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ATP 30 Public Company (ATP30) Fair Value & Analysis

Industrials · TH · Market cap 559M THB

A3 ATP 30 Public Company ATP30 · BK
Price0.8000 THB
Fair Value1.46 THB
Upside+82.5%
Quality66/100
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Healthy Growth
Thin margins · 6.6% net margin
Low debt · generates free cash flow
4.94% dividend yield
Ranks above peers (12/14)
Moderate moat 45/100
Evidence: High Range 1.09 THB – 1.87 THB Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Share price −2.4% over the past month.

A solid business, screening 83% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1.09 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

2.13 THB 0.7506 THB Fair Value 1.46 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.7506 THB – 2.13 THB · fair‑value band 1.09 THB – 1.87 THB · the 0.8000 THB price screens below the 1.46 THB fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

ATP 30 Public Company (ATP30) currently trades at 0.8000 THB, while our model-based Fair Value estimate is 1.46 THB, implying the stock looks roughly 82.5% undervalued today. The Quality Score stands at 66/100 (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, ATP 30 Public Company generated revenue of 798M THB at a net margin of 6.6%. Revenue declined 3.7% year over year. It earns a return on equity of 9.5%. Net debt stands at 680M THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 1.09 THB (bear case) to 1.87 THB (bull case); at 0.8000 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 16% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at 83%, ATP30 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 2.37 THB 3.81 THB 5.85 THB 80
Residual Income 0.7100 THB 0.7700 THB 0.9200 THB 76
Rev-Margin DCF 1.57 THB 2.52 THB 3.74 THB 74
All 26 models by family
DCF Models
FCF DCF 2.41 THB 4.03 THB 6.47 THB 38
Owner Earnings 2.13 THB 3.57 THB 5.74 THB 31
5Y Revenue Exit 1.57 THB 2.51 THB 3.74 THB 39
5Y EBITDA Exit 2.38 THB 4.15 THB 6.35 THB 41
5Y P/E Exit 1.59 THB 2.55 THB 3.61 THB 38
10Y Revenue Exit 1.83 THB 2.78 THB 4.13 THB 36
10Y EBITDA Exit 2.35 THB 3.87 THB 6.10 THB 37
10Y P/E Exit 1.88 THB 2.81 THB 4.04 THB 35
Earnings-Based
Graham-Dodd 0.5800 THB 2.61 THB 3.57 THB 54
Lynch FV 0.6800 THB 0.9700 THB 1.26 THB 50
PEG = 1.0 0.6800 THB 0.9700 THB 1.26 THB 46
EPV 0.8000 THB 0.9300 THB 1.03 THB 59
Dividend Discount
Gordon GGM 0.2300 THB 0.4200 THB 0.5800 THB 70
DDM Multi-Stage 0.2300 THB 0.3800 THB 0.4500 THB 61
Multiples
P/E Multiple 1.35 THB 1.80 THB 2.25 THB 63
P/S Multiple 1.09 THB 1.46 THB 1.82 THB 58
P/B Multiple 1.09 THB 1.46 THB 1.82 THB 55
EV/EBIT 1.60 THB 2.17 THB 2.74 THB 53
EV/EBITDA 2.61 THB 3.52 THB 4.43 THB 54
EV/Revenue 1.10 THB 1.63 THB 2.16 THB 43
Asset-Based
NCAV (Graham) 0.4300 THB 0.5800 THB 0.8600 THB 50
Growth DCF
Growth DCF 2.37 THB 3.81 THB 5.85 THB 80
Rev-Margin DCF 1.57 THB 2.52 THB 3.74 THB 74
Economic Profit
Residual Income 0.7100 THB 0.7700 THB 0.9200 THB 76
ROIC Compounder 0.8000 THB 0.9800 THB 1.25 THB 72
Growth Earnings
Growth-Adj P/E 1.11 THB 1.58 THB 2.05 THB 68

Widest divergence: DCF Models (2.81 THB) versus Dividend Discount (0.3800 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 798M THB
Revenue growth (YoY) -3.7%
Net margin 6.6%
Return on equity 9.5%
Free cash flow 165M THB FY2025
P/E ratio 10.3
More key figures
Operating margin 9.6%
EPS (TTM) 0.0800 THB
Dividend yield 4.9%
EPS growth (YoY) -36.6%
Net debt 680M THB FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 50

Profitability 38
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 25
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

ATP 30 Public Company Limited engages in the provision of transport services in Thailand. It operates through four segments: Transport Services, Management Services, Vehicle Rental, and Maintenance Services segments. The company offers electric vehicle fleet and shuttle public transport management services.

Full company description

ATP 30 Public Company Limited engages in the provision of transport services in Thailand. It operates through four segments: Transport Services, Management Services, Vehicle Rental, and Maintenance Services segments. The company offers electric vehicle fleet and shuttle public transport management services. It operates a fleet of 277 buses, 51 minibuses, 20 electric vehicles, 388 vans, and 2 pickup trucks. The company was formerly known as Amata Transport 30 Limited Company and changed its name to ATP 30 Public Company Limited in 2012. ATP 30 Public Company Limited was founded in 2005 and is headquartered in Chonburi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ATP 30 Public Company reported revenue of 804M THB in FY2025 versus 494M THB in FY2021, a compound +13.0%/yr. Reported net income was 58.5M THB in FY2025, compounding +15.3%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
804M THB
Latest YoY
+10.4%
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.
+8.4%
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.
+15.5%
Avg. growth/yr (12Y) 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.
+12.0%
Revenue +13.0%/yr
FY21 494M THB
FY22 632M THB
FY23 669M THB
FY24 729M THB
FY25 804M THB
Net income +15.3%/yr
FY21 33.1M THB
FY22 29.2M THB
FY23 29.0M THB
FY24 45.5M THB
FY25 58.5M THB
Character of growth · EPS growth decomposed (2014-2025) +5.4 % p.a.
Revenue per share +3.7 pp

of which total revenue +11.9 pp · buybacks/dilution −8.2 pp

EBIT margin +2.3 pp
Tax rate −0.2 pp
Residual (interest, one-offs) −0.4 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). "ATP 30 Public Company Fair Value". https://www.fairvalue-calculator.com/stock/ATP30

Peer Group

Railroads · 111 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 66 · Top 25%
Fair Value upside +83% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 7% · Below median
Operating margin (TTM) 10% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.17× · Lower than median

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 10.3× · Cheaper than 75% of peers
P/B 0.95× · Cheaper than median
P/S (TTM) 0.70× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 5.1× · Cheaper 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 100 · sector 28
FUTURE 0 · sector 20
PAST 38 · sector 31
HEALTH 91 · sector 88
DIVIDEND 99 · sector 42

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 Railroads stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $301.75 $144.60 -52%
CSX Corporation CSX $49.41 $12.85 -74%
Canadian Pacific Kansas City Limited CP $92.91 $35.00 -62%
Canadian National Railway Company CNI $128.22 $92.63 -28%
Norfolk Southern Corporation NSC $327.47 $117.90 -64%
Westinghouse Air Brake Technologies Corporation WAB $259.71 $144.80 -44%
Beijing-Shanghai High-Speed Railway Co 601816 ¥4.82 ¥5.65 +17%
CRRC Corporation 601766 ¥5.65 ¥9.53 +69%
Daqin Railway Co 601006 ¥4.85 ¥6.24 +29%
Hyundai Rotem Company 064350 167,700 KRW 125,182 KRW -25%

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Frequently asked questions

Is ATP 30 Public Company (ATP30) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 1.46 THB versus a price of 0.8000 THB, about +83% (undervalued).
What is the fair value of ATP30?
Our model-based fair value for ATP 30 Public Company is 1.46 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.8000 THB.
What is the quality score of ATP30?
ATP 30 Public Company has a Quality Score of 66/100. 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 ATP 30 Public Company (ATP30)?
ATP 30 Public Company reported trailing-twelve-month revenue of about 798M THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of ATP30?
The net profit margin of ATP 30 Public Company is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does ATP 30 Public Company pay a dividend?
ATP 30 Public Company currently shows a dividend yield of about 5.00% relative to its recent price (as of Jul 18, 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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