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Amarin Corporations Public Company (AMARIN) Fair Value & Analysis

Communication Services · TH · Market cap 2.0B THB

AC Amarin Corporations Public Company AMARIN · BK
Price1.95 THB
Fair Value3.27 THB
Upside+67.7%
Quality52/100
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Mixed Growth
Loss-making · -2.3% net margin
Low debt · generates free cash flow
Trails peers (3/10)
Narrow moat 20/100
Evidence: Medium Range 2.56 THB – 3.98 THB Share as image

Fair value as of: Jul 19, 2026

From 13 valuation models · updated 22 days ago

Share price −12.2% over the past month.

A solid business, screening 68% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (2.56 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

6.47 THB 1.44 THB Fair Value 3.27 THB Dec 2020 Aug 2026

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 1.44 THB – 6.47 THB · fair‑value band 2.56 THB – 3.98 THB · the 1.95 THB price screens below the 3.27 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.

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Analysis

Amarin Corporations Public Company (AMARIN) currently trades at 1.95 THB, while our model-based Fair Value estimate is 3.27 THB, implying the stock looks roughly 67.7% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Communication 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: medium), always confirm before acting.

Over the trailing twelve months, Amarin Corporations Public Company generated revenue of 3.7B THB at a net margin of -2.3%. Revenue declined 3.5% year over year. It earns a return on equity of -1.8%. The balance sheet holds a net cash position of 419M THB. Fundamentals as of Jul 19, 2026

Our scenario range runs from 2.56 THB (bear case) to 3.98 THB (bull case); at 1.95 THB, the current price sits below 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 44% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at 68%, AMARIN 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 4.04 THB 5.34 THB 7.02 THB 80
Rev-Margin DCF 3.62 THB 5.16 THB 6.80 THB 74
Gordon GGM 0.5300 THB 0.8600 THB 1.22 THB 70
All 13 models by family
DCF Models
FCF DCF 3.95 THB 5.35 THB 7.25 THB 38
Owner Earnings 3.59 THB 4.84 THB 6.53 THB 31
5Y Revenue Exit 3.62 THB 5.12 THB 6.94 THB 39
5Y EBITDA Exit 2.99 THB 3.99 THB 5.09 THB 41
10Y Revenue Exit 3.63 THB 4.97 THB 6.60 THB 36
10Y EBITDA Exit 3.33 THB 4.23 THB 5.28 THB 37
Dividend Discount
Gordon GGM 0.5300 THB 0.8600 THB 1.22 THB 70
DDM Multi-Stage 0.5300 THB 0.7600 THB 1.01 THB 61
Multiples
EV/EBITDA 2.67 THB 3.38 THB 4.10 THB 54
EV/Revenue 3.62 THB 4.94 THB 6.26 THB 43
Asset-Based
NCAV (Graham) 2.23 THB 2.99 THB 4.46 THB 50
Growth DCF
Growth DCF 4.04 THB 5.34 THB 7.02 THB 80
Rev-Margin DCF 3.62 THB 5.16 THB 6.80 THB 74

Widest divergence: Growth DCF (5.16 THB) versus Dividend Discount (0.7600 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.7B THB
Revenue growth (YoY) -3.5%
Net margin -2.3%
Return on equity -1.8%
Free cash flow 338M THB FY2025
Operating margin -1.8%
More key figures
EPS (TTM) -0.0800 THB
EPS growth (YoY) -48.3%
Net cash 419M THB FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 53 · Market factors (momentum, volatility) 43

Profitability 17
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 46
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

Amarin Corporations Public Company Limited, together with its subsidiaries, engages in the publishing, advertising, and distribution of publications in Thailand.

Full company description

Amarin Corporations Public Company Limited, together with its subsidiaries, engages in the publishing, advertising, and distribution of publications in Thailand. It offers conventional, urgent, and packaging printing services; content services, including offline, online, and visual contents, as well as printing collaboration; book publishing; and lifestyle magazine publishing under the Baanlaesuan, Room, Praew, Praew Wedding, Cheewajit, and National Geographic Thailand labels. The company also provides website and social media services; on-ground services, such as fairs, seminars, and events; and engages in the production of television programs, broadcasting, and advertising through digital television under the Amarin TV station. In addition, it operates Naiin, a bookstore that distributes various formats of publications; and is involved in educational activities. The company was formerly known as Amarin Printing and Publishing Public Company Limited and changed its name to Amarin Corporations Public Company Limited in May 2023. Amarin Corporations Public Company Limited was founded in 1976 and is based in Bangkok, Thailand. The company operates as a subsidiary of Vadhanabhakdi Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Amarin Corporations Public Company reported revenue of 3.7B THB in FY2025 versus 2.8B THB in FY2021, a compound +7.7%/yr. Reported net income was −112M THB in FY2025.

Growth Quality 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.7B THB
Latest YoY
−5.7%
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.
−2.9%
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.
+6.2%
Avg. growth/yr (25Y) 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.
+5.7%
Revenue +7.7%/yr
FY21 2.8B THB
FY22 4.1B THB
FY23 4.1B THB
FY24 4.0B THB
FY25 3.7B THB
Net income
FY21 313M THB
FY22 474M THB
FY23 290M THB
FY24 76.3M THB
FY25 −112M THB

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

Peer Group

Publishing · 111 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 +68% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -2% · Below median
Operating margin (TTM) -2% · Below median
Revenue growth -4% · Below median
Debt / equity 0.01× · Higher than median

Valuation Multiples vs Publishing median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.2× · 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 100 · sector 38
FUTURE 0 · sector 0
PAST 0 · sector 21
HEALTH 99 · sector 99
DIVIDEND 0 · sector 57

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.

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Frequently asked questions

Is Amarin Corporations Public Company (AMARIN) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 3.27 THB versus a price of 1.95 THB, about +68% (undervalued).
What is the fair value of AMARIN?
Our model-based fair value for Amarin Corporations Public Company is 3.27 THB (as of Jul 19, 2026), built from audited fundamentals. The current price is 1.95 THB.
What is the quality score of AMARIN?
Amarin Corporations 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 Amarin Corporations Public Company (AMARIN)?
Amarin Corporations Public Company reported trailing-twelve-month revenue of about 3.7B THB (latest available figure, as of Jul 19, 2026).
What is the net profit margin of AMARIN?
The net profit margin of Amarin Corporations Public Company is about -2.3%, 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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