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AMATAR Fair Value & Analysis

Real Estate · TH · Market cap 2.7B THB

A AMATAR AMATAR · BK
Price7.55 THB
Fair Value11.11 THB
Upside+47.2%
Quality68/100
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Healthy Growth
Highly profitable · 70.3% net margin
Low debt · generates free cash flow
7.97% dividend yield
Ranks above peers (13/14)
Wide moat 68/100
Evidence: High Range 8.70 THB – 17.00 THB Share as image

Fair value as of: Jul 15, 2026

From 15 valuation models · updated 26 days ago

Share price +1.3% over the past month.

A solid business, screening 47% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (8.70 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (8.70 THB to 17.00 THB) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

7.60 THB 4.48 THB Fair Value 11.11 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 4.48 THB – 7.60 THB · fair‑value band 8.70 THB – 17.00 THB · the 7.55 THB price screens below the 11.11 THB fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

AMATAR (AMATAR) currently trades at 7.55 THB, while our model-based Fair Value estimate is 11.11 THB, implying the stock looks roughly 47.2% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Real Estate 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: high), always confirm before acting.

Over the trailing twelve months, AMATAR generated revenue of 418M THB at a net margin of 70.3%. Revenue declined 0.8% year over year. It earns a return on equity of 8.1%. Net debt stands at 843M THB. Fundamentals as of Jul 15, 2026

Our scenario range runs from 8.70 THB (bear case) to 17.00 THB (bull case); at 7.55 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 near its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -45% fair-value upside, at 47%, AMATAR 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 5.92 THB 8.94 THB 12.87 THB 80
Residual Income 8.40 THB 8.97 THB 9.79 THB 76
Gordon GGM 5.09 THB 8.16 THB 11.50 THB 70
All 15 models by family
DCF Models
FCF DCF 5.70 THB 8.96 THB 13.38 THB 38
5Y Revenue Exit 4.05 THB 6.88 THB 10.31 THB 39
5Y EBITDA Exit 7.22 THB 12.49 THB 18.34 THB 41
10Y Revenue Exit 4.46 THB 7.06 THB 10.18 THB 36
10Y EBITDA Exit 6.55 THB 10.75 THB 15.87 THB 37
Dividend Discount
Gordon GGM 5.09 THB 8.16 THB 11.50 THB 70
DDM Multi-Stage 5.09 THB 7.33 THB 9.73 THB 61
Multiples
P/S Multiple 5.74 THB 7.66 THB 9.57 THB 58
P/B Multiple 10.20 THB 13.60 THB 17.00 THB 55
EV/EBIT 13.06 THB 18.20 THB 23.34 THB 53
EV/EBITDA 9.67 THB 13.67 THB 17.68 THB 54
EV/Revenue 3.42 THB 5.89 THB 8.36 THB 43
Asset-Based
NCAV (Graham) 5.09 THB 6.82 THB 10.18 THB 50
Growth DCF
Growth DCF 5.92 THB 8.94 THB 12.87 THB 80
Economic Profit
Residual Income 8.40 THB 8.97 THB 9.79 THB 76

Widest divergence: Multiples (13.60 THB) versus Asset-Based (6.82 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 418M THB
Revenue growth (YoY) -0.8%
Net margin 70.3%
Return on equity 8.1%
Free cash flow 286M THB FY2025
P/E ratio 8.9
More key figures
Operating margin 86.9%
EPS (TTM) 0.8200 THB
Dividend yield 8.3%
EPS growth (YoY) +9.8%
Net debt 843M THB FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 65 · Market factors (momentum, volatility) 80

Profitability 40
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 83
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

Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust is a real estate investment trust externally managed by Amata Summit REIT Management Co., Ltd. It invests in the real estate markets. Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AMATAR reported revenue of 422M THB in FY2025 versus 345M THB in FY2021, a compound +5.2%/yr. Reported net income was 286M THB in FY2025, compounding +11.4%/yr from FY2021.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
422M THB
Latest YoY
+4.2%
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.
+5.9%
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.
+3.1%
Avg. growth/yr (10Y) 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.
+7.2%
Revenue +5.2%/yr
FY21 345M THB
FY22 355M THB
FY23 376M THB
FY24 405M THB
FY25 422M THB
Net income +11.4%/yr
FY21 186M THB
FY22 202M THB
FY23 217M THB
FY24 278M THB
FY25 286M THB

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Cite: Fair Value Calculator (2026). "AMATAR Fair Value". https://www.fairvalue-calculator.com/stock/AMATAR

Peer Group

REIT - Industrial · 63 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 69 · Top 25%
Fair Value upside +47% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 70% · Top 25%
Operating margin (TTM) 87% · Top 25%
Revenue growth -1% · Bottom 25%
Dividend yield (TTM) 8.0% · Top 25%
Debt / equity 0.24× · Lower than 75% of peers

Valuation Multiples vs REIT - Industrial median · lower = cheaper

P/E (TTM) 9.1× · Cheaper than 75% of peers
P/B 0.74× · Cheaper than median
P/S (TTM) 6.43× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 11.2× · 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 96 · sector 5
FUTURE 0 · sector 19
PAST 32 · sector 27
HEALTH 88 · sector 76
DIVIDEND 100 · sector 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 REIT - Industrial stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Prologis, Inc PLD $143.42 $61.28 -57%
Public Storage, a member of the S&P 500, PSA $322.48 $172.80 -46%
Extra Space Storage Inc EXR $147.71 $78.38 -47%
EastGroup Properties, Inc EGP $213.10 $81.41 -62%
Lineage, Inc LINE $41.42 $47.91 +16%
CapitaLand Ascendas REIT (CLAR) A17U 2.51 SGD 2.00 SGD -20%
CubeSmart CUBE $42.09 $25.06 -40%
First Industrial Realty Trust, Inc FR $66.99 $21.48 -68%
Rexford Industrial Realty, Inc REXR $39.00 $21.35 -45%
STAG Industrial, Inc STAG $41.11 $24.31 -41%

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Frequently asked questions

Is AMATAR overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 11.11 THB versus a price of 7.55 THB, about +47% (undervalued).
What is the fair value of AMATAR?
Our model-based fair value for AMATAR is 11.11 THB (as of Jul 15, 2026), built from audited fundamentals. The current price is 7.55 THB.
What is the quality score of AMATAR?
AMATAR has a Quality Score of 68/100. 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 AMATAR?
AMATAR reported trailing-twelve-month revenue of about 418M THB (latest available figure, as of Jul 15, 2026).
What is the net profit margin of AMATAR?
The net profit margin of AMATAR is about 70.3%, meaning it keeps roughly 70.3% of revenue as net income. Based on the latest reported figures.
Does AMATAR pay a dividend?
AMATAR currently shows a dividend yield of about 8.25% relative to its recent price (as of Jul 15, 2026).

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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