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WIIK Public Company (WIIK) Fair Value & Analysis

Industrials · TH · Market cap 955M THB

WP WIIK Public Company WIIK · BK
Price1.11 THB
Fair Value1.44 THB
Upside+29.7%
Quality66/100
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Weak Growth
Thin margins · 6.0% net margin
Low debt · generates free cash flow
4.66% dividend yield
Ranks above peers (13/15)
Narrow moat 39/100
Evidence: High Range 1.08 THB – 1.86 THB Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 1.77 THB to 1.44 THB (−18.6%) since Jun 24, 2026. Share price −5.1% over the past month.

A solid business, screening 30% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 1.08 THB (bear) to 1.86 THB (bull), base 1.44 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 66/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

2.33 THB 0.7547 THB Fair Value 1.44 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.7547 THB – 2.33 THB · fair‑value band 1.08 THB – 1.86 THB · the 1.11 THB price screens below the 1.44 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

WIIK Public Company (WIIK) currently trades at 1.11 THB, while our model-based Fair Value estimate is 1.44 THB, implying the stock looks roughly 29.7% undervalued today. The Quality Score stands at 66/100 (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, WIIK Public Company generated revenue of 1.4B THB at a net margin of 6.0%. Revenue grew 11.3% year over year. It earns a return on equity of 4.1%. Net debt stands at 202M THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 1.08 THB (bear case) to 1.86 THB (bull case); at 1.11 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 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at 30%, WIIK 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 2.56 THB 3.27 THB 4.10 THB 80
Residual Income 1.76 THB 1.69 THB 1.36 THB 76
Rev-Margin DCF 1.59 THB 2.07 THB 2.61 THB 74
All 24 models by family
DCF Models
FCF DCF 2.51 THB 3.27 THB 4.21 THB 38
Owner Earnings 1.47 THB 1.90 THB 2.44 THB 31
5Y Revenue Exit 1.59 THB 2.02 THB 2.53 THB 39
5Y EBITDA Exit 2.22 THB 3.13 THB 4.12 THB 41
5Y P/E Exit 1.77 THB 2.34 THB 2.89 THB 38
10Y Revenue Exit 1.94 THB 2.37 THB 2.85 THB 36
10Y EBITDA Exit 2.32 THB 3.05 THB 3.89 THB 37
10Y P/E Exit 2.07 THB 2.57 THB 3.09 THB 35
Earnings-Based
Graham-Dodd 0.5700 THB 1.19 THB 1.50 THB 54
EPV 0.6900 THB 0.7800 THB 0.8500 THB 59
Dividend Discount
Gordon GGM 0.3100 THB 0.4300 THB 0.5400 THB 70
DDM Multi-Stage 0.3100 THB 0.4200 THB 0.5200 THB 61
Multiples
P/E Multiple 1.33 THB 1.77 THB 2.22 THB 63
P/S Multiple 1.08 THB 1.44 THB 1.80 THB 58
P/B Multiple 1.08 THB 1.44 THB 1.80 THB 55
EV/EBIT 1.34 THB 1.76 THB 2.18 THB 53
EV/EBITDA 2.30 THB 3.04 THB 3.79 THB 54
EV/Revenue 0.9800 THB 1.36 THB 1.75 THB 43
Asset-Based
NCAV (Graham) 1.28 THB 1.71 THB 2.56 THB 50
Growth DCF
Growth DCF 2.56 THB 3.27 THB 4.10 THB 80
Rev-Margin DCF 1.59 THB 2.07 THB 2.61 THB 74
Economic Profit
Residual Income 1.76 THB 1.69 THB 1.36 THB 76
ROIC Compounder 0.6900 THB 0.7800 THB 0.8500 THB 72
Growth Earnings
Growth-Adj P/E 0.9700 THB 1.39 THB 1.81 THB 68

Widest divergence: DCF Models (2.37 THB) versus Dividend Discount (0.4200 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.4B THB
Revenue growth (YoY) +11.3%
Net margin 6.0%
Return on equity 4.1%
Free cash flow 235M THB FY2025
P/E ratio 9.4
More key figures
Operating margin 11.2%
EPS (TTM) 0.1000 THB
Dividend yield 5.8%
EPS growth (YoY) +85.8%
Net debt 202M THB FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 81

Profitability 27
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 82
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

WIIK Public Company Limited, together with its subsidiaries, engages in the manufacturing and distribution of pipes and related fitting products in Thailand.

Full company description

WIIK Public Company Limited, together with its subsidiaries, engages in the manufacturing and distribution of pipes and related fitting products in Thailand. The company offers high density polyethylene pipes and fittings, including W-HQ pipes and fittings, W-HQ conduit pipes and fittings, W-EQ pipes, W-EP pipes, Weholite pipes and fittings, WehoManholes, and WehoTanks, as well as WIIK real-time data logger. It also provides low density polyethylene, polypropylene, polybutylene, and Weholite spiro pipes, as well as polypropylene pipes and fittings; polyvinyl chloride products, such as PVC pipes for water supply, PVC yellow conduit pipes and fittings, and white PVC pipes for conduits; and green PP-R pipes for plumbing cold/hot water. In addition, the company offers project services comprising butt fusion, hand extrusion, and electrofusion welding services, as well as site hydrostatic pressure test services; and testing analysis services, which include plastic material, thermoplastic pipe, drinking water HDPE pipe testing, and smooth external surface polyethylene structured-wall pipe for underground testing services. Further, it is involved in pipe installation services and water management; water production with ultra filtration and reverse osmosis systems; water distribution and supply system; and design construction and operation of water supply system. The company was formerly known as Wiik & Hoeglund Public Company Limited and changed its name to WIIK Public Company Limited in December 2019. WIIK Public Company Limited was founded in 1983 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WIIK Public Company reported revenue of 1.4B THB in FY2025 versus 1.3B THB in FY2021, a compound +1.7%/yr. Reported net income was 70.8M THB in FY2025, compounding −6.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.4B THB
Latest YoY
+3.3%
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.
−3.0%
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.
−3.2%
Avg. growth/yr (25Y) 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.
+2.7%
Revenue +1.7%/yr
FY21 1.3B THB
FY22 1.5B THB
FY23 1.3B THB
FY24 1.3B THB
FY25 1.4B THB
Net income −6.2%/yr
FY21 91.4M THB
FY22 95.1M THB
FY23 49.2M THB
FY24 43.4M THB
FY25 70.8M THB
Character of growth · EPS growth decomposed (2015-2025) −15.8 % p.a.
Revenue per share −7.4 pp

of which total revenue +1.5 pp · buybacks/dilution −8.9 pp

EBIT margin −6.7 pp
Tax rate −2.7 pp
Residual (interest, one-offs) +0.9 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). "WIIK Public Company Fair Value". https://www.fairvalue-calculator.com/stock/WIIK

Peer Group

Building Products & Equipment · 247 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 66 · Top 25%
Fair Value upside +30% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 4.7% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 11.4× · Cheaper than 75% of peers
P/B 0.45× · Cheaper than 75% of peers
P/S (TTM) 0.67× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 4.2× · Cheaper than 75% of peers
PEG 0.28× · Cheaper 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 73 · sector 3
FUTURE 57 · sector 9
PAST 16 · sector 23
HEALTH 98 · sector 94
DIVIDEND 93 · sector 28

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

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Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is WIIK Public Company (WIIK) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 1.44 THB versus a price of 1.11 THB, about +30% (undervalued).
What is the fair value of WIIK?
Our model-based fair value for WIIK Public Company is 1.44 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 1.11 THB.
What is the quality score of WIIK?
WIIK Public Company has a Quality Score of 66/100. 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 WIIK Public Company (WIIK)?
WIIK Public Company reported trailing-twelve-month revenue of about 1.4B THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of WIIK?
The net profit margin of WIIK Public Company is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.
Does WIIK Public Company pay a dividend?
WIIK Public Company currently shows a dividend yield of about 5.79% relative to its recent price (as of Jul 18, 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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