VGI PCL (BKK:VGI-R) Intrinsic Value: Projected FCF: ฿0.90 (As of Jul. 19, 2026) — 66% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
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:VGI-R VGI PCL BKK:VGI-R
67 GF Score
Price ฿0.83
GF Value ฿0.91
! 4 Warning Signs
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What is VGI PCL Intrinsic Value: Projected FCF?

VGI PCL BKK:VGI-R 67 Intrinsic Value: Projected FCF is ฿0.90 as of Jul. 19, 2026, which is 100% below its 10-year median of 2.66. GuruFocus rates BKK:VGI-R with a GF Score™ of 67/100 and a GF Value™ of ฿0.91. The stock has 4 warning signs investors should review. Among 423 Conglomerates companies, VGI PCL ranks worse than 54.85% 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 (2026-07-19), VGI PCL's Intrinsic Value: Projected FCF is ฿0.90. The stock price of VGI PCL is ฿0.83. Therefore, VGI PCL's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

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

BKK:VGI-R' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.83   Med: 2.66   Max: 6.14
Current: 0.92

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of VGI PCL was 6.14. The lowest was 0.83. And the median was 2.66.

BKK:VGI-R's Price-to-Projected-FCF is ranked worse than
54.85% of 423 companies
in the Conglomerates industry
Industry Median: 0.83 vs BKK:VGI-R: 0.92

VGI PCL  (BKK:VGI-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.

VGI 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
=0.83/1.1215986372641
=0.74

* 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.


VGI PCL Intrinsic Value: Projected FCF Related Terms


VGI PCL Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for VGI 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.

VGI PCL Intrinsic Value: Projected FCF Chart

VGI PCL Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.01 2.22 2.67 1.18 1.00

VGI 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 1.18 1.65 1.36 2.15 1.00

BKK:VGI-R vs HON, MMM: Intrinsic Value: Projected FCF Comparison

For the Conglomerates subindustry, VGI 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.


VGI PCL Price-to-Projected-FCF vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, VGI PCL's Price-to-Projected-FCF distribution charts can be found below:

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


BKK:VGI-R
67GF Score
VGI PCL BKK:VGI-R
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VGI 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 VGI PCL's Free Cash Flow(6 year avg) = ฿-464.48.

VGI 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*-464.48368+35099.91*0.8)/21093.000
=1.12

* 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 ฿0.90 mean?
VGI PCL (BKK:VGI-R) has a Intrinsic Value: Projected FCF of ฿0.90 as of Jul. 19, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on VGI PCL and its competitors. This is 66% below median its historical median of 2.66. Over the past decade, VGI PCL's Intrinsic Value: Projected FCF has ranged from 0.83 to 6.14. According to the industry distribution chart, VGI PCL ranks #232 out of 423 companies in the Conglomerates industry, placing it in the top 54.8%.
Is VGI PCL's Intrinsic Value: Projected FCF too high?
VGI PCL's current Intrinsic Value: Projected FCF of ฿0.90 is 66% below median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 6.14. Based on the distribution chart, VGI PCL ranks #232 out of 423 companies in the Conglomerates industry, which is below the industry midpoint. Overall, VGI PCL has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does VGI PCL's Intrinsic Value: Projected FCF compare to HON and MMM?
According to the Conglomerates industry distribution chart, VGI PCL ranks #232 out of 423 companies for Intrinsic Value: Projected FCF. This places VGI PCL in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.83. Historically, VGI PCL's own Intrinsic Value: Projected FCF has ranged from 0.83 to 6.14 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 Conglomerates company?
The median Intrinsic Value: Projected FCF among Conglomerates companies is 0.83, based on 423 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 VGI PCL and its competitors. For the Conglomerates industry, the median Intrinsic Value: Projected FCF is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VGI PCL's current Intrinsic Value: Projected FCF is ฿0.90, which is 66% below median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VGI PCL stock overvalued right now?
VGI PCL (BKK:VGI-R) has a current Intrinsic Value: Projected FCF of ฿0.90. The stock's GF Value™ is ฿0.91, compared to a current price of ฿0.83 — trading 8.8% below its estimated fair value. The current Intrinsic Value: Projected FCF is ฿0.90, which is 66% below median its 10-year median of 2.66. VGI PCL's overall GF Score™ is 67/100 with 4 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 VGI PCL (BKK:VGI-R), the current Intrinsic Value: Projected FCF is ฿0.90 as of Jul. 19, 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 VGI PCL (BKK:VGI-R) Overvalued in 2026?

Based on GuruFocus' analysis, VGI PCL stock appears to be undervalued. The current stock price of ฿0.83 is trading 8.8% below its estimated GF Value™ of ฿0.91.

Key valuation signals for BKK:VGI-R:

  • Intrinsic Value: Projected FCF: ฿0.90 (66% below median its 10-year median of 2.66)
  • GF Value™: ฿0.91 vs. price of ฿0.83 (8.8% below fair value)
  • GF Score™: 67/100 with 4 warning signs

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


VGI PCL Business Description

Other Exchanges VGI:Thailand
Address Phahonyothin Road, 1000/9, BTS Visionary Park - South Tower, 27th Floor, Chomphon Sub-district, Chatuchak District, Bangkok, THA, 10900
VGI PCL is principally engaged in the arrangement and provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, in office buildings, and other spaces and the rental at BTS stations.is organised into business units based on the services it provides, and there are four reportable segments as follows: the Transit segment, the Digital service segment, the Distribution segment, and the Other segment. The majority of the revenue is derived from the Transit segment, which provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, on BTS Column and the rental of retail space at BTS stations. Geographically, the company operates in Thailand.
67GF Score

Get the complete analysis for BKK:VGI-R

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

฿0.83
Price
฿0.91
GF Value