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STOCK COMPARISON

Thanachart Capital Public Company vs Visa Inc. Class A: Fair Value & Quality

Both stocks run through our valuation models. Here is how Thanachart Capital Public Company (TCAP) and Visa Inc. Class A (V) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Visa Inc. Class A as the less overvalued of the two: Thanachart Capital Public Company trades at THB 84.25 versus a fair value of THB 51.83 (-38%), while Visa Inc. Class A trades at $362 versus $227 (-37%).
Thanachart Capital Public Company
TCAP.BK · THB · Financials
-38%
upside to fair value
overvalued
PriceTHB 84.25
Fair ValueTHB 51.83
Quality65/100
Visa Inc. Class A
V · USD · Financials
-37%
upside to fair value
overvalued
Price$362
Fair Value$227
Quality82/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Thanachart Capital Public CompanyVisa Inc. Class A
Valuation
10.8×P/E (TTM)30.4×
8.04×P/S (TTM)16.60×
1.10×P/B18.84× · book value is mostly goodwill
40.2×EV/EBITDA23.7×
0.44×PEG1.53×
−38.5%Fair value upside−37.1%
4.2%Dividend yield0.7%
THB 3.50Dividend per share$2.60
Profitability
87%Operating margin67%
1.33×EBIT margin trend (5Y)0.93×
10%Return on equity60%
5%Return on assets19%
Growth
26%Revenue growth (YoY)17%
6.1%Avg. growth/yr (3Y)10.9%
0.9%Avg. growth/yr (5Y)12.9%
+7.6%Value creation/yr+16.5%
Balance & size
4.7×Interest coverage (EBIT/interest)40.7×
0.65×Debt / equity0.52×
$3BMarket cap$714B
weakGrowth qualityhealthy

Visa Inc. Class A leads: 6 to 9 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Thanachart Capital Public Companyof which business quality 63 · market factors 94 Visa Inc. Class Aof which business quality 76 · market factors 64
ProfitabilityMargins and returns on capital today
41
76
Quality GrowthAre margins and returns improving?
49
41
CashflowEarnings quality: real cash, not paper profit
80
85
Fin. StrengthBalance sheet, leverage, solvency risk
49
71
InvestmentDisciplined investing over empire-building
89
85
Low VolatilityCalm price path (market factor)
90
83
MomentumPrice trend over the last 3–12 months (market factor)
96
56
52W MomentumDistance to the 52-week high (market factor)
94
57
Net IssuanceShare count: buybacks or dilution?
82
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyThanachart Capital Public CompanyPrice THB 84.25Visa Inc. Class APrice $362
DCF Models-36%below the priceTHB 54.09-34%below the price$238
Earnings-Based-13%close to the priceTHB 72.99-26%below the price$269
Dividend Discount-58%below the priceTHB 35.34n/a
Multiples+21%above the priceTHB 102-74%below the price$94.55
Asset-Based-39%below the priceTHB 51.44-96%below the price$15.30
Growth DCF-57%below the priceTHB 35.83-38%below the price$224
Economic Profit-14%close to the priceTHB 72.42-47%below the price$190
Minimum-58%below the priceTHB 35.34-96%below the price$15.30
Maximum+21%above the priceTHB 102-26%below the price$269
Median-36%below the priceTHB 54.09-43%below the price$207
Geometric mean-33%below the priceTHB 56.75-65%below the price$126

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Thanachart Capital Public Company: 10 of 12 models see the stock below the current price.

Visa Inc. Class A: 10 of 11 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Thanachart Capital Public Company
Price THB 84.25
Fair Value THB 51.83
Bear THB 38.35Bull THB 85.51
Visa Inc. Class A
Price $362
Fair Value $227
Bear $119Bull $536

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Thanachart Capital Public Company · Financials

Quality score65 · Top 25%
Fair value upside-38% · bottom 25%

Visa Inc. Class A · Financials

Quality score82 · Top 25%
Fair value upside-37% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Visa Inc. Class A as the less overvalued of the two: Thanachart Capital Public Company trades at THB 84.25 versus a fair value of THB 51.83 (-38%), while Visa Inc. Class A trades at $362 versus $227 (-37%).

Visa Inc. Class A has the higher quality score (82/100).

Open Visa Inc. Class A live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.