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Asian Alliance International Public Company (AAI) Fair Value & Analysis

Consumer Defensive · TH · Market cap 8.2B THB

AA Asian Alliance International Public Company AAI · BK
Price4.14 THB
Fair Value5.69 THB
Upside+37.4%
Quality60/100
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Healthy Growth
Thin margins · 9.1% net margin
Low debt · generates free cash flow
8.59% dividend yield
Ranks above peers (10/14)
Moderate moat 49/100
Evidence: High Range 3.66 THB – 7.13 THB Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Share price +6.2% over the past month.

A solid business, screening 37% undervalued on our models.

What matters now

  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (3.66 THB to 7.13 THB) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

6.83 THB 2.25 THB Fair Value 5.69 THB Nov 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

45‑month range 2.25 THB – 6.83 THB · fair‑value band 3.66 THB – 7.13 THB · the 4.14 THB price screens below the 5.69 THB fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Asian Alliance International Public Company (AAI) currently trades at 4.14 THB, while our model-based Fair Value estimate is 5.69 THB, implying the stock looks roughly 37.4% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Asian Alliance International Public Company generated revenue of 6.8B THB at a net margin of 9.1%. Revenue declined 16.1% year over year. It earns a return on equity of 12.0%. Net debt stands at 191M THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 3.66 THB (bear case) to 7.13 THB (bull case); at 4.14 THB, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 37%, AAI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 3.04 THB 4.97 THB 7.96 THB 80
Residual Income 2.26 THB 2.77 THB 5.16 THB 76
Rev-Margin DCF 2.88 THB 4.84 THB 7.27 THB 74
All 26 models by family
DCF Models
FCF DCF 3.04 THB 5.10 THB 8.38 THB 38
Owner Earnings 2.80 THB 4.69 THB 7.69 THB 31
5Y Revenue Exit 2.88 THB 4.87 THB 7.50 THB 39
5Y EBITDA Exit 3.61 THB 6.32 THB 9.64 THB 41
5Y P/E Exit 4.31 THB 7.72 THB 11.50 THB 38
10Y Revenue Exit 2.82 THB 4.67 THB 7.37 THB 36
10Y EBITDA Exit 3.37 THB 5.69 THB 9.05 THB 37
10Y P/E Exit 3.82 THB 6.67 THB 10.53 THB 35
Earnings-Based
Graham-Dodd 2.38 THB 9.65 THB 13.13 THB 54
Lynch FV 2.41 THB 3.45 THB 4.48 THB 50
PEG = 1.0 2.41 THB 3.45 THB 4.48 THB 46
EPV 2.56 THB 2.97 THB 3.32 THB 59
Dividend Discount
Gordon GGM 4.17 THB 8.31 THB 12.58 THB 70
DDM Multi-Stage 4.17 THB 7.18 THB 8.77 THB 61
Multiples
P/E Multiple 5.51 THB 7.35 THB 9.19 THB 63
P/S Multiple 3.97 THB 5.29 THB 6.61 THB 58
P/B Multiple 4.46 THB 5.95 THB 7.44 THB 55
EV/EBIT 4.03 THB 5.38 THB 6.74 THB 53
EV/EBITDA 4.31 THB 5.75 THB 7.20 THB 54
EV/Revenue 2.87 THB 4.11 THB 5.35 THB 43
Asset-Based
NCAV (Graham) 1.14 THB 1.53 THB 2.28 THB 50
Growth DCF
Growth DCF 3.04 THB 4.97 THB 7.96 THB 80
Rev-Margin DCF 2.88 THB 4.84 THB 7.27 THB 74
Economic Profit
Residual Income 2.26 THB 2.77 THB 5.16 THB 76
ROIC Compounder 2.67 THB 3.49 THB 4.60 THB 72
Growth Earnings
Growth-Adj P/E 4.20 THB 6.00 THB 7.80 THB 68

Widest divergence: Dividend Discount (7.18 THB) versus Asset-Based (1.53 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.8B THB
Revenue growth (YoY) -16.1%
Net margin 9.1%
Return on equity 12.0%
Free cash flow 557M THB FY2025
P/E ratio 13.4
More key figures
Operating margin 7.9%
EPS (TTM) 0.2900 THB
Dividend yield 8.6%
EPS growth (YoY) -46.6%
Net debt 191M THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 55

Profitability 63
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 52
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Asian Alliance International Public Company Limited, together with its subsidiaries, produces and sells pet food and ready-to-eat human food products in Thailand, the United States, the United Kingdom, Saudi Arabia, Japan, Italy, Germany, and internationally.

Full company description

Asian Alliance International Public Company Limited, together with its subsidiaries, produces and sells pet food and ready-to-eat human food products in Thailand, the United States, the United Kingdom, Saudi Arabia, Japan, Italy, Germany, and internationally. The company offers wet pet food products, such as soups, salads, fish and meat dishes, mousse, and pate, as well as dry pet food products for dogs and cats under the monchou, monchou balanced, Hajiko, and PRO brand names; and ready-to-eat human food products made of tuna, salmon, tilapia, sea bass, mackerel, and shrimp in sealed containers. It also engages in marketing and management activities, including investing in other business. Asian Alliance International Public Company Limited was founded in 2005 and is headquartered in Mueang Samut Sakhon, Thailand. Asian Alliance International Public Company Limited is a subsidiary of Asian Sea Corporation Public Company Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Asian Alliance International Public Company reported revenue of 7.0B THB in FY2025 versus 5.0B THB in FY2021, a compound +8.9%/yr. Reported net income was 741M THB in FY2025, compounding +3.2%/yr from FY2021.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
7.0B THB
Latest YoY
+2.2%
Avg. growth/yr (3Y)
−0.6%
Avg. growth/yr (5Y)
+9.2%
Avg. growth/yr (7Y)
+7.8%
Revenue +8.9%/yr
FY21 5.0B THB
FY22 7.1B THB
FY23 5.4B THB
FY24 6.8B THB
FY25 7.0B THB
Net income +3.2%/yr
FY21 653M THB
FY22 859M THB
FY23 383M THB
FY24 1.0B THB
FY25 741M THB

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Cite: Fair Value Calculator (2026). "Asian Alliance International Public Company Fair Value". https://www.fairvalue-calculator.com/stock/AAI

Peer Group

Packaged Foods · 653 stocks

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.

Quality Score 60 · Above median
Fair Value upside +37% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 8% · Above median
Revenue growth -16% · Bottom 25%
Dividend yield (TTM) 8.6% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 13.4× · Cheaper than median
P/B 1.70× · Pricier than median
P/S (TTM) 1.21× · Pricier than median
P/FCF 0.4× · Cheaper than median
EV/EBITDA 9.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 83 · sector 29
FUTURE 0 · sector 19
PAST 48 · sector 27
HEALTH 98 · sector 96
DIVIDEND 100 · sector 47

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Asian Alliance International Public Company (AAI) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 5.69 THB versus a price of 4.14 THB, about +37% (undervalued).
What is the fair value of AAI?
Our model-based fair value for Asian Alliance International Public Company is 5.69 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 4.14 THB.
What is the quality score of AAI?
Asian Alliance International Public Company has a Quality Score of 60/100. 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 revenue of Asian Alliance International Public Company (AAI)?
Asian Alliance International Public Company reported trailing-twelve-month revenue of about 6.8B THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of AAI?
The net profit margin of Asian Alliance International Public Company is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does Asian Alliance International Public Company pay a dividend?
Asian Alliance International Public Company currently shows a dividend yield of about 9.52% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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