Valuation Thai Airways International Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 14/08/2026			5-day change	1st Jan Change
5.900 ^THB	-1.67%		+2.61%	-15.11%

11/08	Thai Airways International Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
03/08	Krungsri Securities Upgrades Thai Airways to Buy from Neutral; Price Target is THB7.90	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2024	2025	2026	2027	2028
Market Cap ¹	7,247	1,96,708	1,66,989	-	-
Change	-	2,614.41%	-15.11%	-	-
Enterprise Value (EV) ¹	7,247	2,35,802	2,22,518	2,08,014	2,12,838
Change	-	3,153.87%	-5.63%	-6.52%	2.32%
P/E	-0.53x	6.38x	9.26x	7.25x	7.03x
PBR	-	2.59x	1.91x	1.52x	1.26x
PEG	-	-0x	-0.2x	0.3x	2.27x
Capitalization / Revenue	-	1.07x	0.86x	0.8x	0.76x
EV / Revenue	-	1.29x	1.15x	1x	0.96x
EV / EBITDA	-	4.12x	5.33x	4.09x	3.87x
EV / EBIT	-	5.65x	9.24x	6.16x	5.99x
EV / FCF	-	9.39x	17.1x	27.5x	18.1x
FCF Yield	-	10.6%	5.86%	3.64%	5.53%
Dividend per Share ²	-	0.21	0.1341	0.1948	0.2053
Rate of return	-	3.02%	2.27%	3.3%	3.48%
EPS ²	-6.26	1.09	0.637	0.8135	0.8387
Distribution rate	-	19.3%	21.1%	23.9%	24.5%
Net sales ¹	-	1,83,442	1,93,278	2,08,342	2,20,685
EBITDA ¹	-	57,259	41,753	50,821	55,024
EBIT ¹	-	41,740	24,083	33,782	35,535
Net income ¹	-26,934	30,910	17,935	23,165	23,686
Net Debt ¹	-	39,094	55,529	41,024	45,849
Reference price ²	3.320	6.950	5.900	5.900	5.900
Nbr of stocks (in thousands)	21,82,772	2,83,03,292	2,83,03,292	-	-
Announcement Date	25/02/25	27/02/26	-	-	-

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.($)
DELTA AIR LINES, INC.	13.92x	0.98x	7.51x	0.86%	5.84TCr
UNITED AIRLINES HOLDINGS, INC.	11.03x	0.86x	6.97x	-.--%	4.07TCr
RYANAIR HOLDINGS PLC	13.92x	1.41x	6.36x	1.8%	2.94TCr
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	8.56x	0.83x	3.89x	2.1%	2.65TCr
INTERGLOBE AVIATION LIMITED	70.02x	2.39x	13.89x	0.06%	2.15TCr
SINGAPORE AIRLINES LIMITED	27.86x	1.13x	5.94x	3.57%	1.74TCr
AIR CHINA LIMITED	-11.69x	1.59x	11.76x	-.--%	1.62TCr
LATAM AIRLINES GROUP S.A.	11.11x	1.17x	4.83x	3.14%	1.5TCr
CHINA SOUTHERN AIRLINES COMPANY LIMITED	-67.53x	1.53x	9.13x	-.--%	1.2TCr
Average	8.58x	1.32x	7.81x	1.28%	2.63TCr
Weighted average by Cap.	12.88x	1.22x	7.54x	1.14%