AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of AEON Thana Sinsap (Thailand) Public Company Limited THB 176, price THB 96.50, upside +82.8%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 84.74 THB – 191.78 THB · fair‑value band 93.01 THB – 292.11 THB · the 96.50 THB price screens below the 176.40 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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AEON Thana Sinsap (Thailand) Public Company Limited provides various retail finance services in Thailand and internationally. It operates through Retail Finance Services and Other Business segments.
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AEON Thana Sinsap (Thailand) Public Company Limited provides various retail finance services in Thailand and internationally. It operates through Retail Finance Services and Other Business segments. The company offers credit cards, hire purchase, personal loans, and other services; and debt collection and insurance brokerage services, as well as microfinance services. In addition, it engages in non-life and life insurance brokerage services; retail finance business; securitization projects; and non-performing assets management business. The company was founded in 1992 and is headquartered in Bangkok, Thailand.
Stock analysis
AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) currently trades at 96.50 THB, while our model-based Fair Value estimate is 176.40 THB, implying the stock looks roughly 45.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 248.52 THB per share, and 10 of the 13 models we run sit above the 96.50 THB price.
Bear case: the Dividend Discount group reads lowest at 72.81 THB, and 3 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: 93.01 THB (bear) to 292.11 THB (bull), the price of 96.50 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 66/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
AEON Thana Sinsap (Thailand) Public Company Limited reported revenue of 19.1B THB in FY2026 versus 19.4B THB in FY2022, a compound −0.4%/yr. Reported net income was 3.1B THB in FY2026, compounding −3.4%/yr from FY2022.
Key figures
Market cap 27.2B THB (≈ $816M) · P/E ratio 7.7 · P/S ratio 1.25 · EPS (TTM) 12.55 THB · Dividend yield 5.7% · Net margin 16.2% · Return on equity 11.4% · Return on assets (EBIT) 4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at 83%, AEONTS screens cheaper than that median.
Fair Value models
Bear 93.01 THBFair Value 176.40 THBBull 292.11 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (4.02 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.Evidence ⓘEvidence = 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.2%
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.
−2.6%
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.
−1.0%
Start year 2021 (pandemic). Over 10 years: +1.2% a year
Revenue growth 25 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.
+12.0%
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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.
+2.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.4%
Dividend (yield on the price)5.7%
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.−3% vs 3%, slowing
Profit margin 2021 to 2026 ⓘ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.23% → 21%
Start year 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
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).
+3.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +1.8% a year for the price and +1.3% for the forecasts.
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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 · 330 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+83% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets3% · Above median
Net margin (TTM)27% · Above median
Operating margin (TTM)36% · Above median
Growth and dividend
Revenue growth−5% · Bottom 25%
Dividend yield (TTM)5.7% · Top 25%
Balance sheet
Debt / equity1.16× · Above median
Valuation Multiplesvs Credit Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "AEON Thana Sinsap (Thailand) Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/AEONTS
Frequently asked questions
Is AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 176.40 THB versus a price of 96.50 THB, about +83% upside (undervalued).
What is the fair value of AEONTS?
Our model-based fair value for AEON Thana Sinsap (Thailand) Public Company Limited is 176.40 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 96.50 THB.
What is the quality score of AEONTS?
AEON Thana Sinsap (Thailand) Public Company Limited has a Quality Score of 66/100. 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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
Our model-based price target is the fair value of 176.40 THB (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 93.01 THB, optimistic scenario 292.11 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the AEON Thana Sinsap (Thailand) Public Company Limited stock forecast for 2026?
Our models put fair value at 176.40 THB, about +83% upside versus a price of 96.50 THB (undervalued). Cautious scenario 93.01 THB, optimistic scenario 292.11 THB. The calculation is refreshed regularly with new filings.
What is the revenue of AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
AEON Thana Sinsap (Thailand) Public Company Limited reported trailing-twelve-month revenue of about 11.7B THB (latest available figure, as of Sep 24, 2026).
Does AEON Thana Sinsap (Thailand) Public Company Limited pay a dividend?
AEON Thana Sinsap (Thailand) Public Company Limited currently shows a dividend yield of about 5.70% relative to its recent price (as of Sep 24, 2026).
What growth is priced into AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
For today's price to be fair in a discounted-cash-flow model, AEON Thana Sinsap (Thailand) Public Company Limited would have to grow free cash flow by +3.0 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AEONTS use?
Our models discount AEON Thana Sinsap (Thailand) Public Company Limited at 11.6 %: a base by market capitalisation (small), damped by beta 0.23, 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 AEON Thana Sinsap (Thailand) Public Company Limited that is +3.0 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) delivered so far?
Over the past 5 years revenue at AEON Thana Sinsap (Thailand) Public Company Limited grew -1.0 % a year. The price currently implies +3.0 % per year free-cash-flow growth a 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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into AEON Thana Sinsap (Thailand) Public Company Limited (+3.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
The free-cash-flow yield on the price is 27.38 %: that much free cash flow AEON Thana Sinsap (Thailand) Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AEON Thana Sinsap (Thailand) Public Company Limited it is 176.40 THB per share (as of Sep 24, 2026), against a price of 96.50 THB. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is AEON Thana Sinsap (Thailand) Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AEONTS trades below its calculated fair value: price 96.50 THB, fair value 176.40 THB, a gap of about +83% (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 AEONTS?
No. The price is what the market pays today (96.50 THB); the fair value is what the company's own numbers justify (176.40 THB). For AEON Thana Sinsap (Thailand) Public Company Limited the two are 79.90 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is AEON Thana Sinsap (Thailand) Public Company Limited worth?
The market values AEON Thana Sinsap (Thailand) Public Company Limited at about 27.2B THB (market capitalisation, as of Sep 24, 2026). Per share that is 96.50 THB; our models calculate a fair value of 176.40 THB per share.
What do the bullish and bearish scenarios say about AEONTS?
Our models span a range for AEON Thana Sinsap (Thailand) Public Company Limited: cautious scenario 93.01 THB, base 176.40 THB, optimistic 292.11 THB per share (as of Sep 24, 2026, price 96.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AEONTS?
AEON Thana Sinsap (Thailand) Public Company Limited trades at a price-to-earnings ratio of 7.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 176.40 THB is built from several models across several years. Other multiples: PEG 0.7, P/B 1.0, P/S 2.3, EV/EBITDA 12.1.
What is the PEG ratio of AEONTS?
The PEG ratio of AEON Thana Sinsap (Thailand) Public Company Limited is 0.65 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
Balance-sheet figures for AEON Thana Sinsap (Thailand) Public Company Limited (as of Sep 24, 2026): return on equity 11.4%, debt of 1.16 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is AEONTS from its 52-week high?
AEON Thana Sinsap (Thailand) Public Company Limited trades at 96.50 THB, about 14% below its 52-week high of 112.71 THB and 14% above the low of 84.74 THB (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 176.40 THB is for.
Which stocks are comparable to AEON Thana Sinsap (Thailand) 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 AEON Thana Sinsap (Thailand) Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 96.50 THB, calculated fair value 176.40 THB (+83%), Quality Score 66/100, from 13 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 AEONTS calculated?
We run AEON Thana Sinsap (Thailand) Public Company Limited through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 176.40 THB, 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 14.1 % above its aggregate fair value. AEON Thana Sinsap (Thailand) Public Company Limited currently trades 83 % 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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
The closing price on Sep 23, 2026 was 96.50 THB. Our model-based fair value is 176.40 THB, about +83% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AEON Thana Sinsap (Thailand) Public Company Limited right now?
The model range is unusually wide (93.01 THB to 292.11 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality. 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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) come from?
Earnings per share at AEON Thana Sinsap (Thailand) Public Company Limited grew +2.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +1.7 %, EBIT margin +1.3 %, tax rate −0.2 %, residual (interest, one-offs) −0.2 %. 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 AEON Thana Sinsap (Thailand) Public Company Limited
How large is the market capitalisation of AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
The market capitalisation of AEON Thana Sinsap (Thailand) Public Company Limited is 27.2B THB (≈ $816M). 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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
The price-to-sales ratio of AEON Thana Sinsap (Thailand) Public Company Limited is 1.25 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
Earnings per share at AEON Thana Sinsap (Thailand) Public Company Limited are 12.55 THB (price ÷ EPS = P/E 7.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
The dividend yield of AEON Thana Sinsap (Thailand) Public Company Limited is 5.7% (payout 43.8%). 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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
The net margin of AEON Thana Sinsap (Thailand) Public Company Limited is 16.2% (fiscal year 2026). 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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
The return on equity (ROE) of AEON Thana Sinsap (Thailand) Public Company Limited is 11.4% (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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
On an EBIT basis the return on assets of AEON Thana Sinsap (Thailand) Public Company Limited is 4.7% (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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
The operating margin of AEON Thana Sinsap (Thailand) Public Company Limited is 36.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
Revenue at AEON Thana Sinsap (Thailand) Public Company Limited is growing −5.3% versus a year earlier (3y avg −2.6%). 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 AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS)?
Earnings per share at AEON Thana Sinsap (Thailand) Public Company Limited are growing +26.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) carry?
The net debt of AEON Thana Sinsap (Thailand) Public Company Limited is 54.3B THB (fiscal year 2026, ≈ 8.3 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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