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OHTL Public Company (OHTL) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 3.9B THB

OP OHTL Public Company OHTL · BK
Price264.00 THB
Fair Value411.87 THB
Upside+56.0%
Quality51/100
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Mixed Growth
Solidly profitable · 11.9% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Moderate moat 59/100
Evidence: High Range 274.72 THB – 549.01 THB Share as image

Fair value as of: Jul 17, 2026

From 23 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 455.65 THB to 411.87 THB (−9.6%) since Jun 24, 2026. Share price −0.4% over the past month.

A solid business, screening 56% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (274.72 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (274.72 THB to 549.01 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

546.00 THB 254.00 THB Fair Value 411.87 THB Dec 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 254.00 THB – 546.00 THB · fair‑value band 274.72 THB – 549.01 THB · the 264.00 THB price screens below the 411.87 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

OHTL Public Company (OHTL) currently trades at 264.00 THB, while our model-based Fair Value estimate is 411.87 THB, implying the stock looks roughly 56.0% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical 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, OHTL Public Company generated revenue of 2.6B THB at a net margin of 11.9%. Revenue grew 13.3% year over year. It earns a return on equity of 11.0%. Net debt stands at 2.1B THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 274.72 THB (bear case) to 549.01 THB (bull case); at 264.00 THB, the current price sits below 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 27% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at 56%, OHTL 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 297.97 THB 425.26 THB 592.40 THB 80
Residual Income 165.54 THB 187.71 THB 323.16 THB 76
Rev-Margin DCF 168.73 THB 249.71 THB 339.02 THB 74
All 23 models by family
DCF Models
FCF DCF 290.00 THB 428.60 THB 619.19 THB 38
Owner Earnings 143.26 THB 219.43 THB 324.17 THB 31
5Y Revenue Exit 168.73 THB 244.36 THB 334.72 THB 39
5Y EBITDA Exit 345.51 THB 560.26 THB 800.82 THB 41
5Y P/E Exit 274.07 THB 432.60 THB 590.52 THB 38
10Y Revenue Exit 208.79 THB 284.46 THB 374.00 THB 36
10Y EBITDA Exit 320.90 THB 493.71 THB 707.42 THB 37
10Y P/E Exit 277.16 THB 409.15 THB 556.99 THB 35
Earnings-Based
Graham-Dodd 141.29 THB 342.12 THB 442.07 THB 54
PEG = 1.0 60.65 THB 86.64 THB 112.63 THB 46
EPV 197.45 THB 234.27 THB 266.04 THB 59
Multiples
P/E Multiple 342.83 THB 457.10 THB 571.38 THB 63
P/S Multiple 150.36 THB 200.47 THB 250.59 THB 58
P/B Multiple 264.91 THB 353.22 THB 441.52 THB 55
EV/EBIT 375.65 THB 512.80 THB 649.94 THB 53
EV/EBITDA 437.58 THB 595.36 THB 753.15 THB 54
EV/Revenue 104.56 THB 164.70 THB 224.84 THB 43
Asset-Based
NCAV (Graham) 92.64 THB 124.13 THB 185.27 THB 50
Growth DCF
Growth DCF 297.97 THB 425.26 THB 592.40 THB 80
Rev-Margin DCF 168.73 THB 249.71 THB 339.02 THB 74
Economic Profit
Residual Income 165.54 THB 187.71 THB 323.16 THB 76
ROIC Compounder 199.43 THB 249.80 THB 307.15 THB 72
Growth Earnings
Growth-Adj P/E 260.86 THB 372.65 THB 484.45 THB 68

Widest divergence: DCF Models (409.15 THB) versus Asset-Based (124.13 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.6B THB
Revenue growth (YoY) +13.3%
Net margin 11.9%
Return on equity 11.0%
Free cash flow 482M THB FY2025
P/E ratio 12.6
More key figures
Operating margin 26.8%
EPS (TTM) 20.72 THB
EPS growth (YoY) -0.4%
Net debt 2.1B THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 52 · Market factors (momentum, volatility) 34

Profitability 41
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 82
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

OHTL Public Company Limited, together with its subsidiaries, engages in the operation of hotels and restaurants in Thailand. The company operates in two segments, Hotel Operation and Food and Beverage. It is also involved in cooking school; and land and building leasing.

Full company description

OHTL Public Company Limited, together with its subsidiaries, engages in the operation of hotels and restaurants in Thailand. The company operates in two segments, Hotel Operation and Food and Beverage. It is also involved in cooking school; and land and building leasing. The company was formerly known as The Oriental Hotel (Thailand) Public Company Limited and changed its name to OHTL Public Company Limited in November 2008. OHTL Public Company Limited was founded in 1876 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OHTL Public Company reported revenue of 2.5B THB in FY2025 versus 562M THB in FY2021, a compound +45.6%/yr. Reported net income was 314M THB in FY2025.

Growth Quality 89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.5B THB
Latest YoY
−6.6%
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.
+9.4%
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.
+22.5%
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.
+1.4%
Revenue +45.6%/yr
FY21 562M THB
FY22 1.9B THB
FY23 2.5B THB
FY24 2.7B THB
FY25 2.5B THB
Net income
FY21 −621M THB
FY22 88.2M THB
FY23 277M THB
FY24 420M THB
FY25 314M THB
Character of growth · EPS growth decomposed (2014-2025) +8.3 % p.a.
Revenue per share +3.1 pp

of which total revenue +3.1 pp · buybacks/dilution +0.0 pp

EBIT margin +7.0 pp
Tax rate +0.7 pp
Residual (interest, one-offs) −2.5 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). "OHTL Public Company Fair Value". https://www.fairvalue-calculator.com/stock/OHTL

Peer Group

Lodging · 168 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 51 · Below median
Fair Value upside +56% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 27% · Top 25%
Revenue growth 13% · Top 25%
Debt / equity 0.36× · Higher than median

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than 75% of peers
P/B 1.39× · Pricier than median
P/S (TTM) 1.48× · Cheaper than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 6.1× · 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 100 · sector 1
FUTURE 67 · sector 18
PAST 44 · sector 11
HEALTH 82 · sector 90
DIVIDEND 0 · sector 23

Insider activity: 40/100

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 Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is OHTL Public Company (OHTL) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 411.87 THB versus a price of 264.00 THB, about +56% (undervalued).
What is the fair value of OHTL?
Our model-based fair value for OHTL Public Company is 411.87 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 264.00 THB.
What is the quality score of OHTL?
OHTL Public Company has a Quality Score of 51/100. 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 OHTL Public Company (OHTL)?
OHTL Public Company reported trailing-twelve-month revenue of about 2.6B THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of OHTL?
The net profit margin of OHTL Public Company is about 11.9%, meaning it keeps roughly 11.9% of revenue as net income. 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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