Tipco Asphalt PCL (BKK:TASCO-R) Intrinsic Value: Projected FCF: ฿19.43 (As of Jul. 29, 2026) — 2270% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:TASCO-R Tipco Asphalt PCL BKK:TASCO-R
79 GF Score
Price ฿13.09
GF Value ฿12.82
! 6 Warning Signs
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What is Tipco Asphalt PCL Intrinsic Value: Projected FCF?

Tipco Asphalt PCL BKK:TASCO-R 79 Intrinsic Value: Projected FCF is ฿19.43 as of Jul. 29, 2026, which is 100% below its 10-year median of 0.82. GuruFocus rates BKK:TASCO-R with a GF Score™ of 79/100 and a GF Value™ of ฿12.82. The stock has 6 warning signs investors should review. Among 310 Building Materials companies, Tipco Asphalt PCL ranks better than 60.97% 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.

As of today (2026-07-29), Tipco Asphalt PCL's Intrinsic Value: Projected FCF is ฿19.43. The stock price of Tipco Asphalt PCL is ฿13.0883. Therefore, Tipco Asphalt PCL's Price-to-Intrinsic-Value-Projected-FCF of today is 0.7.

The historical rank and industry rank for Tipco Asphalt PCL's Intrinsic Value: Projected FCF or its related term are showing as below:

BKK:TASCO-R' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.58   Med: 0.82   Max: 1.15
Current: 0.67

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Tipco Asphalt PCL was 1.15. The lowest was 0.58. And the median was 0.82.

BKK:TASCO-R's Price-to-Projected-FCF is ranked better than
60.97% of 310 companies
in the Building Materials industry
Industry Median: 0.805 vs BKK:TASCO-R: 0.67

Tipco Asphalt PCL  (BKK:TASCO-R) Intrinsic Value: Projected FCF Explanation

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.

Tipco Asphalt 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
=13.0883/20.777786089968
=0.63

* 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.


Tipco Asphalt PCL Intrinsic Value: Projected FCF Related Terms


Tipco Asphalt PCL Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Tipco Asphalt PCL's Intrinsic Value: Projected FCF can be seen below:

* 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.

Tipco Asphalt PCL Intrinsic Value: Projected FCF Chart

Tipco Asphalt PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.18 19.75 24.11 24.60 22.08

Tipco Asphalt PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.46 24.15 21.74 22.08 20.15

BKK:TASCO-R vs CRH, VMC, MLM: Intrinsic Value: Projected FCF Comparison

For the Building Materials subindustry, Tipco Asphalt 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.


Tipco Asphalt PCL Price-to-Projected-FCF vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Tipco Asphalt PCL's Price-to-Projected-FCF falls into.


BKK:TASCO-R
79GF Score
Tipco Asphalt PCL BKK:TASCO-R
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tipco Asphalt PCL Intrinsic Value: Projected FCF Calculation

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.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Tipco Asphalt PCL's Free Cash Flow(6 year avg) = ฿2,281.56.

Tipco Asphalt PCL's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*2281.56208+13991.204*0.8)/1584.107
=20.78

* 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 ฿19.43 mean?
Tipco Asphalt PCL (BKK:TASCO-R) has a Intrinsic Value: Projected FCF of ฿19.43 as of Jul. 29, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Tipco Asphalt PCL and its competitors. This is 2270% above median its historical median of 0.82. Over the past decade, Tipco Asphalt PCL's Intrinsic Value: Projected FCF has ranged from 0.58 to 1.15. According to the industry distribution chart, Tipco Asphalt PCL ranks #121 out of 310 companies in the Building Materials industry, placing it in the top 39%.
Is Tipco Asphalt PCL's Intrinsic Value: Projected FCF too high?
Tipco Asphalt PCL's current Intrinsic Value: Projected FCF of ฿19.43 is 2270% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.15. Based on the distribution chart, Tipco Asphalt PCL ranks #121 out of 310 companies in the Building Materials industry, which is above the industry midpoint. Overall, Tipco Asphalt PCL has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Tipco Asphalt PCL's Intrinsic Value: Projected FCF compare to CRH and VMC?
According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #121 out of 310 companies for Intrinsic Value: Projected FCF. This puts Tipco Asphalt PCL in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.81. Historically, Tipco Asphalt PCL's own Intrinsic Value: Projected FCF has ranged from 0.58 to 1.15 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 Building Materials company?
The median Intrinsic Value: Projected FCF among Building Materials companies is 0.81, based on 310 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 Tipco Asphalt PCL and its competitors. For the Building Materials industry, the median Intrinsic Value: Projected FCF is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tipco Asphalt PCL's current Intrinsic Value: Projected FCF is ฿19.43, which is 2270% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tipco Asphalt PCL stock overvalued right now?
Tipco Asphalt PCL (BKK:TASCO-R) has a current Intrinsic Value: Projected FCF of ฿19.43. The stock's GF Value™ is ฿12.82, compared to a current price of ฿13.09 — trading 2.1% above its estimated fair value. The current Intrinsic Value: Projected FCF is ฿19.43, which is 2270% above median its 10-year median of 0.82. Tipco Asphalt PCL's overall GF Score™ is 79/100 with 6 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 Tipco Asphalt PCL (BKK:TASCO-R), the current Intrinsic Value: Projected FCF is ฿19.43 as of Jul. 29, 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 Tipco Asphalt PCL (BKK:TASCO-R) Overvalued in 2026?

Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be overvalued. The current stock price of ฿13.09 is trading 2.1% above its estimated GF Value™ of ฿12.82.

Key valuation signals for BKK:TASCO-R:

  • Intrinsic Value: Projected FCF: ฿19.43 (2270% above median its 10-year median of 0.82)
  • GF Value™: ฿12.82 vs. price of ฿13.09 (2.1% above fair value)
  • GF Score™: 79/100 with 6 warning signs

No single metric tells the full story. See the BKK:TASCO-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tipco Asphalt PCL Business Description

Other Exchanges TASCO:ThailandNVP5:Germany
Address 118/1 Rama 6 Road, Tipco Tower 1, Phayathai Sub District, Phayathai District, Bangkok, THA, 10400
Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.
79GF Score

Get the complete analysis for BKK:TASCO-R

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿13.09
Price
฿12.82
GF Value