Company Valuation: Asia Aviation

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 10,794 - -
Change - 48.35% -31.3% 38.69% -59.42% -25% - -
Enterprise Value (EV) 1 64,871 80,180 67,349 43,299 22,285 11,399 11,074 9,915
Change - 23.6% -16% -35.71% -48.53% -48.85% -2.85% -10.47%
P/E -1.98x -4.42x 52.5x 10.2x 6.16x -5.02x 12.2x 6.76x
PBR 1.24x 4.68x 2.91x 3.12x 1.06x 0.92x 0.87x 0.76x
PEG - 0.1x -0x 0x -0.2x 0x -0x 0.1x
Capitalization / Revenue 6.55x 2.12x 0.62x 0.72x 0.31x 0.22x 0.21x 0.2x
EV / Revenue 16.9x 4.57x 1.63x 0.88x 0.49x 0.23x 0.22x 0.19x
EV / EBITDA -8.44x -88.9x 10.4x 4.01x 2.17x 1.78x 1.25x 1.24x
EV / EBIT -5.47x -9.46x 46x 6.47x 4.15x 27.1x 3.55x 2.68x
EV / FCF -14.6x -2,473x 11.3x 6.11x 2.43x 2.57x 2.18x 2.22x
FCF Yield -6.85% -0.04% 8.82% 16.4% 41.2% 38.9% 46% 45%
Dividend per Share 2 - - - - - - 0.0133 0.025
Rate of return - - - - - - 1.59% 2.98%
EPS 2 -1.283 -0.6921 0.0379 0.2707 0.1818 -0.1674 0.0687 0.1243
Distribution rate - - - - - - 19.4% 20.1%
Net sales 1 3,828 17,553 41,241 49,436 45,691 48,513 51,097 53,433
EBITDA 1 -7,685 -901.6 6,456 10,797 10,250 6,416 8,868 8,001
EBIT 1 -11,851 -8,476 1,463 6,697 5,368 420.5 3,123 3,699
Net income 1 -6,647 -8,030 465.8 3,478 2,336 -2,201 879.7 1,581
Net Debt 1 39,780 42,957 41,777 7,833 7,893 605 280 -879
Reference price 2 2.5400 3.0600 1.9900 2.7600 1.1200 0.8400 0.8400 0.8400
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 2/24/22 2/24/23 2/22/24 2/25/25 2/24/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-5.08x0.24x1.8x-.--% 327M
13.44x0.94x7.46x0.89% 55.56B
10.68x0.81x6.86x-.--% 37B
13.64x1.36x6.22x1.86% 27.76B
8.31x0.81x3.87x2.15% 25.43B
65.14x2.25x13.06x0.07% 19.93B
28.27x1.08x5.76x3.73% 16.4B
11.59x1.18x4.88x - 14.97B
-11.9x1.58x10.34x-.--% 11.49B
8.28x0.39x3.81x3.75% 10.46B
Average 14.24x 1.06x 6.41x 1.38% 21.93B
Weighted average by Cap. 16.49x 1.11x 6.96x 1.26%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. AAV Stock
  4. Valuation Asia Aviation