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Star Money Public Company (STARM) Fair Value & Analysis

Financial Services · TH · Market cap 1.0B THB

SM Star Money Public Company STARM · BK
Price0.9700 THB
Fair Value1.54 THB
Upside+58.8%
Quality64/100
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Mixed Growth
Thin margins · 6.1% net margin
Low debt · generates free cash flow
6.11% dividend yield
Ranks above peers (9/14)
Narrow moat 43/100
Evidence: High Range 1.16 THB – 1.93 THB Share as image

Fair value as of: Jul 17, 2026

From 10 valuation models · updated 24 days ago

A solid business, screening 59% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1.16 THB). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (4 years)

2.17 THB 0.7000 THB Fair Value 1.54 THB Dec 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

44‑month range 0.7000 THB – 2.17 THB · fair‑value band 1.16 THB – 1.93 THB · the 0.9700 THB price screens below the 1.54 THB fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Star Money Public Company (STARM) currently trades at 0.9700 THB, while our model-based Fair Value estimate is 1.54 THB, implying the stock looks roughly 58.8% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Financial Services 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, Star Money Public Company generated revenue of 1.5B THB at a net margin of 6.1%. Revenue declined 6.6% year over year. It earns a return on equity of 7.6%. Net debt stands at 1.3B THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 1.16 THB (bear case) to 1.93 THB (bull case); at 0.9700 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 about 4% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 59%, STARM 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
Growth DCF 3.29 THB 4.14 THB 5.44 THB 80
Residual Income 0.8300 THB 0.8600 THB 0.8500 THB 76
Rev-Margin DCF 1.83 THB 2.31 THB 2.94 THB 74
All 10 models by family
DCF Models
Owner Earnings 1.02 THB 1.30 THB 1.77 THB 31
5Y P/E Exit 1.94 THB 2.43 THB 3.01 THB 38
10Y P/E Exit 2.47 THB 2.93 THB 3.38 THB 35
Earnings-Based
Graham-Dodd 0.5200 THB 0.9200 THB 1.13 THB 54
Multiples
P/E Multiple 1.16 THB 1.54 THB 1.93 THB 63
P/B Multiple 0.9800 THB 1.31 THB 1.64 THB 55
Asset-Based
NCAV (Graham) 0.5500 THB 0.7300 THB 1.09 THB 50
Growth DCF
Growth DCF 3.29 THB 4.14 THB 5.44 THB 80
Rev-Margin DCF 1.83 THB 2.31 THB 2.94 THB 74
Economic Profit
Residual Income 0.8300 THB 0.8600 THB 0.8500 THB 76

Widest divergence: DCF Models (2.43 THB) versus Asset-Based (0.7300 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.5B THB
Revenue growth (YoY) -6.6%
Net margin 6.1%
Return on equity 7.6%
Free cash flow 418M THB FY2025
P/E ratio 12.3
More key figures
Operating margin 12.3%
EPS (TTM) 0.0800 THB
Dividend yield 3.1%
EPS growth (YoY) +29.8%
Net debt 1.3B THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 66 · Market factors (momentum, volatility) 65

Profitability 35
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 82
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

Star Money Public Company Limited engages in the distribution of electrical appliances in Thailand. The company operates in four segments: Sales, Hire Purchase, Lending Business, and Others. It distributes electrical appliances, such as televisions, refrigerators, washing machines, air-conditioners, freezers, and smartphones .

Full company description

Star Money Public Company Limited engages in the distribution of electrical appliances in Thailand. The company operates in four segments: Sales, Hire Purchase, Lending Business, and Others. It distributes electrical appliances, such as televisions, refrigerators, washing machines, air-conditioners, freezers, and smartphones . The company also provides car, motorcycle, agricultural vehicle, commercial vehicle loans; and car, fire, accident, health, and travel insurance brokerage services. Star Money Public Company Limited was founded in 1987 and is headquartered in Rayong, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Star Money Public Company reported revenue of 1.5B THB in FY2025 versus 1.2B THB in FY2021, a compound +5.0%/yr. Reported net income was 84.8M THB in FY2025, compounding −4.7%/yr from FY2021.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B THB
Latest YoY
−2.2%
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.
+2.7%
Revenue +5.0%/yr
FY21 1.2B THB
FY22 1.4B THB
FY23 1.3B THB
FY24 1.5B THB
FY25 1.5B THB
Net income −4.7%/yr
FY21 103M THB
FY22 81.1M THB
FY23 61.7M THB
FY24 50.6M THB
FY25 84.8M THB

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Cite: Fair Value Calculator (2026). "Star Money Public Company Fair Value". https://www.fairvalue-calculator.com/stock/STARM

Peer Group

Credit Services · 331 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 66 · Top 25%
Fair Value upside +59% · Above median
Return on equity (TTM) 8% · Below median
Return on assets 3% · Above median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 12% · Below median
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 6.1% · Top 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 11.9× · Pricier than median
P/B 0.87× · Cheaper than median
P/S (TTM) 0.71× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 6.3× · 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 100 · sector 37
FUTURE 0 · sector 39
PAST 30 · sector 32
HEALTH 99 · sector 58
DIVIDEND 100 · sector 51

Insider activity: 30/100

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.

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Star Money Public Company (STARM) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 1.54 THB versus a price of 0.9700 THB, about +59% (undervalued).
What is the fair value of STARM?
Our model-based fair value for Star Money Public Company is 1.54 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.9700 THB.
What is the quality score of STARM?
Star Money Public Company has a Quality Score of 64/100. 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 Star Money Public Company (STARM)?
Star Money Public Company reported trailing-twelve-month revenue of about 1.5B THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of STARM?
The net profit margin of Star Money Public Company is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.
Does Star Money Public Company pay a dividend?
Star Money Public Company currently shows a dividend yield of about 3.06% relative to its recent price (as of Jul 17, 2026).

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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