Valuation Thai Airways International

Stocks

End-of-day quote Thailand S.E. Other stock markets 2026-06-26			5-day change	1st Jan Change
6.100 ^THB	0.00%		-3.94%	-12.23%

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	172,650	-	-
Change	-	2,614.41%	-12.23%	-	-
Enterprise Value (EV) ¹	7,247	235,802	218,506	220,116	228,338
Change	-	3,153.87%	-7.33%	0.74%	3.74%
P/E	-0.53x	6.38x	7.91x	7.18x	7.15x
PBR	-	2.59x	1.91x	1.51x	1.24x
PEG	-	-0x	-0.3x	0.7x	18.63x
Capitalization / Revenue	-	1.07x	0.9x	0.84x	0.79x
EV / Revenue	-	1.29x	1.13x	1.08x	1.04x
EV / EBITDA	-	4.12x	5.01x	4.32x	4.2x
EV / EBIT	-	5.65x	7.3x	6.24x	6.2x
EV / FCF	-	9.39x	16.3x	21.9x	19.4x
FCF Yield	-	10.6%	6.15%	4.57%	5.15%
Dividend per Share ²	-	0.21	0.1623	0.1968	0.2079
Rate of return	-	3.02%	2.66%	3.23%	3.41%
EPS ²	-6.26	1.09	0.7714	0.8495	0.8528
Distribution rate	-	19.3%	21%	23.2%	24.4%
Net sales ¹	-	183,442	192,874	204,324	219,111
EBITDA ¹	-	57,259	43,582	50,933	54,327
EBIT ¹	-	41,740	29,947	35,247	36,826
Net income ¹	-26,934	30,910	21,773	23,901	24,090
Net Debt ¹	-	39,094	45,856	47,465	55,687
Reference price ²	3.320	6.950	6.100	6.100	6.100
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	7.91x	1.13x	5.01x	2.66%	5.18B
DELTA AIR LINES, INC.	19.71x	1.06x	9.01x	0.85%	60.49B
UNITED AIRLINES HOLDINGS, INC.	13.89x	0.93x	7.92x	-.--%	44.18B
RYANAIR HOLDINGS PLC	14.27x	1.58x	7.08x	1.71%	32.54B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	9.56x	0.87x	4.22x	1.87%	28.3B
INTERGLOBE AVIATION LIMITED	-382.42x	2.81x	14.82x	0.18%	22.34B
SINGAPORE AIRLINES LIMITED	25.87x	1.26x	6.16x	3.51%	18.64B
LATAM AIRLINES GROUP S.A.	10.63x	1.29x	5.17x	2.8%	16.79B
AIR CHINA LIMITED	-15.06x	1.55x	10.25x	-.--%	14.49B
LUFTHANSA	9.51x	0.43x	4.22x	3.15%	13.4B
Average	-28.61x	1.29x	7.39x	1.67%	25.63B
Weighted average by Cap.	-21.03x	1.26x	7.83x	1.3%