Warrix Sport PCL (WARRIX) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Warrix Sport PCL stock THB 1.52, price THB 0.99, upside +53.5%, quality 58 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
47‑month range 0.9800 THB – 10.12 THB · fair‑value band 1.48 THB – 1.59 THB · the 0.9900 THB price screens below the 1.52 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Warrix Sport Public Company Limited manufactures and sells uniform, clothing, and sport equipment for men, women, and children in Thailand and internationally. It operates in three segments: Credit Selling, Online Selling, and Others.
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The company offers school/university shirt and foot club shirts; shirts, pants, shoes, socks, bags, and hats; training and gym, football, futsal, run, golf, and basketball attire; backpack, sandals, warm-up suit, tight dress, and pajamas; and accessories and equipment, such as arm sleeves, ball, cap, mask, souvenirs, scarf, shin guards, sprays, and wristband.
It also provides tanks, shorts, leggings, visors, jackets, sweaters, sleepwear, and skirts; balls, armbands, yoga blocks, masks, and face shields; training cables and support bra; and running shoes under the Asics and On brands.
In addition, the company offers polo shirt, t-shirt, sports jersey, jackets and hoodies, compression suit, shorts, trousers, sweatpants, and underwear; and bakery, bird fanfest, jeans, bunka, comba cool tee, and combat kits.
Further, it engages in the retail shop selling, product display segment, and physical therapy clinic business, as well as sale of apparel, clothing, and sports equipment. It offers its products through various distribution channels and online store.
Warrix Sport Public Company Limited was incorporated in 2013 and is headquartered in Bangkok, Thailand.
Stock analysis
Warrix Sport PCL (WARRIX) currently trades at 0.9900 THB, while our model-based Fair Value estimate is 1.52 THB, implying the stock looks roughly 35% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 3.30 THB per share, and 19 of the 26 models we run sit above the 0.9900 THB price.
Bear case: the Earnings-Based group reads lowest at 0.8500 THB, and 7 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.48 THB (bear) to 1.59 THB (bull), the price of 0.9900 THB sits below 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 58/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Warrix Sport PCL reported revenue of 1.7B THB in FY2025 versus 648M THB in FY2021, a compound +27.3%/yr. Reported net income was 27.4M THB in FY2025, compounding +17.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 583M THB (≈ $17.4M) Micro · P/S ratio 0.31 · EPS (TTM) −0.0500 THB · Dividend yield 5.7% · Net margin −1.3% · Return on equity −1.8% · Return on assets (EBIT) 7.1% (5-year average) · Operating margin −8.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 54%, WARRIX screens cheaper than that median.
Fair Value models
Bear1.48 THBFair Value 1.52 THBBull1.59 THB
Price 0.9900 THB · Upside +53.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.
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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.5%
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.
+17.0%
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.
+21.3%
Start year 2020 (pandemic)
Revenue growth 7 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.
+13.3%
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What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−42.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−48.6%
Dividend (yield on the price)5.7%
Profit margin 2020 to 2025 ⓘ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.5% → 2%
⚠ Revenue per share shrinking 48.0%/yr over ~5Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−14.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −15.5% a year for the price.
Price, fair value, quality and upside side by side.
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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.Leisure · 169 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+52.0% · Top 25%
Profitability
Return on assets1.4% · Below median
Net margin (12 months)−1.3% · Below median
Operating margin (12 months)−8.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)37.7% · Top 25%
Dividend yield (12 months)5.7% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Leisure median · lower = cheaper
P/B0.43× · Cheapest 25%
P/S (12 months)0.32× · Cheapest 25%
Price / free cash flow (fiscal year)9.0× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Warrix Sport PCL Fair Value". https://www.fairvalue-calculator.com/stock/WARRIX
Frequently asked questions
Is Warrix Sport PCL (WARRIX) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 1.52 THB versus a price of 0.9900 THB, about +54% upside (undervalued).
What is the fair value of WARRIX?
Our model-based fair value for Warrix Sport PCL is 1.52 THB (as of Nov 5, 2026), built from audited fundamentals. The current price: 0.9900 THB.
What is the quality score of WARRIX?
Warrix Sport PCL has a Quality Score of 58/100. 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 Warrix Sport PCL (WARRIX)?
Our model-based price target is the fair value of 1.52 THB (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 1.48 THB, optimistic scenario 1.59 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Warrix Sport PCL stock forecast for 2026?
Our models put fair value at 1.52 THB, about +54% upside versus a price of 0.9900 THB (undervalued). Cautious scenario 1.48 THB, optimistic scenario 1.59 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Warrix Sport PCL (WARRIX)?
Warrix Sport PCL reported trailing-twelve-month revenue of about 1.9B THB (latest available figure, as of Nov 5, 2026).
Does Warrix Sport PCL pay a dividend?
Warrix Sport PCL currently shows a dividend yield of 5.66% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Warrix Sport PCL (WARRIX) and when is the ex-dividend date?
Warrix Sport PCL pays a dividend of 0.056 THB per share a year, a dividend yield of 5.7%. The last ex-dividend date was Mar 17, 2026. The payout ratio is 120% of earnings. Free cash flow covers the dividend 1.98 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Warrix Sport PCL (WARRIX)?
For today's price to be fair in a discounted-cash-flow model, Warrix Sport PCL would have to grow free cash flow by -14.5 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.3 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of WARRIX use?
Our models discount Warrix Sport PCL at 10.1 %: a base by market capitalisation (nano), damped by beta 0.33, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Warrix Sport PCL that is -14.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Warrix Sport PCL (WARRIX) delivered so far?
Over the past 5 years revenue at Warrix Sport PCL grew +21.3 % a year. The price currently implies free-cash-flow growth of -14.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Warrix Sport PCL (WARRIX) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Warrix Sport PCL (-14.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Warrix Sport PCL (WARRIX)?
The free-cash-flow yield on the price is 11.18 %: that much free cash flow Warrix Sport PCL produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Warrix Sport PCL (WARRIX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Warrix Sport PCL it is 1.52 THB per share (as of Nov 5, 2026), against a price of 0.9900 THB. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Warrix Sport PCL stock overvalued or undervalued in 2026?
As of Nov 5, 2026, WARRIX trades below its calculated fair value: price 0.9900 THB, fair value 1.52 THB, a gap of about +54% (undervalued). 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 WARRIX?
No. The price is what the market pays today (0.9900 THB); the fair value is what the company's own numbers justify (1.52 THB). For Warrix Sport PCL the two are 0.5300 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Warrix Sport PCL worth?
The market values Warrix Sport PCL at about 583M THB (market capitalisation, as of Nov 5, 2026). Per share that is 0.9900 THB; our models calculate a fair value of 1.52 THB per share.
What do the bullish and bearish scenarios say about WARRIX?
Our models span a range for Warrix Sport PCL: cautious scenario 1.48 THB, base 1.52 THB, optimistic 1.59 THB per share (as of Nov 5, 2026, price 0.9900 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Warrix Sport PCL (WARRIX)?
Balance-sheet figures for Warrix Sport PCL (as of Nov 5, 2026): return on equity −1.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is WARRIX from its 52-week high?
Warrix Sport PCL trades at 0.9900 THB, about 50% below its 52-week high of 2.00 THB and 1% above the low of 0.9800 THB (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1.52 THB is for.
Which stocks are comparable to Warrix Sport PCL?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, Amer Sports, Inc, Hasbro, Inc, Life Time Group, 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 Warrix Sport PCL stock attractive at the current price?
The data as of Nov 5, 2026: price 0.9900 THB, calculated fair value 1.52 THB (+54%), Quality Score 58/100, from 26 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 WARRIX calculated?
We run Warrix Sport PCL through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1.52 THB builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Warrix Sport PCL currently trades 35% below its own fair value, and the market average says nothing about that. 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 Warrix Sport PCL (WARRIX)?
The closing price on Nov 9, 2026 was 0.9900 THB. Our model-based fair value is 1.52 THB, about +54% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Warrix Sport PCL right now?
The price is below even our cautious bear case (1.48 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (1.48 THB to 1.59 THB), unusually little disagreement for a valuation.
Key figures of Warrix Sport PCL
How large is the market capitalisation of Warrix Sport PCL (WARRIX)?
The market capitalisation of Warrix Sport PCL is 583M THB (≈ $17.4M). 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 Warrix Sport PCL (WARRIX)?
The price-to-sales ratio of Warrix Sport PCL is 0.31 (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 Warrix Sport PCL (WARRIX)?
Earnings per share at Warrix Sport PCL are −0.0500 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Warrix Sport PCL (WARRIX)?
The dividend yield of Warrix Sport PCL is 5.7%. 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 Warrix Sport PCL (WARRIX)?
The net margin of Warrix Sport PCL is −1.3% (last twelve months). 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 Warrix Sport PCL (WARRIX)?
The return on equity (ROE) of Warrix Sport PCL is −1.8% (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 Warrix Sport PCL (WARRIX)?
On an EBIT basis the return on assets of Warrix Sport PCL is 7.1% (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 Warrix Sport PCL (WARRIX)?
The operating margin of Warrix Sport PCL is −8.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Warrix Sport PCL (WARRIX)?
Revenue at Warrix Sport PCL is growing +37.7% versus a year earlier (3y avg +17.0%). 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 Warrix Sport PCL (WARRIX)?
Earnings per share at Warrix Sport PCL are growing −42.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Warrix Sport PCL (WARRIX) carry?
The net debt of Warrix Sport PCL is 116M THB (fiscal year 2025, ≈ 1.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 5, 2026