several years. Other multiples: PEG 0.8, P/B 0.7, P/S 0.5, EV/EBITDA 5.7.
What is the PEG ratio of SPC?
The PEG ratio of Saha Pathanapibul Public Company Limited is 0.80 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Saha Pathanapibul Public Company Limited (SPC)?
Balance-sheet figures for Saha Pathanapibul Public Company Limited (as of Sep 24, 2026): return on equity 9.3%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is SPC from its 52-week high?
Saha Pathanapibul Public Company Limited trades at 56.50 THB, at its 52-week high of 56.50 THB and 6% above the low of 53.22 THB (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 116.89 THB is for.
Which stocks are comparable to Saha Pathanapibul Public Company Limited?
From the same area (Consumer Defensive) we also value Sysco Corporation, US Foods Holding, Performance Food Group, Jerónimo Martins, SGPS, S.A, 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 Saha Pathanapibul Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 56.50 THB, calculated fair value 116.89 THB (+107%), Quality Score 60/100, from 26 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 SPC calculated?
We run Saha Pathanapibul Public Company Limited through 26 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 116.89 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 14.1 % above its aggregate fair value. Saha Pathanapibul Public Company Limited currently trades 107 % below its own fair value, and the market average says nothing about that. 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 Saha Pathanapibul Public Company Limited (SPC)?
The closing price on Sep 23, 2026 was 56.50 THB. Our model-based fair value is 116.89 THB, about +107% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saha Pathanapibul Public Company Limited right now?
The price is below even our cautious bear case (68.36 THB). The market is more pessimistic than our downside scenario. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (68.36 THB to 170.82 THB) leaves room in how you read the outcome.
Where does the earnings growth of Saha Pathanapibul Public Company Limited (SPC) come from?
Earnings per share at Saha Pathanapibul Public Company Limited grew +7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.4 %, EBIT margin +3.6 %, tax rate +0.0 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Saha Pathanapibul Public Company Limited
How large is the market capitalisation of Saha Pathanapibul Public Company Limited (SPC)?
The market capitalisation of Saha Pathanapibul Public Company Limited is 18.6B THB (≈ $559M). 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 Saha Pathanapibul Public Company Limited (SPC)?
The price-to-sales ratio of Saha Pathanapibul Public Company Limited is 0.47 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Saha Pathanapibul Public Company Limited (SPC)?
Earnings per share at Saha Pathanapibul Public Company Limited are 7.82 THB (price ÷ EPS = P/E 7.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Saha Pathanapibul Public Company Limited (SPC)?
The dividend yield of Saha Pathanapibul Public Company Limited is 4.2% (payout 30.7%). 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 Saha Pathanapibul Public Company Limited (SPC)?
The net margin of Saha Pathanapibul Public Company Limited is 6.4% (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 Saha Pathanapibul Public Company Limited (SPC)?
The return on equity (ROE) of Saha Pathanapibul Public Company Limited is 9.3% (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 Saha Pathanapibul Public Company Limited (SPC)?
On an EBIT basis the return on assets of Saha Pathanapibul Public Company Limited is 6.7% (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 Saha Pathanapibul Public Company Limited (SPC)?
The operating margin of Saha Pathanapibul Public Company Limited is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saha Pathanapibul Public Company Limited (SPC)?
Revenue at Saha Pathanapibul Public Company Limited is growing −4.7% versus a year earlier (3y avg +5.4%). 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 Saha Pathanapibul Public Company Limited (SPC)?
Earnings per share at Saha Pathanapibul Public Company Limited are growing −10.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Saha Pathanapibul Public Company Limited (SPC) hold?
Saha Pathanapibul Public Company Limited holds more cash than debt, 1.9B THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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