Asia Sermkij Leasing Public Company Limited (ASK) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Asia Sermkij Leasing Public Company Limited stock THB 11.16, price THB 9.65, upside +15.7%, quality 48 out of 100. Rating: undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 5.95 THB – 39.52 THB · fair‑value band 6.26 THB – 20.76 THB · the 9.65 THB price screens below the 11.16 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Asia Sermkij Leasing Public Company Limited, together with its subsidiaries, engages in the provision of auto hire purchase services in Thailand. It operates through hire purchase, leasing, and loan segment.
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The company provides automobile hire purchase services mainly to individual customers for both new and used automobiles, including passenger and commercial cars, such as pickups, vans, trucks, taxis, and minibuses.
It also offers financing services, such as car loans, sale and hire purchase back services, and SHB services; insurance, comprising vehicle voluntary and compulsory motor, machine, fire, marine and cargo, life, credit life, personal accident, and third-party liability insurance.
In addition, it is involved in machinery, equipment, and vehicle leasing and hire purchase business; solar power purchase agreement business; and auto registrations and transfers, and tax renewal services. The company was founded in 1984 and is based in Bangkok, Thailand.
Stock analysis
Asia Sermkij Leasing Public Company Limited (ASK) currently trades at 9.65 THB, while our model-based Fair Value estimate is 11.16 THB, implying the stock looks roughly 14% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 43.62 THB per share, and 6 of the 11 models we run sit above the 9.65 THB price.
Bear case: the Dividend Discount group reads lowest at 2.57 THB, and 5 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6.26 THB (bear) to 20.76 THB (bull), the price of 9.65 THB sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Asia Sermkij Leasing Public Company Limited reported revenue of 5.5B THB in FY2025 versus 4.3B THB in FY2021, a compound +5.9%/yr. Reported net income was 532M THB in FY2025, compounding −18.5%/yr from FY2021.
Key figures
Market cap 6.8B THB (≈ $203M) Micro · P/E ratio 10.4 · P/S ratio 2.31 · EPS (TTM) 0.9300 THB · Dividend yield 4.1% · Net margin 22.8% · Return on equity 5.7% · Return on assets (EBIT) 2.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −1% fair-value upside, at 16%, ASK screens cheaper than that median.
Fair Value models
Bear6.26 THBFair Value 11.16 THBBull20.76 THB
Price 9.65 THB · Upside +15.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.4545 THB per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income10.79 THB10.71 THB11.23 THB76
Growth DCF19.33 THB43.62 THB73.79 THB75
Owner Earningsn/a6.13 THB>24.52 THB73
All 13 models by family
DCF Models
Owner Earningsn/a6.13 THB>24.52 THB73
5Y P/E Exitn/an/a5.49 THB67
10Y P/E Exit3.29 THB13.13 THB24.42 THB59
Earnings-Based
Graham-Dodd5.14 THB20.29 THB27.56 THB64
Lynch FV5.02 THB7.17 THB9.32 THB61
Dividend Discount
Gordon GGM1.60 THB2.62 THB3.34 THB69
DDM Multi-Stage1.60 THB2.52 THB2.83 THB67
Multiples
P/E Multiple7.36 THB9.82 THB12.27 THB63
P/B Multiple17.66 THB23.54 THB29.43 THB55
Asset-Based
NCAV (Graham)2.43 THB3.69 THB4.61 THB54
Growth DCF
Growth DCF19.33 THB43.62 THB73.79 THB75
Rev-Margin DCFn/an/a6.04 THB69
Economic Profit
Residual Income10.79 THB10.71 THB11.23 THB76
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
Revenue growth 21 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.7%
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What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−14.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.2%
Dividend (yield on the price)4.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−18.2% vs −7.2%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.33% → 47%
Compare Asia Sermkij Leasing Public Company Limited with another stock
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Peer Groupⓘ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.Credit Services · 283 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+15.7% · Below median
Profitability
Return on equity (12 months)5.7% · Below median
Return on assets0.9% · Bottom 25%
Net margin (12 months)22.8% · Below median
Operating margin (12 months)55.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)23.0% · Above median
Dividend yield (12 months)4.1% · Above median
Balance sheet
Debt / equity2.27× · Above median
Valuation Multiplesvs Credit Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Asia Sermkij Leasing Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/ASK
Frequently asked questions
Is Asia Sermkij Leasing Public Company Limited (ASK) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 11.16 THB versus a price of 9.65 THB, about +16% upside (undervalued).
What is the fair value of ASK?
Our model-based fair value for Asia Sermkij Leasing Public Company Limited is 11.16 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 9.65 THB.
What is the quality score of ASK?
Asia Sermkij Leasing Public Company Limited has a Quality Score of 48/100. 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 price target for Asia Sermkij Leasing Public Company Limited (ASK)?
Our model-based price target is the fair value of 11.16 THB (as of Nov 7, 2026) from 13 valuation models. Cautious scenario 6.26 THB, optimistic scenario 20.76 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Asia Sermkij Leasing Public Company Limited stock forecast for 2026?
Our models put fair value at 11.16 THB, about +16% upside versus a price of 9.65 THB (undervalued). Cautious scenario 6.26 THB, optimistic scenario 20.76 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Asia Sermkij Leasing Public Company Limited (ASK)?
Asia Sermkij Leasing Public Company Limited reported trailing-twelve-month revenue of about 2.9B THB (latest available figure, as of Nov 7, 2026).
Does Asia Sermkij Leasing Public Company Limited pay a dividend?
Asia Sermkij Leasing Public Company Limited currently shows a dividend yield of 4.15% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Asia Sermkij Leasing Public Company Limited (ASK) and when is the ex-dividend date?
Asia Sermkij Leasing Public Company Limited pays a dividend of 0.4 THB per share a year, a dividend yield of 4.1%. The last ex-dividend date was Feb 27, 2026. A dividend has been paid every year since at least 2005. The payout ratio is 43.0% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Asia Sermkij Leasing Public Company Limited (ASK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asia Sermkij Leasing Public Company Limited it is 11.16 THB per share (as of Nov 7, 2026), against a price of 9.65 THB. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Asia Sermkij Leasing Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ASK trades below its calculated fair value: price 9.65 THB, fair value 11.16 THB, a gap of about +16% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ASK?
No. The price is what the market pays today (9.65 THB); the fair value is what the company's own numbers justify (11.16 THB). For Asia Sermkij Leasing Public Company Limited the two are 1.51 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Asia Sermkij Leasing Public Company Limited worth?
The market values Asia Sermkij Leasing Public Company Limited at about 6.8B THB (market capitalisation, as of Nov 7, 2026). Per share that is 9.65 THB; our models calculate a fair value of 11.16 THB per share.
What do the bullish and bearish scenarios say about ASK?
Our models span a range for Asia Sermkij Leasing Public Company Limited: cautious scenario 6.26 THB, base 11.16 THB, optimistic 20.76 THB per share (as of Nov 7, 2026, price 9.65 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASK?
Asia Sermkij Leasing Public Company Limited trades at a price-to-earnings ratio of 10.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.16 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 11.9. Other multiples: PEG 0.0, P/B 0.6, P/S 2.3, EV/EBITDA 11.7.
What is the PEG ratio of ASK?
The PEG ratio of Asia Sermkij Leasing Public Company Limited is 0.02 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Asia Sermkij Leasing Public Company Limited (ASK)?
Balance-sheet figures for Asia Sermkij Leasing Public Company Limited (as of Nov 7, 2026): return on equity 5.7%, debt of 2.27 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is ASK from its 52-week high?
Asia Sermkij Leasing Public Company Limited trades at 9.65 THB, about 23% below its 52-week high of 12.60 THB and 43% above the low of 6.77 THB (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 11.16 THB is for.
Which stocks are comparable to Asia Sermkij Leasing Public Company Limited?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Asia Sermkij Leasing Public Company Limited stock attractive at the current price?
The data as of Nov 7, 2026: price 9.65 THB, calculated fair value 11.16 THB (+16%), Quality Score 48/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ASK calculated?
We run Asia Sermkij Leasing Public Company Limited through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 11.16 THB builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Asia Sermkij Leasing Public Company Limited currently trades 14% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Asia Sermkij Leasing Public Company Limited (ASK)?
The closing price on Nov 9, 2026 was 9.65 THB. Our model-based fair value is 11.16 THB, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asia Sermkij Leasing Public Company Limited right now?
The model range is unusually wide (6.26 THB to 20.76 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Asia Sermkij Leasing Public Company Limited (ASK) come from?
Earnings per share at Asia Sermkij Leasing Public Company Limited grew −4.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.2 %, EBIT margin −6.5 %, tax rate −0.1 %, residual (interest, one-offs) −2.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Asia Sermkij Leasing Public Company Limited
How large is the market capitalisation of Asia Sermkij Leasing Public Company Limited (ASK)?
The market capitalisation of Asia Sermkij Leasing Public Company Limited is 6.8B THB (≈ $203M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Asia Sermkij Leasing Public Company Limited (ASK)?
The price-to-sales ratio of Asia Sermkij Leasing Public Company Limited is 2.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Asia Sermkij Leasing Public Company Limited (ASK)?
Earnings per share at Asia Sermkij Leasing Public Company Limited are 0.9300 THB (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Asia Sermkij Leasing Public Company Limited (ASK)?
The dividend yield of Asia Sermkij Leasing Public Company Limited is 4.1% (payout 43.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Asia Sermkij Leasing Public Company Limited (ASK)?
The net margin of Asia Sermkij Leasing Public Company Limited is 22.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Asia Sermkij Leasing Public Company Limited (ASK)?
The return on equity (ROE) of Asia Sermkij Leasing Public Company Limited is 5.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Asia Sermkij Leasing Public Company Limited (ASK)?
On an EBIT basis the return on assets of Asia Sermkij Leasing Public Company Limited is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Asia Sermkij Leasing Public Company Limited (ASK)?
The operating margin of Asia Sermkij Leasing Public Company Limited is 55.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asia Sermkij Leasing Public Company Limited (ASK)?
Revenue at Asia Sermkij Leasing Public Company Limited is growing +23.0% versus a year earlier (3y avg −0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Asia Sermkij Leasing Public Company Limited (ASK)?
Earnings per share at Asia Sermkij Leasing Public Company Limited are growing +43.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Asia Sermkij Leasing Public Company Limited (ASK) generate?
The free cash flow of Asia Sermkij Leasing Public Company Limited is 11.1B THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Asia Sermkij Leasing Public Company Limited (ASK) carry?
The net debt of Asia Sermkij Leasing Public Company Limited is 47.6B THB (fiscal year 2025, ≈ 4.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026