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Tycoons Worldwide Group (Thailand) Public Company Limited (TYCN) Fair Value & Analysis

Basic Materials · TH · Market cap 1.0B THB (≈ $30.5M) · ISIN TH0754A10Z01

What is Tycoons Worldwide Group (Thailand) Public Company Limited really worth?

TW Tycoons Worldwide Group (Thailand) Public Company Limited TYCN · BK
Price1.68 THB
Fair Value2.13 THB
Upside+26.9%
Quality56/100

A solid business, trading 21% below our fair value of 2.13 THB.

As of Aug 14, 2026, the fair value of Tycoons Worldwide Group (Thailand) Public Company Limited is 2.13 THB per share against a price of 1.68 THB, so the fair value sits 27% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

✓Ranks above peers (8/12)

Risks

!Weak Growth (revenue 5y −0.8 %/yr)
!Thin margins · 1.5% net margin
!Low debt · negative free cash flow
!Narrow moat 25/100
!Evidence only low, so the estimate is less certain
!Weak on past: 9 out of 100
Evidence: Low Range 1.60 THB – 2.13 THB

Fair value as of: Aug 14, 2026

From 13 valuation models · updated 23 days ago

Fair value updated Aug 14, 2026, revised from 3.79 THB to 2.13 THB (−43.7%) since Jul 16, 2026. Share price +0.6% over the past month.

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

  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

4.40 THB 1.60 THB Fair Value 2.13 THB Jan 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range 1.60 THB – 4.40 THB · fair‑value band 1.60 THB – 2.13 THB · the 1.68 THB price screens below the 2.13 THB fair value. Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

Tycoons Worldwide Group (Thailand) Public Company Limited (TYCN) currently trades at 1.68 THB, while our model-based Fair Value estimate is 2.13 THB, implying the stock looks roughly 21.2% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector. Bull case: the Asset-Based group reads highest at a median of 4.49 THB per share, and 8 of the 13 models we run sit above the 1.68 THB price. Bear case: the Earnings-Based group reads lowest at 0.8500 THB, and 5 of the 13 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Tycoons Worldwide Group (Thailand) Public Company Limited generated revenue of 7.1B THB at a net margin of 1.5%. Revenue grew 102.5% year over year. It earns a return on equity of 2.3%. Net debt stands at 1.2B THB. Fundamentals as of Aug 14, 2026

Our scenario range runs from 1.60 THB (bear case) to 2.13 THB (bull case); at 1.68 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 11% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −23% fair-value upside, at 27%, TYCN screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.1160 THB per share, which is 5.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Owner Earnings best evidence 0.9400 THB 1.09 THB 1.35 THB 78
Residual Income 4.60 THB 4.39 THB 3.49 THB 76
EPV 0.8000 THB 0.8500 THB 0.9000 THB 74
All 13 models by family
DCF Models
Owner Earnings best evidence 0.9400 THB 1.09 THB 1.35 THB 78
Earnings-Based
Graham-Dodd 1.52 THB 1.85 THB 2.09 THB 67
EPV 0.8000 THB 0.8500 THB 0.9000 THB 74
Multiples
P/E Multiple 2.84 THB 3.79 THB 4.74 THB 63
P/S Multiple 2.84 THB 3.79 THB 4.74 THB 58
P/B Multiple 2.84 THB 3.79 THB 4.74 THB 55
EV/EBIT 0.9700 THB 1.15 THB 1.33 THB 66
EV/EBITDA 3.83 THB 4.97 THB 6.10 THB 67
EV/Revenue 0.9000 THB 1.10 THB 1.30 THB 54
Asset-Based
NCAV (Graham) 3.35 THB 4.49 THB 6.70 THB 54
Economic Profit
Residual Income 4.60 THB 4.39 THB 3.49 THB 76
ROIC Compounder 0.8000 THB 0.8500 THB 0.9000 THB 72
Growth Earnings
Growth-Adj P/E 2.03 THB 2.89 THB 3.76 THB 67

Widest divergence: Asset-Based (4.49 THB) versus Earnings-Based (0.8500 THB). Highest evidence: Owner Earnings (78).

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Key figures & financial health

P/E ratio 9.9
P/S ratio 0.23 P/E × margin
EPS (TTM) 0.1700 THB price ÷ EPS = P/E 9.9
Net margin 2.3% FY2025
Return on equity 2.3% TTM
Return on assets (EBIT) 2.4% avg 5y
More key figures
Profitability
Operating margin 0.8% TTM
Growth
Revenue (TTM) 7.1B THB TTM
Revenue growth (YoY) +103% 3y avg −15.0%
EPS growth (YoY) +11.1%
Balance sheet & cash flow
Free cash flow −327M THB FY2025
Net debt 1.2B THB FY2025

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 51 · Market factors (momentum, volatility) 50

Profitability 30
Margins and returns on capital today
Quality Growth 98
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 87
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Tycoons Worldwide Group (Thailand) Public Company Limited, together with its subsidiaries, manufactures and distributes steel wire rods, steel annealing wires, reinforced concrete bars, steel bolts, and wire products in Thailand. It offers spheroidized annealing wires, screws, and thread rods; and invests in land plots and other companies.

Full company description

Tycoons Worldwide Group (Thailand) Public Company Limited, together with its subsidiaries, manufactures and distributes steel wire rods, steel annealing wires, reinforced concrete bars, steel bolts, and wire products in Thailand. It offers spheroidized annealing wires, screws, and thread rods; and invests in land plots and other companies. The company also exports its products. Tycoons Worldwide Group (Thailand) Public Company Limited was founded in 1996 and is based in Rayong, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tycoons Worldwide Group (Thailand) Public Company Limited reported revenue of 5.8B THB in FY2025 versus 9.1B THB in FY2021, a compound −10.7%/yr. Reported net income was 133M THB in FY2025, compounding −22.9%/yr from FY2021.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.8B THB
Latest YoY
+35.4%
Avg. revenue 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.
−15.0%
Avg. revenue 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.
−0.8%
Avg. revenue growth/yr (22Y) ⓘ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.
+0.2%
Value creation/yr (5Y, in THB) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
−18.8% · in THB
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−18.8%
Dividend yield0.0%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −18.8% vs 10Y 10.1%, flattening
Operating margin (EBIT) ⓘ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.−4.8% (2020) → 0.5% (2025) · rising
Worst earnings drop799% (2015) (loss year, drop beyond 100%) · in THB
⚠ Revenue per share shrinking 3.9%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Revenue −10.7%/yr
FY21 9.1B THB
FY22 9.4B THB
FY23 5.6B THB
FY24 4.2B THB
FY25 5.8B THB
Net income −22.9%/yr
FY21 377M THB
FY22 162M THB
FY23 136M THB
FY24 −283M THB
FY25 133M THB
Character of growth · EPS growth decomposed (2014-2025) +11.4 % p.a.
Revenue per share −2.7 %

of which total revenue −2.7 % · buybacks/dilution +0.0 %

EBIT margin −7.7 %
Tax rate +5.7 %
Residual (interest, one-offs) +17.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Tycoons Worldwide Group (Thailand) Public Company Limited · Fair Value
2.13 THB +21%Fair Value
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Cite: Fair Value Calculator (2026). "Tycoons Worldwide Group (Thailand) Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/TYCN

Peer Group

Steel · 399 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 56 · Above median
Fair Value upside +27% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 102% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 9.9× · Cheaper than 75% of peers
P/B 0.25× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers
EV/EBITDA 2.1× · Cheaper than 75% of peers

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE69 · sector 13
FUTURE100 · sector 2
PAST9 · sector 16
HEALTH100 · sector 95
DIVIDEND0 · sector 49

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

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Nucor Corporation NUE $250.50 $116.05 −54%
ArcelorMittal S.A MT €64.60 €46.04 −29%
JSW Steel Limited JSWSTEEL ₹1,296 ₹1,119 −14%
Steel Dynamics, Inc STLD $234.67 $127.14 −46%
500228 500228 ₹1,292 ₹1,079 −16%
Tata Steel Limited TATASTEEL ₹188.79 ₹145.39 −23%
Reliance, Inc RS $387.59 $217.81 −44%
Baoshan Iron & Steel Co 600019 ¥5.91 ¥8.07 +37%
POSCO Holdings PKX $63.13 $85.21 +35%
Jindal Steel & Power Limited JINDALSTEL ₹1,114 ₹429.44 −61%

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Frequently asked questions

Is Tycoons Worldwide Group (Thailand) Public Company Limited (TYCN) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of 2.13 THB versus a price of 1.68 THB, about +27% upside (undervalued).
What is the fair value of TYCN?
Our model-based fair value for Tycoons Worldwide Group (Thailand) Public Company Limited is 2.13 THB (as of Aug 14, 2026), built from audited fundamentals. The current price: 1.68 THB.
What is the quality score of TYCN?
Tycoons Worldwide Group (Thailand) Public Company Limited has a Quality Score of 56/100. 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 Tycoons Worldwide Group (Thailand) Public Company Limited (TYCN)?
Our model-based price target is the fair value of 2.13 THB (as of Aug 14, 2026) from 13 valuation models. Cautious scenario 1.60 THB, optimistic scenario 2.13 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Tycoons Worldwide Group (Thailand) Public Company Limited stock forecast for 2026?
Our models put fair value at 2.13 THB, about +27% upside versus a price of 1.68 THB (undervalued). Cautious scenario 1.60 THB, optimistic scenario 2.13 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Tycoons Worldwide Group (Thailand) Public Company Limited (TYCN)?
Tycoons Worldwide Group (Thailand) Public Company Limited reported trailing-twelve-month revenue of about 7.1B THB (latest available figure, as of Aug 14, 2026).
What is the net profit margin of TYCN?
The net profit margin of Tycoons Worldwide Group (Thailand) Public Company Limited is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. Based on the latest reported figures.
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