World Flex PCL (WFX) Fair Value & Analysis
Consumer Cyclical · TH · Market cap 450M THB (≈ $13.6M)
Strengths
Risks
Fair value as of: Aug 14, 2026
From 11 valuation models · updated 15 days ago
Share price +2.0% over the past month.
A solid business, but trading 19% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (0.5300 THB to 1.15 THB) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.
How to read this chart
56‑month range 0.6600 THB – 8.61 THB · fair‑value band 0.5300 THB – 1.15 THB · the 1.00 THB price screens above the 0.8400 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.
Analysis
World Flex PCL (WFX) currently trades at 1.00 THB, while our model-based Fair Value estimate is 0.8400 THB, implying the stock looks roughly 16.0% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical 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: medium).
Over the trailing twelve months, World Flex PCL generated revenue of 2.1B THB at a net margin of -3.5%. Revenue declined 14.5% year over year. It earns a return on equity of -4.1%. Net debt stands at 191M THB. Fundamentals as of Aug 14, 2026
Our scenario range runs from 0.5300 THB (bear case) to 1.15 THB (bull case); at 1.00 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 28% below its 52-week high and 104% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -26% fair-value upside, at -16%, WFX 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 11 models by family
Widest divergence: Growth DCF (3.13 THB) versus Multiples (1.22 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 58
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
World Flex Public Company Limited manufactures and sells latex thread products in Thailand. The company provides rubber threads coated with talcum and polymer.
Full company description
World Flex Public Company Limited manufactures and sells latex thread products in Thailand. The company provides rubber threads coated with talcum and polymer. Its products are used in various applications, such as sock tops, pantyhose tops, orthopedic knit sockings, hosiery, light ribbons, alimentary and medical nettings, loom fabrics and warps, woofs, raschel fabrics, braids, laces, cords, and belts for furniture. The company offers its products under the WFX, THAITEX, QUALIFLEX, CHANG THAI, PEGASUS RED, PEGASUS BLUE, and LT RUBBER brands. It also operates in the People's Republic of China, the rest of Asia, Europe, South America, Africa, and North America. The company was founded in 1991 and is headquartered in Bangkok, Thailand. World Flex Public Company Limited operates as a subsidiary of Thai Rubber Latex Group Public Company Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
World Flex PCL reported revenue of 2.1B THB in FY2025 versus 3.8B THB in FY2021, a compound −13.2%/yr. Reported net income was −87.0M THB in FY2025.
WFX screens 16% overvalued. Compare with Shenzhou International Group →
Peer Group
Textile Manufacturing · 341 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.
Insider activity: 45/100
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 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shenzhou International Group 2313 | HK$37.94 | HK$68.35 | +80% |
| Tongkun Group 601233 | ¥22.67 | ¥14.53 | -36% |
| Inner Mongolia ERDOS Resources Co 600295 | ¥12.95 | ¥14.35 | +11% |
| Far Eastern New Century Corporation 1402 | 28.55 TWD | 25.64 TWD | -10% |
| K.P.R. Mill Limited KPRMILL | ₹1,124 | ₹467.49 | -58% |
| HMT (Xiamen) New Technical Materials Co 603306 | ¥71.55 | ¥11.85 | -83% |
| Zhejiang Orient Holdings 600120 | ¥4.89 | ¥2.21 | -55% |
| Vardhman Textiles Limited VTL | ₹591.90 | ₹437.53 | -26% |
| Albany International Corp AIN | $59.92 | $18.40 | -69% |
| Isiklar Enerji ve Yapi Holding IEYHO | 174.20 TRY | 324.31 TRY | +86% |
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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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