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Amata VN Public Company (AMATAV) Fair Value & Analysis

Real Estate · TH · Market cap 2.3B THB

AV Amata VN Public Company AMATAV · BK
Price2.06 THB
Fair Value5.35 THB
Upside+159.7%
Quality57/100
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Healthy Growth
Solidly profitable · 11.8% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 40/100
Evidence: Medium Range 4.01 THB – 7.53 THB Share as image

Fair value as of: Jul 15, 2026

From 16 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 5.00 THB to 5.35 THB (+7.0%) since Jun 26, 2026. Share price −3.7% over the past month.

A solid business, screening 160% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (4.01 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (4.01 THB to 7.53 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)

7.07 THB 1.78 THB Fair Value 5.35 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 1.78 THB – 7.07 THB · fair‑value band 4.01 THB – 7.53 THB · the 2.06 THB price screens below the 5.35 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Amata VN Public Company (AMATAV) currently trades at 2.06 THB, while our model-based Fair Value estimate is 5.35 THB, implying the stock looks roughly 159.7% undervalued today. The Quality Score stands at 57/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Amata VN Public Company generated revenue of 3.8B THB at a net margin of 11.8%. Revenue declined 18.6% year over year. It earns a return on equity of 8.3%. Net debt stands at 5.0B THB. Fundamentals as of Jul 15, 2026

Our scenario range runs from 4.01 THB (bear case) to 7.53 THB (bull case); at 2.06 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 24% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 160%, AMATAV 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 8.23 THB 16.78 THB 33.23 THB 80
Residual Income 4.00 THB 4.34 THB 5.76 THB 76
Rev-Margin DCF 7.10 THB 16.43 THB 30.79 THB 74
All 16 models by family
DCF Models
FCF DCF 8.87 THB 15.12 THB 33.99 THB 38
5Y Revenue Exit 7.10 THB 14.50 THB 29.33 THB 39
5Y EBITDA Exit 9.90 THB 20.40 THB 40.14 THB 41
10Y Revenue Exit 7.26 THB 17.55 THB 27.22 THB 36
10Y EBITDA Exit 9.55 THB 23.02 THB 48.61 THB 37
Dividend Discount
Gordon GGM 0.4400 THB 0.8700 THB 1.32 THB 70
DDM Multi-Stage 0.4400 THB 0.7600 THB 0.9200 THB 61
Multiples
P/S Multiple 5.50 THB 7.33 THB 9.17 THB 58
P/B Multiple 5.50 THB 7.33 THB 9.17 THB 55
EV/EBIT 12.45 THB 17.32 THB 22.19 THB 53
EV/EBITDA 10.43 THB 14.62 THB 18.81 THB 54
EV/Revenue 5.90 THB 9.35 THB 12.81 THB 43
Asset-Based
NCAV (Graham) 2.38 THB 3.18 THB 4.75 THB 50
Growth DCF
Growth DCF 8.23 THB 16.78 THB 33.23 THB 80
Rev-Margin DCF 7.10 THB 16.43 THB 30.79 THB 74
Economic Profit
Residual Income 4.00 THB 4.34 THB 5.76 THB 76

Widest divergence: DCF Models (17.55 THB) versus Dividend Discount (0.7600 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.8B THB
Revenue growth (YoY) -18.6%
Net margin 11.8%
Return on equity 8.3%
Free cash flow 752M THB FY2025
P/E ratio 4.7
More key figures
Operating margin 0.2%
EPS (TTM) 0.4200 THB
EPS growth (YoY) +186%
Net debt 5.0B THB FY2025

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 49

Profitability 31
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 58
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 VN Public Company Limited, through its subsidiaries, engages in the industrial estate development and other related business in Vietnam. The company operates through Industrial Estate Development, Utility Services, and Rental segments.

Full company description

Amata VN Public Company Limited, through its subsidiaries, engages in the industrial estate development and other related business in Vietnam. The company operates through Industrial Estate Development, Utility Services, and Rental segments. It leases industrial lands, logistics facilities, commercial lands, ready-built factories, and office buildings, as well as engages in the industrial park, and commercial and residential projects development activities. In addition, the company provides utility and infrastructure support services. Amata VN Public Company Limited was incorporated in 2012 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Amata VN Public Company reported revenue of 4.0B THB in FY2025 versus 1.6B THB in FY2021, a compound +26.3%/yr. Reported net income was 460M THB in FY2025, compounding −9.5%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.0B THB
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.
+50.4%
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.
+58.4%
Avg. growth/yr (11Y) 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.
+21.2%
Revenue +26.3%/yr
FY21 1.6B THB
FY22 1.3B THB
FY23 4.2B THB
FY24 5.3B THB
FY25 4.0B THB
Net income −9.5%/yr
FY21 686M THB
FY22 1.0B THB
FY23 405M THB
FY24 100M THB
FY25 460M THB
Character of growth · EPS growth decomposed (2014-2025) +10.6 % p.a.
Revenue per share +18.8 pp

of which total revenue +22.5 pp · buybacks/dilution −3.7 pp

EBIT margin −6.7 pp
Tax rate +3.0 pp
Residual (interest, one-offs) −4.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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

Peer Group

Real Estate Services · 520 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 58 · Above median
Fair Value upside +160% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -19% · Bottom 25%
Debt / equity 0.59× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 5.1× · Cheaper than 75% of peers
P/B 0.45× · Cheaper than median
P/S (TTM) 0.59× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 4.5× · 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 37
FUTURE 0 · sector 10
PAST 33 · sector 16
HEALTH 71 · sector 85
DIVIDEND 0 · sector 49

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

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SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Amata VN Public Company (AMATAV) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 5.35 THB versus a price of 2.06 THB, about +160% (undervalued).
What is the fair value of AMATAV?
Our model-based fair value for Amata VN Public Company is 5.35 THB (as of Jul 15, 2026), built from audited fundamentals. The current price is 2.06 THB.
What is the quality score of AMATAV?
Amata VN Public Company has a Quality Score of 57/100. 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 Amata VN Public Company (AMATAV)?
Amata VN Public Company reported trailing-twelve-month revenue of about 3.8B THB (latest available figure, as of Jul 15, 2026).
What is the net profit margin of AMATAV?
The net profit margin of Amata VN Public Company is about 11.8%, meaning it keeps roughly 11.8% 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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