Thai Credit Bank Public Company (CREDIT) Fair Value & Analysis
Financial Services · TH · Market cap 29.0B THB
Fair value as of: Jul 14, 2026
From 4 valuation models · updated 26 days ago
Fair value updated Jul 14, 2026, revised from 38.00 THB to 45.60 THB (+20.0%) since Jun 26, 2026. Share price +10.5% over the past month.
A solid business, screening 88% undervalued on our models.
What matters now
- The price is below even our cautious bear case (34.20 THB). The market is more pessimistic than our downside scenario.
- Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
30‑month range 14.03 THB – 26.91 THB · fair‑value band 34.20 THB – 57.00 THB · the 24.20 THB price screens below the 45.60 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Thai Credit Bank Public Company (CREDIT) currently trades at 24.20 THB, while our model-based Fair Value estimate is 45.60 THB, implying the stock looks roughly 88.4% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Thai Credit Bank Public Company generated revenue of 12.0B THB at a net margin of 35.8%. Revenue grew 18.1% year over year. It earns a return on equity of 16.6%. Net debt stands at 6.9B THB. Fundamentals as of Jul 14, 2026
Our scenario range runs from 34.20 THB (bear case) to 57.00 THB (bull case); at 24.20 THB, the current price sits below 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 near its 52-week high and 74% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 88%, CREDIT screens cheaper 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.
All 4 models by family
Widest divergence: Multiples (55.29 THB) versus Asset-Based (14.27 THB). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 87
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
Thai Credit Bank Public Company Limited provides financial services to micro, small, and medium-sized enterprises in Thailand. It operates in two segments, e-Wallet Business and Banking Business.
Full company description
Thai Credit Bank Public Company Limited provides financial services to micro, small, and medium-sized enterprises in Thailand. It operates in two segments, e-Wallet Business and Banking Business. The company offers micro-SME, home, personal, cash, nano and microcredit, and gold loans; deposit products, including current, savings, fixed deposit, tax free, and other accounts; and mutual funds. It also provides international trade finance, such as international trade credit, international remittance services for import and export, and foreign exchange rates; and other services comprising non-performing assets, cards, money transfer, PromptPay, and safe deposit box services. The company was formerly known as The Thai Credit Retail Bank Public Company Limited and changed its name to Thai Credit Bank Public Company Limited in September 2023. The company was incorporated in 1970 and is headquartered in Bangkok, Thailand. Thai Credit Bank Public Company Limited is a subsidiary of Vnb Holding Company Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Thai Credit Bank Public Company reported revenue of 15.4B THB in FY2025 versus 8.9B THB in FY2021, a compound +14.7%/yr. Reported net income was 4.0B THB in FY2025, compounding +20.0%/yr from FY2021.
Watch CREDIT: get an alert when its fair value changes →
Peer Group
Banks - Regional · 1083 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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Bank Central Asia Tbk BBCA | 6,175 IDR | 6,087 IDR | -1% |
| KB Financial Group 105560 | 184,400 KRW | 213,797 KRW | +16% |
| PT Bank Rakyat Indonesia (Persero) Tbk BBRI | 2,970 IDR | 4,891 IDR | +65% |
| PT Bank Mandiri (Persero) Tbk BMRI | 4,310 IDR | 7,841 IDR | +82% |
| Banco Bradesco S.A BBD | 5,120 ARS | 10,240 ARS | +100% |
| Shinhan Financial Group 055550 | 107,900 KRW | 137,259 KRW | +27% |
| Hana Financial Group 086790 | 136,800 KRW | 193,969 KRW | +42% |
| Lloyds Banking Group LYG | 4,138 ARS | 8,275 ARS | +100% |
| Banco de Chile, CHILE | 193.10 CLP | 152.55 CLP | -21% |
| Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB | 59,400 VND | 84,201 VND | +42% |
Compare Thai Credit Bank Public Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is Thai Credit Bank Public Company (CREDIT) overvalued or undervalued?
What is the fair value of CREDIT?
What is the quality score of CREDIT?
What is the revenue of Thai Credit Bank Public Company (CREDIT)?
What is the net profit margin of CREDIT?
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.
Track Thai Credit Bank Public Company and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.