Valuation Asia Aviation

Stocks

End-of-day quote Thailand S.E. 2026-08-25			5-day change	1st Jan Change
1.030 ^THB	-0.96%		-1.90%	-8.04%

Aug. 18	Krungsri Securities Upgrades Asia Aviation to Neutral from Reduce; Price Target is THB1.19	MT
Aug. 12	Asia Aviation Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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	13,364	-	-
Change	-	48.35%	-31.3%	38.69%	-59.42%	-7.14%	-	-
Enterprise Value (EV) ¹	64,871	80,180	67,349	43,299	22,285	12,877	11,789	10,844
Change	-	23.6%	-16%	-35.71%	-48.53%	-42.22%	-8.45%	-8.02%
P/E	-1.98x	-4.42x	52.5x	10.2x	6.16x	-6.17x	14.9x	8.56x
PBR	1.24x	4.68x	2.91x	3.12x	1.06x	1.13x	1.06x	0.92x
PEG	-	0.1x	-0x	0x	-0.2x	0x	-0x	0.1x
Capitalization / Revenue	6.55x	2.12x	0.62x	0.72x	0.31x	0.28x	0.26x	0.25x
EV / Revenue	16.9x	4.57x	1.63x	0.88x	0.49x	0.27x	0.23x	0.21x
EV / EBITDA	-8.44x	-88.9x	10.4x	4.01x	2.17x	1.98x	1.32x	1.37x
EV / EBIT	-5.47x	-9.46x	46x	6.47x	4.15x	38.8x	3.74x	3x
EV / FCF	-14.6x	-2,473x	11.3x	6.11x	2.43x	9.01x	2.12x	2.07x
FCF Yield	-6.85%	-0.04%	8.82%	16.4%	41.2%	11.1%	47.2%	48.3%
Dividend per Share ²	-	-	-	-	-	-	0.02	0.05
Rate of return	-	-	-	-	-	-	1.92%	4.81%
EPS ²	-1.283	-0.6921	0.0379	0.2707	0.1818	-0.1686	0.0696	0.1214
Distribution rate	-	-	-	-	-	-	28.7%	41.2%
Net sales ¹	3,828	17,553	41,241	49,436	45,691	47,721	50,656	52,869
EBITDA ¹	-7,685	-901.6	6,456	10,797	10,250	6,514	8,923	7,922
EBIT ¹	-11,851	-8,476	1,463	6,697	5,368	331.8	3,150	3,620
Net income ¹	-6,647	-8,030	465.8	3,478	2,336	-2,132	896.6	1,545
Net Debt ¹	39,780	42,957	41,777	7,833	7,893	-487	-1,575	-2,520
Reference price ²	2.540	3.060	1.990	2.760	1.120	1.040	1.040	1.040
Nbr of stocks (in thousands)	9,878,571	12,164,286	12,850,000	12,850,000	12,850,000	12,850,000	-	-
Announcement Date	2/24/22	2/24/23	2/22/24	2/25/25	2/24/26	-	-	-

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	-6.17x	0.27x	1.98x	-.--%	407M
DELTA AIR LINES, INC.	12.73x	0.91x	7.06x	0.96%	53.07B
UNITED AIRLINES HOLDINGS, INC.	10.06x	0.8x	6.56x	-.--%	36.48B
RYANAIR HOLDINGS PLC	13.21x	1.33x	6x	1.89%	28.03B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	8.38x	0.82x	3.84x	2.15%	26.15B
INTERGLOBE AVIATION LIMITED	68.43x	2.34x	13.62x	0.06%	21.01B
SINGAPORE AIRLINES LIMITED	28.63x	1.12x	5.94x	3.59%	17.15B
AIR CHINA LIMITED	-11.53x	1.59x	11.74x	-.--%	16.11B
LATAM AIRLINES GROUP S.A.	10.89x	1.15x	4.78x	3.2%	14.69B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	-47.52x	1.55x	9.75x	-.--%	12.02B
Average	8.71x	1.19x	7.13x	1.19%	22.51B
Weighted average by Cap.	13.15x	1.18x	7.32x	1.2%