What is TMBThanachart Bank Public Company Limited (TMBBY)'s fair-value range?

EvidInvest reads TMBThanachart Bank Public Company Limited (TMBBY)'s market price back into the assumptions behind it — the implied P/E, growth rate and cash yield — using its latest filed financials, then lets you set your own. See the full DCF, Graham number, EPV and multiple-based methods at https://evidinvest.com/valuation/TMBBY.

How is TMBThanachart Bank Public Company Limited (TMBBY)'s fair value calculated?

TMBThanachart Bank Public Company Limited (TMBBY)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples such as PE and EV/EBITDA — using data from SEC filings. P/B is optional for non-financial companies and included in the preset range for financial sectors.

Which filing are TMBThanachart Bank Public Company Limited (TMBBY)'s valuation inputs based on?

Inputs come from the FY2025 20-F. Source: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1531740&type=20-F&dateb=&owner=include&count=10

Fair value · TMBThanachart Bank Public Company Limited (TMBBY) · updated 2026-10-28 · from 20-F FY2025

TMBThanachart Bank Public Company trades at $9.05. We are not reading assumptions out of that price: this is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Name: TMBThanachart Bank Public Company Limited (TMBBY) valuation inputs and fair-value methods
Creator: EvidInvest
License: https://evidinvest.com/subscription-terms

Everything below is unaffected: the filed statements, the filing they came from, and TMBBY’s growth history are all as reported.

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Inputs come from the FY2025 20-F; set your own on the sliders below. Research, not investment advice.

The filing behind these numbers

TMBThanachart Bank Public Company Limited

Revenue: THB 88.1B
Diluted EPS: THB 52.50
Free cash flow: THB 49.8B; operating cash flow − capital expenditure
Diluted shares: 384.8M; weighted average

20-F FY2025 · fiscal year ended 2025-12-31 · filed 2025-12-31

Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q1 FY2026 (filed 2026-03-31).

Open the 20-F list on sec.govCIK 1531740

Valuation tool: build your own TMBBY range

Fair Value Summary

Daily Price — TMBBY

$9.05 +0.0% (1Y)

Your range0 of 8 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

The two ranges are identical because every input sits on a preset.

We don’t tell you what TMBBY is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has TMBBY’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Not solvable from the price — This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what TMBBY has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth13.5%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%177.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth8.7%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)9.83%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $17,666M · PV terminal $24,603M · EV $42,269M · equity $43,116M

Year	Stage	FCF	Present value
1	Stage 1	$1,784M	$1,625M
2	Stage 1	$2,025M	$1,679M
3	Stage 1	$2,298M	$1,735M
4	Stage 1	$2,609M	$1,793M
5	Stage 1	$2,961M	$1,853M
6	Stage 2	$3,219M	$1,834M
7	Stage 2	$3,499M	$1,815M
8	Stage 2	$3,803M	$1,796M
9	Stage 2	$4,134M	$1,778M
10	Stage 2	$4,493M	$1,759M

Inputs from the filing

Statements filed in THB, converted to USD at the 2025-12-31 period-end rate (31.675 THB per USD; ECB reference rates).

Free cash flow: $2.5B; sum of the last four quarters
EBIT: $589.3M; latest annual
Shares: 380.2M
Total debt: $3.6B
Cash: $4.5B
Net debt: $-847.3M; debt − cash

20-F FY2025 · period ended 2025-12-31 · filed 2025-12-31 · sec.gov

Prefer a blank slate with reverse DCF? Open the standalone DCF / reverse DCF for TMBBY

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TMBThanachart Bank Public Company trades at $9.05. We are not reading assumptions out of that price: this is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

The filing behind these numbers

Valuation tool: build your own TMBBY range

Daily Price — TMBBY

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Year by year (two-stage model, $M)

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Valuation tool: build your own TMBBY range

Daily Price — TMBBY

Your range0 of 8 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on TMBBY

Compare with peers

Explore