Bangkok Union Insurance Public Co. Ltd. (BUI) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bangkok Union Insurance Public Co. Ltd. THB 15.94, price THB 12.60, upside +26.5%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 4.40 THB – 18.51 THB · fair‑value band 11.95 THB – 19.92 THB · the 12.60 THB price screens below the 15.94 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Bangkok Union Insurance Public Company Limited provides general insurance products in Thailand. It operates through Non-Life Insurance Business " Fire, Non-Life Insurance Business " Marine and Cargo, Non-Life Insurance Business " Motor, Non-Life Insurance Business " Miscellaneous, and Office Space Rental Business segments.
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Bangkok Union Insurance Public Company Limited provides general insurance products in Thailand. It operates through Non-Life Insurance Business " Fire, Non-Life Insurance Business " Marine and Cargo, Non-Life Insurance Business " Motor, Non-Life Insurance Business " Miscellaneous, and Office Space Rental Business segments. The company offers fire insurance comprising fire dwelling house and property all risks insurance; car insurance consisting of compulsory and voluntary motor insurance; and marine and transportation insurance, such as international and inland cargo, carrier's liability, and marine hull and machinery insurance. It also provides miscellaneous insurance comprising health; personal accident insurance, including individual, group, student, and travel accident insurance products; public liability insurance; plate glass insurance; golfers' indemnity insurance; burglary insurance; money insurance; fidelity guarantee insurance; engineering insurance, such as contract works, machinery, boiler, contractors' equipment, and electronic equipment insurance; and compulsory passenger boat insurance. In addition, the company leases office space. Bangkok Union Insurance Public Company Limited was incorporated in 1929 and is headquartered in Bangkok, Thailand.
Stock analysis
Bangkok Union Insurance Public Co. Ltd. (BUI) currently trades at 12.60 THB, while our model-based Fair Value estimate is 15.94 THB, implying the stock looks roughly 20.9% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 30.79 THB per share, and 6 of the 6 models we run sit above the 12.60 THB price.
Bear case: the Asset-Based group reads lowest at 13.86 THB, and 0 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 11.95 THB (bear) to 19.92 THB (bull), the price of 12.60 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 55/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bangkok Union Insurance Public Co. Ltd. reported revenue of 1.4B THB in FY2025 versus 995M THB in FY2021, a compound +9.3%/yr. Reported net income was 71.0M THB in FY2025, compounding −6.4%/yr from FY2021.
Key figures
Market cap 610M THB (≈ $18.3M) · P/E ratio 8.3 · P/S ratio 0.42 · EPS (TTM) 1.51 THB · Dividend yield 1.4% · Net margin 5.0% · Return on equity 7.0% · Return on assets (EBIT) 7.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at 26%, BUI screens cheaper than that median.
Fair Value models
Bear 11.95 THBFair Value 15.94 THBBull 19.92 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.9714 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.Evidence ⓘEvidence = 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.
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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+35.1%
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.
+5.4%
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.
+8.7%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 25 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.
+6.7%
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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.
+31.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.0%
Dividend (yield on the price)1.4%
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.30% vs 9%, picking up
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.2% → 7%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−35.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −36.1% a year for the price.
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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.Insurance - Property & Casualty · 119 stocks
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Cite: Fair Value Calculator (2026). "Bangkok Union Insurance Public Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/BUI
Frequently asked questions
Is Bangkok Union Insurance Public Co. Ltd. (BUI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 15.94 THB versus a price of 12.60 THB, about +26% upside (undervalued).
What is the fair value of BUI?
Our model-based fair value for Bangkok Union Insurance Public Co. Ltd. is 15.94 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 12.60 THB.
What is the quality score of BUI?
Bangkok Union Insurance Public Co. Ltd. has a Quality Score of 55/100. 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 Bangkok Union Insurance Public Co. Ltd. (BUI)?
Our model-based price target is the fair value of 15.94 THB (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 11.95 THB, optimistic scenario 19.92 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Bangkok Union Insurance Public Co. Ltd. stock forecast for 2026?
Our models put fair value at 15.94 THB, about +26% upside versus a price of 12.60 THB (undervalued). Cautious scenario 11.95 THB, optimistic scenario 19.92 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Bangkok Union Insurance Public Co. Ltd. (BUI)?
Bangkok Union Insurance Public Co. Ltd. reported trailing-twelve-month revenue of about 1.4B THB (latest available figure, as of Sep 24, 2026).
Does Bangkok Union Insurance Public Co. Ltd. pay a dividend?
Bangkok Union Insurance Public Co. Ltd. currently shows a dividend yield of about 1.44% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bangkok Union Insurance Public Co. Ltd. (BUI)?
For today's price to be fair in a discounted-cash-flow model, Bangkok Union Insurance Public Co. Ltd. would have to grow free cash flow by -35.4 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BUI use?
Our models discount Bangkok Union Insurance Public Co. Ltd. at 11.6 %: a base by market capitalisation (nano), country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bangkok Union Insurance Public Co. Ltd. that is -35.4 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Bangkok Union Insurance Public Co. Ltd. (BUI) delivered so far?
Over the past 5 years revenue at Bangkok Union Insurance Public Co. Ltd. grew +8.7 % a year. The price currently implies -35.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bangkok Union Insurance Public Co. Ltd. (BUI) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Bangkok Union Insurance Public Co. Ltd. (-35.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bangkok Union Insurance Public Co. Ltd. (BUI)?
The free-cash-flow yield on the price is 28.35 %: that much free cash flow Bangkok Union Insurance Public Co. Ltd. produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bangkok Union Insurance Public Co. Ltd. (BUI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bangkok Union Insurance Public Co. Ltd. it is 15.94 THB per share (as of Sep 24, 2026), against a price of 12.60 THB. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bangkok Union Insurance Public Co. Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BUI trades below its calculated fair value: price 12.60 THB, fair value 15.94 THB, a gap of about +26% (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 BUI?
No. The price is what the market pays today (12.60 THB); the fair value is what the company's own numbers justify (15.94 THB). For Bangkok Union Insurance Public Co. Ltd. the two are 3.34 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Bangkok Union Insurance Public Co. Ltd. worth?
The market values Bangkok Union Insurance Public Co. Ltd. at about 610M THB (market capitalisation, as of Sep 24, 2026). Per share that is 12.60 THB; our models calculate a fair value of 15.94 THB per share.
What do the bullish and bearish scenarios say about BUI?
Our models span a range for Bangkok Union Insurance Public Co. Ltd.: cautious scenario 11.95 THB, base 15.94 THB, optimistic 19.92 THB per share (as of Sep 24, 2026, price 12.60 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BUI?
Bangkok Union Insurance Public Co. Ltd. trades at a price-to-earnings ratio of 8.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 15.94 THB is built from several models across several years. Other multiples: PEG 3.7, P/B 0.5, P/S 0.4, EV/EBITDA 2.7.
What is the PEG ratio of BUI?
The PEG ratio of Bangkok Union Insurance Public Co. Ltd. is 3.71 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Bangkok Union Insurance Public Co. Ltd. (BUI)?
Balance-sheet figures for Bangkok Union Insurance Public Co. Ltd. (as of Sep 24, 2026): return on equity 7.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is BUI from its 52-week high?
Bangkok Union Insurance Public Co. Ltd. trades at 12.60 THB, at its 52-week high of 12.60 THB and 25% above the low of 10.09 THB (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 15.94 THB is for.
Which stocks are comparable to Bangkok Union Insurance Public Co. Ltd.?
From the same area (Financial Services) we also value The Progressive Corporation, Chubb Limited, The Travelers Companies, Inc, The Allstate 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 Bangkok Union Insurance Public Co. Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 12.60 THB, calculated fair value 15.94 THB (+26%), Quality Score 55/100, from 6 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 BUI calculated?
We run Bangkok Union Insurance Public Co. Ltd. through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 15.94 THB, 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 14.1 % above its aggregate fair value. Bangkok Union Insurance Public Co. Ltd. currently trades 26 % 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 Bangkok Union Insurance Public Co. Ltd. (BUI)?
The closing price on Sep 23, 2026 was 12.60 THB. Our model-based fair value is 15.94 THB, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bangkok Union Insurance Public Co. Ltd. right now?
Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Bangkok Union Insurance Public Co. Ltd. (BUI) come from?
Earnings per share at Bangkok Union Insurance Public Co. Ltd. grew +13.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.1 %, EBIT margin +10.2 %, tax rate +0.2 %, residual (interest, one-offs) +0.0 %. 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 Bangkok Union Insurance Public Co. Ltd.
How large is the market capitalisation of Bangkok Union Insurance Public Co. Ltd. (BUI)?
The market capitalisation of Bangkok Union Insurance Public Co. Ltd. is 610M THB (≈ $18.3M). 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 Bangkok Union Insurance Public Co. Ltd. (BUI)?
The price-to-sales ratio of Bangkok Union Insurance Public Co. Ltd. is 0.42 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bangkok Union Insurance Public Co. Ltd. (BUI)?
Earnings per share at Bangkok Union Insurance Public Co. Ltd. are 1.51 THB (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bangkok Union Insurance Public Co. Ltd. (BUI)?
The dividend yield of Bangkok Union Insurance Public Co. Ltd. is 1.4% (payout 12.1%). 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 Bangkok Union Insurance Public Co. Ltd. (BUI)?
The net margin of Bangkok Union Insurance Public Co. Ltd. is 5.0% (fiscal year 2025). 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 Bangkok Union Insurance Public Co. Ltd. (BUI)?
The return on equity (ROE) of Bangkok Union Insurance Public Co. Ltd. is 7.0% (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 Bangkok Union Insurance Public Co. Ltd. (BUI)?
On an EBIT basis the return on assets of Bangkok Union Insurance Public Co. Ltd. is 7.0% (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 Bangkok Union Insurance Public Co. Ltd. (BUI)?
The operating margin of Bangkok Union Insurance Public Co. Ltd. is 5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bangkok Union Insurance Public Co. Ltd. (BUI)?
Revenue at Bangkok Union Insurance Public Co. Ltd. is growing +1.6% versus a year earlier (3y avg +5.4%). 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 Bangkok Union Insurance Public Co. Ltd. (BUI)?
Earnings per share at Bangkok Union Insurance Public Co. Ltd. are growing +143% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bangkok Union Insurance Public Co. Ltd. (BUI) hold?
Bangkok Union Insurance Public Co. Ltd. holds more cash than debt, 303M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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