PM Thoresen Asia Holdings PCL (PMTA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of PM Thoresen Asia Holdings PCL THB 14.41, price THB 8.40, upside +71.6%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 5.01 THB – 12.66 THB · fair‑value band 13.24 THB – 17.37 THB · the 8.40 THB price screens below the 14.41 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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. 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 8.40 THB, while our model-based Fair Value estimate is 14.41 THB, implying the stock looks roughly 41.7% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 25.38 THB per share, and 15 of the 15 models we run sit above the 8.40 THB price.
Bear case: the Dividend Discount group reads lowest at 9.87 THB, and 0 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 13.24 THB (bear) to 17.37 THB (bull), the price of 8.40 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 53/100 (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 972M THB (≈ $29.1M) · P/E ratio 6.1 · P/S ratio 0.25 · EPS (TTM) 1.38 THB · Dividend yield 8.3% · Net margin 4.1% · Return on equity 8.3% · Return on assets (EBIT) 6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 18% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 72%, PMTA screens cheaper than that median.
Fair Value models
Bear 13.24 THBFair Value 14.41 THBBull 17.37 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.4993 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.Evidence ⓘEvidence = 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%
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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.
+12.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.2%
Dividend (yield on the price)8.3%
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.10% vs −6%, picking up
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.
Compare PM Thoresen Asia Holdings PCL with another stock
Price, fair value, quality and upside side by side.
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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 · 180 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+68% · Top 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets5% · Above median
Net margin (TTM)4% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−8% · Bottom 25%
Dividend yield (TTM)8.3% · 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 Sep 24, 2026, our model estimates a fair value of 14.41 THB versus a price of 8.40 THB, about +72% upside (undervalued).
What is the fair value of PMTA?
Our model-based fair value for PM Thoresen Asia Holdings PCL is 14.41 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 8.40 THB.
What is the quality score of PMTA?
PM Thoresen Asia Holdings PCL has a Quality Score of 53/100. 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 14.41 THB (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 13.24 THB, optimistic scenario 17.37 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 14.41 THB, about +72% upside versus a price of 8.40 THB (undervalued). Cautious scenario 13.24 THB, optimistic scenario 17.37 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 3.6B THB (latest available figure, as of Sep 24, 2026).
Does PM Thoresen Asia Holdings PCL pay a dividend?
PM Thoresen Asia Holdings PCL currently shows a dividend yield of about 8.33% relative to its recent price (as of Sep 24, 2026).
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 14.41 THB per share (as of Sep 24, 2026), against a price of 8.40 THB. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is PM Thoresen Asia Holdings PCL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PMTA trades below its calculated fair value: price 8.40 THB, fair value 14.41 THB, a gap of about +72% (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 (8.40 THB); the fair value is what the company's own numbers justify (14.41 THB). For PM Thoresen Asia Holdings PCL the two are 6.01 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 972M THB (market capitalisation, as of Sep 24, 2026). Per share that is 8.40 THB; our models calculate a fair value of 14.41 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 13.24 THB, base 14.41 THB, optimistic 17.37 THB per share (as of Sep 24, 2026, price 8.40 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 6.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 14.41 THB is built from several models across several years. Other multiples: P/B 0.6, P/S 0.3, EV/EBITDA 2.5.
How solid is the balance sheet of PM Thoresen Asia Holdings PCL (PMTA)?
Balance-sheet figures for PM Thoresen Asia Holdings PCL (as of Sep 24, 2026): return on equity 8.3%. They feed the Quality Score of 53/100, 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 8.40 THB, about 18% below its 52-week high of 10.30 THB and 1% above the low of 8.35 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 14.41 THB is for.
Which stocks are comparable to PM Thoresen Asia Holdings PCL?
From the same area (Basic Materials) we also value Corteva, Inc, Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, 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 Sep 24, 2026: price 8.40 THB, calculated fair value 14.41 THB (+72%), Quality Score 53/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 14.41 THB, 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 13.0 % above its aggregate fair value. PM Thoresen Asia Holdings PCL currently trades 72 % 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 Sep 24, 2026 was 8.40 THB. Our model-based fair value is 14.41 THB, about +72% 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 (13.24 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 (53/100) 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 972M THB (≈ $29.1M). 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 0.25 (P/E × margin). 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 1.38 THB (price ÷ EPS = P/E 6.1). 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 8.3% (payout 50.7%). 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 4.1% (fiscal year 2025). 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 8.3% (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 3.1% (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 −7.8% 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 −45.8% 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.
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