Nforce Secure PCL (BKK:SECURE-R) Intrinsic Value: Projected FCF: ฿0.00 (As of Sep. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:SECURE-R Nforce Secure PCL BKK:SECURE-R
79 GF Score
Price ฿12.33
GF Value ฿12.26
Valuation Fairly Valued
! 3 Warning Signs
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What is Nforce Secure PCL Intrinsic Value: Projected FCF?

Nforce Secure PCL BKK:SECURE-R -0.59% 79 Intrinsic Value: Projected FCF is ฿0.00 as of Sep. 03, 2026. GuruFocus rates BKK:SECURE-R with a GF Score™ of 79/100 and a GF Value™ of ฿12.26 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,691 Hardware companies, Nforce Secure PCL ranks worse than 59136.55% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-03), Nforce Secure PCL's Intrinsic Value: Projected FCF is ฿0.00. The stock price of Nforce Secure PCL is ฿12.33056. Therefore, Nforce Secure PCL's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Nforce Secure PCL's Intrinsic Value: Projected FCF or its related term are showing as below:

BKK:SECURE-R's Price-to-Projected-FCF is not ranked *
in the Hardware industry.
Industry Median: 1.7
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Nforce Secure PCL  (BKK:SECURE-R) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Nforce Secure PCL's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=12.33056/
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nforce Secure PCL Intrinsic Value: Projected FCF Related Terms


Nforce Secure PCL Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Nforce Secure PCL's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nforce Secure PCL Intrinsic Value: Projected FCF Chart

Nforce Secure PCL Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Nforce Secure PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

BKK:SECURE-R vs SNX, ARW, AVT: Intrinsic Value: Projected FCF Comparison

For the Electronics & Computer Distribution subindustry, Nforce Secure PCL's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nforce Secure PCL Price-to-Projected-FCF vs Hardware Industry

For the Hardware industry and Technology sector, Nforce Secure PCL's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Nforce Secure PCL's Price-to-Projected-FCF falls into.


BKK:SECURE-R
79GF Score
Nforce Secure PCL BKK:SECURE-R
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nforce Secure PCL Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


What does a Intrinsic Value: Projected FCF of ฿0.00 mean?
Nforce Secure PCL (BKK:SECURE-R) has a Intrinsic Value: Projected FCF of ฿0.00 as of Sep. 03, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Nforce Secure PCL and its competitors. According to the industry distribution chart, Nforce Secure PCL ranks #999999 out of 1691 companies in the Hardware industry.
Is Nforce Secure PCL's Intrinsic Value: Projected FCF too high?
Nforce Secure PCL's current Intrinsic Value: Projected FCF is ฿0.00. Based on the distribution chart, Nforce Secure PCL ranks #999999 out of 1691 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Nforce Secure PCL has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nforce Secure PCL's Intrinsic Value: Projected FCF compare to SNX and ARW?
According to the Hardware industry distribution chart, Nforce Secure PCL ranks #999999 out of 1691 companies for Intrinsic Value: Projected FCF. This places Nforce Secure PCL in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Hardware company?
The median Intrinsic Value: Projected FCF among Hardware companies is 1.70, based on 1,691 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Nforce Secure PCL and its competitors. For the Hardware industry, the median Intrinsic Value: Projected FCF is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nforce Secure PCL's current Intrinsic Value: Projected FCF is ฿0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nforce Secure PCL stock overvalued right now?
Based on GuruFocus' analysis, Nforce Secure PCL (BKK:SECURE-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿12.26, compared to a current price of ฿12.33 — trading 0.6% above its estimated fair value. The current Intrinsic Value: Projected FCF is ฿0.00. Nforce Secure PCL's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Nforce Secure PCL (BKK:SECURE-R), the current Intrinsic Value: Projected FCF is ฿0.00 as of Sep. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nforce Secure PCL (BKK:SECURE-R) Overvalued in 2026?

Based on GuruFocus' analysis, Nforce Secure PCL stock appears to be overvalued. The current stock price of ฿12.33 is trading 0.6% above its estimated GF Value™ of ฿12.26. GuruFocus considers Nforce Secure PCL to be Fairly Valued.

Key valuation signals for BKK:SECURE-R:

  • Intrinsic Value: Projected FCF: ฿0.00
  • GF Value™: ฿12.26 vs. price of ฿12.33 (0.6% above fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the BKK:SECURE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nforce Secure PCL Business Description

Other Exchanges SECURE:Thailand
Address Ratchadapisek Road, 9/2 The Synchronized, Soi Ratchadapisek 18, Huai Khwang Sub-district, Huai Khwang District, Bangkok, THA, 10310
Nforce Secure PCL is a distributor of cybersecurity solution products and offers other supporting services. It is mainly engaged in selling computer hardware and software, and all related equipment, network communication equipment and software, development of enterprise software and project management, and providing services for business consulting, risk assessment, planning, and training.
79GF Score

Get the complete analysis for BKK:SECURE-R

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿12.33
Price
฿12.26
GF Value