Thai Wah Public Company (TWPC) Fair Value & Analysis
Consumer Defensive · TH · Market cap 2.5B THB
Fair value as of: Jul 19, 2026
From 26 valuation models · updated 22 days ago
Share price −1.4% over the past month.
A solid business, screening 30% undervalued on our models.
What matters now
- Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from 2.79 THB (bear) to 4.65 THB (bull), base 3.72 THB. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 63/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.
How to read this chart
60‑month range 1.94 THB – 6.68 THB · fair‑value band 2.79 THB – 4.65 THB · the 2.86 THB price screens below the 3.72 THB fair value. Dashed = 300-day average. As of Jul 19, 2026.
Analysis
Thai Wah Public Company (TWPC) currently trades at 2.86 THB, while our model-based Fair Value estimate is 3.72 THB, implying the stock looks roughly 30.1% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Defensive 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: medium), always confirm before acting.
Over the trailing twelve months, Thai Wah Public Company generated revenue of 9.3B THB at a net margin of 1.7%. Revenue declined 11.0% year over year. It earns a return on equity of 3.1%. Net debt stands at 386M THB. Fundamentals as of Jul 19, 2026
Our scenario range runs from 2.79 THB (bear case) to 4.65 THB (bull case); at 2.86 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 9% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 30%, TWPC 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.
All 26 models by family
Widest divergence: DCF Models (7.84 THB) versus Dividend Discount (0.8600 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 70
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
Thai Wah Public Company Limited, together with its subsidiaries, manufactures and distributes vermicelli, tapioca starch, and other food and agricultural products in Thailand, Vietnam, China, Cambodia, Indonesia, and India. It operates through Starch, Food, and Other segments.
Full company description
Thai Wah Public Company Limited, together with its subsidiaries, manufactures and distributes vermicelli, tapioca starch, and other food and agricultural products in Thailand, Vietnam, China, Cambodia, Indonesia, and India. It operates through Starch, Food, and Other segments. The company offers tapioca flour and starch, modified starch, glucose syrup, tapioca pearls, alpha starch, rich flour and starch, and organic products used in the food, paper, and textile industries; and bean vermicelli, rice noodles, rice vermicelli, meal kits and instant noodles, mung bean starch noodles/Shanghai noodles, and other products. It also provides biodegradable products comprising thermoplastic starch resins for various applications, including single-use packaging, shopping bags, plastic packaging, plastic bottles and utensils, and agricultural and consumer goods, etc. In addition, the company is involved in landholding activities; and the generation and sale of electricity. Further, it engages in manufacture and distribution of animal feed, glucose and candies; and distribution of rice flour, bioplastic, and agri-biotech products. The company sells its products under the Double Kilin, New Grade, Phoenix, and Double Dragon brands. Thai Wah Public Company Limited was incorporated in 1947 and is headquartered in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Thai Wah Public Company reported revenue of 9.2B THB in FY2025 versus 9.1B THB in FY2021, a compound +0.3%/yr. Reported net income was 156M THB in FY2025, compounding −16.6%/yr from FY2021.
of which total revenue +14.2 pp · buybacks/dilution −4.4 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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Peer Group
Packaged Foods · 649 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 Packaged Foods 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nestlé India Limited NESTLEIND | ₹1,427 | ₹362.37 | -75% |
| Britannia Industries Limited BRITANNIA | ₹5,413 | ₹1,870 | -65% |
| Tata Consumer Products Limited TATACONSUM | ₹1,089 | ₹327.27 | -70% |
| PT Indofood CBP Sukses Makmur Tbk ICBP | 6,650 IDR | 15,757 IDR | +137% |
| Samyang Foods Co 003230 | 1,139,000 KRW | 1,010,543 KRW | -11% |
| Patanjali Foods Limited PATANJALI | ₹413.80 | ₹157.04 | -62% |
| Vietnam Dairy Products Joint Stock Company VNM | 58,500 VND | 68,259 VND | +17% |
| PT Mayora Indah Tbk, MYOR | 1,750 IDR | 2,699 IDR | +54% |
| PT Cisarua Mountain Dairy Tbk CMRY | 4,490 IDR | 4,355 IDR | -3% |
| Nongshim Co 004370 | 348,500 KRW | 530,619 KRW | +52% |
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Frequently asked questions
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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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