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TQR Public Company (TQR) Fair Value & Analysis

Financial Services · TH · Market cap 1.3B THB

TP TQR Public Company TQR · BK
Price6.10 THB
Fair Value5.72 THB
Upside-6.2%
Quality80/100
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Healthy Growth
Highly profitable · 37.0% net margin
generates free cash flow
7.08% dividend yield
Ranks above peers (8/13)
Wide moat 81/100
Evidence: High Range 4.29 THB – 7.14 THB Share as image

Fair value as of: Jul 16, 2026

From 6 valuation models · updated 25 days ago

Share price +8.0% over the past month.

A strong business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

18.39 THB 4.24 THB Fair Value 5.72 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 4.24 THB – 18.39 THB · fair‑value band 4.29 THB – 7.14 THB · the 6.10 THB price screens above the 5.72 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

TQR Public Company (TQR) currently trades at 6.10 THB, while our model-based Fair Value estimate is 5.72 THB, implying the stock looks roughly 6.2% fairly valued today. The Quality Score stands at 80/100 (high quality), in the Financial Services 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: high).

Over the trailing twelve months, TQR Public Company generated revenue of 283M THB at a net margin of 36.8%. Revenue grew 5.0% year over year. It earns a return on equity of 18.9%. The balance sheet holds a net cash position of 117M THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 4.29 THB (bear case) to 7.14 THB (bull case); at 6.10 THB, the current price sits within 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 near its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 96% fair-value upside, at -6%, TQR screens richer 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income 2.44 THB 2.98 THB 5.66 THB 76
Gordon GGM 3.04 THB 5.47 THB 7.54 THB 70
P/E Multiple 4.29 THB 5.72 THB 7.14 THB 63
All 6 models by family
Dividend Discount
Gordon GGM 3.04 THB 5.47 THB 7.54 THB 70
DDM Multi-Stage 3.04 THB 4.99 THB 5.85 THB 61
Multiples
P/E Multiple 4.29 THB 5.72 THB 7.14 THB 63
P/B Multiple 2.39 THB 3.19 THB 3.98 THB 55
Asset-Based
NCAV (Graham) 1.14 THB 1.52 THB 2.28 THB 50
Economic Profit
Residual Income 2.44 THB 2.98 THB 5.66 THB 76

Widest divergence: Dividend Discount (4.99 THB) versus Asset-Based (1.52 THB). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 282M THB
Revenue growth (YoY) +3.1%
Net margin 37.0%
Return on equity 18.9%
Free cash flow 111M THB FY2025
P/E ratio 12.6
More key figures
Operating margin 54.4%
EPS (TTM) 0.4500 THB
Dividend yield 7.1%
EPS growth (YoY) +9.0%
Net cash 117M THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 80/100

Of which business quality 78 · Market factors (momentum, volatility) 76

Profitability 73
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

TQR Public Company Limited operates as a reinsurance broker in Thailand and internationally. It operates through three segments: Traditional Business, Alternatives Business, and Other Business.

Full company description

TQR Public Company Limited operates as a reinsurance broker in Thailand and internationally. It operates through three segments: Traditional Business, Alternatives Business, and Other Business. The company offers treaty and facultative reinsurance; and motor car, motorcycle, extended warranty, travel, cyber security, medical malpractice, and director and officer liability insurance services. It also provides packaged software and seminar services. TQR Public Company Limited was founded in 2012 and is based in Bangkok, Thailand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TQR Public Company reported revenue of 276M THB in FY2025 versus 256M THB in FY2021, a compound +1.8%/yr. Reported net income was 101M THB in FY2025, compounding +0.9%/yr from FY2021.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
276M THB
Latest YoY
+6.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.1%
Avg. growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.8%
Revenue +1.8%/yr
FY21 256M THB
FY22 243M THB
FY23 250M THB
FY24 259M THB
FY25 276M THB
Net income +0.9%/yr
FY21 97.5M THB
FY22 98.2M THB
FY23 100M THB
FY24 100M THB
FY25 101M THB

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Cite: Fair Value Calculator (2026). "TQR Public Company Fair Value". https://www.fairvalue-calculator.com/stock/TQR

Peer Group

Insurance - Reinsurance · 28 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.

Quality Score 79 · Top 25%
Fair Value upside −6% · Bottom 25%
Return on equity (TTM) 19% · Above median
Return on assets 13% · Top 25%
Net margin (TTM) 37% · Top 25%
Operating margin (TTM) 54% · Top 25%
Revenue growth 3% · Above median
Dividend yield (TTM) 7.1% · Top 25%

Valuation Multiples vs Insurance - Reinsurance median · lower = cheaper

P/E (TTM) 12.6× · Pricier than 75% of peers
P/B 2.48× · Pricier than 75% of peers
P/S (TTM) 4.62× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 8.8× · Pricier than 75% of peers

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.

VALUE 25 · sector 90
FUTURE 16 · sector 0
PAST 75 · sector 57
HEALTH 0 · sector 89
DIVIDEND 100 · sector 87

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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 Jul 16, 2026).

Stock Price Fair Value vs Fair Value
1MUV2 1MUV2 €522.60 €669.36 +28%
Swiss Re AG SREN CHF 132.60 CHF 218.88 +65%
Hannover Rück SE HNR1 €255.00 €284.58 +12%
Reinsurance Group RGA $241.79 $234.55 -3%
Everest Group EG $364.13 $522.67 +44%
RenaissanceRe Holdings RNR $314.99 $629.98 +100%
SCOR SE SDRC €33.04 €66.08 +100%
General Insurance Corporation GICRE ₹364.85 ₹715.98 +96%
China Reinsurance (Group) Corporation 1508 HK$1.37 HK$2.74 +100%
Hamilton Insurance Group HG $34.60 $69.20 +100%

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Frequently asked questions

Is TQR Public Company (TQR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 5.72 THB versus a price of 6.10 THB, about −6% (fairly valued).
What is the fair value of TQR?
Our model-based fair value for TQR Public Company is 5.72 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 6.10 THB.
What is the quality score of TQR?
TQR Public Company has a Quality Score of 80/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of TQR Public Company (TQR)?
TQR Public Company reported trailing-twelve-month revenue of about 283M THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of TQR?
The net profit margin of TQR Public Company is about 36.8%, meaning it keeps roughly 36.8% of revenue as net income. Based on the latest reported figures.
Does TQR Public Company pay a dividend?
TQR Public Company currently shows a dividend yield of about 7.55% relative to its recent price (as of Jul 16, 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.

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