Thai Beverage Public Company Limited (Y92) fair value: what the stock is really worth
We calculate from audited financials what Thai Beverage Public Company Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
A solid business, trading 36% below our fair value of 0.7000 SGD.
As of Aug 28, 2026, the fair value of Thai Beverage Public Company Limited is 0.7000 SGD per share against a price of 0.4500 SGD, so the fair value sits 56% above the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Aug 28, 2026
From 24 valuation models · updated 12 days ago
Share price −3.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (0.3700 SGD to 1.02 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- 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 (60/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
60‑month range 0.3050 SGD – 0.5997 SGD · fair‑value band 0.3700 SGD – 1.02 SGD · the 0.4500 SGD price screens below the 0.7000 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.
Analysis
Thai Beverage Public Company Limited (Y92) currently trades at 0.4500 SGD, while our model-based Fair Value estimate is 0.7000 SGD, implying the stock looks roughly 35.7% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth Earnings group reads highest at a median of 0.7890 SGD per share, and 18 of the 24 models we run sit above the 0.4500 SGD price. Bear case: the Asset-Based group reads lowest at 0.1605 SGD, and 6 of the 24 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Thai Beverage Public Company Limited generated revenue of 330B THB at a net margin of 7.5%. Revenue grew 1.0% year over year. It earns a return on equity of 14.3%. Net debt stands at 185B THB. Fundamentals as of Aug 28, 2026
Scenario range: 0.3700 SGD (bear) to 1.02 SGD (bull), the price of 0.4500 SGD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 5% below its 52-week high and 48% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −4% fair-value upside, at 56%, Y92 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 11 months old). Earnings retained since then (0.0141 SGD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 24 models by family
Widest divergence: Growth Earnings (0.7890 SGD) versus Asset-Based (0.1605 SGD). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 51
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
Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally. It operates through Spirits, Beer, Non-Alcoholic Beverages, Food, and Others segments.
Full company description
Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally. It operates through Spirits, Beer, Non-Alcoholic Beverages, Food, and Others segments. The company offers beer; malt and yeast; spirits; mineral, drinking, and soda water; coffee, energy drinks, tea, fruit flavored drinks, and dairy products; canned food; ice cream; rice cakes/cubes, cooking needs, instant dessert powders, pre-mix beverages, and bread spreads; and soft drinks, electrolyte drinks, isotonic, milk, soya, juices, and confectioneries. It also provides chilled and frozen food; beer concentrates; mechanical equipment; bricks and oak barrels; biogas; transportation by car; franchising; plastic packaging; investment and asset management; accounting; human resources and organization development; advertising and marketing; logistics; recycling; warehousing and storage; printing; education training; general and brands management; marketing management consulting; marketing research; treasury and financial; consultancy; public cold storage; machine repair; technical application; and digital and technology services. In addition, the company is involved in the publishing of trade directory, business information, education, library reference, and trade books; trading of molasses, fertilizers, feeds, bottles, procurement and supplies; production of plastic packaging; property investment, development, management, and rental; manufacture and installation of food manufacturing equipment; wholesale and retail of food, beverage, and tobacco; and operation of japanese restaurants, bakeries, and vending machines. Further, it engages in trademark holding; e-commerce; book and magazine distribution; and retail of books, stationery, magazines, and periodicals. Thai Beverage Public Company Limited was incorporated in 2003 and is based in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Thai Beverage Public Company Limited reported revenue of 333B THB in FY2025 versus 241B THB in FY2021, a compound +8.5%/yr. Reported net income was 25.4B THB in FY2025, compounding +0.7%/yr from FY2021.
of which total revenue +6.1 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- ThaiBev Weighs Sale of Thailand's Largest KFC Franchise With 500+ Restaurants
- Four Days Left To Buy Thai Beverage Public Company Limited (SGX:Y92) Before The Ex-Dividend Date
- Thai Beverage Public Company Limited (SGX:Y92) Just Released Its Interim Results And Analysts Are Updating Their Estimates
- Beer regains fizz at Chang owner ThaiBev
Peer Group
Beverages - Wineries & Distilleries · 95 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 Beverages - Wineries & Distilleries median · lower = cheaper
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Thai Beverage Public Company Limited deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
Context: sector, industry, market
- Is the Consumer Staples sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Valuation of the Singapore market
Strength profile in five axes (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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Kweichow Moutai Co 600519 | ¥1,303 | ¥1,238 | −5% |
| Diageo plc DEO | $89.19 | $73.29 | −18% |
| Wuliangye Yibin Co 000858 | ¥71.89 | ¥48.44 | −33% |
| Shanxi Xinghuacun Fen Wine Factory Co 600809 | ¥116.39 | ¥185.80 | +60% |
| Pernod Ricard SA RI | €61.76 | €76.13 | +23% |
| Luzhou Laojiao Co 000568 | ¥84.50 | ¥149.17 | +77% |
| Brown-Forman Corporation BFA | $28.72 | $27.69 | −4% |
| United Spirits Limited UNITDSPR | ₹1,528 | ₹285.39 | −81% |
| Jiangsu Yanghe Distillery Co 002304 | ¥39.59 | ¥27.82 | −30% |
| Anhui Gujing Distillery Co 000596 | ¥93.90 | ¥141.00 | +50% |
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