Thai Mui Corporation Public Company Limited (THMUI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Thai Mui Corporation Public Company Limited stock THB 0.56, price THB 0.29, upside +93.1%, quality 58 out of 100. Rating: strongly undervalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 0.2254 THB – 1.67 THB · fair‑value band 0.3600 THB – 0.6700 THB · the 0.2900 THB price screens below the 0.5600 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Thai Mui Corporation Public Company Limited engages in retail and wholesale of iron ware, wire rope saw, pipes, and loop wire rope in Thailand. The company operates through two segments: Sale and services, and Projects.
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It also offers elevator, crane and equipment inspection, testing, technical analysis, and transportation service.
The company is also involved in plumbing contractor project; construction of a water quality improvement business for shrimp farm; and distribution of equipment and machinery parts relating to environment.
The company was formerly known as Thai Mui Trading Corporation Co., Ltd. Thai Mui Corporation Public Company Limited was incorporated in 2017 and is headquartered in Bangkok, Thailand.
Stock analysis
Thai Mui Corporation Public Company Limited (THMUI) currently trades at 0.2900 THB, while our model-based Fair Value estimate is 0.5600 THB, implying the stock looks roughly 48% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 0.5550 THB per share, and 21 of the 23 models we run sit above the 0.2900 THB price.
Bear case: the Asset-Based group reads lowest at 0.3500 THB, and 2 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.3600 THB (bear) to 0.6700 THB (bull), the price of 0.2900 THB sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Thai Mui Corporation Public Company Limited reported revenue of 445M THB in FY2025 versus 351M THB in FY2021, a compound +6.1%/yr. Reported net income was 12.4M THB in FY2025.
Key figures
Market cap 123M THB (≈ $3.7M) Micro · P/E ratio 7.3 · P/S ratio 0.27 · EPS (TTM) 0.0400 THB · Net margin 3.2% · Return on equity 4.3% · Return on assets (EBIT) −0.3% (5-year average) · Operating margin 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at 93%, THMUI screens cheaper than that median.
Fair Value models
Bear0.3600 THBFair Value 0.5600 THBBull0.6700 THB
Price 0.2900 THB · Upside +93.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0343 THB per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+25.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
Start year 2020 (pandemic). Over 10 years: +1.6% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.7%
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What shareholders gained per year (last 3 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +84.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +84.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−1% → 5%
⚠ Base effect: the rate starts in the earnings trough around 2022 (starting value 0.006 per share, median 0.026 in 2017 to 2020). It measures the recovery from the trough, not lasting growth.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +19.5% a year for the price.
Compare Thai Mui Corporation Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Industrial Distribution · 107 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+93.1% · Top 25%
Profitability
Return on equity (12 months)4.3% · Bottom 25%
Return on assets1.9% · Below median
Net margin (12 months)3.2% · Below median
Operating margin (12 months)3.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)1.9% · Below median
Balance sheet
Debt / equity0.13× · Below median
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
P/E (12 months)7.3× · Cheapest 25%
P/B0.36× · Cheapest 25%
P/S (12 months)0.27× · Cheapest 25%
Price / free cash flow (fiscal year)15.9× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Thai Mui Corporation Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/THMUI
Frequently asked questions
Is Thai Mui Corporation Public Company Limited (THMUI) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.5600 THB versus a price of 0.2900 THB, about +93% upside (undervalued).
What is the fair value of THMUI?
Our model-based fair value for Thai Mui Corporation Public Company Limited is 0.5600 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.2900 THB.
What is the quality score of THMUI?
Thai Mui Corporation Public Company Limited has a Quality Score of 58/100. 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 price target for Thai Mui Corporation Public Company Limited (THMUI)?
Our model-based price target is the fair value of 0.5600 THB (as of Nov 7, 2026) from 23 valuation models. Cautious scenario 0.3600 THB, optimistic scenario 0.6700 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Thai Mui Corporation Public Company Limited stock forecast for 2026?
Our models put fair value at 0.5600 THB, about +93% upside versus a price of 0.2900 THB (undervalued). Cautious scenario 0.3600 THB, optimistic scenario 0.6700 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Thai Mui Corporation Public Company Limited (THMUI)?
Thai Mui Corporation Public Company Limited reported trailing-twelve-month revenue of about 449M THB (latest available figure, as of Nov 7, 2026).
What growth is priced into Thai Mui Corporation Public Company Limited (THMUI)?
For today's price to be fair in a discounted-cash-flow model, Thai Mui Corporation Public Company Limited would have to grow free cash flow by +20.9 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of THMUI use?
Our models discount Thai Mui Corporation Public Company Limited at 10.1 %: a base by market capitalisation (nano), damped by beta 0.20, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Thai Mui Corporation Public Company Limited that is +20.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Thai Mui Corporation Public Company Limited (THMUI) delivered so far?
Over the past 5 years revenue at Thai Mui Corporation Public Company Limited grew +6.2 % a year. The price currently implies free-cash-flow growth of +20.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Thai Mui Corporation Public Company Limited (THMUI) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Thai Mui Corporation Public Company Limited (+20.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Thai Mui Corporation Public Company Limited (THMUI)?
The free-cash-flow yield on the price is 7.68 %: that much free cash flow Thai Mui Corporation Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Thai Mui Corporation Public Company Limited (THMUI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Thai Mui Corporation Public Company Limited it is 0.5600 THB per share (as of Nov 7, 2026), against a price of 0.2900 THB. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Thai Mui Corporation Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, THMUI trades below its calculated fair value: price 0.2900 THB, fair value 0.5600 THB, a gap of about +93% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of THMUI?
No. The price is what the market pays today (0.2900 THB); the fair value is what the company's own numbers justify (0.5600 THB). For Thai Mui Corporation Public Company Limited the two are 0.2700 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Thai Mui Corporation Public Company Limited worth?
The market values Thai Mui Corporation Public Company Limited at about 123M THB (market capitalisation, as of Nov 7, 2026). Per share that is 0.2900 THB; our models calculate a fair value of 0.5600 THB per share.
What do the bullish and bearish scenarios say about THMUI?
Our models span a range for Thai Mui Corporation Public Company Limited: cautious scenario 0.3600 THB, base 0.5600 THB, optimistic 0.6700 THB per share (as of Nov 7, 2026, price 0.2900 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of THMUI?
Thai Mui Corporation Public Company Limited trades at a price-to-earnings ratio of 7.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.5600 THB is built from several models across several years. Other multiples: P/B 0.4, P/S 0.3, EV/EBITDA 5.6.
How solid is the balance sheet of Thai Mui Corporation Public Company Limited (THMUI)?
Balance-sheet figures for Thai Mui Corporation Public Company Limited (as of Nov 7, 2026): return on equity 4.3%, debt of 0.13 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is THMUI from its 52-week high?
Thai Mui Corporation Public Company Limited trades at 0.2900 THB, about 24% below its 52-week high of 0.3800 THB and 29% above the low of 0.2254 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5600 THB is for.
Which stocks are comparable to Thai Mui Corporation Public Company Limited?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Thai Mui Corporation Public Company Limited stock attractive at the current price?
The data as of Nov 7, 2026: price 0.2900 THB, calculated fair value 0.5600 THB (+93%), Quality Score 58/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of THMUI calculated?
We run Thai Mui Corporation Public Company Limited through 23 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.5600 THB builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Thai Mui Corporation Public Company Limited currently trades 48% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Thai Mui Corporation Public Company Limited (THMUI)?
The closing price on Nov 6, 2026 was 0.2900 THB. Our model-based fair value is 0.5600 THB, about +93% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Thai Mui Corporation Public Company Limited right now?
The price is below even our cautious bear case (0.3600 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (0.3600 THB to 0.6700 THB) leaves room in how you read the outcome.
Where does the earnings growth of Thai Mui Corporation Public Company Limited (THMUI) come from?
Earnings per share at Thai Mui Corporation Public Company Limited grew −7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.6 %, EBIT margin −6.8 %, tax rate −0.3 %, residual (interest, one-offs) −2.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Thai Mui Corporation Public Company Limited
How large is the market capitalisation of Thai Mui Corporation Public Company Limited (THMUI)?
The market capitalisation of Thai Mui Corporation Public Company Limited is 123M THB (≈ $3.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Thai Mui Corporation Public Company Limited (THMUI)?
The price-to-sales ratio of Thai Mui Corporation Public Company Limited is 0.27 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Thai Mui Corporation Public Company Limited (THMUI)?
Earnings per share at Thai Mui Corporation Public Company Limited are 0.0400 THB (price ÷ EPS = P/E 7.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Thai Mui Corporation Public Company Limited (THMUI)?
The net margin of Thai Mui Corporation Public Company Limited is 3.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Thai Mui Corporation Public Company Limited (THMUI)?
The return on equity (ROE) of Thai Mui Corporation Public Company Limited is 4.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Thai Mui Corporation Public Company Limited (THMUI)?
On an EBIT basis the return on assets of Thai Mui Corporation Public Company Limited is −0.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Thai Mui Corporation Public Company Limited (THMUI)?
The operating margin of Thai Mui Corporation Public Company Limited is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Thai Mui Corporation Public Company Limited (THMUI)?
Revenue at Thai Mui Corporation Public Company Limited is growing +1.9% versus a year earlier (3y avg +5.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Thai Mui Corporation Public Company Limited (THMUI)?
Earnings per share at Thai Mui Corporation Public Company Limited are growing +130% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Thai Mui Corporation Public Company Limited (THMUI) carry?
The net debt of Thai Mui Corporation Public Company Limited is 208M THB (fiscal year 2025, ≈ 26.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026