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AIRA Factoring Public Company (AF) Fair Value & Analysis

Financial Services · TH · Market cap 544M THB

AF AIRA Factoring Public Company AF · BK
Price0.3300 THB
Fair Value0.1200 THB
Upside-63.6%
Quality95/100
Evidence: Medium Range 0.0900 THB – 0.1500 THB

Fair value as of: Jun 26, 2026

From 14 valuation models · updated 3 days ago

Share price −5.6% over the past month.

Price vs Fair Value (12 months)

0.4562 THB 0.2621 THB Fair Value 0.1200 THB Jun 2025 Jun 2026

12‑month range 0.2621 THB – 0.4562 THB · fair‑value band 0.0900 THB – 0.1500 THB · the 0.3300 THB price screens above the 0.1200 THB fair value. As of Jun 26, 2026.

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Analysis

AIRA Factoring Public Company (AF) currently trades at 0.3300 THB, while our model-based Fair Value estimate is 0.1200 THB — implying the stock looks roughly 63.6% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, AIRA Factoring Public Company generated revenue of 245M THB at a net margin of 6.5%. Revenue declined 6.8% year over year. It earns a return on equity of 3.0%. Net debt stands at 2.1B THB. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 245M THB
Revenue growth (YoY) -6.8%
Net margin 6.5%
Return on equity 3.0%
Free cash flow −190M THB FY2025
P/E ratio 34.0
More key figures
Operating margin 44.5%
EPS (TTM) 0.0100 THB
EPS growth (YoY) +31.2%
Net debt 2.1B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

AIRA Factoring Public Company Limited provides receivable factoring services in Thailand. The company offers factoring, supplier financing, long-term, and promissory note loans; and e-factoring and online factoring services. It also provides lending services. The company was formerly known as Dhanamitr Factoring PLC and changed its name to AIRA Factoring Public Company Limited in September 2011. The company was incorporated in 1997 and is based in Bangkok, Thailand. AIRA Factoring Public Company Limited is a subsidiary of AIRA Capital Public Company Limited.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AIRA Factoring Public Company reported revenue of 241M THB in FY2025 versus 196M THB in FY2021, a compound +5.3%/yr. Reported net income was 14.8M THB in FY2025, compounding −26.0%/yr from FY2021.

Revenue +5.3%/yr
FY21 196M THB
FY22 225M THB
FY23 240M THB
FY24 255M THB
FY25 241M THB
Net income −26.0%/yr
FY21 49.5M THB
FY22 45.3M THB
FY23 6.8M THB
FY24 16.7M THB
FY25 14.8M THB

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6 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

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Bajaj Finance Limited BAJFINANCE ₹884.10 ₹604.72 -32%

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Frequently asked questions

Is AIRA Factoring Public Company (AF) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 0.1200 THB versus a price of 0.3300 THB — about −64% (overvalued). Model-based estimate, not financial advice.
What is the fair value of AF?
Our 21-model fair value for AIRA Factoring Public Company is 0.1200 THB (as of Jun 26, 2026), built from audited fundamentals. The current price is 0.3300 THB.
What is the quality score of AF?
AIRA Factoring Public Company has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of AIRA Factoring Public Company (AF)?
AIRA Factoring Public Company reported trailing-twelve-month revenue of about 245M THB (latest available figure, as of Jun 26, 2026).
What is the net profit margin of AF?
The net profit margin of AIRA Factoring Public Company is about 6.5%, meaning it keeps roughly 6.5% of revenue as net income. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.