Finansia X Public Company Limited (FSX) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Finansia X Public Company Limited THB 0.31, price THB 1.01, upside -69.7%, quality 19 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
37‑month range 0.6800 THB – 3.20 THB · fair‑value band 0.1955 THB – 0.4165 THB · the 1.01 THB price screens above the 0.3060 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Finansia X Public Company Limited, through its subsidiaries, engages in the securities business in Thailand. It operates through three segments: Securities and Derivatives Brokerage, Investment Banking, and Proprietary Trading. The company provides securities and derivative brokering, and securities borrowing and lending services.
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Finansia X Public Company Limited, through its subsidiaries, engages in the securities business in Thailand. It operates through three segments: Securities and Derivatives Brokerage, Investment Banking, and Proprietary Trading. The company provides securities and derivative brokering, and securities borrowing and lending services. It also offers underwriting, and investment and financial advisory services, as well as solutions for investment proprietary trading, and fund management services. In addition, the company is also involved in digital asset and holding businesses. Finansia X Public Company Limited was incorporated in 2022 and is headquartered in Bangkok, Thailand.
Stock analysis
Finansia X Public Company Limited (FSX) currently trades at 1.01 THB, while our model-based Fair Value estimate is 0.3060 THB, implying the stock looks roughly 230.0% overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 90/100, which puts the evidence level at low.
Scenario range: 0.1955 THB (bear) to 0.4165 THB (bull), the price of 1.01 THB sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 19/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Finansia X Public Company Limited reported revenue of 988M THB in FY2025 versus 2.2B THB in FY2022, a compound −23.1%/yr. Reported net income was −419M THB in FY2025.
Key figures
Market cap 1.3B THB (≈ $37.5M) · P/S ratio 1.07 · EPS (TTM) −0.4500 THB · Net margin −42.4% · Return on equity −13.0% · Return on assets (EBIT) 3.2% · Operating margin 9.0% · Revenue (TTM) 1.2B THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 49% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −17% fair-value upside, at −70%, FSX screens richer than that median.
Fair Value models
Bear 0.1955 THBFair Value 0.3060 THBBull 0.4165 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−21.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−23.1%
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
29.8% (2022) → −8.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Finansia X Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Capital Markets · 460 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score24 · Bottom 25%
Fair Value upside−70% · Bottom 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)−39% · Bottom 25%
Operating margin (TTM)9% · Below median
Growth and dividend
Revenue growth−8% · Bottom 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/S (TTM)0.03× · Cheapest 25%
EV/EBITDA2.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)0· sector 92
PAST (return on equity)0· sector 30
HEALTH (low debt)97· sector 95
DIVIDEND (yield)0· sector 41
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Finansia X Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/FSX
Frequently asked questions
Is Finansia X Public Company Limited (FSX) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.3060 THB versus a price of 1.01 THB, about −70% upside (overvalued).
What is the fair value of FSX?
Our model-based fair value for Finansia X Public Company Limited is 0.3060 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.01 THB.
What is the quality score of FSX?
Finansia X Public Company Limited has a Quality Score of 19/100. 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 price target for Finansia X Public Company Limited (FSX)?
Our model-based price target is the fair value of 0.3060 THB (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 0.1955 THB, optimistic scenario 0.4165 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Finansia X Public Company Limited stock forecast for 2026?
Our models put fair value at 0.3060 THB, about −70% upside versus a price of 1.01 THB (overvalued). Cautious scenario 0.1955 THB, optimistic scenario 0.4165 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Finansia X Public Company Limited (FSX)?
Finansia X Public Company Limited reported trailing-twelve-month revenue of about 1.2B THB (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Finansia X Public Company Limited (FSX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Finansia X Public Company Limited it is 0.3060 THB per share (as of Sep 24, 2026), against a price of 1.01 THB. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Finansia X Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FSX trades above its calculated fair value: price 1.01 THB, fair value 0.3060 THB, a gap of about −70% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FSX?
No. The price is what the market pays today (1.01 THB); the fair value is what the company's own numbers justify (0.3060 THB). For Finansia X Public Company Limited the two are 0.7040 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Finansia X Public Company Limited worth?
The market values Finansia X Public Company Limited at about 1.3B THB (market capitalisation, as of Sep 24, 2026). Per share that is 1.01 THB; our models calculate a fair value of 0.3060 THB per share.
What do the bullish and bearish scenarios say about FSX?
Our models span a range for Finansia X Public Company Limited: cautious scenario 0.1955 THB, base 0.3060 THB, optimistic 0.4165 THB per share (as of Sep 24, 2026, price 1.01 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Finansia X Public Company Limited (FSX)?
Balance-sheet figures for Finansia X Public Company Limited (as of Sep 24, 2026): return on equity −13.0%, debt of 0.07 per unit of equity. They feed the Quality Score of 19/100, which measures business quality independently of the share price.
How far is FSX from its 52-week high?
Finansia X Public Company Limited trades at 1.01 THB, about 30% below its 52-week high of 1.45 THB and 49% above the low of 0.6800 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3060 THB is for.
Which stocks are comparable to Finansia X Public Company Limited?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Finansia X Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 1.01 THB, calculated fair value 0.3060 THB (−70%), Quality Score 19/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FSX calculated?
We run Finansia X Public Company Limited through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.3060 THB, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Finansia X Public Company Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Finansia X Public Company Limited (FSX)?
The closing price on Sep 24, 2026 was 1.01 THB. Our model-based fair value is 0.3060 THB, about −70% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Finansia X Public Company Limited right now?
The price sits above even our optimistic bull case (0.4165 THB). The favourable scenario is already priced in. Weak quality (19/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.1955 THB to 0.4165 THB) leaves room in how you read the outcome.
Key figures of Finansia X Public Company Limited
How large is the market capitalisation of Finansia X Public Company Limited (FSX)?
The market capitalisation of Finansia X Public Company Limited is 1.3B THB (≈ $37.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Finansia X Public Company Limited (FSX)?
The price-to-sales ratio of Finansia X Public Company Limited is 1.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Finansia X Public Company Limited (FSX)?
Earnings per share at Finansia X Public Company Limited are −0.4500 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Finansia X Public Company Limited (FSX)?
The net margin of Finansia X Public Company Limited is −42.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Finansia X Public Company Limited (FSX)?
The return on equity (ROE) of Finansia X Public Company Limited is −13.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Finansia X Public Company Limited (FSX)?
On an EBIT basis the return on assets of Finansia X Public Company Limited is 3.2% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Finansia X Public Company Limited (FSX)?
The operating margin of Finansia X Public Company Limited is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Finansia X Public Company Limited (FSX)?
Revenue at Finansia X Public Company Limited is growing −8.4% versus a year earlier (3y avg −23.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Finansia X Public Company Limited (FSX) generate?
The free cash flow of Finansia X Public Company Limited is −71.7M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Finansia X Public Company Limited (FSX) carry?
The net debt of Finansia X Public Company Limited is 170M THB (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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