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Sri Trang Agro-Industry Public Company Limited (STA) Fair Value & Analysis

Basic Materials · TH · Market cap 28.7B THB (≈ $862M) · ISIN TH0254A10Z06

What is Sri Trang Agro-Industry Public Company Limited really worth?

ST Sri Trang Agro-Industry Public Company Limited STA · BK
Price22.80 THB
Fair Value33.96 THB
Upside+49.0%
Quality53/100

A solid business, trading 33% below our fair value of 33.96 THB.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +8.5 %/yr)
!Loss-making · -1.2% net margin
!Trails peers (4/12)
!Narrow moat 22/100
!Evidence only low, so the estimate is less certain

For context

·2.19% dividend yield
Evidence: Low Range 33.96 THB – 50.66 THB

Fair value as of: Aug 20, 2026

From 13 valuation models · updated 13 days ago

Fair value updated Aug 20, 2026, revised from 16.98 THB to 33.96 THB (+100.0%) since Aug 13, 2026. Share price +22.6% over the past month.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (33.96 THB). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

38.40 THB 10.09 THB Fair Value 33.96 THB Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 10.09 THB – 38.40 THB · fair‑value band 33.96 THB – 50.66 THB · the 22.80 THB price screens below the 33.96 THB fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Sri Trang Agro-Industry Public Company Limited (STA) currently trades at 22.80 THB, while our model-based Fair Value estimate is 33.96 THB, implying the stock looks roughly 32.9% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bull case: the Growth DCF group reads highest at a median of 92.52 THB per share, and 8 of the 13 models we run sit above the 22.80 THB price. Bear case: the Dividend Discount group reads lowest at 14.31 THB, and 5 of the 13 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Sri Trang Agro-Industry Public Company Limited generated revenue of 106B THB at a net margin of −1.2%. Revenue declined 21.9% year over year. It earns a return on equity of −2.1%. Net debt stands at 36.7B THB. Fundamentals as of Aug 20, 2026

Our scenario range runs from 33.96 THB (bear case) to 50.66 THB (bull case); at 22.80 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 near its 52-week high and 128% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at 49%, STA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF 74.39 THB 116.21 THB 177.73 THB 79
Growth DCF 76.41 THB 114.40 THB 167.43 THB 78
5Y EBITDA Exit 31.73 THB 44.46 THB 58.07 THB 76
All 13 models by family
DCF Models
FCF DCF 74.39 THB 116.21 THB 177.73 THB 79
Owner Earnings 3.40 THB 10.02 THB 73
5Y Revenue Exit 57.68 THB 91.69 THB 133.81 THB 72
5Y EBITDA Exit 31.73 THB 44.46 THB 58.07 THB 76
10Y Revenue Exit 61.23 THB 93.21 THB 133.61 THB 66
10Y EBITDA Exit 46.70 THB 60.89 THB 77.23 THB 70
Dividend Discount
Gordon GGM 9.19 THB 19.10 THB 30.30 THB 66
DDM Multi-Stage 9.19 THB 14.31 THB 19.76 THB 66
Multiples
EV/EBITDA 10.58 THB 17.51 THB 24.44 THB 65
EV/Revenue 51.85 THB 78.45 THB 105.05 THB 53
Asset-Based
NCAV (Graham) 15.69 THB 21.03 THB 31.39 THB 54
Growth DCF
Growth DCF 76.41 THB 114.40 THB 167.43 THB 78
Rev-Margin DCF 57.68 THB 92.52 THB 131.31 THB 72

Widest divergence: Growth DCF (92.52 THB) versus Dividend Discount (14.31 THB). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/S ratio 0.28 TTM
EPS (TTM) −0.8500 THB
Dividend yield 2.2%
Net margin −1.1% FY2025
Return on equity −2.1% TTM
Return on assets (EBIT) 6.7% avg 5y
More key figures
Profitability
Operating margin 4.1% TTM
Growth
Revenue (TTM) 106B THB TTM
Revenue growth (YoY) −21.9% 3y avg +0.8%
EPS growth (YoY) −6.7%
Balance sheet & cash flow
Free cash flow 11.8B THB FY2025
Net debt 36.7B THB FY2025 · ≈ 3.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 87

Profitability 23
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sri Trang Agro-Industry Public Company Limited, together with its subsidiaries, manufactures and distributes natural rubber products in Thailand, China, the United States, Japan, Korea, India, Germany, and internationally. It operates through three segments: Natural Rubber Products, Gloves, and Other Businesses.

Full company description

Sri Trang Agro-Industry Public Company Limited, together with its subsidiaries, manufactures and distributes natural rubber products in Thailand, China, the United States, Japan, Korea, India, Germany, and internationally. It operates through three segments: Natural Rubber Products, Gloves, and Other Businesses. The company manufactures, sells, and trades in ribbed smoked sheets, concentrated latex, and block rubbers, as well as special grade and air dried sheets; manufactures and sells powdered, powder-free, and nitrile latex gloves; and offers finished products, including examination gloves and high-pressure, compact, and mining hydraulic hoses, as well as industrial and water jet washing hoses. It also provides escalator handrails and rubber injection-moulded goods, as well as processed woods and packaging products; and engages in the plantation of rubber, palm, temperate fruits, and economic trees. In addition, the company offers engineering services, such as design, manufacturing, and installation of industrial machinery and spare parts; repair and maintenance; IT and mechanical efficiency consulting; research and development of machinery and production processes; instrument calibration services; environmental and workplace safety consulting; and other engineering services. Further, it is involved in logistics; import/export documentation; information technology; and dissolution services, as well as financial asset management and investment. The company was founded in 1987 and is headquartered in Songkhla, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sri Trang Agro-Industry Public Company Limited reported revenue of 113B THB in FY2025 versus 118B THB in FY2021, a compound −1.0%/yr. Reported net income was −1.3B THB in FY2025.

Growth Quality 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
113B THB
Latest YoY
−0.8%
Avg. revenue 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.
+0.8%
Avg. revenue 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.
+8.5%
Avg. revenue 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.
+11.1%
Value creation/yr 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
Revenue −1.0%/yr
FY21 118B THB
FY22 111B THB
FY23 84.2B THB
FY24 114B THB
FY25 113B THB
Net income
FY21 26.2B THB
FY22 4.8B THB
FY23 −434M THB
FY24 1.7B THB
FY25 −1.3B THB

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Cite: Fair Value Calculator (2026). "Sri Trang Agro-Industry Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/STA

Peer Group

Specialty Chemicals · 715 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 53 · Below median
Fair Value upside +49% · Top 25%
Return on assets −1% · Bottom 25%
Net margin (TTM) −1% · Bottom 25%
Operating margin (TTM) 3% · Below median
Revenue growth −22% · Bottom 25%
Dividend yield (TTM) 2.2% · Above median
Debt / equity 0.43× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 4.9× · Cheaper than 75% of peers
PEG 6.11× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE99 · sector 0
FUTURE0 · sector 19
PAST0 · sector 23
HEALTH78 · sector 95
DIVIDEND44 · sector 28

Insider activity: 40/100

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

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Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 −9%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

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Frequently asked questions

Is Sri Trang Agro-Industry Public Company Limited (STA) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 33.96 THB versus a price of 22.80 THB, about +49% upside (undervalued).
What is the fair value of STA?
Our model-based fair value for Sri Trang Agro-Industry Public Company Limited is 33.96 THB (as of Aug 20, 2026), built from audited fundamentals. The current price: 22.80 THB.
What is the quality score of STA?
Sri Trang Agro-Industry Public Company Limited has a Quality Score of 53/100. 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 Sri Trang Agro-Industry Public Company Limited (STA)?
Sri Trang Agro-Industry Public Company Limited reported trailing-twelve-month revenue of about 106B THB (latest available figure, as of Aug 20, 2026).
What is the net profit margin of STA?
The net profit margin of Sri Trang Agro-Industry Public Company Limited is about −1.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Sri Trang Agro-Industry Public Company Limited pay a dividend?
Sri Trang Agro-Industry Public Company Limited currently shows a dividend yield of about 2.19% relative to its recent price (as of Aug 20, 2026).
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