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Thachang Green Energy Public Company (TGE) Fair Value & Analysis

Utilities · TH · Market cap 2.7B THB

TG Thachang Green Energy Public Company TGE · BK
Price1.05 THB
Fair Value1.41 THB
Upside+34.3%
Quality95/100
Evidence: High Range 1.03 THB – 1.82 THB

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 2.43 THB to 1.41 THB (−42.0%) since Jun 23, 2026. Share price −5.5% over the past month.

Price vs Fair Value (12 months)

1.54 THB 1.05 THB Fair Value 1.41 THB Jun 2025 Jun 2026

12‑month range 1.05 THB – 1.54 THB · fair‑value band 1.03 THB – 1.82 THB · the 1.05 THB price screens below the 1.41 THB fair value. As of Jun 24, 2026.

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Analysis

Thachang Green Energy Public Company (TGE) currently trades at 1.05 THB, while our model-based Fair Value estimate is 1.41 THB — implying the stock looks roughly 34.3% undervalued today. We read business quality at 95/100 (high quality), in the Utilities 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, Thachang Green Energy Public Company generated revenue of 1.2B THB at a net margin of 19.2%. Revenue declined 0.7% year over year. It earns a return on equity of 7.7%. Net debt stands at 642M THB. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 1.2B THB
Revenue growth (YoY) -0.7%
Net margin 19.2%
Return on equity 7.7%
Free cash flow 164M THB FY2025
P/E ratio 11.8
More key figures
Operating margin 21.7%
EPS (TTM) 0.0900 THB
EPS growth (YoY) +0.6%
Net debt 642M THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Thachang Green Energy Public Company Limited engages in the renewable energy business in Thailand. It operates through two segments, Biomass Power Plant Business and Waste Power Plant Business. The company generates and supplies electricity and steam from biomass. It also offers waste management and construction services. Thachang Green Energy Public Company Limited was founded in 2011 and is headquartered in Surat Thani, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thachang Green Energy Public Company reported revenue of 1.2B THB in FY2025 versus 781M THB in FY2021, a compound +11.9%/yr. Reported net income was 232M THB in FY2025, compounding +3.5%/yr from FY2021.

Revenue +11.9%/yr
FY21 781M THB
FY22 938M THB
FY23 911M THB
FY24 1.0B THB
FY25 1.2B THB
Net income +3.5%/yr
FY21 202M THB
FY22 216M THB
FY23 240M THB
FY24 251M THB
FY25 232M THB

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Similar stocks

6 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥26.94 ¥25.13 -7%
Ørsted A/S, D2G €20.37 €50.93 +150%
Huaneng Lancang River Hydropower Inc 600025 ¥9.58 ¥4.64 -52%
Adani Green Energy Limited ADANIGREEN ₹1,526 ₹139.34 -91%
AXIA Energia SA AXIAP $10.74 $9.77 -9%
VERBUND AG OEWA €58.65 €82.41 +41%

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Frequently asked questions

Is Thachang Green Energy Public Company (TGE) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 1.41 THB versus a price of 1.05 THB — about +34% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TGE?
Our 21-model fair value for Thachang Green Energy Public Company is 1.41 THB (as of Jun 24, 2026), built from audited fundamentals. The current price is 1.05 THB.
What is the quality score of TGE?
Thachang Green Energy Public Company has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Thachang Green Energy Public Company (TGE)?
Thachang Green Energy Public Company reported trailing-twelve-month revenue of about 1.2B THB (latest available figure, as of Jun 24, 2026).
What is the net profit margin of TGE?
The net profit margin of Thachang Green Energy Public Company is about 19.2%, meaning it keeps roughly 19.2% 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.

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