Valuation Asia Aviation

Stocks

End-of-day quote Thailand S.E. Other stock markets 12/06/2026			5-day change	1st Jan Change
1.080 ^THB	+2.86%		0.00%	-3.57%

05-14	Asia Aviation Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
02-25	Krungsri Securities Upgrades Asia Aviation to Neutral from Reduce, Price Target is THB1.41	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	25,092	37,223	25,571	35,466	14,392	13,878	-	-
Change	-	48.35%	-31.3%	38.69%	-59.42%	-3.57%	-	-
Enterprise Value (EV) ¹	64,871	80,180	67,349	43,299	22,285	11,113	10,204	9,269
Change	-	23.6%	-16%	-35.71%	-48.53%	-50.13%	-8.18%	-9.16%
P/E Ratio	-1.98x	-4.42x	52.5x	10.2x	6.16x	14x	10.3x	9.26x
PBR	1.24x	4.68x	2.91x	3.12x	1.06x	0.97x	0.91x	0.96x
PEG	-	0.1x	-0x	0x	-0.2x	-0.2x	0.3x	0.8x
Capitalization / Revenue	6.55x	2.12x	0.62x	0.72x	0.31x	0.28x	0.27x	0.25x
EV / Revenue	16.9x	4.57x	1.63x	0.88x	0.49x	0.23x	0.2x	0.17x
EV / EBITDA	-8.44x	-88.9x	10.4x	4.01x	2.17x	1.27x	1.08x	1.21x
EV / EBIT	-5.47x	-9.46x	46x	6.47x	4.15x	4.01x	2.82x	2.26x
EV / FCF	-14.6x	-2,473x	11.3x	6.11x	2.43x	-4.81x	1.54x	1.76x
FCF Yield	-6.85%	-0.04%	8.82%	16.4%	41.2%	-20.8%	64.9%	57%
Dividend per Share ²	-	-	-	-	-	-	0.0167	0.07
Rate of return	-	-	-	-	-	-	1.54%	6.48%
EPS ²	-1.283	-0.6921	0.0379	0.2707	0.1818	0.077	0.1047	0.1167
Distribution rate	-	-	-	-	-	-	15.9%	60%
Net sales ¹	3,828	17,553	41,241	49,436	45,691	48,763	52,048	55,341
EBITDA ¹	-7,685	-901.6	6,456	10,797	10,250	8,756	9,413	7,629
EBIT ¹	-11,851	-8,476	1,463	6,697	5,368	2,774	3,622	4,107
Net income ¹	-6,647	-8,030	465.8	3,478	2,336	970	1,359	1,516
Net Debt ¹	39,780	42,957	41,777	7,833	7,893	-2,765	-3,674	-4,609
Reference price ²	2.540	3.060	1.990	2.760	1.120	1.080	1.080	1.080
Nbr of stocks (in thousands)	9,878,571	12,164,286	12,850,000	12,850,000	12,850,000	12,850,000	-	-
Announcement Date	24/02/22	24/02/23	22/02/24	25/02/25	24/02/26	-	-	-

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.($)
ASIA AVIATION	13.65x	0.22x	1.23x	-.--%	409M
DELTA AIR LINES, INC.	17.42x	0.97x	8.39x	0.94%	53.47B
UNITED AIRLINES HOLDINGS, INC.	11.49x	0.8x	7.02x	-.--%	36.55B
RYANAIR HOLDINGS PLC	11.69x	1.49x	6.14x	1.93%	29.08B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	8.4x	0.77x	3.73x	2.21%	24.25B
INTERGLOBE AVIATION LIMITED	-315.93x	2.38x	12.55x	0.22%	18.18B
SINGAPORE AIRLINES LIMITED	24.56x	1.15x	5.68x	3.85%	16.87B
LATAM AIRLINES GROUP S.A.	9.27x	1.15x	4.73x	3.22%	14.63B
AIR CHINA LIMITED	-18.52x	1.54x	10.11x	-.--%	13.59B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	-105.02x	1.51x	8.71x	-.--%	12.01B
Average	-34.30x	1.20x	6.83x	1.24%	21.91B
Weighted average by Cap.	-21.94x	1.19x	7.35x	1.26%