The Steel Public Company Limited (THE) Fair Value & Analysis
Basic Materials · TH · Market cap 882M THB (≈ $26.8M) · ISIN TH0949B10Z06
What is The Steel Public Company Limited really worth?
A solid business, currently priced close to our fair value of 1.04 THB.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 10 valuation models · updated 21 days ago
Share price +47.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (0.6633 THB to 1.42 THB) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 0.5900 THB – 3.16 THB · fair‑value band 0.6633 THB – 1.42 THB · the 1.15 THB price screens above the 1.04 THB fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
The Steel Public Company Limited (THE) currently trades at 1.15 THB, while our model-based Fair Value estimate is 1.04 THB, implying the stock looks roughly 10.4% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector. Bull case: the Growth DCF group reads highest at a median of 5.06 THB per share, and 8 of the 10 models we run sit above the 1.15 THB price. Bear case: the Multiples group reads lowest at 0.4400 THB, and 2 of the 10 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, The Steel Public Company Limited generated revenue of 6.7B THB at a net margin of 0.1%. Revenue grew 6.3% year over year. It earns a return on equity of 0.3%. Net debt stands at 1.2B THB. Fundamentals as of Aug 13, 2026
Our scenario range runs from 0.6633 THB (bear case) to 1.42 THB (bull case); at 1.15 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 near its 52-week high and 113% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −9%, THE screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.0067 THB per share, which is 0.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 10 models by family
Widest divergence: Growth DCF (5.06 THB) versus Multiples (0.4400 THB). Highest evidence: FCF DCF (81).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 71
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
The Steel Public Company Limited, together with its subsidiaries, engages in the selling and transforming of hot rolled sheets and coils, and structural steel products in Thailand. It operates through Transactions Relating to Revenue from Sales of Steels; and Transactions Relating to Revenue from Logistic Services segments.
Full company description
The Steel Public Company Limited, together with its subsidiaries, engages in the selling and transforming of hot rolled sheets and coils, and structural steel products in Thailand. It operates through Transactions Relating to Revenue from Sales of Steels; and Transactions Relating to Revenue from Logistic Services segments. The company offers hot and cold rolled steel, and galvanized steel coils; and structural cold rolled LIP channel steel products, carbon steel square and rectangular steel pipes, and carbon steel round pipes. It also provides structural steel products, including H-beams, I-beams, wide flanges, steel sheet piles, angle and channel steel bars, hot and cold rolled steel sheets, hot dip galvanized steel sheets, and checkered plates; and round and deformed steel bars. In addition, the company manufactures pipes; and offers logistic services for steel products. The company was formerly known as Thai Yuan Metal Public Company Limited and changed its name to The Steel Public Company Limited in July 2014. The Steel Public Company Limited was founded in 1991 and is headquartered in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
The Steel Public Company Limited reported revenue of 6.6B THB in FY2025 versus 14.5B THB in FY2021, a compound −18.0%/yr. Reported net income was −68.6M THB in FY2025.
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Peer Group
Steel · 408 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 Steel median · lower = cheaper
Strength profile in five axes (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 Steel stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nucor Corporation NUE | $250.50 | $116.05 | −54% |
| ArcelorMittal S.A MT | €64.60 | €46.04 | −29% |
| JSW Steel Limited JSWSTEEL | ₹1,296 | ₹1,119 | −14% |
| Steel Dynamics, Inc STLD | $234.67 | $127.14 | −46% |
| 500228 500228 | ₹1,292 | ₹1,079 | −16% |
| Tata Steel Limited TATASTEEL | ₹186.80 | ₹145.39 | −22% |
| Reliance, Inc RS | $387.59 | $217.81 | −44% |
| Baoshan Iron & Steel Co 600019 | ¥5.91 | ¥8.07 | +37% |
| POSCO Holdings PKX | $57.09 | $83.53 | +46% |
| Jindal Steel & Power Limited JINDALSTEL | ₹1,114 | ₹429.44 | −61% |
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