T.M.C. Industrial Public Company Limited (TMC) Fair Value & Analysis

Industrials · TH · Market cap 317M THB (≈ $9.6M) · ISIN TH3876010002

A solid business, but trading 33% above our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (0.6200 THB). The favourable scenario is already priced in.
• Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
• 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 22, 2026.

How to read this chart

60‑month range 0.5729 THB – 3.33 THB · fair‑value band 0.4300 THB – 0.6200 THB · the 0.6900 THB price screens above the 0.5200 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

Full chart & analysis →

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Analysis

T.M.C. Industrial Public Company Limited (TMC) currently trades at 0.6900 THB, while our model-based Fair Value estimate is 0.5200 THB, implying the stock looks roughly 24.6% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, T.M.C. Industrial Public Company Limited generated revenue of 278M THB at a net margin of -5.2%. Revenue grew 42.8% year over year. It earns a return on equity of -2.5%. The balance sheet holds a net cash position of 69.2M THB. Fundamentals as of Aug 22, 2026

Our scenario range runs from 0.4300 THB (bear case) to 0.6200 THB (bull case); at 0.6900 THB, the current price sits above 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 24% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -18% fair-value upside, at -25%, TMC 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.

Widest divergence: Asset-Based (0.8500 THB) versus Multiples (0.4600 THB). Highest evidence: EV/EBITDA (67).

Key figures & financial health

Quality Score breakdown

About the company

T.M.C. Industrial Public Company Limited manufactures and distributes hydraulic machinery and handling equipment in Thailand and internationally. It operates through four segments: Manufacture and Distribution of Machinery; Services; Project Construction Service; and Health Services.

Full company description

T.M.C. Industrial Public Company Limited manufactures and distributes hydraulic machinery and handling equipment in Thailand and internationally. It operates through four segments: Manufacture and Distribution of Machinery; Services; Project Construction Service; and Health Services. The company engages in the manufacturing and distribution of hydraulic machines, such as press machines, cranes, and handling equipment; and provision of machine repair and maintenance, and metal machining services. It is also involved in the project construction service by supply machines and installation according to contract; and regenerative medicine and healthcare business. The company was founded in 1972 and is headquartered in Chonburi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

T.M.C. Industrial Public Company Limited reported revenue of 278M THB in FY2025 versus 292M THB in FY2021, a compound −1.3%/yr. Reported net income was −14.4M THB in FY2025.

TMC screens 33% overvalued. Compare with Caterpillar Inc →

Peer Group

Farm & Heavy Construction Machinery · 151 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 & Heavy Construction Machinery 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.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

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.