TVD Holdings (TVDH) Fair Value & Analysis
Consumer Cyclical · TH · Market cap 114M THB
Fair value as of: Jul 20, 2026
From 16 valuation models · updated 21 days ago
Fair value updated Jul 20, 2026, revised from 0.1100 THB to 0.0900 THB (−18.2%) since Jun 26, 2026.
Below-average quality, screening 80% undervalued on our models.
What matters now
- The price is below even our cautious bear case (0.0750 THB). The market is more pessimistic than our downside scenario.
- Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
60‑month range 0.0400 THB – 1.96 THB · fair‑value band 0.0750 THB – 0.1100 THB · the 0.0500 THB price screens below the 0.0900 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.
Analysis
TVD Holdings (TVDH) currently trades at 0.0500 THB, while our model-based Fair Value estimate is 0.0900 THB, implying the stock looks roughly 80.0% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical 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: high), always confirm before acting.
Over the trailing twelve months, TVD Holdings generated revenue of 759M THB at a net margin of 6.7%. Revenue declined 55.6% year over year. It earns a return on equity of 7.7%. Net debt stands at 221M THB. Fundamentals as of Jul 20, 2026
Our scenario range runs from 0.0750 THB (bear case) to 0.1100 THB (bull case); at 0.0500 THB, the current price sits below 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 58% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -49% fair-value upside, at 80%, TVDH 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.
All 16 models by family
Widest divergence: Asset-Based (0.2000 THB) versus Earnings-Based (0.0600 THB). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 23
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
TVD Holdings Public Company Limited, together with its subsidiaries, sells goods and services through various marketing channels. The company operates through five segments: Sales, Provides Secured Loans, Investment, Media, and Services. It also produces and sells TV programs, and air time for advertising.
Full company description
TVD Holdings Public Company Limited, together with its subsidiaries, sells goods and services through various marketing channels. The company operates through five segments: Sales, Provides Secured Loans, Investment, Media, and Services. It also produces and sells TV programs, and air time for advertising. In addition, the company engages in satellite signal rental; investing in fiber optic distribution system projects; and training services. The company was formerly known as TV Direct Public Company Limited and changed its name to TVD Holdings Public Company Limited in July 2022. TVD Holdings Public Company Limited was incorporated in 1999 and is based in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TVD Holdings reported revenue of 912M THB in FY2025 versus 2.7B THB in FY2021, a compound −24.0%/yr. Reported net income was 17.8M THB in FY2025.
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Peer Group
Internet Retail · 109 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.
Valuation Multiples vs Internet Retail median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Internet Retail stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Amazon.com, Inc AMZN | $245.34 | $127.67 | -48% |
| Alibaba Group BABA | $114.97 | $75.75 | -34% |
| PDD Holdings PDD | $84.14 | $223.51 | +166% |
| MercadoLibre, Inc MELI | $1,814 | $798.98 | -56% |
| DoorDash, Inc DASH | $190.16 | $38.64 | -80% |
| Sea Limited SE | $106.22 | $52.70 | -50% |
| eBay Inc EBAY | $117.20 | $60.13 | -49% |
| JD.com, Inc JD | €25.95 | €31.88 | +23% |
| Coupang, Inc CPNG | $16.86 | $2.79 | -83% |
| Delivery Hero SE DHER | €38.18 | €12.71 | -67% |
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Price, fair value, quality and upside side by side.
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Frequently asked questions
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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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