Forth Smart Service Public Company (FSMART) Fair Value & Analysis
Communication Services · TH · Market cap 5.6B THB
Fair value as of: Jul 14, 2026
From 24 valuation models · updated 27 days ago
Share price +2.6% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from 6.06 THB (bear) to 10.12 THB (bull), base 8.10 THB. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 65/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 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
60‑month range 4.30 THB – 22.58 THB · fair‑value band 6.06 THB – 10.12 THB · the 7.80 THB price screens below the 8.10 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
Forth Smart Service Public Company (FSMART) currently trades at 7.80 THB, while our model-based Fair Value estimate is 8.10 THB, implying the stock looks roughly 3.9% fairly valued today. The Quality Score stands at 65/100 (solid quality), in the Communication 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, Forth Smart Service Public Company generated revenue of 2.3B THB at a net margin of 24.7%. Revenue declined 9.7% year over year. It earns a return on equity of 33.9%. Net debt stands at 548M THB. Fundamentals as of Jul 14, 2026
Our scenario range runs from 6.06 THB (bear case) to 10.12 THB (bull case); at 7.80 THB, the current price sits within 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 18% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 4%, FSMART 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.
All 24 models by family
Widest divergence: Growth Earnings (12.95 THB) versus Asset-Based (1.55 THB). Highest evidence: Growth DCF (80).
Notify me when FSMART reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
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 63 · Market factors (momentum, volatility) 62
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
Forth Smart Service Public Company Limited, together with its subsidiaries, provides prepaid mobile top-up services in Thailand. The company operates through two segments, Top up machine and Lending.
Full company description
Forth Smart Service Public Company Limited, together with its subsidiaries, provides prepaid mobile top-up services in Thailand. The company operates through two segments, Top up machine and Lending. It renders money transfer, online payment receival, and advertising services through online top-up machines, as well as provides services relating to online top-up machines and distributes goods. In addition, the company is involved in the provision of nano finance and personal loan; development and maintenance of software businesses; and sourcing and distributing products to support the group's loan products. Forth Smart Service Public Company Limited was founded in 2008 and is headquartered in Bangkok, Thailand. Forth Smart Service Public Company Limited is a subsidiary of Forth Corporation Public Company Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Forth Smart Service Public Company reported revenue of 2.2B THB in FY2025 versus 2.7B THB in FY2021, a compound −5.0%/yr. Reported net income was 587M THB in FY2025, compounding +10.0%/yr from FY2021.
of which total revenue +2.8 pp · buybacks/dilution −0.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
Watch FSMART: get an alert when its fair value changes →
Peer Group
Telecom Services · 250 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 Telecom Services 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 Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 600941 | ¥89.98 | ¥109.88 | +22% |
| T-Mobile US, Inc TMUS | $187.61 | $172.67 | -8% |
| Bharti Airtel Limited BHARTIARTL | ₹1,922 | ₹941.55 | -51% |
| China Telecom Corporation 601728 | ¥6.01 | ¥8.36 | +39% |
| América Móvil, S.A. AMXB | 23.07 MXN | 30.35 MXN | +32% |
| Vodafone Group VODN | 259.50 MXN | 507.27 MXN | +95% |
| Advanced Info Service Public Company ADVANC | 379.00 THB | 286.77 THB | -24% |
| Chunghwa Telecom Co 2412 | 133.50 TWD | 100.00 TWD | -25% |
| China Unicom (Hong Kong) Limited 0762 | HK$6.50 | HK$13.03 | +100% |
| Telefónica, S.A TEFN | 75.67 MXN | 111.01 MXN | +47% |
Compare Forth Smart Service Public Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Communication Services stocks →
Frequently asked questions
Is Forth Smart Service Public Company (FSMART) overvalued or undervalued?
What is the fair value of FSMART?
What is the quality score of FSMART?
What is the revenue of Forth Smart Service Public Company (FSMART)?
What is the net profit margin of FSMART?
Does Forth Smart Service Public Company pay a dividend?
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 Forth Smart Service 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.