Valuation: Thailand Future Fund

Market Cap 32.22B 965M 848M 800M 729M 1.36B 92.5B 1.37B 9.58B 3.71B 47.29B 3.62B 3.55B 154B P/E 2025 *
16.6x
P/E 2026 * 16.2x
Enterprise Value 31.68B 949M 834M 786M 717M 1.34B 90.96B 1.35B 9.42B 3.64B 46.5B 3.56B 3.49B 151B EV / Sales 2025 *
13.8x
EV / Sales 2026 * 13.8x
Free-Float
83.06%
Yield 2025 *
6.72%
Yield 2026 * 6.74%
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+0.71%
Current month+0.71%
1 month-1.40%
3 months+6.02%
6 months+9.30%
Current year+12.80%
1 week 7
Extreme 7
7.15
1 month 6.85
Extreme 6.85
7.15
Current year 6.2
Extreme 6.2
7.2
1 year 6
Extreme 6
7.2
3 years 5.25
Extreme 5.25
7.25
5 years 5.25
Extreme 5.25
8.5
10 years 5.25
Extreme 5.25
13.4
Change 5-day change 1-year change 3-year change Capi.($)
+0.71%0.00%+14.63%-2.76% 955M
+1.45%+1.02%+22.19%+24.41% 11.45B
+0.71%-3.66%+17.82%+40.13% 3.75B
0.00%-0.83%-16.49%-2.46% 963M
-0.10%+1.23% - - 744M
+1.34%+0.67%+16.38%+62.37% 73.17M
+1.79%+4.78%+16.33% - 57.14M
Average +0.84%-0.15%+11.81%+24.34% 2.57B
Weighted average by Cap. +1.12%-0.85%+18.62%+24.99%

Financials

2025 *2026 *
Net sales 2.29B 68.64M 60.31M 56.85M 51.82M 97.01M 6.58B 97.72M 681M 263M 3.36B 258M 252M 10.92B 2.3B 69.02M 60.64M 57.17M 52.1M 97.55M 6.61B 98.26M 685M 265M 3.38B 259M 253M 10.98B
Net income 2.17B 65.06M 57.17M 53.89M 49.12M 91.96M 6.23B 92.64M 646M 250M 3.19B 244M 239M 10.35B 1.99B 59.65M 52.41M 49.41M 45.03M 84.31M 5.71B 84.93M 592M 229M 2.92B 224M 219M 9.49B
Net Debt -535M -16.04M -14.09M -13.28M -12.11M -22.67M -1.54B -22.83M -159M -61.55M -785M -60.21M -58.9M -2.55B -550M -16.5M -14.49M -13.66M -12.45M -23.32M -1.58B -23.49M -164M -63.32M -808M -61.93M -60.59M -2.62B
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
-
Date Price Change Volume
26-09-25 THB 7.050 +0.71% 478,966
26-09-24 THB 7.000 -1.41% 2,077,867
26-09-23 THB 7.100 0.00% 591,159
26-09-22 THB 7.100 0.00% 663,242
26-09-21 THB 7.100 -0.70% 1,949,547
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
7.050THB
Average target price
7.433THB
Spread / Average Target
+5.44%

Annual profits - Rate of surprise

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