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ALT Telecom Public Company (ALT) Fair Value & Analysis

Technology · TH · Market cap 2.1B THB

AT ALT Telecom Public Company ALT · BK
Price1.68 THB
Fair Value1.46 THB
Upside-13.1%
Quality52/100
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Mixed Growth
Thin margins · 5.4% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Narrow moat 35/100
Evidence: High Range 1.10 THB – 1.56 THB Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 24 days ago

Share price −2.9% over the past month.

A solid business, but screening 13% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.56 THB). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

3.28 THB 0.7400 THB Fair Value 1.46 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.7400 THB – 3.28 THB · fair‑value band 1.10 THB – 1.56 THB · the 1.68 THB price screens above the 1.46 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

ALT Telecom Public Company (ALT) currently trades at 1.68 THB, while our model-based Fair Value estimate is 1.46 THB, implying the stock looks roughly 13.1% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Technology 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: high).

Over the trailing twelve months, ALT Telecom Public Company generated revenue of 1.5B THB at a net margin of 5.4%. Revenue grew 4.4% year over year. It earns a return on equity of 4.9%. Net debt stands at 1.1B THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 1.10 THB (bear case) to 1.56 THB (bull case); at 1.68 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 6% below its 52-week high and 140% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -13%, ALT 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 2.19 THB 2.99 THB 4.03 THB 80
Residual Income 1.15 THB 1.17 THB 1.11 THB 76
Rev-Margin DCF 1.13 THB 1.44 THB 1.80 THB 74
All 25 models by family
DCF Models
FCF DCF 2.14 THB 3.01 THB 4.20 THB 38
Owner Earnings 1.26 THB 1.75 THB 2.42 THB 31
5Y Revenue Exit 1.13 THB 1.41 THB 1.72 THB 39
5Y EBITDA Exit 2.30 THB 3.50 THB 4.83 THB 41
5Y P/E Exit 1.47 THB 2.02 THB 2.55 THB 38
10Y Revenue Exit 1.49 THB 1.81 THB 2.17 THB 36
10Y EBITDA Exit 2.22 THB 3.20 THB 4.39 THB 37
10Y P/E Exit 1.71 THB 2.21 THB 2.76 THB 35
Earnings-Based
Graham-Dodd 0.5000 THB 1.21 THB 1.56 THB 54
PEG = 1.0 0.2200 THB 0.3100 THB 0.4000 THB 46
EPV 0.3800 THB 0.4200 THB 0.4600 THB 59
Dividend Discount
Gordon GGM 0.8000 THB 1.40 THB 2.12 THB 70
DDM Multi-Stage 0.8000 THB 1.18 THB 1.58 THB 61
Multiples
P/E Multiple 1.10 THB 1.46 THB 1.83 THB 63
P/S Multiple 0.9300 THB 1.25 THB 1.56 THB 58
P/B Multiple 0.9300 THB 1.25 THB 1.56 THB 55
EV/EBIT 0.7700 THB 0.9900 THB 1.21 THB 53
EV/EBITDA 2.72 THB 3.59 THB 4.46 THB 54
EV/Revenue 0.5600 THB 0.7500 THB 0.9400 THB 43
Asset-Based
NCAV (Graham) 0.7600 THB 1.01 THB 1.51 THB 50
Growth DCF
Growth DCF 2.19 THB 2.99 THB 4.03 THB 80
Rev-Margin DCF 1.13 THB 1.44 THB 1.80 THB 74
Economic Profit
Residual Income 1.15 THB 1.17 THB 1.11 THB 76
ROIC Compounder 0.3800 THB 0.4200 THB 0.4600 THB 72
Growth Earnings
Growth-Adj P/E 0.8400 THB 1.20 THB 1.56 THB 68

Widest divergence: DCF Models (2.02 THB) versus Earnings-Based (0.4200 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.5B THB
Revenue growth (YoY) +4.4%
Net margin 5.4%
Return on equity 4.9%
Free cash flow 222M THB FY2025
P/E ratio 26.7
More key figures
Operating margin 4.9%
EPS (TTM) 0.0700 THB
EPS growth (YoY) +3.3%
Net debt 1.1B THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 80

Profitability 23
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 97
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 83
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

ALT Telecom Public Company Limited, together with its subsidiaries, engages in the telecommunication business in Thailand. The company also produces, assembles, installs, and distributes electricity meters; sells, installs, and rents solar cells; sells, installs, maintains, and rents telecommunication networks; and distributes solar cells.

Full company description

ALT Telecom Public Company Limited, together with its subsidiaries, engages in the telecommunication business in Thailand. The company also produces, assembles, installs, and distributes electricity meters; sells, installs, and rents solar cells; sells, installs, maintains, and rents telecommunication networks; and distributes solar cells. In addition, it leases and manages telecommunication basic structures; designs, sales, and installs foreign object detection vehicles; and sells, installs, and maintains electrical system and telecom. The company was incorporated in 2001 and is headquartered in Nonthaburi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ALT Telecom Public Company reported revenue of 1.5B THB in FY2025 versus 1.1B THB in FY2021, a compound +8.7%/yr. Reported net income was 81.6M THB in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B THB
Latest YoY
+17.4%
Avg. growth/yr (3Y)
+9.2%
Avg. growth/yr (5Y)
−0.8%
Avg. growth/yr (12Y)
−2.7%
Revenue +8.7%/yr
FY21 1.1B THB
FY22 1.1B THB
FY23 1.5B THB
FY24 1.3B THB
FY25 1.5B THB
Net income
FY21 −133M THB
FY22 −108M THB
FY23 22.0M THB
FY24 8.1M THB
FY25 81.6M THB

ALT screens 13% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "ALT Telecom Public Company Fair Value". https://www.fairvalue-calculator.com/stock/ALT

Peer Group

Communication Equipment · 290 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 52 · Below median
Fair Value upside −13% · Above median
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth 4% · Below median
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 26.7× · Cheaper than median
P/B 1.24× · Cheaper than median
P/S (TTM) 1.38× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 11.2× · Cheaper 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 16 · sector 0
FUTURE 22 · sector 30
PAST 20 · sector 15
HEALTH 95 · sector 98
DIVIDEND 0 · sector 24

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is ALT Telecom Public Company (ALT) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 1.46 THB versus a price of 1.68 THB, about −13% (overvalued).
What is the fair value of ALT?
Our model-based fair value for ALT Telecom Public Company is 1.46 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 1.68 THB.
What is the quality score of ALT?
ALT Telecom Public Company has a Quality Score of 52/100. 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 ALT Telecom Public Company (ALT)?
ALT Telecom Public Company reported trailing-twelve-month revenue of about 1.5B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of ALT?
The net profit margin of ALT Telecom Public Company is about 5.4%, meaning it keeps roughly 5.4% 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.

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