T.C.J. Asia Public Company Limited (TCJ) Fair Value & Analysis
Industrials · TH · Market cap 258M THB
Strengths
Risks
Fair value as of: Aug 20, 2026
From 11 valuation models · updated yesterday
Share price +10.7% over the past month.
A solid business, screening 199% undervalued on our models.
What matters now
- The price is below even our cautious bear case (5.30 THB). The market is more pessimistic than our downside scenario.
- Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (5.30 THB to 10.83 THB) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 2.28 THB – 6.85 THB · fair‑value band 5.30 THB – 10.83 THB · the 2.70 THB price screens below the 8.07 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.
Analysis
T.C.J. Asia Public Company Limited (TCJ) currently trades at 2.70 THB, while our model-based Fair Value estimate is 8.07 THB, implying the stock looks roughly 198.9% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, T.C.J. Asia Public Company Limited generated revenue of 1.4B THB at a net margin of 0.9%. Revenue grew 27.4% year over year. It earns a return on equity of 1.2%. Net debt stands at 317M THB. Fundamentals as of Aug 20, 2026
Our scenario range runs from 5.30 THB (bear case) to 10.83 THB (bull case); at 2.70 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 about 10% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at 199%, TCJ screens cheaper 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.
All 11 models by family
Widest divergence: Growth DCF (15.75 THB) versus Asset-Based (8.47 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 56
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
T.C.J. Asia Public Company Limited, together with its subsidiaries, engages in the import and distribution of machinery and lifting equipment for construction work in Thailand and internationally.
Full company description
T.C.J. Asia Public Company Limited, together with its subsidiaries, engages in the import and distribution of machinery and lifting equipment for construction work in Thailand and internationally. It offers loading and unloading services; sells tractors and equipment, road rollers, wheel loaders, excavators, and cranes; and operates as a construction contractor. In addition, the company provides cranes and trucks rental and repair services; undertakes installation works; manufactures and distributes stainless steel pipes and tubes; trades in stainless steel sheets; machinery rental services; distributes heavy duty machinery and invests in other companies. The company was founded in 1980 and is based in Bang Phli, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
T.C.J. Asia Public Company Limited reported revenue of 1.3B THB in FY2025 versus 1.4B THB in FY2021, a compound −2.0%/yr. Reported net income was −20.9M THB in FY2025.
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Peer Group
Farm & Heavy Construction Machinery · 152 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.
Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Caterpillar Inc CATR | C$59.54 | C$12.83 | -78% |
| Deere & Company DE | $619.77 | $182.29 | -71% |
| AB Volvo (publ), VOLVA | kr 344.00 | kr 288.08 | -16% |
| PACCAR Inc PCAR | $131.06 | $94.80 | -28% |
| Epiroc AB EPIA | kr 254.50 | kr 144.14 | -43% |
| Sany Heavy Industry Co 600031 | ¥18.91 | ¥20.84 | +10% |
| XCMG Construction Machinery Co 000425 | ¥8.11 | ¥11.79 | +45% |
| Sinotruk (Hong Kong) Limited 3808 | HK$38.68 | HK$53.72 | +39% |
| Ashok Leyland Limited ASHOKLEY | ₹176.40 | ₹117.07 | -34% |
| Yutong Bus Co 600066 | ¥28.69 | ¥42.00 | +46% |
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Frequently asked questions
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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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