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Ngernturbo Public Company (TURBO) Fair Value & Analysis

Financial Services · TH · Market cap 5.0B THB

NP Ngernturbo Public Company TURBO · BK
Price1.88 THB
Fair Value2.45 THB
Upside+30.3%
Quality68/100
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Strengths

Trades 23% below our fair value of 2.45 THB
Healthy Growth (revenue 3y +20.2 %/yr)
Highly profitable · 25.7% net margin
Moderate debt · generates free cash flow

Risks

!Evidence only medium, so the estimate is less certain
Healthy Growth (revenue 3y +20.2 %/yr)
Highly profitable · 25.7% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/12)
Wide moat 73/100
Evidence: Medium Range 1.28 THB – 3.06 THB Share as image

Fair value as of: Aug 26, 2026

From 11 valuation models · updated yesterday

Share price +9.3% over the past month.

A solid business, trading 23% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (1.28 THB to 3.06 THB) leaves room in how you read the outcome.
  • 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 (11 months)

1.95 THB 1.20 THB Fair Value 2.45 THB Sep 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 26, 2026.

How to read this chart

11‑month range 1.20 THB – 1.95 THB · fair‑value band 1.28 THB – 3.06 THB · the 1.88 THB price screens below the 2.45 THB fair value. As of Aug 26, 2026.

Full chart & analysis →

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Analysis

Ngernturbo Public Company (TURBO) currently trades at 1.88 THB, while our model-based Fair Value estimate is 2.45 THB, implying the stock looks roughly 30.3% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Ngernturbo Public Company generated revenue of 2.2B THB at a net margin of 24.5%. Revenue grew 15.7% year over year. It earns a return on equity of 16.2%. Net debt stands at 8.2B THB. Fundamentals as of Aug 26, 2026

Our scenario range runs from 1.28 THB (bear case) to 3.06 THB (bull case); at 1.88 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 about 24% below its 52-week high and 58% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -27% fair-value upside, at 30%, TURBO screens cheaper 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
Growth DCF 2.51 THB 4.91 THB 8.69 THB 80
Residual Income 1.33 THB 1.63 THB 3.57 THB 76
Rev-Margin DCF 1.02 THB 2.18 THB 3.66 THB 74
All 11 models by family
DCF Models
Owner Earnings 2.30 THB 4.73 THB 8.68 THB 31
5Y P/E Exit 1.20 THB 2.53 THB 3.99 THB 38
10Y P/E Exit 1.64 THB 2.97 THB 4.71 THB 35
Earnings-Based
Graham-Dodd 1.28 THB 5.47 THB 7.47 THB 54
Lynch FV 1.40 THB 2.00 THB 2.59 THB 50
Multiples
P/E Multiple 1.84 THB 2.45 THB 3.06 THB 63
P/B Multiple 1.49 THB 1.98 THB 2.48 THB 55
Asset-Based
NCAV (Graham) 0.7100 THB 0.9500 THB 1.41 THB 50
Growth DCF
Growth DCF 2.51 THB 4.91 THB 8.69 THB 80
Rev-Margin DCF 1.02 THB 2.18 THB 3.66 THB 74
Economic Profit
Residual Income 1.33 THB 1.63 THB 3.57 THB 76

Widest divergence: DCF Models (2.97 THB) versus Asset-Based (0.9500 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 8.5
P/S ratio 2.15 TTM
Net margin 25.7% TTM
Return on equity 17.1% TTM
Return on assets 4.5% TTM
Operating margin 30.8% TTM
More key figures
Profitability
EPS (TTM) 0.2200 THB
Growth
Revenue (TTM) 2.3B THB TTM
Revenue growth (YoY) +31.0% 3y avg +20.2%
EPS growth (YoY) +41.0%
Balance sheet & cash flow
Free cash flow 829M THB FY2025
Net debt 8.2B THB FY2025 · ≈ 9.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 64 · Market factors (momentum, volatility) 52

Profitability 39
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 80
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Ngernturbo Public Company Limited, together with its subsidiaries, provides financial services in Thailand. It operates through Financial Services and Insurance Broker segments.

Full company description

Ngernturbo Public Company Limited, together with its subsidiaries, provides financial services in Thailand. It operates through Financial Services and Insurance Broker segments. The company offers motorcycles, cars, tractors, and land title deed loans; and motorcycles, cars, health and critical illness, home and condo, and accident insurance products; and loans secured against vehicle registrations, land title deeds, and nano-finance. It also engages in cash and installment sales; insurance broker; training services; and life and non-life insurance brokerage and insurance consultation business. Ngernturbo Public Company Limited was founded in 2017 and is headquartered in Pak Kret, Thailand.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Ngernturbo Public Company reported revenue of 3.1B THB in FY2025 versus 1.8B THB in FY2022, a compound +20.2%/yr.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.1B THB
Latest YoY
+1.9%
Avg. revenue 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.
+20.2%
Value creation/yr We only publish this rate when it is defensible. Reason: only 1 usable fiscal years, at least 4 required
not computed
Revenue +20.2%/yr
FY22 1.8B THB
FY23 2.4B THB
FY24 3.0B THB
FY25 3.1B THB

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

Peer Group

Financial Conglomerates · 56 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 69 · Top 25%
Fair Value upside +30% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 26% · Above median
Operating margin (TTM) 31% · Above median
Revenue growth 31% · Top 25%
Debt / equity 0.88× · Higher than median

Valuation Multiples vs Financial Conglomerates median · lower = cheaper

P/E (TTM) 8.5× · Cheaper than 75% of peers
P/B 1.32× · Cheaper than median
P/S (TTM) 2.15× · Pricier than median
P/FCF 0.2× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE74 · sector 6
FUTURE100 · sector 38
PAST69 · sector 32
HEALTH56 · sector 84
DIVIDEND0 · sector 51

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

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Frequently asked questions

Is Ngernturbo Public Company (TURBO) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of 2.45 THB versus a price of 1.88 THB, about +30% (undervalued).
What is the fair value of TURBO?
Our model-based fair value for Ngernturbo Public Company is 2.45 THB (as of Aug 26, 2026), built from audited fundamentals. The current price: 1.88 THB.
What is the quality score of TURBO?
Ngernturbo Public Company has a Quality Score of 68/100. 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 Ngernturbo Public Company (TURBO)?
Ngernturbo Public Company reported trailing-twelve-month revenue of about 2.2B THB (latest available figure, as of Aug 26, 2026).
What is the net profit margin of TURBO?
The net profit margin of Ngernturbo Public Company is about 24.5%, meaning it keeps roughly 24.5% 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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