Obermatt

North East Rubber

SET:NER · TH8798010006
Auto ComponentsMedium

360

30
EV / EBIT54
Price / Owner Earnings47
Owner Earnings Yield65
Dividend Yield97
Price/Sales100
EV / Gross Profit17
Price/Book94
Return on Capital69
Cash Return on Capital74
Return on Equity92
EBIT Margin68
Gross Profitability27
Cash Conversion7
Accruals29
Owner Earnings Margin76
Sales growth31
Profit Growth80
Long-Term EPS Growth23
Owner Earnings Growth36
Reinvestment16
Price momentum61
Debt load11
Refinancing100
Debt Payback32
Liquidity30
Analyst ratings40
Opinion Changes50
Price Target Upside63
Market mood99
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

North East Rubber clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryAuto Components
SizeMedium
TypePublic Company
ExchangeSET
Founded2006
ISINTH8798010006
Last UpdateApr 2, 2026
Themes
AgTechManufacturingPlastics and Rubber Manufacturing

Description

North East Rubber Public Company Limited is primarily engaged in the manufacturing and sales of rubber products, specifically rubber smoked sheets and skim block rubbers, serving both domestic and international markets. Business Strategy The compan…

Analysis

Middle-of-the-road

North East Rubber Public Company Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 4.8×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is stretched. The company scores 10/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
84
2026

All-time high

90

Mar 2026

All-time low

84

Jun 2026

Average rank

87

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
100
Price/Earnings
100
Price/Book
94
Dividend Yield
97
Value (overall)
100

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →