PM Thoresen Asia Holdings PCL (PMTA) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of PM Thoresen Asia Holdings PCL stock THB 14.49, price THB 8.55, upside +69.5%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 5.64 THB – 12.66 THB · fair‑value band 13.32 THB – 16.44 THB · the 8.55 THB price screens below the 14.49 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
Follow PM Thoresen Asia Holdings PCL in your weekly email
Every Wednesday you see whether PM Thoresen Asia Holdings PCL is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PM Thoresen Asia Holdings Public Company Limited, together with its subsidiaries, manufactures fertilizer and crop care products and provides factory area management services in Vietnam, the Philippines, Madagascar, and internationally.
Show moreShow less
The company manufactures and supplies NPK compound, compounds and single fertilizers, and foliar, as well as pesticides and insecticides under the STORK brand name.
It also operates and leases warehouses; and offers value-added services, including offices for supervisory personnel, commercial vehicle parking, guards, and utilities.
In addition, the company engages in import; general trading; and provision of procurement services for macronutrient products, such as nitrogen, phosphate, and potash. It exports its products. The company was incorporated in 2013 and is based in Bangkok, Thailand.
PM Thoresen Asia Holdings Public Company Limited is a subsidiary of Thoresen Thai Agencies Public Company Limited.
Stock analysis
PM Thoresen Asia Holdings PCL (PMTA) currently trades at 8.55 THB, while our model-based Fair Value estimate is 14.49 THB, implying the stock looks roughly 41% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 23.71 THB per share, and 15 of the 15 models we run sit above the 8.55 THB price.
Bear case: the Asset-Based group reads lowest at 8.68 THB, and 0 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 13.32 THB (bear) to 16.44 THB (bull), the price of 8.55 THB sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
PM Thoresen Asia Holdings PCL reported revenue of 3.7B THB in FY2025 versus 3.9B THB in FY2021, a compound −1.6%/yr. Reported net income was 151M THB in FY2025, compounding +3.2%/yr from FY2021.
Key figures
Market cap 865M THB (≈ $25.9M) Micro · P/E ratio 11.0 · P/S ratio 0.26 · EPS (TTM) 0.7800 THB · Dividend yield 8.2% · Net margin 2.4% · Return on equity 5.0% · Return on assets (EBIT) 6.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 4% fair-value upside, at 69%, PMTA screens cheaper than that median.
Fair Value models
Bear13.32 THBFair Value 14.49 THBBull16.44 THB
Price 8.55 THB · Upside +69.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0686 THB per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.32/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−4.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Start year 2020 (pandemic). Over 10 years: +1.1% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in THB (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +12.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +4.2%
Dividend (yield on the price)8.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 10.0% / −5.9%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 6%
2025 sits 94% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.93 per share, median 2.13 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Compare PM Thoresen Asia Holdings PCL with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Agricultural Inputs · 162 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+69.5% · Top 25%
Profitability
Return on equity (12 months)5.0% · Below median
Return on assets5.7% · Above median
Net margin (12 months)2.4% · Below median
Operating margin (12 months)1.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−29.1% · Bottom 25%
Dividend yield (12 months)8.2% · Top 25%
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "PM Thoresen Asia Holdings PCL Fair Value". https://www.fairvalue-calculator.com/stock/PMTA
Frequently asked questions
Is PM Thoresen Asia Holdings PCL (PMTA) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 14.49 THB versus a price of 8.55 THB, about +69% upside (undervalued).
What is the fair value of PMTA?
Our model-based fair value for PM Thoresen Asia Holdings PCL is 14.49 THB (as of Nov 3, 2026), built from audited fundamentals. The current price: 8.55 THB.
What is the quality score of PMTA?
PM Thoresen Asia Holdings PCL 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 price target for PM Thoresen Asia Holdings PCL (PMTA)?
Our model-based price target is the fair value of 14.49 THB (as of Nov 3, 2026) from 15 valuation models. Cautious scenario 13.32 THB, optimistic scenario 16.44 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the PM Thoresen Asia Holdings PCL stock forecast for 2026?
Our models put fair value at 14.49 THB, about +69% upside versus a price of 8.55 THB (undervalued). Cautious scenario 13.32 THB, optimistic scenario 16.44 THB. The calculation is refreshed regularly with new filings.
What is the revenue of PM Thoresen Asia Holdings PCL (PMTA)?
PM Thoresen Asia Holdings PCL reported trailing-twelve-month revenue of about 3.3B THB (latest available figure, as of Nov 3, 2026).
Does PM Thoresen Asia Holdings PCL pay a dividend?
PM Thoresen Asia Holdings PCL currently shows a dividend yield of 8.19% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of PM Thoresen Asia Holdings PCL (PMTA) and when is the ex-dividend date?
PM Thoresen Asia Holdings PCL pays a dividend of 0.7 THB per share a year, a dividend yield of 8.2%. The last ex-dividend date was Mar 12, 2026. A dividend has been paid every year since at least 2016. The payout ratio is 89.7% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of PM Thoresen Asia Holdings PCL (PMTA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PM Thoresen Asia Holdings PCL it is 14.49 THB per share (as of Nov 3, 2026), against a price of 8.55 THB. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is PM Thoresen Asia Holdings PCL stock overvalued or undervalued in 2026?
As of Nov 3, 2026, PMTA trades below its calculated fair value: price 8.55 THB, fair value 14.49 THB, a gap of about +69% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PMTA?
No. The price is what the market pays today (8.55 THB); the fair value is what the company's own numbers justify (14.49 THB). For PM Thoresen Asia Holdings PCL the two are 5.94 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is PM Thoresen Asia Holdings PCL worth?
The market values PM Thoresen Asia Holdings PCL at about 865M THB (market capitalisation, as of Nov 3, 2026). Per share that is 8.55 THB; our models calculate a fair value of 14.49 THB per share.
What do the bullish and bearish scenarios say about PMTA?
Our models span a range for PM Thoresen Asia Holdings PCL: cautious scenario 13.32 THB, base 14.49 THB, optimistic 16.44 THB per share (as of Nov 3, 2026, price 8.55 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PMTA?
PM Thoresen Asia Holdings PCL trades at a price-to-earnings ratio of 11.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 14.49 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 9.9. Other multiples: P/B 0.6, P/S 0.3, EV/EBITDA 2.8.
How solid is the balance sheet of PM Thoresen Asia Holdings PCL (PMTA)?
Balance-sheet figures for PM Thoresen Asia Holdings PCL (as of Nov 3, 2026): return on equity 5.0%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is PMTA from its 52-week high?
PM Thoresen Asia Holdings PCL trades at 8.55 THB, about 17% below its 52-week high of 10.30 THB and 4% above the low of 8.20 THB (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 14.49 THB is for.
Which stocks are comparable to PM Thoresen Asia Holdings PCL?
From the same area (Basic Materials) we also value Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, Yara International ASA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is PM Thoresen Asia Holdings PCL stock attractive at the current price?
The data as of Nov 3, 2026: price 8.55 THB, calculated fair value 14.49 THB (+69%), Quality Score 52/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PMTA calculated?
We run PM Thoresen Asia Holdings PCL through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 14.49 THB builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. PM Thoresen Asia Holdings PCL currently trades 41% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of PM Thoresen Asia Holdings PCL (PMTA)?
The closing price on Nov 9, 2026 was 8.55 THB. Our model-based fair value is 14.49 THB, about +69% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PM Thoresen Asia Holdings PCL right now?
The price is below even our cautious bear case (13.32 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of PM Thoresen Asia Holdings PCL (PMTA) come from?
Earnings per share at PM Thoresen Asia Holdings PCL grew −9.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.3 %, EBIT margin −7.5 %, tax rate −0.7 %, residual (interest, one-offs) −2.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of PM Thoresen Asia Holdings PCL
How large is the market capitalisation of PM Thoresen Asia Holdings PCL (PMTA)?
The market capitalisation of PM Thoresen Asia Holdings PCL is 865M THB (≈ $25.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of PM Thoresen Asia Holdings PCL (PMTA)?
The price-to-sales ratio of PM Thoresen Asia Holdings PCL is 0.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PM Thoresen Asia Holdings PCL (PMTA)?
Earnings per share at PM Thoresen Asia Holdings PCL are 0.7800 THB (price ÷ EPS = P/E 11.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PM Thoresen Asia Holdings PCL (PMTA)?
The dividend yield of PM Thoresen Asia Holdings PCL is 8.2% (payout 89.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PM Thoresen Asia Holdings PCL (PMTA)?
The net margin of PM Thoresen Asia Holdings PCL is 2.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of PM Thoresen Asia Holdings PCL (PMTA)?
The return on equity (ROE) of PM Thoresen Asia Holdings PCL is 5.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of PM Thoresen Asia Holdings PCL (PMTA)?
On an EBIT basis the return on assets of PM Thoresen Asia Holdings PCL is 6.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of PM Thoresen Asia Holdings PCL (PMTA)?
The operating margin of PM Thoresen Asia Holdings PCL is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PM Thoresen Asia Holdings PCL (PMTA)?
Revenue at PM Thoresen Asia Holdings PCL is growing −29.1% versus a year earlier (3y avg −4.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at PM Thoresen Asia Holdings PCL (PMTA)?
Earnings per share at PM Thoresen Asia Holdings PCL are growing −98.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PM Thoresen Asia Holdings PCL (PMTA) generate?
The free cash flow of PM Thoresen Asia Holdings PCL is −332M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does PM Thoresen Asia Holdings PCL (PMTA) carry?
The net debt of PM Thoresen Asia Holdings PCL is 445M THB (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch PM Thoresen Asia Holdings PCL in the live analysis
One click puts PM Thoresen Asia Holdings PCL on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 3, 2026