Valuation Airports of Thailand

Stocks

End-of-day quote Thailand S.E. 2026-08-20			5-day change	1st Jan Change
66.75 ^THB	+0.75%		+5.12%	+25.94%

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	953,570	-	-
Change	-	18.85%	-3.79%	-8.24%	-36.72%	64.81%	-	-
Enterprise Value (EV) ¹	918,358	1,093,448	1,044,493	949,973	609,360	978,313	978,902	982,465
Change	-	19.07%	-4.48%	-9.05%	-35.86%	60.55%	0.06%	0.36%
P/E	-53.5x	-92.9x	113x	47.8x	31.9x	48.7x	32.2x	29.2x
PBR	7.76x	10.2x	8.88x	7.23x	4.42x	6.87x	6.06x	5.58x
PEG	-	2.9x	-1x	0x	-6.11x	6.22x	0.6x	2.9x
Capitalization / Revenue	123x	62.5x	20.7x	13.6x	8.68x	14x	11.5x	10.8x
EV / Revenue	130x	66x	21.7x	14.2x	9.14x	14.3x	11.8x	11.1x
EV / EBITDA	-98.8x	-546x	45.3x	24.5x	16.1x	25.3x	18.8x	17.5x
EV / EBIT	-50.1x	-100x	73.6x	34.8x	23.6x	36.5x	25x	23x
EV / FCF	-45.1x	-114x	-221x	33.9x	30.7x	34.6x	31.9x	30.2x
FCF Yield	-2.22%	-0.87%	-0.45%	2.95%	3.26%	2.89%	3.13%	3.31%
Dividend per Share ²	-	-	-	-	-	0.769	1.145	1.314
Rate of return	-	-	-	-	-	1.15%	1.72%	1.97%
EPS ²	-1.14	-0.78	0.62	1.34	1.27	1.369	2.071	2.283
Distribution rate	-	-	-	-	-	56.2%	55.3%	57.6%
Net sales ¹	7,086	16,560	48,141	67,121	66,679	68,197	83,189	88,456
EBITDA ¹	-9,297	-2,002	23,068	38,707	37,901	38,688	52,037	56,115
EBIT ¹	-18,325	-10,934	14,197	27,303	25,859	26,798	39,229	42,737
Net income ¹	-16,322	-11,088	8,791	19,182	18,125	19,464	29,528	32,352
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	66.75	66.75	66.75
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	48.74x	14.35x	25.29x	1.15%	29.04B
FRAPORT AG	19.73x	3.14x	9.82x	1.6%	6.76B
FLUGHAFEN WIEN AG	22.36x	4.33x	10.94x	3.21%	5.11B
GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A.B. DE C.V.	13.24x	5.51x	8.48x	5.82%	4.91B
HAINAN AIRPORT INFRASTRUCTURE CO., LTD	143x	-	-	0.35%	4.86B
ATHENS INTERNATIONAL AIRPORT AE	16.02x	5.94x	9.84x	6.25%	3.88B
ENAV S.P.A.	25.63x	2.48x	9.82x	6.06%	3.14B
GUANGZHOU BAIYUN INTERNATIONAL AIRPORT COMPANY LIMITED	26.04x	1.46x	5.07x	1.92%	2.89B
SHENZHEN AIRPORT CO., LTD.	13.2x	2.38x	6.04x	3.84%	1.97B
Average	36.44x	4.95x	10.66x	3.36%	6.95B
Weighted average by Cap.	42.62x	9.13x	17.22x	2.36%