Valuation Thai Airways International

Stocks

End-of-day quote Thailand S.E. Other stock markets 2026-07-03			5-day change	1st Jan Change
6.350 ^THB	+0.79%		+4.10%	-8.63%

06-15	Thai Airways International Public Company Limited Appoints Vinit Visessuvanapoom as Director and the Chairman of the Nomination and Remuneration Committee, Effective 15 June 2026 Onwards	CI
06-11	Thai Airways Sees Travel Demand Moderating This Year	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2024	2025	2026	2027	2028
Market Cap ¹	7,247	196,708	179,726	-	-
Change	-	2,614.41%	-8.63%	-	-
Enterprise Value (EV) ¹	7,247	235,802	225,582	227,191	235,413
Change	-	3,153.87%	-4.33%	0.71%	3.62%
P/E	-0.53x	6.38x	8.51x	7.45x	7.38x
PBR	-	2.59x	1.99x	1.58x	1.3x
PEG	-	-0x	-0.3x	0.5x	8.18x
Capitalization / Revenue	-	1.07x	0.93x	0.87x	0.82x
EV / Revenue	-	1.29x	1.17x	1.1x	1.07x
EV / EBITDA	-	4.12x	5.32x	4.48x	4.3x
EV / EBIT	-	5.65x	7.86x	6.5x	6.34x
EV / FCF	-	9.39x	16.8x	22.6x	20x
FCF Yield	-	10.6%	5.95%	4.42%	5%
Dividend per Share ²	-	0.21	0.158	0.1982	0.2096
Rate of return	-	3.02%	2.49%	3.12%	3.3%
EPS ²	-6.26	1.09	0.7458	0.8525	0.8602
Distribution rate	-	19.3%	21.2%	23.2%	24.4%
Net sales ¹	-	183,442	193,494	205,643	220,340
EBITDA ¹	-	57,259	42,409	50,707	54,750
EBIT ¹	-	41,740	28,715	34,965	37,106
Net income ¹	-26,934	30,910	21,116	23,996	24,310
Net Debt ¹	-	39,094	45,856	47,465	55,687
Reference price ²	3.320	6.950	6.350	6.350	6.350
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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
THAI AIRWAYS INTERNATIONAL	8.45x	1.16x	5.29x	2.51%	5.37B
DELTA AIR LINES, INC.	18.73x	1.05x	8.92x	0.84%	60.61B
UNITED AIRLINES HOLDINGS, INC.	12.92x	0.92x	7.53x	-.--%	43.27B
RYANAIR HOLDINGS PLC	14.42x	1.61x	7.13x	1.7%	33.16B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	9.56x	0.87x	4.22x	1.87%	28.4B
INTERGLOBE AVIATION LIMITED	-382x	2.8x	14.8x	0.18%	22.11B
SINGAPORE AIRLINES LIMITED	26.04x	1.27x	6.2x	3.49%	18.79B
LATAM AIRLINES GROUP S.A.	12.01x	1.25x	5.07x	2.91%	16.2B
AIR CHINA LIMITED	-14.13x	1.53x	10.12x	-.--%	13.93B
LUFTHANSA	9.64x	0.43x	4.27x	3.12%	13.7B
Average	-28.44x	1.29x	7.35x	1.66%	25.56B
Weighted average by Cap.	-20.89x	1.26x	7.73x	1.3%