Valuation: Thailand Future Fund

Market Cap 31.3B 935M 821M 764M 703M 1.32B 89.33B 1.34B 9.07B 3.55B 44.3B 3.51B 3.43B 153B P/E 2025 *
16.2x
P/E 2026 * 16.5x
Enterprise Value 30.77B 919M 807M 751M 691M 1.29B 87.8B 1.32B 8.91B 3.49B 43.54B 3.45B 3.38B 150B EV / Sales 2025 *
13.4x
EV / Sales 2026 * 13.4x
Free-Float
83.06%
Yield 2025 *
6.92%
Yield 2026 * 6.94%
05-15 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2026 to March 31, 2026, Payable on June 16, 2026 CI
03-12 Thailand Future Fund Announces Advisory Committee Changes, Effective March 12, 2026 CI
02-27 DBS Bank Downgrades Thailand Future Fund to Hold from Buy; Price Target is THB7 MT
02-17 Thailand Future Fund Approves 29th Dividend from October 1, 2025 to December 31, 2025, Payable on March 18, 2026 CI
02-02 Thailand Future Fund Announces Changes in Investment Advisory Committee Membership, Effective February 2, 2026 CI
11-27 Thailand Future Fund Approves 28Th Dividend from July 1, 2025 to September 30, 2025, Payable on December 25, 2025 CI
18/08/25 Thailand Future Fund Approves Dividend for the Period from April 1, 2025 to June 30, 2025, Payable September 15, 2025 CI
17/05/25 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2025 to March 31, 2025, Payable on June 16, 2025 CI
17/02/25 Thailand Future Fund Declares Dividend for Period During October 1, 2024 to December 31, 2024, Payable on March 17, 2025 CI
07/02/25 Thailand Future Fund Announces Investment Advisory Committee Member Changes CI
03/10/24 Investment: 5 markets that could benefit from the Chinese awakening Zonebourse
16/08/24 Thailand Future Fund Approves Dividend for the Period from April 1, 2024 to June 30, 2024, Payable September 13, 2024 CI
16/05/24 Thailand Future Fund Approves Dividend for the Period from January 1, 2024 to March 31, 2024, Payable June 14, 2024 CI
1 day+0.74%
1 week-0.72%
Current month+2.24%
1 month+1.48%
3 months+5.38%
6 months+2.24%
Current year+9.60%
1 week 6.8
Extreme 6.8
6.9
1 month 6.7
Extreme 6.7
6.9
Current year 6.2
Extreme 6.2
6.95
1 year 5.8
Extreme 5.8
6.95
3 years 5.25
Extreme 5.25
7.6
5 years 5.25
Extreme 5.25
8.5
10 years 5.25
Extreme 5.25
13.4
Change 5-day change 1-year change 3-year change Capi.($)
+0.74%-0.72%+16.10%-9.27% 935M
-1.07%-1.18%+15.62%+15.22% 11.52B
+3.36%+5.65%+13.44%+88.35% 4.38B
+1.73%+3.07%-16.96%-2.89% 943M
0.00%-0.13% - - 698M
-2.25%-4.40%-46.30%-75.83% 140M
-0.41%-2.67%+34.19%+101.10% 91.07M
0.00%+4.30%+29.62% - 60.95M
Average +0.26%+1.10%+6.53%+19.45% 2.35B
Weighted average by Cap. +0.23%+0.78%+13.08%+30.52%

Financials

2025 *2026 *
Net sales 2.29B 68.41M 60.03M 55.91M 51.42M 96.39M 6.54B 98.04M 663M 260M 3.24B 257M 251M 11.2B 2.29B 68.47M 60.09M 55.96M 51.47M 96.48M 6.54B 98.13M 664M 260M 3.24B 257M 252M 11.21B
Net income 2.17B 64.85M 56.91M 53M 48.74M 91.37M 6.2B 92.94M 629M 246M 3.07B 243M 238M 10.62B 1.9B 56.6M 49.67M 46.25M 42.54M 79.75M 5.41B 81.12M 549M 215M 2.68B 212M 208M 9.27B
Net Debt -535M -15.98M -14.03M -13.06M -12.01M -22.52M -1.53B -22.91M -155M -60.66M -757M -60.01M -58.71M -2.62B -550M -16.44M -14.43M -13.44M -12.36M -23.17M -1.57B -23.56M -159M -62.4M -779M -61.73M -60.39M -2.69B
Logo Thailand Future Fund
Thailand Future Fund (the Fund) is a Thailand-based closed-end non-redeemable mutual fund. The Fund's objective is to utilize the proceeds from the offering of investment units by investing in infrastructure businesses that have the potential to generate returns and create income for the Fund. Additionally, it aims to achieve continuous growth in investment returns to enable the Fund to distribute returns to unitholders. Investments may also include other securities and/or the utilization of benefits from other means, as prescribed by securities laws and/or other relevant regulations. The Company’s projects include the Chalongrat Expressway Project (Ram Intra-Achanong) and the Buraphawithi Expressway Project (Bangna-Chonburi). The Fund is jointly managed by Krungthai Asset Management Public Company Limited (KTAM) and MFC Asset Management Public Company Limited (MFC) (collectively known as the Management Companies). Kasikornbank Public Company Limited serves as the Fund’s supervisor.
Employees
-
Date Price Change Volume
27/07/26 THB 6.850 +0.74% 3,708,746
24/07/26 THB 6.800 -0.73% 2,720,186
23/07/26 THB 6.850 0.00% 2,658,827
22/07/26 THB 6.850 -0.72% 1,909,893
21/07/26 THB 6.900 +0.73% 2,581,074
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
6.850THB
Average target price
7.250THB
Spread / Average Target
+5.84%

Annual profits - Rate of surprise

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