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Moshi Moshi Retail Corporation (MOSHI) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 12.8B THB

MM Moshi Moshi Retail Corporation MOSHI · BK
Price40.50 THB
Fair Value37.97 THB
Upside-6.3%
Quality63/100
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Healthy Growth
Solidly profitable · 18.5% net margin
generates free cash flow
3.07% dividend yield
Ranks above peers (9/14)
Wide moat 78/100
Evidence: High Range 26.24 THB – 77.40 THB Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Share price +3.8% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (26.24 THB to 77.40 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (4 years)

56.19 THB 27.18 THB Fair Value 37.97 THB Dec 2022 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

44‑month range 27.18 THB – 56.19 THB · fair‑value band 26.24 THB – 77.40 THB · the 40.50 THB price screens above the 37.97 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.

Full chart & analysis →

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Analysis

Moshi Moshi Retail Corporation (MOSHI) currently trades at 40.50 THB, while our model-based Fair Value estimate is 37.97 THB, implying the stock looks roughly 6.3% fairly valued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, Moshi Moshi Retail Corporation generated revenue of 3.8B THB at a net margin of 18.5%. Revenue grew 17.8% year over year. It earns a return on equity of 26.1%. Net debt stands at 2.9B THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 26.24 THB (bear case) to 77.40 THB (bull case); at 40.50 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 3% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at -6%, MOSHI screens richer 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
Residual Income 13.46 THB 17.65 THB 87.13 THB 76
Growth DCF 40.59 THB 77.16 THB 148.84 THB 72
Gordon GGM 7.35 THB 15.27 THB 24.23 THB 70
All 26 models by family
DCF Models
FCF DCF 42.83 THB 69.44 THB 149.50 THB 38
Owner Earnings 41.96 THB 94.90 THB 206.04 THB 31
5Y Revenue Exit 19.30 THB 29.86 THB 50.12 THB 39
5Y EBITDA Exit 37.39 THB 68.32 THB 125.75 THB 41
5Y P/E Exit 36.20 THB 74.27 THB 123.74 THB 38
10Y Revenue Exit 25.67 THB 43.48 THB 58.78 THB 36
10Y EBITDA Exit 38.94 THB 78.98 THB 153.07 THB 37
10Y P/E Exit 38.09 THB 76.63 THB 143.78 THB 35
Earnings-Based
Graham-Dodd 13.81 THB 96.31 THB 135.16 THB 54
Lynch FV 30.51 THB 43.58 THB 56.66 THB 50
PEG = 1.0 30.51 THB 43.58 THB 56.66 THB 46
EPV 21.01 THB 24.43 THB 27.43 THB 59
Dividend Discount
Gordon GGM 7.35 THB 15.27 THB 24.23 THB 70
DDM Multi-Stage 7.35 THB 12.88 THB 16.03 THB 61
Multiples
P/E Multiple 33.51 THB 44.68 THB 55.85 THB 63
P/S Multiple 9.99 THB 13.32 THB 16.66 THB 58
P/B Multiple 24.82 THB 33.10 THB 41.37 THB 55
EV/EBIT 36.42 THB 48.41 THB 60.40 THB 53
EV/EBITDA 35.64 THB 47.36 THB 59.09 THB 54
EV/Revenue 9.79 THB 13.78 THB 17.78 THB 43
Asset-Based
NCAV (Graham) 4.14 THB 5.54 THB 8.27 THB 50
Growth DCF
Growth DCF 40.59 THB 77.16 THB 148.84 THB 72
Rev-Margin DCF 19.30 THB 32.93 THB 53.44 THB 67
Economic Profit
Residual Income 13.46 THB 17.65 THB 87.13 THB 76
ROIC Compounder 26.20 THB 37.79 THB 53.89 THB 67
Growth Earnings
Growth-Adj P/E 41.68 THB 59.54 THB 77.40 THB 68

Widest divergence: DCF Models (69.44 THB) versus Asset-Based (5.54 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.8B THB
Revenue growth (YoY) +17.3%
Net margin 18.5%
Return on equity 26.1%
Free cash flow 860M THB FY2025
P/E ratio 18.1
More key figures
Operating margin 24.8%
EPS (TTM) 2.14 THB
Dividend yield 3.1%
EPS growth (YoY) +23.4%
Net debt 2.9B THB FY2025

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 67

Profitability 70
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 28
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 41
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

Moshi Moshi Retail Corporation Public Company Limited engages in the retail and wholesale of lifestyle products in Thailand. The company distributes home furnishings, stationery products, bags, plush toys, apparel, fashion products, beauty products, cosmetics, IT gadgets, toys, food, snacks, and pet accessories.

Full company description

Moshi Moshi Retail Corporation Public Company Limited engages in the retail and wholesale of lifestyle products in Thailand. The company distributes home furnishings, stationery products, bags, plush toys, apparel, fashion products, beauty products, cosmetics, IT gadgets, toys, food, snacks, and pet accessories. It sells its products through its branches and online channel. The company was formerly known as Moshi Moshi Japan Company Limited and changed its name to Moshi Moshi Retail Corporation Public Company Limited in July 2022. Moshi Moshi Retail Corporation Public Company Limited was founded in 1973 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Moshi Moshi Retail Corporation reported revenue of 3.7B THB in FY2025 versus 1.3B THB in FY2021, a compound +30.7%/yr. Reported net income was 670M THB in FY2025, compounding +50.3%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.7B THB
Latest YoY
+17.8%
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.
+24.7%
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.
+21.9%
Avg. growth/yr (7Y) 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.
+16.1%
Revenue +30.7%/yr
FY21 1.3B THB
FY22 1.9B THB
FY23 2.5B THB
FY24 3.1B THB
FY25 3.7B THB
Net income +50.3%/yr
FY21 131M THB
FY22 253M THB
FY23 402M THB
FY24 521M THB
FY25 670M THB

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Cite: Fair Value Calculator (2026). "Moshi Moshi Retail Corporation Fair Value". https://www.fairvalue-calculator.com/stock/MOSHI

Peer Group

Department Stores · 127 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 63 · Top 25%
Fair Value upside −6% · Below median
Return on equity (TTM) 26% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth 17% · Top 25%
Dividend yield (TTM) 3.1% · Above median

Valuation Multiples vs Department Stores median · lower = cheaper

P/E (TTM) 18.1× · Cheaper than median
P/B 4.68× · Pricier than 75% of peers
P/S (TTM) 3.36× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than median
EV/EBITDA 13.5× · Pricier than 75% of peers
PEG 1.26× · Pricier than median

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 25 · sector 26
FUTURE 87 · sector 2
PAST 100 · sector 16
HEALTH 0 · sector 96
DIVIDEND 61 · sector 37

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

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 5,875 CLP 8,880 CLP +51%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Vishal Mega Mart Limited VMM ₹113.94 ₹37.39 -67%
SHINSEGAE Inc 004170 610,000 KRW 200,259 KRW -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%
La Comer, S.A. LACOMERUBC 34.37 MXN 51.49 MXN +50%

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Frequently asked questions

Is Moshi Moshi Retail Corporation (MOSHI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 37.97 THB versus a price of 40.50 THB, about −6% (fairly valued).
What is the fair value of MOSHI?
Our model-based fair value for Moshi Moshi Retail Corporation is 37.97 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 40.50 THB.
What is the quality score of MOSHI?
Moshi Moshi Retail Corporation has a Quality Score of 63/100. 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 Moshi Moshi Retail Corporation (MOSHI)?
Moshi Moshi Retail Corporation reported trailing-twelve-month revenue of about 3.8B THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MOSHI?
The net profit margin of Moshi Moshi Retail Corporation is about 18.5%, meaning it keeps roughly 18.5% of revenue as net income. Based on the latest reported figures.
Does Moshi Moshi Retail Corporation pay a dividend?
Moshi Moshi Retail Corporation currently shows a dividend yield of about 3.32% 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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