EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Vanachai Group Public Company Limited (VNG) fair value: what the stock is really worth

As of Oct 12, 2026: fair value of Vanachai Group Public Company Limited THB 0.84, price THB 1.83, upside -54.1%, quality 27 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Basic Materials · TH · ISIN TH0533010Z00

VG Thin data Oct 3, 2026

Vanachai Group Public Company Limited

VNG · BK

Weakest SetupStrongly overvalued and low quality.

Moderate debt
Insider activity 40/100
Fair value 0.8400 THB · Strongly overvalued (−54.1%)
Quality 27/100
Weak Growth (revenue 5y +6.3 %/yr in THB)
Loss-making · -7.5% net margin (TTM)
Negative free cash flow
Trails peers (2/11)
Narrow moat 8/100 · thin data
Thin data
⟳ Cyclical
Watch Vanachai Group Public Company Limited for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

9.23 THB 1.68 THB Fair Value 0.8400 THB May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.

How to read this chart

60‑month range 1.68 THB – 9.23 THB · fair‑value band 0.6800 THB – 1.66 THB · the 1.83 THB price screens above the 0.8400 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 3, 2026.

Follow Vanachai Group Public Company in your weekly email

Every Wednesday you see whether Vanachai Group Public Company is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Vanachai Group Public Company Limited, together with its subsidiaries, engages in production and distribution of wood plates, medium density fiberboards, particle boards, doorskin, and melamine on wood plates in Thailand and internationally.

Show more

Vanachai Group Public Company Limited, together with its subsidiaries, engages in production and distribution of wood plates, medium density fiberboards, particle boards, doorskin, and melamine on wood plates in Thailand and internationally. The company offers oriented strand boards, shuttering board, melamine faced panels, moulded doors, melanine doors, decorative panels, laminate flooring, flooring and accessories, and plywoods, as well as polyester and veneer on MDF boards. It also manufactures glue and impregnated paper products; and engages in the manufacture of electricity from renewable energy, as well as in marketing management business. In addition, the company provides transportation services. The company was formerly known as MDF Planner Co., Ltd. and changed its name to Vanachai Group Public Company Limited. The company was founded in 1943 and is headquartered in Bangkok, Thailand.

Stock analysis

Vanachai Group Public Company Limited (VNG) currently trades at 1.83 THB, while our model-based Fair Value estimate is 0.8400 THB, 54.1% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of 2.89 THB per share, and 2 of the 4 models we run sit above the 1.83 THB price.

Bear case: the Dividend Discount group reads lowest at 0.4500 THB, and 2 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: 0.6800 THB (bear) to 1.66 THB (bull), the price of 1.83 THB sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 27/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Vanachai Group Public Company Limited reported revenue of 11.3B THB in FY2025 versus 13.0B THB in FY2021, a compound −3.4%/yr. Reported net income was −602M THB in FY2025.

Key figures

Market cap 3.2B THB (≈ $94.6M) · P/S ratio 0.32 · EPS (TTM) −0.4700 THB · Dividend yield 2.6% · Net margin −5.3% · Return on equity −12.2% · Return on assets (EBIT) 3.8% · Operating margin −7.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 16% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −29% fair-value upside, at −54%, VNG screens richer than that median.

Fair Value models

Bear 0.6800 THB Fair Value 0.8400 THB Bull 1.66 THB
Price 1.83 THB · Upside -54.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Gordon GGM 0.3500 THB 0.4500 THB 0.5300 THB 67
DDM Multi-Stage 0.3500 THB 0.4500 THB 0.5400 THB 65
EV/EBITDA 1.62 THB 2.89 THB 4.16 THB 65
All 4 models by family
Dividend Discount
Gordon GGM 0.3500 THB 0.4500 THB 0.5300 THB 67
DDM Multi-Stage 0.3500 THB 0.4500 THB 0.5400 THB 65
Multiples
EV/EBITDA 1.62 THB 2.89 THB 4.16 THB 65
Asset-Based
NCAV (Graham) 1.92 THB 2.57 THB 3.84 THB 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 27/100

Of which business quality 28 · Market factors (momentum, volatility) 44

Profitability 11
Margins and returns on capital today
Quality Growth 1
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−16.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−4.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
Start year 2020 (pandemic). Over 10 years: +0.5% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.6%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−4.4% (2020) → −3.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

VNG screens overvalued: fair value 54% below the price. Compare with Simpson Manufacturing Co →

Compare Vanachai Group Public Company Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer Groupⓘ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.Lumber & Wood Production · 71 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Fair Value upside −54.1% · Below median
Profitability
Return on assets −2.2% · Below median
Net margin (TTM) −7.5% · Below median
Operating margin (TTM) −7.6% · Below median
Growth and dividend
Revenue growth −18.1% · Bottom 25%
Dividend yield (TTM) 2.6% · Above median
Balance sheet
Debt / equity 0.66× · Highest 25%

Valuation Multiplesvs Lumber & Wood Production median · lower = cheaper

EV/EBITDA 11.9× · Pricier than median
PEG 0.24× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 9
FUTURE (revenue growth)0 · sector 16
PAST (return on equity)0 · sector 1
HEALTH (low debt)67 · sector 91
DIVIDEND (yield)51 · sector 36

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

Context: sector, industry, market

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

Similar stocks

10 more Lumber & Wood Production stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Stella-Jones Inc SJ C$69.65 C$115.37 +66% vs VNG
UFP Industries, Inc UFPI $74.21 $103.76 +40% vs VNG
DeHua TB New Decoration Material Co 002043 ¥12.02 ¥15.06 +25% vs VNG
Simpson Manufacturing Co SSD $171.12 $188.23 +10% vs VNG
Boise Cascade Company BCC $74.15 $52.72 −29% vs VNG
Interfor Corporation IFP C$13.33 C$6.43 −52% vs VNG
Century Plyboards (India) Limited CENTURYPLY ₹666.45 ₹201.01 −70% vs VNG
Canfor Corporation CFP C$15.71 C$4.54 −71% vs VNG
Greenlam Industries Limited GREENLAM ₹212.85 ₹48.51 −77% vs VNG
Zhongfu Straits (Pingtan) Development Company 000592 ¥8.53 ¥1.91 −78% vs VNG

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Vanachai Group Public Company Limited · Fair Value
0.8400 THB −54%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Vanachai Group Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/VNG

Frequently asked questions

Is Vanachai Group Public Company Limited (VNG) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 0.8400 THB versus a price of 1.83 THB, about −54% upside (overvalued).
What is the fair value of VNG?
Our model-based fair value for Vanachai Group Public Company Limited is 0.8400 THB (as of Oct 3, 2026), built from audited fundamentals. The current price: 1.83 THB.
What is the quality score of VNG?
Vanachai Group Public Company Limited has a Quality Score of 27/100. 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 price target for Vanachai Group Public Company Limited (VNG)?
Our model-based price target is the fair value of 0.8400 THB (as of Oct 3, 2026) from 4 valuation models. Cautious scenario 0.6800 THB, optimistic scenario 1.66 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Vanachai Group Public Company Limited stock forecast for 2026?
Our models put fair value at 0.8400 THB, about −54% upside versus a price of 1.83 THB (overvalued). Cautious scenario 0.6800 THB, optimistic scenario 1.66 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Vanachai Group Public Company Limited (VNG)?
Vanachai Group Public Company Limited reported trailing-twelve-month revenue of about 10.7B THB (latest available figure, as of Oct 3, 2026).
Does Vanachai Group Public Company Limited pay a dividend?
Vanachai Group Public Company Limited currently shows a dividend yield of about 2.56% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Vanachai Group Public Company Limited (VNG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vanachai Group Public Company Limited it is 0.8400 THB per share (as of Oct 3, 2026), against a price of 1.83 THB. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Vanachai Group Public Company Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, VNG trades above its calculated fair value: price 1.83 THB, fair value 0.8400 THB, a gap of about −54% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VNG?
No. The price is what the market pays today (1.83 THB); the fair value is what the company's own numbers justify (0.8400 THB). For Vanachai Group Public Company Limited the two are 0.9900 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Vanachai Group Public Company Limited worth?
The market values Vanachai Group Public Company Limited at about 3.2B THB (market capitalisation, as of Oct 3, 2026). Per share that is 1.83 THB; our models calculate a fair value of 0.8400 THB per share.
What do the bullish and bearish scenarios say about VNG?
Our models span a range for Vanachai Group Public Company Limited: cautious scenario 0.6800 THB, base 0.8400 THB, optimistic 1.66 THB per share (as of Oct 3, 2026, price 1.83 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of VNG?
The PEG ratio of Vanachai Group Public Company Limited is 0.24 (P/E divided by earnings growth, as of Oct 3, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Vanachai Group Public Company Limited (VNG)?
Balance-sheet figures for Vanachai Group Public Company Limited (as of Oct 3, 2026): return on equity −12.2%, debt of 0.66 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is VNG from its 52-week high?
Vanachai Group Public Company Limited trades at 1.83 THB, about 16% below its 52-week high of 2.18 THB and 9% above the low of 1.68 THB (as of Oct 12, 2026). Distance from the high says nothing about value: that is what the fair value of 0.8400 THB is for.
Which stocks are comparable to Vanachai Group Public Company Limited?
From the same area (Basic Materials) we also value Simpson Manufacturing Co, UFP Industries, Inc, Stella-Jones Inc, Boise Cascade Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Vanachai Group Public Company Limited stock attractive at the current price?
The data as of Oct 3, 2026: price 1.83 THB, calculated fair value 0.8400 THB (−54%), Quality Score 27/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VNG calculated?
We run Vanachai Group Public Company Limited through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.8400 THB, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.8 % above its aggregate fair value. Vanachai Group Public Company Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Vanachai Group Public Company Limited (VNG)?
The closing price on Oct 12, 2026 was 1.83 THB. Our model-based fair value is 0.8400 THB, about −54% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vanachai Group Public Company Limited right now?
The price sits above even our optimistic bull case (1.66 THB). The favourable scenario is already priced in. Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.6800 THB to 1.66 THB) leaves room in how you read the outcome.
Where does the earnings growth of Vanachai Group Public Company Limited (VNG) come from?
Earnings per share at Vanachai Group Public Company Limited grew −24.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.6 %, EBIT margin −11.6 %, tax rate −4.7 %, residual (interest, one-offs) −11.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Vanachai Group Public Company Limited

How large is the market capitalisation of Vanachai Group Public Company Limited (VNG)?
The market capitalisation of Vanachai Group Public Company Limited is 3.2B THB (≈ $94.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Vanachai Group Public Company Limited (VNG)?
The price-to-sales ratio of Vanachai Group Public Company Limited is 0.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Vanachai Group Public Company Limited (VNG)?
Earnings per share at Vanachai Group Public Company Limited are −0.4700 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Vanachai Group Public Company Limited (VNG)?
The dividend yield of Vanachai Group Public Company Limited is 2.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Vanachai Group Public Company Limited (VNG)?
The net margin of Vanachai Group Public Company Limited is −5.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Vanachai Group Public Company Limited (VNG)?
The return on equity (ROE) of Vanachai Group Public Company Limited is −12.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Vanachai Group Public Company Limited (VNG)?
On an EBIT basis the return on assets of Vanachai Group Public Company Limited is 3.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Vanachai Group Public Company Limited (VNG)?
The operating margin of Vanachai Group Public Company Limited is −7.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vanachai Group Public Company Limited (VNG)?
Revenue at Vanachai Group Public Company Limited is growing −18.1% versus a year earlier (3y avg −4.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Vanachai Group Public Company Limited (VNG)?
Earnings per share at Vanachai Group Public Company Limited are growing +80.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Vanachai Group Public Company Limited (VNG) generate?
The free cash flow of Vanachai Group Public Company Limited is −1.7B THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Vanachai Group Public Company Limited (VNG) carry?
The net debt of Vanachai Group Public Company Limited is 9.6B THB (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Vanachai Group Public Company Limited in the live analysis

One click puts Vanachai Group Public Company Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.