Thai Airways International Public Company Limited Logo

Thai Airways International Public Company Limited

THAI.BK

(1.8)
Stock Price

3,32 THB

11.66% ROA

-52.79% ROE

0.27x PER

Market Cap.

7.246.796.400,00 THB

-300.72% DER

0% Yield

17.85% NPM

Thai Airways International Public Company Limited Stock Analysis

Thai Airways International Public Company Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Thai Airways International Public Company Limited Fundamental Stock Analysis
# Analysis Rating
1 PBV

With a remarkably low PBV ratio (-0.13x), the stock offers substantial upside potential at a bargain price.

2 DER

The stock has a low debt to equity ratio (-285%), which means it has a small amount of debt compared to the ownership it holds

3 ROA

The stock's ROA (9.4%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

4 Assets Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

5 Graham Number

The Graham number calculation reveals that this company's stock price is potentially underestimated, implying that it may be a promising investment option.

6 ROE

Negative ROE (-31.25%) indicates poor financial performance, raising concerns about profitability and efficiency in utilizing shareholders' equity.

7 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

8 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

9 Dividend Growth

The company's dividend growth has remained flat for the past three years, offering no indication of improved returns and making it a less advantageous investment opportunity.

10 Dividend

The company has not distributed any dividends in the past three years, which may raise concerns for investors looking for regular income from their investments.

11 Buffet Intrinsic Value

The company's stock presents a potential concern as it appears overvalued (-139) by Warren Buffett's formula, indicating that its market price exceeds its estimated intrinsic value.

Thai Airways International Public Company Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Thai Airways International Public Company Limited Technical Stock Analysis
# Analysis Recommendation

Thai Airways International Public Company Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Thai Airways International Public Company Limited Revenue
Year Revenue Growth
2003 134.536.283.369
2004 152.603.021.312 11.84%
2005 162.488.221.099 6.08%
2006 178.606.883.856 9.02%
2007 192.037.022.029 6.99%
2008 200.117.980.632 4.04%
2009 161.602.742.485 -23.83%
2010 180.588.682.966 10.51%
2011 190.997.191.981 5.45%
2012 209.435.779.040 8.8%
2013 206.967.123.797 -1.19%
2014 188.367.611.175 -9.87%
2015 182.727.357.021 -3.09%
2016 178.312.499.436 -2.48%
2017 189.856.980.455 6.08%
2018 195.965.140.402 3.12%
2019 180.279.626.744 -8.7%
2020 47.716.455.308 -277.81%
2021 21.572.187.210 -121.19%
2022 103.866.915.262 79.23%
2023 145.898.384.444 28.81%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Thai Airways International Public Company Limited Research and Development Expenses
Year Research and Development Expenses Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Thai Airways International Public Company Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2003 0
2004 0 0%
2005 0 0%
2006 32.348.496.407 100%
2007 33.778.575.368 4.23%
2008 35.176.536.343 3.97%
2009 30.630.451.119 -14.84%
2010 36.161.992.826 15.3%
2011 3.386.356.634 -967.87%
2012 4.157.061.125 18.54%
2013 4.431.500.377 6.19%
2014 4.638.372.174 4.46%
2015 7.806.296.286 40.58%
2016 4.607.373.812 -69.43%
2017 4.372.971.908 -5.36%
2018 4.368.418.725 -0.1%
2019 4.352.370.490 -0.37%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Thai Airways International Public Company Limited EBITDA
Year EBITDA Growth
2003 40.175.929.085
2004 31.400.788.336 -27.95%
2005 30.618.638.794 -2.55%
2006 25.615.617.041 -19.53%
2007 31.355.450.479 18.31%
2008 15.304.933.493 -104.87%
2009 31.997.632.296 52.17%
2010 34.214.307.595 6.48%
2011 21.093.029.714 -62.21%
2012 29.019.080.209 27.31%
2013 20.534.022.073 -41.32%
2014 3.581.255.642 -473.37%
2015 19.467.512.190 81.6%
2016 24.590.841.342 20.83%
2017 23.668.152.179 -3.9%
2018 12.874.190.758 -83.84%
2019 6.214.185.640 -107.17%
2020 -11.375.115.094 154.63%
2021 -4.262.072.154 -166.89%
2022 17.312.220.985 124.62%
2023 40.751.115.304 57.52%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Thai Airways International Public Company Limited Gross Profit
Year Gross Profit Growth
2003 134.536.283.369
2004 152.603.021.312 11.84%
2005 162.488.221.099 6.08%
2006 64.578.180.182 -151.61%
2007 74.822.894.839 13.69%
2008 60.851.848.661 -22.96%
2009 71.303.811.485 14.66%
2010 76.862.002.300 7.23%
2011 67.955.268.755 -13.11%
2012 22.958.868.377 -195.99%
2013 17.825.703.869 -28.8%
2014 355.710.833 -4911.29%
2015 16.816.199.745 97.88%
2016 24.257.277.106 30.68%
2017 26.892.687.497 9.8%
2018 13.958.403.605 -92.66%
2019 6.911.283.645 -101.97%
2020 -31.401.547.485 122.01%
2021 -13.798.052.259 -127.58%
2022 16.521.548.078 183.52%
2023 42.092.500.236 60.75%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Thai Airways International Public Company Limited Net Profit
Year Net Profit Growth
2003 12.079.394.469
2004 10.076.838.450 -19.87%
2005 6.776.651.464 -48.7%
2006 8.991.597.081 24.63%
2007 6.342.068.179 -41.78%
2008 -21.379.451.415 129.66%
2009 7.343.578.865 391.13%
2010 15.349.692.867 52.16%
2011 -10.196.973.124 250.53%
2012 6.228.972.723 263.7%
2013 -12.047.374.024 151.7%
2014 -15.611.620.793 22.83%
2015 -13.067.671.941 -19.47%
2016 15.139.579 86414.63%
2017 -2.107.345.043 100.72%
2018 -11.625.168.787 81.87%
2019 -12.016.470.577 3.26%
2020 -141.179.897.498 91.49%
2021 55.118.210.406 356.14%
2022 -251.610.802 22006.14%
2023 6.150.745.472 104.09%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Thai Airways International Public Company Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2003 9
2004 6 -33.33%
2005 4 -50%
2006 5 20%
2007 4 -66.67%
2008 -13 125%
2009 4 400%
2010 8 50%
2011 -5 300%
2012 3 300%
2013 -6 140%
2014 -7 28.57%
2015 -6 -40%
2016 0 0%
2017 -1 0%
2018 -5 100%
2019 -6 0%
2020 -65 92.19%
2021 25 356%
2022 0 0%
2023 3 100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Thai Airways International Public Company Limited Free Cashflow
Year Free Cashflow Growth
2003 18.696.282.227
2004 3.971.607.160 -370.75%
2005 -26.523.910.123 114.97%
2006 2.118.086.152 1352.26%
2007 4.780.059.113 55.69%
2008 -10.167.912.505 147.01%
2009 11.996.356.917 184.76%
2010 18.583.837.875 35.45%
2011 -3.461.341.427 636.9%
2012 12.565.946.358 127.55%
2013 -3.429.706.235 466.39%
2014 -2.546.896.956 -34.66%
2015 14.651.263.407 117.38%
2016 18.861.009.700 22.32%
2017 20.073.746.814 6.04%
2018 13.529.177.286 -48.37%
2019 11.379.773.350 -18.89%
2020 -10.267.166.421 210.84%
2021 -9.982.796.896 -2.85%
2022 28.872.813.552 134.58%
2023 9.655.148.602 -199.04%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Thai Airways International Public Company Limited Operating Cashflow
Year Operating Cashflow Growth
2003 23.280.106.959
2004 27.567.948.834 15.55%
2005 19.540.546.710 -41.08%
2006 22.805.291.911 14.32%
2007 27.524.308.185 17.14%
2008 11.371.164.359 -142.05%
2009 28.523.033.878 60.13%
2010 28.267.625.745 -0.9%
2011 9.166.697.183 -208.37%
2012 31.162.697.656 70.58%
2013 25.733.970.408 -21.1%
2014 6.018.598.583 -327.57%
2015 18.566.635.170 67.58%
2016 24.558.529.824 24.4%
2017 23.691.855.877 -3.66%
2018 17.399.544.904 -36.16%
2019 14.818.015.325 -17.42%
2020 -9.814.461.221 250.98%
2021 -9.847.191.830 0.33%
2022 29.107.428.397 133.83%
2023 11.826.525.314 -146.12%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Thai Airways International Public Company Limited Capital Expenditure
Year Capital Expenditure Growth
2003 4.583.824.732
2004 23.596.341.674 80.57%
2005 46.064.456.833 48.78%
2006 20.687.205.759 -122.67%
2007 22.744.249.072 9.04%
2008 21.539.076.864 -5.6%
2009 16.526.676.961 -30.33%
2010 9.683.787.870 -70.66%
2011 12.628.038.610 23.32%
2012 18.596.751.298 32.1%
2013 29.163.676.643 36.23%
2014 8.565.495.539 -240.48%
2015 3.915.371.763 -118.77%
2016 5.697.520.124 31.28%
2017 3.618.109.063 -57.47%
2018 3.870.367.618 6.52%
2019 3.438.241.975 -12.57%
2020 452.705.200 -659.49%
2021 135.605.066 -233.84%
2022 234.614.845 42.2%
2023 2.171.376.712 89.2%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Thai Airways International Public Company Limited Equity
Year Equity Growth
2003 36.014.925.309
2004 54.119.365.580 33.45%
2005 58.994.691.250 8.26%
2006 65.434.573.188 9.84%
2007 67.749.805.138 3.42%
2008 45.602.822.259 -48.56%
2009 52.946.401.124 13.87%
2010 82.620.701.725 35.92%
2011 63.168.943.364 -30.79%
2012 68.919.953.127 8.34%
2013 56.829.644.213 -21.27%
2014 41.215.115.777 -37.89%
2015 32.855.947.566 -25.44%
2016 33.501.374.277 1.93%
2017 31.911.083.691 -4.98%
2018 20.456.334.131 -56%
2019 11.765.705.289 -73.86%
2020 -128.664.862.981 109.14%
2021 -71.250.478.279 -80.58%
2022 -71.024.636.426 -0.32%
2023 -54.705.944.902 -29.83%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Thai Airways International Public Company Limited Assets
Year Assets Growth
2003 165.094.910.697
2004 193.210.532.463 14.55%
2005 231.638.276.813 16.59%
2006 249.034.396.548 6.99%
2007 280.275.317.138 11.15%
2008 259.534.584.252 -7.99%
2009 271.694.087.157 4.48%
2010 293.760.004.142 7.51%
2011 274.444.700.679 -7.04%
2012 304.095.881.608 9.75%
2013 307.084.734.396 0.97%
2014 307.267.177.968 0.06%
2015 302.471.057.764 -1.59%
2016 283.123.865.006 -6.83%
2017 280.774.545.298 -0.84%
2018 268.721.196.362 -4.49%
2019 256.665.147.249 -4.7%
2020 208.790.915.397 -22.93%
2021 161.219.253.968 -29.51%
2022 198.177.719.230 18.65%
2023 234.290.231.223 15.41%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Thai Airways International Public Company Limited Liabilities
Year Liabilities Growth
2003 128.923.667.872
2004 138.886.776.031 7.17%
2005 172.426.186.629 19.45%
2006 183.353.224.666 5.96%
2007 145.679.529.188 -25.86%
2008 213.652.451.959 31.81%
2009 218.450.127.850 2.2%
2010 210.849.848.003 -3.6%
2011 211.009.484.059 0.08%
2012 234.277.443.645 9.93%
2013 250.165.995.319 6.35%
2014 265.971.245.590 5.94%
2015 269.545.366.940 1.33%
2016 249.535.673.224 -8.02%
2017 248.761.747.312 -0.31%
2018 248.264.862.231 -0.2%
2019 244.899.441.960 -1.37%
2020 337.455.778.378 27.43%
2021 232.469.732.247 -45.16%
2022 269.202.355.656 13.64%
2023 288.996.176.125 6.85%

Thai Airways International Public Company Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
70.54
Net Income per Share
12.5
Price to Earning Ratio
0.27x
Price To Sales Ratio
0.05x
POCF Ratio
0.15
PFCF Ratio
0.16
Price to Book Ratio
-0.13
EV to Sales
0.77
EV Over EBITDA
2.5
EV to Operating CashFlow
2.39
EV to FreeCashFlow
2.65
Earnings Yield
3.77
FreeCashFlow Yield
6.17
Market Cap
7,25 Bil.
Enterprise Value
118,39 Bil.
Graham Number
84.03
Graham NetNet
-96.71

Income Statement Metrics

Net Income per Share
12.5
Income Quality
1.81
ROE
-0.45
Return On Assets
0.11
Return On Capital Employed
0.21
Net Income per EBT
1.05
EBT Per Ebit
0.72
Ebit per Revenue
0.24
Effective Tax Rate
-0.05

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.03
Gross Profit Margin
0.32
Operating Profit Margin
0.24
Pretax Profit Margin
0.17
Net Profit Margin
0.18

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
22.65
Free CashFlow per Share
20.49
Capex to Operating CashFlow
-0.1
Capex to Revenue
-0.03
Capex to Depreciation
-0.44
Return on Invested Capital
0.21
Return on Tangible Assets
0.12
Days Sales Outstanding
37.73
Days Payables Outstanding
115.65
Days of Inventory on Hand
17.77
Receivables Turnover
9.67
Payables Turnover
3.16
Inventory Turnover
20.55
Capex per Share
-2.16

Balance Sheet

Cash per Share
29,04
Book Value per Share
-25,10
Tangible Book Value per Share
-25.06
Shareholders Equity per Share
-25.1
Interest Debt per Share
82.19
Debt to Equity
-3.01
Debt to Assets
0.7
Net Debt to EBITDA
2.35
Current Ratio
1.16
Tangible Asset Value
-54,84 Bil.
Net Current Asset Value
-197,82 Bil.
Invested Capital
-3.01
Working Capital
12,31 Bil.
Intangibles to Total Assets
0
Average Receivables
15,45 Bil.
Average Payables
18,68 Bil.
Average Inventory
4907771003
Debt to Market Cap
22.73

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Thai Airways International Public Company Limited Dividends
Year Dividends Growth
2002 2
2003 2 50%
2004 3 0%
2006 2 -100%
2007 2 0%
2008 2 50%
2010 0 0%
2011 1 100%
2013 1 0%

Thai Airways International Public Company Limited Profile

About Thai Airways International Public Company Limited

Thai Airways International Public Company Limited, together with its subsidiaries, engages in the operation of airlines. It operates through three segments: Air Transportation Activities, Business Units, and Other Activities. The Air Transportation Activities segment provides passenger, freight, and mail services. The Business Units segment offers cargo and mail commercial, ground customer, ground support equipment, and catering services. The Other Activities segment is involved in the transportation support activities, which include flight management services, sale of duty-free goods, and sale of souvenir products. It also provides aviation training, tourism, specialized personnel, and information technology services for the travel sector. The company was founded in 1959 and is headquartered in Bangkok, Thailand.

CEO
Mr. Chai Eamsiri
Employee
0
Address
89 Vibhavadi Rangsit Road
Bangkok, 10900

Thai Airways International Public Company Limited Executives & BODs

Thai Airways International Public Company Limited Executives & BODs
# Name Age
1 Ms. Cherdchome Therdsteerasukdi
Chief of Finance & Accounting
70
2 Mr. Surachai Piencharoensak
Executive Vice President of Technical Department
70
3 Squadron leader Soradej Namruangsri
Executive Vice President of Operations
70
4 Mr. Kobchai Srivilas
Senior Executive Vice President and Advisor for Special Project
70
5 Ms. Suvimol Bualerd
Executive Vice President of Human Resources
70
6 Mr. Peraphon Thawornsupacharoen
Chairman of the Executive Board
70
7 Mr. Krittaphon Chantalitanon
Executive Vice President of Corporate Strategy & Sustainable Development
70
8 Ms. Pamon-Montri Rhatchaya
Managing Director of Customer Services Department
70
9 Mr. Wiwat Piyawiroj
Executive Vice President of Commercial
70
10 Mr. Chai Eamsiri
Chief Executive Officer
70

Thai Airways International Public Company Limited Competitors