Valuation Airports of Thailand

Stocks

End-of-day quote Thailand S.E. 08/10/2026			5-day change	1st Jan Change
57.50 ^THB	-3.77%		-4.17%	+8.49%

08-13	Airports of Thailand Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2026	CI
07-06	Airports of Thailand Public Company Limited Announces Retirement of Police General Wanoo Mekmok as Independent Director, Effective July 8, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	871,428	1,035,713	996,428	914,285	578,571	821,428	-	-
Change	-	18.85%	-3.79%	-8.24%	-36.72%	41.98%	-	-
Enterprise Value (EV) ¹	918,358	1,093,448	1,044,493	949,973	609,360	841,532	846,523	849,982
Change	-	19.07%	-4.48%	-9.05%	-35.86%	38.1%	0.59%	0.41%
P/E	-53.5x	-92.9x	113x	47.8x	31.9x	41.7x	27.6x	25x
PBR	7.76x	10.2x	8.88x	7.23x	4.42x	5.89x	5.22x	4.8x
PEG	-	2.9x	-1x	0x	-6.11x	4.84x	0.5x	2.4x
Capitalization / Revenue	123x	62.5x	20.7x	13.6x	8.68x	11.9x	9.88x	9.29x
EV / Revenue	130x	66x	21.7x	14.2x	9.14x	12.1x	10.2x	9.61x
EV / EBITDA	-98.8x	-546x	45.3x	24.5x	16.1x	21.5x	16.2x	15.1x
EV / EBIT	-50.1x	-100x	73.6x	34.8x	23.6x	31.3x	21.5x	19.8x
EV / FCF	-45.1x	-114x	-221x	33.9x	30.7x	33.9x	27.4x	26x
FCF Yield	-2.22%	-0.87%	-0.45%	2.95%	3.26%	2.95%	3.65%	3.85%
Dividend per Share ²	-	-	-	-	-	0.8308	1.15	1.32
Rate of return	-	-	-	-	-	1.44%	2%	2.3%
EPS ²	-1.14	-0.78	0.62	1.34	1.27	1.379	2.085	2.301
Distribution rate	-	-	-	-	-	60.2%	55.1%	57.4%
Net sales ¹	7,086	16,560	48,141	67,121	66,679	69,298	83,102	88,429
EBITDA ¹	-9,297	-2,002	23,068	38,707	37,901	39,213	52,111	56,209
EBIT ¹	-18,325	-10,934	14,197	27,303	25,859	26,899	39,338	42,889
Net income ¹	-16,322	-11,088	8,791	19,182	18,125	19,830	29,818	32,740
Net Debt ¹	46,931	57,734	48,065	35,688	30,789	20,104	25,096	28,554
Reference price ²	61.00	72.50	69.75	64.00	40.50	57.50	57.50	57.50
Nbr of stocks (in thousands)	14,285,700	14,285,700	14,285,700	14,285,700	14,285,700	14,285,700	-	-
Announcement Date	11/22/21 A	11/21/22 A	11/20/23 A	11/21/24 A	11/21/25 A	-	-	-

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.($)
AIRPORTS OF THAILAND	43.31x	12.61x	22.28x	1.39%	25.35B
AENA S.M.E., S.A.	16.23x	6.32x	10.67x	4.77%	42.57B
CHINA TOURISM GROUP DUTY FREE CORPORATION LIMITED	23.19x	1.32x	9.94x	2%	15.7B
GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V.	17.34x	5.72x	10.96x	5.47%	11.96B
AÉROPORTS DE PARIS	17.27x	2.8x	8.31x	3.77%	11.65B
GMR AIRPORTS LIMITED	144.6x	8.14x	20.22x	-.--%	9.95B
SHANGHAI INTERNATIONAL AIRPORT CO., LTD.	21.53x	2.77x	6.37x	2.37%	8.38B
AUCKLAND INTERNATIONAL AIRPORT LIMITED	44.35x	16.22x	22.88x	1.66%	7.85B
FLUGHAFEN ZÜRICH AG	18.19x	5.28x	9.55x	4.16%	7B
GRUPO AEROPORTUARIO DEL SURESTE, S. A. B. DE C. V.	11.22x	3.58x	6.82x	7.51%	6.93B
Average	35.72x	6.48x	12.80x	3.31%	14.74B
Weighted average by Cap.	32.13x	6.81x	13.24x	3.35%