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Thai Solar Energy Public Company (TSE) Fair Value & Analysis

Utilities · TH · Market cap 1.6B THB

TS Thai Solar Energy Public Company TSE · BK
Price0.8200 THB
Fair Value0.6500 THB
Upside-20.7%
Quality57/100
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Evidence: Medium Range 0.4600 THB – 0.6500 THB 📤 Share as image

Fair value as of: Jul 16, 2026

From 14 valuation models · updated 4 days ago

Share price +10.8% over the past month.

Price vs Fair Value (12 months)

1.05 THB 0.3700 THB Fair Value 0.6500 THB Jul 2025 Jul 2026

12‑month range 0.3700 THB – 1.05 THB · fair‑value band 0.4600 THB – 0.6500 THB · the 0.8200 THB price screens above the 0.6500 THB fair value. As of Jul 16, 2026.

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Analysis

Thai Solar Energy Public Company (TSE) currently trades at 0.8200 THB, while our model-based Fair Value estimate is 0.6500 THB, implying the stock looks roughly 20.7% overvalued today. We read business quality at 57/100 (solid 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, Thai Solar Energy Public Company generated revenue of 1.3B THB at a net margin of 2.9%. Revenue declined 5.4% year over year. It earns a return on equity of 1.0%. Net debt stands at 2.5B THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.4600 THB (bear case) to 0.6500 THB (bull case); at 0.8200 THB, the current price sits above that range. The share trades about 24% below its 52-week high and 141% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -11% fair-value upside, at -21%, TSE screens richer than that median.

Key figures & financial health

Revenue (TTM) 1.3B THB
Revenue growth (YoY) -5.4%
Net margin 2.9%
Return on equity 1.0%
Free cash flow −121M THB FY2025
P/E ratio 79.0
More key figures
Operating margin 29.2%
EPS (TTM) 0.0100 THB
EPS growth (YoY) -33.6%
Net debt 2.5B THB FY2025

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

About the company

Thai Solar Energy Public Company Limited generates and distributes electricity from solar and biomass power plants in Thailand. The company operates in three segments, Power Plant, Management Services, and Other. It operates solar farm, solar rooftop, and solar floating projects, as well as biomass powerplants. The company also provides renewable energy, management, repair and maintenance, and medical services. It serves government and private sector clients. The company was formerly known as Siam Solar Energy Co., Ltd. and changed its name to Thai Solar Energy Public Company Limited in 2009. Thai Solar Energy Public Company Limited was incorporated in 2008 and is headquartered in Bangkok, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thai Solar Energy Public Company reported revenue of 1.2B THB in FY2025 versus 1.5B THB in FY2021, a compound −5.0%/yr. Reported net income was 46.7M THB in FY2025, compounding −44.5%/yr from FY2021.

Revenue −5.0%/yr
FY21 1.5B THB
FY22 1.3B THB
FY23 1.2B THB
FY24 1.2B THB
FY25 1.2B THB
Net income −44.5%/yr
FY21 493M THB
FY22 724M THB
FY23 −3.0B THB
FY24 −501M THB
FY25 46.7M THB

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Cite: Fair Value Calculator (2026). "Thai Solar Energy Public Company Fair Value". https://www.fairvalue-calculator.com/stock/TSE.BK

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Frequently asked questions

Is Thai Solar Energy Public Company (TSE) undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.6500 THB versus a price of 0.8200 THB, about −21% (overvalued). Model-based estimate, not financial advice.
What is the fair value of TSE?
Our model-based fair value for Thai Solar Energy Public Company is 0.6500 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.8200 THB.
What is the quality score of TSE?
Thai Solar Energy Public Company has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Thai Solar Energy Public Company (TSE)?
Thai Solar Energy Public Company reported trailing-twelve-month revenue of about 1.3B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of TSE?
The net profit margin of Thai Solar Energy Public Company is about 2.9%, meaning it keeps roughly 2.9% 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.

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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.