Valuation: Thailand Future Fund

Market Cap 31.08B 923M 811M 754M 692M 1.3B 88.92B 1.32B 8.96B 3.5B 43.72B 3.47B 3.39B 151B P/E 2025 *
16x
P/E 2026 * 16.4x
Enterprise Value 30.54B 907M 797M 741M 680M 1.28B 87.39B 1.3B 8.8B 3.44B 42.96B 3.41B 3.33B 149B EV / Sales 2025 *
13.3x
EV / Sales 2026 * 13.3x
Free-Float
83.06%
Yield 2025 *
6.97%
Yield 2026 * 6.99%
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
24-05-16 Thailand Future Fund Approves Dividend for the Period from January 1, 2024 to March 31, 2024, Payable June 14, 2024 CI
1 day-0.73%
1 week+0.74%
Current month+1.49%
1 month+2.26%
3 months+4.62%
6 months+3.82%
Current year+8.80%
1 week 6.75
Extreme 6.75
6.9
1 month 6.7
Extreme 6.7
6.9
Current year 6.2
Extreme 6.2
6.95
1 year 5.8
Extreme 5.8
6.95
3 years 5.25
Extreme 5.25
7.6
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.($)
-0.73%+0.74%+14.29%-9.33% 925M
+0.64%+0.64%+18.67%+17.71% 11.57B
-0.67%+3.59%+3.24%+76.23% 4.18B
-2.56%-0.44%-21.38%-1.72% 938M
-0.27%-1.30% - - 685M
0.00%0.00%-46.95%-68.25% 137M
0.00%-0.53%+35.14%+102.70% 92.59M
-0.34%+0.69%+29.18% - 60.48M
Average -0.49%-0.54%+4.60%+19.56% 2.32B
Weighted average by Cap. +0.07%-0.76%+12.36%+28.76%

Financials

2025 *2026 *
Net sales 2.29B 68.05M 59.77M 55.59M 51.01M 95.84M 6.55B 97.31M 660M 258M 3.22B 255M 250M 11.14B 2.29B 68.12M 59.83M 55.64M 51.05M 95.93M 6.56B 97.41M 661M 258M 3.22B 256M 250M 11.15B
Net income 2.17B 64.51M 56.66M 52.69M 48.35M 90.85M 6.21B 92.25M 626M 244M 3.05B 242M 237M 10.56B 1.9B 56.3M 49.45M 45.99M 42.2M 79.29M 5.42B 80.52M 546M 213M 2.67B 211M 207M 9.22B
Net Debt -535M -15.9M -13.97M -12.99M -11.92M -22.39M -1.53B -22.74M -154M -60.25M -753M -59.69M -58.4M -2.6B -550M -16.36M -14.37M -13.36M -12.26M -23.03M -1.58B -23.39M -159M -61.98M -774M -61.4M -60.08M -2.68B
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
26-07-24 THB 6.800 -0.73% 2,720,186
26-07-23 THB 6.850 0.00% 2,658,827
26-07-22 THB 6.850 -0.72% 1,909,893
26-07-21 THB 6.900 +0.73% 2,581,074
26-07-20 THB 6.850 +1.48% 5,557,720
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
6.800THB
Average target price
7.250THB
Spread / Average Target
+6.62%

Annual profits - Rate of surprise

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