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Finansa Public Company Limited (FNS) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Finansa Public Company Limited stock THB 0.51, price THB 0.45, upside +14.3%, quality 28 out of 100. Rating: fairly valued. 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 TH0686010Z06

FP Finansa Public Company Limited logo Thin data Nov 10, 2026

Finansa Public Company Limited

FNS · BK
Fairly valued, weak quality

The stock costs 13% less than our calculation considers fair.

Revenue last quarter +28% vs. a year ago.
Fair value 0.5144 THB · Fairly valued
Mixed Growth (revenue 5y −12.4 %/yr in THB)
Mixed vs. peers (4/10)
Quality 28/100
Loss-making · -178.6% net margin (FY2025)
High debt
Negative free cash flow
Narrow moat 6/100 · 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

4.16 THB 0.4300 THB Fair Value 0.5144 THB May 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 0.4300 THB – 4.16 THB · fair‑value band 0.3858 THB – 0.6429 THB · the 0.4500 THB price screens below the 0.5144 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 10, 2026.

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Company profile

FNS Holdings Public Company Limited, together with its subsidiaries, provides various financial services in Thailand. It operates through two segments: Investment, Advisory, and Management Business; and Health and Wellness Center.

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The company invests in and provides finance and management advisory services. It also provides holistic healthcare; health and wellness; finance and management advisory; and investment advisory services.

The company was formerly known as Finansa Public Company Limited and changed its name to FNS Holdings Public Company Limited in May 2022. FNS Holdings Public Company Limited was incorporated in 1989 and is based in Bangkok, Thailand.

Stock analysis

Finansa Public Company Limited (FNS) currently trades at 0.4500 THB, while our estimate is 0.5144 THB, so the stock looks roughly fairly valued today (gap 12.5%).

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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: 0.3858 THB (bear) to 0.6429 THB (bull), the price of 0.4500 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 28/100 (below-average quality), in the Financial Services sector.

Mixed Growth: Spin-off in 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.

Finansa Public Company Limited reported revenue of 387M THB in FY2025 versus 43.7M THB in FY2021, a compound +72.5%/yr. Reported net income was −691M THB in FY2025.

Key figures

Market cap 225M THB (≈ $6.7M) Micro · P/S ratio 0.61 · EPS (TTM) −1.48 THB · Return on equity −59.6% · Return on assets (EBIT) −6.3% (5-year average) · Operating margin −102% · Revenue (TTM) 353M THB · Revenue growth (YoY) +27.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 54% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −19% fair-value upside, at 14%, FNS screens cheaper than that median.

Fair Value

Bear 0.3858 THB Fair Value 0.5144 THB Bull 0.6429 THB
Price 0.4500 THB · Upside +14.3%
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 28/100

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

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 59
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 26
Debt, balance sheet and risk of trouble
Investment 78
Does it invest with discipline instead of growing at any price?
Low Volatility 48
How calm the share price moves, does not count
Price momentum 18
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 46
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. 55/100
Spin-off in 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.
Revenue growth 1 year
+40.2%
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.
+63.5%
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.
−12.4%
Start year 2020 (pandemic). Over 10 years: −2.4% a year
Revenue growth 12 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.
+9.1%
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.
28.7% (2020) → −125.8% (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

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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.Asset Management · 658 stocks

Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 28 · Bottom 25%
Fair Value upside +14.3% · Above median
Profitability
Return on assets −27.3% · Bottom 25%
Net margin (12 months) −178.6% · Bottom 25%
Operating margin (12 months) −101.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 27.9% · Above median
Balance sheet
Debt / equity 7.17× · Highest 25%

Valuation Multiplesvs Asset Management median · lower = cheaper

P/B 0.19× · Cheapest 25%
P/S (12 months) 0.64× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)52 · sector 37
FUTURE (revenue growth)100 · sector 36
PAST (return on equity)0 · sector 23
HEALTH (low debt)0 · sector 95
DIVIDEND (yield)0 · sector 78

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 Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Raymond James Financial, Inc RJF $168.11 $281.42 +67% vs FNS
Apollo Global Management, Inc APO $122.74 $197.52 +61% vs FNS
Ameriprise Financial, Inc AMP $519.96 $609.56 +17% vs FNS
Exor N.V EXO €74.30 €76.42 +3% vs FNS
State Street Corporation STT $171.62 $139.37 −19% vs FNS
Ares Management Corporation ARES $139.41 $99.35 −29% vs FNS
Northern Trust Corporation NTRS $177.89 $123.42 −31% vs FNS
Brookfield Asset Management Ltd BAM $53.49 $31.26 −42% vs FNS
Blackstone Inc BX $122.53 $52.29 −57% vs FNS
KKR & Co KKR $100.85 $27.63 −73% vs FNS

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Finansa Public Company Limited: fair value per Fair Value Calculator

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

Frequently asked questions

Is Finansa Public Company Limited (FNS) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is 0.5144 THB versus a price of 0.4500 THB, about +14% upside (fairly valued).
What is the fair value of FNS?
Our estimate for Finansa Public Company Limited is 0.5144 THB (as of Nov 10, 2026), built from audited fundamentals. The current price: 0.4500 THB.
What is the quality score of FNS?
Finansa Public Company Limited has a Quality Score of 28/100. 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 Finansa Public Company Limited (FNS)?
Our calculated price target is the estimate of 0.5144 THB (as of Nov 10, 2026). Cautious scenario 0.3858 THB, optimistic scenario 0.6429 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 Finansa Public Company Limited stock forecast for 2026?
Our estimate puts fair value at 0.5144 THB, about +14% upside versus a price of 0.4500 THB (fairly valued). Cautious scenario 0.3858 THB, optimistic scenario 0.6429 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Finansa Public Company Limited (FNS)?
Finansa Public Company Limited reported trailing-twelve-month revenue of about 353M THB (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Finansa Public Company Limited (FNS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Finansa Public Company Limited it is 0.5144 THB per share (as of Nov 10, 2026), against a price of 0.4500 THB.
Is Finansa Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, FNS trades below its calculated fair value: price 0.4500 THB, fair value 0.5144 THB, a gap of about +14% (fairly valued). 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 FNS?
No. The price is what the market pays today (0.4500 THB); the fair value is what the company's own numbers justify (0.5144 THB). For Finansa Public Company Limited the two are 0.0644 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Finansa Public Company Limited worth?
The market values Finansa Public Company Limited at about 225M THB (market capitalisation, as of Nov 10, 2026). Per share that is 0.4500 THB; our models calculate a fair value of 0.5144 THB per share.
What do the bullish and bearish scenarios say about FNS?
Our models span a range for Finansa Public Company Limited: cautious scenario 0.3858 THB, base 0.5144 THB, optimistic 0.6429 THB per share (as of Nov 10, 2026, price 0.4500 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Finansa Public Company Limited (FNS)?
Balance-sheet figures for Finansa Public Company Limited (as of Nov 10, 2026): return on equity −59.6%, debt of 7.17 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is FNS from its 52-week high?
Finansa Public Company Limited trades at 0.4500 THB, about 54% below its 52-week high of 0.9800 THB and 5% above the low of 0.4300 THB (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5144 THB is for.
Which stocks are comparable to Finansa Public Company Limited?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Asset Management Ltd, Apollo Global Management, 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 Finansa Public Company Limited stock attractive at the current price?
The data as of Nov 10, 2026: price 0.4500 THB, calculated fair value 0.5144 THB (+14%), Quality Score 28/100. 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. Finansa Public Company Limited currently trades 13% 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 Finansa Public Company Limited (FNS)?
The closing price on Nov 10, 2026 was 0.4500 THB. Our estimate is 0.5144 THB, about +14% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Finansa Public Company Limited right now?
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 Finansa Public Company Limited

How large is the market capitalisation of Finansa Public Company Limited (FNS)?
The market capitalisation of Finansa Public Company Limited is 225M THB (≈ $6.7M). 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 Finansa Public Company Limited (FNS)?
The price-to-sales ratio of Finansa Public Company Limited is 0.61 (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 Finansa Public Company Limited (FNS)?
Earnings per share at Finansa Public Company Limited are −1.48 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Finansa Public Company Limited (FNS)?
The return on equity (ROE) of Finansa Public Company Limited is −59.6% (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 Finansa Public Company Limited (FNS)?
On an EBIT basis the return on assets of Finansa Public Company Limited is −6.3% (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 Finansa Public Company Limited (FNS)?
The operating margin of Finansa Public Company Limited is −102% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Finansa Public Company Limited (FNS)?
Revenue at Finansa Public Company Limited is growing +27.9% versus a year earlier (3y avg +63.5%). 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 Finansa Public Company Limited (FNS)?
Earnings per share at Finansa Public Company Limited are growing −44.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Finansa Public Company Limited (FNS) generate?
The free cash flow of Finansa Public Company Limited is −278M 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 Finansa Public Company Limited (FNS) carry?
The net debt of Finansa Public Company Limited is 1.1B THB (fiscal year 2025). 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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