Union Pioneer Public Company Limited (UPF) Fair Value & Analysis
Consumer Cyclical · TH · Market cap 162M THB
Strengths
Risks
Fair value as of: Aug 13, 2026
From 9 valuation models · updated 8 days ago
Fair value updated Aug 13, 2026, revised from 76.18 THB to 67.06 THB (−12.0%) since Jul 14, 2026. Share price +2.8% over the past month.
A solid business, screening 199% undervalued on our models.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (54.17 THB). The market is more pessimistic than our downside scenario.
- Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 20.10 THB – 70.12 THB · fair‑value band 54.17 THB – 80.72 THB · the 22.40 THB price screens below the 67.06 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Union Pioneer Public Company Limited (UPF) currently trades at 22.40 THB, while our model-based Fair Value estimate is 67.06 THB, implying the stock looks roughly 199.4% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical 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, Union Pioneer Public Company Limited generated revenue of 502M THB at a net margin of -1.7%. Revenue declined 15.2% year over year. It earns a return on equity of -2.5%. Net debt stands at 1.7M THB. Fundamentals as of Aug 13, 2026
Our scenario range runs from 54.17 THB (bear case) to 80.72 THB (bull case); at 22.40 THB, the current price sits below 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 30% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -7% fair-value upside, at 199%, UPF 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 9 models by family
Widest divergence: Multiples (90.12 THB) versus Dividend Discount (8.93 THB). Highest evidence: Growth DCF (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 41
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 Pioneer Public Company Limited manufactures and distributes finished elastic products in Thailand, the United States, and internationally. The company provides textile, hygiene, and industrial products, including covering yarn; elastic webbing and crochet; elastic braids; and elastic rubber threads and tapes.
Full company description
Union Pioneer Public Company Limited manufactures and distributes finished elastic products in Thailand, the United States, and internationally. The company provides textile, hygiene, and industrial products, including covering yarn; elastic webbing and crochet; elastic braids; and elastic rubber threads and tapes. It also offers medical products, such as esmark, conforming, and elastic bandages; tourniquets; and anti-slip rubber sheets. In addition, the company provides exercise and rehab products comprising multi-loop and exercise bands. Further, it offers its products under Venus brand. The company was founded in 1973 and is headquartered in Bangkok, Thailand. Union Pioneer Public Company Limited is a subsidiary of Saha-Union Public Company Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Union Pioneer Public Company Limited reported revenue of 512M THB in FY2025 versus 605M THB in FY2021, a compound −4.1%/yr. Reported net income was −15.3M THB in FY2025.
of which total revenue −0.7 pp · buybacks/dilution +0.0 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).
Watch UPF: get an alert when its fair value changes →
Peer Group
Textile Manufacturing · 330 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 Textile Manufacturing 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.
Similar stocks
10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shenzhou International Group 2313 | HK$42.10 | HK$68.24 | +62% |
| Tongkun Group 601233 | ¥22.67 | ¥14.53 | -36% |
| Inner Mongolia ERDOS Resources Co 600295 | ¥12.79 | ¥14.35 | +12% |
| Far Eastern New Century Corporation 1402 | 27.55 TWD | 25.64 TWD | -7% |
| K.P.R. Mill Limited KPRMILL | ₹1,124 | ₹467.49 | -58% |
| Vardhman Textiles Limited VTL | ₹591.90 | ₹437.53 | -26% |
| Isiklar Enerji ve Yapi Holding IEYHO | 174.20 TRY | 324.31 TRY | +86% |
| Ruentex Industries Ltd 2915 | 54.10 TWD | 133.24 TWD | +146% |
| Welspun Living Limited WELSPUNLIV | ₹165.23 | ₹47.77 | -71% |
| Arvind Limited ARVIND | ₹571.85 | ₹322.41 | -44% |
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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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