Airports of Thailand Public Company Limited

Airports of Thailand Public Company Limited

AIPUY
Airports of Thailand Public Company LimitedUS flagOther OTC
19.40
USD
+1.23
- -
27.71BMarket Cap
Airports of Thailand Public Company Limited
AIPUY
(Other OTC)

Recent

price

19.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
16.85
20.13
21.28
25.77
26.31
30.78
35.67
38.43
42.38
43.95
21.83
4.96
11.59
33.7
46.98
46.68
46.65
Revenue per Share
1.43
1.55
4.55
11.44
8.55
13.11
13.52
14.48
17.62
17.52
3.02
-11.43
-7.76
6.15
13.43
12.69
12.71
Basic EPS, GAAP
9.51
9.32
7.46
12.66
7.83
12.91
17.83
15.25
16.81
16.14
-9.41
-14.24
-6.82
3.69
19.57
13.87
18.67
Free Cash Flow per Basic Share
0.42
0.55
0.8
1.8
4.6
4.94
5
6.83
8.6
10.5
10.5
1.9
0.01
0.01
3.61
8.37
8.45
Dividend per Share
39.87
40.58
44.33
53.97
57.62
65.08
73.6
81.33
90.35
97.37
89.42
68.26
60.5
66.99
76.82
81.61
81.05
Book Value per Share
48.06
50.11
54.03
63.8
67.66
75.07
83.98
91.89
100.71
107.87
99.75
78.81
70.87
77.71
87.68
92.26
91.92
Tangible Book Value per Share
1,426
1,429
1,429
1,429
1,429
1,429
1,429
1,429
1,429
1,429
1,429
1,429
1,429
1,429
1,429
1,429
1,424
Basic Weighted Avg Shares
24,033
28,758
30,405
36,810
37,585
43,969
50,962
54,901
60,537
62,783
31,179
7,086
16,560
48,141
67,121
66,679
66,405
Sales/Revenue/Turnover
18.32
18.12
35.05
41.57
40.26
52.79
47.17
46.97
50.73
48.64
19.22
-236.99
-67.12
30.33
40.97
38.05
36.99
Operating Margin (%)
7,625
7,866
4,669
4,775
5,650
6,188
6,404
5,645
5,642
5,851
5,441
9,027
8,932
8,870
11,404
12,042
11,861
Depreciation Expense
2,039
2,215
6,500
16,347
12,220
18,729
19,318
20,684
25,171
25,026
4,321
-16,322
-11,088
8,791
19,182
18,125
18,098
Net Income, GAAP
28.47
36.76
34.94
22.94
19.69
19.65
19.94
20.8
18.96
20.29
19.45
- -
- -
19.77
19.98
20.51
19.29
Effective Tax Rate (%)
8.49
7.7
21.38
44.41
32.51
42.6
37.91
37.67
41.58
39.86
13.86
-230.35
-66.96
18.26
28.58
27.18
27.25
Profit Margin (%)
14,112
15,328
19,711
23,633
28,475
35,060
44,465
50,927
53,865
54,605
35,158
7,889
-6,019
-4,279
6,861
12,744
12,963
Working Capital
56,987
58,039
51,407
37,328
30,679
28,202
27,261
19,609
13,768
10,571
8,275
60,848
57,991
51,464
47,393
43,362
39,006
LT Debt
69,846
72,277
77,795
91,740
97,247
107,801
120,314
131,689
144,269
154,539
143,032
113,421
102,519
112,178
126,399
132,841
131,882
Total Equity
2.31
2.46
5.06
8.67
9.02
13.51
13.05
13.1
15.43
14.5
2.97
- -
- -
6.92
12.36
11.08
11.21
Return on Invested Capital (%)
3.06
3.04
6.47
14.92
11.56
16.47
15.5
15.53
18.03
17.02
3.32
- -
- -
7.03
12.88
11.76
12.17
Return on Capital (%)
3.48
3.86
10.72
23.28
15.33
21.37
19.5
18.69
20.53
18.67
3.24
-14.49
-12.06
9.65
18.67
16.02
16.14
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'26
Mar'26
ST Debt
6,893
5,508
6,140
LT Borrowings
399
372
189
LT Finance Leases
42,963
38,787
38,817
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14,286
14,286
14,286
Market Capitalization
549,300
743,018
581,156

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'26
Mar'26
Total Current Assets
37,330
37,148
34,416
Cash, Cash Equivalents & STI
19,466
21,188
18,136
Accounts Receivable, Net
16,594
14,875
15,191
Inventories
714
568
534
Total Current Liabilities
24,586
20,777
21,452
Payables & Accruals
13,268
8,051
7,803
ST Debt
6,893
5,508
6,140
Deferred Revenue
1,714
2,340
2,247

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.72%
-0.62%
5.1%
Free Cash Flow
11.83%
49.34%
-29.14%
Net Income, GAAP
-62.78%
-115.28%
-5.51%
Sales/Revenue/Turnover
27.32%
57.18%
-0.66%
Total Cash Common Dividend
- -
5,660.73%
132.15%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,708
18,234
16,405
16,774
67,121
2025
17,664
17,906
15,343
15,766
66,679
2026
16,852
18,443
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.2
4
3.2
- -
13.43
2025
3.7
3.5
2.7
- -
12.69
2026
3.3
4
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
3.56
- -
- -
3.61
2025
0.14
7.82
- -
- -
8.37
2026
- -
8.1
- -
- -
- -
Business
Airports of Thailand Public Company Limited (AOT) operates and develops six international airports in Thailand, 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; provides hotel and restaurant services; offers ground aviation services such as equipment handling, warehouse management, and cleaning; delivers security services; and manages projects on perishable goods at Suvarnabhumi Airport. Headquartered in Bangkok and established in 2002 through the privatization of the state-owned Airports Authority of Thailand—with the Ministry of Finance holding a 70% stake—AOT focuses on enhancing airport capacity, connectivity, service quality, operational efficiency, and sustainability across its network serving domestic and international passengers, airlines, and commercial partners primarily in Thailand. In recent developments, AOT approved amendments to its duty-free concession contracts with King Power Duty Free Co., Ltd. in December 2025, maintaining minimum revenue guarantees while increasing revenue sharing percentages and extending operations at Suvarnabhumi, Don Mueang, Phuket, Chiang Mai, and Hat Yai airports; completed the grand opening of the SAT-1 terminal and third runway at Suvarnabhumi Airport; received government directives in November 2025 to study the takeover of 28 regional airports managed by the Department of Airports for improved national network efficiency; and acquired land in November 2024 for the Suvarnabhumi East Expansion project.

Company News

APIChatGPT
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