Valuation Airports of Thailand

Stocks

End-of-day quote Thailand S.E. 28/08/2026			5-day change	1st Jan Change
63.25 ^THB	-2.69%		-5.60%	+19.34%

08-13	Airports of Thailand Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2026	CI
07-06	Airports of Thailand Public Company Limited Announces Retirement of Police General Wanoo Mekmok as Independent Director, Effective July 8, 2026	CI

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	903,571	-	-
Change	-	18.85%	-3.79%	-8.24%	-36.72%	56.17%	-	-
Enterprise Value (EV) ¹	918,358	1,093,448	1,044,493	949,973	609,360	928,313	928,902	932,465
Change	-	19.07%	-4.48%	-9.05%	-35.86%	52.34%	0.06%	0.38%
P/E	-53.5x	-92.9x	113x	47.8x	31.9x	46.4x	30.4x	27.5x
PBR	7.76x	10.2x	8.88x	7.23x	4.42x	6.51x	5.74x	5.28x
PEG	-	2.9x	-1x	0x	-6.11x	6.34x	0.6x	2.6x
Capitalization / Revenue	123x	62.5x	20.7x	13.6x	8.68x	13.3x	10.9x	10.2x
EV / Revenue	130x	66x	21.7x	14.2x	9.14x	13.6x	11.2x	10.5x
EV / EBITDA	-98.8x	-546x	45.3x	24.5x	16.1x	24x	17.8x	16.6x
EV / EBIT	-50.1x	-100x	73.6x	34.8x	23.6x	34.8x	23.6x	21.7x
EV / FCF	-45.1x	-114x	-221x	33.9x	30.7x	35.4x	30.3x	28.7x
FCF Yield	-2.22%	-0.87%	-0.45%	2.95%	3.26%	2.83%	3.3%	3.49%
Dividend per Share ²	-	-	-	-	-	0.7841	1.15	1.318
Rate of return	-	-	-	-	-	1.24%	1.82%	2.08%
EPS ²	-1.14	-0.78	0.62	1.34	1.27	1.363	2.078	2.299
Distribution rate	-	-	-	-	-	57.5%	55.3%	57.3%
Net sales ¹	7,086	16,560	48,141	67,121	66,679	68,122	83,132	88,465
EBITDA ¹	-9,297	-2,002	23,068	38,707	37,901	38,663	52,047	56,251
EBIT ¹	-18,325	-10,934	14,197	27,303	25,859	26,658	39,293	42,926
Net income ¹	-16,322	-11,088	8,791	19,182	18,125	19,316	29,628	32,601
Net Debt ¹	46,931	57,734	48,065	35,688	30,789	24,743	25,331	28,894
Reference price ²	61.00	72.50	69.75	64.00	40.50	63.25	63.25	63.25
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.($)
AIRPORTS OF THAILAND	46.41x	13.63x	24.01x	1.24%	27.32B
FRAPORT AG	20.09x	3.16x	9.89x	1.57%	6.84B
FLUGHAFEN WIEN AG	22.49x	4.37x	10.97x	3.14%	5.16B
GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A.B. DE C.V.	13.36x	5.44x	8.39x	5.87%	4.85B
HAINAN AIRPORT INFRASTRUCTURE CO., LTD	142x	-	-	0.35%	4.82B
ATHENS INTERNATIONAL AIRPORT AE	16x	5.94x	9.83x	6.26%	3.85B
ENAV S.P.A.	25.96x	2.52x	9.95x	5.99%	3.16B
GUANGZHOU BAIYUN INTERNATIONAL AIRPORT COMPANY LIMITED	25.82x	1.55x	5.19x	1.94%	2.98B
SHENZHEN AIRPORT CO., LTD.	13.65x	2.35x	5x	3.89%	2B
Average	36.20x	4.87x	10.40x	3.36%	6.78B
Weighted average by Cap.	41.31x	8.60x	16.31x	2.42%