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TMT Steel Public Company (TMT) Fair Value & Analysis

Basic Materials · TH · Market cap 3.0B THB

TS TMT Steel Public Company TMT · BK
Price3.52 THB
Fair Value1.95 THB
Upside-44.6%
Quality95/100
Evidence: High Range 1.46 THB – 2.44 THB

Fair value as of: Jun 24, 2026

From 22 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 2.53 THB to 1.95 THB (−22.9%) since Jun 23, 2026. Share price −3.4% over the past month.

Price vs Fair Value (12 months)

4.11 THB 2.71 THB Fair Value 1.95 THB Jun 2025 Jun 2026

12‑month range 2.71 THB – 4.11 THB · fair‑value band 1.46 THB – 2.44 THB · the 3.52 THB price screens above the 1.95 THB fair value. As of Jun 24, 2026.

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Analysis

TMT Steel Public Company (TMT) currently trades at 3.52 THB, while our model-based Fair Value estimate is 1.95 THB — implying the stock looks roughly 44.6% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials 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: high).

Over the trailing twelve months, TMT Steel Public Company generated revenue of 17.8B THB at a net margin of 0.8%. Revenue grew 3.9% year over year. It earns a return on equity of 4.3%. Net debt stands at 4.2B THB. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 17.8B THB
Revenue growth (YoY) +3.9%
Net margin 0.8%
Return on equity 4.3%
Free cash flow 901M THB FY2025
P/E ratio 21.3
More key figures
Operating margin 2.7%
EPS (TTM) 0.1600 THB
Dividend yield 2.9%
EPS growth (YoY) +71.4%
Net debt 4.2B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

TMT Steel Public Company Limited, together with its subsidiaries, engages in the manufacture, processing, distribution, and sale of structural steel plates and sheets in Thailand. The company offers flat products, including hot rolled cut sheets/plates, hot rolled plates, slitted coils, flat bars, and checkered plates; and hot rolled steel sections comprising H-beams/wide flanges, I-beams, channels, angles, cut-beams, round bars, and deformed bars. It also provides cold formed products, including round, square, and rectangular tubes; square and rectangular tube GI; carbon steel pressure pipes; lip and light channels; lip channel GI; and light angles. In addition, the company offers electronic commerce services. The company was formerly known as Thai Metal Trade Public Company Limited. TMT Steel Public Company Limited was founded in 1976 and is headquartered in Bangkok, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TMT Steel Public Company reported revenue of 17.6B THB in FY2025 versus 21.6B THB in FY2021, a compound −4.9%/yr. Reported net income was 99.8M THB in FY2025, compounding −49.5%/yr from FY2021.

Revenue −4.9%/yr
FY21 21.6B THB
FY22 22.2B THB
FY23 20.0B THB
FY24 19.3B THB
FY25 17.6B THB
Net income −49.5%/yr
FY21 1.5B THB
FY22 242M THB
FY23 333M THB
FY24 −41.6M THB
FY25 99.8M THB

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Similar stocks

6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2140 $0.2500 +17%
Nucor Corporation NUE $250.49 $79.02 -68%
ArcelorMittal S.A ARMT34 R$163.20 R$15.38 -91%
JSW Steel Limited JSWSTEEL ₹1,284 ₹901.55 -30%
China Steel Corporation 2002A 38.25 TWD 9.37 TWD -76%
Baoshan Iron & Steel Co 600019 ¥5.74 ¥7.78 +36%

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Frequently asked questions

Is TMT Steel Public Company (TMT) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 1.95 THB versus a price of 3.52 THB — about −45% (overvalued). Model-based estimate, not financial advice.
What is the fair value of TMT?
Our 21-model fair value for TMT Steel Public Company is 1.95 THB (as of Jun 24, 2026), built from audited fundamentals. The current price is 3.52 THB.
What is the quality score of TMT?
TMT Steel Public Company has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of TMT Steel Public Company (TMT)?
TMT Steel Public Company reported trailing-twelve-month revenue of about 17.8B THB (latest available figure, as of Jun 24, 2026).
What is the net profit margin of TMT?
The net profit margin of TMT Steel Public Company is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.
Does TMT Steel Public Company pay a dividend?
TMT Steel Public Company currently shows a dividend yield of about 2.94% relative to its recent price (as of Jun 24, 2026).

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.