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Teera-Mongkol Industry Public Company (TMI) Fair Value & Analysis

Industrials · TH · Market cap 329M THB

TM Teera-Mongkol Industry Public Company TMI · BK
Price0.4700 THB
Fair Value0.6200 THB
Upside+31.9%
Quality61/100
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Mixed Growth
Thin margins · 4.9% net margin
Low debt · generates free cash flow
2.04% dividend yield
Ranks above peers (11/14)
Moderate moat 46/100
Evidence: High Range 0.4300 THB – 0.8900 THB Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 0.7200 THB to 0.6200 THB (−13.9%) since Jun 24, 2026. Share price +2.2% over the past month.

A solid business, screening 32% undervalued on our models.

What matters now

  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.4300 THB to 0.8900 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2.28 THB 0.4315 THB Fair Value 0.6200 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.4315 THB – 2.28 THB · fair‑value band 0.4300 THB – 0.8900 THB · the 0.4700 THB price screens below the 0.6200 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Teera-Mongkol Industry Public Company (TMI) currently trades at 0.4700 THB, while our model-based Fair Value estimate is 0.6200 THB, implying the stock looks roughly 31.9% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, Teera-Mongkol Industry Public Company generated revenue of 545M THB at a net margin of 4.2%. Revenue declined 15.4% year over year. It earns a return on equity of 5.8%. Net debt stands at 339M THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.4300 THB (bear case) to 0.8900 THB (bull case); at 0.4700 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 33% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 32%, TMI 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 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. Evidence
Highest evidence
Growth DCF 0.7300 THB 0.9300 THB 1.26 THB 80
Residual Income 0.3000 THB 0.3200 THB 0.3600 THB 76
Rev-Margin DCF 0.5900 THB 0.8500 THB 1.18 THB 74
All 24 models by family
DCF Models
FCF DCF 0.7100 THB 0.9200 THB 1.29 THB 38
Owner Earnings 0.4100 THB 0.5300 THB 0.7600 THB 31
5Y Revenue Exit 0.5900 THB 0.8300 THB 1.18 THB 39
5Y EBITDA Exit 0.8400 THB 1.27 THB 1.83 THB 41
5Y P/E Exit 0.5300 THB 0.7400 THB 0.9900 THB 38
10Y Revenue Exit 0.6200 THB 0.8300 THB 1.06 THB 36
10Y EBITDA Exit 0.7800 THB 1.09 THB 1.45 THB 37
10Y P/E Exit 0.6100 THB 0.7700 THB 0.9400 THB 35
Earnings-Based
Graham-Dodd 0.2300 THB 0.4000 THB 0.4900 THB 54
EPV 0.3400 THB 0.4000 THB 0.4400 THB 59
Dividend Discount
Gordon GGM 0.0600 THB 0.0700 THB 0.0800 THB 70
DDM Multi-Stage 0.0600 THB 0.0700 THB 0.0900 THB 61
Multiples
P/E Multiple 0.5400 THB 0.7200 THB 0.8900 THB 63
P/S Multiple 0.4300 THB 0.5800 THB 0.7200 THB 58
P/B Multiple 0.4300 THB 0.5800 THB 0.7200 THB 55
EV/EBIT 0.7800 THB 1.06 THB 1.34 THB 53
EV/EBITDA 1.10 THB 1.49 THB 1.88 THB 54
EV/Revenue 0.5400 THB 0.8000 THB 1.05 THB 43
Asset-Based
NCAV (Graham) 0.1800 THB 0.2500 THB 0.3700 THB 50
Growth DCF
Growth DCF 0.7300 THB 0.9300 THB 1.26 THB 80
Rev-Margin DCF 0.5900 THB 0.8500 THB 1.18 THB 74
Economic Profit
Residual Income 0.3000 THB 0.3200 THB 0.3600 THB 76
ROIC Compounder 0.3400 THB 0.4000 THB 0.4600 THB 72
Growth Earnings
Growth-Adj P/E 0.3800 THB 0.5400 THB 0.7000 THB 68

Widest divergence: Growth DCF (0.8500 THB) versus Dividend Discount (0.0700 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 545M THB
Revenue growth (YoY) -15.4%
Net margin 4.2%
Return on equity 5.8%
Free cash flow 61.8M THB FY2025
P/E ratio 11.5
More key figures
Operating margin 5.6%
EPS (TTM) 0.0400 THB
EPS growth (YoY) -26.0%
Net debt 339M THB FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 57 · Market factors (momentum, volatility) 42

Profitability 42
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 21
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

Teera-Mongkol Industry Public Company Limited, together with its subsidiaries, manufactures and distributes electrical equipment in Thailand. The company offers ballasts, LED lamps, LED bulbs and tubes, solar LED lamps and LEDs, light accessories, and ultraviolet lamps.

Full company description

Teera-Mongkol Industry Public Company Limited, together with its subsidiaries, manufactures and distributes electrical equipment in Thailand. The company offers ballasts, LED lamps, LED bulbs and tubes, solar LED lamps and LEDs, light accessories, and ultraviolet lamps. It also provides ballast for fluorescent lamps; ballast for direct current used in battery for cars, ships, and three-wheel carts; sodium metal halide streetlamps; transformers for halogen lamps; and ballast equipment for streetlights. It sells its products under GATA and CROSS brands. In addition, it engages in the generation and sell of electricity. It also exports its products. The company was incorporated in 2000 and is headquartered in Samut Sakhon, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Teera-Mongkol Industry Public Company reported revenue of 545M THB in FY2025 versus 484M THB in FY2021, a compound +3.0%/yr. Reported net income was 22.9M THB in FY2025.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
545M THB
Latest YoY
−3.2%
Avg. growth/yr (3Y) 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.
−1.3%
Avg. growth/yr (5Y) 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.
+4.0%
Avg. growth/yr (16Y) 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.
+3.8%
Revenue +3.0%/yr
FY21 484M THB
FY22 567M THB
FY23 582M THB
FY24 563M THB
FY25 545M THB
Net income
FY21 −2.4M THB
FY22 24.2M THB
FY23 27.1M THB
FY24 7.3M THB
FY25 22.9M THB
Character of growth · EPS growth decomposed (2015-2025) +24.8 % p.a.
Revenue per share +0.1 pp

of which total revenue +1.2 pp · buybacks/dilution −1.1 pp

EBIT margin +25.8 pp
Tax rate −4.9 pp
Residual (interest, one-offs) +3.8 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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Cite: Fair Value Calculator (2026). "Teera-Mongkol Industry Public Company Fair Value". https://www.fairvalue-calculator.com/stock/TMI

Peer Group

Electrical Equipment & Parts · 526 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 61 · Above median
Fair Value upside +32% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 16% · Top 25%
Revenue growth -6% · Bottom 25%
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.25× · Higher than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 12.3× · Cheaper than 75% of peers
P/B 1.33× · Cheaper than median
P/S (TTM) 0.62× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 4.6× · 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 76 · sector 0
FUTURE 0 · sector 57
PAST 30 · sector 26
HEALTH 87 · sector 97
DIVIDEND 41 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Teera-Mongkol Industry Public Company (TMI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.6200 THB versus a price of 0.4700 THB, about +32% (undervalued).
What is the fair value of TMI?
Our model-based fair value for Teera-Mongkol Industry Public Company is 0.6200 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.4700 THB.
What is the quality score of TMI?
Teera-Mongkol Industry Public Company has a Quality Score of 61/100. 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 Teera-Mongkol Industry Public Company (TMI)?
Teera-Mongkol Industry Public Company reported trailing-twelve-month revenue of about 545M THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of TMI?
The net profit margin of Teera-Mongkol Industry Public Company is about 4.2%, meaning it keeps roughly 4.2% 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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