Forth Smart Service Public Company (FSMART) Fair Value & Analysis
Communication Services · TH · Market cap 5.5B THB
Fair value as of: Jun 24, 2026
Analysis
Forth Smart Service Public Company (FSMART) currently trades at 6.90 THB, while our model-based Fair Value estimate is 8.10 THB — implying the stock looks roughly 17.4% undervalued today. We read business quality at 95/100 (high 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.
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. 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.
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.