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Dynasty Ceramic Public Company (DCC) Fair Value & Analysis

Industrials · TH · Market cap 13.5B THB

DC Dynasty Ceramic Public Company DCC · BK
Price1.47 THB
Fair Value1.30 THB
Upside-11.6%
Quality59/100
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Weak Growth
Solidly profitable · 14.3% net margin
Low debt · generates free cash flow
4.70% dividend yield
Ranks above peers (12/15)
Moderate moat 57/100
Evidence: High Range 0.8900 THB – 1.71 THB Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from 1.49 THB to 1.30 THB (−12.8%) since Jul 16, 2026. Share price −1.3% over the past month.

A solid business, but screening 12% overvalued on our models.

What matters now

  • A fairly wide model range (0.8900 THB to 1.71 THB) leaves room in how you read the outcome.
  • Our model range runs from 0.8900 THB (bear) to 1.71 THB (bull), base 1.30 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

2.66 THB 1.12 THB Fair Value 1.30 THB Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 1.12 THB – 2.66 THB · fair‑value band 0.8900 THB – 1.71 THB · the 1.47 THB price screens above the 1.30 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Dynasty Ceramic Public Company (DCC) currently trades at 1.47 THB, while our model-based Fair Value estimate is 1.30 THB, implying the stock looks roughly 11.6% overvalued today. The Quality Score stands at 59/100 (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: high).

Over the trailing twelve months, Dynasty Ceramic Public Company generated revenue of 6.1B THB at a net margin of 14.3%. Revenue declined 13.6% year over year. It earns a return on equity of 12.0%. Net debt stands at 2.8B THB. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.8900 THB (bear case) to 1.71 THB (bull case); at 1.47 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 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at -12%, DCC 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 0.7100 THB 0.9500 THB 1.39 THB 80
Residual Income 0.7400 THB 0.8700 THB 1.46 THB 76
Rev-Margin DCF 0.7600 THB 1.15 THB 1.63 THB 74
All 24 models by family
DCF Models
FCF DCF 0.6800 THB 0.9300 THB 1.41 THB 38
Owner Earnings 0.9600 THB 1.31 THB 2.00 THB 31
5Y Revenue Exit 0.7600 THB 1.13 THB 1.69 THB 39
5Y EBITDA Exit 1.22 THB 1.92 THB 2.86 THB 41
5Y P/E Exit 1.10 THB 1.71 THB 2.45 THB 38
10Y Revenue Exit 0.7000 THB 1.00 THB 1.33 THB 36
10Y EBITDA Exit 1.01 THB 1.51 THB 2.07 THB 37
10Y P/E Exit 0.9300 THB 1.37 THB 1.81 THB 35
Earnings-Based
Graham-Dodd 0.6800 THB 0.9800 THB 1.16 THB 54
EPV 0.9200 THB 1.07 THB 1.21 THB 59
Dividend Discount
Gordon GGM 0.8300 THB 0.9400 THB 1.07 THB 70
DDM Multi-Stage 0.8300 THB 1.07 THB 1.39 THB 61
Multiples
P/E Multiple 1.57 THB 2.09 THB 2.62 THB 63
P/S Multiple 1.04 THB 1.39 THB 1.74 THB 58
P/B Multiple 1.27 THB 1.69 THB 2.12 THB 55
EV/EBIT 1.55 THB 2.06 THB 2.58 THB 53
EV/EBITDA 1.81 THB 2.41 THB 3.01 THB 54
EV/Revenue 0.8800 THB 1.26 THB 1.63 THB 43
Asset-Based
NCAV (Graham) 0.3900 THB 0.5200 THB 0.7800 THB 50
Growth DCF
Growth DCF 0.7100 THB 0.9500 THB 1.39 THB 80
Rev-Margin DCF 0.7600 THB 1.15 THB 1.63 THB 74
Economic Profit
Residual Income 0.7400 THB 0.8700 THB 1.46 THB 76
ROIC Compounder 0.9300 THB 1.11 THB 1.31 THB 72
Growth Earnings
Growth-Adj P/E 1.11 THB 1.58 THB 2.06 THB 68

Widest divergence: Multiples (1.69 THB) versus Asset-Based (0.5200 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 6.1B THB
Revenue growth (YoY) -13.6%
Net margin 14.3%
Return on equity 12.0%
Free cash flow 620M THB FY2025
P/E ratio 14.7
More key figures
Operating margin 18.9%
EPS (TTM) 0.1000 THB
Dividend yield 5.2%
EPS growth (YoY) -14.3%
Net debt 2.8B THB FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 71

Profitability 51
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 65
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

Dynasty Ceramic Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of ceramic floor and wall tiles in Thailand and internationally. The company also offers tile grout, tile adhesives, and corner-trim products.

Full company description

Dynasty Ceramic Public Company Limited, together with its subsidiaries, engages in the manufacture and distribution of ceramic floor and wall tiles in Thailand and internationally. The company also offers tile grout, tile adhesives, and corner-trim products. It sells its products under the Jaguar, RCI TILE, RCI PORCELEIN, RCI MOSIAC, Birdy, Butterfly, Chicken, Rhino, Ducky, Swan, and Penguin brands. The company was founded in 1989 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dynasty Ceramic Public Company reported revenue of 6.3B THB in FY2025 versus 8.4B THB in FY2021, a compound −6.9%/yr. Reported net income was 904M THB in FY2025, compounding −14.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.3B THB
Latest YoY
−10.2%
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.
−8.9%
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.
−5.8%
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.
+4.7%
Revenue −6.9%/yr
FY21 8.4B THB
FY22 8.3B THB
FY23 7.7B THB
FY24 7.0B THB
FY25 6.3B THB
Net income −14.6%/yr
FY21 1.7B THB
FY22 1.6B THB
FY23 1.2B THB
FY24 1.1B THB
FY25 904M THB
Character of growth · EPS growth decomposed (2014-2025) −6.1 % p.a.
Revenue per share −3.8 pp

of which total revenue −0.2 pp · buybacks/dilution −3.6 pp

EBIT margin −2.9 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +0.6 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).

DCC screens 12% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Dynasty Ceramic Public Company Fair Value". https://www.fairvalue-calculator.com/stock/DCC

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 59 · Above median
Fair Value upside −12% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth -14% · Bottom 25%
Dividend yield (TTM) 4.7% · Top 25%

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

P/E (TTM) 14.7× · Cheaper than median
P/B 1.91× · Pricier than median
P/S (TTM) 2.23× · Pricier than 75% of peers
P/FCF 0.7× · Cheaper than median
EV/EBITDA 9.2× · Cheaper than median
PEG 1.45× · Cheaper than median

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 18 · sector 0
FUTURE 0 · sector 10
PAST 48 · sector 23
HEALTH 100 · sector 94
DIVIDEND 94 · sector 30

Insider activity: 30/100

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $483.96 $208.50 -57%
Johnson Controls International plc JCI $152.79 $44.75 -71%
Carrier Global Corporation CARR $63.08 $16.85 -73%
Compagnie de Saint-Gobain S.A SGO €84.24 €97.97 +16%
PT Impack Pratama Industri Tbk, IMPC 1,405 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 38.91 kr 25.37 -35%
Beijing New Building Materials Public Limited 000786 ¥18.73 ¥31.73 +69%
Moon Environment Technology Co 000811 ¥42.22 ¥11.94 -72%
The Supreme Industries Limited SUPREMEIND ₹3,460 ₹1,376 -60%
Aditya Infotech Limited CPPLUS ₹3,899 ₹763.08 -80%

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Frequently asked questions

Is Dynasty Ceramic Public Company (DCC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.30 THB versus a price of 1.47 THB, about −12% (overvalued).
What is the fair value of DCC?
Our model-based fair value for Dynasty Ceramic Public Company is 1.30 THB (as of Aug 13, 2026), built from audited fundamentals. The current price is 1.47 THB.
What is the quality score of DCC?
Dynasty Ceramic Public Company has a Quality Score of 59/100. 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 Dynasty Ceramic Public Company (DCC)?
Dynasty Ceramic Public Company reported trailing-twelve-month revenue of about 6.1B THB (latest available figure, as of Aug 13, 2026).
What is the net profit margin of DCC?
The net profit margin of Dynasty Ceramic Public Company is about 14.3%, meaning it keeps roughly 14.3% of revenue as net income. Based on the latest reported figures.
Does Dynasty Ceramic Public Company pay a dividend?
Dynasty Ceramic Public Company currently shows a dividend yield of about 5.19% relative to its recent price (as of Aug 13, 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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