Country Group Holdings Public Company Limited (CGH) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Country Group Holdings Public Company Limited THB 0.55, price THB 0.70, upside -21.4%, quality 39 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 0.4100 THB – 2.00 THB · fair‑value band 0.4700 THB – 0.6300 THB · the 0.7000 THB price screens above the 0.5500 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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Country Group Holdings Public Company Limited, through its subsidiaries, engages in the securities brokerage business in Thailand. The company operates through four segments: Securities and Derivatives Brokerage, Investment Banking, Securities and Derivatives Trading, and Digital Asset Trading.
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Country Group Holdings Public Company Limited, through its subsidiaries, engages in the securities brokerage business in Thailand. The company operates through four segments: Securities and Derivatives Brokerage, Investment Banking, Securities and Derivatives Trading, and Digital Asset Trading. It offers digital assets brokerage, underwriting, financial advisory, investment banking, pawnbroking, and securities borrowing and lending services. The company also invests in securities, digital assets, debt instruments, and equity derivatives; and operates as real estate agents and brokers, as well as financial asset trading platforms. Country Group Holdings Public Company Limited was incorporated in 2014 and is based in Bangkok, Thailand.
Stock analysis
Country Group Holdings Public Company Limited (CGH) currently trades at 0.7000 THB, while our model-based Fair Value estimate is 0.5500 THB, implying the stock looks roughly 27.3% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.9900 THB per share, and 1 of the 3 models we run sit above the 0.7000 THB price.
Bear case: the Growth DCF group reads lowest at 0.4900 THB, and 2 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.4700 THB (bear) to 0.6300 THB (bull), the price of 0.7000 THB sits above 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 39/100 (below-average quality), in the Financial Services sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Country Group Holdings Public Company Limited reported revenue of 1.4B THB in FY2025 versus 1.7B THB in FY2021, a compound −4.9%/yr. Reported net income was −194M THB in FY2025.
Key figures
Market cap 2.9B THB (≈ $87.2M) · P/S ratio 1.77 · EPS (TTM) −0.0400 THB · Net margin −13.8% · Return on equity −3.0% · Return on assets (EBIT) 1.0% · Operating margin −9.3% · Revenue (TTM) 1.3B THB.
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 about 1% below its 52-week high and 71% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −21%, CGH screens richer than that median.
Fair Value models
Bear 0.4700 THBFair Value 0.5500 THBBull 0.6300 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.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.26/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−16.4%
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.
−1.8%
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.
+1.3%
Start year 2020 (pandemic). Over 10 years: +2.0% a year
Revenue growth 20 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.
+4.2%
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Profit margin (trend) ⓘ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.
16.3% (2020) → −9.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+10.6%
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 +9.3% a year for the price.
Compare Country Group Holdings Public Company Limited with another stock
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.Capital Markets · 462 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−23% · Below median
Profitability
Return on assets−2% · Bottom 25%
Net margin (TTM)−13% · Bottom 25%
Operating margin (TTM)−9% · Bottom 25%
Growth and dividend
Revenue growth−2% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Capital Markets 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). "Country Group Holdings Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/CGH
Frequently asked questions
Is Country Group Holdings Public Company Limited (CGH) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.5500 THB versus a price of 0.7000 THB, about −21% upside (overvalued).
What is the fair value of CGH?
Our model-based fair value for Country Group Holdings Public Company Limited is 0.5500 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.7000 THB.
What is the quality score of CGH?
Country Group Holdings Public Company Limited has a Quality Score of 39/100. 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 Country Group Holdings Public Company Limited (CGH)?
Our model-based price target is the fair value of 0.5500 THB (as of Sep 24, 2026) from 3 valuation models. Cautious scenario 0.4700 THB, optimistic scenario 0.6300 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Country Group Holdings Public Company Limited stock forecast for 2026?
Our models put fair value at 0.5500 THB, about −21% upside versus a price of 0.7000 THB (overvalued). Cautious scenario 0.4700 THB, optimistic scenario 0.6300 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Country Group Holdings Public Company Limited (CGH)?
Country Group Holdings Public Company Limited reported trailing-twelve-month revenue of about 1.3B THB (latest available figure, as of Sep 24, 2026).
What growth is priced into Country Group Holdings Public Company Limited (CGH)?
For today's price to be fair in a discounted-cash-flow model, Country Group Holdings Public Company Limited would have to grow free cash flow by +10.6 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CGH use?
Our models discount Country Group Holdings Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.29, 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 Country Group Holdings Public Company Limited that is +10.6 % per year a year over ten years, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Country Group Holdings Public Company Limited (CGH) delivered so far?
Over the past 5 years revenue at Country Group Holdings Public Company Limited grew +1.3 % a year. The price currently implies +10.6 % 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 Country Group Holdings Public Company Limited (CGH) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Country Group Holdings Public Company Limited (+10.6 % 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 Country Group Holdings Public Company Limited (CGH)?
The free-cash-flow yield on the price is 2.57 %: that much free cash flow Country Group Holdings Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Country Group Holdings Public Company Limited (CGH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Country Group Holdings Public Company Limited it is 0.5500 THB per share (as of Sep 24, 2026), against a price of 0.7000 THB. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Country Group Holdings Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CGH trades above its calculated fair value: price 0.7000 THB, fair value 0.5500 THB, a gap of about −21% (overvalued). 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 CGH?
No. The price is what the market pays today (0.7000 THB); the fair value is what the company's own numbers justify (0.5500 THB). For Country Group Holdings Public Company Limited the two are 0.1500 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Country Group Holdings Public Company Limited worth?
The market values Country Group Holdings Public Company Limited at about 2.9B THB (market capitalisation, as of Sep 24, 2026). Per share that is 0.7000 THB; our models calculate a fair value of 0.5500 THB per share.
What do the bullish and bearish scenarios say about CGH?
Our models span a range for Country Group Holdings Public Company Limited: cautious scenario 0.4700 THB, base 0.5500 THB, optimistic 0.6300 THB per share (as of Sep 24, 2026, price 0.7000 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Country Group Holdings Public Company Limited (CGH)?
Balance-sheet figures for Country Group Holdings Public Company Limited (as of Sep 24, 2026): return on equity −3.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is CGH from its 52-week high?
Country Group Holdings Public Company Limited trades at 0.7000 THB, about 1% below its 52-week high of 0.7100 THB and 71% above the low of 0.4100 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5500 THB is for.
Which stocks are comparable to Country Group Holdings Public Company Limited?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Country Group Holdings Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 0.7000 THB, calculated fair value 0.5500 THB (−21%), Quality Score 39/100, from 3 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 CGH calculated?
We run Country Group Holdings Public Company Limited through 3 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 0.5500 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 13.2 % above its aggregate fair value. Country Group Holdings Public Company Limited itself currently trades above fair value. 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 Country Group Holdings Public Company Limited (CGH)?
The closing price on Sep 24, 2026 was 0.7000 THB. Our model-based fair value is 0.5500 THB, about −21% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Country Group Holdings Public Company Limited right now?
The price sits above even our optimistic bull case (0.6300 THB). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. 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.
Key figures of Country Group Holdings Public Company Limited
How large is the market capitalisation of Country Group Holdings Public Company Limited (CGH)?
The market capitalisation of Country Group Holdings Public Company Limited is 2.9B THB (≈ $87.2M). 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 Country Group Holdings Public Company Limited (CGH)?
The price-to-sales ratio of Country Group Holdings Public Company Limited is 1.77 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Country Group Holdings Public Company Limited (CGH)?
Earnings per share at Country Group Holdings Public Company Limited are −0.0400 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Country Group Holdings Public Company Limited (CGH)?
The net margin of Country Group Holdings Public Company Limited is −13.8% (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 Country Group Holdings Public Company Limited (CGH)?
The return on equity (ROE) of Country Group Holdings Public Company Limited is −3.0% (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 Country Group Holdings Public Company Limited (CGH)?
On an EBIT basis the return on assets of Country Group Holdings Public Company Limited is 1.0% (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 Country Group Holdings Public Company Limited (CGH)?
The operating margin of Country Group Holdings Public Company Limited is −9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Country Group Holdings Public Company Limited (CGH)?
Revenue at Country Group Holdings Public Company Limited is growing −2.3% versus a year earlier (3y avg −1.8%). 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 Country Group Holdings Public Company Limited (CGH)?
Earnings per share at Country Group Holdings Public Company Limited are growing +394% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Country Group Holdings Public Company Limited (CGH) carry?
The net debt of Country Group Holdings Public Company Limited is 299M THB (fiscal year 2025, ≈ 4.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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