Valuation: Thailand Future Fund

Market Cap 30.85B 926M 811M 747M 693M 1.32B 88.29B 1.33B 8.94B 3.48B 43.34B 3.48B 3.4B 150B P/E 2025 *
15.9x
P/E 2026 * 16.2x
Enterprise Value 30.31B 910M 797M 734M 681M 1.29B 86.76B 1.31B 8.78B 3.42B 42.59B 3.42B 3.34B 148B EV / Sales 2025 *
13.2x
EV / Sales 2026 * 13.2x
Free-Float
82.73%
Yield 2025 *
7.02%
Yield 2026 * 7.04%
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 week+0.75%
Current month+0.75%
1 month+1.50%
3 months+2.27%
6 months+8.00%
Current year+8.00%
1 week 6.7
Extreme 6.7
6.85
1 month 6.55
Extreme 6.55
6.85
Current year 6.2
Extreme 6.2
6.95
1 year 5.7
Extreme 5.7
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.($)
0.00%+0.75%+17.39%-11.18% 926M
-0.22%-0.38%+15.02%+17.76% 11.5B
+3.19%+5.19%-0.71%+65.32% 3.92B
-0.42%+0.43%-15.11%-1.26% 944M
+0.01%-0.26% - - 684M
-1.12%0.00%-43.59%-70.67% 140M
+4.29%+4.44%+34.77%+107.16% 90.19M
+0.76%+1.53%+31.03% - 55.52M
Average +0.81%+0.93%+5.54%+17.86% 2.28B
Weighted average by Cap. +0.54%+0.76%+9.71%+25.60%

Financials

2025 *2026 *
Net sales 2.29B 68.72M 60.19M 55.44M 51.46M 97.71M 6.56B 99.04M 664M 258M 3.22B 258M 252M 11.16B 2.29B 68.79M 60.24M 55.49M 51.5M 97.8M 6.56B 99.13M 664M 258M 3.22B 258M 253M 11.17B
Net income 2.17B 65.15M 57.06M 52.55M 48.78M 92.63M 6.21B 93.88M 629M 245M 3.05B 245M 239M 10.58B 1.9B 56.86M 49.8M 45.87M 42.57M 80.85M 5.42B 81.94M 549M 214M 2.66B 214M 209M 9.23B
Net Debt -535M -16.06M -14.06M -12.95M -12.02M -22.83M -1.53B -23.14M -155M -60.34M -752M -60.3M -58.98M -2.61B -550M -16.52M -14.47M -13.32M -12.37M -23.49M -1.58B -23.8M -159M -62.07M -773M -62.03M -60.67M -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
07/07/26 THB 6.750 0.00% 3,013,673
06/07/26 THB 6.750 -0.74% 6,570,685
03/07/26 THB 6.800 0.00% 2,515,039
02/07/26 THB 6.800 0.00% 3,478,903
01/07/26 THB 6.800 +1.49% 1,756,489
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
6.750THB
Average target price
7.250THB
Spread / Average Target
+7.41%

Annual profits - Rate of surprise

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