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Micro Leasing Public Company (MICRO) Fair Value & Analysis

Financial Services · TH · Market cap 1.1B THB

ML Micro Leasing Public Company MICRO · BK
Price1.56 THB
Fair Value1.21 THB
Upside-22.4%
Quality72/100
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Healthy Growth
Solidly profitable · 15.5% net margin
Low debt · generates free cash flow
2.18% dividend yield
Mixed vs. peers (6/14)
Moderate moat 54/100
Evidence: Medium Range 1.21 THB – 1.21 THB Share as image

Fair value as of: Jul 18, 2026

From 10 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 1.23 THB to 1.21 THB (−1.6%) since Jun 26, 2026. Share price +38.1% over the past month.

A solid business, but screening 22% overvalued on our models.

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (1.21 THB). The favourable scenario is already priced in.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

9.52 THB 0.7168 THB Fair Value 1.21 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.7168 THB – 9.52 THB · the 1.56 THB price screens above the 1.21 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Micro Leasing Public Company (MICRO) currently trades at 1.56 THB, while our model-based Fair Value estimate is 1.21 THB, implying the stock looks roughly 22.4% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Micro Leasing Public Company generated revenue of 439M THB at a net margin of 15.5%. Revenue declined 3.9% year over year. It earns a return on equity of 4.0%. Net debt stands at 744M THB. Fundamentals as of Jul 18, 2026

The share trades near its 52-week high and 121% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at -22%, MICRO 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 10.35 THB 16.49 THB 25.27 THB 80
Residual Income 1.28 THB 1.18 THB 0.8700 THB 76
P/E Multiple 0.4800 THB 0.6400 THB 0.8000 THB 63
All 10 models by family
DCF Models
Owner Earnings 0.3300 THB 0.5900 THB 1.00 THB 31
5Y P/E Exit 4.13 THB 5.14 THB 6.08 THB 38
10Y P/E Exit 6.50 THB 8.21 THB 10.22 THB 35
Earnings-Based
Graham-Dodd 0.3400 THB 1.54 THB 2.12 THB 54
Lynch FV 0.4100 THB 0.5800 THB 0.7500 THB 50
Multiples
P/E Multiple 0.4800 THB 0.6400 THB 0.8000 THB 63
P/B Multiple 0.6300 THB 0.8400 THB 1.05 THB 55
Asset-Based
NCAV (Graham) 0.9600 THB 1.28 THB 1.91 THB 50
Growth DCF
Growth DCF 10.35 THB 16.49 THB 25.27 THB 80
Economic Profit
Residual Income 1.28 THB 1.18 THB 0.8700 THB 76

Widest divergence: Growth DCF (16.49 THB) versus Earnings-Based (0.5800 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 439M THB
Revenue growth (YoY) -3.9%
Net margin 15.5%
Return on equity 4.0%
Free cash flow 939M THB FY2025
P/E ratio 19.4
More key figures
Operating margin 35.2%
EPS (TTM) 0.0500 THB
Dividend yield 2.6%
EPS growth (YoY) +327%
Net debt 744M THB FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 69 · Market factors (momentum, volatility) 81

Profitability 24
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 90
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 92
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

Micro Leasing Public Company Limited, together with its subsidiaries, provides hire-purchase financial services for trucks and motorcycles in Thailand. The company offers loans for second-hand trucks, such as six-wheel trucks, ten-wheel trucks, twelve-wheel trucks, tow trucks, trailers, and tractor trucks.

Full company description

Micro Leasing Public Company Limited, together with its subsidiaries, provides hire-purchase financial services for trucks and motorcycles in Thailand. The company offers loans for second-hand trucks, such as six-wheel trucks, ten-wheel trucks, twelve-wheel trucks, tow trucks, trailers, and tractor trucks. It also provides liquidity enhancing loans or secured loans; refinancing loans; motorcycle leasing loan; truck registration loan; insurance broker; personal loan; and truck auction services. Micro Leasing Public Company Limited was founded in 1994 and is headquartered in Nakhon Pathom, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Micro Leasing Public Company reported revenue of 600M THB in FY2025 versus 624M THB in FY2021, a compound −1.0%/yr. Reported net income was 46.2M THB in FY2025, compounding −29.5%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
600M THB
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.
+6.3%
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.
+18.3%
Avg. growth/yr (9Y) 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.
+29.3%
Revenue −1.0%/yr
FY21 624M THB
FY22 846M THB
FY23 909M THB
FY24 749M THB
FY25 600M THB
Net income −29.5%/yr
FY21 187M THB
FY22 79.1M THB
FY23 −52.5M THB
FY24 −153M THB
FY25 46.2M THB

MICRO screens 22% overvalued. Compare with Visa Inc →

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Cite: Fair Value Calculator (2026). "Micro Leasing Public Company Fair Value". https://www.fairvalue-calculator.com/stock/MICRO

Peer Group

Credit Services · 331 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 73 · Top 25%
Fair Value upside −22% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 15% · Below median
Operating margin (TTM) 35% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 2.2% · Below median
Debt / equity 0.33× · Lower than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 24.0× · Pricier than 75% of peers
P/B 0.63× · Cheaper than median
P/S (TTM) 2.55× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.0× · 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 3 · sector 37
FUTURE 0 · sector 39
PAST 16 · sector 32
HEALTH 83 · sector 58
DIVIDEND 44 · sector 51

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Micro Leasing Public Company (MICRO) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 1.21 THB versus a price of 1.56 THB, about −22% (overvalued).
What is the fair value of MICRO?
Our model-based fair value for Micro Leasing Public Company is 1.21 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 1.56 THB.
What is the quality score of MICRO?
Micro Leasing Public Company has a Quality Score of 72/100. 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 Micro Leasing Public Company (MICRO)?
Micro Leasing Public Company reported trailing-twelve-month revenue of about 439M THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MICRO?
The net profit margin of Micro Leasing Public Company is about 15.5%, meaning it keeps roughly 15.5% of revenue as net income. Based on the latest reported figures.
Does Micro Leasing Public Company pay a dividend?
Micro Leasing Public Company currently shows a dividend yield of about 2.62% relative to its recent price (as of Jul 18, 2026).

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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