Sub Sri Thai Real Estate Investment Trust (SSTRT) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sub Sri Thai Real Estate Investment Trust THB 11.40, price THB 4.62, upside +146.8%, quality 74 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 3.18 THB – 4.66 THB · fair‑value band 7.36 THB – 20.59 THB · the 4.62 THB price screens below the 11.40 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Sub Sri Thai Real Estate Investment Trust is a real estate investment trust externally managed by SST REIT Management Company Limited.
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Sub Sri Thai Real Estate Investment Trust is a real estate investment trust externally managed by SST REIT Management Company Limited. The firm policy is to invest in main assets that are immovable property or lease rights of immovable property (including sub-lease right to of immovable property) and assets that are the fixtures or accessories of such immovable property, including constructions and other assets that are the fixtures of the land and buildings, instruments, accessories, working systems in the building and other asset released, connected and necessary for exploration of such immovable property. Sub Sri Thai Real Estate Investment Trust was formed on December 13, 2017 and is based in Bangkok, Thailand.
Stock analysis
Sub Sri Thai Real Estate Investment Trust (SSTRT) currently trades at 4.62 THB, while our model-based Fair Value estimate is 11.40 THB, implying the stock looks roughly 59.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 16.76 THB per share, and 13 of the 15 models we run sit above the 4.62 THB price.
Bear case: the Asset-Based group reads lowest at 5.22 THB, and 2 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 7.36 THB (bear) to 20.59 THB (bull), the price of 4.62 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 74/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sub Sri Thai Real Estate Investment Trust reported revenue of 136M THB in FY2025 versus 118M THB in FY2021, a compound +3.6%/yr. Reported net income was 98.3M THB in FY2025, compounding +4.5%/yr from FY2021.
Key figures
Market cap 883M THB (≈ $26.4M) · P/E ratio 7.6 · P/S ratio 5.50 · EPS (TTM) 0.6100 THB · Dividend yield 8.7% · Net margin 72.3% · Return on equity 7.4% · Return on assets (EBIT) 6.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 1% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 147%, SSTRT screens cheaper than that median.
Fair Value models
Bear 7.36 THBFair Value 11.40 THBBull 20.59 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 (0.1542 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.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.3%
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.
+4.8%
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.
+2.8%
Start year 2020 (pandemic). Over 10 years: +7.6% a year
Revenue growth 11 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.
+16.1%
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What shareholders gained per year (last 5 years), in THB ⓘ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. 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.
+8.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.1%
Dividend (yield on the price)8.7%
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.0% vs −3%, picking up
Profit margin 2017 to 2022 ⓘ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.75% → 82%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.2%/yr over ~9Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −4.1% a year for the price.
Compare Sub Sri Thai Real Estate Investment Trust with another stock
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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.REIT - Industrial · 55 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+147% · Top 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets4% · Top 25%
Net margin (TTM)85% · Top 25%
Operating margin (TTM)90% · Top 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)8.7% · Top 25%
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs REIT - Industrial median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sub Sri Thai Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/SSTRT
Frequently asked questions
Is Sub Sri Thai Real Estate Investment Trust (SSTRT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.40 THB versus a price of 4.62 THB, about +147% upside (undervalued).
What is the fair value of SSTRT?
Our model-based fair value for Sub Sri Thai Real Estate Investment Trust is 11.40 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 4.62 THB.
What is the quality score of SSTRT?
Sub Sri Thai Real Estate Investment Trust has a Quality Score of 74/100. 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 Sub Sri Thai Real Estate Investment Trust (SSTRT)?
Our model-based price target is the fair value of 11.40 THB (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 7.36 THB, optimistic scenario 20.59 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Sub Sri Thai Real Estate Investment Trust stock forecast for 2026?
Our models put fair value at 11.40 THB, about +147% upside versus a price of 4.62 THB (undervalued). Cautious scenario 7.36 THB, optimistic scenario 20.59 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Sub Sri Thai Real Estate Investment Trust (SSTRT)?
Sub Sri Thai Real Estate Investment Trust reported trailing-twelve-month revenue of about 136M THB (latest available figure, as of Sep 24, 2026).
Does Sub Sri Thai Real Estate Investment Trust pay a dividend?
Sub Sri Thai Real Estate Investment Trust currently shows a dividend yield of about 8.66% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Sub Sri Thai Real Estate Investment Trust (SSTRT)?
For today's price to be fair in a discounted-cash-flow model, Sub Sri Thai Real Estate Investment Trust would have to grow free cash flow by -3.0 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SSTRT use?
Our models discount Sub Sri Thai Real Estate Investment Trust at 11.6 %: a base by market capitalisation (nano), country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sub Sri Thai Real Estate Investment Trust that is -3.0 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Sub Sri Thai Real Estate Investment Trust (SSTRT) delivered so far?
Over the past 5 years revenue at Sub Sri Thai Real Estate Investment Trust grew +2.8 % a year. The price currently implies -3.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sub Sri Thai Real Estate Investment Trust (SSTRT) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Sub Sri Thai Real Estate Investment Trust (-3.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sub Sri Thai Real Estate Investment Trust (SSTRT)?
The free-cash-flow yield on the price is 13.29 %: that much free cash flow Sub Sri Thai Real Estate Investment Trust produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sub Sri Thai Real Estate Investment Trust (SSTRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sub Sri Thai Real Estate Investment Trust it is 11.40 THB per share (as of Sep 24, 2026), against a price of 4.62 THB. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Sub Sri Thai Real Estate Investment Trust stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SSTRT trades below its calculated fair value: price 4.62 THB, fair value 11.40 THB, a gap of about +147% (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 SSTRT?
No. The price is what the market pays today (4.62 THB); the fair value is what the company's own numbers justify (11.40 THB). For Sub Sri Thai Real Estate Investment Trust the two are 6.78 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Sub Sri Thai Real Estate Investment Trust worth?
The market values Sub Sri Thai Real Estate Investment Trust at about 883M THB (market capitalisation, as of Sep 24, 2026). Per share that is 4.62 THB; our models calculate a fair value of 11.40 THB per share.
What do the bullish and bearish scenarios say about SSTRT?
Our models span a range for Sub Sri Thai Real Estate Investment Trust: cautious scenario 7.36 THB, base 11.40 THB, optimistic 20.59 THB per share (as of Sep 24, 2026, price 4.62 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SSTRT?
Sub Sri Thai Real Estate Investment Trust trades at a price-to-earnings ratio of 7.6 (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 11.40 THB is built from several models across several years. Other multiples: P/B 0.6, P/S 6.5, EV/EBITDA 8.9.
How solid is the balance sheet of Sub Sri Thai Real Estate Investment Trust (SSTRT)?
Balance-sheet figures for Sub Sri Thai Real Estate Investment Trust (as of Sep 24, 2026): return on equity 7.4%, debt of 0.04 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is SSTRT from its 52-week high?
Sub Sri Thai Real Estate Investment Trust trades at 4.62 THB, about 1% below its 52-week high of 4.66 THB and 21% above the low of 3.81 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 11.40 THB is for.
Which stocks are comparable to Sub Sri Thai Real Estate Investment Trust?
From the same area (Real Estate) we also value Public Storage, a member of the S&P 500,, Prologis, Inc, Extra Space Storage Inc, EastGroup Properties, Inc, 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 Sub Sri Thai Real Estate Investment Trust stock attractive at the current price?
The data as of Sep 24, 2026: price 4.62 THB, calculated fair value 11.40 THB (+147%), Quality Score 74/100, 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 SSTRT calculated?
We run Sub Sri Thai Real Estate Investment Trust 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 11.40 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 14.0 % above its aggregate fair value. Sub Sri Thai Real Estate Investment Trust currently trades 147 % 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 Sub Sri Thai Real Estate Investment Trust (SSTRT)?
The closing price on Sep 24, 2026 was 4.62 THB. Our model-based fair value is 11.40 THB, about +147% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sub Sri Thai Real Estate Investment Trust right now?
The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (7.36 THB). The market is more pessimistic than our downside scenario. The model range is unusually wide (7.36 THB to 20.59 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Sub Sri Thai Real Estate Investment Trust
How large is the market capitalisation of Sub Sri Thai Real Estate Investment Trust (SSTRT)?
The market capitalisation of Sub Sri Thai Real Estate Investment Trust is 883M THB (≈ $26.4M). 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 Sub Sri Thai Real Estate Investment Trust (SSTRT)?
The price-to-sales ratio of Sub Sri Thai Real Estate Investment Trust is 5.50 (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 Sub Sri Thai Real Estate Investment Trust (SSTRT)?
Earnings per share at Sub Sri Thai Real Estate Investment Trust are 0.6100 THB (price ÷ EPS = P/E 7.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sub Sri Thai Real Estate Investment Trust (SSTRT)?
The dividend yield of Sub Sri Thai Real Estate Investment Trust is 8.7% (payout 65.6%). 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 Sub Sri Thai Real Estate Investment Trust (SSTRT)?
The net margin of Sub Sri Thai Real Estate Investment Trust is 72.3% (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 Sub Sri Thai Real Estate Investment Trust (SSTRT)?
The return on equity (ROE) of Sub Sri Thai Real Estate Investment Trust is 7.4% (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 Sub Sri Thai Real Estate Investment Trust (SSTRT)?
On an EBIT basis the return on assets of Sub Sri Thai Real Estate Investment Trust is 6.7% (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 Sub Sri Thai Real Estate Investment Trust (SSTRT)?
The operating margin of Sub Sri Thai Real Estate Investment Trust is 89.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at Sub Sri Thai Real Estate Investment Trust (SSTRT)?
Earnings per share at Sub Sri Thai Real Estate Investment Trust are growing +170% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sub Sri Thai Real Estate Investment Trust (SSTRT) carry?
The net debt of Sub Sri Thai Real Estate Investment Trust is 79.6M THB (fiscal year 2025, ≈ 0.7 yrs of FCF). 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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