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Frasers Property (Thailand) Public Company (FPT) Fair Value & Analysis

Real Estate · TH · Market cap 15.5B THB

FP Frasers Property (Thailand) Public Company FPT · BK
Price7.10 THB
Fair Value10.71 THB
Upside+50.9%
Quality55/100
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Evidence: High Range 8.03 THB – 13.38 THB

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 8 days ago

Share price +12.7% over the past month.

Price vs Fair Value (12 months)

7.10 THB 5.61 THB Fair Value 10.71 THB Jul 2025 Jul 2026

12‑month range 5.61 THB – 7.10 THB · fair‑value band 8.03 THB – 13.38 THB · the 7.10 THB price screens below the 10.71 THB fair value. As of Jul 11, 2026.

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Analysis

Frasers Property (Thailand) Public Company (FPT) currently trades at 7.10 THB, while our model-based Fair Value estimate is 10.71 THB, implying the stock looks roughly 50.9% undervalued today. We read business quality at 55/100 (solid quality), in the Real Estate 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, Frasers Property (Thailand) Public Company generated revenue of 14.5B THB at a net margin of 17.3%. Revenue grew 258.7% year over year. It earns a return on equity of 6.8%. Net debt stands at 49.0B THB. Fundamentals as of Jul 11, 2026

Our scenario range runs from 8.03 THB (bear case) to 13.38 THB (bull case); at 7.10 THB, the current price sits below that range. The share trades near its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -16% fair-value upside, at 51%, FPT screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 14.5B THB
Revenue growth (YoY) +259%
Net margin 17.3%
Return on equity 6.8%
Free cash flow 160M THB FY2025
P/E ratio 6.0
More key figures
Operating margin 21.2%
EPS (TTM) 1.08 THB
Dividend yield 4.9%
Net debt 49.0B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 11, 2026. TTM = trailing twelve months.

About the company

Frasers Property (Thailand) Public Company Limited, together with its subsidiaries, engages in the industrial real estate development business in Thailand. It is involved in the development of factories and warehouses for rent and for sale; residential real-estate development, including rental and related service of commercial buildings; and hotel business. The company was formerly known as TICON Industrial Connection Public Company Limited and changed its name to Frasers Property (Thailand) Public Company Limited in January 2019. Frasers Property (Thailand) Public Company Limited was founded in 1990 and is headquartered in Bangkok, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Frasers Property (Thailand) Public Company reported revenue of 13.2B THB in FY2025 versus 15.4B THB in FY2021, a compound −3.8%/yr. Reported net income was 1.5B THB in FY2025, compounding −2.0%/yr from FY2021.

Revenue −3.8%/yr
FY21 15.4B THB
FY22 15.7B THB
FY23 15.5B THB
FY24 14.2B THB
FY25 13.2B THB
Net income −2.0%/yr
FY21 1.6B THB
FY22 2.5B THB
FY23 1.9B THB
FY24 1.4B THB
FY25 1.5B THB

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Cite: Fair Value Calculator (2026). "Frasers Property (Thailand) Public Company Fair Value". https://www.fairvalue-calculator.com/stock/FPT.BK

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 156,000 VND 109,431 VND -30%
DLF Limited DLF ₹627.60 ₹215.17 -66%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,650 IDR 1,330 IDR -80%
Lodha Developers Limited LODHA ₹894.45 ₹721.45 -19%
Oberoi Realty Limited OBEROIRLTY ₹1,633 ₹1,368 -16%
Godrej Properties Limited GODREJPROP ₹1,642 ₹788.35 -52%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 2,000 IDR +85%
PT Bumi Serpong Damai Tbk, BSDE 565.00 IDR 1,334 IDR +136%
PT Sentul City Tbk, BKSL 55.00 IDR 137.50 IDR +150%
PT Ciputra Development Tbk, CTRA 550.00 IDR 1,375 IDR +150%

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Frequently asked questions

Is Frasers Property (Thailand) Public Company (FPT) undervalued?
As of Jul 11, 2026, our model estimates a fair value of 10.71 THB versus a price of 7.10 THB, about +51% (undervalued). Model-based estimate, not financial advice.
What is the fair value of FPT?
Our model-based fair value for Frasers Property (Thailand) Public Company is 10.71 THB (as of Jul 11, 2026), built from audited fundamentals. The current price is 7.10 THB.
What is the quality score of FPT?
Frasers Property (Thailand) Public Company has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Frasers Property (Thailand) Public Company (FPT)?
Frasers Property (Thailand) Public Company reported trailing-twelve-month revenue of about 14.5B THB (latest available figure, as of Jul 11, 2026).
What is the net profit margin of FPT?
The net profit margin of Frasers Property (Thailand) Public Company is about 17.3%, meaning it keeps roughly 17.3% of revenue as net income. Based on the latest reported figures.
Does Frasers Property (Thailand) Public Company pay a dividend?
Frasers Property (Thailand) Public Company currently shows a dividend yield of about 4.89% relative to its recent price (as of Jul 11, 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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.