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    Airlines, Airports & Air Services
Nok Airlines Public Company Limited

Nok Airlines Public Company Limited

NOKPF
Nok Airlines Public Company LimitedUS flagOther OTC
0.01
USD
- -
- -
37.29MMarket 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
3,168
4,582
131

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
Aug 7, 2014
Website
nokair.com
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Business
Nok Airlines Public Company Limited (NOKPF) operates as a low-cost carrier in Thailand, providing scheduled passenger air transportation services primarily from its main hub at Bangkok's Don Mueang International Airport; it offers flights to approximately 21 destinations across Thailand, China, and India using a fleet of 14 Boeing 737-800 aircraft; services include baggage handling, parcel and postal transport, and ancillary offerings such as web check-in, free 7kg carry-on baggage allowance, wider seating with advanced seat selection, and Nok Fan Club loyalty points program where members earn 1 point per 5 Thai baht spent on fares; the company also provides tourism-related services and emphasizes innovations like Apple Watch boarding and credit card scan payments. Founded in 2004 as Sky Asia Limited and renamed Nok Airlines Public Company Limited in 2013 upon listing on the Stock Exchange of Thailand, the company is headquartered in Bangkok, Thailand, with Thai Airways International holding an 8.91% stake alongside the majority Jurangkool family ownership. Recent developments include the decommissioning of its eight DHC-8-Q400 aircraft in 2023 to streamline operations and cut maintenance costs, boosting profitability with a net profit of THB734.78 million in the first half of 2024 versus a prior-year loss; the carrier plans to lease four additional Boeing 737-800s in 2025 and acquire six more over the decade while targeting THB5 billion in capital raising to enhance liquidity, acquire aircraft, and reduce debt ahead of exiting its court-supervised business rehabilitation in 2026; in December 2024, plan administrators sought a one-year extension of the rehabilitation process, originally approved in 2021 amid THB27 billion in debts now reduced to THB400 million outstanding, alongside revisions to fleet plans, financial projections, creditor terms, and fundraising strategies; Nok Air also intends to establish a base at Bangkok Suvarnabhumi Airport for feeder flights to Chiang Mai, Krabi, and Phuket, partnering with Thai Airways and other operators, and formed a strategic alliance with Agoda in 2025 for broader flight distribution; trading in its shares was suspended in 2023 and delisted effective January 9, 2025, following repeated delays in audited accounts.