AAV-R Stock Overview

Provides airline services in Thailand. More details

AAV-R fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	6/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 48.5% below our estimate of its fair value

Earnings grew by 674.2% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 22.7% per year for the next 3 years

My Notes

Capture your thoughts, links and company narrative

Asia Aviation Public Company Limited Competitors

Bangkok Airways

SET:BA

฿43.7b

SCGJWD Logistics

SET:SJWD

฿17.2b

Capital A Berhad

KLSE:CAPITALA

RM 4.1b

Samart Aviation Solutions

SET:SAV

฿12.4b

Price History & Performance

Summary of share price highs, lows and changes for Asia Aviation
Historical stock prices
Current Share Price	฿2.40
52 Week High	฿2.96
52 Week Low	฿1.94
Beta	1.17
1 Month Change	-14.29%
3 Month Change	-11.11%
1 Year Change	14.29%
3 Year Change	-3.23%
5 Year Change	15.38%
Change since IPO	-35.14%

Recent updates

Shareholder Returns

	AAV-R	TH Airlines	TH Market
7D	-7.0%	-1.6%	-1.2%
1Y	14.3%	11.4%	-3.8%

Return vs Industry: AAV-R exceeded the TH Airlines industry which returned 11.4% over the past year.

Return vs Market: AAV-R exceeded the TH Market which returned -3.8% over the past year.

Price Volatility

Is AAV-R's price volatile compared to industry and market?
AAV-R volatility
AAV-R Average Weekly Movement	4.3%
Airlines Industry Average Movement	4.0%
Market Average Movement	4.4%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: AAV-R has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: AAV-R's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	n/a	Santisuk Klongchaiya	www.aavplc.com

Asia Aviation Public Company Limited provides airline services in Thailand. The company operates through two segments, Scheduled Flight Operations and Charter Flight Operations. The Scheduled Flight Operations segment offers passenger air transportation services to routine destinations for scheduled flights.

Asia Aviation Public Company Limited Fundamentals Summary

How do Asia Aviation's earnings and revenue compare to its market cap?
AAV-R fundamental statistics
Market cap	฿30.84b
Earnings (TTM)	฿5.93b
Revenue (TTM)	฿51.40b

5.2x

P/E Ratio

0.6x

P/S Ratio

Is AAV-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AAV-R income statement (TTM)
Revenue	฿51.40b
Cost of Revenue	฿41.09b
Gross Profit	฿10.31b
Other Expenses	฿4.37b
Earnings	฿5.93b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.46
Gross Margin	20.05%
Net Profit Margin	11.55%
Debt/Equity Ratio	64.2%

How did AAV-R perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/10 20:33
End of Day Share Price	2025/01/10 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Asia Aviation Public Company Limited is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Prasit Rattanakijkamol	Asia Plus Securities Company Limited
Patrick Xu	Barclays
Somkij Oranchatchawan	BNP Paribas Securities (Asia)