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Central Plaza Hotel Public Company (CENTEL) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 51.6B THB

CP Central Plaza Hotel Public Company CENTEL · BK
Price38.25 THB
Fair Value25.10 THB
Upside-34.4%
Quality51/100
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Healthy Growth
Solidly profitable · 13.6% net margin
Moderate debt · generates free cash flow
1.79% dividend yield
Trails peers (5/15)
Moderate moat 50/100
Evidence: High Range 18.36 THB – 31.37 THB Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Share price +8.5% over the past month.

A solid business, but screening 34% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (31.37 THB). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

54.35 THB 19.07 THB Fair Value 25.10 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 19.07 THB – 54.35 THB · fair‑value band 18.36 THB – 31.37 THB · the 38.25 THB price screens above the 25.10 THB fair value. Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Central Plaza Hotel Public Company (CENTEL) currently trades at 38.25 THB, while our model-based Fair Value estimate is 25.10 THB, implying the stock looks roughly 34.4% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Central Plaza Hotel Public Company generated revenue of 24.9B THB at a net margin of 13.6%. Revenue grew 3.5% year over year. It earns a return on equity of 14.4%. Net debt stands at 38.8B THB. Fundamentals as of Jul 19, 2026

Our scenario range runs from 18.36 THB (bear case) to 31.37 THB (bull case); at 38.25 THB, the current price sits above 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. Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic. The share trades about 3% below its 52-week high and 85% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at -34%, CENTEL screens richer 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
Growth DCF 19.83 THB 33.53 THB 53.17 THB 80
Residual Income 14.19 THB 15.47 THB 20.25 THB 76
Rev-Margin DCF 9.86 THB 18.78 THB 29.13 THB 74
All 26 models by family
DCF Models
FCF DCF 19.36 THB 34.84 THB 58.47 THB 38
Owner Earnings 15.88 THB 29.41 THB 50.08 THB 31
5Y Revenue Exit 9.86 THB 18.50 THB 29.23 THB 39
5Y EBITDA Exit 23.05 THB 43.18 THB 66.62 THB 41
5Y P/E Exit 15.41 THB 28.88 THB 42.89 THB 38
10Y Revenue Exit 12.62 THB 21.32 THB 32.53 THB 36
10Y EBITDA Exit 21.45 THB 38.46 THB 61.08 THB 37
10Y P/E Exit 16.58 THB 28.53 THB 42.96 THB 35
Earnings-Based
Graham-Dodd 10.04 THB 31.29 THB 41.63 THB 54
Lynch FV 6.81 THB 9.73 THB 12.65 THB 50
PEG = 1.0 6.81 THB 9.73 THB 12.65 THB 46
EPV 2.43 THB 4.23 THB 5.80 THB 59
Dividend Discount
Gordon GGM 5.42 THB 11.26 THB 17.87 THB 70
DDM Multi-Stage 5.42 THB 8.96 THB 11.82 THB 61
Multiples
P/E Multiple 24.36 THB 32.48 THB 40.60 THB 63
P/S Multiple 15.97 THB 21.29 THB 26.62 THB 58
P/B Multiple 18.82 THB 25.10 THB 31.37 THB 55
EV/EBIT 12.11 THB 18.94 THB 25.77 THB 53
EV/EBITDA 29.15 THB 41.66 THB 54.17 THB 54
EV/Revenue 5.43 THB 11.35 THB 17.27 THB 43
Asset-Based
NCAV (Graham) 8.30 THB 11.12 THB 16.60 THB 50
Growth DCF
Growth DCF 19.83 THB 33.53 THB 53.17 THB 80
Rev-Margin DCF 9.86 THB 18.78 THB 29.13 THB 74
Economic Profit
Residual Income 14.19 THB 15.47 THB 20.25 THB 76
ROIC Compounder 2.43 THB 4.23 THB 5.80 THB 72
Growth Earnings
Growth-Adj P/E 20.05 THB 28.65 THB 37.24 THB 68

Widest divergence: DCF Models (28.88 THB) versus Economic Profit (4.23 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 24.9B THB
Revenue growth (YoY) +3.5%
Net margin 13.6%
Return on equity 14.4%
Free cash flow 3.3B THB FY2025
P/E ratio 15.2
More key figures
Operating margin 10.9%
EPS (TTM) 2.51 THB
Dividend yield 1.8%
EPS growth (YoY) +187%
Net debt 38.8B THB FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 76

Profitability 33
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 88
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

Central Plaza Hotel Public Company Limited, together with its subsidiaries, engages in the hotel business in Thailand, the Republic of Maldives, and Japan. It operates in two segments, Hotel and Related Services Operation; and Food and Ice-Cream.

Full company description

Central Plaza Hotel Public Company Limited, together with its subsidiaries, engages in the hotel business in Thailand, the Republic of Maldives, and Japan. It operates in two segments, Hotel and Related Services Operation; and Food and Ice-Cream. It is also involved in the food and beverage, hotel management, import and export, and labour contracting businesses, as well as operates learning centre. In addition, the company operates through Centara Reserve, The Centara Collection, Centara Grand, Centara, Centara Life, COSI, SPA Cenvaree, and Centara The1 brands. Central Plaza Hotel Public Company Limited was founded in 1980 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Central Plaza Hotel Public Company reported revenue of 24.0B THB in FY2025 versus 11.2B THB in FY2021, a compound +20.9%/yr. Reported net income was 2.0B THB in FY2025.

Growth Quality 98/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
24.0B THB
Latest YoY
+4.0%
Avg. growth/yr (3Y)
+11.1%
Avg. growth/yr (5Y)
+13.2%
Avg. growth/yr (25Y)
+8.3%
Revenue +20.9%/yr
FY21 11.2B THB
FY22 17.5B THB
FY23 21.5B THB
FY24 23.0B THB
FY25 24.0B THB
Net income
FY21 −1.8B THB
FY22 398M THB
FY23 1.2B THB
FY24 1.8B THB
FY25 2.0B THB

CENTEL screens 34% overvalued. Compare with Las Vegas Sands Corp →

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Cite: Fair Value Calculator (2026). "Central Plaza Hotel Public Company Fair Value". https://www.fairvalue-calculator.com/stock/CENTEL

Peer Group

Resorts & Casinos · 76 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 51 · Below median
Fair Value upside −34% · Below median
Return on equity (TTM) 14% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 11% · Below median
Revenue growth 4% · Below median
Dividend yield (TTM) 1.8% · Below median
Debt / equity 0.64× · Higher than median

Valuation Multiples vs Resorts & Casinos median · lower = cheaper

P/E (TTM) 15.2× · Cheaper than median
P/B 2.30× · Pricier than median
P/S (TTM) 2.08× · Pricier than median
P/FCF 0.5× · Cheaper than median
EV/EBITDA 16.1× · Pricier than 75% of peers
PEG 1.90× · 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 0 · sector 19
FUTURE 18 · sector 33
PAST 58 · sector 19
HEALTH 68 · sector 84
DIVIDEND 36 · sector 52

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Gambling

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $44.79 $52.27 +17%
Galaxy Entertainment Group 0027 HK$34.20 HK$41.44 +21%
Sands China Ltd 1928 HK$13.08 HK$2.05 -84%
MGM Resorts International, through its subsidiaries, MGM $46.13 $13.70 -70%
Wynn Resorts, Limited WYNN $97.05 $69.39 -29%
Red Rock Resorts, Inc RRR $64.75 $17.09 -74%
Boyd Gaming Corporation BYD $87.64 $151.24 +73%
Caesars Entertainment, Inc CZR $29.91 $80.92 +171%
Genting Singapore Limited G13 0.6200 SGD 0.6900 SGD +11%
Vail Resorts, Inc MTN $150.14 $125.02 -17%

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Frequently asked questions

Is Central Plaza Hotel Public Company (CENTEL) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 25.10 THB versus a price of 38.25 THB, about −34% (overvalued).
What is the fair value of CENTEL?
Our model-based fair value for Central Plaza Hotel Public Company is 25.10 THB (as of Jul 19, 2026), built from audited fundamentals. The current price is 38.25 THB.
What is the quality score of CENTEL?
Central Plaza Hotel Public Company has a Quality Score of 51/100. 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 Central Plaza Hotel Public Company (CENTEL)?
Central Plaza Hotel Public Company reported trailing-twelve-month revenue of about 24.9B THB (latest available figure, as of Jul 19, 2026).
What is the net profit margin of CENTEL?
The net profit margin of Central Plaza Hotel Public Company is about 13.6%, meaning it keeps roughly 13.6% of revenue as net income. Based on the latest reported figures.
Does Central Plaza Hotel Public Company pay a dividend?
Central Plaza Hotel Public Company currently shows a dividend yield of about 1.96% relative to its recent price (as of Jul 19, 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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