Valuation: Thailand Future Fund

Market Cap 32.45B 976M 852M 802M 730M 1.37B 93.55B 1.37B 9.61B 3.7B 47.71B 3.67B 3.59B 155B P/E 2025 *
16.7x
P/E 2026 * 16.3x
Enterprise Value 31.91B 960M 838M 788M 718M 1.35B 92B 1.35B 9.45B 3.64B 46.92B 3.61B 3.53B 153B EV / Sales 2025 *
13.9x
EV / Sales 2026 * 13.8x
Free-Float
83.06%
Yield 2025 *
6.68%
Yield 2026 * 6.69%
08-14 Thailand Future Fund Announces Dividend for the Operation Period from April 1, 2026 to June 30, 2026, Payable on September 11, 2026 CI
05-15 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2026 to March 31, 2026, Payable on June 16, 2026 CI
03-12 Thailand Future Fund Announces Advisory Committee Changes, Effective March 12, 2026 CI
02-27 DBS Bank Downgrades Thailand Future Fund to Hold from Buy; Price Target is THB7 MT
02-17 Thailand Future Fund Approves 29th Dividend from October 1, 2025 to December 31, 2025, Payable on March 18, 2026 CI
02-02 Thailand Future Fund Announces Changes in Investment Advisory Committee Membership, Effective February 2, 2026 CI
11-27 Thailand Future Fund Approves 28Th Dividend from July 1, 2025 to September 30, 2025, Payable on December 25, 2025 CI
25-08-18 Thailand Future Fund Approves Dividend for the Period from April 1, 2025 to June 30, 2025, Payable September 15, 2025 CI
25-05-16 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2025 to March 31, 2025, Payable on June 16, 2025 CI
25-02-17 Thailand Future Fund Declares Dividend for Period During October 1, 2024 to December 31, 2024, Payable on March 17, 2025 CI
25-02-07 Thailand Future Fund Announces Investment Advisory Committee Member Changes CI
24-10-03 Investment: 5 markets that could benefit from the Chinese awakening Zonebourse
24-08-16 Thailand Future Fund Approves Dividend for the Period from April 1, 2024 to June 30, 2024, Payable September 13, 2024 CI
1 day-0.67%
3 months-0.67%
6 months+8.03%
Current year+6.47%
Current year 6.75
Extreme 6.75
7.45
1 year 6.75
Extreme 6.75
7.45
3 years 5.05
Extreme 5.05
7.95
5 years 2.96
Extreme 2.96
8.5
10 years 2.96
Extreme 2.96
30
Change 5-day change 1-year change 3-year change Capi.($)
-0.67%-.--% - - 980M
+0.54%+0.76%+21.27%+18.33% 11.5B
-3.01%-1.84%+18.70%+39.93% 3.86B
-0.70%+1.43%+16.39%-1.39% 980M
+1.67%-0.81%-15.57%+0.41% 973M
+2.24%+2.55% - - 736M
+0.66%+5.52%+16.57%+67.67% 75.31M
-2.82%-6.76%+15.24% - 58.47M
Average -0.26%-0.17%+12.10%+24.99% 2.6B
Weighted average by Cap. -0.19%-0.81%+18.33%+21.23%

Financials

2025 *2026 *
Net sales 2.29B 68.92M 60.16M 56.59M 51.54M 96.68M 6.6B 96.78M 678M 261M 3.37B 259M 253M 10.97B 2.3B 69.31M 60.49M 56.9M 51.82M 97.21M 6.64B 97.32M 682M 263M 3.39B 260M 255M 11.03B
Net income 2.17B 65.34M 57.03M 53.64M 48.86M 91.65M 6.26B 91.74M 643M 248M 3.19B 245M 240M 10.4B 1.99B 59.9M 52.28M 49.18M 44.79M 84.02M 5.74B 84.11M 590M 227M 2.93B 225M 220M 9.53B
Net Debt -535M -16.1M -14.06M -13.22M -12.04M -22.59M -1.54B -22.61M -159M -61.05M -787M -60.49M -59.15M -2.56B -550M -16.57M -14.46M -13.6M -12.39M -23.24M -1.59B -23.26M -163M -62.8M -809M -62.23M -60.85M -2.64B
Logo Thailand Future Fund
Thailand Future Fund (the Fund) is a Thailand-based closed-end non-redeemable mutual fund. The Fund's objective is to utilize the proceeds from the offering of investment units by investing in infrastructure businesses that have the potential to generate returns and create income for the Fund. Additionally, it aims to achieve continuous growth in investment returns to enable the Fund to distribute returns to unitholders. Investments may also include other securities and/or the utilization of benefits from other means, as prescribed by securities laws and/or other relevant regulations. The Company’s projects include the Chalongrat Expressway Project (Ram Intra-Achanong) and the Buraphawithi Expressway Project (Bangna-Chonburi). The Fund is jointly managed by Krungthai Asset Management Public Company Limited (KTAM) and MFC Asset Management Public Company Limited (MFC) (collectively known as the Management Companies). Kasikornbank Public Company Limited serves as the Fund’s supervisor.
Employees
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
7.100THB
Average target price
7.433THB
Spread / Average Target
+4.69%

Annual profits - Rate of surprise

-40%: Exceptional extension
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