Kasikornbank PCL DRC (KPCUF) Fair Value & Analysis
Financial Services · US · Market cap $15.3B · ISIN TH0016010R14
What is Kasikornbank PCL DRC really worth?
Kasikornbank PCL DRC
KPCUF · US
A solid business, but trading 38% above our fair value of $5.23.
Strengths
Risks
For context
Fair value as of: Aug 22, 2026
From 4 valuation models · updated 14 days ago
Fair value updated Aug 22, 2026, revised from $5.17 to $5.23 (+1.1%) since Aug 13, 2026.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($6.54). The favourable scenario is already priced in.
- Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year. As of Aug 22, 2026.
How to read this chart
60‑month range $2.07 – $7.21 · fair‑value band $3.92 – $6.54 · the $7.21 price screens above the $5.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 22, 2026.
Analysis
Kasikornbank PCL DRC (KPCUF) currently trades at $7.21, while our model-based Fair Value estimate is $5.23, implying the stock looks roughly 37.9% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Financial Services sector. How firm this estimate is: it rests on 26 models at a data quality of 92/100, which puts the evidence level at medium.
Over the trailing twelve months, Kasikornbank PCL DRC generated revenue of $155B at a net margin of 32.6%. Revenue grew 1.1% year over year. It earns a return on equity of 8.5%. The balance sheet holds a net cash position of $115B. Fundamentals as of Aug 22, 2026
Our scenario range runs from $3.92 (bear case) to $6.54 (bull case); at $7.21, 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 near its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at −27%, KPCUF screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 4 models by family
Widest divergence: Multiples ($271.73) versus Asset-Based ($164.20). Highest evidence: Residual Income (71).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 67
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. The company operates through four segments: Corporate Business; Retail Business; Treasury and Investment, Capital Markets Business and World Business Group; and Muang Thai Group Holding Business.
Full company description
Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. The company operates through four segments: Corporate Business; Retail Business; Treasury and Investment, Capital Markets Business and World Business Group; and Muang Thai Group Holding Business. It offers e-savings, savings, fixed deposit, current, and foreign currency deposit accounts; debit and credit cards, as well as Xpress cash; personal, home, and auto loans, as well as property for sale; mutual funds, stocks, debentures/bonds, and derivatives/futures exchange; accident, health, critical illness, travel, savings, retirement and endowment, life insurance and inheritance, car, insurance for tax deduction, and other insurance products; digital banking and e-wallet; bill payment, money and global money transfers, and PromptPay; cash management, including cheques and drafts, as well as foreign exchange; alert services; and other financial services. The company also provides working capital, commercial loan, and letter of indemnity; international trade finance, international guarantee, and green solutions; payment, collection, liquidity management, and online merchant solutions; electronic payment application; e-tax invoice and receipt; import and export service solutions; various channels in overseas; corporate finance, securities, and investment; business accounts and cards; life, non-life, and group insurance; electronic service solution; fx and derivatives; and other related services. In addition, it engages in funding; centralized risk management; liquid assets investments; financial instruments; and foreign currency exchange, as well as brokerage business. The company was formerly known as Thai Farmers Bank Public Company Limited and changed its name to Kasikornbank Public Company Limited in April 2003. Kasikornbank Public Company Limited was founded in 1945 and is headquartered in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kasikornbank PCL DRC reported revenue of 267B THB in FY2025 versus 179B THB in FY2021, a compound +10.5%/yr. Reported net income was 49.5B THB in FY2025, compounding +6.8%/yr from FY2021.
of which total revenue +3.8 % · buybacks/dilution +2.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
KPCUF screens 38% overvalued. Compare with DBS Group →
Peer Group
Banks - Regional · 1071 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 Banks - Regional median · lower = cheaper
Strength profile in five axes (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: 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.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DBS Group D05 | 75.65 SGD | 40.48 SGD | −46% |
| China Merchants Bank Co 3968 | HK$47.96 | HK$76.51 | +60% |
| Intesa Sanpaolo S.p.A ISP | €6.78 | €5.66 | −17% |
| HDFC Bank Limited HDB | $23.17 | $24.12 | +4% |
| BNP Paribas SA BNP | €102.56 | €144.64 | +41% |
| UniCredit S.p.A UCG | €84.71 | €77.62 | −8% |
| Mizuho Financial Group MFG | $10.74 | $9.69 | −10% |
| ICICI Bank Limited ICICIBANK | ₹1,443 | ₹835.21 | −42% |
| Oversea-Chinese Banking Corporation O39 | 31.07 SGD | 19.80 SGD | −36% |
| CaixaBank, S.A CABK | €13.52 | €8.85 | −35% |
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