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End-of-day quote
Other stock markets
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5-day change | 1st Jan Change | ||
| 5.450 THB | -3.54% |
|
-7.63% | -21.58% |
Projected Income Statement: Thai Airways International
| Fiscal Period: December | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Net sales 1 | - | 183,442 | 194,453 | 208,342 | 220,685 |
| Change | - | - | 6% | 7.14% | 5.92% |
| EBITDA 1 | - | 57,259 | 41,753 | 50,821 | 55,024 |
| Change | - | - | -27.08% | 21.72% | 8.27% |
| EBIT 1 | - | 41,740 | 26,322 | 34,565 | 36,655 |
| Change | - | - | -36.94% | 31.32% | 6.05% |
| Interest Paid 1 | - | -13,154 | -11,254 | -11,874 | -11,509 |
| Earnings before Tax (EBT) 1 | - | 28,467 | 19,807 | 26,990 | 29,962 |
| Change | - | - | -30.42% | 36.27% | 11.01% |
| Net income 1 | -26,934 | 30,910 | 19,222 | 23,165 | 23,686 |
| Change | - | 214.76% | -37.81% | 20.51% | 2.25% |
| Announcement Date | 2/25/25 | 2/27/26 | - | - | - |
Forecast Balance Sheet: Thai Airways International
| Fiscal Period: December | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Net Debt 1 | - | 39,094 | 54,522 | 47,904 | 52,891 |
| Change | - | - | 39.46% | -12.14% | 10.41% |
| Announcement Date | 2/25/25 | 2/27/26 | - | - | - |
Cash Flow Forecast: Thai Airways International
| Fiscal Period: December | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| CAPEX 1 | 15,274 | 37,544 | 43,900 | 39,084 |
| Change | - | 145.81% | 16.93% | -10.97% |
| Free Cash Flow (FCF) 1 | 25,106 | 13,433 | 7,564 | 11,770 |
| Change | - | -46.49% | -43.69% | 55.61% |
| Announcement Date | 2/27/26 | - | - | - |
Forecast Financial Ratios: Thai Airways International
| Fiscal Period: December | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
Profitability | |||||
| EBITDA Margin (%) | - | 31.21% | 21.47% | 24.39% | 24.93% |
| EBIT Margin (%) | - | 22.75% | 13.54% | 16.59% | 16.61% |
| EBT Margin (%) | - | 15.52% | 10.19% | 12.95% | 13.58% |
| Net margin (%) | - | 16.85% | 9.89% | 11.12% | 10.73% |
| FCF margin (%) | - | 13.69% | 6.91% | 3.63% | 5.33% |
| FCF / Net Income (%) | - | 81.22% | 69.88% | 32.65% | 49.69% |
Profitability | |||||
| ROA | - | 10.36% | 6.99% | 7.95% | 7.61% |
| ROE | - | 50.95% | 22.35% | 23.64% | 19.84% |
Financial Health | |||||
| Leverage (Debt/EBITDA) | - | 0.68x | 1.31x | 0.94x | 0.96x |
| Debt / Free cash flow | - | 1.56x | 4.06x | 6.33x | 4.49x |
Capital Intensity | |||||
| CAPEX / Current Assets (%) | - | 8.33% | 19.31% | 21.07% | 17.71% |
| CAPEX / EBITDA (%) | - | 26.67% | 89.92% | 86.38% | 71.03% |
| CAPEX / FCF (%) | - | 60.84% | 279.49% | 580.41% | 332.07% |
Items per share | |||||
| Cash flow per share 1 | - | 1.427 | 1.264 | 1.393 | 1.502 |
| Change | - | - | -11.4% | 10.17% | 7.84% |
| Dividend per Share 1 | - | 0.21 | 0.1594 | 0.1956 | 0.2053 |
| Change | - | - | -24.09% | 22.69% | 4.96% |
| Book Value Per Share 1 | - | 2.679 | 3.084 | 3.806 | 4.56 |
| Change | - | - | 15.12% | 23.38% | 19.84% |
| EPS 1 | -6.26 | 1.09 | 0.6828 | 0.8135 | 0.8387 |
| Change | - | 117.41% | -37.36% | 19.15% | 3.1% |
| Nbr of stocks (in thousands) | 2,182,772 | 28,303,292 | 28,303,292 | 28,303,292 | 28,303,292 |
| Announcement Date | 2/25/25 | 2/27/26 | - | - | - |
| 2026 * | 2027 * | |
|---|---|---|
| P/E | 7.98x | 6.7x |
| PBR | 1.77x | 1.43x |
| EV / Sales | 1.07x | 0.97x |
| Yield | 2.93% | 3.59% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
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Quarterly revenue - Rate of surprise
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