Valuation: Thailand Future Fund

Market Cap 31.08B 933M 819M 754M 703M 1.33B 88.72B 1.35B 9.07B 3.51B 43.55B 3.5B 3.43B 152B P/E 2025 *
16x
P/E 2026 * 16.4x
Enterprise Value 30.54B 917M 805M 741M 691M 1.3B 87.19B 1.33B 8.91B 3.45B 42.8B 3.44B 3.37B 149B EV / Sales 2025 *
13.3x
EV / Sales 2026 * 13.3x
Free-Float
82.73%
Yield 2025 *
6.97%
Yield 2026 * 6.99%
15/05 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2026 to March 31, 2026, Payable on June 16, 2026 CI
12/03 Thailand Future Fund Announces Advisory Committee Changes, Effective March 12, 2026 CI
27/02 DBS Bank Downgrades Thailand Future Fund to Hold from Buy; Price Target is THB7 MT
17/02 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
27/11 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
17/05/25 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
04/10/24 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
16/05/24 Thailand Future Fund Approves Dividend for the Period from January 1, 2024 to March 31, 2024, Payable June 14, 2024 CI
1 day+1.49%
1 week+2.26%
Current month+1.49%
1 month+3.82%
3 months+3.03%
6 months+8.80%
Current year+8.80%
1 week 6.65
Extreme 6.65
6.8
1 month 6.5
Extreme 6.5
6.8
Current year 6.2
Extreme 6.2
6.95
1 year 5.6
Extreme 5.6
6.95
3 years 5.25
Extreme 5.25
7.65
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.($)
+1.49%+2.26%+20.35%-9.93% 921M
-1.94%-1.41%+11.29%+17.07% 11.52B
+0.89%+1.27%-6.36%+51.72% 3.72B
+2.58%-2.45%-14.34%+1.27% 932M
-0.76%+0.49% - - 692M
-2.27%-4.44%-44.16%-72.26% 135M
-0.83%-0.83%+39.18%+96.15% 89.61M
-0.76%-1.14%+33.33% - 54.89M
Average -0.11%+0.16%+5.61%+14.00% 2.26B
Weighted average by Cap. -0.89%+1.10%+6.40%+21.93%

Financials

2025 *2026 *
Net sales 2.29B 68.78M 60.39M 55.58M 51.79M 97.68M 6.54B 99.66M 669M 259M 3.21B 258M 253M 11.17B 2.29B 68.84M 60.44M 55.63M 51.84M 97.77M 6.54B 99.76M 669M 259M 3.21B 258M 253M 11.18B
Net income 2.17B 65.2M 57.24M 52.69M 49.1M 92.6M 6.2B 94.48M 634M 246M 3.04B 245M 240M 10.59B 1.9B 56.9M 49.96M 45.99M 42.85M 80.82M 5.41B 82.46M 553M 214M 2.66B 214M 209M 9.24B
Net Debt -535M -16.07M -14.11M -12.99M -12.1M -22.82M -1.53B -23.29M -156M -60.52M -750M -60.34M -59.03M -2.61B -550M -16.53M -14.51M -13.36M -12.45M -23.48M -1.57B -23.95M -161M -62.26M -771M -62.07M -60.72M -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
01/07/26 THB 6.800 +1.49% 1,756,489
30/06/26 THB 6.700 0.00% 3,642,324
29/06/26 THB 6.700 -0.74% 782,182
26/06/26 THB 6.750 0.00% 2,824,843
25/06/26 THB 6.750 +1.50% 3,802,217
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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