Star Money Public Company Limited (STARM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Star Money Public Company Limited stock THB 1.00, price THB 0.87, upside +14.9%, quality 69 out of 100. Rating: undervalued. 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 3, 2026.
How to read this chart
47‑month range 0.7000 THB – 2.17 THB · fair‑value band 0.8600 THB – 1.25 THB · the 0.8700 THB price screens below the 1.00 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Star Money Public Company Limited engages in the distribution of electrical appliances in Thailand. The company operates in four segments: Sales, Hire Purchase, Lending Business, and Others.
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It distributes electrical appliances, such as televisions, refrigerators, washing machines, air-conditioners, freezers, and smartphones . The company also provides car, motorcycle, agricultural vehicle, commercial vehicle loans; and car, fire, accident, health, and travel insurance brokerage services.
Star Money Public Company Limited was founded in 1987 and is headquartered in Rayong, Thailand.
Stock analysis
Star Money Public Company Limited (STARM) currently trades at 0.8700 THB, while our model-based Fair Value estimate is 1.00 THB, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 2.75 THB per share, and 9 of the 12 models we run sit above the 0.8700 THB price.
Bear case: the Dividend Discount group reads lowest at 0.3050 THB, and 3 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.8600 THB (bear) to 1.25 THB (bull), the price of 0.8700 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 69/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Star Money Public Company Limited reported revenue of 1.5B THB in FY2025 versus 1.2B THB in FY2021, a compound +5.0%/yr. Reported net income was 84.8M THB in FY2025, compounding −4.7%/yr from FY2021.
Key figures
Market cap 999M THB (≈ $29.9M) Micro · P/E ratio 10.9 · P/S ratio 0.69 · EPS (TTM) 0.0800 THB · Dividend yield 6.7% · Net margin 6.3% · Return on equity 7.7% · Return on assets (EBIT) 3.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 14% 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 15%, STARM screens cheaper than that median.
Fair Value models
Bear0.8600 THBFair Value 1.00 THBBull1.25 THB
Price 0.8700 THB · Upside +14.9%
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 (0.0189 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.57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.2%
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.
+2.7%
’21
’22
’23
’24
’25
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.
−62.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−68.7%
Dividend (yield on the price)6.7%
Profit margin 2021 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.9% → 7%
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).
−12.3%
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 −13.3% a year for the price.
Compare Star Money 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.Credit Services · 283 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside+14.9% · Below median
Profitability
Return on equity (12 months)7.7% · Below median
Return on assets3.0% · Above median
Net margin (12 months)6.3% · Bottom 25%
Operating margin (12 months)13.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−8.4% · Bottom 25%
Dividend yield (12 months)6.7% · Top 25%
Balance sheet
Debt / equity0.02× · Lowest 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). "Star Money Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/STARM
Frequently asked questions
Is Star Money Public Company Limited (STARM) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 1.00 THB versus a price of 0.8700 THB, about +15% upside (undervalued).
What is the fair value of STARM?
Our model-based fair value for Star Money Public Company Limited is 1.00 THB (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.8700 THB.
What is the quality score of STARM?
Star Money Public Company Limited has a Quality Score of 69/100. 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 Star Money Public Company Limited (STARM)?
Our model-based price target is the fair value of 1.00 THB (as of Nov 3, 2026) from 12 valuation models. Cautious scenario 0.8600 THB, optimistic scenario 1.25 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Star Money Public Company Limited stock forecast for 2026?
Our models put fair value at 1.00 THB, about +15% upside versus a price of 0.8700 THB (undervalued). Cautious scenario 0.8600 THB, optimistic scenario 1.25 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Star Money Public Company Limited (STARM)?
Star Money Public Company Limited reported trailing-twelve-month revenue of about 1.4B THB (latest available figure, as of Nov 3, 2026).
Does Star Money Public Company Limited pay a dividend?
Star Money Public Company Limited currently shows a dividend yield of 6.67% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Star Money Public Company Limited (STARM) and when is the ex-dividend date?
Star Money Public Company Limited pays a dividend of 0.058 THB per share a year, a dividend yield of 6.7%. The last ex-dividend date was May 6, 2026. The payout ratio is 72.5% of earnings. Free cash flow covers the dividend 6.55 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Star Money Public Company Limited (STARM)?
For today's price to be fair in a discounted-cash-flow model, Star Money Public Company Limited would have to grow free cash flow by -12.3 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +5.1 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of STARM use?
Our models discount Star Money Public Company Limited at 10.5 %: a base by market capitalisation (nano), damped by beta 0.64, 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 Star Money Public Company Limited that is -12.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Star Money Public Company Limited (STARM) delivered so far?
Over the past 4 years revenue at Star Money Public Company Limited grew +5.1 % a year. The price currently implies free-cash-flow growth of -12.3 % 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 Star Money Public Company Limited (STARM) growing?
The median revenue growth in the sector is +6.0 % a year. That is the yardstick for the growth priced into Star Money Public Company Limited (-12.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Star Money Public Company Limited (STARM)?
The free-cash-flow yield on the price is 43.65 %: that much free cash flow Star Money Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Star Money Public Company Limited (STARM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Star Money Public Company Limited it is 1.00 THB per share (as of Nov 3, 2026), against a price of 0.8700 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 Star Money Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 3, 2026, STARM trades below its calculated fair value: price 0.8700 THB, fair value 1.00 THB, a gap of about +15% (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 STARM?
No. The price is what the market pays today (0.8700 THB); the fair value is what the company's own numbers justify (1.00 THB). For Star Money Public Company Limited the two are 0.1300 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Star Money Public Company Limited worth?
The market values Star Money Public Company Limited at about 999M THB (market capitalisation, as of Nov 3, 2026). Per share that is 0.8700 THB; our models calculate a fair value of 1.00 THB per share.
What do the bullish and bearish scenarios say about STARM?
Our models span a range for Star Money Public Company Limited: cautious scenario 0.8600 THB, base 1.00 THB, optimistic 1.25 THB per share (as of Nov 3, 2026, price 0.8700 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of STARM?
Star Money Public Company Limited trades at a price-to-earnings ratio of 10.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.00 THB is built from several models across several years. Other multiples: P/B 0.8, P/S 0.7, EV/EBITDA 6.2.
How solid is the balance sheet of Star Money Public Company Limited (STARM)?
Balance-sheet figures for Star Money Public Company Limited (as of Nov 3, 2026): return on equity 7.7%, debt of 0.02 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is STARM from its 52-week high?
Star Money Public Company Limited trades at 0.8700 THB, about 12% below its 52-week high of 0.9900 THB and 14% above the low of 0.7653 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1.00 THB is for.
Which stocks are comparable to Star Money 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 Star Money Public Company Limited stock attractive at the current price?
The data as of Nov 3, 2026: price 0.8700 THB, calculated fair value 1.00 THB (+15%), Quality Score 69/100, 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 STARM calculated?
We run Star Money Public Company Limited 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 1.00 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. Star Money 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 Star Money Public Company Limited (STARM)?
The closing price on Nov 6, 2026 was 0.8700 THB. Our model-based fair value is 1.00 THB, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Star Money 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 Star Money Public Company Limited
How large is the market capitalisation of Star Money Public Company Limited (STARM)?
The market capitalisation of Star Money Public Company Limited is 999M THB (≈ $29.9M). 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 Star Money Public Company Limited (STARM)?
The price-to-sales ratio of Star Money Public Company Limited is 0.69 (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 Star Money Public Company Limited (STARM)?
Earnings per share at Star Money Public Company Limited are 0.0800 THB (price ÷ EPS = P/E 10.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Star Money Public Company Limited (STARM)?
The dividend yield of Star Money Public Company Limited is 6.7% (payout 72.5%). 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 Star Money Public Company Limited (STARM)?
The net margin of Star Money Public Company Limited is 6.3% (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 Star Money Public Company Limited (STARM)?
The return on equity (ROE) of Star Money Public Company Limited is 7.7% (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 Star Money Public Company Limited (STARM)?
On an EBIT basis the return on assets of Star Money Public Company Limited is 3.1% (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 Star Money Public Company Limited (STARM)?
The operating margin of Star Money Public Company Limited is 13.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Star Money Public Company Limited (STARM)?
Revenue at Star Money Public Company Limited is growing −8.4% versus a year earlier (3y avg +2.7%). 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 Star Money Public Company Limited (STARM)?
Earnings per share at Star Money Public Company Limited are growing +1.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Star Money Public Company Limited (STARM) carry?
The net debt of Star Money Public Company Limited is 1.3B THB (fiscal year 2025, ≈ 3.2 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 3, 2026