Valuation Asia Aviation

Stocks

End-of-day quote Thailand S.E. Other stock markets 10/07/2026			5-day change	1st Jan Change
1.090 ^THB	+0.93%		-0.91%	-2.68%

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	14,006	-	-
Change	-	48.35%	-31.3%	38.69%	-59.42%	-2.68%	-	-
Enterprise Value (EV) ¹	64,871	80,180	67,349	43,299	22,285	11,242	10,332	9,398
Change	-	23.6%	-16%	-35.71%	-48.53%	-49.56%	-8.09%	-9.05%
P/E	-1.98x	-4.42x	52.5x	10.2x	6.16x	-63x	10.3x	8.98x
PBR	1.24x	4.68x	2.91x	3.12x	1.06x	1.06x	0.99x	1x
PEG	-	0.1x	-0x	0x	-0.2x	1x	-0x	0.6x
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	1.28x	1.07x	1.26x
EV / EBIT	-5.47x	-9.46x	46x	6.47x	4.15x	4x	2.85x	2.29x
EV / FCF	-14.6x	-2,473x	11.3x	6.11x	2.43x	-7.7x	2.58x	2.29x
FCF Yield	-6.85%	-0.04%	8.82%	16.4%	41.2%	-13%	38.7%	43.6%
Dividend per Share ²	-	-	-	-	-	-	0.0167	0.07
Rate of return	-	-	-	-	-	-	1.53%	6.42%
EPS ²	-1.283	-0.6921	0.0379	0.2707	0.1818	-0.0173	0.1061	0.1214
Distribution rate	-	-	-	-	-	-	15.7%	57.6%
Net sales ¹	3,828	17,553	41,241	49,436	45,691	48,369	51,649	54,673
EBITDA ¹	-7,685	-901.6	6,456	10,797	10,250	8,756	9,673	7,435
EBIT ¹	-11,851	-8,476	1,463	6,697	5,368	2,808	3,622	4,107
Net income ¹	-6,647	-8,030	465.8	3,478	2,336	-233.7	1,235	1,564
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	1.090	1.090	1.090
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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
ASIA AVIATION	-63.04x	0.23x	1.28x	-.--%	42Cr
DELTA AIR LINES, INC.	14.46x	0.99x	7.69x	0.88%	5.72TCr
UNITED AIRLINES HOLDINGS, INC.	11.14x	0.88x	6.92x	-.--%	4.09TCr
RYANAIR HOLDINGS PLC	14.02x	1.56x	6.86x	1.75%	3.22TCr
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	9.39x	0.86x	4.12x	1.89%	2.79TCr
INTERGLOBE AVIATION LIMITED	-372.73x	2.74x	14.49x	0.19%	2.15TCr
SINGAPORE AIRLINES LIMITED	28.12x	1.26x	6.26x	3.41%	1.88TCr
LATAM AIRLINES GROUP S.A.	12.08x	1.26x	5.1x	2.89%	1.63TCr
AIR CHINA LIMITED	-13.78x	1.54x	10x	-.--%	1.36TCr
LUFTHANSA	9.08x	0.42x	4.18x	3.31%	1.3TCr
Average	-35.13x	1.18x	6.69x	1.43%	2.42TCr
Weighted average by Cap.	-22.32x	1.23x	7.29x	1.31%