Blueventure Group PCL (BVG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Blueventure Group PCL THB 3.79, price THB 1.58, upside +139.9%, quality 62 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
43‑month range 1.41 THB – 8.36 THB · fair‑value band 2.55 THB – 4.88 THB · the 1.58 THB price screens below the 3.79 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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BlueVenture Group Public Company Limited provides software solutions in the motor claim industry in Thailand. The company offers AI solutions for motor claims management comprising AI Review for use in automating claims settlement process; and AI Estimate for visual assessments to understand damage and accelerate claims.
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BlueVenture Group Public Company Limited provides software solutions in the motor claim industry in Thailand. The company offers AI solutions for motor claims management comprising AI Review for use in automating claims settlement process; and AI Estimate for visual assessments to understand damage and accelerate claims. It also provides claim notification suite, such as M-Survey, a system that combines a platform between web applications and mobile apps; e-Survey, a system that helps surveyors to collect relevant information at the accident scene; and CarMate, a mobile application that includes services for various vehicle usage. In addition, the company offers claim settlement suite, including e-Claim, an auto repair claim system; e-Part, an auto parts ordering system spare part management software between insurance companies and parts stores; and e-Auction, a vehicle auction system. Further, it provides garage management solutions comprising e-Catalogue that helps garages to find the right parts and labor prices; e-Garage, a garage management system for cash type customers; m-Service, a mobile application solution for service providers; and Image gallery for taking pictures and submit the quotation for repair, as well as enhancement modules, including VDO call, photo guide, and business intelligence dashboard. The company was formerly known as EMCS Thai Co., Ltd. and changed its name to BlueVenture Group Public Company Limited in July 2022. BlueVenture Group Public Company Limited was founded in 2000 and is based in Bangkok, Thailand. BlueVenture Group Public Company Limited is a subsidiary of Thai Reinsurance Public Company Limited.
Stock analysis
Blueventure Group PCL (BVG) currently trades at 1.58 THB, while our model-based Fair Value estimate is 3.79 THB, implying the stock looks roughly 58.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 4.46 THB per share, and 20 of the 26 models we run sit above the 1.58 THB price.
Bear case: the Asset-Based group reads lowest at 1.16 THB, and 6 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 2.55 THB (bear) to 4.88 THB (bull), the price of 1.58 THB sits below 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 62/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Blueventure Group PCL reported revenue of 601M THB in FY2025 versus 400M THB in FY2021, a compound +10.7%/yr. Reported net income was 62.7M THB in FY2025, compounding +15.6%/yr from FY2021.
Key figures
Market cap 711M THB (≈ $21.3M) · P/E ratio 11.3 · P/S ratio 1.18 · EPS (TTM) 0.1400 THB · Dividend yield 5.1% · Net margin 10.4% · Return on equity 7.8% · Return on assets (EBIT) 10.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at 140%, BVG screens cheaper than that median.
Fair Value models
Bear 2.55 THBFair Value 3.79 THBBull 4.88 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 (0.0433 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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+16.1%
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.
+10.9%
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.
+9.1%
Start year 2020 (pandemic)
Revenue growth 6 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.
+7.7%
’19
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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.
−24.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.9%
Dividend (yield on the price)5.1%
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.20% → 14%
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).
−30.9%
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 −31.7% a year for the price.
Price, fair value, quality and upside side by side.
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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.Software - Application · 721 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+138% · Top 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets5% · Above median
Net margin (TTM)10% · Above median
Operating margin (TTM)11% · Above median
Growth and dividend
Revenue growth−13% · Bottom 25%
Dividend yield (TTM)5.1% · Top 25%
Valuation Multiplesvs Software - Application 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). "Blueventure Group PCL Fair Value". https://www.fairvalue-calculator.com/stock/BVG
Frequently asked questions
Is Blueventure Group PCL (BVG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3.79 THB versus a price of 1.58 THB, about +140% upside (undervalued).
What is the fair value of BVG?
Our model-based fair value for Blueventure Group PCL is 3.79 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.58 THB.
What is the quality score of BVG?
Blueventure Group PCL has a Quality Score of 62/100. 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 Blueventure Group PCL (BVG)?
Our model-based price target is the fair value of 3.79 THB (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 2.55 THB, optimistic scenario 4.88 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Blueventure Group PCL stock forecast for 2026?
Our models put fair value at 3.79 THB, about +140% upside versus a price of 1.58 THB (undervalued). Cautious scenario 2.55 THB, optimistic scenario 4.88 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Blueventure Group PCL (BVG)?
Blueventure Group PCL reported trailing-twelve-month revenue of about 577M THB (latest available figure, as of Sep 24, 2026).
Does Blueventure Group PCL pay a dividend?
Blueventure Group PCL currently shows a dividend yield of about 5.13% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Blueventure Group PCL (BVG)?
For today's price to be fair in a discounted-cash-flow model, Blueventure Group PCL would have to grow free cash flow by -30.9 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BVG use?
Our models discount Blueventure Group PCL at 10.8 %: a base by market capitalisation (nano), damped by beta 0.72, 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 Blueventure Group PCL that is -30.9 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Blueventure Group PCL (BVG) delivered so far?
Over the past 5 years revenue at Blueventure Group PCL grew +9.1 % a year. The price currently implies -30.9 % 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 Blueventure Group PCL (BVG) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Blueventure Group PCL (-30.9 % 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 Blueventure Group PCL (BVG)?
The free-cash-flow yield on the price is 14.13 %: that much free cash flow Blueventure Group PCL produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Blueventure Group PCL (BVG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Blueventure Group PCL it is 3.79 THB per share (as of Sep 24, 2026), against a price of 1.58 THB. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Blueventure Group PCL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BVG trades below its calculated fair value: price 1.58 THB, fair value 3.79 THB, a gap of about +140% (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 BVG?
No. The price is what the market pays today (1.58 THB); the fair value is what the company's own numbers justify (3.79 THB). For Blueventure Group PCL the two are 2.21 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Blueventure Group PCL worth?
The market values Blueventure Group PCL at about 711M THB (market capitalisation, as of Sep 24, 2026). Per share that is 1.58 THB; our models calculate a fair value of 3.79 THB per share.
What do the bullish and bearish scenarios say about BVG?
Our models span a range for Blueventure Group PCL: cautious scenario 2.55 THB, base 3.79 THB, optimistic 4.88 THB per share (as of Sep 24, 2026, price 1.58 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BVG?
Blueventure Group PCL trades at a price-to-earnings ratio of 11.3 (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 3.79 THB is built from several models across several years. Other multiples: P/B 0.9, P/S 1.2, EV/EBITDA 6.8.
How solid is the balance sheet of Blueventure Group PCL (BVG)?
Balance-sheet figures for Blueventure Group PCL (as of Sep 24, 2026): return on equity 7.8%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is BVG from its 52-week high?
Blueventure Group PCL trades at 1.58 THB, about 21% below its 52-week high of 2.00 THB and 3% above the low of 1.54 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 3.79 THB is for.
Which stocks are comparable to Blueventure Group PCL?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, Inc, 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 Blueventure Group PCL stock attractive at the current price?
The data as of Sep 24, 2026: price 1.58 THB, calculated fair value 3.79 THB (+140%), Quality Score 62/100, from 26 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 BVG calculated?
We run Blueventure Group PCL through 26 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 3.79 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 13.0 % above its aggregate fair value. Blueventure Group PCL currently trades 140 % 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 Blueventure Group PCL (BVG)?
The closing price on Sep 24, 2026 was 1.58 THB. Our model-based fair value is 3.79 THB, about +140% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Blueventure Group PCL right now?
The price is below even our cautious bear case (2.55 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (2.55 THB to 4.88 THB) leaves room in how you read the outcome.
Key figures of Blueventure Group PCL
How large is the market capitalisation of Blueventure Group PCL (BVG)?
The market capitalisation of Blueventure Group PCL is 711M THB (≈ $21.3M). 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 Blueventure Group PCL (BVG)?
The price-to-sales ratio of Blueventure Group PCL is 1.18 (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 Blueventure Group PCL (BVG)?
Earnings per share at Blueventure Group PCL are 0.1400 THB (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Blueventure Group PCL (BVG)?
The dividend yield of Blueventure Group PCL is 5.1% (payout 57.9%). 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 Blueventure Group PCL (BVG)?
The net margin of Blueventure Group PCL is 10.4% (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 Blueventure Group PCL (BVG)?
The return on equity (ROE) of Blueventure Group PCL is 7.8% (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 Blueventure Group PCL (BVG)?
On an EBIT basis the return on assets of Blueventure Group PCL is 10.4% (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 Blueventure Group PCL (BVG)?
The operating margin of Blueventure Group PCL is 10.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Blueventure Group PCL (BVG)?
Revenue at Blueventure Group PCL is growing −13.1% versus a year earlier (3y avg +10.9%). 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 Blueventure Group PCL (BVG)?
Earnings per share at Blueventure Group PCL are growing −15.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Blueventure Group PCL (BVG) hold?
Blueventure Group PCL holds more cash than debt, 103M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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