Forth Corporation Public Company Limited Stocks

THB 7.15Last Updated 27.04.2026

Issuer Rating

4/7
Performance

Strong

Risk

High

Recommendation

Hold

Market Cap

THB 194.97M

Buy
Review
Evaluation
Target price
Dynamics
Performance
Growth
Dividends
Risks
THB 7.15
Key Takeaways

Risk factor

Very poor trading liquidity

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Data is available to registered users only

Profitability factor

Undervalued vs peers

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Risks

  • Default risk
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  • Volatility
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  • Selling difficulty
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  • Stress test
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  • Country risks
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  • Other risks
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About

Forth Corporation Public Company Limited, together with its subsidiaries, manufactures and distributes electronic equipment in Thailand. It operates through three segments: Electronics Manufacturing Service Business; Enterprise Solutions Business; and Smart Service Business. It offers Forth Taglock EM, a tracking device made for prisoners; nurse call systems; GPS devices and GPS tracking systems; lighting system solutions; smart traffic light systems; smart grids; multi-service access network telephone exchange equipment; EV charging stations; smart meter systems, including digital meters that show energy/water consumptions digitally, as well as smart software, which pulls data from meters automatically; and small gas station and oil vending machines. The company also provides top-up and payment kiosks; Boonterm Counter Service that has a touch screen with a data acquisition system that helps monitor usage and print receipts backwards; Boonterm water dispensers; automated cup beverage vending machines; smart vending machines; and KODIAK, a high performance aircraft, as well as operates commercial aircraft maintenance center. In addition, it engages in the trading of electronic parts; sale and installation of light boards and traffic systems; concession for traffic board project; provision of consulting service for information management and computer software management, as well as engineering services; sale of aircraft, aircraft hangar and maintenance business, and flight training; e-commerce business; and turnkey on installation of CCTV. Additionally, the company offers nano finance and personal loan services; and distributes goods. Forth Corporation Public Company Limited was founded in 1989 and is headquartered in Bangkok, Thailand.

Company Valuation

Undervalued
6/7

Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITDA, trad

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Risks

  • Default risk
    Data is available to registered users only
  • Volatility
    Data is available to registered users only
  • Selling difficulty
    Data is available to registered users only
  • Stress test
    Data is available to registered users only
  • Country risks
    Data is available to registered users only
  • Other risks
    Data is available to registered users only
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