Chase Asia PCL (CHASE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Chase Asia PCL stock THB 0.27, price THB 0.47, that is 42.6% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 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
44‑month range 0.4200 THB – 3.26 THB · fair‑value band 0.1800 THB – 0.3400 THB · the 0.4700 THB price screens above the 0.2700 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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Chase Asia Public Company Limited, together with its subsidiaries, provides debt tracking and collection services in Thailand. Its services include delinquent account collection, legal, letter, and training programs.
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The company also engages in the management of non-performing assets and the provision of lending services. The company was incorporated in 1998 and is headquartered in Nonthaburi, Thailand.
Stock analysis
Chase Asia PCL (CHASE) currently trades at 0.4700 THB, while our model-based Fair Value estimate is 0.2700 THB, 43% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 1.22 THB per share, and 4 of the 12 models we run sit above the 0.4700 THB price.
Bear case: the Dividend Discount group reads lowest at 0.1050 THB, and 8 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1800 THB (bear) to 0.3400 THB (bull), the price of 0.4700 THB sits above 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 47/100 (below-average 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.
Chase Asia PCL reported revenue of 737M THB in FY2025 versus 781M THB in FY2021, a compound −1.4%/yr. Reported net income was 2.2M THB in FY2025, compounding −69.9%/yr from FY2021.
Key figures
Market cap 934M THB (≈ $27.9M) Micro · P/S ratio 1.28 · Dividend yield 2.3% · Net margin −0.3% · Return on equity −0.1% · Return on assets (EBIT) 4.8% (5-year average) · Operating margin −4.7% · Revenue (TTM) 699M THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −3% fair-value upside, at −43%, CHASE screens richer than that median.
Fair Value models
Bear0.1800 THBFair Value 0.2700 THBBull0.3400 THB
Price 0.4700 THB · Downside -42.6%
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.4%
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.
+2.9%
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.
+0.2%
Start year 2020 (pandemic)
Revenue growth 6 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%
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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.
−57.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−59.6%
Dividend (yield on the price)2.3%
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.28% → 4%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+2.0%
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 +0.8% a year for the price.
Price, fair value, quality and upside side by side.
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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.Credit Services · 283 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−42.6% · Bottom 25%
Profitability
Return on assets0.1% · Bottom 25%
Net margin (12 months)−0.3% · Bottom 25%
Operating margin (12 months)−4.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−11.8% · Bottom 25%
Dividend yield (12 months)2.3% · Below median
Balance sheet
Debt / equity0.07× · Lowest 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
P/B0.27× · Cheapest 25%
P/S (12 months)1.34× · Cheapest 25%
Price / free cash flow (fiscal year)9.0× · Pricier than median
EV/EBITDA20.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 59
FUTURE (revenue growth)0· sector 57
PAST (return on equity)0· sector 39
HEALTH (low debt)97· sector 54
DIVIDEND (yield)46· sector 64
VALUE 0: the price sits above our fair-value range.
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). "Chase Asia PCL Fair Value". https://www.fairvalue-calculator.com/stock/CHASE
Frequently asked questions
Is Chase Asia PCL (CHASE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.2700 THB versus a price of 0.4700 THB, about 43% lower (overvalued).
What is the fair value of CHASE?
Our model-based fair value for Chase Asia PCL is 0.2700 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.4700 THB.
What is the quality score of CHASE?
Chase Asia PCL has a Quality Score of 47/100. 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 Chase Asia PCL (CHASE)?
Our model-based price target is the fair value of 0.2700 THB (as of Nov 7, 2026) from 12 valuation models. Cautious scenario 0.1800 THB, optimistic scenario 0.3400 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Chase Asia PCL stock forecast for 2026?
Our models put fair value at 0.2700 THB, about 43% lower versus a price of 0.4700 THB (overvalued). Cautious scenario 0.1800 THB, optimistic scenario 0.3400 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Chase Asia PCL (CHASE)?
Chase Asia PCL reported trailing-twelve-month revenue of about 699M THB (latest available figure, as of Nov 7, 2026).
Does Chase Asia PCL pay a dividend?
Chase Asia PCL currently shows a dividend yield of 2.31% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Chase Asia PCL (CHASE)?
Chase Asia PCL has a dividend yield of 2.3%.
What growth is priced into Chase Asia PCL (CHASE)?
For today's price to be fair in a discounted-cash-flow model, Chase Asia PCL would have to grow free cash flow by +2.0 % 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 +0.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CHASE use?
Our models discount Chase Asia PCL at 10.1 %: a base by market capitalisation (nano), damped by beta 0.32, 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 Chase Asia PCL that is +2.0 % 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 Chase Asia PCL (CHASE) delivered so far?
Over the past 5 years revenue at Chase Asia PCL grew +0.2 % a year. The price currently implies free-cash-flow growth of +2.0 % 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 Chase Asia PCL (CHASE) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Chase Asia PCL (+2.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chase Asia PCL (CHASE)?
The free-cash-flow yield on the price is 11.07 %: that much free cash flow Chase Asia PCL 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 Chase Asia PCL (CHASE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chase Asia PCL it is 0.2700 THB per share (as of Nov 7, 2026), against a price of 0.4700 THB. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Chase Asia PCL stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CHASE trades above its calculated fair value: price 0.4700 THB, fair value 0.2700 THB, a gap of about −43% (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 CHASE?
No. The price is what the market pays today (0.4700 THB); the fair value is what the company's own numbers justify (0.2700 THB). For Chase Asia PCL the two are 0.2000 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Chase Asia PCL worth?
The market values Chase Asia PCL at about 934M THB (market capitalisation, as of Nov 7, 2026). Per share that is 0.4700 THB; our models calculate a fair value of 0.2700 THB per share.
What do the bullish and bearish scenarios say about CHASE?
Our models span a range for Chase Asia PCL: cautious scenario 0.1800 THB, base 0.2700 THB, optimistic 0.3400 THB per share (as of Nov 7, 2026, price 0.4700 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Chase Asia PCL (CHASE)?
Balance-sheet figures for Chase Asia PCL (as of Nov 7, 2026): return on equity −0.1%, debt of 0.07 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is CHASE from its 52-week high?
Chase Asia PCL trades at 0.4700 THB, about 25% below its 52-week high of 0.6300 THB and 12% above the low of 0.4200 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2700 THB is for.
Which stocks are comparable to Chase Asia PCL?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Chase Asia PCL stock attractive at the current price?
The data as of Nov 7, 2026: price 0.4700 THB, calculated fair value 0.2700 THB (−43%), Quality Score 47/100, from 12 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 CHASE calculated?
We run Chase Asia PCL through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.2700 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. Chase Asia PCL 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 Chase Asia PCL (CHASE)?
The closing price on Nov 6, 2026 was 0.4700 THB. Our model-based fair value is 0.2700 THB, about 43% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chase Asia PCL right now?
The price sits above even our optimistic bull case (0.3400 THB). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 (0.1800 THB to 0.3400 THB) leaves room in how you read the outcome.
Key figures of Chase Asia PCL
How large is the market capitalisation of Chase Asia PCL (CHASE)?
The market capitalisation of Chase Asia PCL is 934M THB (≈ $27.9M). 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 Chase Asia PCL (CHASE)?
The price-to-sales ratio of Chase Asia PCL is 1.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Chase Asia PCL (CHASE)?
The dividend yield of Chase Asia PCL is 2.3%. 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 Chase Asia PCL (CHASE)?
The net margin of Chase Asia PCL is −0.3% (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 Chase Asia PCL (CHASE)?
The return on equity (ROE) of Chase Asia PCL is −0.1% (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 Chase Asia PCL (CHASE)?
On an EBIT basis the return on assets of Chase Asia PCL is 4.8% (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 Chase Asia PCL (CHASE)?
The operating margin of Chase Asia PCL is −4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chase Asia PCL (CHASE)?
Revenue at Chase Asia PCL is growing −11.8% versus a year earlier (3y avg +2.9%). 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 Chase Asia PCL (CHASE)?
Earnings per share at Chase Asia PCL are growing +205% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chase Asia PCL (CHASE) carry?
The net debt of Chase Asia PCL is 370M THB (fiscal year 2025, ≈ 3.6 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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Thin data
Nov 7, 2026