AIRA Capital Public Company (AIRA) Fair Value & Analysis

Financial Services · TH · Market cap 6.4B THB

A solid business, but screening 68% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (0.5000 THB). The favourable scenario is already priced in.
• Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (0.2500 THB to 0.5000 THB) leaves room in how you read the outcome.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 0.8500 THB – 2.43 THB · fair‑value band 0.2500 THB – 0.5000 THB · the 1.03 THB price screens above the 0.3300 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

AIRA Capital Public Company (AIRA) currently trades at 1.03 THB, while our model-based Fair Value estimate is 0.3300 THB, implying the stock looks roughly 68.0% overvalued today. The Quality Score stands at 54/100 (solid 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 Capital Public Company generated revenue of 740M THB at a net margin of -8.6%. Revenue grew 4.1% year over year. Net debt stands at 4.6B THB. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.2500 THB (bear case) to 0.5000 THB (bull case); at 1.03 THB, the current price sits above 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 31% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at -68%, AIRA screens richer 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.

Widest divergence: Growth DCF (0.3400 THB) versus Asset-Based (0.3300 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

AIRA Capital Public Company Limited, together with its subsidiaries, engages in the investment and financial advisory activities in Thailand. It operates through Securities and Investment Business, Advisory and Investment Banking, Factoring, Rental and Service Business, and Property Development segments.

Full company description

AIRA Capital Public Company Limited, together with its subsidiaries, engages in the investment and financial advisory activities in Thailand. It operates through Securities and Investment Business, Advisory and Investment Banking, Factoring, Rental and Service Business, and Property Development segments. The company offers securities brokerage, securities trading, investment advisory, securities underwriting, securities borrowing and lending, derivatives brokerage, and private fund management services. In addition, it provides financial services; hire purchase, financial lease, and operating lease for industrial equipment and machines; and private fund, mutual fund management and securities brokerage of investment unit services, as well as receivable factoring, venture capital, property development, and asset management businesses. Further, it is involved in the real estate industry. AIRA Capital Public Company Limited was founded in 2010 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AIRA Capital Public Company reported revenue of 1.0B THB in FY2025 versus 1.1B THB in FY2021, a compound −0.7%/yr. Reported net income was −109M THB in FY2025.

AIRA screens 68% overvalued. Compare with Huatai Securities Co →

Peer Group

Capital Markets · 423 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.

Valuation Multiples vs Capital Markets median · lower = cheaper

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 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

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Frequently asked questions

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.