Thai Union Feedmill Public Company (TFM) Fair Value & Analysis
Consumer Defensive · TH · Market cap 6.6B THB
Fair value as of: Jul 16, 2026
From 26 valuation models · updated 25 days ago
A solid business, screening 14% undervalued on our models.
What matters now
- A fairly wide model range (4.59 THB to 10.04 THB) leaves room in how you read the outcome.
- Our model range runs from 4.59 THB (bear) to 10.04 THB (bull), base 7.44 THB. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 65/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
57‑month range 2.38 THB – 6.85 THB · fair‑value band 4.59 THB – 10.04 THB · the 6.55 THB price screens below the 7.44 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Thai Union Feedmill Public Company (TFM) currently trades at 6.55 THB, while our model-based Fair Value estimate is 7.44 THB, implying the stock looks roughly 13.6% undervalued today. The Quality Score stands at 65/100 (solid 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: medium), always confirm before acting.
Over the trailing twelve months, Thai Union Feedmill Public Company generated revenue of 6.1B THB at a net margin of 12.2%. Revenue grew 7.6% year over year. It earns a return on equity of 25.5%. The balance sheet holds a net cash position of 437M THB. Fundamentals as of Jul 16, 2026
Our scenario range runs from 4.59 THB (bear case) to 10.04 THB (bull case); at 6.55 THB, the current price sits within 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 6% below its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at 14%, TFM 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.
All 26 models by family
Widest divergence: Growth Earnings (13.20 THB) versus Asset-Based (1.70 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 75
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
Thai Union Feedmill Public Company Limited, together with its subsidiaries, manufactures and distributes animal feeds in Thailand, Sri Lanka, Pakistan, Indonesia, and internationally. The company operates through four segments: Shrimp Feed Products, Fish Feed Products, Livestock Feed Products, and Others.
Full company description
Thai Union Feedmill Public Company Limited, together with its subsidiaries, manufactures and distributes animal feeds in Thailand, Sri Lanka, Pakistan, Indonesia, and internationally. The company operates through four segments: Shrimp Feed Products, Fish Feed Products, Livestock Feed Products, and Others. It offers aquaculture feed products for shrimp, fish, and frog; and livestock feed products comprising chicken, duck, pig, and quail feeds, as well as crab feed products. The company markets its products under the PROFEED, PROFEED TURBO, FCR, AQUAFEED, AQUAFEED LIGHT, EGOFEED, D-GROW, NANAMI, HITECH, KHUNSUEK, NEOPRO, SEASON FAT, TUXEDO, JUMBO FISHO, START MATCH, ONIL, SUPER BLOW, D-LIGHT, GOLDEN FROG, and SILVER FROG brands. It also exports its products to Indonesia, India, Sri Lanka, Bangladesh, Malaysia, Myanmar, and Laos. The company was incorporated in 2000 and is headquartered in Samut Sakhon, Thailand. Thai Union Feedmill Public Company Limited is a subsidiary of Thai Union Group Public Company Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Thai Union Feedmill Public Company reported revenue of 6.0B THB in FY2025 versus 4.8B THB in FY2021, a compound +6.0%/yr. Reported net income was 733M THB in FY2025, compounding +36.5%/yr from FY2021.
of which total revenue +4.4 pp · buybacks/dilution −3.5 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Farm Products · 288 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 Products 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.
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 16, 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% |
| Thaifoods Group TFGR | 10.60 THB | 23.53 THB | +122% |
| PT Jhonlin Agro Raya Tbk JARR | 1,845 IDR | 610.80 IDR | -67% |
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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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