Yong Concrete PCL (YONG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Yong Concrete PCL THB 1.12, price THB 0.69, upside +62.3%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
50‑month range 0.6313 THB – 3.20 THB · fair‑value band 0.8465 THB – 1.12 THB · the 0.6900 THB price screens below the 1.12 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Yong Concrete Public Company Limited engages in the manufacture and distribution of concrete products in Thailand. The company operates through the Manufacture and Distribution of Concrete Products; Sale with Installation of Prefabricated Structures; and Transportation Service segments.
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Yong Concrete Public Company Limited engages in the manufacture and distribution of concrete products in Thailand. The company operates through the Manufacture and Distribution of Concrete Products; Sale with Installation of Prefabricated Structures; and Transportation Service segments. It offers precast concrete fence, precast concrete floor and wall systems, ready mix concrete, prefabricated concrete beams and column structure, prefabricated floor slabs, precast concrete bearing walls, prestressed concrete pipes, concrete electric poles, and concrete piles, which are used in housing projects. The company was founded in 1956 and is headquartered in Kanchanaburi, Thailand.
Stock analysis
Yong Concrete PCL (YONG) currently trades at 0.6900 THB, while our model-based Fair Value estimate is 1.12 THB, implying the stock looks roughly 38.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 1.44 THB per share, and 14 of the 24 models we run sit above the 0.6900 THB price.
Bear case: the Earnings-Based group reads lowest at 0.2800 THB, and 10 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.8465 THB (bear) to 1.12 THB (bull), the price of 0.6900 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 55/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Yong Concrete PCL reported revenue of 976M THB in FY2025 versus 870M THB in FY2021, a compound +2.9%/yr. Reported net income was 20.4M THB in FY2025, compounding −26.3%/yr from FY2021.
Key figures
Market cap 469M THB (≈ $14.1M) · P/E ratio 23.0 · P/S ratio 0.48 · EPS (TTM) 0.0300 THB · Dividend yield 4.3% · Net margin 2.1% · Return on equity 1.8% · Return on assets (EBIT) 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at 62%, YONG screens cheaper than that median.
Fair Value models
Bear 0.8465 THBFair Value 1.12 THBBull 1.12 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.8%
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.
−1.3%
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.
+4.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
+3.5%
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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.
−30.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−34.4%
Dividend (yield on the price)4.3%
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.9% → 3%
⚠ Revenue per share shrinking 18.8%/yr over ~6Y (margins eroding too) ⓘ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).
−17.0%
Yearly growth needed for the next five years to justify today's price.
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 −18.0% 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.Building Materials · 258 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+60% · Top 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−7% · Below median
Dividend yield (TTM)4.3% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
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Is Yong Concrete PCL (YONG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1.12 THB versus a price of 0.6900 THB, about +62% upside (undervalued).
What is the fair value of YONG?
Our model-based fair value for Yong Concrete PCL is 1.12 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.6900 THB.
What is the quality score of YONG?
Yong Concrete PCL has a Quality Score of 55/100. 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 Yong Concrete PCL (YONG)?
Our model-based price target is the fair value of 1.12 THB (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 0.8465 THB, optimistic scenario 1.12 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Yong Concrete PCL stock forecast for 2026?
Our models put fair value at 1.12 THB, about +62% upside versus a price of 0.6900 THB (undervalued). Cautious scenario 0.8465 THB, optimistic scenario 1.12 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Yong Concrete PCL (YONG)?
Yong Concrete PCL reported trailing-twelve-month revenue of about 959M THB (latest available figure, as of Sep 24, 2026).
Does Yong Concrete PCL pay a dividend?
Yong Concrete PCL currently shows a dividend yield of about 4.35% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Yong Concrete PCL (YONG)?
For today's price to be fair in a discounted-cash-flow model, Yong Concrete PCL would have to grow free cash flow by -17.0 % 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 +4.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of YONG use?
Our models discount Yong Concrete PCL at 10.1 %: a base by market capitalisation (nano), damped by beta 0.50, 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 Yong Concrete PCL that is -17.0 % per year a year over ten years, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Yong Concrete PCL (YONG) delivered so far?
Over the past 5 years revenue at Yong Concrete PCL grew +4.1 % a year. The price currently implies -17.0 % per year free-cash-flow growth a 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 Yong Concrete PCL (YONG) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Yong Concrete PCL (-17.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Yong Concrete PCL (YONG)?
The free-cash-flow yield on the price is 23.80 %: that much free cash flow Yong Concrete 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 Yong Concrete PCL (YONG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yong Concrete PCL it is 1.12 THB per share (as of Sep 24, 2026), against a price of 0.6900 THB. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Yong Concrete PCL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, YONG trades below its calculated fair value: price 0.6900 THB, fair value 1.12 THB, a gap of about +62% (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 YONG?
No. The price is what the market pays today (0.6900 THB); the fair value is what the company's own numbers justify (1.12 THB). For Yong Concrete PCL the two are 0.4300 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Yong Concrete PCL worth?
The market values Yong Concrete PCL at about 469M THB (market capitalisation, as of Sep 24, 2026). Per share that is 0.6900 THB; our models calculate a fair value of 1.12 THB per share.
What do the bullish and bearish scenarios say about YONG?
Our models span a range for Yong Concrete PCL: cautious scenario 0.8465 THB, base 1.12 THB, optimistic 1.12 THB per share (as of Sep 24, 2026, price 0.6900 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of YONG?
Yong Concrete PCL trades at a price-to-earnings ratio of 23.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.12 THB is built from several models across several years. Other multiples: P/B 0.5, P/S 0.5, EV/EBITDA 4.9.
How solid is the balance sheet of Yong Concrete PCL (YONG)?
Balance-sheet figures for Yong Concrete PCL (as of Sep 24, 2026): return on equity 1.8%, debt of 0.00 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is YONG from its 52-week high?
Yong Concrete PCL trades at 0.6900 THB, about 26% below its 52-week high of 0.9278 THB and 9% above the low of 0.6313 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 1.12 THB is for.
Which stocks are comparable to Yong Concrete PCL?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement Limited, 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 Yong Concrete PCL stock attractive at the current price?
The data as of Sep 24, 2026: price 0.6900 THB, calculated fair value 1.12 THB (+62%), Quality Score 55/100, from 24 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 YONG calculated?
We run Yong Concrete PCL through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1.12 THB, 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 13.2 % above its aggregate fair value. Yong Concrete PCL currently trades 62 % 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 Yong Concrete PCL (YONG)?
The closing price on Sep 24, 2026 was 0.6900 THB. Our model-based fair value is 1.12 THB, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yong Concrete PCL right now?
The price is below even our cautious bear case (0.8465 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 (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Yong Concrete PCL
How large is the market capitalisation of Yong Concrete PCL (YONG)?
The market capitalisation of Yong Concrete PCL is 469M THB (≈ $14.1M). 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 Yong Concrete PCL (YONG)?
The price-to-sales ratio of Yong Concrete PCL is 0.48 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Yong Concrete PCL (YONG)?
Earnings per share at Yong Concrete PCL are 0.0300 THB (price ÷ EPS = P/E 23.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Yong Concrete PCL (YONG)?
The dividend yield of Yong Concrete PCL is 4.3% (payout 100.0%). 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 Yong Concrete PCL (YONG)?
The net margin of Yong Concrete PCL is 2.1% (fiscal year 2025). 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 Yong Concrete PCL (YONG)?
The return on equity (ROE) of Yong Concrete 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 Yong Concrete PCL (YONG)?
On an EBIT basis the return on assets of Yong Concrete PCL is 8.2% (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 Yong Concrete PCL (YONG)?
The operating margin of Yong Concrete PCL is 3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yong Concrete PCL (YONG)?
Revenue at Yong Concrete PCL is growing −7.2% versus a year earlier (3y avg −1.3%). 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 Yong Concrete PCL (YONG)?
Earnings per share at Yong Concrete PCL are growing −54.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Yong Concrete PCL (YONG) carry?
The net debt of Yong Concrete PCL is 266M THB (fiscal year 2025, ≈ 2.4 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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