Valuation Airports of Thailand Deutsche Boerse AG

Stocks

Market Closed - Deutsche Boerse AG 11:07:51 27/10/2026 +04			5-day change	1st Jan Change
1.570 ^EUR	0.00%		+5.37%	+12.95%

10-21	Airports of Thailand Public Company Limited Announces Appointment of Somchai Pongpattanasin as Director, Effective October 21, 2026	CI
10-09	CLSA Upgrades Airports of Thailand to Accumulate from Hold; Price Target is THB70	MT

Data adjusted to current consolidation scope

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	871,428	1,035,713	996,428	914,285	578,571	874,999	-	-
Change	-	18.85%	-3.79%	-8.24%	-36.72%	51.23%	-	-
Enterprise Value (EV) ¹	918,358	1,093,448	1,044,493	949,973	609,360	894,916	900,046	903,189
Change	-	19.07%	-4.48%	-9.05%	-35.86%	46.86%	0.57%	0.35%
P/E	-53.5x	-92.9x	113x	47.8x	31.9x	44.7x	29.5x	26.6x
PBR	7.76x	10.2x	8.88x	7.23x	4.42x	6.27x	5.56x	5.11x
PEG	-	2.9x	-1x	0x	-6.11x	5.71x	0.6x	2.5x
Capitalization / Revenue	123x	62.5x	20.7x	13.6x	8.68x	12.7x	10.6x	9.91x
EV / Revenue	130x	66x	21.7x	14.2x	9.14x	13x	10.9x	10.2x
EV / EBITDA	-98.8x	-546x	45.3x	24.5x	16.1x	22.9x	17.3x	16.1x
EV / EBIT	-50.1x	-100x	73.6x	34.8x	23.6x	33.5x	23x	21x
EV / FCF	-45.1x	-114x	-221x	33.9x	30.7x	36.3x	29.3x	29.1x
FCF Yield	-2.22%	-0.87%	-0.45%	2.95%	3.26%	2.76%	3.41%	3.44%
Dividend per Share ²	-	-	-	-	-	0.826	1.148	1.322
Rate of return	-	-	-	-	-	1.35%	1.87%	2.16%
EPS ²	-1.14	-0.78	0.62	1.34	1.27	1.369	2.077	2.299
Distribution rate	-	-	-	-	-	60.3%	55.3%	57.5%
Net sales ¹	7,086	16,560	48,141	67,121	66,679	69,005	82,838	88,328
EBITDA ¹	-9,297	-2,002	23,068	38,707	37,901	39,020	51,887	56,069
EBIT ¹	-18,325	-10,934	14,197	27,303	25,859	26,722	39,198	42,944
Net income ¹	-16,322	-11,088	8,791	19,182	18,125	19,756	29,689	32,723
Net Debt ¹	46,931	57,734	48,065	35,688	30,789	19,917	25,047	28,190
Reference price ²	61.00	72.50	69.75	64.00	40.50	61.25	61.25	61.25
Nbr of stocks (in thousands)	14,285,700	14,285,700	14,285,700	14,285,700	14,285,700	14,285,700	-	-
Announcement Date	22/11/21	21/11/22	20/11/23	21/11/24	21/11/25	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
AENA S.M.E., S.A.	17.04x	6.6x	11.17x	4.55%	45.13B
AIRPORTS OF THAILAND	44.72x	12.97x	22.93x	1.35%	25.9B
CHINA TOURISM GROUP DUTY FREE CORPORATION LIMITED	22.91x	1.29x	9.73x	2.03%	15.37B
GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V.	19.98x	6.54x	12.41x	2.43%	13.35B
AÉROPORTS DE PARIS	17.79x	2.86x	8.45x	3.62%	12.31B
GMR AIRPORTS LIMITED	160.46x	8.06x	20.13x	-.--%	9.95B
SHANGHAI INTERNATIONAL AIRPORT CO., LTD.	22.6x	2.97x	6.83x	2.26%	8.89B
AUCKLAND INTERNATIONAL AIRPORT LIMITED	45.11x	16.44x	23.19x	1.64%	8.08B
GRUPO AEROPORTUARIO DEL SURESTE, S. A. B. DE C. V.	13.09x	4.18x	7.66x	6.42%	7.48B
Average	40.41x	6.88x	13.61x	2.7%	16.27B
Weighted average by Cap.	34.31x	7.15x	13.81x	2.93%