What is the intrinsic value of IRCP.BK?

As of 2025-07-15, the Intrinsic Value of International Research Corporation PCL (IRCP.BK) is 0.55 THB. This IRCP.BK valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 0.36 THB, the upside of International Research Corporation PCL is 53.80%.

The range of the Intrinsic Value is 0.48 - 0.67 THB

Is IRCP.BK undervalued or overvalued?

Based on its market price of 0.36 THB and our intrinsic valuation, International Research Corporation PCL (IRCP.BK) is undervalued by 53.80%.

	Range	Selected	Upside
a
DCF (Growth 5y)	0.48 - 0.67	0.55	53.8%
DCF (Growth 10y)	0.57 - 0.79	0.65	81.0%
DCF (EBITDA 5y)	0.61 - 0.92	0.74	104.4%
DCF (EBITDA 10y)	0.65 - 0.96	0.77	115.2%
Fair Value	0.36 - 0.36	0.36	1.33%
P/E	0.21 - 0.65	0.39	7.2%
EV/EBITDA	0.48 - 0.81	0.58	61.4%
EPV	1.03 - 1.42	1.23	240.5%
DDM - Stable	0.09 - 0.18	0.14	-62.4%
DDM - Multi	0.29 - 0.53	0.38	5.7%