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Saha Pathana Inter-Holding Public Company (SPI) Fair Value & Analysis

Real Estate · TH · Market cap 41.2B THB

SP Saha Pathana Inter-Holding Public Company SPI · BK
Price32.00 THB
Fair Value16.09 THB
Upside-49.7%
Quality93/100
Evidence: High Range 12.07 THB – 20.11 THB

Fair value as of: Jun 26, 2026

From 18 valuation models · updated 3 days ago

Share price +0.8% over the past month.

Price vs Fair Value (12 months)

35.94 THB 25.77 THB Fair Value 16.09 THB Mar 2025 Jun 2026

12‑month range 25.77 THB – 35.94 THB · fair‑value band 12.07 THB – 20.11 THB · the 32.00 THB price screens above the 16.09 THB fair value. As of Jun 26, 2026.

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Analysis

Saha Pathana Inter-Holding Public Company (SPI) currently trades at 32.00 THB, while our model-based Fair Value estimate is 16.09 THB — implying the stock looks roughly 49.7% overvalued today. We read business quality at 93/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Saha Pathana Inter-Holding Public Company generated revenue of 6.4B THB at a net margin of 23.4%. Revenue declined 32.6% year over year. It earns a return on equity of 3.0%. Net debt stands at 19.1B THB. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 6.4B THB
Revenue growth (YoY) -32.6%
Net margin 23.4%
Return on equity 3.0%
Free cash flow 486M THB FY2025
P/E ratio 27.4
More key figures
Operating margin 43.5%
EPS (TTM) 1.17 THB
Dividend yield 1.9%
EPS growth (YoY) -58.6%
Net debt 19.1B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Saha Pathana Inter-Holding Public Company Limited engages in the investment and development of industrial parks in Thailand. The company operates through three segments: Investment in Consumer Goods Business; Investment in Food and Beverage Business; and Industrial Park Development and Investment in Other Businesses. It engages in the development of land for industrial use; rental of land and building, basic utilities, and infrastructure; and sale of land to customers, as well as fitness center services, and manufacturing and distributing ready-made clothes. The company invests in consumer products, such as textile and fashion, household, beauty and cosmetics, and other consumer products; and food and beverages, which include instant noodles and semi-finished food products, as well as engages in the production and distribution of bread and bakery products. In addition, it is involved in the management of real estate investment trusts; and investment, trading, and exchange of digital…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saha Pathana Inter-Holding Public Company reported revenue of 3.2B THB in FY2025 versus 2.8B THB in FY2021, a compound +3.5%/yr. Reported net income was 2.3B THB in FY2025, compounding −10.7%/yr from FY2021.

Revenue +3.5%/yr
FY21 2.8B THB
FY22 4.3B THB
FY23 4.4B THB
FY24 3.8B THB
FY25 3.2B THB
Net income −10.7%/yr
FY21 3.6B THB
FY22 3.4B THB
FY23 3.1B THB
FY24 3.3B THB
FY25 2.3B THB

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Frequently asked questions

Is Saha Pathana Inter-Holding Public Company (SPI) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 16.09 THB versus a price of 32.00 THB — about −50% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SPI?
Our 21-model fair value for Saha Pathana Inter-Holding Public Company is 16.09 THB (as of Jun 26, 2026), built from audited fundamentals. The current price is 32.00 THB.
What is the quality score of SPI?
Saha Pathana Inter-Holding Public Company has a Quality Score of 93/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Saha Pathana Inter-Holding Public Company (SPI)?
Saha Pathana Inter-Holding Public Company reported trailing-twelve-month revenue of about 6.4B THB (latest available figure, as of Jun 26, 2026).
What is the net profit margin of SPI?
The net profit margin of Saha Pathana Inter-Holding Public Company is about 23.4%, meaning it keeps roughly 23.4% of revenue as net income. Based on the latest reported figures.
Does Saha Pathana Inter-Holding Public Company pay a dividend?
Saha Pathana Inter-Holding Public Company currently shows a dividend yield of about 1.88% relative to its recent price (as of Jun 26, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.