Golden Lime PCL (SUTHA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Golden Lime PCL THB 1.34, price THB 3.10, upside -56.8%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1.87 THB – 5.55 THB · fair‑value band 0.6800 THB – 1.54 THB · the 3.10 THB price screens above the 1.34 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Golden Lime Public Company Limited, together with its subsidiaries, manufactures and distributes industrial chemical products in Thailand and internationally. It manufactures and distributes calcium oxide, calcium hydroxide, calcium carbonate, lime, limestone, and other related products.
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Golden Lime Public Company Limited, together with its subsidiaries, manufactures and distributes industrial chemical products in Thailand and internationally. It manufactures and distributes calcium oxide, calcium hydroxide, calcium carbonate, lime, limestone, and other related products. The company also designs, assembles, supplies, and installs machinery and equipment. In addition, it mines, produces, and distributes marbles, limestone, and related by-products. Further, the company provides engineering consulting, as well as packing, and transportation and logistics services. It serves iron and steel, non-ferrous, wastewater treatment and environmental, construction, construction engineering, mortar and cement, concrete, flue gas treatment, precipitated calcium carbonate, energy, pulp and paper, animal feed, sugar, agriculture and livestock, chemicals, and plastic and rubber industries. The company was incorporated in 2003 and is headquartered in Nonthaburi, Thailand. Golden Lime Public Company Limited is a subsidiary of CE Lime (Thailand) Limited.
Stock analysis
Golden Lime PCL (SUTHA) currently trades at 3.10 THB, while our model-based Fair Value estimate is 1.34 THB, implying the stock looks roughly 131.3% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1.81 THB per share, and 1 of the 9 models we run sit above the 3.10 THB price.
Bear case: the Multiples group reads lowest at 0.2000 THB, and 8 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.6800 THB (bear) to 1.54 THB (bull), the price of 3.10 THB sits above 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 37/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Golden Lime PCL reported revenue of 1.3B THB in FY2025 versus 1.2B THB in FY2021, a compound +2.3%/yr. Reported net income was −9.1M THB in FY2025.
Key figures
Market cap 1.0B THB (≈ $30.6M) · P/S ratio 0.77 · Dividend yield 2.5% · Net margin −0.7% · Return on equity −0.1% · Return on assets (EBIT) 3.7% · Operating margin 14.6% · Revenue (TTM) 1.3B THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −27% fair-value upside, at −57%, SUTHA screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.0300 THB to 3.65 THB). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 0.6800 THBFair Value 1.34 THBBull 1.54 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.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.12/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.2%
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.
−4.2%
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.
+3.1%
Start year 2020 (pandemic). Over 10 years: +3.4% a year
Revenue growth 13 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.
+3.5%
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Profit margin (trend) ⓘ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.
6.1% (2020) → 0.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Chemicals · 352 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−57% · Below median
Profitability
Return on assets1% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)2.5% · Above median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/S (TTM)0.02× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 1
FUTURE (revenue growth)9· sector 23
PAST (return on equity)0· sector 19
HEALTH (low debt)95· sector 94
DIVIDEND (yield)50· sector 32
VALUE 0: the price sits above our fair-value range.
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.
Is Golden Lime PCL (SUTHA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1.34 THB versus a price of 3.10 THB, about −57% upside (overvalued).
What is the fair value of SUTHA?
Our model-based fair value for Golden Lime PCL is 1.34 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 3.10 THB.
What is the quality score of SUTHA?
Golden Lime PCL has a Quality Score of 37/100. 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 Golden Lime PCL (SUTHA)?
Our model-based price target is the fair value of 1.34 THB (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 0.6800 THB, optimistic scenario 1.54 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Golden Lime PCL stock forecast for 2026?
Our models put fair value at 1.34 THB, about −57% upside versus a price of 3.10 THB (overvalued). Cautious scenario 0.6800 THB, optimistic scenario 1.54 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Golden Lime PCL (SUTHA)?
Golden Lime PCL reported trailing-twelve-month revenue of about 1.3B THB (latest available figure, as of Sep 24, 2026).
Does Golden Lime PCL pay a dividend?
Golden Lime PCL currently shows a dividend yield of about 2.48% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Golden Lime PCL (SUTHA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Golden Lime PCL it is 1.34 THB per share (as of Sep 24, 2026), against a price of 3.10 THB. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Golden Lime PCL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SUTHA trades above its calculated fair value: price 3.10 THB, fair value 1.34 THB, a gap of about −57% (overvalued). 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 SUTHA?
No. The price is what the market pays today (3.10 THB); the fair value is what the company's own numbers justify (1.34 THB). For Golden Lime PCL the two are 1.76 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Golden Lime PCL worth?
The market values Golden Lime PCL at about 1.0B THB (market capitalisation, as of Sep 24, 2026). Per share that is 3.10 THB; our models calculate a fair value of 1.34 THB per share.
What do the bullish and bearish scenarios say about SUTHA?
Our models span a range for Golden Lime PCL: cautious scenario 0.6800 THB, base 1.34 THB, optimistic 1.54 THB per share (as of Sep 24, 2026, price 3.10 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Golden Lime PCL (SUTHA)?
Balance-sheet figures for Golden Lime PCL (as of Sep 24, 2026): return on equity −0.1%, debt of 0.09 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is SUTHA from its 52-week high?
Golden Lime PCL trades at 3.10 THB, about 5% below its 52-week high of 3.26 THB and 40% above the low of 2.22 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 1.34 THB is for.
Which stocks are comparable to Golden Lime PCL?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow Inc, 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 Golden Lime PCL stock attractive at the current price?
The data as of Sep 24, 2026: price 3.10 THB, calculated fair value 1.34 THB (−57%), Quality Score 37/100, from 9 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 SUTHA calculated?
We run Golden Lime PCL through 9 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 1.34 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 14.0 % above its aggregate fair value. Golden Lime PCL itself currently trades above fair value. 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 Golden Lime PCL (SUTHA)?
The closing price on Sep 24, 2026 was 3.10 THB. Our model-based fair value is 1.34 THB, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Golden Lime PCL right now?
The price sits above even our optimistic bull case (1.54 THB). The favourable scenario is already priced in. Weak quality (37/100) 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 (0.6800 THB to 1.54 THB) leaves room in how you read the outcome.
Where does the earnings growth of Golden Lime PCL (SUTHA) come from?
Earnings per share at Golden Lime PCL grew −8.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.5 %, EBIT margin −4.6 %, tax rate −2.1 %, residual (interest, one-offs) −4.8 %. 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 Golden Lime PCL
How large is the market capitalisation of Golden Lime PCL (SUTHA)?
The market capitalisation of Golden Lime PCL is 1.0B THB (≈ $30.6M). 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 Golden Lime PCL (SUTHA)?
The price-to-sales ratio of Golden Lime PCL is 0.77 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Golden Lime PCL (SUTHA)?
The dividend yield of Golden Lime PCL is 2.5%. 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 Golden Lime PCL (SUTHA)?
The net margin of Golden Lime PCL is −0.7% (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 Golden Lime PCL (SUTHA)?
The return on equity (ROE) of Golden Lime PCL is −0.1% (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 Golden Lime PCL (SUTHA)?
On an EBIT basis the return on assets of Golden Lime PCL is 3.7% (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 Golden Lime PCL (SUTHA)?
The operating margin of Golden Lime PCL is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Golden Lime PCL (SUTHA)?
Revenue at Golden Lime PCL is growing +1.7% versus a year earlier (3y avg −4.2%). 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 Golden Lime PCL (SUTHA)?
Earnings per share at Golden Lime PCL are growing +27.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Golden Lime PCL (SUTHA) generate?
The free cash flow of Golden Lime PCL is −56.6M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Golden Lime PCL (SUTHA) carry?
The net debt of Golden Lime PCL is 885M THB (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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