ARIP Public Company Limited (ARIP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ARIP Public Company Limited stock THB 0.50, price THB 0.40, upside +25.0%, quality 71 out of 100. Rating: undervalued. Calculated from audited financials with 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 4, 2026.
How to read this chart
60‑month range 0.3023 THB – 1.41 THB · fair‑value band 0.3800 THB – 0.6300 THB · the 0.4000 THB price screens below the 0.5000 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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ARIP Public Company Limited engages in the management of events and marketing activities in Thailand. It operates through three segments: Media and Contents, Management of Events, and Digital Service.
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The company produces, distributes, and provides advertising services across print, digital, and social media platforms about business, management, and information technology, including Business+, an analytical magazine focusing on economics, business, strategy, management, and marketing; Business+ Top 1000 Companies, a magazine that compiles performance data of listed companies in Thailand; techhub.in.th, a digital media platform; and COMMART, an online media platform that offers buyer guide for technology products, as well as seminars and award ceremonies.
It also organizes exhibitions, IT trade shows, and marketing events, as well as academic conferences; provides marketing and event management, as well as administrative services; and virtual event platform services, such as member management systems, sales platforms, games and activities, online conferences and seminars, live streaming, online business matching, online voting and competitions, and others.
In addition, the company offers digital marketing services comprising online marketing strategy development, online communication strategy, digital branding, content marketing strategy, creative content creation, online content management, and digital media planning and buying, as well as measurement, data analysis, and reporting; and enterprise learning platform, a cloud-based online training platform to develop the skills of employees.
Further, it is involved in the production of e-books, annual compilations, pocketbooks, and IT-related publications. The company was formerly known as AR Information and Public Company Limited and changed its name to ARIP Public Company Limited in January 2010.
ARIP Public Company Limited was founded in 1989 and is based in Bangkok, Thailand.
Stock analysis
ARIP Public Company Limited (ARIP) currently trades at 0.4000 THB, while our model-based Fair Value estimate is 0.5000 THB, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.7200 THB per share, and 17 of the 26 models we run sit above the 0.4000 THB price.
Bear case: the Earnings-Based group reads lowest at 0.2050 THB, and 9 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.3800 THB (bear) to 0.6300 THB (bull), the price of 0.4000 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 71/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ARIP Public Company Limited reported revenue of 255M THB in FY2025 versus 168M THB in FY2021, a compound +11.0%/yr. Reported net income was 11.2M THB in FY2025, compounding +21.1%/yr from FY2021.
Key figures
Market cap 186M THB (≈ $5.6M) Micro · P/E ratio 20.0 · P/S ratio 0.81 · EPS (TTM) 0.0200 THB · Dividend yield 5.0% · Net margin 4.2% · Return on equity 4.3% · Return on assets (EBIT) 3.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at 25%, ARIP screens cheaper than that median.
Fair Value models
Bear0.3800 THBFair Value 0.5000 THBBull0.6300 THB
Price 0.4000 THB · Upside +25.0%
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.63/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.0%
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.
+4.1%
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.
+2.6%
Start year 2020 (pandemic). Over 10 years: −2.4% 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.
+0.8%
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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.
+30.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.7%
Dividend (yield on the price)5.0%
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.base effect: 25.7% / 19.7%
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.2% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.7%/yr over ~10Y (margin trend unclear) ⓘ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.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−23.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −24.3% a year for the price.
Compare ARIP Public Company Limited with another stock
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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.Specialty Business Services · 229 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+25.0% · Above median
Profitability
Return on equity (12 months)4.3% · Below median
Return on assets4.0% · Above median
Net margin (12 months)4.2% · Below median
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−28.7% · Bottom 25%
Dividend yield (12 months)5.0% · Above median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (12 months)20.0× · Pricier than median
P/B0.81× · Cheaper than median
P/S (12 months)0.81× · Cheaper than median
Price / free cash flow (fiscal year)8.5× · Cheaper than median
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). "ARIP Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/ARIP
Frequently asked questions
Is ARIP Public Company Limited (ARIP) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.5000 THB versus a price of 0.4000 THB, about +25% upside (undervalued).
What is the fair value of ARIP?
Our model-based fair value for ARIP Public Company Limited is 0.5000 THB (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.4000 THB.
What is the quality score of ARIP?
ARIP Public Company Limited has a Quality Score of 71/100. 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 ARIP Public Company Limited (ARIP)?
Our model-based price target is the fair value of 0.5000 THB (as of Nov 4, 2026) from 26 valuation models. Cautious scenario 0.3800 THB, optimistic scenario 0.6300 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the ARIP Public Company Limited stock forecast for 2026?
Our models put fair value at 0.5000 THB, about +25% upside versus a price of 0.4000 THB (undervalued). Cautious scenario 0.3800 THB, optimistic scenario 0.6300 THB. The calculation is refreshed regularly with new filings.
What is the revenue of ARIP Public Company Limited (ARIP)?
ARIP Public Company Limited reported trailing-twelve-month revenue of about 230M THB (latest available figure, as of Nov 4, 2026).
Does ARIP Public Company Limited pay a dividend?
ARIP Public Company Limited currently shows a dividend yield of 5.00% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of ARIP Public Company Limited (ARIP) and when is the ex-dividend date?
ARIP Public Company Limited pays a dividend of 0.02 THB per share a year, a dividend yield of 5.0%. The last ex-dividend date was Mar 9, 2026. The payout ratio is 100% of earnings. Free cash flow covers the dividend 2.37 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into ARIP Public Company Limited (ARIP)?
For today's price to be fair in a discounted-cash-flow model, ARIP Public Company Limited would have to grow free cash flow by -23.4 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.6 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of ARIP use?
Our models discount ARIP Public Company Limited at 10.1 %: a base by market capitalisation (nano), damped by beta 0.47, 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 ARIP Public Company Limited that is -23.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has ARIP Public Company Limited (ARIP) delivered so far?
Over the past 5 years revenue at ARIP Public Company Limited grew +2.6 % a year. The price currently implies free-cash-flow growth of -23.4 % 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 ARIP Public Company Limited (ARIP) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into ARIP Public Company Limited (-23.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ARIP Public Company Limited (ARIP)?
The free-cash-flow yield on the price is 11.84 %: that much free cash flow ARIP Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ARIP Public Company Limited (ARIP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ARIP Public Company Limited it is 0.5000 THB per share (as of Nov 4, 2026), against a price of 0.4000 THB. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is ARIP Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, ARIP trades below its calculated fair value: price 0.4000 THB, fair value 0.5000 THB, a gap of about +25% (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 ARIP?
No. The price is what the market pays today (0.4000 THB); the fair value is what the company's own numbers justify (0.5000 THB). For ARIP Public Company Limited the two are 0.1000 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is ARIP Public Company Limited worth?
The market values ARIP Public Company Limited at about 186M THB (market capitalisation, as of Nov 4, 2026). Per share that is 0.4000 THB; our models calculate a fair value of 0.5000 THB per share.
What do the bullish and bearish scenarios say about ARIP?
Our models span a range for ARIP Public Company Limited: cautious scenario 0.3800 THB, base 0.5000 THB, optimistic 0.6300 THB per share (as of Nov 4, 2026, price 0.4000 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ARIP?
ARIP Public Company Limited trades at a price-to-earnings ratio of 20.0 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.5000 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 54.2. Other multiples: P/B 0.8, P/S 0.8, EV/EBITDA 8.4.
How solid is the balance sheet of ARIP Public Company Limited (ARIP)?
Balance-sheet figures for ARIP Public Company Limited (as of Nov 4, 2026): return on equity 4.3%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is ARIP from its 52-week high?
ARIP Public Company Limited trades at 0.4000 THB, about 17% below its 52-week high of 0.4800 THB and 13% above the low of 0.3536 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5000 THB is for.
Which stocks are comparable to ARIP Public Company Limited?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 ARIP Public Company Limited stock attractive at the current price?
The data as of Nov 4, 2026: price 0.4000 THB, calculated fair value 0.5000 THB (+25%), Quality Score 71/100, from 26 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 ARIP calculated?
We run ARIP Public Company Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.5000 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. ARIP Public Company Limited currently trades 20% 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 ARIP Public Company Limited (ARIP)?
The closing price on Nov 6, 2026 was 0.4000 THB. Our model-based fair value is 0.5000 THB, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ARIP Public Company Limited right now?
Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ARIP Public Company Limited
How large is the market capitalisation of ARIP Public Company Limited (ARIP)?
The market capitalisation of ARIP Public Company Limited is 186M THB (≈ $5.6M). 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 ARIP Public Company Limited (ARIP)?
The price-to-sales ratio of ARIP Public Company Limited is 0.81 (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 ARIP Public Company Limited (ARIP)?
Earnings per share at ARIP Public Company Limited are 0.0200 THB (price ÷ EPS = P/E 20.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ARIP Public Company Limited (ARIP)?
The dividend yield of ARIP Public Company Limited is 5.0% (payout 100%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ARIP Public Company Limited (ARIP)?
The net margin of ARIP Public Company Limited is 4.2% (last twelve months). 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 ARIP Public Company Limited (ARIP)?
The return on equity (ROE) of ARIP Public Company Limited is 4.3% (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 ARIP Public Company Limited (ARIP)?
On an EBIT basis the return on assets of ARIP Public Company Limited is 3.8% (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 ARIP Public Company Limited (ARIP)?
The operating margin of ARIP Public Company Limited is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ARIP Public Company Limited (ARIP)?
Revenue at ARIP Public Company Limited is growing −28.7% versus a year earlier (3y avg +4.1%). 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 ARIP Public Company Limited (ARIP)?
Earnings per share at ARIP Public Company Limited are growing −57.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does ARIP Public Company Limited (ARIP) hold?
ARIP Public Company Limited holds more cash than debt, 57.4M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 4, 2026