Bank of Ayudhya Public Company Limited

Bank of Ayudhya Public Company Limited

BAY-R.BK
Bank of Ayudhya Public Company LimitedTH flagStock Exchange of Thailand
44.25
THB
-0.75
- -
325.49BMarket Cap
Bank of Ayudhya Public Company Limited
BAY-R.BK
(Stock Exchange of Thailand)

Recent

price

44.25

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
8.92
9.1
10.04
10.58
11.79
11.48
12.46
13.71
14.94
15.25
14.92
14.67
15.26
18.75
20.58
21.06
21.83
Revenue per Share
1.45
1.53
2.41
1.95
2.33
2.54
2.91
3.16
3.37
4.45
3.13
4.59
4.18
4.48
4.04
4.31
4.46
Basic EPS, GAAP
1.51
-15.43
9.75
-2.4
2.54
5.96
-1.35
-2.92
4.43
-5.27
10.76
5.9
-0.6
3.26
2.17
9.92
9.3
Free Cash Flow per Basic Share
0.4
0.7
0.75
0.8
0.8
0.84
0.81
0.86
0.87
0.87
0.45
0.75
0.86
0.86
0.86
0.93
0.93
Dividend per Share
13.17
13.48
15.11
16.28
17.65
17.97
19.97
22.26
24.7
28.1
30.33
34.36
37.78
41.37
44.53
48.01
49.2
Book Value per Share
14.24
14.92
16.13
17.56
19.28
24.01
26.11
28.44
30.87
34.7
37
40.95
44.19
46.21
49.43
54.54
55.87
Tangible Book Value per Share
6,074
6,074
6,074
6,074
6,074
7,342
7,356
7,356
7,356
7,356
7,356
7,356
7,356
7,356
7,356
7,356
7,356
Basic Weighted Avg Shares
54,201
55,285
60,999
64,284
71,622
84,317
91,651
100,819
109,913
112,191
109,717
107,933
112,231
137,903
151,361
154,898
160,603
Sales/Revenue/Turnover
22.77
- -
31.16
23.92
25.63
28.04
29.56
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
2,517
2,911
2,698
2,985
3,324
3,352
3,657
3,887
3,945
4,008
5,049
4,761
4,569
4,916
6,345
7,015
7,291
Depreciation Expense
8,793
9,264
14,625
11,864
14,170
18,634
21,404
23,209
24,813
32,749
23,040
33,794
30,713
32,930
29,700
31,738
32,823
Net Income, GAAP
28.56
40.41
22.82
24.75
21.96
20.25
19.96
19.59
20.43
19.65
19.18
19.58
20.24
20.16
22.77
18.75
17.9
Effective Tax Rate (%)
16.22
16.76
23.98
18.46
19.78
22.1
23.35
23.02
22.57
29.19
21
31.31
27.37
23.88
19.62
20.49
20.44
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
99,365
231,304
203,450
220,705
191,093
378,510
471,220
421,421
399,747
427,788
378,756
302,985
372,565
401,560
257,667
325,388
335,577
LT Debt
99,104
102,696
113,394
121,553
131,670
190,748
208,768
225,987
243,718
272,116
289,179
318,237
341,759
371,454
395,809
440,091
449,797
Total Equity
3.97
- -
4.46
3.47
4.25
4.19
3.45
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
11.46
11.45
16.84
12.45
13.75
15.59
15.36
14.94
14.36
16.86
10.72
14.2
11.58
11.31
9.4
9.32
9.42
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
333,032
325,388
335,577
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,356
7,356
7,356
Market Capitalization
172,860
191,250
187,572

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
130,635
368,883
151,878
Accounts Receivable, Net
14,857
14,564
14,346
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
5,180
54,155
4,361
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.73%
8.78%
11.19%
Free Cash Flow
-125.78%
-95.46%
357.95%
Net Income, GAAP
7.44%
8.37%
6.86%
Sales/Revenue/Turnover
6.49%
7.46%
2.34%
Total Cash Common Dividend
4.48%
17.87%
8.26%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
38,041
39,120
37,853
36,347
151,361
2025
36,220
37,224
42,307
39,140
154,898
2026
41,932
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.03
1.12
1.04
- -
4.04
2025
1.02
1.13
1.19
- -
4.31
2026
1.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.46
0.4
- -
0.86
2025
- -
0.46
0.4
- -
0.93
2026
- -
- -
- -
- -
- -
Business
Bank of Ayudhya Public Company Limited (Krungsri) operates as Thailand's fifth largest universal bank in terms of loans and deposits, providing a full range of commercial banking products and services to individual consumers, small and medium-sized enterprises, large corporations, and financial institutions through its retail, commercial, and other segments. The retail segment offers current and savings accounts, fixed deposits, bills of exchange, housing loans, credit cards, personal loans, sales finance loans, hire-purchase and leasing, wealth management, and bancassurance products; the commercial segment delivers credit facilities including short-term working capital, cash management, trade finance, transactional banking, advisory services, treasury and money market products, refinancing, venture capital, car rental, personnel services, collection services, mutual funds, private fund management, factoring, information technology services, microfinance, real estate leasing, asset management, and securities brokerage, as well as life assurance and general insurance broking; additional operations encompass non-performing asset management and development. Krungsri maintains approximately 700 branches, including 663 banking branches and 37 auto business branches, plus over 35,000 service outlets nationwide, primarily serving the Thai market while pursuing ASEAN expansion, and operates as a subsidiary of MUFG Bank, Ltd. Founded in 1945 and headquartered at 1222 Rama III Road in Bangkok, Thailand, the bank listed its ordinary shares on the Stock Exchange of Thailand in 1977. Recent developments include accelerating the acquisition of the remaining 50% stake in SHB Finance in Vietnam, anticipated for completion by mid-2025 pending regulatory approval to bolster its ASEAN footprint; launching five new Retirement Mutual Funds in October 2025, such as Krungsri Japan Equity Index RMF, Krungsri China Equity CSI 300 RMF, and Krungsri Global Dividend RMF; advancing the "GO ASEAN with Krungsri" strategy through partnerships like ASEAN Privilege with King Power and The Mall Group, plus forthcoming alliances with Thai hospital groups; introducing cross-border QR payments to Hong Kong via the KMA Krungsri app; and advising on major deals including Thailand's largest 2024 renewable energy M&A, a 90% stake sale in a 139.4-megawatt solar portfolio valued at 4,828 million baht in partnership with MUFG, alongside initiatives targeting high-growth sectors like bio green technology, semiconductors, food innovation, and smart agriculture across ASEAN.