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Asphere Innovations Public Company (AS) Fair Value & Analysis

Communication Services · TH · Market cap 1.2B THB

AI Asphere Innovations Public Company AS · BK
Price2.24 THB
Fair Value5.54 THB
Upside+147.3%
Quality94/100
Evidence: High Range 4.29 THB – 6.79 THB

Fair value as of: Jun 25, 2026

From 24 valuation models · updated 4 days ago

Fair value updated Jun 25, 2026 — revised from 6.30 THB to 5.54 THB (−12.1%) since Jun 24, 2026. Share price −6.5% over the past month.

Price vs Fair Value (12 months)

3.68 THB 1.78 THB Fair Value 5.54 THB Jun 2025 Jun 2026

12‑month range 1.78 THB – 3.68 THB · fair‑value band 4.29 THB – 6.79 THB · the 2.24 THB price screens below the 5.54 THB fair value. As of Jun 25, 2026.

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Analysis

Asphere Innovations Public Company (AS) currently trades at 2.24 THB, while our model-based Fair Value estimate is 5.54 THB — implying the stock looks roughly 147.3% undervalued today. We read business quality at 94/100 (high 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: high) — always confirm before acting.

Over the trailing twelve months, Asphere Innovations Public Company generated revenue of 1.3B THB at a net margin of 10.4%. Revenue grew 22.7% year over year. It earns a return on equity of 9.4%. The balance sheet holds a net cash position of 262M THB. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) 1.3B THB
Revenue growth (YoY) +22.7%
Net margin 10.4%
Return on equity 9.4%
Free cash flow 232M THB FY2025
P/E ratio 8.7
More key figures
Operating margin 11.8%
EPS (TTM) 0.2700 THB
Dividend yield 8.4%
EPS growth (YoY) -27.8%
Net cash 262M THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

Asphere Innovations Public Company Limited, together with its subsidiaries, provides online game services in Thailand, Singapore, Vietnam, and internationally. It operates through Publishing Online Game, Distribution, and Other segments. The company offers publishing online game services through the internet based on the agreement of publisher with the game developer. It also provides payment channel services and marketing services. The company was formerly known as Asiasoft Corporation Public Company Limited and changed its name to Asphere Innovations Public Company Limited in May 2023. Asphere Innovations Public Company Limited was incorporated in 2001 and is based in Bangkok, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Asphere Innovations Public Company reported revenue of 1.2B THB in FY2025 versus 1.9B THB in FY2021, a compound −10.0%/yr. Reported net income was 143M THB in FY2025, compounding −26.1%/yr from FY2021.

Revenue −10.0%/yr
FY21 1.9B THB
FY22 1.6B THB
FY23 1.4B THB
FY24 1.1B THB
FY25 1.2B THB
Net income −26.1%/yr
FY21 479M THB
FY22 269M THB
FY23 218M THB
FY24 189M THB
FY25 143M THB

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6 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jun 25, 2026).

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NetEase, Inc NTES $121.57 $251.46 +107%
Nintendo Co NTDOF $42.74 $35.44 -17%
Electronic Arts Inc EA $202.97 $77.82 -62%
Take-Two Interactive Software, Inc TTWO $214.39 $102.48 -52%
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Frequently asked questions

Is Asphere Innovations Public Company (AS) undervalued?
As of Jun 25, 2026, our model estimates a fair value of 5.54 THB versus a price of 2.24 THB — about +147% (undervalued). Model-based estimate, not financial advice.
What is the fair value of AS?
Our 21-model fair value for Asphere Innovations Public Company is 5.54 THB (as of Jun 25, 2026), built from audited fundamentals. The current price is 2.24 THB.
What is the quality score of AS?
Asphere Innovations Public Company has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Asphere Innovations Public Company (AS)?
Asphere Innovations Public Company reported trailing-twelve-month revenue of about 1.3B THB (latest available figure, as of Jun 25, 2026).
What is the net profit margin of AS?
The net profit margin of Asphere Innovations Public Company is about 10.4%, meaning it keeps roughly 10.4% of revenue as net income. Based on the latest reported figures.
Does Asphere Innovations Public Company pay a dividend?
Asphere Innovations Public Company currently shows a dividend yield of about 8.40% relative to its recent price (as of Jun 25, 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.