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Charan Insurance Public Company Limited (CHARAN) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Charan Insurance Public Company Limited THB 38.32, price THB 21.00, upside +82.5%, quality 75 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Financial Services · TH · ISIN TH0321010009

CI Thin data Sep 24, 2026

Charan Insurance Public Company Limited

CHARAN · BK

Strongly undervaluedStrong Fair Value upside with high Quality.

✓Fair value 38.32 THB · Strongly undervalued (+82%)
✓Quality 75/100
!Expensive Growth (revenue 5y +9.9 %/yr)
✓Solidly profitable · 10.3% net margin (TTM)
!negative free cash flow
·4.29% dividend yield
✓Ranks above peers (10/13)
!Moderate moat 52/100
!Insider activity 40/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

30.88 THB 10.71 THB Fair Value 38.32 THB Jul 2018 Sep 2026

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 10.71 THB – 30.88 THB · fair‑value band 28.74 THB – 47.90 THB · the 21.00 THB price screens below the 38.32 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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Company profile

Charan Insurance Public Company Limited provides non-life insurance products in Thailand. The company offers home fire and fire products; marine cargo and logistics products; and motor insurance products, as well as all risks for SME.

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Charan Insurance Public Company Limited provides non-life insurance products in Thailand. The company offers home fire and fire products; marine cargo and logistics products; and motor insurance products, as well as all risks for SME. It also provides property, leasehold contingency, construction, machinery breakdown, electronic equipment, personal/group overseas travel, cancer, money, product liability, plate glass, hazardous substance road transport liability, fidelity, all-risks, terrorism property, pre-trial bail bond, billboard, workmen's compensation, and disease-specific health insurance products. In addition, the company offers business interruption, small-business all-risks, contractors' equipment, boiler and pressure vessel, personal/group accident, travel accident, tour operators and guides' travel accident, third-party liability, burglary, compulsory lodging tenants', business liability, in-season rice and corn, gold shop, golfers, watercraft passenger, unemployment, directors and officers indemnity, unnamed driver and passenger accident, surveyors professional indemnity, and elderly care insurance products, as well as insurance for specific-purpose motor sea-craft. Charan Insurance Public Company Limited was founded in 1949 and is headquartered in Bangkok, Thailand.

Stock analysis

Charan Insurance Public Company Limited (CHARAN) currently trades at 21.00 THB, while our model-based Fair Value estimate is 38.32 THB, implying the stock looks roughly 45.2% undervalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of 37.45 THB per share, and 4 of the 4 models we run sit above the 21.00 THB price.

Bear case: the Asset-Based group reads lowest at 32.73 THB, and 0 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: 28.74 THB (bear) to 47.90 THB (bull), the price of 21.00 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 75/100 (high quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Charan Insurance Public Company Limited reported revenue of 468M THB in FY2025 versus 164M THB in FY2021, a compound +30.1%/yr. Reported net income was 30.7M THB in FY2025.

Key figures

Market cap 252M THB (≈ $7.6M) · P/E ratio 5.5 · P/S ratio 0.36 · EPS (TTM) 3.83 THB · Dividend yield 4.3% · Net margin 6.5% · Return on equity 7.6% · Return on assets (EBIT) 4.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at 82%, CHARAN screens cheaper than that median.

Fair Value models

Bear 28.74 THB Fair Value 38.32 THB Bull 47.90 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 (2.15 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.
Highest evidence
Residual Income 37.10 THB 37.45 THB 35.63 THB 76
P/E Multiple 24.91 THB 33.21 THB 41.51 THB 63
P/B Multiple 32.57 THB 43.43 THB 54.29 THB 55
All 4 models by family
Multiples
P/E Multiple 24.91 THB 33.21 THB 41.51 THB 63
P/B Multiple 32.57 THB 43.43 THB 54.29 THB 55
Asset-Based
NCAV (Graham) 24.42 THB 32.73 THB 48.85 THB 51
Economic Profit
Residual Income 37.10 THB 37.45 THB 35.63 THB 76

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Quality Score breakdown

Overall quality 75/100

Of which business quality 74 · Market factors (momentum, volatility) 63

Profitability 45
Margins and returns on capital today
Quality Growth 98
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+41.4%
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.
−0.9%
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.
+9.9%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 21 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.
+16.6%
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. Basis: EBIT basis. 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.
−13.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.8%
Dividend (yield on the price)4.3%
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.−10% vs 2%, slowing
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.18% → 7%
Start year 2020 (pandemic)

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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

Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 77 · Top 25%
Fair Value upside +83% · Top 25%
Profitability
Return on equity (TTM) 8% · Bottom 25%
Return on assets 3% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 29% · Top 25%
Growth and dividend
Revenue growth −17% · Bottom 25%
Dividend yield (TTM) 4.3% · Top 25%

Valuation Multiplesvs Insurance - Property & Casualty median · lower = cheaper

P/E (TTM) 5.5× · Cheapest 25%
P/B 0.43× · Cheapest 25%
P/S (TTM) 0.57× · Cheaper than median
EV/EBITDA 4.0× · Cheapest 25%
PEG 1.88× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 20
FUTURE (revenue growth)0 · sector 32
PAST (return on equity)30 · sector 56
HEALTH (low debt)0 · sector 91
DIVIDEND (yield)86 · sector 50

Context: sector, industry, market

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

Similar stocks

10 more Insurance - Property & Casualty stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
The Progressive Corporation PGR $206.94 $160.25 −23%
Chubb Limited CB $335.77 $234.73 −30%
The Travelers Companies, Inc TRV $362.01 $274.42 −24%
The Allstate Corporation ALL $229.50 $316.11 +38%
The People's Insurance Company 601319 ¥8.07 ¥9.25 +15%
PICC Property and Casualty Company 2328 HK$16.84 HK$18.92 +12%
Intact Financial Corporation IFC C$254.29 C$167.46 −34%
Fairfax Financial Holdings FFH C$2,260 C$3,226 +43%
Cincinnati Financial Corporation CINF $165.83 $146.70 −12%
W. R. Berkley Corporation WRB $68.17 $47.08 −31%

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Charan Insurance Public Company Limited · Fair Value
38.32 THB +45%Fair Value
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Cite: Fair Value Calculator (2026). "Charan Insurance Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/CHARAN

Frequently asked questions

Is Charan Insurance Public Company Limited (CHARAN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 38.32 THB versus a price of 21.00 THB, about +82% upside (undervalued).
What is the fair value of CHARAN?
Our model-based fair value for Charan Insurance Public Company Limited is 38.32 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 21.00 THB.
What is the quality score of CHARAN?
Charan Insurance Public Company Limited has a Quality Score of 75/100. 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 Charan Insurance Public Company Limited (CHARAN)?
Our model-based price target is the fair value of 38.32 THB (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 28.74 THB, optimistic scenario 47.90 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Charan Insurance Public Company Limited stock forecast for 2026?
Our models put fair value at 38.32 THB, about +82% upside versus a price of 21.00 THB (undervalued). Cautious scenario 28.74 THB, optimistic scenario 47.90 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Charan Insurance Public Company Limited (CHARAN)?
Charan Insurance Public Company Limited reported trailing-twelve-month revenue of about 446M THB (latest available figure, as of Sep 24, 2026).
Does Charan Insurance Public Company Limited pay a dividend?
Charan Insurance Public Company Limited currently shows a dividend yield of about 4.29% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Charan Insurance Public Company Limited (CHARAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Charan Insurance Public Company Limited it is 38.32 THB per share (as of Sep 24, 2026), against a price of 21.00 THB. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Charan Insurance Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CHARAN trades below its calculated fair value: price 21.00 THB, fair value 38.32 THB, a gap of about +82% (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 CHARAN?
No. The price is what the market pays today (21.00 THB); the fair value is what the company's own numbers justify (38.32 THB). For Charan Insurance Public Company Limited the two are 17.32 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Charan Insurance Public Company Limited worth?
The market values Charan Insurance Public Company Limited at about 252M THB (market capitalisation, as of Sep 24, 2026). Per share that is 21.00 THB; our models calculate a fair value of 38.32 THB per share.
What do the bullish and bearish scenarios say about CHARAN?
Our models span a range for Charan Insurance Public Company Limited: cautious scenario 28.74 THB, base 38.32 THB, optimistic 47.90 THB per share (as of Sep 24, 2026, price 21.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CHARAN?
Charan Insurance Public Company Limited trades at a price-to-earnings ratio of 5.5 (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 38.32 THB is built from several models across several years. Other multiples: PEG 1.9, P/B 0.4, P/S 0.6, EV/EBITDA 4.0.
What is the PEG ratio of CHARAN?
The PEG ratio of Charan Insurance Public Company Limited is 1.88 (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 Charan Insurance Public Company Limited (CHARAN)?
Balance-sheet figures for Charan Insurance Public Company Limited (as of Sep 24, 2026): return on equity 7.6%. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
Which stocks are comparable to Charan Insurance Public Company Limited?
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 Charan Insurance Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 21.00 THB, calculated fair value 38.32 THB (+82%), Quality Score 75/100, from 4 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 CHARAN calculated?
We run Charan Insurance Public Company Limited through 4 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 38.32 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. Charan Insurance Public Company Limited currently trades 82 % 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 Charan Insurance Public Company Limited (CHARAN)?
The closing price on Sep 23, 2026 was 21.00 THB. Our model-based fair value is 38.32 THB, about +82% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Charan Insurance Public Company Limited right now?
The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (28.74 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. 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 Charan Insurance Public Company Limited

How large is the market capitalisation of Charan Insurance Public Company Limited (CHARAN)?
The market capitalisation of Charan Insurance Public Company Limited is 252M THB (≈ $7.6M). 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 Charan Insurance Public Company Limited (CHARAN)?
The price-to-sales ratio of Charan Insurance Public Company Limited is 0.36 (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 Charan Insurance Public Company Limited (CHARAN)?
Earnings per share at Charan Insurance Public Company Limited are 3.83 THB (price ÷ EPS = P/E 5.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Charan Insurance Public Company Limited (CHARAN)?
The dividend yield of Charan Insurance Public Company Limited is 4.3% (payout 23.5%). 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 Charan Insurance Public Company Limited (CHARAN)?
The net margin of Charan Insurance Public Company Limited is 6.5% (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 Charan Insurance Public Company Limited (CHARAN)?
The return on equity (ROE) of Charan Insurance Public Company Limited is 7.6% (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 Charan Insurance Public Company Limited (CHARAN)?
On an EBIT basis the return on assets of Charan Insurance Public Company Limited is 4.2% (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 Charan Insurance Public Company Limited (CHARAN)?
The operating margin of Charan Insurance Public Company Limited is 29.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Charan Insurance Public Company Limited (CHARAN)?
Revenue at Charan Insurance Public Company Limited is growing −17.4% versus a year earlier (3y avg −0.9%). 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 Charan Insurance Public Company Limited (CHARAN)?
Earnings per share at Charan Insurance Public Company Limited are growing +131% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Charan Insurance Public Company Limited (CHARAN) generate?
The free cash flow of Charan Insurance Public Company Limited is −26.0M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Charan Insurance Public Company Limited (CHARAN) hold?
Charan Insurance Public Company Limited holds more cash than debt, 60.0M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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