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CP ALL Public Company (TCPD) Fair Value & Analysis

Consumer Defensive · SG · Market cap 16.8B SGD

CA CP ALL Public Company TCPD · SG
Price1.85 SGD
Fair Value2.36 SGD
Upside+27.6%
Quality51/100
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Healthy Growth
Thin margins · 2.9% net margin
High debt · generates free cash flow
Ranks above peers (7/11)
Narrow moat 32/100
Evidence: Medium Range 1.49 SGD – 3.19 SGD Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated yesterday

Share price +1.6% over the past month.

A solid business, screening 28% undervalued on our models.

What matters now

  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (1.49 SGD to 3.19 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

2.49 SGD 1.60 SGD Fair Value 2.36 SGD May 2023 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

38‑month range 1.60 SGD – 2.49 SGD · fair‑value band 1.49 SGD – 3.19 SGD · the 1.85 SGD price screens below the 2.36 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CP ALL Public Company (TCPD) currently trades at 1.85 SGD, while our model-based Fair Value estimate is 2.36 SGD, implying the stock looks roughly 27.6% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Defensive 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: medium), always confirm before acting.

Over the trailing twelve months, CP ALL Public Company generated revenue of 1.0T SGD at a net margin of 2.9%. Revenue grew 5.8% year over year. It earns a return on equity of 10.0%. Net debt stands at 273B SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.49 SGD (bear case) to 3.19 SGD (bull case); at 1.85 SGD, 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 about 13% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -29% fair-value upside, at 28%, TCPD 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 1.43 SGD 2.44 SGD 3.84 SGD 80
Residual Income 0.8458 SGD 1.12 SGD 4.51 SGD 76
Rev-Margin DCF 1.21 SGD 2.38 SGD 3.66 SGD 74
All 23 models by family
DCF Models
FCF DCF 1.37 SGD 2.47 SGD 4.08 SGD 38
Owner Earnings 0.9547 SGD 1.86 SGD 3.19 SGD 31
5Y Revenue Exit 1.21 SGD 2.36 SGD 3.79 SGD 39
5Y EBITDA Exit 2.16 SGD 4.08 SGD 6.26 SGD 41
5Y P/E Exit 1.03 SGD 2.03 SGD 3.04 SGD 38
10Y Revenue Exit 1.18 SGD 2.23 SGD 3.55 SGD 36
10Y EBITDA Exit 1.85 SGD 3.40 SGD 5.37 SGD 37
10Y P/E Exit 1.13 SGD 2.00 SGD 3.00 SGD 35
Earnings-Based
Graham-Dodd 0.8814 SGD 2.26 SGD 2.94 SGD 54
PEG = 1.0 0.4231 SGD 0.6041 SGD 0.7856 SGD 46
EPV 0.8642 SGD 1.17 SGD 1.43 SGD 59
Multiples
P/E Multiple 2.04 SGD 2.72 SGD 3.40 SGD 63
P/S Multiple 1.65 SGD 2.20 SGD 2.75 SGD 58
P/B Multiple 1.65 SGD 2.20 SGD 2.75 SGD 55
EV/EBIT 2.13 SGD 3.16 SGD 4.19 SGD 53
EV/EBITDA 3.10 SGD 4.45 SGD 5.80 SGD 54
EV/Revenue 1.25 SGD 2.19 SGD 3.14 SGD 43
Asset-Based
NCAV (Graham) 0.3174 SGD 0.4256 SGD 0.6348 SGD 50
Growth DCF
Growth DCF 1.43 SGD 2.44 SGD 3.84 SGD 80
Rev-Margin DCF 1.21 SGD 2.38 SGD 3.66 SGD 74
Economic Profit
Residual Income 0.8458 SGD 1.12 SGD 4.51 SGD 76
ROIC Compounder 0.9048 SGD 1.35 SGD 1.89 SGD 72
Growth Earnings
Growth-Adj P/E 1.59 SGD 2.26 SGD 2.94 SGD 68

Widest divergence: Growth DCF (2.38 SGD) versus Asset-Based (0.4256 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0T SGD
Revenue growth (YoY) +5.8%
Net margin 2.9%
Return on equity 10.0%
Free cash flow 46.7B SGD FY2025
P/E ratio 14.2
More key figures
Operating margin 5.9%
EPS (TTM) 0.1300 SGD
EPS growth (YoY) +21.5%
Net debt 273B SGD FY2025

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

Quality Score breakdown

Overall quality 51/100

Of which business quality 49 · Market factors (momentum, volatility) 54

Profitability 49
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 42
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

CP ALL Public Company Limited, together with its subsidiaries, operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally. The company operates through four segments: Convenience stores, Wholesale, Retail and Mall, and Other.

Full company description

CP ALL Public Company Limited, together with its subsidiaries, operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally. The company operates through four segments: Convenience stores, Wholesale, Retail and Mall, and Other. It also operates frozen food plants and bakeries; distributes various commercial cards and tickets, and hardware and equipment; manufactures, imports, exports, distributes, and trades in food products. In addition, the company designs and develops IT system; and offers bill payment, training and seminar, digital technology, marketing activity, electronic payment agent, asset counting, logistics and distribution of merchandise, technical and supporting services, warehouse management, consulting, building rental, and freight, delivery, and rental services. Further, the company engages in e-commerce, catalog, insurance broker, and telecommunication businesses; commercial trading; investing in retail business and mall, and commercial space management; and distribution, installation, repair, and maintenance of retail equipment, as well as production of roasted coffee beans. Additionally, it operates food and beverages stores, restaurant, and educational institutions; provides educational development fund; produces ready-to-eat meals, raw materials, and dairy products; and distributes goods and equipment for convenience stores. It is also involved in retail and related business operation under the Lotus's brand name; operation of stores under Makro name; and production of raw and cooked protein products. The company was formerly known as C.P. Seven Eleven Public Company Limited. CP ALL Public Company Limited was founded in 1988 and is headquartered in Nonthaburi, Thailand.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

CP ALL Public Company reported revenue of 991B SGD in FY2025 versus 829B SGD in FY2022, a compound +6.1%/yr. Reported net income was 28.2B SGD in FY2025, compounding +28.6%/yr from FY2022.

Growth Quality 66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
991B SGD
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.
+6.1%
Revenue +6.1%/yr
FY22 829B SGD
FY23 895B SGD
FY24 959B SGD
FY25 991B SGD
Net income +28.6%/yr
FY22 13.3B SGD
FY23 18.5B SGD
FY24 25.3B SGD
FY25 28.2B SGD

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Cite: Fair Value Calculator (2026). "CP ALL Public Company Fair Value". https://www.fairvalue-calculator.com/stock/TCPD

Peer Group

Grocery Stores · 84 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 51 · Bottom 25%
Fair Value upside +28% · Above median
Return on equity (TTM) 10% · Below median
Return on assets 4% · Below median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 6% · Above median
Debt / equity 1.90× · Higher than 75% of peers

Valuation Multiples vs Grocery Stores median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
PEG 1.54× · 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 70 · sector 39
FUTURE 29 · sector 17
PAST 40 · sector 51
HEALTH 5 · sector 92
DIVIDEND 0 · sector 47

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 Grocery Stores stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Loblaw Companies Limited L C$62.09 C$44.44 -28%
Koninklijke Ahold Delhaize N.V AD €31.87 €53.50 +68%
The Kroger Co KR $56.06 $28.19 -50%
Woolworths Group WOW A$39.72 A$8.33 -79%
George Weston Limited WN C$99.75 C$147.70 +48%
Coles Group COL A$23.44 A$15.86 -32%
Metro Inc MRU C$89.98 C$94.01 +4%
Carrefour SA CA €15.73 €11.19 -29%
BIM Birlesik Magazalar A.S., BIMAS 385.75 TRY 267.12 TRY -31%
Kesko Oyj KESKOA €21.25 €11.62 -45%

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Frequently asked questions

Is CP ALL Public Company (TCPD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2.36 SGD versus a price of 1.85 SGD, about +28% (undervalued).
What is the fair value of TCPD?
Our model-based fair value for CP ALL Public Company is 2.36 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 1.85 SGD.
What is the quality score of TCPD?
CP ALL Public Company has a Quality Score of 51/100. 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 CP ALL Public Company (TCPD)?
CP ALL Public Company reported trailing-twelve-month revenue of about 1.0T SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TCPD?
The net profit margin of CP ALL Public Company is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.

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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