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AP (Thailand) Public Company (AP) Fair Value & Analysis

Real Estate · TH · Market cap 22.0B THB

AT AP (Thailand) Public Company AP · BK
Price7.15 THB
Fair Value17.88 THB
Upside+150.1%
Quality95/100
Evidence: High Range 13.15 THB – 29.15 THB

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price +1.4% over the past month.

Price vs Fair Value (12 months)

8.67 THB 5.17 THB Fair Value 17.88 THB Jun 2025 Jun 2026

12‑month range 5.17 THB – 8.67 THB · fair‑value band 13.15 THB – 29.15 THB · the 7.15 THB price screens below the 17.88 THB fair value. As of Jun 26, 2026.

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Analysis

AP (Thailand) Public Company (AP) currently trades at 7.15 THB, while our model-based Fair Value estimate is 17.88 THB — implying the stock looks roughly 150.1% undervalued today. We read business quality at 95/100 (high 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, AP (Thailand) Public Company generated revenue of 39.4B THB at a net margin of 11.1%. Revenue grew 23.6% year over year. It earns a return on equity of 9.5%. Net debt stands at 29.6B THB. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 39.4B THB
Revenue growth (YoY) +23.6%
Net margin 11.1%
Return on equity 9.5%
Free cash flow 3.0B THB FY2025
P/E ratio 5.0
More key figures
Operating margin 13.2%
EPS (TTM) 1.39 THB
Dividend yield 7.4%
EPS growth (YoY) +4.6%
Net debt 29.6B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

AP (Thailand) Public Company Limited, together with its subsidiaries, engages in the provision of real estate development business in Thailand. It operates through three segments: Low"Rise, High"Rise, and Other. The Low"Rise segment is involved in the development of single detached houses and townhouses. The High"Rise segment develops condominiums. The Other segment provides after-sales, property brokerage, and construction services. The company was formerly known as Asian Property Development Public Company Limited and changed its name to AP (Thailand) Public Company Limited in May 2013. AP (Thailand) Public Company Limited was founded in 1984 and is based in Bangkok, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AP (Thailand) Public Company reported revenue of 37.3B THB in FY2025 versus 31.8B THB in FY2021, a compound +4.1%/yr. Reported net income was 4.3B THB in FY2025, compounding −1.3%/yr from FY2021.

Revenue +4.1%/yr
FY21 31.8B THB
FY22 38.5B THB
FY23 38.0B THB
FY24 37.0B THB
FY25 37.3B THB
Net income −1.3%/yr
FY21 4.5B THB
FY22 5.9B THB
FY23 6.1B THB
FY24 5.0B THB
FY25 4.3B THB

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Similar stocks

6 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 155,400 VND 148,549 VND -4%
DLF Limited DLF ₹627.60 ₹215.17 -66%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,150 IDR 1,330 IDR -78%
Lodha Developers Limited LODHA ₹926.65 ₹774.29 -16%
Oberoi Realty Limited OBEROIRLTY ₹1,592 ₹1,400 -12%
Godrej Properties Limited GODREJPROP ₹1,799 ₹1,034 -43%

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Frequently asked questions

Is AP (Thailand) Public Company (AP) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 17.88 THB versus a price of 7.15 THB — about +150% (undervalued). Model-based estimate, not financial advice.
What is the fair value of AP?
Our 21-model fair value for AP (Thailand) Public Company is 17.88 THB (as of Jun 26, 2026), built from audited fundamentals. The current price is 7.15 THB.
What is the quality score of AP?
AP (Thailand) Public Company has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of AP (Thailand) Public Company (AP)?
AP (Thailand) Public Company reported trailing-twelve-month revenue of about 39.4B THB (latest available figure, as of Jun 26, 2026).
What is the net profit margin of AP?
The net profit margin of AP (Thailand) Public Company is about 11.1%, meaning it keeps roughly 11.1% of revenue as net income. Based on the latest reported figures.
Does AP (Thailand) Public Company pay a dividend?
AP (Thailand) Public Company currently shows a dividend yield of about 7.38% relative to its recent price (as of Jun 26, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.