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ARIP Public Company (ARIP) Fair Value & Analysis

Industrials · TH · Market cap 219M THB

AP ARIP Public Company ARIP · BK
Price0.4600 THB
Fair Value0.4700 THB
Upside+2.2%
Quality71/100
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Healthy Growth
Thin margins · 4.5% net margin
generates free cash flow
4.26% dividend yield
Mixed vs. peers (6/13)
Narrow moat 35/100
Evidence: High Range 0.3800 THB – 0.5600 THB Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Share price −2.1% 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.
  • Our model range runs from 0.3800 THB (bear) to 0.5600 THB (bull), base 0.4700 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

1.41 THB 0.3023 THB Fair Value 0.4700 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 0.3023 THB – 1.41 THB · fair‑value band 0.3800 THB – 0.5600 THB · the 0.4600 THB price screens below the 0.4700 THB fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

ARIP Public Company (ARIP) currently trades at 0.4600 THB, while our model-based Fair Value estimate is 0.4700 THB, implying the stock looks roughly 2.2% fairly valued today. The Quality Score stands at 71/100 (solid quality), in the Industrials 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, ARIP Public Company generated revenue of 247M THB at a net margin of 4.5%. Revenue declined 15.5% year over year. It earns a return on equity of 4.8%. The balance sheet holds a net cash position of 57.4M THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.3800 THB (bear case) to 0.5600 THB (bull case); at 0.4600 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 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 2%, ARIP 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
Residual Income 0.3400 THB 0.3400 THB 0.2900 THB 76
Growth DCF 0.5200 THB 0.6400 THB 0.7700 THB 72
Gordon GGM 0.1200 THB 0.2000 THB 0.2600 THB 70
All 26 models by family
DCF Models
FCF DCF 0.5200 THB 0.6500 THB 0.8200 THB 38
Owner Earnings 0.4200 THB 0.5200 THB 0.6500 THB 31
5Y Revenue Exit 0.4000 THB 0.5000 THB 0.6200 THB 39
5Y EBITDA Exit 0.5000 THB 0.6900 THB 0.8900 THB 41
5Y P/E Exit 0.4900 THB 0.6600 THB 0.8300 THB 38
10Y Revenue Exit 0.4500 THB 0.5400 THB 0.6500 THB 36
10Y EBITDA Exit 0.5100 THB 0.6500 THB 0.8200 THB 37
10Y P/E Exit 0.5000 THB 0.6300 THB 0.7800 THB 35
Earnings-Based
Graham-Dodd 0.1600 THB 0.4600 THB 0.6000 THB 54
Lynch FV 0.0900 THB 0.1300 THB 0.1700 THB 50
PEG = 1.0 0.0900 THB 0.1300 THB 0.1700 THB 46
EPV 0.2400 THB 0.2500 THB 0.2600 THB 59
Dividend Discount
Gordon GGM 0.1200 THB 0.2000 THB 0.2600 THB 70
DDM Multi-Stage 0.1200 THB 0.1700 THB 0.2100 THB 61
Multiples
P/E Multiple 0.3800 THB 0.5000 THB 0.6300 THB 63
P/S Multiple 0.3100 THB 0.4100 THB 0.5100 THB 58
P/B Multiple 0.3100 THB 0.4100 THB 0.5100 THB 55
EV/EBIT 0.4000 THB 0.4800 THB 0.5700 THB 53
EV/EBITDA 0.5400 THB 0.6800 THB 0.8200 THB 54
EV/Revenue 0.3200 THB 0.4000 THB 0.4800 THB 43
Asset-Based
NCAV (Graham) 0.2500 THB 0.3300 THB 0.4900 THB 50
Growth DCF
Growth DCF 0.5200 THB 0.6400 THB 0.7700 THB 72
Rev-Margin DCF 0.4000 THB 0.5100 THB 0.6300 THB 67
Economic Profit
Residual Income 0.3400 THB 0.3400 THB 0.2900 THB 76
ROIC Compounder 0.2400 THB 0.2500 THB 0.2600 THB 67
Growth Earnings
Growth-Adj P/E 0.3000 THB 0.4300 THB 0.5600 THB 68

Widest divergence: DCF Models (0.6300 THB) versus Earnings-Based (0.1300 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 247M THB
Revenue growth (YoY) -15.5%
Net margin 4.5%
Return on equity 4.8%
Free cash flow 22.1M THB FY2025
P/E ratio 23.5
More key figures
Operating margin 3.9%
EPS (TTM) 0.0200 THB
Dividend yield 4.3%
EPS growth (YoY) -3.0%
Net cash 57.4M THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 71 · Market factors (momentum, volatility) 56

Profitability 39
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 52
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

ARIP Public Company Limited engages in the management of events and marketing activities in Thailand. It operates through three segments: Media and Contents, Management of Events, and Digital Service.

Full company description

ARIP Public Company Limited engages in the management of events and marketing activities in Thailand. It operates through three segments: Media and Contents, Management of Events, and Digital Service. The company produces, distributes, and provides advertising services across print, digital, and social media platforms about business, management, and information technology, including Business+, an analytical magazine focusing on economics, business, strategy, management, and marketing; Business+ Top 1000 Companies, a magazine that compiles performance data of listed companies in Thailand; techhub.in.th, a digital media platform; and COMMART, an online media platform that offers buyer guide for technology products, as well as seminars and award ceremonies. It also organizes exhibitions, IT trade shows, and marketing events, as well as academic conferences; provides marketing and event management, as well as administrative services; and virtual event platform services, such as member management systems, sales platforms, games and activities, online conferences and seminars, live streaming, online business matching, online voting and competitions, and others. In addition, the company offers digital marketing services comprising online marketing strategy development, online communication strategy, digital branding, content marketing strategy, creative content creation, online content management, and digital media planning and buying, as well as measurement, data analysis, and reporting; and enterprise learning platform, a cloud-based online training platform to develop the skills of employees. Further, it is involved in the production of e-books, annual compilations, pocketbooks, and IT-related publications. The company was formerly known as AR Information and Public Company Limited and changed its name to ARIP Public Company Limited in January 2010. ARIP Public Company Limited was founded in 1989 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ARIP Public Company reported revenue of 255M THB in FY2025 versus 168M THB in FY2021, a compound +11.0%/yr. Reported net income was 11.2M THB in FY2025, compounding +21.1%/yr from FY2021.

Growth Quality 63/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
255M THB
Latest YoY
+18.0%
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.
+4.1%
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.
+2.6%
Avg. growth/yr (16Y) 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.
+0.8%
Revenue +11.0%/yr
FY21 168M THB
FY22 226M THB
FY23 247M THB
FY24 216M THB
FY25 255M THB
Net income +21.1%/yr
FY21 5.2M THB
FY22 12.1M THB
FY23 12.6M THB
FY24 8.3M THB
FY25 11.2M THB

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

Peer Group

Specialty Business Services · 253 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 71 · Top 25%
Fair Value upside +2% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 3% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth -16% · Bottom 25%
Dividend yield (TTM) 4.3% · Above median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 23.5× · Pricier than median
P/B 0.95× · Cheaper than median
P/S (TTM) 0.89× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 9.1× · Pricier than median

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 36 · sector 24
FUTURE 0 · sector 27
PAST 19 · sector 33
HEALTH 0 · sector 92
DIVIDEND 85 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is ARIP Public Company (ARIP) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.4700 THB versus a price of 0.4600 THB, about +2% (fairly valued).
What is the fair value of ARIP?
Our model-based fair value for ARIP Public Company is 0.4700 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.4600 THB.
What is the quality score of ARIP?
ARIP Public Company has a Quality Score of 71/100. 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 ARIP Public Company (ARIP)?
ARIP Public Company reported trailing-twelve-month revenue of about 247M THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of ARIP?
The net profit margin of ARIP Public Company is about 4.5%, meaning it keeps roughly 4.5% of revenue as net income. Based on the latest reported figures.
Does ARIP Public Company pay a dividend?
ARIP Public Company currently shows a dividend yield of about 4.55% relative to its recent price (as of Jul 17, 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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