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Forth Smart Service Public Company Limited (FSMART.BK)
THB8.05
-0.05 (-0.62%)
TH SET Communication Services Telecommunications Services
Address
256 Phaholyothin Road 10400
Bangkok, TH
Bangkok, TH
CEO
Pongchai Amatanon
Website
boonterm.com
IPO
2014-10-14
ISIN TH5883010008
Description
Forth Smart Service Public Company Limited, alongside its associated companies, is a key provider of diverse top-up solutions for prepaid mobile phones throughout Thailand. The enterprise further extends its offerings to include facilitating access to other online services and leveraging its network of online top-up machines for advertising. It also provides comprehensive services related to the management and operation of these digital kiosks. Founded in 2008, the company is based in Bangkok, Thailand, and operates as a subsidiary of Forth Corporation Public Company Limited.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
THB8.05
-0.05 (-0.62%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.17
Float Shares
227.26M
Free Float %
30.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -4.55% | +0.00% | +9.70% | +2.08% | +9.70% | +13.08% | +6.52% | -27.94% | -7.55% | -50.00% | +44.12% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
8.05
DCF (Unlevered)
8.58
+6.6%
DCF (Levered)
5.29
-34.3%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
100% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
3.05
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Telecommunications Services: +7.0%-0.3% Q1'26: -9.8% (vs Q1'25)
-
EPS growth Telecommunications Services: +15.8%+36.8% ★ Q1'26: -10.0% (vs Q1'25)
-
FCF margin FCF growth · Telecommunications Services: +29.4%-6.9% Q1'26: +59.3% (vs Q1'25)
-
EBIT margin Telecommunications Services: +14.7%+10.7% Q1'26: +9.9% (vs Q1'25)
-
ROIC Telecommunications Services: +6.4%+8.2% ★ Q1'26: +7.9% (vs Q1'25)
-
Share dilution Telecommunications Services: +0.0%-0.3% ★ Q1'26: -1.4% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×2.16× ★ Q1'26: 2.81× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1.59B
est: 1.44B (+10.3%)
|
2.29B
est: 1.44B (+59.3%)
|
3.17B
est: 2.25B (+40.9%)
|
3.35B
est: 3.23B (+3.8%)
|
3.15B
est: 3.54B (-11.0%)
|
2.86B
est: 3.83B (-25.3%)
|
2.03B
est: 2.32B (-12.6%)
|
2.18B
est: 2.31B (-5.7%)
|
2.17B
est: 2.55B (-14.7%)
|
2.84B
2.84B – 2.84B
+11.2% YoY
|
2.72B
2.72B – 2.72B
-4.0% YoY
|
| EBITDA |
560.12M
est: 552.00M (+1.5%)
|
828.46M
est: 552.00M (+50.1%)
|
1.12B
est: 861.73M (+30.4%)
|
1.27B
est: 1.24B (+2.4%)
|
1.23B
est: 1.36B (-8.9%)
|
1.08B
est: 1.47B (-26.3%)
|
787.37M
est: 890.86M (-11.6%)
|
869.93M
est: 804.26M (+8.2%)
|
434.82M
est: 886.67M (-51.0%)
|
985.77M
985.77M – 985.77M
+11.2% YoY
|
946.13M
946.13M – 946.13M
-4.0% YoY
|
| EBIT |
353.36M
est: 280.33M (+26.1%)
|
509.60M
est: 280.33M (+81.8%)
|
664.23M
est: 437.63M (+51.8%)
|
720.04M
est: 628.31M (+14.6%)
|
702.29M
est: 688.37M (+2.0%)
|
543.81M
est: 745.41M (-27.0%)
|
374.46M
est: 452.42M (-17.2%)
|
562.30M
est: 411.99M (+36.5%)
|
233.26M
est: 454.20M (-48.6%)
|
504.97M
504.97M – 504.97M
+11.2% YoY
|
484.66M
484.66M – 484.66M
-4.0% YoY
|
| Net Income |
271.74M
est: 211.45M (+28.5%)
|
420.33M
est: 211.45M (+98.8%)
|
542.90M
est: 400.24M (+35.6%)
|
583.11M
est: 524.84M (+11.1%)
|
584.23M
est: 589.03M (-0.8%)
|
464.06M
est: 558.83M (-17.0%)
|
299.45M
est: 407.79M (-26.6%)
|
430.45M
est: 459.42M (-6.3%)
|
586.78M
est: 625.11M (-6.1%)
|
753.14M
753.14M – 753.14M
+20.5% YoY
|
692.89M
692.89M – 692.89M
-8.0% YoY
|
| SGA |
165.45M
est: 170.06M (-2.7%)
|
199.36M
est: 170.06M (+17.2%)
|
270.06M
est: 265.49M (+1.7%)
|
242.16M
est: 381.17M (-36.5%)
|
224.80M
est: 417.60M (-46.2%)
|
263.68M
est: 452.21M (-41.7%)
|
278.70M
est: 274.46M (+1.5%)
|
263.59M
est: 296.65M (-11.1%)
|
310.71M
est: 327.04M (-5.0%)
|
363.60M
363.60M – 363.60M
+11.2% YoY
|
348.97M
348.97M – 348.97M
-4.0% YoY
|
| EPS |
0.34
est: 0.28 (+21.4%)
|
0.53
est: 0.28 (+89.3%)
|
0.68
est: 0.53 (+28.3%)
|
0.74
est: 0.70 (+6.5%)
|
0.75
est: 0.78 (-3.8%)
|
0.61
est: 0.74 (-17.6%)
|
0.40
est: 0.54 (-25.9%)
|
0.57
est: 0.61 (-6.6%)
|
0.78
est: 0.83 (-6.0%)
|
1.00
1.00 – 1.00
+20.5% YoY
|
0.92
0.92 – 0.92
-8.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-28 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-27 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-26 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-25 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-22 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-21 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-20 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-19 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-18 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-15 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-14 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-13 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-12 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-11 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-08 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-07 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-06 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-05 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-30 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-29 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-28 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-27 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-24 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-23 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-22 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-21 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-20 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-17 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-16 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 2/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
475.20M
OE per share TTM
0.63
Owner's Yield
8.58%
Maintenance CapEx ratio
33.27%
Maint CapEx / Avg PPE
42.3%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
This company is not held by any ETF in our universe.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
1.17M
Shares Outstanding
753.14M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Narongsak Lertsuptavee | MD & Executive Director | 214.0K | male |
| Rasinee Lerttripinyo | Assistant Managing Director & Executive Director | 154.0K | female |
| Juthamas Mungmart | Head of the Compliance Unit | — | female |
| Rungrawee Bangkul | Head of Investor Relations, Finance & Accounting Director and Company Secretary | — | female |
| Tnutpong Soisuwan | Assistant Director of Business Development & Marketing | — | male |
| Pongchai Amatanon | Chairman of Executive Director and Director | — | male |
| Ladawan Chaichanwong | Head of Investor Relations | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for FSMART.BK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
