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Thanachart Capital Public Company (TCAP) Fair Value & Analysis

Financial Services · TH · Market cap 63.2B THB

TC Thanachart Capital Public Company TCAP · BK
Price64.75 THB
Fair Value72.99 THB
Upside+12.7%
Quality90/100
Evidence: Medium Range 50.26 THB – 113.47 THB

Fair value as of: Jun 26, 2026

From 24 valuation models · updated 3 days ago

Share price +10.9% over the past month.

Price vs Fair Value (12 months)

64.75 THB 40.72 THB Fair Value 72.99 THB Jun 2025 Jun 2026

12‑month range 40.72 THB – 64.75 THB · fair‑value band 50.26 THB – 113.47 THB · the 64.75 THB price screens below the 72.99 THB fair value. As of Jun 26, 2026.

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Analysis

Thanachart Capital Public Company (TCAP) currently trades at 64.75 THB, while our model-based Fair Value estimate is 72.99 THB — implying the stock looks roughly 12.7% undervalued today. We read business quality at 90/100 (high 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: medium) — always confirm before acting.

Over the trailing twelve months, Thanachart Capital Public Company generated revenue of 11.0B THB at a net margin of 74.3%. Revenue grew 25.8% year over year. It earns a return on equity of 10.2%. Net debt stands at 41.3B THB. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 11.0B THB
Revenue growth (YoY) +25.8%
Net margin 74.3%
Return on equity 10.2%
Free cash flow 6.1B THB FY2025
P/E ratio 7.8
More key figures
Operating margin 86.9%
EPS (TTM) 7.77 THB
Dividend yield 5.8%
EPS growth (YoY) +24.1%
Net debt 41.3B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Thanachart Capital Public Company Limited, an investment holding company, offers various financial services in Thailand. It operates through The Company, Assets Management Business, Securities Business, Life Insurance Business, Non-Life Insurance Business, Asset Management Business, Hire Purchase and Leasing Business, and Other Businesses segments. The company engages in distressed asset management, commercial banking, non-performing asset management, securities brokerage, and investment businesses. It also provides asset-based financing comprising term loan and working capital; provision of life, personal accident, and health insurance products, as well as mortgage reducing term assurance for protection of individuals who are property loan borrowers. In addition, the company offers non-life insurance products in the areas of fire, automobile, marine and transportation, and miscellaneous; life and health protection insurance products to individuals, institutions, and organizations; …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thanachart Capital Public Company reported revenue of 18.7B THB in FY2025 versus 16.3B THB in FY2021, a compound +3.5%/yr. Reported net income was 7.7B THB in FY2025, compounding +10.0%/yr from FY2021.

Revenue +3.5%/yr
FY21 16.3B THB
FY22 15.7B THB
FY23 17.5B THB
FY24 17.9B THB
FY25 18.7B THB
Net income +10.0%/yr
FY21 5.3B THB
FY22 5.2B THB
FY23 6.6B THB
FY24 6.6B THB
FY25 7.7B THB

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Frequently asked questions

Is Thanachart Capital Public Company (TCAP) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 72.99 THB versus a price of 64.75 THB — about +13% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TCAP?
Our 21-model fair value for Thanachart Capital Public Company is 72.99 THB (as of Jun 26, 2026), built from audited fundamentals. The current price is 64.75 THB.
What is the quality score of TCAP?
Thanachart Capital Public Company has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Thanachart Capital Public Company (TCAP)?
Thanachart Capital Public Company reported trailing-twelve-month revenue of about 11.0B THB (latest available figure, as of Jun 26, 2026).
What is the net profit margin of TCAP?
The net profit margin of Thanachart Capital Public Company is about 74.3%, meaning it keeps roughly 74.3% of revenue as net income. Based on the latest reported figures.
Does Thanachart Capital Public Company pay a dividend?
Thanachart Capital Public Company currently shows a dividend yield of about 5.83% relative to its recent price (as of Jun 26, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.