Valuation: Thailand Future Fund

Market Cap 31.99B 949M 847M 778M 707M 1.33B 89.86B 1.35B 9.29B 3.74B 47.43B 3.56B 3.49B 150B P/E 2025 *
16.5x
P/E 2026 * 16.1x
Enterprise Value 31.45B 933M 833M 765M 696M 1.3B 88.35B 1.33B 9.13B 3.68B 46.63B 3.5B 3.43B 147B EV / Sales 2025 *
13.7x
EV / Sales 2026 * 13.7x
Free-Float
83.06%
Yield 2025 *
6.77%
Yield 2026 * 6.78%
08-14 Thailand Future Fund Announces Dividend for the Operation Period from April 1, 2026 to June 30, 2026, Payable on September 11, 2026 CI
05-15 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2026 to March 31, 2026, Payable on June 16, 2026 CI
03-12 Thailand Future Fund Announces Advisory Committee Changes, Effective March 12, 2026 CI
02-27 DBS Bank Downgrades Thailand Future Fund to Hold from Buy; Price Target is THB7 MT
02-17 Thailand Future Fund Approves 29th Dividend from October 1, 2025 to December 31, 2025, Payable on March 18, 2026 CI
02-02 Thailand Future Fund Announces Changes in Investment Advisory Committee Membership, Effective February 2, 2026 CI
11-27 Thailand Future Fund Approves 28Th Dividend from July 1, 2025 to September 30, 2025, Payable on December 25, 2025 CI
18/08/25 Thailand Future Fund Approves Dividend for the Period from April 1, 2025 to June 30, 2025, Payable September 15, 2025 CI
16/05/25 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2025 to March 31, 2025, Payable on June 16, 2025 CI
17/02/25 Thailand Future Fund Declares Dividend for Period During October 1, 2024 to December 31, 2024, Payable on March 17, 2025 CI
07/02/25 Thailand Future Fund Announces Investment Advisory Committee Member Changes CI
03/10/24 Investment: 5 markets that could benefit from the Chinese awakening Zonebourse
16/08/24 Thailand Future Fund Approves Dividend for the Period from April 1, 2024 to June 30, 2024, Payable September 13, 2024 CI
1 week+0.72%
1 month-1.41%
3 months+1.45%
6 months+6.87%
Current year+12.00%
1 week 6.95
Extreme 6.95
7.1
1 month 6.8
Extreme 6.8
7.1
Current year 6.2
Extreme 6.2
7.2
1 year 6
Extreme 6
7.2
3 years 5.25
Extreme 5.25
7.2
5 years 5.25
Extreme 5.25
8.5
10 years 5.25
Extreme 5.25
13.4
Change 5-day change 1-year change 3-year change Capi.($)
0.00%+0.72%+15.70%+15.70% 947M
+0.78%+0.03%-2.28%+16.28% 14.75B
+2.55%+3.87%+11.22%+13.02% 7.36B
+1.43%+4.21%-7.65%+33.78% 6.58B
+1.31%-0.40%-10.07%+17.24% 5.89B
+2.73%+4.70%+15.75%+37.30% 5.84B
+1.74%+3.25%-1.26%+5.99% 5.78B
+1.71%+2.19%-18.31%-33.11% 5.31B
+0.27%+3.31%-18.70%+1.08% 5.18B
+2.33%+4.30%+17.16%+30.03% 4.42B
Average +1.53%+1.55%+0.16%+13.73% 6.21B
Weighted average by Cap. +1.55%+1.46%-1.28%+14.33%

Financials

2025 *2026 *
Net sales 2.29B 67.96M 60.67M 55.67M 50.65M 94.95M 6.43B 96.84M 665M 268M 3.4B 255M 250M 10.73B 2.3B 68.33M 61.01M 55.98M 50.93M 95.48M 6.47B 97.38M 669M 270M 3.41B 256M 251M 10.78B
Net income 2.17B 64.42M 57.51M 52.78M 48.01M 90.01M 6.1B 91.81M 630M 254M 3.22B 242M 237M 10.17B 1.99B 59.06M 52.73M 48.39M 44.01M 82.52M 5.59B 84.17M 578M 233M 2.95B 222M 217M 9.32B
Net Debt -535M -15.88M -14.18M -13.01M -11.83M -22.19M -1.5B -22.63M -155M -62.63M -793M -59.59M -58.32M -2.51B -550M -16.33M -14.58M -13.38M -12.17M -22.82M -1.55B -23.28M -160M -64.43M -816M -61.3M -60M -2.58B
Projected Income Statement - Annual - Thailand Future Fund
Logo Thailand Future Fund
Thailand Future Fund (the Fund) is a Thailand-based closed-end non-redeemable mutual fund. The Fund's objective is to utilize the proceeds from the offering of investment units by investing in infrastructure businesses that have the potential to generate returns and create income for the Fund. Additionally, it aims to achieve continuous growth in investment returns to enable the Fund to distribute returns to unitholders. Investments may also include other securities and/or the utilization of benefits from other means, as prescribed by securities laws and/or other relevant regulations. The Company’s projects include the Chalongrat Expressway Project (Ram Intra-Achanong) and the Buraphawithi Expressway Project (Bangna-Chonburi). The Fund is jointly managed by Krungthai Asset Management Public Company Limited (KTAM) and MFC Asset Management Public Company Limited (MFC) (collectively known as the Management Companies). Kasikornbank Public Company Limited serves as the Fund’s supervisor.
Employees
-
Date Price Change Volume
02/11/26 THB 7.000 0.00% 722,254
30/10/26 THB 7.000 -0.71% 842,311
29/10/26 THB 7.050 +0.71% 2,916,086
28/10/26 THB 7.000 0.00% 1,587,385
27/10/26 THB 7.000 +0.72% 1,656,368
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
7.000THB
Average target price
7.433THB
Spread / Average Target
+6.19%

Annual profits - Rate of surprise

Rate of surprise - EPS - Annual - Thailand Future Fund
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