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Rabbit Holdings (RABBIT) Fair Value & Analysis

Industrials · TH · Market cap 2.8B THB

RH Rabbit Holdings RABBIT · BK
Price0.3600 THB
Fair Value0.4761 THB
Upside+32.3%
Quality41/100
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Expensive Growth
Highly profitable · 27.1% net margin
Low debt · negative free cash flow
Ranks above peers (8/13)
Moderate moat 57/100
Evidence: High Range 0.3583 THB – 0.5964 THB Share as image

Fair value as of: Jul 18, 2026

From 7 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 0.4745 THB to 0.4761 THB (+0.3%) since Jun 26, 2026. Share price +2.9% over the past month.

Below-average quality, screening 32% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • Our model range runs from 0.3583 THB (bear) to 0.5964 THB (bull), base 0.4761 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

2.28 THB 0.2500 THB Fair Value 0.4761 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 0.2500 THB – 2.28 THB · fair‑value band 0.3583 THB – 0.5964 THB · the 0.3600 THB price screens below the 0.4761 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

Rabbit Holdings (RABBIT) currently trades at 0.3600 THB, while our model-based Fair Value estimate is 0.4761 THB, implying the stock looks roughly 32.3% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials 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, Rabbit Holdings generated revenue of 4.7B THB at a net margin of 21.6%. Revenue declined 6.3% year over year. It earns a return on equity of 3.4%. Net debt stands at 14.1B THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.3583 THB (bear case) to 0.5964 THB (bull case); at 0.3600 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 12% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 32%, RABBIT 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
P/E Multiple 2.03 THB 2.71 THB 3.38 THB 63
Residual Income 3.02 THB 2.92 THB 2.45 THB 61
P/B Multiple 1.73 THB 2.30 THB 2.88 THB 55
All 7 models by family
DCF Models
Owner Earnings 1.14 THB 3.50 THB 8.26 THB 31
Earnings-Based
Graham-Dodd 0.9200 THB 6.42 THB 9.00 THB 54
Lynch FV 2.40 THB 3.43 THB 4.46 THB 50
Multiples
P/E Multiple 2.03 THB 2.71 THB 3.38 THB 63
P/B Multiple 1.73 THB 2.30 THB 2.88 THB 55
Asset-Based
NCAV (Graham) 2.10 THB 2.82 THB 4.21 THB 50
Economic Profit
Residual Income 3.02 THB 2.92 THB 2.45 THB 61

Widest divergence: DCF Models (3.50 THB) versus Multiples (2.30 THB). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) 5.0B THB
Revenue growth (YoY) +27.2%
Net margin 27.1%
Return on equity 4.5%
Free cash flow −909M THB FY2025
P/E ratio 2.1
More key figures
Operating margin 28.4%
EPS (TTM) 0.1800 THB
EPS growth (YoY) +348%
Net debt 14.1B THB FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 36 · Market factors (momentum, volatility) 57

Profitability 26
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 40
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

Rabbit Holdings Public Company Limited, together with its subsidiaries, engages in real estate development and financial service business in Thailand and internationally. It operates through Financial Services and Real Estate business segments. The company engages in hotel business, rental properties, residential properties, and other property businesses.

Full company description

Rabbit Holdings Public Company Limited, together with its subsidiaries, engages in real estate development and financial service business in Thailand and internationally. It operates through Financial Services and Real Estate business segments. The company engages in hotel business, rental properties, residential properties, and other property businesses. It also involved in the property development; insurance business, which offers life insurance products covering personal accidents; and financial investment business, as well as provides savings, health, investment, and post-retirement annuity insurance. In addition, the company provides consulting, hotel management, and asset management services. The company was formerly known as U City Public Company Limited and changed its name to Rabbit Holdings Public Company Limited in December 2022. Rabbit Holdings Public Company Limited was founded in 1988 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rabbit Holdings reported revenue of 5.9B THB in FY2025 versus 2.7B THB in FY2021, a compound +21.0%/yr. Reported net income was 1.0B THB in FY2025, compounding +84.1%/yr from FY2021.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.9B THB
Latest YoY
+19.0%
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.
+2.5%
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.
+10.4%
Avg. growth/yr (22Y) 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.
+9.3%
Revenue +21.0%/yr
FY21 2.7B THB
FY22 5.5B THB
FY23 4.0B THB
FY24 4.9B THB
FY25 5.9B THB
Net income +84.1%/yr
FY21 88.2M THB
FY22 1.2B THB
FY23 −4.4B THB
FY24 −904M THB
FY25 1.0B THB

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Cite: Fair Value Calculator (2026). "Rabbit Holdings Fair Value". https://www.fairvalue-calculator.com/stock/RABBIT

Peer Group

Conglomerates · 369 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 41 · Bottom 25%
Fair Value upside +33% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 0% · Below median
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 27% · Top 25%
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 2.1× · Cheaper than 75% of peers
P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.57× · Cheaper than median
EV/EBITDA 7.8× · Pricier than median
PEG 0.28× · 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 78 · sector 20
FUTURE 100 · sector 16
PAST 18 · sector 20
HEALTH 87 · sector 88
DIVIDEND 0 · sector 39

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.

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Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
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Frequently asked questions

Is Rabbit Holdings (RABBIT) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.4761 THB versus a price of 0.3600 THB, about +32% (undervalued).
What is the fair value of RABBIT?
Our model-based fair value for Rabbit Holdings is 0.4761 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.3600 THB.
What is the quality score of RABBIT?
Rabbit Holdings has a Quality Score of 41/100. 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 Rabbit Holdings (RABBIT)?
Rabbit Holdings reported trailing-twelve-month revenue of about 4.7B THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of RABBIT?
The net profit margin of Rabbit Holdings is about 21.6%, meaning it keeps roughly 21.6% 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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