Union Petrochemical Public Company (UKEM) Fair Value & Analysis
Basic Materials · TH · Market cap 1.2B THB
Fair value as of: Jul 16, 2026
From 24 valuation models · updated 25 days ago
A solid business, but screening 24% overvalued on our models.
What matters now
- A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (1.07 THB). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 0.3654 THB – 4.19 THB · fair‑value band 0.6400 THB – 1.07 THB · the 1.12 THB price screens above the 0.8500 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Union Petrochemical Public Company (UKEM) currently trades at 1.12 THB, while our model-based Fair Value estimate is 0.8500 THB, implying the stock looks roughly 24.1% overvalued today. The Quality Score stands at 71/100 (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: high).
Over the trailing twelve months, Union Petrochemical Public Company generated revenue of 2.7B THB at a net margin of 5.2%. Revenue grew 4.7% year over year. It earns a return on equity of 16.8%. Net debt stands at 428M THB. Fundamentals as of Jul 16, 2026
Our scenario range runs from 0.6400 THB (bear case) to 1.07 THB (bull case); at 1.12 THB, the current price sits above 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 159% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -24%, UKEM 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 24 models by family
Widest divergence: DCF Models (1.57 THB) versus Dividend Discount (0.0800 THB). Highest evidence: Residual Income (76).
Notify me when UKEM reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 74
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
Union Petrochemical Public Company Limited engages in the import and distribution of chemical products in Thailand. It operates through three segments: Commodity Chemicals, Specialty Chemicals, and Other.
Full company description
Union Petrochemical Public Company Limited engages in the import and distribution of chemical products in Thailand. It operates through three segments: Commodity Chemicals, Specialty Chemicals, and Other. The company offers solvents, including oxygenated alcohols, glycols, ketones, esters, and glycol ethers; aromatic and non-dearomatized, saturated, dearomatized, and isoparaffinic hydrocarbons; liquid monomers; and branched alcohols and neo acids, comprising fatty alcohols and acids. It also provides polypropylene, such as homopolymer, block copolymer, and performance polymer, and other plastic products, comprising polyethylene terephthalate, biodegradable plastic, bio-plastic, and low-density polyethylene resin. In addition, the company offers solvents for plastic packaging, printing ink, and cleaning agents, as well as formulation consultation services. Further, it engages in the distribution of plastic pellets, lubricants, computer equipment, and electronic equipment; the provision of computer system services; the manufacturing and selling of all types of products from coconut food processing; and the provision of short-term credit facilities for the car selling business. Union Petrochemical Public Company Limited was founded in 1981 and is headquartered in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Union Petrochemical Public Company reported revenue of 2.6B THB in FY2025 versus 3.0B THB in FY2021, a compound −3.5%/yr. Reported net income was 54.4M THB in FY2025, compounding −17.3%/yr from FY2021.
of which total revenue −1.2 pp · buybacks/dilution +1.0 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).
UKEM screens 24% overvalued. Compare with BASF SE →
Peer Group
Chemicals · 333 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 Chemicals 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.
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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BASN | 1,034 MXN | 532.13 MXN | -49% |
| Ningxia Baofeng Energy Group 600989 | ¥20.32 | ¥20.17 | -1% |
| Zhejiang Juhua Co 600160 | ¥42.85 | ¥23.35 | -46% |
| PT Barito Pacific Tbk, BRPT | 1,690 IDR | 1,628 IDR | -4% |
| LG Chem, Ltd 051910 | 260,500 KRW | 587,755 KRW | +126% |
| Formosa Chemicals & Fibre Corporation 1326 | 66.10 TWD | 6.79 TWD | -90% |
| PTT Global Chemical Public Company PTTGC | 35.50 THB | 18.21 THB | -49% |
| 542812 542812 | ₹4,369 | ₹791.05 | -82% |
| Indorama Ventures Public Company IVL | 24.50 THB | 17.95 THB | -27% |
| Navin Fluorine International Limited NAVINFLUOR | ₹8,650 | ₹2,146 | -75% |
Compare Union Petrochemical Public Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Union Petrochemical Public Company (UKEM) overvalued or undervalued?
What is the fair value of UKEM?
What is the quality score of UKEM?
What is the revenue of Union Petrochemical Public Company (UKEM)?
What is the net profit margin of UKEM?
Does Union Petrochemical Public Company pay a dividend?
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.
Track Union Petrochemical Public Company and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.