Ziga Innovation Public Company (ZIGA) Fair Value & Analysis
Basic Materials · TH · Market cap 649M THB
Fair value as of: Jul 18, 2026
From 22 valuation models · updated 23 days ago
Fair value updated Jul 18, 2026, revised from 0.4000 THB to 0.6207 THB (+55.2%) since Jun 24, 2026. Share price −6.7% over the past month.
A solid business, but screening 26% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.7759 THB). The favourable scenario is already priced in.
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 0.7800 THB – 19.50 THB · fair‑value band 0.4655 THB – 0.7759 THB · the 0.8400 THB price screens above the 0.6207 THB fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Ziga Innovation Public Company (ZIGA) currently trades at 0.8400 THB, while our model-based Fair Value estimate is 0.6207 THB, implying the stock looks roughly 26.1% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials 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: high).
Over the trailing twelve months, Ziga Innovation Public Company generated revenue of 547M THB at a net margin of 2.3%. Revenue grew 10.2% year over year. It earns a return on equity of 1.5%. Net debt stands at 111M THB. Fundamentals as of Jul 18, 2026
Our scenario range runs from 0.4655 THB (bear case) to 0.7759 THB (bull case); at 0.8400 THB, the current price sits above 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 41% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -26%, ZIGA screens richer 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 22 models by family
Widest divergence: Asset-Based (0.7500 THB) versus Earnings-Based (0.2000 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 37
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
Ziga Innovation Public Company Limited, together with its subsidiaries, engages in the manufacturing and trading of steel conduits for electrical wiring systems in Thailand.
Full company description
Ziga Innovation Public Company Limited, together with its subsidiaries, engages in the manufacturing and trading of steel conduits for electrical wiring systems in Thailand. It also provides steel piping's for construction and real estate businesses, as well as DAIWA electrical conduits, DAIWA super, Zuper Ziga, Ziga structural pipes, and High Micron galvanized steel pipes. In addition, it is involved in the cryptocurrency business. The company was formerly known as Daiwa Industry Company Limited and changed its name to Ziga Innovation Public Company Limited in February 2016. Ziga Innovation Public Company Limited was incorporated in 1998 and is headquartered in Samut Prakan, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ziga Innovation Public Company reported revenue of 533M THB in FY2025 versus 1.1B THB in FY2021, a compound −17.4%/yr. Reported net income was 17.5M THB in FY2025, compounding −45.9%/yr from FY2021.
of which total revenue −1.0 pp · buybacks/dilution −8.7 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).
ZIGA screens 26% overvalued. Compare with Tata Steel Limited →
Peer Group
Steel · 379 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 Steel 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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2010 | $0.2000 | -0% |
| JSW Steel Limited JSWSTEEL | ₹1,227 | ₹1,140 | -7% |
| Baoshan Iron & Steel Co 600019 | ¥5.89 | ¥8.07 | +37% |
| China Steel Corporation 2002A | 38.55 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 313,500 KRW | 155,270 KRW | -50% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,940 ARS | +17% |
| Jindal Steel Limited JINDALSTEL | ₹1,028 | ₹545.12 | -47% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,844 | ₹1,098 | -40% |
| Gerdau S.A GGBN | 83.50 MXN | 42.64 MXN | -49% |
| Ternium S.A TXR | 17,780 ARS | 27,210 ARS | +53% |
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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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