Valuation: Thailand Future Fund

Market Cap 32.22B 961M 862M 787M 719M 1.35B 90.3B 1.4B 9.49B 3.78B 48.18B 3.61B 3.53B 152B P/E 2025 *
16.6x
P/E 2026 * 16.2x
Enterprise Value 31.68B 945M 847M 774M 707M 1.33B 88.8B 1.37B 9.33B 3.72B 47.38B 3.55B 3.47B 150B EV / Sales 2025 *
13.8x
EV / Sales 2026 * 13.8x
Free-Float
83.06%
Yield 2025 *
6.72%
Yield 2026 * 6.74%
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 week+0.71%
Current month+0.71%
3 months-1.40%
6 months+8.46%
Current year+12.80%
1 week 7
Extreme 7
7.1
1 month 6.8
Extreme 6.8
7.1
Current year 6.2
Extreme 6.2
7.2
1 year 6
Extreme 6
7.2
3 years 5.25
Extreme 5.25
7.2
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.($)
0.00%+0.71%+15.57%+11.02% 961M
-0.37%+1.48%-3.44%+18.62% 14.97B
+0.74%-0.46%+6.39%+13.10% 7.47B
-3.47%+1.01%-11.03%+27.88% 6.82B
-1.31%+4.56%-8.45%+22.03% 6.16B
+0.33%-1.34%+7.96%+37.36% 5.9B
+0.43%+0.35%-3.06%+6.66% 5.88B
-0.15%+0.77%-17.33%-32.60% 5.45B
-2.81%+1.87%-16.81%-3.54% 5.31B
-0.47%+3.12%+16.78%+33.16% 4.56B
Average -0.73%+2.86%-1.34%+13.37% 6.35B
Weighted average by Cap. -0.73%+2.83%-3.06%+14.61%

Financials

2025 *2026 *
Net sales 2.29B 68.29M 61.25M 55.98M 51.1M 96.27M 6.42B 99.31M 675M 269M 3.43B 256M 251M 10.81B 2.3B 68.67M 61.59M 56.29M 51.38M 96.81M 6.45B 99.86M 678M 271M 3.44B 258M 252M 10.87B
Net income 2.17B 64.74M 58.06M 53.06M 48.44M 91.26M 6.09B 94.14M 640M 255M 3.25B 243M 238M 10.25B 1.99B 59.35M 53.23M 48.65M 44.41M 83.67M 5.58B 86.31M 586M 234M 2.98B 223M 218M 9.4B
Net Debt -535M -15.96M -14.31M -13.08M -11.94M -22.49M -1.5B -23.2M -158M -62.86M -800M -59.89M -58.61M -2.53B -550M -16.41M -14.72M -13.45M -12.28M -23.14M -1.54B -23.87M -162M -64.67M -823M -61.61M -60.29M -2.6B
Projected Income Statement - Annual - Thailand Future Fund
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
06/11/26 THB 7.050 0.00% 1,552,213
05/11/26 THB 7.050 -0.70% 2,118,481
04/11/26 THB 7.100 +1.43% 3,356,634
03/11/26 THB 7.000 0.00% 964,614
02/11/26 THB 7.000 0.00% 722,254
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
7.050THB
Average target price
7.433THB
Spread / Average Target
+5.44%

Annual profits - Rate of surprise

Rate of surprise - EPS - Annual - Thailand Future Fund
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