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Maybank Securities (Thailand) PCLBKK:MST-R 54 Intrinsic Value: Projected FCF is ฿24.45 as of Jul. 16, 2026, which is 100% below its 10-year median of 0.89. GuruFocus rates BKK:MST-R with a GF Score™ of 54/100 and a GF Value™ of ฿5.82. The stock has 8 warning signs investors should review. Among 521 Capital Markets companies, Maybank Securities (Thailand) PCL ranks better than 91.94% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Maybank Securities (Thailand) PCL's Intrinsic Value: Projected FCF or its related term are showing as below:
BKK:MST-R'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.24 Med: 0.89 Max: 45.83
Current: 0.28
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Maybank Securities (Thailand) PCL was 45.83. The lowest was 0.24. And the median was 0.89.
BKK:MST-R's Price-to-Projected-FCF is ranked better than 91.94% of 521
companies
in the Capital Markets industry
Industry Median: 0.99
vs BKK:MST-R: 0.28
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Maybank Securities (Thailand) PCL's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
6.85
/
28.024875511482
=
0.24
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Maybank Securities (Thailand) PCL Intrinsic Value: Projected FCF Related Terms
Maybank Securities (Thailand) PCL Intrinsic Value: Projected FCF Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BKK:MST-R vs MS, GS, SCHW: Intrinsic Value: Projected FCF Comparison
For the Capital Markets subindustry, Maybank Securities (Thailand) PCL's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Maybank Securities (Thailand) PCL Price-to-Projected-FCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) PCL's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of ฿24.45 mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Intrinsic Value: Projected FCF of ฿24.45 as of Jul. 16, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Maybank Securities (Thailand) PCL and its competitors. This is 2647% above median its historical median of 0.89. Over the past decade, Maybank Securities (Thailand) PCL's Intrinsic Value: Projected FCF has ranged from 0.24 to 45.83. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #42 out of 521 companies in the Capital Markets industry, placing it in the top 8.1%.
Is Maybank Securities (Thailand) PCL's Intrinsic Value: Projected FCF too high?
Maybank Securities (Thailand) PCL's current Intrinsic Value: Projected FCF of ฿24.45 is 2647% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 45.83. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #42 out of 521 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Intrinsic Value: Projected FCF compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #42 out of 521 companies for Intrinsic Value: Projected FCF. This places Maybank Securities (Thailand) PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.99. Historically, Maybank Securities (Thailand) PCL's own Intrinsic Value: Projected FCF has ranged from 0.24 to 45.83 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Capital Markets company?
The median Intrinsic Value: Projected FCF among Capital Markets companies is 0.99, based on 521 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Intrinsic Value: Projected FCF is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Intrinsic Value: Projected FCF is ฿24.45, which is 2647% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Intrinsic Value: Projected FCF of ฿24.45. The stock's GF Value™ is ฿5.82, compared to a current price of ฿6.85 — trading 17.7% above its estimated fair value. The current Intrinsic Value: Projected FCF is ฿24.45, which is 2647% above median its 10-year median of 0.89. Maybank Securities (Thailand) PCL's overall GF Score™ is 54/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Maybank Securities (Thailand) PCL (BKK:MST-R), the current Intrinsic Value: Projected FCF is ฿24.45 as of Jul. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 17.7% above its estimated GF Value™ of ฿5.82.
Key valuation signals for BKK:MST-R:
Intrinsic Value: Projected FCF: ฿24.45 (2647% above median its 10-year median of 0.89)
GF Value™: ฿5.82 vs. price of ฿6.85 (17.7% above fair value)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
54GF Score
Get the complete analysis for BKK:MST-R
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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