Valuation: Thailand Future Fund

Market Cap 32.68B 980M 854M 807M 733M 1.37B 94.02B 1.38B 9.66B 3.73B 47.8B 3.68B 3.6B 154B P/E 2025 *
16.9x
P/E 2026 * 16.4x
Enterprise Value 32.14B 964M 840M 794M 721M 1.35B 92.48B 1.36B 9.51B 3.67B 47.02B 3.62B 3.54B 151B EV / Sales 2025 *
14x
EV / Sales 2026 * 13.9x
Free-Float
83.06%
Yield 2025 *
6.63%
Yield 2026 * 6.64%
08-14 Thailand Future Fund Announces Dividend for the Operation Period from April 1, 2026 to June 30, 2026, Payable on September 11, 2026 CI
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
1 day+1.42%
1 week+2.14%
Current month+2.14%
3 months+6.72%
6 months+7.52%
Current year+14.40%
1 week 6.95
Extreme 6.95
7.15
1 month 6.85
Extreme 6.85
7.2
Current year 6.2
Extreme 6.2
7.2
1 year 6
Extreme 6
7.2
3 years 5.25
Extreme 5.25
7.25
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.($)
+1.42%+2.14%+16.26%-0.69% 980M
-0.80%+0.22%+20.14%+20.30% 11.5B
-0.99%+1.20%+22.85%+44.79% 3.86B
0.00%-2.44%-18.92%-2.44% 973M
+0.29%+0.29% - - 736M
+1.33%+4.83%+15.59%+67.03% 75.31M
+4.41%-4.05%+20.85% - 58.47M
Average +0.81%+0.04%+12.80%+25.80% 2.6B
Weighted average by Cap. -0.61%-0.00%+18.33%+23.49%

Financials

2025 *2026 *
Net sales 2.29B 68.68M 59.89M 56.55M 51.35M 96.21M 6.59B 96.62M 677M 261M 3.35B 258M 252M 10.78B 2.3B 69.06M 60.22M 56.87M 51.64M 96.75M 6.63B 97.15M 681M 263M 3.37B 259M 254M 10.84B
Net income 2.17B 65.11M 56.78M 53.61M 48.68M 91.21M 6.25B 91.59M 642M 248M 3.18B 245M 239M 10.22B 1.99B 59.69M 52.05M 49.15M 44.63M 83.62M 5.73B 83.97M 589M 227M 2.91B 224M 219M 9.37B
Net Debt -535M -16.05M -13.99M -13.21M -12M -22.48M -1.54B -22.57M -158M -61.08M -783M -60.28M -58.95M -2.52B -550M -16.51M -14.4M -13.59M -12.34M -23.13M -1.58B -23.22M -163M -62.83M -805M -62.01M -60.64M -2.59B
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
18/09/26 THB 7.150 +1.42% 3,756,500
17/09/26 THB 7.050 +1.44% 2,930,264
16/09/26 THB 6.950 -1.42% 2,289,629
15/09/26 THB 7.050 +0.71% 3,124,662
14/09/26 THB 7.000 0.00% 1,365,411
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
7.150THB
Average target price
7.433THB
Spread / Average Target
+3.96%

Annual profits - Rate of surprise

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