KGI Securities (Thailand) Public Company (KGI) Fair Value & Analysis

Financial Services · TH · Market cap 9.4B THB

A solid business, screening 12% undervalued on our models.

What matters now

• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
• Our model range runs from 4.28 THB (bear) to 7.13 THB (bull), base 5.71 THB. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 70/100 (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 16, 2026.

How to read this chart

60‑month range 2.68 THB – 5.49 THB · fair‑value band 4.28 THB – 7.13 THB · the 5.10 THB price screens below the 5.71 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

KGI Securities (Thailand) Public Company (KGI) currently trades at 5.10 THB, while our model-based Fair Value estimate is 5.71 THB, implying the stock looks roughly 12.0% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Financial 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, KGI Securities (Thailand) Public Company generated revenue of 3.8B THB at a net margin of 25.8%. Revenue grew 29.5% year over year. It earns a return on equity of 12.0%. Net debt stands at 5.9B THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 4.28 THB (bear case) to 7.13 THB (bull case); at 5.10 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 near its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at 12%, KGI 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.

Widest divergence: Growth DCF (19.80 THB) versus Asset-Based (2.73 THB). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

KGI Securities (Thailand) Public Company Limited, together with its subsidiaries, engages in the securities and derivatives business in Thailand.

Full company description

KGI Securities (Thailand) Public Company Limited, together with its subsidiaries, engages in the securities and derivatives business in Thailand. It provides securities brokerage, securities dealing, investment advisory, securities underwriting, securities borrowing and lending, securities registrar, derivatives brokerage, and financial advisory services, as well as over-the-counter derivatives; and sells mutual fund units. The company also offers equity and derivatives trading, derivative warrants, fixed income, exchange traded funds, structured notes, and depositary receipts. In addition, it provides investment banking services, including fund raising, IPOs, mergers and acquisitions, debenture, financial instruments, and corporate advisory services, as well as non-life and life insurance broker, investment, and wealth management services. The company was formerly known as KGI Securities One Public Company Limited and changed its name to KGI Securities (Thailand) Public Company Limited in May 2001. KGI Securities (Thailand) Public Company Limited was founded in 1975 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KGI Securities (Thailand) Public Company reported revenue of 2.2B THB in FY2025 versus 5.3B THB in FY2021, a compound −19.5%/yr. Reported net income was 866M THB in FY2025, compounding −17.4%/yr from FY2021.

Watch KGI: get an alert when its fair value changes →

Peer Group

Capital Markets · 424 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 Capital Markets 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 Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Explore undervalued stocks

More undervalued Financial Services stocks →

Frequently asked questions

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.