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    Airlines, Airports & Air Services
Nok Airlines Public Company Limited

Nok Airlines Public Company Limited

NOKFF
Nok Airlines Public Company LimitedUS flagOther OTC
0.10
USD
-NaN
- -
33.56MMarket Cap
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
53.52
72.82
8.74
8.48
9.75
10.8
17.19
8.48
4.12
1.8
0.59
1.88
2.24
1.81
Basic EPS, GAAP
1.77
4.47
0.83
-0.33
-0.51
-1.86
-1.63
-1.23
-0.68
-2.19
-0.38
-0.7
0.01
-2.21
Free Cash Flow per Basic Share
2.33
6.97
0.82
-1.74
0.46
-0.92
-2.6
-1.65
-1.29
0.01
-0.02
-0.02
0.38
0.01
Dividend per Share
0.89
3.67
0.46
0.22
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
6.8
7.43
1.12
0.48
-0.04
-1.9
-2.69
-2.57
-2.31
-3.78
-4.07
-4.78
-4.76
-3.81
Tangible Book Value per Share
6.73
7.57
3.51
3.05
2.05
-0.27
0.57
-1.35
-1.17
-2.2
-2.53
-3.23
-3.22
-2.22
Basic Weighted Avg Shares
113
113
1,280
1,411
1,411
1,503
1,138
2,272
3,010
3,646
3,729
3,729
3,729
3,620
Sales/Revenue/Turnover
6,039
8,218
11,180
11,965
13,753
16,226
19,572
19,260
12,412
6,561
2,204
7,014
8,337
6,561
Operating Margin (%)
4.2
5.82
8.63
-7.3
-15.71
-23.73
-13.45
-22.88
-14.56
-80.11
-120.84
-22.05
6.32
-91.72
Depreciation Expense
44
50
51
70
82
102
123
122
112
2,452
1,572
382
368
2,452
Net Income, GAAP
200
505
1,066
-472
-726
-2,795
-1,854
-2,787
-2,051
-7,991
-1,436
-2,617
48
-7,991
Effective Tax Rate (%)
31.6
2.92
3.04
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
3.31
6.14
9.54
-3.94
-5.28
-17.23
-9.47
-14.47
-16.53
-121.79
-65.12
-37.31
0.57
-121.79
Working Capital
712
827
4,443
3,196
2,457
-564
-938
-4,495
-5,243
-16,194
-1,042
-3,053
-3,905
-16,194
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
235
11,483
11,091
10,318
235
Total Equity
797
888
4,543
4,349
2,942
-340
691
-3,032
-3,468
-8,002
-9,402
-12,026
-11,979
-8,002
Return on Invested Capital (%)
21.89
52.34
33.92
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
26.57
61.9
91.28
- -
- -
- -
- -
- -
- -
- -
- -
- -
-12.68
1,265.82
Return on Common Equity (%)
26.57
62.87
93.66
-44.7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

•

in mil. unless spec.
Jun'20
Sep'20
Dec'20
ST Debt
7,492
15,192
14,179
LT Borrowings
- -
- -
- -
LT Finance Leases
11,129
19
235
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,729
3,729
3,729
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Jun'20
Sep'20
Dec'20
Total Current Assets
8,069
13,501
2,583
Cash, Cash Equivalents & STI
1,388
1,280
1,947
Accounts Receivable, Net
658
80
105
Inventories
84
92
99
Total Current Liabilities
17,220
19,289
18,777
Payables & Accruals
4,530
3,431
4,104
ST Debt
7,492
15,192
14,179
Deferred Revenue
496
307
233

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-80.02%
38.03%
-0.4%
Free Cash Flow
-357.29%
-588.39%
-2,551.94%
Net Income, GAAP
37.29%
32.32%
-101.82%
Sales/Revenue/Turnover
14.69%
17.59%
18.87%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
7,014
2023
- -
1,701
2,156
- -
8,337
2024
- -
1,532
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
-0.7
2023
- -
-0.24
- -
- -
0.01
2024
- -
0.18
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Wutthiphum Jurangkool
Full Time Employees
1,100
Sector
Industrials
Industry
Airlines, Airports & Air Services
Address
222 Central Building Bangkok Thailand 10120
IPO Date
Jan 28, 2021
Website
nokair.com
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Business
Nok Airlines Public Company Limited (NOKFF) operates as a low-cost carrier in Thailand, providing air transport services for passengers, parcels, and mail primarily from bases at Don Mueang International Airport in Bangkok and expanding to Suvarnabhumi Airport. The company offers domestic flights connecting 21 airports across Thailand; international services to destinations in India and China; premium economy and economy seating configurations on its Boeing 737-800 aircraft fleet of 14 planes, each featuring 189 seats, free onboard Wi-Fi, complimentary 7 kg carry-on baggage allowance, advanced seat selection, and Nok points loyalty program rewards; cargo handling for parcels and postal services; and ancillary tourism-related offerings. Nok Air, the operating brand under Nok Airlines, maintains joint maintenance agreements with Thai Airways International, Air France, StandardAero for CFM56-7B engines, and GA Telesis Engine Services for fleet-wide MRO programs; provides in-flight enhancements via partnerships such as Moment's Flymingo Box for wireless streaming, e-commerce, and advertising; and supports feeder flight collaborations with Thai Airways and other carriers. Founded in 2004 as Sky Asia Limited and renamed Nok Airlines Public Company Limited in 2013, the company lists on the Stock Exchange of Thailand since June 2013 and is headquartered at 222 Central Building in Bangkok, Thailand, with Thai Airways International as its major shareholder alongside other investors. Recent developments include decommissioning its Dash 8-400 turboprops in 2023 and transitioning to an all-Boeing 737-800 fleet; plans for a 5 billion baht capital injection in 2025 to exit rehabilitation by 2026, alongside leasing four additional B737-800s by 2025 and acquiring six more aircraft by decade's end; expansion of routes from Suvarnabhumi to Chiang Mai, Krabi, and Phuket; multi-year engine MRO contracts awarded to StandardAero in June 2025 and GA Telesis in September 2025; and a November 2025 partnership with Moment for advanced in-flight entertainment and revenue-generating digital services.