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Asset World Corp (AWC) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 90.3B THB

AW Asset World Corp AWC · BK
Price2.98 THB
Fair Value3.39 THB
Upside+13.8%
Quality40/100
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Expensive Growth
Highly profitable · 35.5% net margin
Low debt · negative free cash flow
2.84% dividend yield
Ranks above peers (8/13)
Moderate moat 60/100
Evidence: High Range 2.54 THB – 4.24 THB Share as image

Fair value as of: Jul 16, 2026

From 9 valuation models · updated 24 days ago

Share price +19.2% over the past month.

Below-average quality, screening 14% undervalued on our models.

What matters now

  • Our model range runs from 2.54 THB (bear) to 4.24 THB (bull), base 3.39 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 40/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

5.85 THB 1.54 THB Fair Value 3.39 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 1.54 THB – 5.85 THB · fair‑value band 2.54 THB – 4.24 THB · the 2.98 THB price screens below the 3.39 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Asset World Corp (AWC) currently trades at 2.98 THB, while our model-based Fair Value estimate is 3.39 THB, implying the stock looks roughly 13.8% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Consumer Cyclical 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, Asset World Corp generated revenue of 18.1B THB at a net margin of 35.5%. Revenue grew 12.8% year over year. It earns a return on equity of 6.7%. Net debt stands at 94.5B THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 2.54 THB (bear case) to 4.24 THB (bull case); at 2.98 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 near its 52-week high and 100% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at 14%, AWC 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 BearBaseBull Evidence
Highest evidence
Residual Income 2.41 THB 2.52 THB 2.65 THB 76
Gordon GGM 0.6900 THB 1.43 THB 2.27 THB 70
DDM Multi-Stage 0.6900 THB 1.21 THB 1.50 THB 61
All 9 models by family
Dividend Discount
Gordon GGM 0.6900 THB 1.43 THB 2.27 THB 70
DDM Multi-Stage 0.6900 THB 1.21 THB 1.50 THB 61
Multiples
P/S Multiple 2.54 THB 3.39 THB 4.24 THB 58
P/B Multiple 2.54 THB 3.39 THB 4.24 THB 55
EV/EBIT 0.7500 THB 1.46 THB 2.16 THB 53
EV/EBITDA 1.16 THB 2.00 THB 2.84 THB 54
EV/Revenue 0.3000 THB 0.8000 THB 43
Asset-Based
NCAV (Graham) 1.49 THB 2.00 THB 2.99 THB 50
Economic Profit
Residual Income 2.41 THB 2.52 THB 2.65 THB 76

Widest divergence: Economic Profit (2.52 THB) versus Dividend Discount (1.21 THB). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 18.1B THB
Revenue growth (YoY) +12.6%
Net margin 35.5%
Return on equity 6.7%
Free cash flow −4.1B THB FY2025
P/E ratio 14.1
More key figures
Operating margin 26.5%
EPS (TTM) 0.2000 THB
Dividend yield 2.8%
EPS growth (YoY) +1.0%
Net debt 94.5B THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 39 · Market factors (momentum, volatility) 85

Profitability 35
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 81
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

Asset World Corp Public Company Limited invests in, develops, and manages real estate properties in Thailand. It operates through two segments: Hotel and Related Services, and Rental and Rendering of Commercial Building Services.

Full company description

Asset World Corp Public Company Limited invests in, develops, and manages real estate properties in Thailand. It operates through two segments: Hotel and Related Services, and Rental and Rendering of Commercial Building Services. The company owns and develops hotels; lifestyle destinations, community shopping malls, and community markets; rental and rendering of commercial building services; social enterprise; and mixed-use properties. It also operates digital commerce platforms; management services; and engages in property leasing activities. Asset World Corp Public Company Limited was founded in 1960 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Asset World Corp reported revenue of 17.4B THB in FY2025 versus 4.5B THB in FY2021, a compound +40.2%/yr. Reported net income was 6.4B THB in FY2025, compounding +65.0%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
17.4B THB
Latest YoY
+9.1%
Avg. growth/yr (3Y)
+22.1%
Avg. growth/yr (5Y)
+23.6%
Avg. growth/yr (9Y)
+7.6%
Revenue +40.2%/yr
FY21 4.5B THB
FY22 9.5B THB
FY23 14.0B THB
FY24 15.9B THB
FY25 17.4B THB
Net income +65.0%/yr
FY21 861M THB
FY22 3.9B THB
FY23 5.0B THB
FY24 5.9B THB
FY25 6.4B THB

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Cite: Fair Value Calculator (2026). "Asset World Corp Fair Value". https://www.fairvalue-calculator.com/stock/AWC

Peer Group

Lodging · 170 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 41 · Below median
Fair Value upside +14% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 1% · Below median
Net margin (TTM) 35% · Top 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth 13% · Top 25%
Dividend yield (TTM) 2.8% · Top 25%
Debt / equity 0.46× · Higher than median

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 14.1× · Cheaper than 75% of peers
P/B 0.94× · Cheaper than median
P/S (TTM) 5.00× · Pricier than 75% of peers
EV/EBITDA 21.6× · Pricier than 75% of peers

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 52 · sector 1
FUTURE 63 · sector 18
PAST 27 · sector 11
HEALTH 77 · sector 91
DIVIDEND 57 · sector 23

Insider activity: 40/100

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 Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is Asset World Corp (AWC) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 3.39 THB versus a price of 2.98 THB, about +14% (undervalued).
What is the fair value of AWC?
Our model-based fair value for Asset World Corp is 3.39 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 2.98 THB.
What is the quality score of AWC?
Asset World Corp has a Quality Score of 40/100. 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 Asset World Corp (AWC)?
Asset World Corp reported trailing-twelve-month revenue of about 18.1B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of AWC?
The net profit margin of Asset World Corp is about 35.5%, meaning it keeps roughly 35.5% of revenue as net income. Based on the latest reported figures.
Does Asset World Corp pay a dividend?
Asset World Corp currently shows a dividend yield of about 3.31% relative to its recent price (as of Jul 16, 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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