Siamese Asset Public Company Limited (SA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Siamese Asset Public Company Limited stock THB 1.65, price THB 6.90, that is 76.1% below the price, quality 25 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 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 8, 2026.
How to read this chart
60‑month range 6.36 THB – 14.43 THB · fair‑value band 1.24 THB – 2.06 THB · the 6.90 THB price screens above the 1.65 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Siamese Asset Public Company Limited engages in the real estate development business in Thailand. The company operates through Property Development, Service, and Hotel, Rental, and Other segments.
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It develops, manages, and sells residential real estate projects, which include single houses, condominiums, and townhouses.
The company also offers consulting and management; juristic person management; health and services; space and kitchen equipment and real estate rental; and hotel management services, as well as operates training center.
In addition, it engages in restaurant and beverage, restaurant, asset management, technology, and investment businesses, as well as health and wellness business, such as spa services. The company was incorporated in 2010 and is headquartered in Bangkok, Thailand.
Stock analysis
Siamese Asset Public Company Limited (SA) currently trades at 6.90 THB, while our model-based Fair Value estimate is 1.65 THB, 76% 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 4.57 THB per share, and 1 of the 6 models we run sit above the 6.90 THB price.
Bear case: the Dividend Discount group reads lowest at 0.8600 THB, and 5 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.24 THB (bear) to 2.06 THB (bull), the price of 6.90 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 25/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Siamese Asset Public Company Limited reported revenue of 2.3B THB in FY2025 versus 2.2B THB in FY2021, a compound +1.7%/yr. Reported net income was 116M THB in FY2025, compounding −5.6%/yr from FY2021.
Key figures
Market cap 8.3B THB (≈ $247M) Micro · P/E ratio 345.0 · P/S ratio 17.2 · Dividend yield 1.2% · Net margin 5.0% · Return on equity 1.2% · Return on assets (EBIT) 1.8% (5-year average) · Operating margin 13.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 4% 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 −76%, SA screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.8400 THB to 7.49 THB). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear1.24 THBFair Value 1.65 THBBull2.06 THB
Price 6.90 THB · Downside -76.1%
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.6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−48.8%
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.
+4.8%
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.
−7.3%
Start year 2020 (pandemic). Over 10 years: +7.1% a year
Revenue growth 13 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.
+18.8%
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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.
−22.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.4%
Dividend (yield on the price)1.2%
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.−23.4% vs 5.1%, 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.28% → 5%
Compare Siamese Asset Public Company Limited with another stock
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.Real Estate - Development · 489 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside−76.1% · Bottom 25%
Profitability
Return on equity (12 months)1.2% · Below median
Return on assets0.5% · Below median
Net margin (12 months)2.4% · Below median
Operating margin (12 months)13.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)25.7% · Above median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity1.59× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (12 months)345.0× · Priciest 25%
P/B1.49× · Priciest 25%
P/S (12 months)3.75× · Pricier than median
EV/EBITDA59.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 68
FUTURE (revenue growth)100· sector 0
PAST (return on equity)5· sector 17
HEALTH (low debt)20· sector 83
DIVIDEND (yield)24· sector 61
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). "Siamese Asset Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SA
Frequently asked questions
Is Siamese Asset Public Company Limited (SA) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 1.65 THB versus a price of 6.90 THB, about 76% lower (overvalued).
What is the fair value of SA?
Our model-based fair value for Siamese Asset Public Company Limited is 1.65 THB (as of Nov 8, 2026), built from audited fundamentals. The current price: 6.90 THB.
What is the quality score of SA?
Siamese Asset Public Company Limited has a Quality Score of 25/100. 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 Siamese Asset Public Company Limited (SA)?
Our model-based price target is the fair value of 1.65 THB (as of Nov 8, 2026) from 6 valuation models. Cautious scenario 1.24 THB, optimistic scenario 2.06 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Siamese Asset Public Company Limited stock forecast for 2026?
Our models put fair value at 1.65 THB, about 76% lower versus a price of 6.90 THB (overvalued). Cautious scenario 1.24 THB, optimistic scenario 2.06 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Siamese Asset Public Company Limited (SA)?
Siamese Asset Public Company Limited reported trailing-twelve-month revenue of about 2.2B THB (latest available figure, as of Nov 8, 2026).
Does Siamese Asset Public Company Limited pay a dividend?
Siamese Asset Public Company Limited currently shows a dividend yield of 1.18% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Siamese Asset Public Company Limited (SA)?
Siamese Asset Public Company Limited has a dividend yield of 1.2%.
What is the intrinsic value of Siamese Asset Public Company Limited (SA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Siamese Asset Public Company Limited it is 1.65 THB per share (as of Nov 8, 2026), against a price of 6.90 THB. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Siamese Asset Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SA trades above its calculated fair value: price 6.90 THB, fair value 1.65 THB, a gap of about −76% (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 SA?
No. The price is what the market pays today (6.90 THB); the fair value is what the company's own numbers justify (1.65 THB). For Siamese Asset Public Company Limited the two are 5.25 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Siamese Asset Public Company Limited worth?
The market values Siamese Asset Public Company Limited at about 8.3B THB (market capitalisation, as of Nov 8, 2026). Per share that is 6.90 THB; our models calculate a fair value of 1.65 THB per share.
What do the bullish and bearish scenarios say about SA?
Our models span a range for Siamese Asset Public Company Limited: cautious scenario 1.24 THB, base 1.65 THB, optimistic 2.06 THB per share (as of Nov 8, 2026, price 6.90 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SA?
Siamese Asset Public Company Limited trades at a price-to-earnings ratio of 345.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.65 THB is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 44.1. Other multiples: P/B 1.5, P/S 3.7, EV/EBITDA 59.4.
How solid is the balance sheet of Siamese Asset Public Company Limited (SA)?
Balance-sheet figures for Siamese Asset Public Company Limited (as of Nov 8, 2026): return on equity 1.2%, debt of 1.59 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is SA from its 52-week high?
Siamese Asset Public Company Limited trades at 6.90 THB, about 5% below its 52-week high of 7.30 THB and 4% above the low of 6.65 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1.65 THB is for.
Which stocks are comparable to Siamese Asset 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 Siamese Asset Public Company Limited stock attractive at the current price?
The data as of Nov 8, 2026: price 6.90 THB, calculated fair value 1.65 THB (−76%), Quality Score 25/100, from 6 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 SA calculated?
We run Siamese Asset Public Company Limited through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 1.65 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. Siamese Asset Public Company Limited 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 Siamese Asset Public Company Limited (SA)?
The closing price on Nov 6, 2026 was 6.90 THB. Our model-based fair value is 1.65 THB, about 76% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Siamese Asset Public Company Limited right now?
The price sits above even our optimistic bull case (2.06 THB). The favourable scenario is already priced in. Weak quality (25/100) 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Siamese Asset Public Company Limited
How large is the market capitalisation of Siamese Asset Public Company Limited (SA)?
The market capitalisation of Siamese Asset Public Company Limited is 8.3B THB (≈ $247M). 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 Siamese Asset Public Company Limited (SA)?
The price-to-sales ratio of Siamese Asset Public Company Limited is 17.2 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Siamese Asset Public Company Limited (SA)?
The dividend yield of Siamese Asset Public Company Limited is 1.2%. 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 Siamese Asset Public Company Limited (SA)?
The net margin of Siamese Asset Public Company Limited is 5.0% (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 Siamese Asset Public Company Limited (SA)?
The return on equity (ROE) of Siamese Asset Public Company Limited is 1.2% (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 Siamese Asset Public Company Limited (SA)?
On an EBIT basis the return on assets of Siamese Asset Public Company Limited is 1.8% (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 Siamese Asset Public Company Limited (SA)?
The operating margin of Siamese Asset Public Company Limited is 13.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Siamese Asset Public Company Limited (SA)?
Revenue at Siamese Asset Public Company Limited is growing +25.7% versus a year earlier (3y avg +4.8%). 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 Siamese Asset Public Company Limited (SA)?
Earnings per share at Siamese Asset Public Company Limited are growing −98.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Siamese Asset Public Company Limited (SA) generate?
The free cash flow of Siamese Asset Public Company Limited is −1.4B 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 Siamese Asset Public Company Limited (SA) carry?
The net debt of Siamese Asset Public Company Limited is 14.4B 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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Thin data
Nov 8, 2026