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Eureka Design Public Company (UREKA) Fair Value & Analysis

Industrials · TH · Market cap 828M THB

ED Eureka Design Public Company UREKA · BK
Price0.3900 THB
Fair Value0.1300 THB
Upside-66.7%
Quality32/100
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Mixed Growth
Thin margins · 9.3% net margin
Low debt · negative free cash flow
Trails peers (4/12)
Narrow moat 40/100
Evidence: High Range 0.0900 THB – 0.1600 THB Share as image

Fair value as of: Jul 18, 2026

From 7 valuation models · updated 23 days ago

Share price −13.3% over the past month.

Below-average quality, and screening another 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.1600 THB). The favourable scenario is already priced in.
  • Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

3.94 THB 0.2700 THB Fair Value 0.1300 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.2700 THB – 3.94 THB · fair‑value band 0.0900 THB – 0.1600 THB · the 0.3900 THB price screens above the 0.1300 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Eureka Design Public Company (UREKA) currently trades at 0.3900 THB, while our model-based Fair Value estimate is 0.1300 THB, implying the stock looks roughly 66.7% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Industrials 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, Eureka Design Public Company generated revenue of 202M THB at a net margin of 9.3%. Revenue declined 18.5% year over year. It earns a return on equity of 1.2%. Net debt stands at 267M THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.0900 THB (bear case) to 0.1600 THB (bull case); at 0.3900 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 49% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -67%, UREKA screens richer 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 0.5300 THB 0.4800 THB 0.3200 THB 76
P/E Multiple 0.1200 THB 0.1500 THB 0.1900 THB 63
P/B Multiple 0.0900 THB 0.1300 THB 0.1600 THB 55
All 7 models by family
DCF Models
Owner Earnings 0.1100 THB 0.2200 THB 0.3900 THB 31
Earnings-Based
Graham-Dodd 0.0500 THB 0.2400 THB 0.3200 THB 54
Lynch FV 0.0600 THB 0.0900 THB 0.1200 THB 50
Multiples
P/E Multiple 0.1200 THB 0.1500 THB 0.1900 THB 63
P/B Multiple 0.0900 THB 0.1300 THB 0.1600 THB 55
Asset-Based
NCAV (Graham) 0.4200 THB 0.5600 THB 0.8300 THB 50
Economic Profit
Residual Income 0.5300 THB 0.4800 THB 0.3200 THB 76

Widest divergence: Asset-Based (0.5600 THB) versus Earnings-Based (0.0900 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 202M THB
Revenue growth (YoY) -18.5%
Net margin 9.3%
Return on equity 1.2%
Free cash flow −2.9M THB FY2025
P/E ratio 41.0
More key figures
Operating margin 27.7%
EPS (TTM) 0.0100 THB
EPS growth (YoY) +5,570%
Net debt 267M THB FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 30 · Market factors (momentum, volatility) 45

Profitability 16
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 29
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

Eureka Design Public Company Limited, together with its subsidiaries, engages in the production and distribution of tap water in Thailand and internationally. The company operates through Manufacture and Sell Tap Water; Production and Distribution of Plastic Pellets segments.

Full company description

Eureka Design Public Company Limited, together with its subsidiaries, engages in the production and distribution of tap water in Thailand and internationally. The company operates through Manufacture and Sell Tap Water; Production and Distribution of Plastic Pellets segments. It is involved in the distribution of electronic component and closed-circuit television; and manufacture and sale of energy and recycled plastic. The company was founded in 2002 and is headquartered in Pathum Thani, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eureka Design Public Company reported revenue of 212M THB in FY2025 versus 96.0M THB in FY2021, a compound +21.9%/yr. Reported net income was 13.9M THB in FY2025, compounding −10.1%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
212M THB
Latest YoY
−21.0%
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.
−6.3%
Avg. growth/yr (15Y) 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.
+1.1%
Revenue +21.9%/yr
FY21 96.0M THB
FY22 257M THB
FY23 318M THB
FY24 268M THB
FY25 212M THB
Net income −10.1%/yr
FY21 21.2M THB
FY22 72.5M THB
FY23 60.1M THB
FY24 63.7M THB
FY25 13.9M THB

UREKA screens 67% overvalued. Compare with CITIC Limited →

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Cite: Fair Value Calculator (2026). "Eureka Design Public Company Fair Value". https://www.fairvalue-calculator.com/stock/UREKA

Peer Group

Conglomerates · 369 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 32 · Bottom 25%
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 28% · Top 25%
Revenue growth -19% · Bottom 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 44.0× · Pricier than 75% of peers
P/B 0.53× · Cheaper than median
P/S (TTM) 4.10× · Pricier than 75% of peers
EV/EBITDA 17.6× · Pricier 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 0 · sector 20
FUTURE 0 · sector 16
PAST 5 · sector 20
HEALTH 96 · sector 88
DIVIDEND 0 · sector 39

VALUE 0: the price sits above our fair-value range.

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
CITIC Limited 0267 HK$11.28 HK$22.56 +100%
SK Inc 034730 580,000 KRW 497,919 KRW -14%
PT Astra International Tbk, ASII 4,810 IDR 9,620 IDR +100%
The Siam Cement Public Company SCC 254.00 THB 199.40 THB -21%
SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
Doosan Corporation 000155 464,000 KRW 75,620 KRW -84%
Thermax Limited THERMAX ₹4,809 ₹1,087 -77%

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Frequently asked questions

Is Eureka Design Public Company (UREKA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.1300 THB versus a price of 0.3900 THB, about −67% (overvalued).
What is the fair value of UREKA?
Our model-based fair value for Eureka Design Public Company is 0.1300 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.3900 THB.
What is the quality score of UREKA?
Eureka Design Public Company has a Quality Score of 32/100. 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 Eureka Design Public Company (UREKA)?
Eureka Design Public Company reported trailing-twelve-month revenue of about 202M THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of UREKA?
The net profit margin of Eureka Design Public Company is about 9.3%, meaning it keeps roughly 9.3% 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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