Company Valuation: Thai Airways International

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 7,247 196,708 165,574 - -
Change - 2,614.41% -15.83% - -
Enterprise Value (EV) 1 7,247 235,802 218,122 205,380 208,710
Change - 3,153.87% -7.5% -5.84% 1.62%
P/E -0.53x 6.38x 9.26x 7.26x 6.84x
PBR - 2.59x 1.89x 1.51x 1.24x
PEG - -0x -0.2x 0.3x 1.12x
Capitalization / Revenue - 1.07x 0.85x 0.79x 0.74x
EV / Revenue - 1.29x 1.11x 0.97x 0.93x
EV / EBITDA - 4.12x 5.25x 4.12x 3.8x
EV / EBIT - 5.65x 8.37x 6.14x 5.77x
EV / FCF - 9.39x 13.9x 25.5x 14.6x
FCF Yield - 10.6% 7.19% 3.93% 6.84%
Dividend per Share 2 - 0.21 0.1465 0.1951 0.2094
Rate of return - 3.02% 2.5% 3.34% 3.58%
EPS 2 -6.26 1.09 0.6317 0.8061 0.8551
Distribution rate - 19.3% 23.2% 24.2% 24.5%
Net sales 1 - 183,442 195,919 210,763 224,319
EBITDA 1 - 57,259 41,552 49,886 54,877
EBIT 1 - 41,740 26,056 33,473 36,163
Net income 1 -26,934 30,910 17,854 22,926 24,188
Net Debt 1 - 39,094 52,548 39,806 43,136
Reference price 2 3.320 6.950 5.850 5.850 5.850
Nbr of stocks (in thousands) 2,182,772 28,303,292 28,303,292 - -
Announcement Date 25/2/25 27/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.48x0.89x6.92x0.96% 51.6B
10.02x0.77x6.34x-.--% 34.7B
12.62x1.28x5.78x1.98% 26.62B
7.82x0.77x3.65x2.3% 24.23B
62.98x2.18x12.7x0.07% 19.25B
27.35x1.07x5.71x3.76% 16.36B
-10.13x1.6x11.2x-.--% 15.66B
11.26x1.15x4.78x - 14.55B
-11.92x1.59x10.34x-.--% 11.49B
Average 13.61x 1.26x 7.49x 1.13% 23.83B
Weighted average by Cap. 14.20x 1.14x 7.09x 1.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. THAI Stock
  4. NVPE Stock
  5. Valuation Thai Airways International
LAST HOURS | 40% Discount: The Best Subscriber-Only Tools to Unlock Hidden Opportunities!
d
:
:
SEIZE THE OFFER!