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V.L. Enterprise Public Company (VL) Fair Value & Analysis

Industrials · TH · Market cap 947M THB

VL V.L. Enterprise Public Company VL · BK
Price0.8000 THB
Fair Value0.8156 THB
Upside+2.0%
Quality57/100
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Mixed Growth
Thin margins · 7.6% net margin
Low debt · generates free cash flow
1.87% dividend yield
Mixed vs. peers (8/14)
Narrow moat 42/100
Evidence: High Range 0.5735 THB – 1.10 THB Share as image

Fair value as of: Jul 11, 2026

From 24 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from 0.7400 THB to 0.8156 THB (+10.2%) since Jun 24, 2026.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (0.5735 THB to 1.10 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2.80 THB 0.6457 THB Fair Value 0.8156 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 0.6457 THB – 2.80 THB · fair‑value band 0.5735 THB – 1.10 THB · the 0.8000 THB price screens below the 0.8156 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

V.L. Enterprise Public Company (VL) currently trades at 0.8000 THB, while our model-based Fair Value estimate is 0.8156 THB, implying the stock looks roughly 2.0% fairly valued today. The Quality Score stands at 57/100 (solid quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, V.L. Enterprise Public Company generated revenue of 738M THB at a net margin of 7.6%. Revenue declined 0.4% year over year. It earns a return on equity of 5.3%. Net debt stands at 299M THB. Fundamentals as of Jul 11, 2026

Our scenario range runs from 0.5735 THB (bear case) to 1.10 THB (bull case); at 0.8000 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 14% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 2%, VL 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
Growth DCF 0.7800 THB 1.01 THB 1.36 THB 80
Residual Income 0.6300 THB 0.6200 THB 0.5200 THB 76
Rev-Margin DCF 0.5100 THB 0.7300 THB 1.01 THB 74
All 24 models by family
DCF Models
FCF DCF 0.7600 THB 1.00 THB 1.40 THB 38
Owner Earnings 0.8300 THB 1.09 THB 1.53 THB 31
5Y Revenue Exit 0.5100 THB 0.7100 THB 1.00 THB 39
5Y EBITDA Exit 1.11 THB 1.73 THB 2.55 THB 41
5Y P/E Exit 0.5300 THB 0.7500 THB 1.00 THB 38
10Y Revenue Exit 0.6000 THB 0.7800 THB 0.9800 THB 36
10Y EBITDA Exit 0.9500 THB 1.40 THB 1.92 THB 37
10Y P/E Exit 0.6200 THB 0.8000 THB 0.9800 THB 35
Earnings-Based
Graham-Dodd 0.2400 THB 0.4100 THB 0.5100 THB 54
EPV 0.2700 THB 0.3200 THB 0.3600 THB 59
Dividend Discount
Gordon GGM 0.1600 THB 0.1900 THB 0.2200 THB 70
DDM Multi-Stage 0.1600 THB 0.2000 THB 0.2500 THB 61
Multiples
P/E Multiple 0.5500 THB 0.7400 THB 0.9200 THB 63
P/S Multiple 0.4500 THB 0.6000 THB 0.7400 THB 58
P/B Multiple 0.4500 THB 0.6000 THB 0.7400 THB 55
EV/EBIT 0.5600 THB 0.7800 THB 1.00 THB 53
EV/EBITDA 1.61 THB 2.19 THB 2.76 THB 54
EV/Revenue 0.3600 THB 0.5700 THB 0.7800 THB 43
Asset-Based
NCAV (Graham) 0.4500 THB 0.6000 THB 0.8900 THB 50
Growth DCF
Growth DCF 0.7800 THB 1.01 THB 1.36 THB 80
Rev-Margin DCF 0.5100 THB 0.7300 THB 1.01 THB 74
Economic Profit
Residual Income 0.6300 THB 0.6200 THB 0.5200 THB 76
ROIC Compounder 0.2700 THB 0.3200 THB 0.3600 THB 72
Growth Earnings
Growth-Adj P/E 0.3900 THB 0.5600 THB 0.7200 THB 68

Widest divergence: DCF Models (0.8000 THB) versus Dividend Discount (0.1900 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 738M THB
Revenue growth (YoY) -0.4%
Net margin 7.6%
Return on equity 5.3%
Free cash flow 122M THB FY2025
P/E ratio 16.2
More key figures
Operating margin 14.5%
EPS (TTM) 0.0500 THB
Dividend yield 1.8%
EPS growth (YoY) +294%
Net debt 299M THB FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 56

Profitability 27
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 68
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

V.L. Enterprise Public Company Limited engages in a tanker fleet business in Thailand and internationally. The company offers logistical cargo shipping services. It also transports petroleum and chemical products through a fleet of vessels. It operates through 12 vessels for service. V.L.

Full company description

V.L. Enterprise Public Company Limited engages in a tanker fleet business in Thailand and internationally. The company offers logistical cargo shipping services. It also transports petroleum and chemical products through a fleet of vessels. It operates through 12 vessels for service. V.L. Enterprise Public Company Limited was incorporated in 1991 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

V.L. Enterprise Public Company reported revenue of 736M THB in FY2025 versus 663M THB in FY2021, a compound +2.7%/yr. Reported net income was 41.4M THB in FY2025, compounding +15.7%/yr from FY2021.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
736M THB
Latest YoY
−3.1%
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.
+0.4%
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.
+2.6%
Avg. growth/yr (11Y) 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.
+1.6%
Revenue +2.7%/yr
FY21 663M THB
FY22 726M THB
FY23 742M THB
FY24 760M THB
FY25 736M THB
Net income +15.7%/yr
FY21 23.1M THB
FY22 23.3M THB
FY23 31.0M THB
FY24 74.8M THB
FY25 41.4M THB
Character of growth · EPS growth decomposed (2014-2025) −8.4 % p.a.
Revenue per share −1.9 pp

of which total revenue +2.3 pp · buybacks/dilution −4.3 pp

EBIT margin −2.7 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −3.7 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).

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Cite: Fair Value Calculator (2026). "V.L. Enterprise Public Company Fair Value". https://www.fairvalue-calculator.com/stock/VL

Peer Group

Marine Shipping · 231 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 57 · Above median
Fair Value upside +1% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 3% · Above median
Net margin (TTM) 8% · Below median
Operating margin (TTM) 15% · Below median
Revenue growth -0% · Below median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.17× · Lower than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 16.0× · Pricier than median
P/B 0.89× · Cheaper than median
P/S (TTM) 1.28× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 4.9× · Cheaper than median

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 34 · sector 29
FUTURE 0 · sector 18
PAST 21 · sector 27
HEALTH 92 · sector 88
DIVIDEND 37 · sector 47

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is V.L. Enterprise Public Company (VL) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 0.8156 THB versus a price of 0.8000 THB, about +2% (fairly valued).
What is the fair value of VL?
Our model-based fair value for V.L. Enterprise Public Company is 0.8156 THB (as of Jul 11, 2026), built from audited fundamentals. The current price is 0.8000 THB.
What is the quality score of VL?
V.L. Enterprise Public Company has a Quality Score of 57/100. 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 V.L. Enterprise Public Company (VL)?
V.L. Enterprise Public Company reported trailing-twelve-month revenue of about 738M THB (latest available figure, as of Jul 11, 2026).
What is the net profit margin of VL?
The net profit margin of V.L. Enterprise Public Company is about 7.6%, meaning it keeps roughly 7.6% of revenue as net income. Based on the latest reported figures.
Does V.L. Enterprise Public Company pay a dividend?
V.L. Enterprise Public Company currently shows a dividend yield of about 1.83% relative to its recent price (as of Jul 11, 2026).

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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