Valuation: Thailand Future Fund

Market Cap 30.62B 920M 806M 744M 694M 1.31B 86.98B 1.34B 8.95B 3.45B 42.91B 3.45B 3.38B 149B P/E 2025 *
15.2x
P/E 2026 * 15.4x
Enterprise Value 30.08B 904M 791M 731M 682M 1.28B 85.46B 1.31B 8.79B 3.39B 42.16B 3.39B 3.32B 146B EV / Sales 2025 *
13.2x
EV / Sales 2026 * 13.1x
Free-Float
82.73%
Yield 2025 *
7.07%
Yield 2026 * 7.11%
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-0.74%
1 week+0.75%
Current month+2.29%
1 month+3.08%
3 months+2.29%
6 months+8.06%
Current year+7.20%
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 5.55
Extreme 5.55
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.($)
-0.74%+0.75%+20.72%-12.42% 925M
+0.43%+1.46%+14.57%+19.15% 11.57B
+0.38%-1.72%-6.43%+47.60% 3.86B
+4.44%-4.08%-15.47%+0.86% 898M
+0.03%+0.91% - - 691M
+6.02%-13.73%-43.59%-72.50% 131M
0.00%-0.56%+36.12%+99.44% 88.91M
-1.48%-1.48%+41.49% - 56.44M
Average +1.08%-2.34%+6.77%+13.69% 2.28B
Weighted average by Cap. +0.57%+0.79%+8.50%+22.54%

Financials

2025 *2026 *
Net sales 2.29B 68.68M 60.14M 55.52M 51.84M 97.59M 6.49B 99.81M 668M 258M 3.2B 258M 252M 11.12B 2.3B 69.2M 60.59M 55.94M 52.23M 98.33M 6.54B 101M 673M 260M 3.23B 260M 254M 11.21B
Net income 2.17B 65.1M 57.01M 52.63M 49.14M 92.51M 6.16B 94.62M 633M 244M 3.04B 244M 239M 10.54B 1.99B 59.81M 52.37M 48.34M 45.14M 84.98M 5.65B 86.92M 582M 225M 2.79B 225M 220M 9.68B
Net Debt -535M -16.08M -14.08M -13M -12.14M -22.85M -1.52B -23.37M -156M -60.38M -750M -60.38M -59.06M -2.6B -550M -16.54M -14.48M -13.37M -12.49M -23.5M -1.56B -24.04M -161M -62.11M -771M -62.12M -60.75M -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
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
24/06/26 THB 6.650 0.00% 4,481,757
23/06/26 THB 6.650 0.00% 3,974,668
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
6.700THB
Average target price
7.167THB
Spread / Average Target
+6.97%

Annual profits - Rate of surprise

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