Inventory - More Return PCL (SET:MORE)

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Price: 0.04 THB 33.33% Market Closed

Market Cap: ฿287.1m

More Return PCL
Inventory

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Balance Sheet

More Return PCL
Inventory Peer Comparison

Company		Inventory	CAGR 3Y	CAGR 5Y	CAGR 10Y
M	More Return PCL SET:MORE	Inventory ฿23.5m	CAGR 3-Years N/A	CAGR 5-Years -2%	CAGR 10-Years -13%
G	Global Connections PCL SET:GC	Inventory ฿821.8m	CAGR 3-Years 0%	CAGR 5-Years 16%	CAGR 10-Years 6%
A	Asia Green Energy PCL SET:AGE	Inventory ฿2.3B	CAGR 3-Years -5%	CAGR 5-Years 9%	CAGR 10-Years 7%
U	UAC Global PCL SET:UAC	Inventory ฿223m	CAGR 3-Years -10%	CAGR 5-Years 8%	CAGR 10-Years -2%
S	Sahamit Machinery PCL SET:SMIT	Inventory ฿795.7m	CAGR 3-Years -10%	CAGR 5-Years -2%	CAGR 10-Years -2%
G	Gratitude Infinite PCL SET:GIFT	Inventory ฿486.3m	CAGR 3-Years 233%	CAGR 5-Years 26%	CAGR 10-Years 13%

More Return PCL
Glance View

Market Cap

287.1m THB

Industry

Trading Companies & Distributors

More Return Public Co. Ltd. engages in the sales of mobile phones, music compact discs, video compact discs, digital versatile discs, and other relating materials and merchandises. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2012-12-21. The firm operates through three segments: service, utilities and trading. The service segment is responsible for all kinds of recovery and managing humans. The utilities segment is responsible for producing and selling clean water on Samed island. The trading segment is responsible for selling equipment for the energy-saving distribution of pyrolusite and selling herbal products. The Company’s subsidiaries include More Property Development Co., Ltd., which is engaged in property development; More Network and Engineering Co., Ltd., which is engaged in service managing humans; More Medical Co., Ltd., which is engaged in providing dietary supplement products which are produced from all kinds of herbs; More Advice Co., Ltd. and More Water Solution Co., Ltd.

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MORE Intrinsic Value

Undervaluation 27%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

More Return PCL
SET:MORE

More Return PCL
Inventory

More Return PCL
Inventory Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

More Return PCL
Glance View

See Also

What is More Return PCL's Inventory?

Inventory
23.5m THB

What is More Return PCL's Inventory growth rate?

Inventory CAGR 10Y
-13%

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More Return PCL SET:MORE

More Return PCL Inventory

More Return PCL Inventory Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

More Return PCL Glance View

See Also

What is More Return PCL's Inventory? Inventory 23.5m THB

What is More Return PCL's Inventory growth rate? Inventory CAGR 10Y -13%

Company

Help

Tools

Stocks

More Return PCL
SET:MORE

More Return PCL
Inventory

More Return PCL
Inventory Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

More Return PCL
Glance View

What is More Return PCL's Inventory?

Inventory
23.5m THB

What is More Return PCL's Inventory growth rate?

Inventory CAGR 10Y
-13%