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Stella X Public Company (STELLA) Fair Value & Analysis

Real Estate · TH · Market cap 5.9B THB

SX Stella X Public Company STELLA · BK
Price0.2500 THB
Fair Value0.1530 THB
Upside-38.8%
Quality16/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 8/100
Evidence: Low Range 0.1105 THB – 0.2295 THB Share as image

Fair value as of: Jul 18, 2026

From 1 valuation models · updated 23 days ago

Share price −7.4% over the past month.

Below-average quality, and screening another 39% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.2295 THB). The favourable scenario is already priced in.
  • Weak quality (16/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (0.1105 THB to 0.2295 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1.66 THB 0.1300 THB Fair Value 0.1530 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.1300 THB – 1.66 THB · fair‑value band 0.1105 THB – 0.2295 THB · the 0.2500 THB price screens above the 0.1530 THB fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Stella X Public Company (STELLA) currently trades at 0.2500 THB, while our model-based Fair Value estimate is 0.1530 THB, implying the stock looks roughly 38.8% overvalued today. The Quality Score stands at 16/100 (below-average 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: low).

Trailing-twelve-month revenue stands at 882M THB. Revenue declined 37.3% year over year. It earns a return on equity of -45.7%. Net debt stands at 4.2B THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.1105 THB (bear case) to 0.2295 THB (bull case); at 0.2500 THB, the current price sits above 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 26% below its 52-week high and 108% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -39%, STELLA screens richer 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
NCAV (Graham) 0.1300 THB 0.1800 THB 0.2700 THB 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.1300 THB 0.1800 THB 0.2700 THB 50

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Key figures & financial health

Revenue (TTM) 882M THB
Revenue growth (YoY) -37.3%
Return on equity -45.7%
Free cash flow −544M THB FY2025
Operating margin -1,225%
EPS (TTM) -0.1800 THB
More key figures
Net debt 4.2B THB FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 16/100

Of which business quality 21 · Market factors (momentum, volatility) 74

Profitability 0
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 93
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 0
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

Stella X Public Company Limited engages in the property development business in Thailand. It operates through three segments: Property Development, Rental and Service, and Medical and Health. The company develops and sells land, houses, and residential condominium units.

Full company description

Stella X Public Company Limited engages in the property development business in Thailand. It operates through three segments: Property Development, Rental and Service, and Medical and Health. The company develops and sells land, houses, and residential condominium units. It also operates golf course and hotel; invests in hospital business; distributes medical and healthcare products; leases spaces and proprieties; operates as a travel agency; medical and technological business; and provides financial services, as well as construction of residential buildings. The company was formerly known as Nusasiri Public Company Limited and changed its name to Stella X Public Company Limited in December 2024. Stella X Public Company Limited was founded in 1960 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Stella X Public Company reported revenue of 882M THB in FY2025 versus 1.6B THB in FY2021, a compound −14.1%/yr. Reported net income was −2.9B THB in FY2025.

Growth Quality 12/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
882M THB
Latest YoY
−7.1%
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.
−18.1%
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.
+6.2%
Avg. growth/yr (22Y) 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.
+0.0%
Revenue −14.1%/yr
FY21 1.6B THB
FY22 1.6B THB
FY23 1.4B THB
FY24 950M THB
FY25 882M THB
Net income
FY21 −889M THB
FY22 −417M THB
FY23 −788M THB
FY24 −2.0B THB
FY25 −2.9B THB

STELLA screens 39% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Stella X Public Company Fair Value". https://www.fairvalue-calculator.com/stock/STELLA

Peer Group

Real Estate - Development · 588 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 21 · Bottom 25%
Fair Value upside −39% · Bottom 25%
Return on assets -13% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) -74% · Bottom 25%
Revenue growth -25% · Below median
Debt / equity 0.13× · Lower than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/S (TTM) 0.21× · 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 0 · sector 48
FUTURE 0 · sector 0
PAST 0 · sector 10
HEALTH 94 · sector 84
DIVIDEND 0 · sector 38

VALUE 0: the price sits above our fair-value range.

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Stella X Public Company (STELLA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.1530 THB versus a price of 0.2500 THB, about −39% (overvalued).
What is the fair value of STELLA?
Our model-based fair value for Stella X Public Company is 0.1530 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.2500 THB.
What is the quality score of STELLA?
Stella X Public Company has a Quality Score of 16/100. 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 Stella X Public Company (STELLA)?
Stella X Public Company reported trailing-twelve-month revenue of about 882M THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of STELLA?
The net profit margin of Stella X Public Company is about 0.0%, meaning it keeps roughly 0.0% 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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