EN DE

Wice Logistics Public Company (WICE) Fair Value & Analysis

Industrials · TH · Market cap 1.9B THB

WL Wice Logistics Public Company WICE · BK
Price3.58 THB
Fair Value3.24 THB
Upside-9.5%
Quality67/100
Watch Wice Logistics Public Company for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 1.7% net margin
Low debt · generates free cash flow
4.86% dividend yield
Mixed vs. peers (6/14)
Narrow moat 30/100
Evidence: Medium Range 2.43 THB – 4.05 THB Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from 4.00 THB to 3.24 THB (−19.0%) since Jun 24, 2026. Share price +18.5% over the past month.

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.
  • Our model range runs from 2.43 THB (bear) to 4.05 THB (bull), base 3.24 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 67/100 (solid quality) with medium evidence: read the verdict with care.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

19.84 THB 2.12 THB Fair Value 3.24 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 2.12 THB – 19.84 THB · fair‑value band 2.43 THB – 4.05 THB · the 3.58 THB price screens above the 3.24 THB fair value. Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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

Analysis

Wice Logistics Public Company (WICE) currently trades at 3.58 THB, while our model-based Fair Value estimate is 3.24 THB, implying the stock looks roughly 9.5% fairly valued today. The Quality Score stands at 67/100 (solid 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: medium).

Over the trailing twelve months, Wice Logistics Public Company generated revenue of 4.9B THB at a net margin of 1.7%. Revenue grew 23.7% year over year. It earns a return on equity of 4.9%. Net debt stands at 75.5M THB. Fundamentals as of Jul 14, 2026

Our scenario range runs from 2.43 THB (bear case) to 4.05 THB (bull case); at 3.58 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 near its 52-week high and 72% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at -10%, WICE 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.

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 4.99 THB 8.56 THB 13.49 THB 80
Residual Income 1.73 THB 1.85 THB 2.03 THB 76
Rev-Margin DCF 3.08 THB 4.59 THB 6.68 THB 74
All 26 models by family
DCF Models
FCF DCF 5.14 THB 8.41 THB 15.81 THB 38
Owner Earnings 5.08 THB 9.00 THB 15.64 THB 31
5Y Revenue Exit 3.08 THB 4.58 THB 6.59 THB 39
5Y EBITDA Exit 4.66 THB 8.09 THB 12.57 THB 41
5Y P/E Exit 3.97 THB 6.57 THB 9.66 THB 38
10Y Revenue Exit 3.74 THB 5.45 THB 8.05 THB 36
10Y EBITDA Exit 4.77 THB 7.89 THB 12.96 THB 37
10Y P/E Exit 4.34 THB 6.83 THB 10.57 THB 35
Earnings-Based
Graham-Dodd 1.30 THB 7.55 THB 10.51 THB 54
Lynch FV 2.14 THB 3.05 THB 3.97 THB 50
PEG = 1.0 2.14 THB 3.05 THB 3.97 THB 46
EPV 1.67 THB 1.82 THB 1.95 THB 59
Dividend Discount
Gordon GGM 1.12 THB 2.02 THB 2.78 THB 70
DDM Multi-Stage 1.12 THB 1.84 THB 2.16 THB 61
Multiples
P/E Multiple 3.00 THB 4.00 THB 5.00 THB 63
P/S Multiple 2.43 THB 3.24 THB 4.05 THB 58
P/B Multiple 2.43 THB 3.24 THB 4.05 THB 55
EV/EBIT 2.53 THB 3.20 THB 3.87 THB 53
EV/EBITDA 4.67 THB 6.04 THB 7.42 THB 54
EV/Revenue 1.96 THB 2.57 THB 3.18 THB 43
Asset-Based
NCAV (Graham) 1.06 THB 1.43 THB 2.13 THB 50
Growth DCF
Growth DCF 4.99 THB 8.56 THB 13.49 THB 80
Rev-Margin DCF 3.08 THB 4.59 THB 6.68 THB 74
Economic Profit
Residual Income 1.73 THB 1.85 THB 2.03 THB 76
ROIC Compounder 1.67 THB 1.82 THB 1.95 THB 72
Growth Earnings
Growth-Adj P/E 3.15 THB 4.49 THB 5.84 THB 68

Widest divergence: DCF Models (6.83 THB) versus Asset-Based (1.43 THB). Highest evidence: Growth DCF (80).

Notify me when WICE reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 4.9B THB
Revenue growth (YoY) +23.7%
Net margin 1.7%
Return on equity 4.9%
Free cash flow 254M THB FY2025
P/E ratio 20.0
More key figures
Operating margin 1.5%
EPS (TTM) 0.1300 THB
Dividend yield 5.6%
EPS growth (YoY) -65.9%
Net debt 75.5M THB FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 67 · Market factors (momentum, volatility) 72

Profitability 48
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 85
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

Wice Logistics Public Company Limited, together with its subsidiaries, engages in freight forwarding business in Thailand and internationally. It operates through four segments: Sea Freight, Air Freight, Cross-Border Service, and Supply Chain Solution.

Full company description

Wice Logistics Public Company Limited, together with its subsidiaries, engages in freight forwarding business in Thailand and internationally. It operates through four segments: Sea Freight, Air Freight, Cross-Border Service, and Supply Chain Solution. The company offers sea freight services, including full and less than container loads; air freight services, such as door-to-door delivery, hand carrier, and customized logistic solutions; and internal transportation services using trailer trucks, dump trucks, lorries, and minivans, as well as cross-border and inland transportation services. It also provides distribution and logistics solutions comprising multi-user warehouses, dedicated warehouses, and warehouse management, as well as logistics services. The company was formerly known as Wice Freight Services (Thailand) Company Limited and changed its name to Wice Logistics Public Company Limited in April 2015. Wice Logistics Public Company Limited was founded in 1993 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wice Logistics Public Company reported revenue of 4.7B THB in FY2025 versus 7.6B THB in FY2021, a compound −11.6%/yr. Reported net income was 122M THB in FY2025, compounding −30.9%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.7B THB
Latest YoY
+13.6%
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.
−13.1%
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.
+3.1%
Avg. growth/yr (13Y) 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.
+16.5%
Revenue −11.6%/yr
FY21 7.6B THB
FY22 7.1B THB
FY23 3.8B THB
FY24 4.1B THB
FY25 4.7B THB
Net income −30.9%/yr
FY21 536M THB
FY22 554M THB
FY23 170M THB
FY24 97.7M THB
FY25 122M THB
Character of growth · EPS growth decomposed (2014-2025) +5.0 % p.a.
Revenue per share +17.3 pp

of which total revenue +20.3 pp · buybacks/dilution −3.0 pp

EBIT margin −11.0 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −1.2 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).

Watch WICE: get an alert when its fair value changes →

Share or link this analysis
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.

Cite: Fair Value Calculator (2026). "Wice Logistics Public Company Fair Value". https://www.fairvalue-calculator.com/stock/WICE

Peer Group

Integrated Freight & Logistics · 218 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 67 · Top 25%
Fair Value upside −10% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 24% · Top 25%
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 23.2× · Pricier than median
P/B 1.42× · Pricier than median
P/S (TTM) 0.39× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 13.8× · 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 21 · sector 46
FUTURE 100 · sector 8
PAST 20 · sector 26
HEALTH 98 · sector 94
DIVIDEND 97 · sector 56

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

Compare Wice Logistics Public Company with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

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

Frequently asked questions

Is Wice Logistics Public Company (WICE) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 3.24 THB versus a price of 3.58 THB, about −10% (fairly valued).
What is the fair value of WICE?
Our model-based fair value for Wice Logistics Public Company is 3.24 THB (as of Jul 14, 2026), built from audited fundamentals. The current price is 3.58 THB.
What is the quality score of WICE?
Wice Logistics Public Company has a Quality Score of 67/100. 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 Wice Logistics Public Company (WICE)?
Wice Logistics Public Company reported trailing-twelve-month revenue of about 4.9B THB (latest available figure, as of Jul 14, 2026).
What is the net profit margin of WICE?
The net profit margin of Wice Logistics Public Company is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.
Does Wice Logistics Public Company pay a dividend?
Wice Logistics Public Company currently shows a dividend yield of about 5.60% relative to its recent price (as of Jul 14, 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.

14 days Pro free · no card

Track Wice Logistics Public Company and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.