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Jasmine International Public Company (JAS) Fair Value & Analysis

Communication Services · TH · Market cap 9.4B THB

JI Jasmine International Public Company JAS · BK
Price1.05 THB
Fair Value1.42 THB
Upside+35.2%
Quality52/100
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Weak Growth
Loss-making · -31.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 14/100
Evidence: Medium Range 1.00 THB – 1.84 THB Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated yesterday

Share price −6.3% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (1.00 THB to 1.84 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

3.56 THB 0.8873 THB Fair Value 1.42 THB Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.8873 THB – 3.56 THB · fair‑value band 1.00 THB – 1.84 THB · the 1.05 THB price screens below the 1.42 THB fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Jasmine International Public Company (JAS) currently trades at 1.05 THB, while our model-based Fair Value estimate is 1.42 THB, implying the stock looks roughly 35.2% undervalued today. The Quality Score stands at 52/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Jasmine International Public Company generated revenue of 4.3B THB at a net margin of -32.4%. Revenue grew 89.7% year over year. It earns a return on equity of -16.5%. The balance sheet holds a net cash position of 139M THB. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.00 THB (bear case) to 1.84 THB (bull case); at 1.05 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 30% fair-value upside, at 35%, JAS screens cheaper 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.

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
Highest evidence
Growth DCF 6.48 THB 8.43 THB 11.67 THB 80
NCAV (Graham) 0.4300 THB 0.5800 THB 0.8700 THB 50
EV/Revenue 1.24 THB 1.66 THB 2.09 THB 43
All 6 models by family
DCF Models
FCF DCF 6.28 THB 8.29 THB 11.92 THB 38
5Y Revenue Exit 3.16 THB 3.69 THB 4.45 THB 39
10Y Revenue Exit 4.32 THB 4.97 THB 5.62 THB 36
Multiples
EV/Revenue 1.24 THB 1.66 THB 2.09 THB 43
Asset-Based
NCAV (Graham) 0.4300 THB 0.5800 THB 0.8700 THB 50
Growth DCF
Growth DCF 6.48 THB 8.43 THB 11.67 THB 80

Widest divergence: Growth DCF (8.43 THB) versus Asset-Based (0.5800 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.3B THB
Revenue growth (YoY) +89.7%
Net margin -31.1%
Return on equity -16.5%
Free cash flow 5.2B THB FY2025
Operating margin -28.5%
More key figures
EPS (TTM) -0.1700 THB
EPS growth (YoY) +833%
Net cash 139M THB FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 56 · Market factors (momentum, volatility) 31

Profitability 3
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 98
Buybacks instead of dilution

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

Jasmine International Public Company Limited, through its subsidiaries, engages in telecommunications, media, and technology businesses in Thailand. The company operates in three segments: Media and Content; Digital Asset and Technology Solution; and Other.

Full company description

Jasmine International Public Company Limited, through its subsidiaries, engages in telecommunications, media, and technology businesses in Thailand. The company operates in three segments: Media and Content; Digital Asset and Technology Solution; and Other. It offers content for internet protocol television; satellite telecommunications; internet and international calling card; online movie and internet protocol television services; computer system integration, software development, and cloud computing services; and data communication services. The company also provides circuit leasing, local and international data communication, and Bitcoin mining services; cloud AI, internet of things, and fintech; and engineer design and consultancy services in energy management and clean energy systems. In addition, it engages in the rental of office building; distribution of computer products; design, installation, and testing of telecommunications systems; survey, design, and construction for civil work of telecommunications projects; generation and distribution of electricity from renewable and all other energies; and management of international investments. Jasmine International Public Company Limited was founded in 1982 and is based in Nonthaburi, Thailand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jasmine International Public Company reported revenue of 3.9B THB in FY2025 versus 19.3B THB in FY2021, a compound −33.1%/yr. Reported net income was −502M THB in FY2025.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.9B THB
Latest YoY
+19.5%
Avg. growth/yr (3Y) 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.
−41.9%
Avg. growth/yr (5Y) 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.
−27.0%
Avg. growth/yr (25Y) 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.
−0.6%
Revenue −33.1%/yr
FY21 19.3B THB
FY22 19.7B THB
FY23 2.2B THB
FY24 3.2B THB
FY25 3.9B THB
Net income
FY21 −1.4B THB
FY22 −2.1B THB
FY23 19.8B THB
FY24 494M THB
FY25 −502M THB
Character of growth · EPS growth decomposed (2014-2025) +1.9 % p.a.
Revenue per share −19.0 pp

of which total revenue −17.5 pp · buybacks/dilution −1.6 pp

EBIT margin +42.4 pp
Tax rate +2.7 pp
Residual (interest, one-offs) −24.0 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).

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Cite: Fair Value Calculator (2026). "Jasmine International Public Company Fair Value". https://www.fairvalue-calculator.com/stock/JAS

Peer Group

Telecom Services · 253 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.

Quality Score 52 · Below median
Fair Value upside +35% · Above median
Return on assets -8% · Bottom 25%
Net margin (TTM) -31% · Bottom 25%
Operating margin (TTM) -29% · Bottom 25%
Revenue growth 81% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Telecom Services median · lower = cheaper

P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
PEG 0.05× · Cheaper than 75% of peers

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.

VALUE 80 · sector 26
FUTURE 100 · sector 15
PAST 0 · sector 27
HEALTH 97 · sector 89
DIVIDEND 0 · sector 71

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

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥96.11 ¥109.88 +14%
Bharti Airtel Limited BHARTIARTL ₹1,945 ₹941.55 -52%
China Telecom Corporation 601728 ¥6.43 ¥8.36 +30%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 494.99 MXN +91%
Advanced Info Service Public Company ADVANC 374.00 THB 286.77 THB -23%
Chunghwa Telecom Co 2412 136.00 TWD 100.00 TWD -26%
Telefónica, S.A TEFN 75.67 MXN 108.96 MXN +44%
TLKM TLKM 2,590 IDR 3,898 IDR +50%
PT Indoritel Makmur Internasional Tbk., DNET 9,500 IDR 1,503 IDR -84%

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Frequently asked questions

Is Jasmine International Public Company (JAS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.42 THB versus a price of 1.05 THB, about +35% (undervalued).
What is the fair value of JAS?
Our model-based fair value for Jasmine International Public Company is 1.42 THB (as of Aug 13, 2026), built from audited fundamentals. The current price is 1.05 THB.
What is the quality score of JAS?
Jasmine International Public Company has a Quality Score of 52/100. 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 revenue of Jasmine International Public Company (JAS)?
Jasmine International Public Company reported trailing-twelve-month revenue of about 4.3B THB (latest available figure, as of Aug 13, 2026).
What is the net profit margin of JAS?
The net profit margin of Jasmine International Public Company is about -32.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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