Valuation Airports of Thailand

Stocks

End-of-day quote Thailand S.E. 2026-10-15			5-day change	1st Jan Change
58.25 ^THB	+1.30%		0.00%	+9.91%

08-12	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	832,142	-	-
Change	-	18.85%	-3.79%	-8.24%	-36.72%	43.83%	-	-
Enterprise Value (EV) ¹	918,358	1,093,448	1,044,493	949,973	609,360	852,246	857,238	860,696
Change	-	19.07%	-4.48%	-9.05%	-35.86%	39.86%	0.59%	0.4%
P/E	-53.5x	-92.9x	113x	47.8x	31.9x	42.2x	27.9x	25.3x
PBR	7.76x	10.2x	8.88x	7.23x	4.42x	5.97x	5.28x	4.86x
PEG	-	2.9x	-1x	0x	-6.11x	4.89x	0.5x	2.4x
Capitalization / Revenue	123x	62.5x	20.7x	13.6x	8.68x	12x	10x	9.41x
EV / Revenue	130x	66x	21.7x	14.2x	9.14x	12.3x	10.3x	9.73x
EV / EBITDA	-98.8x	-546x	45.3x	24.5x	16.1x	21.7x	16.5x	15.3x
EV / EBIT	-50.1x	-100x	73.6x	34.8x	23.6x	31.7x	21.8x	20.1x
EV / FCF	-45.1x	-114x	-221x	33.9x	30.7x	34.3x	27.8x	26.3x
FCF Yield	-2.22%	-0.87%	-0.45%	2.95%	3.26%	2.91%	3.6%	3.8%
Dividend per Share ²	-	-	-	-	-	0.8308	1.15	1.32
Rate of return	-	-	-	-	-	1.43%	1.97%	2.27%
EPS ²	-1.14	-0.78	0.62	1.34	1.27	1.379	2.085	2.301
Distribution rate	-	-	-	-	-	60.2%	55.1%	57.4%
Net sales ¹	7,086	16,560	48,141	67,121	66,679	69,298	83,102	88,429
EBITDA ¹	-9,297	-2,002	23,068	38,707	37,901	39,213	52,111	56,209
EBIT ¹	-18,325	-10,934	14,197	27,303	25,859	26,899	39,338	42,889
Net income ¹	-16,322	-11,088	8,791	19,182	18,125	19,830	29,818	32,740
Net Debt ¹	46,931	57,734	48,065	35,688	30,789	20,104	25,096	28,554
Reference price ²	61.00	72.50	69.75	64.00	40.50	58.25	58.25	58.25
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	11/22/21	11/21/22	11/20/23	11/21/24	11/21/25	-	-	-

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	42.23x	12.3x	21.73x	1.43%	24.9B
AENA S.M.E., S.A.	16.49x	6.4x	10.84x	4.71%	43.37B
CHINA TOURISM GROUP DUTY FREE CORPORATION LIMITED	22.18x	1.23x	9.3x	2.09%	15.05B
GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V.	18.03x	5.94x	11.35x	5.26%	12.12B
AÉROPORTS DE PARIS	17.97x	2.85x	8.49x	3.65%	12.08B
GMR AIRPORTS LIMITED	141.92x	8.03x	19.95x	-.--%	9.96B
SHANGHAI INTERNATIONAL AIRPORT CO., LTD.	22.34x	2.92x	6.72x	2.28%	8.71B
AUCKLAND INTERNATIONAL AIRPORT LIMITED	43.92x	16.1x	22.7x	1.68%	7.86B
FLUGHAFEN ZÜRICH AG	18.59x	5.36x	9.71x	4.05%	7.22B
GRUPO AEROPORTUARIO DEL SURESTE, S. A. B. DE C. V.	12.52x	3.72x	7.2x	7.05%	7.19B
Average	35.62x	6.49x	12.80x	3.22%	14.85B
Weighted average by Cap.	31.75x	6.78x	13.13x	3.32%