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Tong Hua Holding (TH) Fair Value & Analysis

Financial Services · TH · Market cap 464M THB

TH Tong Hua Holding TH · BK
Price0.4600 THB
Fair Value0.9200 THB
Upside+100.0%
Quality94/100
Evidence: High Range 0.6900 THB – 1.15 THB

Fair value as of: Jun 26, 2026

From 17 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from 0.9000 THB to 0.9200 THB (+2.2%) since Jun 25, 2026.

Price vs Fair Value (12 months)

0.6300 THB 0.4200 THB Fair Value 0.9200 THB Jun 2025 Jun 2026

12‑month range 0.4200 THB – 0.6300 THB · fair‑value band 0.6900 THB – 1.15 THB · the 0.4600 THB price screens below the 0.9200 THB fair value. As of Jun 26, 2026.

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Analysis

Tong Hua Holding (TH) currently trades at 0.4600 THB, while our model-based Fair Value estimate is 0.9200 THB — implying the stock looks roughly 100.0% undervalued today. We read business quality at 94/100 (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: high) — always confirm before acting.

Over the trailing twelve months, Tong Hua Holding generated revenue of 242M THB at a net margin of 9.4%. Revenue declined 41.4% year over year. It earns a return on equity of 1.4%. The balance sheet holds a net cash position of 2.6M THB. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 242M THB
Revenue growth (YoY) -41.4%
Net margin 9.4%
Return on equity 1.4%
Free cash flow 3.7M THB FY2025
P/E ratio 23.5
More key figures
Operating margin 53.2%
EPS (TTM) 0.0200 THB
EPS growth (YoY) -56.9%
Net cash 2.6M THB FY2025

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

About the company

Tong Hua Holding Public Company Limited, through its subsidiaries, engages in the asset management business in Thailand. The company provides publishing and printing services, short-term funds in the form of factoring, loans, and leasing services. It also produces and distributes newspapers; rents property; and engages in the investment business. In addition, the company provides debt collection services; manages non-performing assets from purchases; transfers secured and non-secured non-performing assets from the financial institutions and credit facility companies; rents space to sell goods and services; provides advertising services in newspapers; and undertakes contract printing works. Tong Hua Holding Public Company Limited was incorporated in 1960 and is based in Bangkok, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tong Hua Holding reported revenue of 15.1M THB in FY2025 versus 124M THB in FY2021, a compound −41.0%/yr. Reported net income was 56.9M THB in FY2025, compounding −12.3%/yr from FY2021.

Revenue −41.0%/yr
FY21 124M THB
FY22 417M THB
FY23 172M THB
FY24 274M THB
FY25 15.1M THB
Net income −12.3%/yr
FY21 96.1M THB
FY22 175M THB
FY23 64.2M THB
FY24 148M THB
FY25 56.9M THB

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6 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

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Bajaj Finserv Ltd BAJAJFINSV ₹1,664 ₹797.07 -52%
Yuanta Financial Holding 2885 65.30 TWD 129.91 TWD +99%
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Frequently asked questions

Is Tong Hua Holding (TH) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 0.9200 THB versus a price of 0.4600 THB — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TH?
Our 21-model fair value for Tong Hua Holding is 0.9200 THB (as of Jun 26, 2026), built from audited fundamentals. The current price is 0.4600 THB.
What is the quality score of TH?
Tong Hua Holding has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tong Hua Holding (TH)?
Tong Hua Holding reported trailing-twelve-month revenue of about 242M THB (latest available figure, as of Jun 26, 2026).
What is the net profit margin of TH?
The net profit margin of Tong Hua Holding is about 9.4%, meaning it keeps roughly 9.4% 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.