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Chase Asia Public Company (CHASE) Fair Value & Analysis

Financial Services · TH · Market cap 1.1B THB

CA Chase Asia Public Company CHASE · BK
Price0.5400 THB
Fair Value0.1000 THB
Upside-81.5%
Quality48/100
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Weak Growth
Thin margins · 1.4% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 28/100
Evidence: High Range 0.0900 THB – 0.1200 THB Share as image

Fair value as of: Jul 17, 2026

From 12 valuation models · updated 24 days ago

Share price +3.8% over the past month.

Below-average quality, and screening another 81% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.1200 THB). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (4 years)

3.26 THB 0.4500 THB Fair Value 0.1000 THB Feb 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

42‑month range 0.4500 THB – 3.26 THB · fair‑value band 0.0900 THB – 0.1200 THB · the 0.5400 THB price screens above the 0.1000 THB fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Chase Asia Public Company (CHASE) currently trades at 0.5400 THB, while our model-based Fair Value estimate is 0.1000 THB, implying the stock looks roughly 81.5% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services 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, Chase Asia Public Company generated revenue of 721M THB at a net margin of 1.4%. Revenue declined 7.5% year over year. It earns a return on equity of 0.3%. Net debt stands at 370M THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.0900 THB (bear case) to 0.1200 THB (bull case); at 0.5400 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. The share trades about 36% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at -81%, CHASE 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (0.0100 THB to 1.16 THB). Read the values as a conservative anchor, not as a price target.
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
Highest evidence
Growth DCF 0.3500 THB 0.4700 THB 0.6500 THB 80
Residual Income 1.09 THB 0.9900 THB 0.5900 THB 76
Rev-Margin DCF 0.1700 THB 0.2500 THB 0.3500 THB 74
All 12 models by family
DCF Models
Owner Earnings 0.0500 THB 0.0900 THB 0.1600 THB 31
5Y P/E Exit 0.1000 THB 0.1200 THB 0.1400 THB 38
10Y P/E Exit 0.2000 THB 0.2300 THB 0.2500 THB 35
Earnings-Based
Graham-Dodd 0.0100 THB 0.0100 THB 0.0100 THB 54
Dividend Discount
Gordon GGM 0.0800 THB 0.0900 THB 0.1000 THB 70
DDM Multi-Stage 0.0800 THB 0.1000 THB 0.1200 THB 61
Multiples
P/E Multiple 0.0100 THB 0.0100 THB 0.0200 THB 63
P/B Multiple 0.0100 THB 0.0200 THB 0.0200 THB 55
Asset-Based
NCAV (Graham) 0.8700 THB 1.16 THB 1.74 THB 50
Growth DCF
Growth DCF 0.3500 THB 0.4700 THB 0.6500 THB 80
Rev-Margin DCF 0.1700 THB 0.2500 THB 0.3500 THB 74
Economic Profit
Residual Income 1.09 THB 0.9900 THB 0.5900 THB 76

Widest divergence: Asset-Based (1.16 THB) versus Earnings-Based (0.0100 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 721M THB
Revenue growth (YoY) -7.5%
Net margin 1.4%
Return on equity 0.3%
Free cash flow 103M THB FY2025
Operating margin 10.4%
More key figures
EPS growth (YoY) +205%
Net debt 370M THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 42

Profitability 14
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 86
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

Chase Asia Public Company Limited, together with its subsidiaries, provides debt tracking and collection services in Thailand. Its services include delinquent account collection, legal, letter, and training programs. The company also engages in the management of non-performing assets and the provision of lending services.

Full company description

Chase Asia Public Company Limited, together with its subsidiaries, provides debt tracking and collection services in Thailand. Its services include delinquent account collection, legal, letter, and training programs. The company also engages in the management of non-performing assets and the provision of lending services. The company was incorporated in 1998 and is headquartered in Nonthaburi, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chase Asia Public Company reported revenue of 737M THB in FY2025 versus 781M THB in FY2021, a compound −1.4%/yr. Reported net income was 2.2M THB in FY2025, compounding −69.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
737M THB
Latest YoY
−9.4%
Avg. growth/yr (3Y) 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.
+2.9%
Avg. growth/yr (5Y) 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.
+0.2%
Avg. growth/yr (6Y) 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.
+2.6%
Revenue −1.4%/yr
FY21 781M THB
FY22 677M THB
FY23 679M THB
FY24 814M THB
FY25 737M THB
Net income −69.9%/yr
FY21 271M THB
FY22 179M THB
FY23 133M THB
FY24 86.2M THB
FY25 2.2M THB

CHASE screens 81% overvalued. Compare with Visa Inc →

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Cite: Fair Value Calculator (2026). "Chase Asia Public Company Fair Value". https://www.fairvalue-calculator.com/stock/CHASE

Peer Group

Credit Services · 331 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 48 · Below median
Fair Value upside −82% · Bottom 25%
Return on equity (TTM) 0% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 10% · Bottom 25%
Revenue growth -8% · Bottom 25%
Debt / equity 0.07× · Lower than 75% of peers

Valuation Multiples vs Credit Services median · lower = cheaper

P/S (TTM) 0.05× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 3.0× · Cheaper 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 37
FUTURE 0 · sector 39
PAST 1 · sector 32
HEALTH 97 · sector 58
DIVIDEND 0 · sector 51

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

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

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

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Chase Asia Public Company (CHASE) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.1000 THB versus a price of 0.5400 THB, about −81% (overvalued).
What is the fair value of CHASE?
Our model-based fair value for Chase Asia Public Company is 0.1000 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.5400 THB.
What is the quality score of CHASE?
Chase Asia Public Company has a Quality Score of 48/100. 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 Chase Asia Public Company (CHASE)?
Chase Asia Public Company reported trailing-twelve-month revenue of about 721M THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of CHASE?
The net profit margin of Chase Asia Public Company is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.

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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