Valuation Asia Aviation

Stocks

End-of-day quote Thailand S.E. 10/09/2026			5-day change	1st Jan Change
1.010 ^THB	+1.00%		+1.00%	-9.82%

08-18	Krungsri Securities Upgrades Asia Aviation to Neutral from Reduce; Price Target is THB1.19	MT
08-13	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	12,978	-	-
Change	-	48.35%	-31.3%	38.69%	-59.42%	-9.82%	-	-
Enterprise Value (EV) ¹	64,871	80,180	67,349	43,299	22,285	12,492	11,404	10,458
Change	-	23.6%	-16%	-35.71%	-48.53%	-43.95%	-8.71%	-8.29%
P/E	-1.98x	-4.42x	52.5x	10.2x	6.16x	-6.18x	14.7x	8.32x
PBR	1.24x	4.68x	2.91x	3.12x	1.06x	1.09x	1.03x	0.89x
PEG	-	0.1x	-0x	0x	-0.2x	0x	-0x	0.1x
Capitalization / Revenue	6.55x	2.12x	0.62x	0.72x	0.31x	0.27x	0.26x	0.25x
EV / Revenue	16.9x	4.57x	1.63x	0.88x	0.49x	0.26x	0.22x	0.2x
EV / EBITDA	-8.44x	-88.9x	10.4x	4.01x	2.17x	1.93x	1.28x	1.32x
EV / EBIT	-5.47x	-9.46x	46x	6.47x	4.15x	26x	3.64x	2.89x
EV / FCF	-14.6x	-2,473x	11.3x	6.11x	2.43x	8.74x	2.05x	2x
FCF Yield	-6.85%	-0.04%	8.82%	16.4%	41.2%	11.4%	48.8%	50.1%
Dividend per Share ²	-	-	-	-	-	-	0.02	0.05
Rate of return	-	-	-	-	-	-	1.98%	4.95%
EPS ²	-1.283	-0.6921	0.0379	0.2707	0.1818	-0.1633	0.0687	0.1214
Distribution rate	-	-	-	-	-	-	29.1%	41.2%
Net sales ¹	3,828	17,553	41,241	49,436	45,691	47,865	50,723	52,869
EBITDA ¹	-7,685	-901.6	6,456	10,797	10,250	6,475	8,901	7,922
EBIT ¹	-11,851	-8,476	1,463	6,697	5,368	480.8	3,131	3,620
Net income ¹	-6,647	-8,030	465.8	3,478	2,336	-2,076	884.4	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	1.010	1.010	1.010
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	24/2/22	24/2/23	22/2/24	25/2/25	24/2/26	-	-	-

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	-6.18x	0.26x	1.93x	-.--%	393M
DELTA AIR LINES, INC.	12.38x	0.88x	6.87x	0.97%	51.17B
UNITED AIRLINES HOLDINGS, INC.	9.98x	0.77x	6.33x	-.--%	34.56B
RYANAIR HOLDINGS PLC	12.88x	1.31x	5.91x	1.94%	27.37B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	7.87x	0.78x	3.66x	2.29%	24.56B
INTERGLOBE AVIATION LIMITED	65.21x	2.25x	13.08x	0.07%	20B
SINGAPORE AIRLINES LIMITED	27.55x	1.08x	5.74x	3.73%	16.57B
AIR CHINA LIMITED	-11.1x	1.68x	11.51x	-.--%	15.91B
LATAM AIRLINES GROUP S.A.	13.42x	1.15x	4.8x	6,355.69%	14.64B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	-12.26x	1.62x	10.22x	-.--%	11.83B
Average	11.97x	1.18x	7.00x	636.47%	21.7B
Weighted average by Cap.	14.55x	1.16x	7.16x	429.67%