Valuation Thai Airways International

Stocks

End-of-day quote Thailand S.E. 2026-08-17			5-day change	1st Jan Change
6.000 ^THB	+1.69%		+1.69%	-13.67%

08-11	Thai Airways International Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
08-03	Krungsri Securities Upgrades Thai Airways to Buy from Neutral; Price Target is THB7.90	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2024	2025	2026	2027	2028
Market Cap ¹	7,247	196,708	169,820	-	-
Change	-	2,614.41%	-13.67%	-	-
Enterprise Value (EV) ¹	7,247	235,802	225,349	210,844	215,668
Change	-	3,153.87%	-4.43%	-6.44%	2.29%
P/E	-0.53x	6.38x	9.36x	7.38x	7.15x
PBR	-	2.59x	1.94x	1.55x	1.28x
PEG	-	-0x	-0.2x	0.3x	2.31x
Capitalization / Revenue	-	1.07x	0.88x	0.82x	0.77x
EV / Revenue	-	1.29x	1.17x	1.01x	0.98x
EV / EBITDA	-	4.12x	5.39x	4.15x	3.92x
EV / EBIT	-	5.65x	9.27x	6.24x	6.07x
EV / FCF	-	9.39x	16.1x	27.8x	18.3x
FCF Yield	-	10.6%	6.21%	3.59%	5.46%
Dividend per Share ²	-	0.21	0.1352	0.1948	0.2053
Rate of return	-	3.02%	2.25%	3.25%	3.42%
EPS ²	-6.26	1.09	0.641	0.8135	0.8387
Distribution rate	-	19.3%	21.1%	23.9%	24.5%
Net sales ¹	-	183,442	192,662	208,342	220,685
EBITDA ¹	-	57,259	41,834	50,821	55,024
EBIT ¹	-	41,740	24,309	33,782	35,535
Net income ¹	-26,934	30,910	18,048	23,165	23,686
Net Debt ¹	-	39,094	55,529	41,024	45,849
Reference price ²	3.320	6.950	6.000	6.000	6.000
Nbr of stocks (in thousands)	2,182,772	28,303,292	28,303,292	-	-
Announcement Date	2/25/25	2/27/26	-	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
THAI AIRWAYS INTERNATIONAL	9.26x	1.15x	5.33x	2.27%	5.04B
DELTA AIR LINES, INC.	13.92x	0.98x	7.51x	0.86%	58.44B
UNITED AIRLINES HOLDINGS, INC.	11.2x	0.86x	6.97x	-.--%	40.68B
RYANAIR HOLDINGS PLC	13.92x	1.41x	6.36x	1.8%	29.36B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	8.56x	0.83x	3.89x	2.1%	26.46B
INTERGLOBE AVIATION LIMITED	70.02x	2.39x	13.89x	0.06%	21.47B
SINGAPORE AIRLINES LIMITED	27.86x	1.13x	5.94x	3.57%	17.37B
AIR CHINA LIMITED	-11.69x	1.59x	11.76x	-.--%	16.16B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	-67.53x	1.53x	9.13x	-.--%	12B
CATHAY PACIFIC AIRWAYS LIMITED	8.55x	0.98x	4.82x	5.67%	11.43B
Average	8.41x	1.29x	7.56x	1.63%	23.84B
Weighted average by Cap.	12.74x	1.21x	7.53x	1.25%