Muangthai Capital Public Company Limited (MTC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Muangthai Capital Public Company Limited stock THB 41.23, price THB 31.25, upside +31.9%, quality 45 out of 100. Rating: undervalued. Calculated from audited financials with 9 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 26.98 THB – 61.24 THB · fair‑value band 21.57 THB – 51.53 THB · the 31.25 THB price screens below the 41.23 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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Muangthai Capital Public Company Limited engages in the credit business in Thailand. It offers agricultural vehicle registration, motorcycle, and vehicle title loans; land title deed loans; and installment, personal/consumer, nano finance, and motorcycle hire purchase loans.
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The company also provides pay later loans for general and agricultural goods; and hire purchase and insurance brokerage services. In addition, it offers online insurance services.
The company was formerly known as Muangthai Leasing Public Company Limited and changed its name to Muangthai Capital Public Company Limited in April 2018. Muangthai Capital Public Company Limited was founded in 1992 and is headquartered in Bangkok, Thailand.
Stock analysis
Muangthai Capital Public Company Limited (MTC) currently trades at 31.25 THB, while our model-based Fair Value estimate is 41.23 THB, implying the stock looks roughly 24% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 111.22 THB per share, and 4 of the 9 models we run sit above the 31.25 THB price.
Bear case: the Asset-Based group reads lowest at 14.71 THB, and 5 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: 21.57 THB (bear) to 51.53 THB (bull), the price of 31.25 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 45/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Muangthai Capital Public Company Limited reported revenue of 28.7B THB in FY2025 versus 16.0B THB in FY2021, a compound +15.7%/yr. Reported net income was 6.7B THB in FY2025, compounding +8.0%/yr from FY2021.
Key figures
Market cap 66.3B THB (≈ $2.0B) Small · P/E ratio 9.2 · P/S ratio 2.99 · EPS (TTM) 3.41 THB · Dividend yield 0.9% · Net margin 32.6% · Return on equity 16.9% · Return on assets (EBIT) 5.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −3% fair-value upside, at 32%, MTC screens cheaper than that median.
Fair Value models
Bear21.57 THBFair Value 41.23 THBBull51.53 THB
Price 31.25 THB · Upside +31.9%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.67 THB per share) are deliberately not added.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.3%
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.
+13.4%
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.
+14.2%
Start year 2020 (pandemic). Over 10 years: +27.4% a year
Revenue growth 14 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.
+32.0%
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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.
+7.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.3%
Dividend (yield on the price)0.9%
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.6.3% vs 23.3%, 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.44% → 51%
News mood ⓘNews mood, the average tone of recent news (3 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare Muangthai Capital 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.Credit Services · 283 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+31.9% · Above median
Profitability
Return on equity (12 months)16.9% · Top 25%
Return on assets3.5% · Above median
Net margin (12 months)32.6% · Above median
Operating margin (12 months)45.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)8.4% · Below median
Dividend yield (12 months)0.9% · Below median
Balance sheet
Debt / equity2.92× · Highest 25%
Valuation Multiplesvs Credit Services 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). "Muangthai Capital Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/MTC
Frequently asked questions
Is Muangthai Capital Public Company Limited (MTC) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 41.23 THB versus a price of 31.25 THB, about +32% upside (undervalued).
What is the fair value of MTC?
Our model-based fair value for Muangthai Capital Public Company Limited is 41.23 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 31.25 THB.
What is the quality score of MTC?
Muangthai Capital Public Company Limited has a Quality Score of 45/100. 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 Muangthai Capital Public Company Limited (MTC)?
Our model-based price target is the fair value of 41.23 THB (as of Nov 7, 2026) from 9 valuation models. Cautious scenario 21.57 THB, optimistic scenario 51.53 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Muangthai Capital Public Company Limited stock forecast for 2026?
Our models put fair value at 41.23 THB, about +32% upside versus a price of 31.25 THB (undervalued). Cautious scenario 21.57 THB, optimistic scenario 51.53 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Muangthai Capital Public Company Limited (MTC)?
Muangthai Capital Public Company Limited reported trailing-twelve-month revenue of about 22.2B THB (latest available figure, as of Nov 7, 2026).
Does Muangthai Capital Public Company Limited pay a dividend?
Muangthai Capital Public Company Limited currently shows a dividend yield of 0.93% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Muangthai Capital Public Company Limited (MTC) and when is the ex-dividend date?
Muangthai Capital Public Company Limited pays a dividend of 0.29 THB per share a year, a dividend yield of 0.9%. The last ex-dividend date was Apr 28, 2026. A dividend has been paid every year since at least 2015. The payout ratio is 8.5% of earnings. Our assessment: Token dividend. At a yield of 0.9% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.9% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Muangthai Capital Public Company Limited (MTC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Muangthai Capital Public Company Limited it is 41.23 THB per share (as of Nov 7, 2026), against a price of 31.25 THB. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Muangthai Capital Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MTC trades below its calculated fair value: price 31.25 THB, fair value 41.23 THB, a gap of about +32% (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 MTC?
No. The price is what the market pays today (31.25 THB); the fair value is what the company's own numbers justify (41.23 THB). For Muangthai Capital Public Company Limited the two are 9.98 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Muangthai Capital Public Company Limited worth?
The market values Muangthai Capital Public Company Limited at about 66.3B THB (market capitalisation, as of Nov 7, 2026). Per share that is 31.25 THB; our models calculate a fair value of 41.23 THB per share.
What do the bullish and bearish scenarios say about MTC?
Our models span a range for Muangthai Capital Public Company Limited: cautious scenario 21.57 THB, base 41.23 THB, optimistic 51.53 THB per share (as of Nov 7, 2026, price 31.25 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MTC?
Muangthai Capital Public Company Limited trades at a price-to-earnings ratio of 9.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 41.23 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 24.6. Other multiples: PEG 0.5, P/B 1.5, P/S 3.0, EV/EBITDA 11.6.
What is the PEG ratio of MTC?
The PEG ratio of Muangthai Capital Public Company Limited is 0.48 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Muangthai Capital Public Company Limited (MTC)?
Balance-sheet figures for Muangthai Capital Public Company Limited (as of Nov 7, 2026): return on equity 16.9%, debt of 2.92 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is MTC from its 52-week high?
Muangthai Capital Public Company Limited trades at 31.25 THB, about 21% below its 52-week high of 39.36 THB and 16% above the low of 26.98 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 41.23 THB is for.
Which stocks are comparable to Muangthai Capital Public Company Limited?
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 Muangthai Capital Public Company Limited stock attractive at the current price?
The data as of Nov 7, 2026: price 31.25 THB, calculated fair value 41.23 THB (+32%), Quality Score 45/100, from 9 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 MTC calculated?
We run Muangthai Capital Public Company Limited through 9 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 41.23 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 13.0% above its aggregate fair value. Muangthai Capital Public Company Limited currently trades 24% 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 Muangthai Capital Public Company Limited (MTC)?
The closing price on Nov 6, 2026 was 31.25 THB. Our model-based fair value is 41.23 THB, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Muangthai Capital Public Company Limited right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. 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 (21.57 THB to 51.53 THB) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Muangthai Capital Public Company Limited (MTC) come from?
Earnings per share at Muangthai Capital Public Company Limited grew +22.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +27.5 %, EBIT margin −1.3 %, tax rate −0.1 %, residual (interest, one-offs) −2.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Muangthai Capital Public Company Limited
How large is the market capitalisation of Muangthai Capital Public Company Limited (MTC)?
The market capitalisation of Muangthai Capital Public Company Limited is 66.3B THB (≈ $2.0B). 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 Muangthai Capital Public Company Limited (MTC)?
The price-to-sales ratio of Muangthai Capital Public Company Limited is 2.99 (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 Muangthai Capital Public Company Limited (MTC)?
Earnings per share at Muangthai Capital Public Company Limited are 3.41 THB (price ÷ EPS = P/E 9.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Muangthai Capital Public Company Limited (MTC)?
The dividend yield of Muangthai Capital Public Company Limited is 0.9% (payout 8.5%). 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 Muangthai Capital Public Company Limited (MTC)?
The net margin of Muangthai Capital Public Company Limited is 32.6% (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 Muangthai Capital Public Company Limited (MTC)?
The return on equity (ROE) of Muangthai Capital Public Company Limited is 16.9% (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 Muangthai Capital Public Company Limited (MTC)?
On an EBIT basis the return on assets of Muangthai Capital Public Company Limited is 5.4% (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 Muangthai Capital Public Company Limited (MTC)?
The operating margin of Muangthai Capital Public Company Limited is 45.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Muangthai Capital Public Company Limited (MTC)?
Revenue at Muangthai Capital Public Company Limited is growing +8.4% versus a year earlier (3y avg +13.4%). 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 Muangthai Capital Public Company Limited (MTC)?
Earnings per share at Muangthai Capital Public Company Limited are growing +15.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Muangthai Capital Public Company Limited (MTC) generate?
The free cash flow of Muangthai Capital Public Company Limited is −10.4B 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 Muangthai Capital Public Company Limited (MTC) carry?
The net debt of Muangthai Capital Public Company Limited is 142B 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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Nov 7, 2026