APTPF

Airports of Thailand Public Company Limited

Industrials Airports & Air Services

Portfolio

Watchlist

1.78 USD 0.00(0%)

Last update at 2026-11-04T14:30:00Z

Market Cap

18315.00M

P/E

28.25

Momentum Score

…

Airports of Thailand Public Company Limited, together with its subsidiaries, engages in the airport business in Thailand. The company engages in airport management, hotel business, ground service business, security business, and management of perishable goods projects. It operates six international airports, including Suvarnabhumi Airport, Don Mueang International Airport, Chiang Mai International Airport, Hat Yai International Airport, Phuket International Airport and Mae Fah Luang - Chiang Rai International Airport. The company is involved in the hotel and restaurant business; and operation and management of the project on perishable goods at Suvarnabhumi Airport. In addition, it offers ground equipment, security services, and manages projects, as well as ground, warehouse, and cleaning services. Airports of Thailand Public Company Limited was founded in 1979 and is headquartered in Bangkok, Thailand.

Source: TradingView
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Day Price Range

1.78

Low

1.78

High

52 Week Price Range

0.92

Low

1.59

High

Momentum Score

…

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

AI Summary

Airports of Thailand Public Company Limited operates Thailand's principal airports, generating aeronautical, retail and cargo income across major hubs including Bangkok's primary airports. Long-term growth may be supported by recovery in tourism and air travel plus airport capacity expansion, and the company's dominant market position with diversified airport revenue streams could appeal to long-term income-oriented investors.

Principal risks include sensitivity to travel demand and pandemics, regulatory and political influence as a state-linked operator, execution risk on expansion projects and exposure to currency and macroeconomic swings.

Risk Score

Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close

1.78

Dividend Yield

71.68%

Revenue TTM

65871.72M

Revenue Per Share

4.64

Gross Profit TTM

44414.80M

Debt / Equity

0.38

ROE

13.24%

Net Debt

30853.45M

ROCE

13.95%

Diluted EPS TTM

0.04

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Type	yearly	yearly	yearly	yearly	yearly
Date	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Income before tax	23341.01M	24545.45M	11306.62M	-13863.65M	-20545.03M
Minority interest	-428.74M	-459.93M	-280.74M	-111.80M	49.85M
Net income	18125.21M	19182.39M	8790.87M	-11087.87M	-16322.01M
Gross profit	36829.69M	38943.06M	25082.19M	-2925.15M	-11100.37M
Reconciled depreciation	12042.43M	11403.84M	8870.32M	8931.76M	9027.38M
Ebit	25856.39M	27302.29M	-	-11068.25M	-16924.91M
Ebitda	37898.82M	38706.13M	-	-2136.49M	-7897.53M
Depreciation and amortization	12042.43M	11403.84M	-	8931.76M	9027.38M
Operating income	25859.02M	27302.86M	14600.30M	-10933.67M	-17571.94M
Other operating expenses	40820.37M	39818.44M	-	26636.05M	23877.70M
Interest expense	2515.38M	2756.84M	2890.49M	2929.80M	2973.00M
Tax provision	4787.07M	4903.13M	2235.01M	-2887.59M	-4173.17M
Interest income	811.82M	100.44M	23.63M	47.32M	233.25M
Net interest income	-1703.55M	-2656.40M	-2866.86M	-2882.48M	-2739.75M
Income tax expense	4787.07M	4903.13M	-	-2887.59M	-4173.17M
Total revenue	66679.39M	67121.30M	48140.92M	16560.02M	7085.60M
Total operating expenses	10970.67M	11640.20M	33540.61M	7150.88M	5691.73M
Cost of revenue	29849.69M	28178.25M	23058.72M	19485.17M	18185.97M
Total other income expense net	-2518.01M	-2757.41M	-426.83M	-905.14M	-665.80M
Net income from continuing ops	18553.94M	19642.32M	9071.60M	-10976.06M	-16371.86M
Net income applicable to common shares	-	-	-	-11087.87M	-16322.01M

Breakdown	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Type	yearly	yearly	yearly	yearly	yearly
Date	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Total assets	209932.23M	206149.84M	195611.09M	183812.92M	195085.77M
Intangible assets	1036.06M	-	-	-	-
Other current assets	497.85M	444.45M	-0.01M	0.01M	-0.00M
Total liab	77091.34M	79750.92M	83432.90M	81294.32M	81664.39M
Total stockholder equity	130898.23M	124233.01M	110464.78M	101323.97M	112343.77M
Other current liab	11037.84M	11394.18M	767.36M	9428.29M	9125.69M
Common stock	14285.70M	14285.70M	-	14285.70M	14285.70M
Capital stock	14285.70M	-	14285.70M	14285.70M	14285.70M
Retained earnings	102293.45M	95452.89M	81412.27M	72136.67M	83224.69M
Other liab	-	-	-	8808.36M	7205.98M
Other assets	-	-	-	25846.28M	23634.24M
Cash	19401.08M	18486.84M	6091.02M	3797.65M	8478.75M
Total current liabilities	24585.59M	23362.68M	23292.52M	14495.05M	13610.28M
Current deferred revenue	1714.31M	1245.25M	-	444.51M	368.93M
Net debt	30853.45M	35742.41M	-	57759.17M	55555.23M
Short term debt	6892.56M	6836.30M	-	3565.90M	3185.84M
Short long term debt	623.39M	-	4212.43M	2599.03M	2316.60M
Short long term debt total	50254.53M	54229.24M	-	61556.82M	64033.98M
Other stockholder equity	12567.67M	13065.85M	-	13473.04M	13404.81M
Property plant equipment	-	-	-	146974.03M	147966.31M
Total current assets	37329.79M	30223.95M	19013.87M	8476.21M	21498.93M
Long term investments	587.21M	-	1073.33M	1240.73M	1148.88M
Net tangible assets	-	-	-	100048.31M	111506.36M
Short term investments	64.44M	54.39M	4.33M	24.76M	8624.67M
Net receivables	16652.48M	10839.76M	12183.77M	3828.36M	3697.09M
Long term debt	399.16M	-	1646.34M	3314.38M	6079.74M
Inventory	713.93M	398.52M	285.13M	337.50M	307.01M
Accounts payable	2148.39M	1767.20M	2086.34M	1056.34M	929.82M
Accumulated other comprehensive income	1751.41M	1428.57M	-	1428.57M	1428.57M
Non currrent assets other	18434.68M	16181.99M	285.84M	14532.94M	15221.27M
Non current assets total	172602.45M	175925.89M	176597.22M	175336.70M	173586.84M
Capital lease obligations	49231.98M	-	55616.38M	55643.40M	55637.63M

Breakdown	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Type	yearly	yearly	yearly	yearly	yearly
Date	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Investments	-13.06M	-13127.54M	-11559.22M	8596.13M	29099.81M
Change to liabilities	-	-	-	66.04M	-849.06M
Total cashflows from investing activities	-9488.25M	-13127.54M	-	-936.40M	20561.06M
Net borrowings	-4240.73M	-7354.86M	-	-2136.35M	-3051.14M
Total cash from financing activities	-18935.98M	-15532.95M	-3020.14M	-3573.34M	-5975.89M
Change to operating activities	-	-	-	835.37M	-2857.51M
Net income	23341.01M	24545.45M	8790.87M	-13863.65M	-20545.03M
Change in cash	914.24M	12395.81M	2293.37M	-4681.09M	2650.66M
Begin period cash flow	18486.84M	6091.02M	3797.65M	8478.75M	5828.09M
End period cash flow	19401.08M	18486.84M	6091.02M	3797.65M	8478.75M
Total cash from operating activities	29338.47M	41056.31M	16872.74M	-171.36M	-11934.51M
Issuance of capital stock	-	-	-	-	332.90M
Depreciation	12042.43M	11403.84M	8870.32M	8931.76M	9027.38M
Other cashflows from investing activities	36.05M	-28.75M	-	52.14M	-51.43M
Dividends paid	11958.81M	5151.34M	-18.19M	-8.03M	-2714.11M
Change to inventory	-323.29M	-112.73M	39.23M	-42.39M	31.73M
Change to account receivables	-5599.02M	281.54M	-8872.96M	-270.92M	-1275.73M
Sale purchase of stock	-	-	-	-	-533.10M
Other cashflows from financing activities	-2736.44M	-3026.76M	-	-791.09M	-516.53M
Change to netincome	-	-	-	1396.65M	310.70M
Capital expenditures	9524.03M	13092.46M	11603.08M	9571.78M	8412.20M
Change in working capital	-4901.69M	2921.53M	-6676.63M	751.97M	-4789.14M
Other non cash items	-1143.28M	2185.49M	2690.14M	4008.56M	4372.28M
Free cash flow	19814.44M	27963.85M	5269.66M	-9743.14M	-20346.71M

Peer Comparison*

Sector: Industrials Industry: Airports & Air Services

Stock Name	Change (USD)	Price (USD)	Trailing PE (x)	Forward PE (x)	Price Sales TTM (x)	Price to Book Value (x)	Enterprise Value to Revenue (x)	Enterprise Value to EBITDA (x)
APTPF Airports of Thailand Public Company Limited	- -%	1.78	28.25	38.17	0.28	5.39	12.18	21.76
ANNSF Aena S.M.E. S.A	- -%	31.24	18.56	17.54	7.50	4.50	6.76	10.89
ANYYY Aena S.M.E. S.A	-0.20 1.26%	15.65	18.48	17.04	7.39	4.37	6.81	10.96
AIPUY Airports of Thailand PCL ADR	1.35 6.94%	20.80	45.18	36.50	0.38	5.15	12.23	21.86
ARRPY Aeroports de Paris SA	- -%	11.58	29.67	19.76	1.97	2.63	2.86	9.09

Profile*

Airports of Thailand Public Company Limited

Address

No. 333, Cherdwutagard Road, Bangkok, Thailand, 10210

Contact

66 2 535 1192

Website

https://www.airportthai.co.th

Name	Title	Year Born
Mr. Nitinai Sirismatthakarn	Pres, Sec. of the Board of Directors & Director	1971
Mr. Chenwit Musikarat	Sr. Exec. VP of Accounting & Fin. and CFO	1967
Ms. Chadanisa Chumnanvej	Sr. Exec. VP of HR & Admin.	1968
Mr. Sirote Duangratana	Sr. Exec. VP of Bus. Devel. & Marketing	1968
Ms. Dalad Asaves	EVP & Deputy GM of Suvarnabhumi Airport - Commercial Ops Group	NA
Mr. Montri Mongkoldaow	Sr. Exec. VP of Regional Airports	1963
Ms. Suwanna Natpracha	Exec. VP of Regional Airports	1958
Ms. Wasana Lakkhongkha	Exec. VP of Legal Group	NA
Ms. Pichajarat Pengpinij	Exec. VP of Corp. Sec. Group	NA
Ms. Wanporn Buasri	Exec. VP of HR & Admin.	NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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