Thaire Life Assurance Public Company (THREL) Fair Value & Analysis
Financial Services · TH · Market cap 620M THB
Fair value as of: Aug 13, 2026
From 6 valuation models · updated today
Fair value updated Aug 13, 2026, revised from 0.0600 THB to 1.98 THB (+3,200.0%) since Jul 17, 2026. Share price +1.0% over the past month.
Below-average quality, screening 98% undervalued on our models.
What matters now
- The price is below even our cautious bear case (1.65 THB). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (45/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 0.9800 THB – 5.48 THB · fair‑value band 1.65 THB – 2.31 THB · the 1.00 THB price screens below the 1.98 THB fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Thaire Life Assurance Public Company (THREL) currently trades at 1.00 THB, while our model-based Fair Value estimate is 1.98 THB, implying the stock looks roughly 98.0% undervalued today. The Quality Score stands at 45/100 (below-average 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: low), always confirm before acting.
Over the trailing twelve months, Thaire Life Assurance Public Company generated revenue of 2.4B THB at a net margin of -2.7%. Revenue declined 21.2% year over year. It earns a return on equity of -14.2%. The balance sheet holds a net cash position of 22.6M THB. Fundamentals as of Aug 13, 2026
Our scenario range runs from 1.65 THB (bear case) to 2.31 THB (bull case); at 1.00 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 25% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 53% fair-value upside, at 98%, THREL 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.
All 6 models by family
Widest divergence: Asset-Based (0.5400 THB) versus Multiples (0.0700 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 45
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
Thaire Life Assurance Public Company Limited provides life reinsurance services to various life insurance companies in Thailand. The company operates in two segments, Conventional Products and Non-Conventional Products.
Full company description
Thaire Life Assurance Public Company Limited provides life reinsurance services to various life insurance companies in Thailand. The company operates in two segments, Conventional Products and Non-Conventional Products. The company offers reinsurance capacity and consultancy; medical underwriting and claim management; research and analytics, marketing planning, product design and development, and new distribution channel development to medical underwriting consultant services; and technical training for medical and claim underwriting, actuarial and operational management, and big data analytics. Thaire Life Assurance Public Company Limited was founded in 2000 and is based in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Thaire Life Assurance Public Company reported revenue of 2.6B THB in FY2025 versus 2.8B THB in FY2021, a compound −1.8%/yr. Reported net income was −76.6M THB in FY2025.
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Peer Group
Insurance - Reinsurance · 29 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.
Valuation Multiples vs Insurance - Reinsurance median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Insurance - Reinsurance stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| 1MUV2 1MUV2 | €513.20 | €526.73 | +3% |
| Swiss Re AG SREN | CHF 137.20 | CHF 158.42 | +15% |
| Hannover Rück SE HNR1 | €250.00 | €216.20 | -14% |
| Reinsurance Group RGA | $246.08 | $261.04 | +6% |
| Everest Group EG | $363.67 | $507.47 | +40% |
| RenaissanceRe Holdings RNR | $317.45 | $563.91 | +78% |
| SCOR SE SDRC | €34.14 | €66.75 | +96% |
| General Insurance Corporation GICRE | ₹355.85 | ₹594.47 | +67% |
| China Reinsurance (Group) Corporation 1508 | HK$1.22 | HK$2.43 | +100% |
| Hamilton Insurance Group HG | $35.27 | $54.04 | +53% |
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Frequently asked questions
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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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