Valuation: Thailand Future Fund

Market Cap 32.22B 968M 838M 793M 718M 1.35B 92.82B 1.36B 9.46B 3.64B 47.06B 3.63B 3.55B 150B P/E 2025 *
16.6x
P/E 2026 * 16.2x
Enterprise Value 31.68B 952M 824M 779M 706M 1.32B 91.28B 1.33B 9.3B 3.58B 46.28B 3.57B 3.5B 148B 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
18/08/25 Thailand Future Fund Approves Dividend for the Period from April 1, 2025 to June 30, 2025, Payable September 15, 2025 CI
16/05/25 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2025 to March 31, 2025, Payable on June 16, 2025 CI
17/02/25 Thailand Future Fund Declares Dividend for Period During October 1, 2024 to December 31, 2024, Payable on March 17, 2025 CI
07/02/25 Thailand Future Fund Announces Investment Advisory Committee Member Changes CI
03/10/24 Investment: 5 markets that could benefit from the Chinese awakening Zonebourse
16/08/24 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%
1 week+1.44%
Current month+0.71%
1 month-0.70%
3 months+7.63%
6 months+8.46%
Current year+12.80%
1 week 6.95
Extreme 6.95
7.1
1 month 6.85
Extreme 6.85
7.2
Current year 6.2
Extreme 6.2
7.2
1 year 6
Extreme 6
7.2
3 years 5.25
Extreme 5.25
7.3
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%+1.44%+15.57%-3.42% 963M
+0.71%+0.54%+16.57%+20.76% 11.5B
+1.68%-2.68%+21.74%+45.20% 3.89B
-2.85%-4.02%-16.72%-1.24% 995M
0.00%-0.63% - - 735M
+1.70%+1.36%+13.26%+64.29% 73.55M
+2.38%+4.15%+34.68% - 61.13M
Average +0.52%-0.12%+14.18%+25.12% 2.6B
Weighted average by Cap. +0.70%+0.29%+15.82%+23.81%

Financials

2025 *2026 *
Net sales 2.29B 68.79M 59.58M 56.34M 51.01M 95.73M 6.6B 96.45M 672M 259M 3.35B 258M 253M 10.67B 2.3B 69.17M 59.91M 56.66M 51.29M 96.27M 6.64B 96.99M 676M 260M 3.36B 260M 254M 10.73B
Net income 2.17B 65.21M 56.48M 53.41M 48.36M 90.75M 6.26B 91.44M 637M 245M 3.17B 245M 240M 10.12B 1.99B 59.78M 51.78M 48.97M 44.33M 83.2M 5.73B 83.83M 584M 225M 2.91B 225M 220M 9.27B
Net Debt -535M -16.07M -13.92M -13.16M -11.92M -22.37M -1.54B -22.54M -157M -60.44M -782M -60.37M -59.03M -2.49B -550M -16.53M -14.32M -13.54M -12.26M -23.01M -1.59B -23.18M -162M -62.17M -804M -62.1M -60.73M -2.56B
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
15/09/26 THB 7.050 +0.71% 3,124,662
14/09/26 THB 7.000 0.00% 1,365,411
11/09/26 THB 7.000 -0.71% 890,126
10/09/26 THB 7.050 0.00% 1,192,500
09/09/26 THB 7.050 0.00% 1,171,702
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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