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True Corporation (TRUE) Fair Value & Analysis

Communication Services · TH · Market cap 477B THB

TC True Corporation TRUE · BK
Price13.30 THB
Fair Value5.88 THB
Upside-55.8%
Quality95/100
Evidence: High Range 4.41 THB – 7.35 THB

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Share price −6.5% over the past month.

Price vs Fair Value (12 months)

15.11 THB 10.26 THB Fair Value 5.88 THB Jun 2025 Jun 2026

12‑month range 10.26 THB – 15.11 THB · fair‑value band 4.41 THB – 7.35 THB · the 13.30 THB price screens above the 5.88 THB fair value. As of Jun 24, 2026.

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Analysis

True Corporation (TRUE) currently trades at 13.30 THB, while our model-based Fair Value estimate is 5.88 THB — implying the stock looks roughly 55.8% overvalued today. We read business quality at 95/100 (high quality), in the Communication 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, True Corporation generated revenue of 191B THB at a net margin of 7.5%. Revenue declined 9.8% year over year. It earns a return on equity of 17.9%. Net debt stands at 506B THB. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 191B THB
Revenue growth (YoY) -9.8%
Net margin 7.5%
Return on equity 17.9%
Free cash flow 58.5B THB FY2025
P/E ratio 33.7
More key figures
Operating margin 23.1%
EPS (TTM) 0.4100 THB
Dividend yield 3.3%
EPS growth (YoY) +280%
Net debt 506B THB FY2025

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

About the company

True Corporation Public Company Limited, together with its subsidiaries, provides telecommunications and value-added services in Thailand. The company operates through Mobile, Pay TV, and Broadband internet and others segments. It offers mobile, broadband Internet, Wi-Fi, television, and digital platforms and solutions. The company is also involved in entertainment, mobile equipment lessor, program production, non-government telecommunication, artist management, Internet services provider and distributor, and marketing management activities. In addition, it operates news channel; and provides business solutions, online digital media services on website and telecommunication devices, distribution center services, advertising sale and agency services, wireless telecommunication services, pay television, and football club and related activities management services. Further, the company designs, develops, produces, and sells software products; and offers digital solutions, and privilege…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

True Corporation reported revenue of 196B THB in FY2025 versus 144B THB in FY2021, a compound +8.0%/yr. Reported net income was 9.2B THB in FY2025.

Revenue +8.0%/yr
FY21 144B THB
FY22 135B THB
FY23 203B THB
FY24 206B THB
FY25 196B THB
Net income
FY21 −1.4B THB
FY22 −18.3B THB
FY23 −17.5B THB
FY24 −11.0B THB
FY25 9.2B THB

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Similar stocks

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

Stock Price Fair Value vs Fair Value
SoftBank Group SFTBF $41.03 $68.21 +66%
China Mobile Limited 0941 HK$82.40 HK$80.23 -3%
T-Mobile US, Inc TM5 €158.74 €267.43 +68%
Verizon Communications Inc BAC €40.66 €48.01 +18%
AT&T Inc SOBA €20.05 €29.14 +45%
Deutsche Telekom AG DTE €26.12 €44.50 +70%

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Frequently asked questions

Is True Corporation (TRUE) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 5.88 THB versus a price of 13.30 THB — about −56% (overvalued). Model-based estimate, not financial advice.
What is the fair value of TRUE?
Our 21-model fair value for True Corporation is 5.88 THB (as of Jun 24, 2026), built from audited fundamentals. The current price is 13.30 THB.
What is the quality score of TRUE?
True Corporation has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of True Corporation (TRUE)?
True Corporation reported trailing-twelve-month revenue of about 191B THB (latest available figure, as of Jun 24, 2026).
What is the net profit margin of TRUE?
The net profit margin of True Corporation is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.
Does True Corporation pay a dividend?
True Corporation currently shows a dividend yield of about 3.26% relative to its recent price (as of Jun 24, 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.

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