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Airports of Thailand Public Company Limited

Airports of Thailand Public Company Limited

APTPF
Airports of Thailand Public Company LimitedUS flagOther OTC
1.59
USD
- -
- -
22.71BMarket Cap
Airports of Thailand Public Company Limited
APTPF
(Other OTC)

Recent

price

1.59

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
1.69
2.01
2.13
2.58
2.63
3.08
3.57
3.84
4.24
4.39
2.18
0.5
1.16
3.37
4.7
4.67
4.66
Revenue per Share
0.14
0.16
0.45
1.14
0.86
1.31
1.35
1.45
1.76
1.75
0.3
-1.14
-0.78
0.62
1.34
1.27
1.27
Basic EPS, GAAP
0.95
0.93
0.75
1.27
0.78
1.29
1.78
1.52
1.68
1.61
-0.94
-1.42
-0.68
0.37
1.96
1.39
1.87
Free Cash Flow per Basic Share
0.04
0.05
0.08
0.18
0.46
0.49
0.5
0.68
0.86
1.05
1.05
0.19
- -
- -
0.36
0.84
0.85
Dividend per Share
3.99
4.06
4.43
5.4
5.76
6.51
7.36
8.13
9.03
9.74
8.94
6.83
6.05
6.7
7.68
8.16
8.11
Book Value per Share
4.81
5.01
5.4
6.38
6.77
7.51
8.4
9.19
10.07
10.79
9.97
7.88
7.09
7.77
8.77
9.23
9.19
Tangible Book Value per Share
14,260
14,286
14,286
14,286
14,286
14,286
14,286
14,286
14,286
14,286
14,286
14,286
14,286
14,286
14,286
14,286
14,236
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
523,588
509,164
525,365

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
0.32
0.4
0.32
- -
1.34
2025
0.37
0.35
0.27
- -
1.27
2026
0.33
0.4
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.36
- -
- -
0.36
2025
0.01
0.78
- -
- -
0.84
2026
- -
0.81
- -
- -
- -
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Business
Airports of Thailand Public Company Limited (Ticker: APTPF) is a leading operator and developer of international airports in Thailand. The company primarily manages, operates, and develops major airports including Suvarnabhumi Airport, Don Mueang International Airport, Chiang Mai International Airport, Phuket International Airport, and Hat Yai International Airport. Its core products and services encompass airport management and operations, passenger and cargo terminal services, airport retail and commercial services, ground handling, aviation fuel supply, and airport facility development and maintenance. Airports of Thailand serves a broad customer base including domestic and international airlines, airport passengers, cargo clients, and commercial tenants operating within airport premises. The company operates extensively within Thailand and supports infrastructure to facilitate regional and international air travel. Headquartered in Bangkok, Thailand, Airports of Thailand was founded in 2002 as part of a government initiative to enhance national airport infrastructure and services. In the last 1-2 years, Airports of Thailand has undertaken significant strategic initiatives including expansions in airport infrastructure, enhanced commercial service offerings, and strategic partnerships to drive digital transformation and sustainability in airport operations. The company has focused on expanding capacity and improving passenger experience through technology deployments and operational enhancements. Additionally, Airports of Thailand has aligned its business strategy with environmental sustainability goals, reflecting global aviation trends toward greener airport management practices. Airports of Thailand's key business segments include airport operations and related services, commercial retail and concessions within airport terminals, ground support services, and airport facility construction and management. The company’s operations contribute significantly to Thailand's tourism and transportation sectors, supporting growth in passenger and cargo traffic while pursuing modernization and expansion of existing airport infrastructure. It remains a state-owned enterprise under the Ministry of Transport of Thailand, maintaining its national strategic importance and regulatory alignment. Overall, Airports of Thailand Public Company Limited offers comprehensive airport management and development services across multiple airports in Thailand, underpinned by recent strategic expansions in digital and sustainability initiatives enhancing its operational capabilities and passenger-centric service offerings.

Company News

APIChat

  • seekingalpha.com

    Airports of Thailand: A Buy Despite Concerns About Retail Revenues