Valuation Asia Aviation

Stocks

End-of-day quote Thailand S.E. Other stock markets 03/07/2026			5-day change	1st Jan Change
1.100 ^THB	+1.85%		0.00%	-1.79%

14/05	Asia Aviation Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
25/02	Krungsri Securities Upgrades Asia Aviation to Neutral from Reduce, Price Target is THB1.41	MT

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	14,135	-	-
Change	-	48.35%	-31.3%	38.69%	-59.42%	-1.79%	-	-
Enterprise Value (EV) ¹	64,871	80,180	67,349	43,299	22,285	11,370	10,461	9,526
Change	-	23.6%	-16%	-35.71%	-48.53%	-48.98%	-7.99%	-8.94%
P/E	-1.98x	-4.42x	52.5x	10.2x	6.16x	14.3x	10.4x	9.17x
PBR	1.24x	4.68x	2.91x	3.12x	1.06x	1.07x	1x	1.01x
PEG	-	0.1x	-0x	0x	-0.2x	-0.2x	0.3x	0.7x
Capitalization / Revenue	6.55x	2.12x	0.62x	0.72x	0.31x	0.29x	0.27x	0.26x
EV / Revenue	16.9x	4.57x	1.63x	0.88x	0.49x	0.23x	0.2x	0.17x
EV / EBITDA	-8.44x	-88.9x	10.4x	4.01x	2.17x	1.3x	1.11x	1.25x
EV / EBIT	-5.47x	-9.46x	46x	6.47x	4.15x	4.1x	2.89x	2.32x
EV / FCF	-14.6x	-2,473x	11.3x	6.11x	2.43x	-7.79x	2.61x	2.32x
FCF Yield	-6.85%	-0.04%	8.82%	16.4%	41.2%	-12.8%	38.3%	43%
Dividend per Share ²	-	-	-	-	-	-	0.0167	0.07
Rate of return	-	-	-	-	-	-	1.52%	6.36%
EPS ²	-1.283	-0.6921	0.0379	0.2707	0.1818	0.077	0.1061	0.12
Distribution rate	-	-	-	-	-	-	15.7%	58.3%
Net sales ¹	3,828	17,553	41,241	49,436	45,691	48,733	51,654	54,673
EBITDA ¹	-7,685	-901.6	6,456	10,797	10,250	8,756	9,413	7,629
EBIT ¹	-11,851	-8,476	1,463	6,697	5,368	2,774	3,622	4,107
Net income ¹	-6,647	-8,030	465.8	3,478	2,336	970	1,367	1,560
Net Debt ¹	39,780	42,957	41,777	7,833	7,893	-2,765	-3,674	-4,609
Reference price ²	2.540	3.060	1.990	2.760	1.120	1.100	1.100	1.100
Nbr of stocks (in thousands)	98,78,571	1,21,64,286	1,28,50,000	1,28,50,000	1,28,50,000	1,28,50,000	-	-
Announcement Date	24/02/22	24/02/23	22/02/24	25/02/25	24/02/26	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ASIA AVIATION	14.04x	0.23x	1.27x	-.--%	42Cr
DELTA AIR LINES, INC.	18.73x	1.05x	8.92x	0.84%	6.06TCr
UNITED AIRLINES HOLDINGS, INC.	12.92x	0.92x	7.53x	-.--%	4.33TCr
RYANAIR HOLDINGS PLC	14.42x	1.61x	7.13x	1.7%	3.32TCr
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	9.56x	0.87x	4.22x	1.87%	2.84TCr
INTERGLOBE AVIATION LIMITED	-382x	2.8x	14.8x	0.18%	2.21TCr
SINGAPORE AIRLINES LIMITED	26.04x	1.27x	6.2x	3.49%	1.88TCr
LATAM AIRLINES GROUP S.A.	12.01x	1.25x	5.07x	2.91%	1.62TCr
AIR CHINA LIMITED	-14.13x	1.53x	10.12x	-.--%	1.39TCr
LUFTHANSA	9.64x	0.43x	4.27x	3.12%	1.37TCr
Average	-27.88x	1.20x	6.95x	1.41%	2.51TCr
Weighted average by Cap.	-21.46x	1.26x	7.78x	1.28%