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Finansia X Public Company Limited (FSX) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Finansia X Public Company Limited stock THB 0.96, price THB 0.86, upside +12.1%, quality 29 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Financial Services TH

FX Finansia X Public Company Limited logo Thin data Nov 10, 2026

Finansia X Public Company Limited

FSX · BK
Fairly valued, weak quality

The stock costs 11% less than our calculation considers fair.

Low debt
Fair value 0.9644 THB · Fairly valued
Mixed vs. peers (5/11)
Quality 29/100
Weak Growth (revenue 3y −23.1 %/yr in THB)
Loss-making · -40.6% net margin (TTM)
Negative free cash flow
Narrow moat 22/100 · thin data
Thin data
Estimate⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

3.20 THB 0.6800 THB Fair Value 0.9644 THB Aug 2023 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

39‑month range 0.6800 THB – 3.20 THB · fair‑value band 0.7233 THB – 1.21 THB · the 0.8600 THB price screens below the 0.9644 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

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.

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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 0.8600 THB, while our estimate is 0.9644 THB, so the stock looks roughly fairly valued today (gap 10.8%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: 0.7233 THB (bear) to 1.21 THB (bull), the price of 0.8600 THB sits inside 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 29/100 (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 980M THB (≈ $29.2M) Micro · P/S ratio 0.95 · EPS (TTM) −0.4500 THB · Net margin −40.6% · Return on equity −14.0% · Return on assets (EBIT) 3.2% (4-year average) · Operating margin 11.4% · Revenue (TTM) 1.2B THB.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).

What moves the price

The share trades about 41% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 12%, FSX screens cheaper than that median.

Fair Value

Bear 0.7233 THB Fair Value 0.9644 THB Bull 1.21 THB
Price 0.8600 THB · Upside +12.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 29/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 6
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 65
Debt, balance sheet and risk of trouble
Investment 70
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 17
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 20
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

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Revenue & earnings trend

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%
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
not computed

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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 · 455 stocks

Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside +12.1% · Above median
Profitability
Return on assets −7.6% · Bottom 25%
Net margin (12 months) −40.6% · Bottom 25%
Operating margin (12 months) 11.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) −4.2% · Below median
Balance sheet
Debt / equity 0.07× · Below median

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/B 0.27× · Cheapest 25%
P/S (12 months) 0.85× · Cheapest 25%
EV/EBITDA 9.4× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)49 · sector 32
FUTURE (revenue growth)0 · sector 58
PAST (return on equity)0 · sector 31
HEALTH (low debt)97 · sector 94
DIVIDEND (yield)0 · sector 46

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Morgan Stanley MS $187.56 $260.72 +39% vs FSX
The Charles Schwab Corporation SCHW $93.03 $117.60 +26% vs FSX
Guotai Haitong Securities Co 601211 ¥16.21 ¥18.02 +11% vs FSX
Nomura Holdings NMR $9.51 $10.17 +7% vs FSX
The Goldman Sachs Group GS $910.19 $766.86 −16% vs FSX
CITIC Securities Company 600030 ¥25.53 ¥20.42 −20% vs FSX
Robinhood Markets, Inc HOOD $81.33 $47.60 −41% vs FSX
Macquarie Group MQG A$249.23 A$123.84 −50% vs FSX
East Money Information Co 300059 ¥18.78 ¥6.72 −64% vs FSX
Interactive Brokers Group IBKR $77.59 $17.48 −77% vs FSX

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Finansia X Public Company Limited: fair value per Fair Value Calculator

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 Nov 10, 2026, our estimate of fair value is 0.9644 THB versus a price of 0.8600 THB, about +12% upside (fairly valued).
What is the fair value of FSX?
Our estimate for Finansia X Public Company Limited is 0.9644 THB (as of Nov 10, 2026), built from audited fundamentals. The current price: 0.8600 THB.
What is the quality score of FSX?
Finansia X Public Company Limited has a Quality Score of 29/100. 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 calculated price target is the estimate of 0.9644 THB (as of Nov 10, 2026). Cautious scenario 0.7233 THB, optimistic scenario 1.21 THB. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Finansia X Public Company Limited stock forecast for 2026?
Our estimate puts fair value at 0.9644 THB, about +12% upside versus a price of 0.8600 THB (fairly valued). Cautious scenario 0.7233 THB, optimistic scenario 1.21 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 Nov 10, 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 0.9644 THB per share (as of Nov 10, 2026), against a price of 0.8600 THB.
Is Finansia X Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, FSX trades below its calculated fair value: price 0.8600 THB, fair value 0.9644 THB, a gap of about +12% (fairly valued). 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 (0.8600 THB); the fair value is what the company's own numbers justify (0.9644 THB). For Finansia X Public Company Limited the two are 0.1044 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 980M THB (market capitalisation, as of Nov 10, 2026). Per share that is 0.8600 THB; our models calculate a fair value of 0.9644 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 0.7233 THB, base 0.9644 THB, optimistic 1.21 THB per share (as of Nov 10, 2026, price 0.8600 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 Nov 10, 2026): return on equity −14.0%, debt of 0.07 per unit of equity. They feed the Quality Score of 29/100, 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 0.8600 THB, about 41% below its 52-week high of 1.45 THB and 26% above the low of 0.6800 THB (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9644 THB is for.
Which stocks are comparable to Finansia X Public Company Limited?
From the same area (Financial Services) we also value Morgan Stanley, 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 Nov 10, 2026: price 0.8600 THB, calculated fair value 0.9644 THB (+12%), Quality Score 29/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Finansia X Public Company Limited currently trades 11% below its own fair value, and the market average says nothing about that. 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 Nov 10, 2026 was 0.8600 THB. Our estimate is 0.9644 THB, about +12% upside (fairly valued). 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?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

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 980M THB (≈ $29.2M). 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 0.95 (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 −40.6% (last twelve months). 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 −14.0% (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 11.4% (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 −4.2% 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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