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AIRA Capital Public Company Limited (AIRA) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of AIRA Capital Public Company Limited stock THB 0.78, price THB 0.97, that is 19.4% below the price, quality 56 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Financial Services TH · ISIN TH5434010002

AC AIRA Capital Public Company Limited logo Thin data Nov 10, 2026

AIRA Capital Public Company Limited

AIRA · BK
Expensive, in a downtrend

Our calculation puts a fair price 19% below what the stock costs today.

Low debt
Generates free cash flow
Revenue last quarter +20% vs. a year ago.
Quality 56/100
Fair value 0.7815 THB · Overvalued
Weak Growth (revenue 5y +1.1 %/yr in THB)
Loss-making · -5.1% net margin (TTM)
Trails peers (2/12)
Narrow moat 19/100 · thin data
Thin data
Estimate⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

2.43 THB 0.8500 THB Fair Value 0.7815 THB Feb 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range 0.8500 THB – 2.43 THB · fair‑value band 0.5861 THB – 0.9769 THB · the 0.9700 THB price screens above the 0.7815 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

AIRA Capital Public Company Limited, together with its subsidiaries, engages in the investment and financial advisory activities in Thailand.

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It operates through Securities and Investment Business, Advisory and Investment Banking, Factoring, Rental and Service Business, and Property Development segments.

The company offers securities brokerage, securities trading, investment advisory, securities underwriting, securities borrowing and lending, derivatives brokerage, and private fund management services.

In addition, it provides financial services; hire purchase, financial lease, and operating lease for industrial equipment and machines; and private fund, mutual fund management and securities brokerage of investment unit services, as well as receivable factoring, venture capital, property development, and asset management businesses.

Further, it is involved in the real estate industry. AIRA Capital Public Company Limited was founded in 2010 and is based in Bangkok, Thailand.

Stock analysis

AIRA Capital Public Company Limited (AIRA) currently trades at 0.9700 THB, while our estimate is 0.7815 THB, 19% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: 0.5861 THB (bear) to 0.9769 THB (bull), the price of 0.9700 THB sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 56/100 (solid quality), in the Financial Services sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

AIRA Capital Public Company Limited reported revenue of 1.0B THB in FY2025 versus 1.1B THB in FY2021, a compound −0.7%/yr. Reported net income was −109M THB in FY2025.

Key figures

Market cap 6.1B THB (≈ $182M) Micro · P/S ratio 8.24 · EPS (TTM) −0.0100 THB · Net margin −10.6% · Return on equity 0.7% · Return on assets (EBIT) 1.7% (5-year average) · Operating margin 0.0% · Revenue (TTM) 774M THB.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).

What moves the price

The share trades about 33% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −19%, AIRA screens richer than that median.

Fair Value

Bear 0.5861 THB Fair Value 0.7815 THB Bull 0.9769 THB
Price 0.9700 THB · Downside -19.4%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 56/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 7
How much profit the company makes from its sales and capital
Quality Growth 60
Are margins and returns getting better?
Cashflow 90
Do the profits arrive as real cash?
Financial strength 24
Debt, balance sheet and risk of trouble
Investment 94
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 26
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 9
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 30/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−10.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.1%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.2%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
9.6% (2020) → 9.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+31.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +29.5% a year for the price.

AIRA screens overvalued: fair value 19% below the price. Compare with Morgan Stanley →

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Peer Groupⓘ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.Capital Markets · 455 stocks

Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside −19.4% · Below median
Profitability
Return on equity (12 months) 0.7% · Below median
Return on assets −1.1% · Bottom 25%
Net margin (12 months) −5.1% · Bottom 25%
Operating margin (12 months) 0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 20.0% · Above median
Balance sheet
Debt / equity 0.15× · Above median

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/B 1.95× · Pricier than median
P/S (12 months) 7.91× · Priciest 25%
Price / free cash flow (fiscal year) 25.3× · Priciest 25%
EV/EBITDA 17.8× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)7 · sector 32
FUTURE (revenue growth)100 · sector 58
PAST (return on equity)3 · sector 31
HEALTH (low debt)92 · sector 94
DIVIDEND (yield)0 · sector 46

Context: sector, industry, market

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

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Morgan Stanley MS $187.56 $260.72 +39% vs AIRA
The Charles Schwab Corporation SCHW $93.03 $117.60 +26% vs AIRA
Guotai Haitong Securities Co 601211 ¥16.21 ¥18.02 +11% vs AIRA
Nomura Holdings NMR $9.51 $10.17 +7% vs AIRA
The Goldman Sachs Group GS $910.19 $766.86 −16% vs AIRA
CITIC Securities Company 600030 ¥25.53 ¥20.42 −20% vs AIRA
Robinhood Markets, Inc HOOD $81.33 $47.60 −41% vs AIRA
Macquarie Group MQG A$249.23 A$123.84 −50% vs AIRA
East Money Information Co 300059 ¥18.78 ¥6.72 −64% vs AIRA
Interactive Brokers Group IBKR $77.59 $17.48 −77% vs AIRA

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AIRA Capital Public Company Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "AIRA Capital Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/AIRA

Frequently asked questions

Is AIRA Capital Public Company Limited (AIRA) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is 0.7815 THB versus a price of 0.9700 THB, about 19% lower (overvalued).
What is the fair value of AIRA?
Our estimate for AIRA Capital Public Company Limited is 0.7815 THB (as of Nov 10, 2026), built from audited fundamentals. The current price: 0.9700 THB.
What is the quality score of AIRA?
AIRA Capital Public Company Limited has a Quality Score of 56/100. 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 price target for AIRA Capital Public Company Limited (AIRA)?
Our calculated price target is the estimate of 0.7815 THB (as of Nov 10, 2026). Cautious scenario 0.5861 THB, optimistic scenario 0.9769 THB. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the AIRA Capital Public Company Limited stock forecast for 2026?
Our estimate puts fair value at 0.7815 THB, about 19% lower versus a price of 0.9700 THB (overvalued). Cautious scenario 0.5861 THB, optimistic scenario 0.9769 THB. The calculation is refreshed regularly with new filings.
What is the revenue of AIRA Capital Public Company Limited (AIRA)?
AIRA Capital Public Company Limited reported trailing-twelve-month revenue of about 774M THB (latest available figure, as of Nov 10, 2026).
What growth is priced into AIRA Capital Public Company Limited (AIRA)?
For today's price to be fair in a discounted-cash-flow model, AIRA Capital Public Company Limited would have to grow free cash flow by +31.1 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.1 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of AIRA use?
Our models discount AIRA Capital Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.25, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AIRA Capital Public Company Limited that is +31.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has AIRA Capital Public Company Limited (AIRA) delivered so far?
Over the past 5 years revenue at AIRA Capital Public Company Limited grew +1.1 % a year. The price currently implies free-cash-flow growth of +31.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AIRA Capital Public Company Limited (AIRA) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into AIRA Capital Public Company Limited (+31.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AIRA Capital Public Company Limited (AIRA)?
The free-cash-flow yield on the price is 3.95 %: that much free cash flow AIRA Capital Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AIRA Capital Public Company Limited (AIRA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AIRA Capital Public Company Limited it is 0.7815 THB per share (as of Nov 10, 2026), against a price of 0.9700 THB.
Is AIRA Capital Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, AIRA trades above its calculated fair value: price 0.9700 THB, fair value 0.7815 THB, a gap of about −19% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AIRA?
No. The price is what the market pays today (0.9700 THB); the fair value is what the company's own numbers justify (0.7815 THB). For AIRA Capital Public Company Limited the two are 0.1885 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is AIRA Capital Public Company Limited worth?
The market values AIRA Capital Public Company Limited at about 6.1B THB (market capitalisation, as of Nov 10, 2026). Per share that is 0.9700 THB; our models calculate a fair value of 0.7815 THB per share.
What do the bullish and bearish scenarios say about AIRA?
Our models span a range for AIRA Capital Public Company Limited: cautious scenario 0.5861 THB, base 0.7815 THB, optimistic 0.9769 THB per share (as of Nov 10, 2026, price 0.9700 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of AIRA Capital Public Company Limited (AIRA)?
Balance-sheet figures for AIRA Capital Public Company Limited (as of Nov 10, 2026): return on equity 0.7%, debt of 0.15 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is AIRA from its 52-week high?
AIRA Capital Public Company Limited trades at 0.9700 THB, about 33% below its 52-week high of 1.45 THB and 7% above the low of 0.9100 THB (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 0.7815 THB is for.
Which stocks are comparable to AIRA Capital Public Company Limited?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AIRA Capital Public Company Limited stock attractive at the current price?
The data as of Nov 10, 2026: price 0.9700 THB, calculated fair value 0.7815 THB (−19%), Quality Score 56/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. AIRA Capital Public Company Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AIRA Capital Public Company Limited (AIRA)?
The closing price on Nov 10, 2026 was 0.9700 THB. Our estimate is 0.7815 THB, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AIRA Capital Public Company Limited right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of AIRA Capital Public Company Limited

How large is the market capitalisation of AIRA Capital Public Company Limited (AIRA)?
The market capitalisation of AIRA Capital Public Company Limited is 6.1B THB (≈ $182M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AIRA Capital Public Company Limited (AIRA)?
The price-to-sales ratio of AIRA Capital Public Company Limited is 8.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AIRA Capital Public Company Limited (AIRA)?
Earnings per share at AIRA Capital Public Company Limited are −0.0100 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of AIRA Capital Public Company Limited (AIRA)?
The net margin of AIRA Capital Public Company Limited is −10.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AIRA Capital Public Company Limited (AIRA)?
The return on equity (ROE) of AIRA Capital Public Company Limited is 0.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AIRA Capital Public Company Limited (AIRA)?
On an EBIT basis the return on assets of AIRA Capital Public Company Limited is 1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AIRA Capital Public Company Limited (AIRA)?
The operating margin of AIRA Capital Public Company Limited is 0.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AIRA Capital Public Company Limited (AIRA)?
Revenue at AIRA Capital Public Company Limited is growing +20.0% versus a year earlier (3y avg +4.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AIRA Capital Public Company Limited (AIRA)?
Earnings per share at AIRA Capital Public Company Limited are growing −77.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AIRA Capital Public Company Limited (AIRA) carry?
The net debt of AIRA Capital Public Company Limited is 4.6B THB (fiscal year 2025, ≈ 18.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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