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FAIR VALUE

Not one number — a distribution. Each bar is the Monte-Carlo fair-value fan (P10·P50·P90); the dot is today's price. Green = trading below central fair value; the reverse-DCF shows the growth the market is pricing in versus what the business sustains.

Fair Value · Monte-Carlo DCFrf 2.50% · erp 7.5% · 10,000 sims
NamePrice vs fair-value fan (P10·P50·P90)MoSP(under)Mkt implies → sust.
BBL
Bangkok Bank Public Company Limited
+48.4%
100%
-10.0% → +3.9%
KTC
Krungthai Card Public Company Limited
+45.6%
100%
-5.7% → +9.0%
TIDLOR
Tidlor Holdings Public Company Limited
+43.5%
100%
-5.9% → +7.9%
KBANK
Kasikornbank Public Company Limited
+35.6%
99%
-6.3% → +4.3%
PTTEP
PTT Exploration and Production Public Company Limited
+33%
97%
-4.3% → +5.4%
SCB
SCB X Public Company Limited
+29.7%
95%
-3.9% → +4.5%
HMPRO
Home Product Center Public Company Limited
+26.7%
93%
+2.6% → +10.2%
RATCH
Ratch Group Public Company Limited
+25.3%
92%
-3.7% → +3.2%
PTT
PTT Public Company Limited
+21.9%
88%
-2.1% → +3.7%
ADVANC
Advanced Info Service Public Company Limited
+18.4%
88%
+13.4% → +20.0%
CPN
Central Pattana Public Company Limited
+14.8%
78%
+4.5% → +8.4%
CPALL
CP ALL Public Company Limited
+8.3%
65%
+3.0% → +5.0%
WHA
WHA Corporation Public Company Limited
-2.9%
45%
+6.9% → +6.0%
BH
Bumrungrad Hospital Public Company Limited
-5.8%
40%
+13.6% → +12.2%
BJC
Berli Jucker Public Company Limited
-7.2%
37%
+3.7% → +1.9%
SCC
The Siam Cement Public Company Limited
-9.3%
35%
+4.1% → +1.9%
BDMS
Bangkok Dusit Medical Services Public Company Limited
-11.4%
31%
+10.1% → +7.2%
MINT
Minor International Public Company Limited
-11.8%
31%
+8.0% → +5.1%
CPAXT
CP Axtra Public Company Limited
-25.6%
16%
+7.2% → +1.6%
GULF
Gulf Development Public Company Limited
-44.4%
4%
+27.3% → +18.1%
TRUE
True Corporation Public Company Limited
-89.3%
0%
+25.5% → +8.9%
AOT
Airports of Thailand Public Company Limited
-174.2%
0%
+33.7% → +7.2%
BGRIM
B.Grimm Power Public Company Limited
-231.9%
0%
+34.4% → +3.1%
DELTA
Delta Electronics (Thailand) Public Company Limited
-577.3%
0%
— → +14.8%

The bar is the fair-value distribution, not a target. Model estimate, not a forecast. Assumes EPS≈owner earnings, 50% retention for ROE-implied growth, Thai risk-free + 7.5% ERP. Names with non-positive EPS are omitted (DCF undefined). Generated 2026-06-21.