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TPC Power Holding (TPCH) Fair Value & Analysis

Utilities · TH · Market cap 558M THB

TP TPC Power Holding TPCH · BK
Price1.50 THB
Fair Value1.08 THB
Upside-28.2%
Quality43/100
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Evidence: Medium Range 0.5759 THB – 1.58 THB

Fair value as of: Jul 19, 2026

From 15 valuation models · updated today

Fair value updated Jul 19, 2026, revised from 10.36 THB to 1.08 THB (−89.6%) since Jun 24, 2026. Share price +7.9% over the past month.

Price vs Fair Value (12 months)

3.02 THB 1.05 THB Fair Value 1.08 THB Jun 2025 Jul 2026

12‑month range 1.05 THB – 3.02 THB · fair‑value band 0.5759 THB – 1.58 THB · the 1.50 THB price screens above the 1.08 THB fair value. As of Jul 19, 2026.

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Analysis

TPC Power Holding (TPCH) currently trades at 1.50 THB, while our model-based Fair Value estimate is 1.08 THB, implying the stock looks roughly 28.2% overvalued today. We read business quality at 43/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, TPC Power Holding generated revenue of 2.2B THB at a net margin of -14.2%. Revenue declined 6.2% year over year. It earns a return on equity of -5.8%. Net debt stands at 3.1B THB. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.5759 THB (bear case) to 1.58 THB (bull case); at 1.50 THB, the current price sits within that range. The share trades about 52% below its 52-week high and 44% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -23% fair-value upside, at -28%, TPCH screens richer than that median.

Key figures & financial health

Revenue (TTM) 2.2B THB
Revenue growth (YoY) -6.2%
Net margin -14.2%
Return on equity -5.8%
Free cash flow 612M THB FY2025
Operating margin 4.3%
More key figures
EPS (TTM) -0.7800 THB
EPS growth (YoY) -63.3%
Net debt 3.1B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 19, 2026. TTM = trailing twelve months.

About the company

TPC Power Holding Public Company Limited, together with its subsidiaries, generates and distributes electricity in Thailand. It produces electricity from biomass, hydro, solar, wind, waste, and biogas power plants. TPC Power Holding Public Company Limited was incorporated in 2012 and is based in Bangkok, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TPC Power Holding reported revenue of 2.2B THB in FY2025 versus 2.5B THB in FY2021, a compound −2.4%/yr. Reported net income was −192M THB in FY2025.

Revenue −2.4%/yr
FY21 2.5B THB
FY22 2.6B THB
FY23 2.9B THB
FY24 2.4B THB
FY25 2.2B THB
Net income
FY21 287M THB
FY22 293M THB
FY23 288M THB
FY24 234M THB
FY25 −192M THB

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Cite: Fair Value Calculator (2026). "TPC Power Holding Fair Value". https://www.fairvalue-calculator.com/stock/TPCH

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BEPUN BEPUN C$50.26 C$27.28 -46%
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Fortum Oyj FOJCF $22.79 $15.78 -31%
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Frequently asked questions

Is TPC Power Holding (TPCH) undervalued?
As of Jul 19, 2026, our model estimates a fair value of 1.08 THB versus a price of 1.50 THB, about −28% (overvalued). Model-based estimate, not financial advice.
What is the fair value of TPCH?
Our model-based fair value for TPC Power Holding is 1.08 THB (as of Jul 19, 2026), built from audited fundamentals. The current price is 1.50 THB.
What is the quality score of TPCH?
TPC Power Holding has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of TPC Power Holding (TPCH)?
TPC Power Holding reported trailing-twelve-month revenue of about 2.2B THB (latest available figure, as of Jul 19, 2026).
What is the net profit margin of TPCH?
The net profit margin of TPC Power Holding is about -14.2%, meaning it is currently running at a net loss. 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.

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