Ananda Development Public Company Limited (ANAN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ananda Development Public Company Limited stock THB 0.83, price THB 0.33, upside +150.0%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 0.2900 THB – 2.36 THB · fair‑value band 0.6500 THB – 1.24 THB · the 0.3300 THB price screens below the 0.8250 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Ananda Development Public Company Limited, together with subsidiaries, develops and sells real estate projects in Thailand. It operates through Real Estate Development, Management of Real Estate Development Project, Service Apartments, and Other segments.
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The company provides management for real estate projects; house construction; and real estate brokerage services, as well as acts as a property agent. It also engages in the management of juristic person; media production; and property rental, as well as provision of academic seminar services.
In addition, the company develops condominium projects under the Ashton, Ideo Q, Coco Parc, Culture, Ideo Mobi, Ideo, and Elio brands; and housing projects and townhouses under the Artale, Airi, Atoll, Anda, Urbanio, and Unio Town brands.
The company was founded in 1999 and is based in Samut Prakan, Thailand.
Stock analysis
Ananda Development Public Company Limited (ANAN) currently trades at 0.3300 THB, while our model-based Fair Value estimate is 0.8250 THB, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 5.32 THB per share, and 10 of the 11 models we run sit above the 0.3300 THB price.
Bear case: the Economic Profit group reads lowest at 1.11 THB, and 1 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.6500 THB (bear) to 1.24 THB (bull), the price of 0.3300 THB sits below 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 49/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ananda Development Public Company Limited reported revenue of 6.6B THB in FY2025 versus 3.6B THB in FY2021, a compound +16.5%/yr. Reported net income was 55.7M THB in FY2025.
Key figures
Market cap 1.4B THB (≈ $41.1M) Micro · P/S ratio 0.19 · EPS (TTM) −0.1400 THB · Net margin 0.8% · Return on equity −2.3% · Return on assets (EBIT) 0.6% (5-year average) · Operating margin 2.5% · Revenue (TTM) 7.4B THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 150%, ANAN screens cheaper than that median.
Fair Value models
Bear0.6500 THBFair Value 0.8250 THBBull1.24 THB
Price 0.3300 THB · Upside +150.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.9%
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.
+28.8%
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.
+9.8%
Start year 2020 (pandemic). Over 10 years: −4.8% a year
Revenue growth 16 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.
+17.1%
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What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−86.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−86.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−86.0% vs −64.2%, slowing
Profit margin 2020 to 2025 ⓘ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.32% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 12.7%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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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.Real Estate - Development · 488 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+150.0% · Top 25%
Profitability
Return on assets0.2% · Bottom 25%
Net margin (12 months)−3.8% · Bottom 25%
Operating margin (12 months)2.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)122.9% · Top 25%
Balance sheet
Debt / equity0.28× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ananda Development Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/ANAN
Frequently asked questions
Is Ananda Development Public Company Limited (ANAN) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.8250 THB versus a price of 0.3300 THB, about +150% upside (undervalued).
What is the fair value of ANAN?
Our model-based fair value for Ananda Development Public Company Limited is 0.8250 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.3300 THB.
What is the quality score of ANAN?
Ananda Development Public Company Limited has a Quality Score of 49/100. 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 Ananda Development Public Company Limited (ANAN)?
Our model-based price target is the fair value of 0.8250 THB (as of Nov 7, 2026) from 13 valuation models. Cautious scenario 0.6500 THB, optimistic scenario 1.24 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Ananda Development Public Company Limited stock forecast for 2026?
Our models put fair value at 0.8250 THB, about +150% upside versus a price of 0.3300 THB (undervalued). Cautious scenario 0.6500 THB, optimistic scenario 1.24 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Ananda Development Public Company Limited (ANAN)?
Ananda Development Public Company Limited reported trailing-twelve-month revenue of about 7.4B THB (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Ananda Development Public Company Limited (ANAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ananda Development Public Company Limited it is 0.8250 THB per share (as of Nov 7, 2026), against a price of 0.3300 THB. It is the blended result of 13 valuation models in 5 families (DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Ananda Development Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ANAN trades below its calculated fair value: price 0.3300 THB, fair value 0.8250 THB, a gap of about +150% (undervalued). 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 ANAN?
No. The price is what the market pays today (0.3300 THB); the fair value is what the company's own numbers justify (0.8250 THB). For Ananda Development Public Company Limited the two are 0.4950 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Ananda Development Public Company Limited worth?
The market values Ananda Development Public Company Limited at about 1.4B THB (market capitalisation, as of Nov 7, 2026). Per share that is 0.3300 THB; our models calculate a fair value of 0.8250 THB per share.
What do the bullish and bearish scenarios say about ANAN?
Our models span a range for Ananda Development Public Company Limited: cautious scenario 0.6500 THB, base 0.8250 THB, optimistic 1.24 THB per share (as of Nov 7, 2026, price 0.3300 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ananda Development Public Company Limited (ANAN)?
Balance-sheet figures for Ananda Development Public Company Limited (as of Nov 7, 2026): return on equity −2.3%, debt of 0.28 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is ANAN from its 52-week high?
Ananda Development Public Company Limited trades at 0.3300 THB, about 31% below its 52-week high of 0.4800 THB and 14% above the low of 0.2900 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.8250 THB is for.
Which stocks are comparable to Ananda Development Public Company Limited?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, 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 Ananda Development Public Company Limited stock attractive at the current price?
The data as of Nov 7, 2026: price 0.3300 THB, calculated fair value 0.8250 THB (+150%), Quality Score 49/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ANAN calculated?
We run Ananda Development Public Company Limited through 13 models from 5 families: DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.8250 THB builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Ananda Development Public Company Limited currently trades 60% below its own fair value, and the market average says nothing about that. 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 Ananda Development Public Company Limited (ANAN)?
The closing price on Nov 6, 2026 was 0.3300 THB. Our model-based fair value is 0.8250 THB, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ananda Development Public Company Limited right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.6500 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.6500 THB to 1.24 THB) leaves room in how you read the outcome.
Key figures of Ananda Development Public Company Limited
How large is the market capitalisation of Ananda Development Public Company Limited (ANAN)?
The market capitalisation of Ananda Development Public Company Limited is 1.4B THB (≈ $41.1M). 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 Ananda Development Public Company Limited (ANAN)?
The price-to-sales ratio of Ananda Development Public Company Limited is 0.19 (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 Ananda Development Public Company Limited (ANAN)?
Earnings per share at Ananda Development Public Company Limited are −0.1400 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ananda Development Public Company Limited (ANAN)?
The net margin of Ananda Development Public Company Limited is 0.8% (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 Ananda Development Public Company Limited (ANAN)?
The return on equity (ROE) of Ananda Development Public Company Limited is −2.3% (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 Ananda Development Public Company Limited (ANAN)?
On an EBIT basis the return on assets of Ananda Development Public Company Limited is 0.6% (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 Ananda Development Public Company Limited (ANAN)?
The operating margin of Ananda Development Public Company Limited is 2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ananda Development Public Company Limited (ANAN)?
Revenue at Ananda Development Public Company Limited is growing +123% versus a year earlier (3y avg +28.8%). 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 Ananda Development Public Company Limited (ANAN)?
Earnings per share at Ananda Development Public Company Limited are growing −24.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ananda Development Public Company Limited (ANAN) generate?
The free cash flow of Ananda Development Public Company Limited is 2.1B THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ananda Development Public Company Limited (ANAN) carry?
The net debt of Ananda Development Public Company Limited is 15.9B THB (fiscal year 2025, ≈ 7.6 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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Nov 7, 2026