S Prime Growth Leasehold Real Estate Investment Trust (SPRIME) Fair Value & Analysis
Real Estate · TH · Market cap 1.8B THB
Fair value as of: Jul 14, 2026
From 12 valuation models · updated 27 days ago
Share price +5.3% over the past month.
A solid business, screening 89% undervalued on our models.
What matters now
- The price is below even our cautious bear case (7.26 THB). The market is more pessimistic than our downside scenario.
- Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
- The models converge in a tight band (7.26 THB to 8.23 THB), unusually little disagreement for a valuation.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range 2.71 THB – 4.98 THB · fair‑value band 7.26 THB – 8.23 THB · the 4.36 THB price screens below the 8.23 THB fair value. Dashed = 300-day average. As of Jul 14, 2026.
Analysis
S Prime Growth Leasehold Real Estate Investment Trust (SPRIME) currently trades at 4.36 THB, while our model-based Fair Value estimate is 8.23 THB, implying the stock looks roughly 88.8% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Real Estate 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, S Prime Growth Leasehold Real Estate Investment Trust generated revenue of 473M THB at a net margin of 57.0%. Revenue grew 12.8% year over year. It earns a return on equity of 5.8%. Net debt stands at 1.3B THB. Fundamentals as of Jul 14, 2026
Our scenario range runs from 7.26 THB (bear case) to 8.23 THB (bull case); at 4.36 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 near its 52-week high and 63% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at 89%, SPRIME 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.
All 12 models by family
Widest divergence: Economic Profit (7.81 THB) versus Dividend Discount (3.56 THB). Highest evidence: Growth DCF (80).
Notify me when SPRIME reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 90
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
S Prime Growth Leasehold Real Estate Investment Trust operates as a real estate investment trust in Thailand. It invests in office buildings. The company qualifies as a real estate investment trust for federal income tax purposes.
Full company description
S Prime Growth Leasehold Real Estate Investment Trust operates as a real estate investment trust in Thailand. It invests in office buildings. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. S Prime Growth Leasehold Real Estate Investment Trust is based in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
S Prime Growth Leasehold Real Estate Investment Trust reported revenue of 459M THB in FY2025 versus 484M THB in FY2021, a compound −1.3%/yr. Reported net income was 254M THB in FY2025, compounding −12.9%/yr from FY2021.
Watch SPRIME: get an alert when its fair value changes →
Peer Group
REIT - Diversified · 165 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.
Valuation Multiples vs REIT - Diversified median · lower = cheaper
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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Goodman Group GMG | A$29.11 | A$7.37 | -75% |
| VICI Properties Inc VICI | $26.73 | $41.74 | +56% |
| W. P. Carey Inc WPC | $76.69 | $35.59 | -54% |
| Charter Hall Group CHC | A$21.90 | A$11.46 | -48% |
| Fibra Uno FUNO11 | 31.10 MXN | 63.56 MXN | +104% |
| COV COV | €52.55 | €62.39 | +19% |
| The GPT Group GPT | A$4.89 | A$3.49 | -29% |
| Mirvac Group MGR | A$1.70 | A$0.5700 | -66% |
| KLCC Property Holdings 5235SS | 8.85 MYR | 6.91 MYR | -22% |
| CRRUN CRRUN | C$17.65 | C$17.89 | +1% |
Compare S Prime Growth Leasehold Real Estate Investment Trust with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is S Prime Growth Leasehold Real Estate Investment Trust (SPRIME) overvalued or undervalued?
What is the fair value of SPRIME?
What is the quality score of SPRIME?
What is the revenue of S Prime Growth Leasehold Real Estate Investment Trust (SPRIME)?
What is the net profit margin of SPRIME?
Does S Prime Growth Leasehold Real Estate Investment Trust pay a dividend?
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.
Track S Prime Growth Leasehold Real Estate Investment Trust and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.