AIRA Capital Public Company Limited (AIRA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of AIRA Capital Public Company Limited THB 0.34, price THB 1.01, upside -66.3%, quality 54 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 0.8500 THB – 2.43 THB · fair‑value band 0.2600 THB – 0.4300 THB · the 1.01 THB price screens above the 0.3400 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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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.
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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.
Stock analysis
AIRA Capital Public Company Limited (AIRA) currently trades at 1.01 THB, while our model-based Fair Value estimate is 0.3400 THB, implying the stock looks roughly 197.1% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.4400 THB per share, and 0 of the 3 models we run sit above the 1.01 THB price.
Bear case: the Asset-Based group reads lowest at 0.3300 THB, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.2600 THB (bear) to 0.4300 THB (bull), the price of 1.01 THB sits above 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 54/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
AIRA Capital Public Company Limited 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.
Key figures
Market cap 6.4B THB (≈ $191M) · P/S ratio 8.62 · EPS (TTM) −0.0100 THB · Net margin −10.6% · Return on equity 0.0% · Return on assets (EBIT) 1.7% · Operating margin −3.4% · Revenue (TTM) 740M THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −66%, AIRA screens richer than that median.
Fair Value models
Bear 0.2600 THBFair Value 0.3400 THBBull 0.4300 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.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.30/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−10.4%
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.
+4.0%
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.
+1.1%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 13 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.
+7.2%
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Profit margin (trend) ⓘ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.
9.6% (2020) → 9.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+31.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +30.1% a year for the price.
Compare AIRA Capital Public Company Limited with another stock
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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.Capital Markets · 462 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−67% · Bottom 25%
Profitability
Return on equity (TTM)0% · Bottom 25%
Return on assets0% · Below median
Net margin (TTM)−9% · Bottom 25%
Operating margin (TTM)−3% · Bottom 25%
Growth and dividend
Revenue growth4% · Below median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/B0.06× · Cheapest 25%
P/S (TTM)0.26× · Cheapest 25%
P/FCF0.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)21· sector 85
PAST (return on equity)0· sector 30
HEALTH (low debt)92· sector 95
DIVIDEND (yield)0· sector 41
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AIRA Capital Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/AIRA
Frequently asked questions
Is AIRA Capital Public Company Limited (AIRA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.3400 THB versus a price of 1.01 THB, about −66% upside (overvalued).
What is the fair value of AIRA?
Our model-based fair value for AIRA Capital Public Company Limited is 0.3400 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.01 THB.
What is the quality score of AIRA?
AIRA Capital Public Company Limited has a Quality Score of 54/100. 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 AIRA Capital Public Company Limited (AIRA)?
Our model-based price target is the fair value of 0.3400 THB (as of Sep 24, 2026) from 3 valuation models. Cautious scenario 0.2600 THB, optimistic scenario 0.4300 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the AIRA Capital Public Company Limited stock forecast for 2026?
Our models put fair value at 0.3400 THB, about −66% upside versus a price of 1.01 THB (overvalued). Cautious scenario 0.2600 THB, optimistic scenario 0.4300 THB. The calculation is refreshed regularly with new filings.
What is the revenue of AIRA Capital Public Company Limited (AIRA)?
AIRA Capital Public Company Limited reported trailing-twelve-month revenue of about 740M THB (latest available figure, as of Sep 24, 2026).
What growth is priced into AIRA Capital Public Company Limited (AIRA)?
For today's price to be fair in a discounted-cash-flow model, AIRA Capital Public Company Limited would have to grow free cash flow by +31.6 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AIRA use?
Our models discount AIRA Capital Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.25, 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 AIRA Capital Public Company Limited that is +31.6 % per year a year over ten years, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has AIRA Capital Public Company Limited (AIRA) delivered so far?
Over the past 5 years revenue at AIRA Capital Public Company Limited grew +1.1 % a year. The price currently implies +31.6 % 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 AIRA Capital Public Company Limited (AIRA) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into AIRA Capital Public Company Limited (+31.6 % 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 AIRA Capital Public Company Limited (AIRA)?
The free-cash-flow yield on the price is 3.79 %: that much free cash flow AIRA Capital Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AIRA Capital Public Company Limited (AIRA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AIRA Capital Public Company Limited it is 0.3400 THB per share (as of Sep 24, 2026), against a price of 1.01 THB. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is AIRA Capital Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AIRA trades above its calculated fair value: price 1.01 THB, fair value 0.3400 THB, a gap of about −66% (overvalued). 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 AIRA?
No. The price is what the market pays today (1.01 THB); the fair value is what the company's own numbers justify (0.3400 THB). For AIRA Capital Public Company Limited the two are 0.6700 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is AIRA Capital Public Company Limited worth?
The market values AIRA Capital Public Company Limited at about 6.4B THB (market capitalisation, as of Sep 24, 2026). Per share that is 1.01 THB; our models calculate a fair value of 0.3400 THB per share.
What do the bullish and bearish scenarios say about AIRA?
Our models span a range for AIRA Capital Public Company Limited: cautious scenario 0.2600 THB, base 0.3400 THB, optimistic 0.4300 THB per share (as of Sep 24, 2026, price 1.01 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of AIRA Capital Public Company Limited (AIRA)?
Balance-sheet figures for AIRA Capital Public Company Limited (as of Sep 24, 2026): return on equity 0.0%, debt of 0.15 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is AIRA from its 52-week high?
AIRA Capital Public Company Limited trades at 1.01 THB, about 33% below its 52-week high of 1.50 THB and 11% above the low of 0.9100 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3400 THB is for.
Which stocks are comparable to AIRA Capital Public Company Limited?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 AIRA Capital Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 1.01 THB, calculated fair value 0.3400 THB (−66%), Quality Score 54/100, from 3 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 AIRA calculated?
We run AIRA Capital Public Company Limited through 3 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 0.3400 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 13.2 % above its aggregate fair value. AIRA Capital Public Company Limited itself currently trades above fair value. 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 AIRA Capital Public Company Limited (AIRA)?
The closing price on Sep 24, 2026 was 1.01 THB. Our model-based fair value is 0.3400 THB, about −66% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AIRA Capital Public Company Limited right now?
The price sits above even our optimistic bull case (0.4300 THB). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of AIRA Capital Public Company Limited
How large is the market capitalisation of AIRA Capital Public Company Limited (AIRA)?
The market capitalisation of AIRA Capital Public Company Limited is 6.4B THB (≈ $191M). 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 AIRA Capital Public Company Limited (AIRA)?
The price-to-sales ratio of AIRA Capital Public Company Limited is 8.62 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AIRA Capital Public Company Limited (AIRA)?
Earnings per share at AIRA Capital Public Company Limited are −0.0100 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of AIRA Capital Public Company Limited (AIRA)?
The net margin of AIRA Capital Public Company Limited is −10.6% (fiscal year 2025). 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 AIRA Capital Public Company Limited (AIRA)?
The return on equity (ROE) of AIRA Capital Public Company Limited is 0.0% (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 AIRA Capital Public Company Limited (AIRA)?
On an EBIT basis the return on assets of AIRA Capital Public Company Limited is 1.7% (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 AIRA Capital Public Company Limited (AIRA)?
The operating margin of AIRA Capital Public Company Limited is −3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AIRA Capital Public Company Limited (AIRA)?
Revenue at AIRA Capital Public Company Limited is growing +4.1% versus a year earlier (3y avg +4.0%). 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 AIRA Capital Public Company Limited (AIRA)?
Earnings per share at AIRA Capital Public Company Limited are growing −77.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AIRA Capital Public Company Limited (AIRA) carry?
The net debt of AIRA Capital Public Company Limited is 4.6B THB (fiscal year 2025, ≈ 18.9 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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