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Thai President Foods Public Company (TFMAMA) Fair Value & Analysis

Consumer Defensive · TH · Market cap 61.3B THB

TP Thai President Foods Public Company TFMAMA · BK
Price187.00 THB
Fair Value236.15 THB
Upside+26.3%
Quality62/100
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Mixed Growth
Solidly profitable · 13.3% net margin
Low debt · generates free cash flow
2.45% dividend yield
Ranks above peers (11/15)
Moderate moat 53/100
Evidence: Medium Range 172.46 THB – 294.53 THB Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

A solid business, screening 26% undervalued on our models.

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 172.46 THB (bear) to 294.53 THB (bull), base 236.15 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

227.68 THB 175.96 THB Fair Value 236.15 THB Dec 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 175.96 THB – 227.68 THB · fair‑value band 172.46 THB – 294.53 THB · the 187.00 THB price screens below the 236.15 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Thai President Foods Public Company (TFMAMA) currently trades at 187.00 THB, while our model-based Fair Value estimate is 236.15 THB, implying the stock looks roughly 26.3% undervalued today. The Quality Score stands at 62/100 (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 President Foods Public Company generated revenue of 27.2B THB at a net margin of 13.3%. Revenue declined 7.5% year over year. It earns a return on equity of 9.7%. The balance sheet holds a net cash position of 6.0B THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 172.46 THB (bear case) to 294.53 THB (bull case); at 187.00 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 5% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 26%, TFMAMA 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 162.51 THB 235.33 THB 340.85 THB 80
Residual Income 97.63 THB 108.68 THB 162.21 THB 76
Rev-Margin DCF 122.50 THB 178.86 THB 244.98 THB 74
All 26 models by family
DCF Models
FCF DCF 160.46 THB 243.56 THB 372.36 THB 38
Owner Earnings 139.56 THB 210.46 THB 320.33 THB 31
5Y Revenue Exit 122.50 THB 177.99 THB 248.08 THB 39
5Y EBITDA Exit 164.36 THB 257.20 THB 365.97 THB 41
5Y P/E Exit 170.94 THB 269.64 THB 374.07 THB 38
10Y Revenue Exit 132.09 THB 186.37 THB 258.44 THB 36
10Y EBITDA Exit 161.62 THB 241.70 THB 349.39 THB 37
10Y P/E Exit 165.83 THB 250.40 THB 355.64 THB 35
Earnings-Based
Graham-Dodd 76.47 THB 251.35 THB 336.05 THB 54
Lynch FV 56.52 THB 80.74 THB 104.96 THB 50
PEG = 1.0 56.52 THB 80.74 THB 104.96 THB 46
EPV 118.11 THB 134.76 THB 149.33 THB 59
Dividend Discount
Gordon GGM 60.38 THB 125.55 THB 199.17 THB 70
DDM Multi-Stage 60.38 THB 102.37 THB 131.77 THB 61
Multiples
P/E Multiple 177.11 THB 236.15 THB 295.18 THB 63
P/S Multiple 100.63 THB 134.18 THB 167.72 THB 58
P/B Multiple 143.37 THB 191.17 THB 238.96 THB 55
EV/EBIT 186.00 THB 241.93 THB 297.87 THB 53
EV/EBITDA 184.08 THB 239.37 THB 294.66 THB 54
EV/Revenue 106.26 THB 144.00 THB 181.74 THB 43
Asset-Based
NCAV (Graham) 54.93 THB 73.61 THB 109.87 THB 50
Growth DCF
Growth DCF 162.51 THB 235.33 THB 340.85 THB 80
Rev-Margin DCF 122.50 THB 178.86 THB 244.98 THB 74
Economic Profit
Residual Income 97.63 THB 108.68 THB 162.21 THB 76
ROIC Compounder 120.49 THB 148.82 THB 185.34 THB 72
Growth Earnings
Growth-Adj P/E 149.28 THB 213.26 THB 277.24 THB 68

Widest divergence: DCF Models (241.70 THB) versus Asset-Based (73.61 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 27.2B THB
Revenue growth (YoY) -8.6%
Net margin 13.3%
Return on equity 9.7%
Free cash flow 4.1B THB FY2025
P/E ratio 17.2
More key figures
Operating margin 16.6%
EPS (TTM) 10.96 THB
EPS growth (YoY) -9.7%
Net cash 6.0B THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 55

Profitability 44
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 82
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

Thai President Foods Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of instant noodles, semi-instant foods, and biscuits products in Thailand and internationally.

Full company description

Thai President Foods Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of instant noodles, semi-instant foods, and biscuits products in Thailand and internationally. It also offers fruit juices, wheat flour-related, and bakery products; and manufactures and distributes paper packaging and packaging printing products, as well as provides packaging services for consumable products. In addition, the company is involved in the real estate investment and lending business; restaurant and drink business; and trading in rice bran. Thai President Foods Public Company Limited was founded in 1972 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thai President Foods Public Company reported revenue of 27.6B THB in FY2025 versus 24.5B THB in FY2021, a compound +3.1%/yr. Reported net income was 3.7B THB in FY2025, compounding +0.9%/yr from FY2021.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
27.6B THB
Latest YoY
−6.6%
Avg. growth/yr (3Y)
+1.4%
Avg. growth/yr (5Y)
+3.2%
Avg. growth/yr (25Y)
+7.6%
Revenue +3.1%/yr
FY21 24.5B THB
FY22 26.5B THB
FY23 27.7B THB
FY24 29.6B THB
FY25 27.6B THB
Net income +0.9%/yr
FY21 3.6B THB
FY22 4.0B THB
FY23 3.8B THB
FY24 4.5B THB
FY25 3.7B THB

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Cite: Fair Value Calculator (2026). "Thai President Foods Public Company Fair Value". https://www.fairvalue-calculator.com/stock/TFMAMA

Peer Group

Packaged Foods · 653 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 62 · Above median
Fair Value upside +26% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 17.0× · Cheaper than median
P/B 1.69× · Pricier than median
P/S (TTM) 2.25× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 10.0× · Pricier than median
PEG 0.68× · 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 68 · sector 29
FUTURE 0 · sector 19
PAST 39 · sector 27
HEALTH 100 · sector 96
DIVIDEND 49 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Thai President Foods Public Company (TFMAMA) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 236.15 THB versus a price of 187.00 THB, about +26% (undervalued).
What is the fair value of TFMAMA?
Our model-based fair value for Thai President Foods Public Company is 236.15 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 187.00 THB.
What is the quality score of TFMAMA?
Thai President Foods Public Company has a Quality Score of 62/100. 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 Thai President Foods Public Company (TFMAMA)?
Thai President Foods Public Company reported trailing-twelve-month revenue of about 27.2B THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of TFMAMA?
The net profit margin of Thai President Foods Public Company is about 13.3%, meaning it keeps roughly 13.3% 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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