Company Valuation: Asia Aviation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,092 37,223 25,571 35,466 14,392 10,537 - -
Change - 48.35% -31.3% 38.69% -59.42% -26.79% - -
Enterprise Value (EV) 1 64,871 80,180 67,349 43,299 22,285 11,142 10,817 9,658
Change - 23.6% -16% -35.71% -48.53% -50% -2.92% -10.71%
P/E -1.98x -4.42x 52.5x 10.2x 6.16x -4.56x 12.9x 7x
PBR 1.24x 4.68x 2.91x 3.12x 1.06x 0.95x 0.91x 0.81x
PEG - 0.1x -0x 0x -0.2x 0x -0x 0.1x
Capitalization / Revenue 6.55x 2.12x 0.62x 0.72x 0.31x 0.21x 0.21x 0.2x
EV / Revenue 16.9x 4.57x 1.63x 0.88x 0.49x 0.23x 0.21x 0.18x
EV / EBITDA -8.44x -88.9x 10.4x 4.01x 2.17x 1.78x 1.2x 1.28x
EV / EBIT -5.47x -9.46x 46x 6.47x 4.15x 26.5x 3.46x 2.61x
EV / FCF -14.6x -2,473x 11.3x 6.11x 2.43x 2.51x 2.12x 2.17x
FCF Yield -6.85% -0.04% 8.82% 16.4% 41.2% 39.8% 47.1% 46.2%
Dividend per Share 2 - - - - - - 0.0133 0.025
Rate of return - - - - - - 1.63% 3.05%
EPS 2 -1.283 -0.6921 0.0379 0.2707 0.1818 -0.1796 0.0637 0.1171
Distribution rate - - - - - - 20.9% 21.3%
Net sales 1 3,828 17,553 41,241 49,436 45,691 49,503 51,130 53,412
EBITDA 1 -7,685 -901.6 6,456 10,797 10,250 6,251 9,006 7,574
EBIT 1 -11,851 -8,476 1,463 6,697 5,368 420.5 3,123 3,699
Net income 1 -6,647 -8,030 465.8 3,478 2,336 -2,364 816.4 1,490
Net Debt 1 39,780 42,957 41,777 7,833 7,893 605 280 -879
Reference price 2 2.5400 3.0600 1.9900 2.7600 1.1200 0.8200 0.8200 0.8200
Nbr of stocks (in thousands) 9,878,571 12,164,286 12,850,000 12,850,000 12,850,000 12,850,000 - -
Announcement Date 24/2/22 24/2/23 22/2/24 25/2/25 24/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.16x0.86x7.6x1.03% 50.16B
11.55x0.71x6.83x-.--% 31.73B
13.84x1.37x6.32x1.84% 27.49B
8.02x0.8x3.86x2.16% 24.42B
63.01x2.14x12.8x0.07% 19.18B
14.65x0.73x7.03x1.82% 19.4B
29.39x1.05x5.61x3.8% 16.05B
-9.86x1.58x11.03x-.--% 15.15B
9.57x1.12x4.74x3.43% 13.73B
Average 17.26x 1.15x 7.31x 1.57% 24.15B
Weighted average by Cap. 16.80x 1.08x 7.23x 1.38%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Asia Aviation

Historical PBR trend

Valuation ratios - PBR - Asia Aviation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Asia Aviation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Asia Aviation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Asia Aviation