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Amanah Leasing Public Company (AMANAH) Fair Value & Analysis

Financial Services · TH · Market cap 900M THB

AL Amanah Leasing Public Company AMANAH · BK
Price0.7900 THB
Fair Value0.7963 THB
Upside+0.8%
Quality51/100
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Mixed Growth
Loss-making · -21.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 14/100
Evidence: Low Range 0.5171 THB – 1.22 THB Share as image

Fair value as of: Jul 12, 2026

From 3 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 0.7976 THB to 0.7963 THB (−0.2%) since Jun 26, 2026. Share price +3.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (0.5171 THB to 1.22 THB) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

5.84 THB 0.5900 THB Fair Value 0.7963 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 0.5900 THB – 5.84 THB · fair‑value band 0.5171 THB – 1.22 THB · the 0.7900 THB price screens below the 0.7963 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Amanah Leasing Public Company (AMANAH) currently trades at 0.7900 THB, while our model-based Fair Value estimate is 0.7963 THB, implying the stock looks roughly 0.8% fairly valued today. The Quality Score stands at 51/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Amanah Leasing Public Company generated revenue of 697M THB at a net margin of -21.0%. Revenue declined 23.2% year over year. It earns a return on equity of -8.4%. Net debt stands at 1.8B THB. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.5171 THB (bear case) to 1.22 THB (bull case); at 0.7900 THB, the current price sits within 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 26% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 1%, AMANAH 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 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
Highest evidence
Growth DCF 3.82 THB 5.55 THB 7.89 THB 80
Rev-Margin DCF 2.23 THB 2.99 THB 3.81 THB 74
NCAV (Graham) 0.7200 THB 0.9600 THB 1.43 THB 50
All 3 models by family
Asset-Based
NCAV (Graham) 0.7200 THB 0.9600 THB 1.43 THB 50
Growth DCF
Growth DCF 3.82 THB 5.55 THB 7.89 THB 80
Rev-Margin DCF 2.23 THB 2.99 THB 3.81 THB 74

Widest divergence: Growth DCF (2.99 THB) versus Asset-Based (0.9600 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 686M THB
Revenue growth (YoY) -29.8%
Net margin -21.3%
Return on equity -8.4%
Free cash flow 419M THB FY2025
Operating margin -6.6%
More key figures
EPS (TTM) -0.1200 THB
EPS growth (YoY) -77.3%
Net debt 1.8B THB FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 55 · Market factors (momentum, volatility) 49

Profitability 8
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 82
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

Amanah Leasing Public Company Limited provides financial services in Thailand. It offers hire-purchase, loans secured against vehicle registration, and finance transfer services. The company was formerly known as Nava Leasing Public Company Limited and changed its name to Amanah Leasing Public Company Limited in October 2010.

Full company description

Amanah Leasing Public Company Limited provides financial services in Thailand. It offers hire-purchase, loans secured against vehicle registration, and finance transfer services. The company was formerly known as Nava Leasing Public Company Limited and changed its name to Amanah Leasing Public Company Limited in October 2010. The company was incorporated in 1992 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Amanah Leasing Public Company reported revenue of 787M THB in FY2025 versus 682M THB in FY2021, a compound +3.6%/yr. Reported net income was −112M THB in FY2025.

Growth Quality 26/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
787M THB
Latest YoY
−9.0%
Avg. growth/yr (3Y) 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.
−0.1%
Avg. growth/yr (5Y) 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.
+3.2%
Avg. growth/yr (17Y) 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.
+6.0%
Revenue +3.6%/yr
FY21 682M THB
FY22 789M THB
FY23 861M THB
FY24 865M THB
FY25 787M THB
Net income
FY21 307M THB
FY22 310M THB
FY23 189M THB
FY24 −16.4M THB
FY25 −112M THB

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

Peer Group

Credit Services · 331 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 53 · Above median
Fair Value upside +1% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) -21% · Bottom 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -30% · Bottom 25%
Debt / equity 0.10× · Lower than 75% of peers

Valuation Multiples vs Credit Services median · lower = cheaper

P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers

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 35 · sector 37
FUTURE 0 · sector 39
PAST 0 · sector 32
HEALTH 95 · sector 58
DIVIDEND 0 · sector 51

Insider activity: 40/100

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Amanah Leasing Public Company (AMANAH) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.7963 THB versus a price of 0.7900 THB, about +1% (fairly valued).
What is the fair value of AMANAH?
Our model-based fair value for Amanah Leasing Public Company is 0.7963 THB (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.7900 THB.
What is the quality score of AMANAH?
Amanah Leasing Public Company has a Quality Score of 51/100. 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 Amanah Leasing Public Company (AMANAH)?
Amanah Leasing Public Company reported trailing-twelve-month revenue of about 697M THB (latest available figure, as of Jul 12, 2026).
What is the net profit margin of AMANAH?
The net profit margin of Amanah Leasing Public Company is about -21.0%, meaning it is currently running at a net loss. 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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