Valuation: Thailand Future Fund

Market Cap 30.85B 917M 802M 740M 682M 1.29B 88.33B 1.31B 8.84B 3.48B 43.26B 3.44B 3.37B 149B P/E 2025 *
15.9x
P/E 2026 * 16.2x
Enterprise Value 30.31B 901M 788M 727M 670M 1.26B 86.8B 1.29B 8.69B 3.42B 42.51B 3.38B 3.31B 146B EV / Sales 2025 *
13.2x
EV / Sales 2026 * 13.2x
Free-Float
82.73%
Yield 2025 *
7.02%
Yield 2026 * 7.04%
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%
Current month+0.75%
1 month+0.75%
3 months+3.85%
6 months+3.85%
Current year+8.00%
1 week 6.7
Extreme 6.7
6.85
1 month 6.65
Extreme 6.65
6.85
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%0.00%+15.38%-10.00% 917M
+1.35%+1.52%+18.58%+17.43% 11.64B
+1.95%+3.79%+0.58%+69.78% 4.03B
-2.55%-2.97%-17.92%-2.14% 918M
-0.07%+1.86% - - 696M
0.00%-2.25%-45.62%-70.00% 137M
+1.89%+0.27%+39.11%+112.99% 94.36M
-0.69%+7.87%+48.84% - 60.68M
Average +0.14%+1.16%+8.42%+19.68% 2.31B
Weighted average by Cap. +1.12%+1.40%+12.18%+26.73%

Financials

2025 *2026 *
Net sales 2.29B 68.1M 59.52M 54.92M 50.62M 95.41M 6.56B 97.53M 656M 258M 3.21B 256M 250M 11.06B 2.29B 68.17M 59.57M 54.97M 50.67M 95.5M 6.56B 97.62M 657M 258M 3.22B 256M 250M 11.07B
Net income 2.17B 64.56M 56.42M 52.06M 47.99M 90.45M 6.22B 92.46M 622M 245M 3.04B 242M 237M 10.48B 1.9B 56.35M 49.24M 45.44M 41.88M 78.94M 5.43B 80.69M 543M 214M 2.66B 212M 207M 9.15B
Net Debt -535M -15.91M -13.91M -12.83M -11.83M -22.29M -1.53B -22.79M -153M -60.33M -751M -59.76M -58.45M -2.58B -550M -16.37M -14.3M -13.2M -12.17M -22.93M -1.58B -23.44M -158M -62.06M -772M -61.47M -60.12M -2.66B
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
17/07/26 THB 6.750 -0.74% 3,927,014
16/07/26 THB 6.800 +0.74% 5,293,710
15/07/26 THB 6.750 +0.75% 6,419,533
14/07/26 THB 6.700 0.00% 691,923
13/07/26 THB 6.700 -0.74% 1,995,395
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
6.750THB
Average target price
7.250THB
Spread / Average Target
+7.41%

Annual profits - Rate of surprise

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