Thai Setakij Insurance PCL (TSI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Thai Setakij Insurance PCL stock THB 0.06, price THB 0.04, upside +40.0%, quality 50 out of 100. Rating: undervalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 0.0300 THB – 0.4800 THB · fair‑value band 0.0483 THB – 0.0637 THB · the 0.0400 THB price screens below the 0.0560 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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The Thai Setakij Insurance Public Company Limited engages in the non-life insurance business in Thailand. The company operates through Fire, Marine and Transportation, Motor, and Miscellaneous segments.
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It provides fire, marine and transportation, motor, car, personal accident, travel, and freight insurance products through branch representatives and service centers. The company was incorporated in 1942 and is headquartered in Bangkok, Thailand.
Stock analysis
Thai Setakij Insurance PCL (TSI) currently trades at 0.0400 THB, while our model-based Fair Value estimate is 0.0560 THB, implying the stock looks roughly 29% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 0.1250 THB per share, and 4 of the 4 models we run sit above the 0.0400 THB price.
Bear case: the Asset-Based group reads lowest at 0.0900 THB, and 0 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.0483 THB (bear) to 0.0637 THB (bull), the price of 0.0400 THB sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Thai Setakij Insurance PCL reported revenue of 1.2B THB in FY2025 versus 471M THB in FY2021, a compound +26.6%/yr. Reported net income was 10.8M THB in FY2025.
Key figures
Market cap 76.2M THB (≈ $2.3M) Micro · P/S ratio 0.06 · EPS (TTM) −0.0300 THB · Net margin −5.1% · Return on equity −33.3% · Return on assets (EBIT) −3.0% (5-year average) · Operating margin −24.1% · Revenue (TTM) 1.3B THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at 40%, TSI screens cheaper than that median.
Fair Value models
Bear0.0483 THBFair Value 0.0560 THBBull0.0637 THB
Price 0.0400 THB · Upside +40.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+41.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+26.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.6%
Start year 2020 (pandemic). Over 10 years: +8.1% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
Compare Thai Setakij Insurance PCL with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Insurance - Property & Casualty · 100 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Thai Setakij Insurance PCL (TSI) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.0560 THB versus a price of 0.0400 THB, about +40% upside (undervalued).
What is the fair value of TSI?
Our model-based fair value for Thai Setakij Insurance PCL is 0.0560 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.0400 THB.
What is the quality score of TSI?
Thai Setakij Insurance PCL has a Quality Score of 50/100. 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 price target for Thai Setakij Insurance PCL (TSI)?
Our model-based price target is the fair value of 0.0560 THB (as of Nov 7, 2026) from 4 valuation models. Cautious scenario 0.0483 THB, optimistic scenario 0.0637 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Thai Setakij Insurance PCL stock forecast for 2026?
Our models put fair value at 0.0560 THB, about +40% upside versus a price of 0.0400 THB (undervalued). Cautious scenario 0.0483 THB, optimistic scenario 0.0637 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Thai Setakij Insurance PCL (TSI)?
Thai Setakij Insurance PCL reported trailing-twelve-month revenue of about 1.3B THB (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Thai Setakij Insurance PCL (TSI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Thai Setakij Insurance PCL it is 0.0560 THB per share (as of Nov 7, 2026), against a price of 0.0400 THB. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Thai Setakij Insurance PCL stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TSI trades below its calculated fair value: price 0.0400 THB, fair value 0.0560 THB, a gap of about +40% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TSI?
No. The price is what the market pays today (0.0400 THB); the fair value is what the company's own numbers justify (0.0560 THB). For Thai Setakij Insurance PCL the two are 0.0160 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Thai Setakij Insurance PCL worth?
The market values Thai Setakij Insurance PCL at about 76.2M THB (market capitalisation, as of Nov 7, 2026). Per share that is 0.0400 THB; our models calculate a fair value of 0.0560 THB per share.
What do the bullish and bearish scenarios say about TSI?
Our models span a range for Thai Setakij Insurance PCL: cautious scenario 0.0483 THB, base 0.0560 THB, optimistic 0.0637 THB per share (as of Nov 7, 2026, price 0.0400 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Thai Setakij Insurance PCL (TSI)?
Balance-sheet figures for Thai Setakij Insurance PCL (as of Nov 7, 2026): return on equity −33.3%, debt of 0.12 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is TSI from its 52-week high?
Thai Setakij Insurance PCL trades at 0.0400 THB, about 43% below its 52-week high of 0.0700 THB and 33% above the low of 0.0300 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0560 THB is for.
Which stocks are comparable to Thai Setakij Insurance PCL?
From the same area (Financial Services) we also value Chubb Limited, The Progressive Corporation, The Travelers Companies, Inc, The Allstate Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Thai Setakij Insurance PCL stock attractive at the current price?
The data as of Nov 7, 2026: price 0.0400 THB, calculated fair value 0.0560 THB (+40%), Quality Score 50/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TSI calculated?
We run Thai Setakij Insurance PCL through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.0560 THB builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Thai Setakij Insurance PCL currently trades 29% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Thai Setakij Insurance PCL (TSI)?
The closing price on Nov 6, 2026 was 0.0400 THB. Our model-based fair value is 0.0560 THB, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Thai Setakij Insurance PCL right now?
The price is below even our cautious bear case (0.0483 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 (50/100) 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.
Key figures of Thai Setakij Insurance PCL
How large is the market capitalisation of Thai Setakij Insurance PCL (TSI)?
The market capitalisation of Thai Setakij Insurance PCL is 76.2M THB (≈ $2.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Thai Setakij Insurance PCL (TSI)?
The price-to-sales ratio of Thai Setakij Insurance PCL is 0.06 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Thai Setakij Insurance PCL (TSI)?
Earnings per share at Thai Setakij Insurance PCL are −0.0300 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Thai Setakij Insurance PCL (TSI)?
The net margin of Thai Setakij Insurance PCL is −5.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Thai Setakij Insurance PCL (TSI)?
The return on equity (ROE) of Thai Setakij Insurance PCL is −33.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Thai Setakij Insurance PCL (TSI)?
On an EBIT basis the return on assets of Thai Setakij Insurance PCL is −3.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Thai Setakij Insurance PCL (TSI)?
The operating margin of Thai Setakij Insurance PCL is −24.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Thai Setakij Insurance PCL (TSI)?
Revenue at Thai Setakij Insurance PCL is growing +4.7% versus a year earlier (3y avg +26.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Thai Setakij Insurance PCL (TSI)?
Earnings per share at Thai Setakij Insurance PCL are growing −24.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Thai Setakij Insurance PCL (TSI) generate?
The free cash flow of Thai Setakij Insurance PCL is −61.2M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Thai Setakij Insurance PCL (TSI) hold?
Thai Setakij Insurance PCL holds more cash than debt, 213M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026