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Bangkok Aviation Fuel Services Public Co., Ltd.

Bangkok Aviation Fuel Services Public Co., Ltd.

9.90
THB
+0.10
(+1.02%)
0.26EPS
28.91P/E
6.50BMarket Cap
Nov 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.33
4.68
5.21
5.59
5.61
5.9
6.06
2.84
2.53
3.44
4.67
5.41
5.68
5.66
Basic EPS, GAAP
1.65
1.19
1.5
1.72
1.52
1.65
1.47
-0.59
-1.23
-0.44
-0.22
0.16
0.33
0.35
Free Cash Flow per Basic Share
1.72
1.05
1.61
0.55
-1.63
-3.66
0.01
-2.26
1.79
0.46
1.37
1.58
1.37
1.07
Dividend per Share
0.65
0.78
0.7
1.35
1.22
1.26
1.37
1.03
- -
- -
0.08
0.35
0.42
0.44
Book Value per Share
7.45
7.8
8.49
9.5
9.77
10.16
10.22
8.62
7.54
7.14
8.56
8.45
8.35
8.42
Tangible Book Value per Share
4.11
4.58
5.43
6.61
7.03
7.63
7.85
6.4
4.21
3.99
4.6
4.81
5.01
5.22
Basic Weighted Avg Shares
637
637
638
638
639
637
639
634
638
637
637
637
637
637
Sales/Revenue/Turnover
2,761
2,981
3,328
3,565
3,581
3,754
3,872
1,804
1,617
2,194
2,976
3,451
3,620
3,608
Operating Margin (%)
39.82
35.33
39.48
41.21
38.86
39.52
34.65
-17.36
-40.05
0.93
14.46
21.64
23.88
23.88
Depreciation Expense
369
474
498
538
558
561
645
794
972
904
860
876
891
885
Net Income, GAAP
1,053
758
958
1,097
971
1,051
940
-374
-785
-281
-138
103
212
225
Effective Tax Rate (%)
19.08
20.08
20.85
19.45
20.28
20.5
21.24
- -
- -
- -
- -
87.51
53.82
53.65
Profit Margin (%)
38.14
25.42
28.78
30.78
27.1
27.98
24.27
-20.74
-48.53
-12.82
-4.64
2.98
5.85
6.23
Working Capital
1,014
986
1,237
3,982
1,478
1,817
1,571
1,237
1,552
349
-403
-952
-631
-708
LT Debt
1,448
1,377
1,105
2,944
2,655
6,308
7,196
10,762
13,654
13,149
11,394
10,737
11,297
11,418
Total Equity
4,978
5,212
5,664
7,371
7,570
7,853
7,864
6,767
6,376
5,952
6,700
6,468
6,360
6,361
Return on Invested Capital (%)
14
12.04
14.59
13.48
10.24
9.3
7.23
- -
- -
- -
- -
0.48
2.08
2.04
Return on Capital (%)
16.45
11.57
13.91
12.54
9.66
8.73
7.09
- -
- -
- -
- -
1.31
2.77
2.71
Return on Common Equity (%)
23.84
15.6
18.45
19.14
15.8
16.54
14.47
-6.23
-15.24
-6.02
-2.76
1.9
3.96
4.18

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,532
1,792
1,473
LT Borrowings
9,763
9,577
9,901
LT Finance Leases
1,535
1,527
1,518
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
637
637
637
Market Capitalization
5,419
5,323
6,502

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,521
1,383
1,340
Cash, Cash Equivalents & STI
492
608
690
Accounts Receivable, Net
393
367
305
Inventories
96
86
97
Total Current Liabilities
2,152
2,343
2,047
Payables & Accruals
489
416
436
ST Debt
1,532
1,792
1,473
Deferred Revenue
100
103
113

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.78%
-1%
-1.67%
Free Cash Flow
-2,149.18%
-11.29%
-12.8%
Net Income, GAAP
-21.29%
-14.77%
106.05%
Sales/Revenue/Turnover
4.4%
16.36%
4.92%
Total Cash Common Dividend
- -
- -
20.02%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
849
816
842
941
3,451
2025
949
843
901
929
3,620
2026
952
827
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.07
0.04
-0.08
0.16
2025
0.22
0.09
0.07
-0.05
0.33
2026
0.24
0.09
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.09
0.21
- -
0.35
2025
0.05
0.14
0.22
- -
0.42
2026
0.05
0.17
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
L. Nathasit Diskul
Full Time Employees
410
Sector
Transportation
Industry
Other transportation
Address
171/2 Kamphaeng Phet 6 Road Bangkok BM Thailand 10210
IPO Date
Apr 4, 2002
Website
bafsthai.com
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Business
Bangkok Aviation Fuel Services Public Company Limited (BAFS) provides aviation fuel storage, aircraft refueling, and related services primarily at major Thai airports including Don Mueang, Suvarnabhumi, Samui, Sukhothai, and Trat; its core offerings encompass into-plane fueling via high-pressure hoses, hydrant pipeline networks, fuel depot operations with advanced storage tanks and automated control systems, and aircraft refueling vehicles such as hydrant dispensers and refuellers equipped with ARMS for precision and safety. The company operates through three segments: aviation, utilities and power involving renewable energy investments and fuel pipeline transportation, and business solutions covering innovation product development, technology licensing, and digital services; subsidiaries include Thai Aviation Refuelling Co., Ltd. (TARCO) managing Suvarnabhumi's hydrant system, BAFS INTECH Co., Ltd. designing and assembling electric and diesel refueling vehicles with maintenance and refurbishment services, and Global Aero Associates Co., Ltd. (GAA), a 2021 joint venture with PTT Oil and Retail Business Public Company Limited for aviation fuel systems in Thailand's Eastern Economic Corridor. Founded in 1983 and headquartered at 171/2 Kamphaeng Phet 6 Road, Don Mueang, Bangkok, Thailand, BAFS listed on the Stock Exchange of Thailand in 2002 and serves top airlines with Jet A-1 fuel under international standards like JIG and IATA guidelines, focusing on domestic and international flights in Southeast Asia. Recent developments include expansion into Cambodia with delivery of Thai-engineered aircraft refueling vehicles for its new international airport in mid-2025, Q3/2025 financial results showing 44 million baht profit amid upward trends driven by government measures and high season, Q2/2025 net profit of 56 million baht with approved dividend of 0.11 baht per share, and commitments to net zero carbon emissions by 2050 through science-based targets in environment, social, and governance initiatives.