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Thaifoods Group (TFG) Fair Value & Analysis

Consumer Defensive · TH · Market cap 61.1B THB

TG Thaifoods Group TFG · BK
Price9.55 THB
Fair Value23.53 THB
Upside+146.4%
Quality76/100
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Healthy Growth
Solidly profitable · 10.2% net margin
Low debt · generates free cash flow
6.70% dividend yield
Ranks above peers (10/15)
Wide moat 68/100
Evidence: High Range 16.89 THB – 34.58 THB Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Share price −11.6% over the past month.

A strong business, screening 146% undervalued on our models.

What matters now

  • The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (16.89 THB). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (16.89 THB to 34.58 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

11.20 THB 2.49 THB Fair Value 23.53 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 2.49 THB – 11.20 THB · fair‑value band 16.89 THB – 34.58 THB · the 9.55 THB price screens below the 23.53 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Thaifoods Group (TFG) currently trades at 9.55 THB, while our model-based Fair Value estimate is 23.53 THB, implying the stock looks roughly 146.4% undervalued today. The Quality Score stands at 76/100 (high quality), in the Consumer Defensive 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: high), always confirm before acting.

Over the trailing twelve months, Thaifoods Group generated revenue of 72.9B THB at a net margin of 10.2%. Revenue declined 0.8% year over year. It earns a return on equity of 36.6%. Net debt stands at 18.0B THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 16.89 THB (bear case) to 34.58 THB (bull case); at 9.55 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 17% below its 52-week high and 160% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 39% fair-value upside, at 146%, TFG 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 22.14 THB 40.89 THB 74.11 THB 80
Residual Income 8.47 THB 11.23 THB 79.36 THB 76
Rev-Margin DCF 15.99 THB 27.60 THB 43.35 THB 74
All 26 models by family
DCF Models
FCF DCF 22.58 THB 43.51 THB 83.21 THB 38
Owner Earnings 22.16 THB 43.04 THB 81.66 THB 31
5Y Revenue Exit 15.99 THB 27.90 THB 44.29 THB 39
5Y EBITDA Exit 22.37 THB 41.65 THB 66.64 THB 41
5Y P/E Exit 19.85 THB 36.23 THB 55.59 THB 38
10Y Revenue Exit 17.50 THB 29.86 THB 49.46 THB 36
10Y EBITDA Exit 22.28 THB 40.21 THB 69.03 THB 37
10Y P/E Exit 20.58 THB 36.13 THB 59.35 THB 35
Earnings-Based
Graham-Dodd 8.52 THB 45.81 THB 63.48 THB 54
Lynch FV 12.67 THB 18.10 THB 23.53 THB 50
PEG = 1.0 12.67 THB 18.10 THB 23.53 THB 46
EPV 12.79 THB 14.90 THB 16.75 THB 59
Dividend Discount
Gordon GGM 5.62 THB 11.69 THB 18.55 THB 70
DDM Multi-Stage 5.62 THB 9.86 THB 12.27 THB 61
Multiples
P/E Multiple 19.74 THB 26.32 THB 32.90 THB 63
P/S Multiple 14.72 THB 19.62 THB 24.53 THB 58
P/B Multiple 13.96 THB 18.61 THB 23.26 THB 55
EV/EBIT 20.01 THB 26.65 THB 33.29 THB 53
EV/EBITDA 23.70 THB 31.57 THB 39.44 THB 54
EV/Revenue 12.97 THB 18.49 THB 24.01 THB 43
Asset-Based
NCAV (Graham) 1.69 THB 2.27 THB 3.38 THB 50
Growth DCF
Growth DCF 22.14 THB 40.89 THB 74.11 THB 80
Rev-Margin DCF 15.99 THB 27.60 THB 43.35 THB 74
Economic Profit
Residual Income 8.47 THB 11.23 THB 79.36 THB 76
ROIC Compounder 14.43 THB 18.90 THB 24.37 THB 72
Growth Earnings
Growth-Adj P/E 18.62 THB 26.60 THB 34.58 THB 68

Widest divergence: DCF Models (36.23 THB) versus Asset-Based (2.27 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 72.9B THB
Revenue growth (YoY) -0.8%
Net margin 10.2%
Return on equity 36.6%
Free cash flow 9.7B THB FY2025
P/E ratio 7.3
More key figures
Operating margin 13.0%
EPS (TTM) 1.25 THB
Dividend yield 7.9%
EPS growth (YoY) -2.9%
Net debt 18.0B THB FY2025

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

Quality Score breakdown

Overall quality 76/100

Of which business quality 73 · Market factors (momentum, volatility) 78

Profitability 79
Margins and returns on capital today
Quality Growth 91
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 66
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

Thaifoods Group Public Company Limited, together with its subsidiaries, engages in the production and distribution of chicken and swine products in Thailand, Vietnam, Japan, and internationally. It operates through five segments: Poultry Business, Swine Business, Feed Mill Business, Retail Business, and Other Businesses.

Full company description

Thaifoods Group Public Company Limited, together with its subsidiaries, engages in the production and distribution of chicken and swine products in Thailand, Vietnam, Japan, and internationally. It operates through five segments: Poultry Business, Swine Business, Feed Mill Business, Retail Business, and Other Businesses. The company offers frozen chicken products; and processed foods, including jumbo cheese, chicken hotdog cheese, footlong chicken, chicken cocktail cheese, chicken garlic, cheese, smoked chicken, smoked crispy chicken, and jumbo smoked chicken sausages; chili chicken and chicken yor roll, chili chicken and chicken yor slide, chili bologna, bolognas, chicken meatball with crab stick, chicken tendon meat ball, and chicken meatball with seaweed. It also provides pork products comprising collar, shoulder, knuckle, spare rib, ham, tenderloin, belly, and head; and feed products. In addition, the company is involved in production and distribution of broiler chick, and sauce and seasoning products; research of cattle disease; manufacturing of vaccine, sack, and plastic sack; retail and real estate development businesses, as well as construction business and related services; breeding and distribution of pets; production and distribution of renewable energy; and operates as a consulting and service provider for logistics software. Further, it provides credit and leasing; and asset management services. Thaifoods Group Public Company Limited was founded in 1987 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thaifoods Group reported revenue of 72.8B THB in FY2025 versus 34.8B THB in FY2021, a compound +20.2%/yr. Reported net income was 7.4B THB in FY2025, compounding +90.8%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
72.8B THB
Latest YoY
+11.2%
Avg. growth/yr (3Y)
+11.6%
Avg. growth/yr (5Y)
+18.4%
Avg. growth/yr (14Y)
+18.0%
Revenue +20.2%/yr
FY21 34.8B THB
FY22 52.3B THB
FY23 55.9B THB
FY24 65.5B THB
FY25 72.8B THB
Net income +90.8%/yr
FY21 562M THB
FY22 4.7B THB
FY23 −813M THB
FY24 3.1B THB
FY25 7.4B THB

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Cite: Fair Value Calculator (2026). "Thaifoods Group Fair Value". https://www.fairvalue-calculator.com/stock/TFG

Peer Group

Farm Products · 291 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 76 · Top 25%
Fair Value upside +146% · Top 25%
Return on equity (TTM) 37% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 6.7% · Top 25%
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 8.2× · Cheaper than 75% of peers
P/B 3.04× · Pricier than 75% of peers
P/S (TTM) 0.84× · Pricier than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 4.6× · Cheaper than median
PEG 4.02× · Pricier 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 100 · sector 26
FUTURE 0 · sector 21
PAST 100 · sector 17
HEALTH 89 · sector 94
DIVIDEND 100 · sector 38

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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%
PT Nusantara Sawit Sejahtera Tbk NSSS 700.00 IDR 448.40 IDR -36%

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Frequently asked questions

Is Thaifoods Group (TFG) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 23.53 THB versus a price of 9.55 THB, about +146% (undervalued).
What is the fair value of TFG?
Our model-based fair value for Thaifoods Group is 23.53 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 9.55 THB.
What is the quality score of TFG?
Thaifoods Group has a Quality Score of 76/100. 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 Thaifoods Group (TFG)?
Thaifoods Group reported trailing-twelve-month revenue of about 72.9B THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of TFG?
The net profit margin of Thaifoods Group is about 10.2%, meaning it keeps roughly 10.2% of revenue as net income. Based on the latest reported figures.
Does Thaifoods Group pay a dividend?
Thaifoods Group currently shows a dividend yield of about 7.89% relative to its recent price (as of Jul 18, 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.

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