Thai Solar Energy PCL (BKK:TSE-R) Intrinsic Value: Projected FCF: ฿-3.15 (As of Jul. 22, 2026)

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BKK:TSE-R Thai Solar Energy PCL BKK:TSE-R
41 GF Score
Price ฿0.61
GF Value ฿0.67
! 5 Warning Signs
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What is Thai Solar Energy PCL Intrinsic Value: Projected FCF?

Thai Solar Energy PCL BKK:TSE-R 41 Intrinsic Value: Projected FCF is ฿-3.15 as of Jul. 22, 2026. GuruFocus rates BKK:TSE-R with a GF Score™ of 41/100 and a GF Value™ of ฿0.67. The stock has 5 warning signs investors should review. Among 242 Utilities - Independent Power Producers companies, Thai Solar Energy PCL ranks worse than 413222.73% 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 (2026-07-22), Thai Solar Energy PCL's Intrinsic Value: Projected FCF is ฿-3.15. The stock price of Thai Solar Energy PCL is ฿0.60558. Therefore, Thai Solar Energy PCL's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

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

BKK:TSE-R's Price-to-Projected-FCF is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 0.815
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Thai Solar Energy PCL  (BKK:TSE-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.

Thai Solar Energy 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
=0.60558/-4.2126053979856
=

* 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.


Thai Solar Energy PCL Intrinsic Value: Projected FCF Related Terms


Thai Solar Energy PCL Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Thai Solar Energy 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.

Thai Solar Energy PCL Intrinsic Value: Projected FCF Chart

Thai Solar Energy 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 -7.69 -9.37 -13.56 -5.09 -3.72

Thai Solar Energy 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 -4.63 -3.77 -3.92 -3.72 -3.49

Thai Solar Energy PCL Intrinsic Value: Projected FCF Competitor Comparison

For the Utilities - Renewable subindustry, Thai Solar Energy 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.


Thai Solar Energy PCL Price-to-Projected-FCF vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Thai Solar Energy PCL's Price-to-Projected-FCF falls into.


BKK:TSE-R
41GF Score
Thai Solar Energy PCL BKK:TSE-R
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Solar Energy 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 Thai Solar Energy PCL's Free Cash Flow(6 year avg) = ฿-1,214.40.

Thai Solar Energy 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*-1214.40384+3087.815*0.8)/2158.118
=-4.21

* 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 ฿-3.15 mean?
Thai Solar Energy PCL (BKK:TSE-R) has a Intrinsic Value: Projected FCF of ฿-3.15 as of Jul. 22, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Thai Solar Energy PCL and its competitors. According to the industry distribution chart, Thai Solar Energy PCL ranks #999999 out of 242 companies in the Utilities - Independent Power Producers industry.
Is Thai Solar Energy PCL's Intrinsic Value: Projected FCF too high?
Thai Solar Energy PCL's current Intrinsic Value: Projected FCF is ฿-3.15. Based on the distribution chart, Thai Solar Energy PCL ranks #999999 out of 242 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Thai Solar Energy PCL has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's Intrinsic Value: Projected FCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Thai Solar Energy PCL ranks #999999 out of 242 companies for Intrinsic Value: Projected FCF. This places Thai Solar Energy PCL in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.82. 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 an Utilities - Independent Power Producers company?
The median Intrinsic Value: Projected FCF among Utilities - Independent Power Producers companies is 0.82, based on 242 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 Thai Solar Energy PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Intrinsic Value: Projected FCF is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Solar Energy PCL's current Intrinsic Value: Projected FCF is ฿-3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Thai Solar Energy PCL (BKK:TSE-R) has a current Intrinsic Value: Projected FCF of ฿-3.15. The stock's GF Value™ is ฿0.67, compared to a current price of ฿0.61 — trading 9.6% below its estimated fair value. The current Intrinsic Value: Projected FCF is ฿-3.15. Thai Solar Energy PCL's overall GF Score™ is 41/100 with 5 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 Thai Solar Energy PCL (BKK:TSE-R), the current Intrinsic Value: Projected FCF is ฿-3.15 as of Jul. 22, 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 Thai Solar Energy PCL (BKK:TSE-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be undervalued. The current stock price of ฿0.61 is trading 9.6% below its estimated GF Value™ of ฿0.67.

Key valuation signals for BKK:TSE-R:

  • Intrinsic Value: Projected FCF: ฿-3.15
  • GF Value™: ฿0.67 vs. price of ฿0.61 (9.6% below fair value)
  • GF Score™: 41/100 with 5 warning signs

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


Thai Solar Energy PCL Business Description

Other Exchanges TSE:Thailand
Address Sukhumvit Road, 19th Floor, 725 S-Metro Building, Klongton Nua, Wattana, Bangkok, THA, 10110
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
41GF Score

Get the complete analysis for BKK:TSE-R

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

฿0.61
Price
฿0.67
GF Value