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Samart Aviation Solutions Public Company Limited

Samart Aviation Solutions Public Company Limited

SAV.BK
Samart Aviation Solutions Public Company LimitedTH flagStock Exchange of Thailand
11.50
THB
+0.40
- -
7.34BMarket Cap
Samart Aviation Solutions Public Company Limited
SAV.BK
(Stock Exchange of Thailand)

Recent

price

11.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
TTM
FRC
0.71
1.9
2.77
2.74
3.24
3.23
Revenue per Share
-0.12
0.31
0.46
0.73
0.85
0.86
Basic EPS, GAAP
-0.18
0.36
0.51
0.8
1.03
0.97
Free Cash Flow per Basic Share
- -
- -
0.81
0.29
0.9
0.42
Dividend per Share
0.18
0.49
0.23
0.64
0.57
0.79
Book Value per Share
-1.21
-1.02
0.27
0.74
0.33
0.6
Tangible Book Value per Share
640
640
594
640
639
639
Basic Weighted Avg Shares
456
1,218
1,644
1,756
2,071
2,062
Sales/Revenue/Turnover
-14.1
23.47
25.62
33.65
33.54
34
Operating Margin (%)
70
68
64
68
73
62
Depreciation Expense
-74
200
272
464
546
547
Net Income, GAAP
- -
21.17
24.95
21.7
22.08
22.25
Effective Tax Rate (%)
-16.31
16.39
16.51
26.45
26.36
26.53
Profit Margin (%)
321
83
400
739
724
927
Working Capital
1,114
741
1
1
- -
- -
LT Debt
143
339
1,276
1,525
1,377
1,580
Total Equity
- -
15.35
21.24
32.72
36.3
34.62
Return on Invested Capital (%)
- -
15.96
34.36
170.86
142.08
104.39
Return on Capital (%)
- -
92.49
119.67
169.22
141.11
103.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
638
638
638
Market Capitalization
7,799
7,479
7,026

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
946
1,118
1,228
Cash, Cash Equivalents & STI
737
871
982
Accounts Receivable, Net
146
179
176
Inventories
- -
- -
- -
Total Current Liabilities
367
395
301
Payables & Accruals
127
176
59
ST Debt
- -
- -
- -
Deferred Revenue
210
202
218

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-9.73%
Free Cash Flow
- -
- -
27.75%
Net Income, GAAP
- -
- -
17.55%
Sales/Revenue/Turnover
- -
- -
17.96%
Total Cash Common Dividend
- -
- -
211.28%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
408
440
435
473
1,756
2025
499
476
590
506
2,071
2026
491
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.18
0.2
- -
0.73
2025
0.22
0.2
0.2
- -
0.85
2026
0.22
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.29
2025
- -
- -
0.42
- -
0.9
2026
- -
- -
- -
- -
- -
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Business
Samart Aviation Solutions Public Company Limited (SAV.BK), an investment holding company and subsidiary of Samart U-Trans Co., Ltd., provides air navigation and air traffic control services primarily in Cambodia through its key subsidiary Cambodia Air Traffic Services (CATS), with operations extending to Laos and Thailand; core offerings encompass air traffic management, aeronautical communications, aeronautical information services, flight procedure design, passenger and baggage handling systems, cargo handling solutions, ground support equipment, billing and payment processing programming, website design, hardware maintenance, and other IT software solutions for airports and airlines. Founded in 2017 and headquartered at 99/11 Moo 4, Software Park Building, 25th Floor, Chaengwattana Road, Klong Glua, Pak Kret, Nonthaburi 11120, Thailand, the company serves airport authorities and aviation stakeholders across Southeast Asia, focusing on enhancing operational efficiency, safety, and capacity through advanced technological integrations. Recent strategic developments include ongoing negotiations with the Laotian government for a memorandum of understanding to assume air traffic control responsibilities, anticipated by late 2024, alongside a partnership with Dan-Thai Equipment Co., Ltd. to expand into airport equipment provision, material handling, passenger services, and diversified aviation ventures with project values estimated at Bt1-2 billion, positioning the company for earnings growth in 2025.