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ZALEKTA Public Company (ZAA) Fair Value & Analysis

Communication Services · TH · Market cap 1.1B THB

ZP ZALEKTA Public Company ZAA · BK
Price1.60 THB
Fair Value0.2400 THB
Upside-85.0%
Quality56/100
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Weak Growth
Loss-making · -47.5% net margin
negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 12/100
Evidence: Low Range 0.1600 THB – 0.2900 THB Share as image

Fair value as of: Jul 18, 2026

From 1 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 1.26 THB to 0.2400 THB (−81.0%) since Jun 24, 2026. Share price −5.9% over the past month.

A solid business, but screening 85% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.2900 THB). The favourable scenario is already priced in.
  • 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 but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.1600 THB to 0.2900 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

6.20 THB 0.8600 THB Fair Value 0.2400 THB Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.8600 THB – 6.20 THB · fair‑value band 0.1600 THB – 0.2900 THB · the 1.60 THB price screens above the 0.2400 THB fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

ZALEKTA Public Company (ZAA) currently trades at 1.60 THB, while our model-based Fair Value estimate is 0.2400 THB, implying the stock looks roughly 85.0% overvalued today. The Quality Score stands at 56/100 (solid 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: low).

Over the trailing twelve months, ZALEKTA Public Company generated revenue of 111M THB at a net margin of -47.5%. Revenue grew 6.2% year over year. It earns a return on equity of -20.5%. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.1600 THB (bear case) to 0.2900 THB (bull case); at 1.60 THB, the current price sits above 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 33% below its 52-week high and 86% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at -85%, ZAA screens richer 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
NCAV (Graham) 0.1800 THB 0.2400 THB 0.3600 THB 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.1800 THB 0.2400 THB 0.3600 THB 50

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Key figures & financial health

Revenue (TTM) 111M THB
Revenue growth (YoY) +6.2%
Net margin -47.5%
Return on equity -20.5%
Free cash flow −42.8M THB FY2025
Operating margin -1.1%
More key figures
EPS (TTM) -0.0800 THB

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 56

Profitability 9
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 90
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.

About the company

ZALEKTA Public Company Limited, together with its subsidiaries, provides media and marketing services in Thailand and internationally. It operates through four segments: Film Rights Distribution, Film Production and Related Business, E-Commerce and Event Management Service, and Others.

Full company description

ZALEKTA Public Company Limited, together with its subsidiaries, provides media and marketing services in Thailand and internationally. It operates through four segments: Film Rights Distribution, Film Production and Related Business, E-Commerce and Event Management Service, and Others. The company is involved in the distribution of film rights; film production; offers and buys Asian and international film copyrights; invests in home entertainment media business. It also engages in the provision of e-commerce and event management services; cinemas, DVD-VCD-Blu-Ray manufacturers, free TV, cable TV, pay TV, and digital pay TV business; and operation of ticketing platform under the Eventpop brand. The company was formerly known as M Pictures Entertainment Public Company Limited and changed its name to ZALEKTA Public Company Limited in September 2023. ZALEKTA Public Company Limited was incorporated in 2001 and is based in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ZALEKTA Public Company reported revenue of 109M THB in FY2025 versus 160M THB in FY2021, a compound −9.2%/yr. Reported net income was −54.1M THB in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
109M THB
Latest YoY
−4.9%
Avg. 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.
−27.4%
Avg. growth/yr (5Y) 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.
−17.6%
Revenue −9.2%/yr
FY21 160M THB
FY22 285M THB
FY23 188M THB
FY24 115M THB
FY25 109M THB
Net income
FY21 −20.8M THB
FY22 25.0M THB
FY23 −49.7M THB
FY24 −119M THB
FY25 −54.1M THB

ZAA screens 85% overvalued. Compare with Netflix, Inc →

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

Peer Group

Entertainment · 265 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 55 · Above median
Fair Value upside −85% · Bottom 25%
Return on assets -7% · Bottom 25%
Net margin (TTM) -48% · Bottom 25%
Operating margin (TTM) -1% · Below median
Revenue growth 6% · Above median

Valuation Multiples vs Entertainment median · lower = cheaper

P/B 0.14× · Cheaper than 75% of peers
P/S (TTM) 0.30× · 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.

VALUE 0 · sector 6
FUTURE 31 · sector 10
PAST 0 · sector 0
HEALTH 0 · sector 97
DIVIDEND 0 · sector 44

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is ZALEKTA Public Company (ZAA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.2400 THB versus a price of 1.60 THB, about −85% (overvalued).
What is the fair value of ZAA?
Our model-based fair value for ZALEKTA Public Company is 0.2400 THB (as of Jul 18, 2026), built from audited fundamentals. The current price is 1.60 THB.
What is the quality score of ZAA?
ZALEKTA Public Company has a Quality Score of 56/100. 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 ZALEKTA Public Company (ZAA)?
ZALEKTA Public Company reported trailing-twelve-month revenue of about 111M THB (latest available figure, as of Jul 18, 2026).
What is the net profit margin of ZAA?
The net profit margin of ZALEKTA Public Company is about -47.5%, meaning it is currently running at a net loss. 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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