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Ubis (Asia) Public Company (UBIS) Fair Value & Analysis

Basic Materials · TH · Market cap 393M THB

UA Ubis (Asia) Public Company UBIS · BK
Price1.36 THB
Fair Value1.22 THB
Upside-10.3%
Quality51/100
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Weak Growth
Thin margins · 3.4% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 33/100
Evidence: Medium Range 0.9200 THB – 1.52 THB Share as image

Fair value as of: Jul 19, 2026

From 13 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 0.6800 THB to 1.22 THB (+79.4%) since Jun 24, 2026. Share price −1.4% over the past month.

A solid business, but screening 10% overvalued on our models.

What matters now

  • Our model range runs from 0.9200 THB (bear) to 1.52 THB (bull), base 1.22 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

18.80 THB 0.8700 THB Fair Value 1.22 THB Feb 2021 Aug 2026

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 0.8700 THB – 18.80 THB · fair‑value band 0.9200 THB – 1.52 THB · the 1.36 THB price screens above the 1.22 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Ubis (Asia) Public Company (UBIS) currently trades at 1.36 THB, while our model-based Fair Value estimate is 1.22 THB, implying the stock looks roughly 10.3% overvalued today. The Quality Score stands at 51/100 (solid 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: medium).

Over the trailing twelve months, Ubis (Asia) Public Company generated revenue of 852M THB at a net margin of 3.4%. Revenue grew 22.8% year over year. It earns a return on equity of 4.6%. Net debt stands at 125M THB. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.9200 THB (bear case) to 1.52 THB (bull case); at 1.36 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 13% below its 52-week high and 74% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -10%, UBIS 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
Residual Income 1.50 THB 1.38 THB 0.9600 THB 76
ROIC Compounder 1.74 THB 1.83 THB 1.90 THB 72
Growth-Adj P/E 0.3300 THB 0.4700 THB 0.6000 THB 68
All 13 models by family
DCF Models
Owner Earnings 1.16 THB 1.17 THB 1.18 THB 31
Earnings-Based
Graham-Dodd 0.2400 THB 0.3400 THB 0.4000 THB 54
EPV 1.74 THB 1.83 THB 1.90 THB 59
Multiples
P/E Multiple 0.4600 THB 0.6100 THB 0.7600 THB 63
P/S Multiple 0.4600 THB 0.6100 THB 0.7600 THB 58
P/B Multiple 0.4600 THB 0.6100 THB 0.7600 THB 55
EV/EBIT 2.03 THB 2.33 THB 2.63 THB 53
EV/EBITDA 2.47 THB 2.92 THB 3.37 THB 54
EV/Revenue 1.90 THB 2.24 THB 2.58 THB 43
Asset-Based
NCAV (Graham) 1.15 THB 1.55 THB 2.31 THB 50
Economic Profit
Residual Income 1.50 THB 1.38 THB 0.9600 THB 76
ROIC Compounder 1.74 THB 1.83 THB 1.90 THB 72
Growth Earnings
Growth-Adj P/E 0.3300 THB 0.4700 THB 0.6000 THB 68

Widest divergence: Asset-Based (1.55 THB) versus Earnings-Based (0.3400 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 852M THB
Revenue growth (YoY) +22.8%
Net margin 3.4%
Return on equity 4.6%
Free cash flow −8.8M THB FY2025
P/E ratio 12.5
More key figures
Operating margin 6.8%
EPS (TTM) 0.1100 THB
EPS growth (YoY) +513%
Net debt 125M THB FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 49 · Market factors (momentum, volatility) 69

Profitability 28
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 77
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

Ubis (Asia) Public Company Limited, together with its subsidiaries, manufactures and distributes sealing compounds, lacquers, and coatings used in can production and bottle closures for the food, beverage, and general industries in Thailand, China, and internationally.

Full company description

Ubis (Asia) Public Company Limited, together with its subsidiaries, manufactures and distributes sealing compounds, lacquers, and coatings used in can production and bottle closures for the food, beverage, and general industries in Thailand, China, and internationally. The company offers solutions for metal packaging, such as compound sealants and coatings lacquers; solutions for non-metal packaging, including inks, adhesives, and coatings; compound sealants; and PVC plastisol compounds. It is also involved in the trading of products and asset management business. The company was founded in 1983 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ubis (Asia) Public Company reported revenue of 816M THB in FY2025 versus 1.2B THB in FY2021, a compound −8.4%/yr. Reported net income was 10.2M THB in FY2025, compounding −34.3%/yr from FY2021.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
816M THB
Latest YoY
−9.8%
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.
−7.9%
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.
−4.4%
Avg. growth/yr (19Y) 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.
+3.0%
Revenue −8.4%/yr
FY21 1.2B THB
FY22 1.0B THB
FY23 888M THB
FY24 904M THB
FY25 816M THB
Net income −34.3%/yr
FY21 54.7M THB
FY22 −20.1M THB
FY23 −73.8M THB
FY24 22.0M THB
FY25 10.2M THB
Character of growth · EPS growth decomposed (2014-2025) −19.8 % p.a.
Revenue per share −1.3 pp

of which total revenue +0.2 pp · buybacks/dilution −1.5 pp

EBIT margin −11.6 pp
Tax rate +0.7 pp
Residual (interest, one-offs) −7.7 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).

UBIS screens 10% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Ubis (Asia) Public Company Fair Value". https://www.fairvalue-calculator.com/stock/UBIS

Peer Group

Specialty Chemicals · 668 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 51 · Below median
Fair Value upside −10% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 23% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 12.5× · Cheaper than 75% of peers
P/B 0.60× · Cheaper than 75% of peers
P/S (TTM) 0.46× · Cheaper than 75% of peers
EV/EBITDA 1.2× · 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 20 · sector 0
FUTURE 100 · sector 19
PAST 18 · sector 23
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Ubis (Asia) Public Company (UBIS) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 1.22 THB versus a price of 1.36 THB, about −10% (overvalued).
What is the fair value of UBIS?
Our model-based fair value for Ubis (Asia) Public Company is 1.22 THB (as of Jul 19, 2026), built from audited fundamentals. The current price is 1.36 THB.
What is the quality score of UBIS?
Ubis (Asia) Public Company has a Quality Score of 51/100. 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 Ubis (Asia) Public Company (UBIS)?
Ubis (Asia) Public Company reported trailing-twelve-month revenue of about 852M THB (latest available figure, as of Jul 19, 2026).
What is the net profit margin of UBIS?
The net profit margin of Ubis (Asia) Public Company is about 3.4%, meaning it keeps roughly 3.4% 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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