Nutrition SC Public Company Limited (NTSC.BK)

Nutrition SC Public Company Limited (NTSC.BK) — VMCI valuation read

Headline read on NTSC.BK: VMCI of 70/100 versus a Basic Materials sector median of 50. The 20-point above-median position is what makes Nutrition SC Public Company Limited a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on NTSC.BK: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on NTSC.BK: value (NTSC.BK trades at 25.0x earnings, 39% above the Basic Materials median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Basic Materials median (10.0%)), and risk (net debt to EBITDA of 0.3x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Basic Materials 12.0x baseline.

NTSC.BK fell 3.7% over the trailing 7 days, with a -9.6% read on a 30-day basis.