How does BA's PE Ratio compare to its peers?

BA is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (17x).

How does BA's PE Ratio compare vs other companies in the Asian Airlines Industry?

BA is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the Asian Airlines industry average (11.3x).

What is BA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BA is good value based on its Price-To-Earnings Ratio (17.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).

What is the Fair Price of BA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

BA (THB23.8) is trading below our estimate of [[fair value]] (THB46.56)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Bangkok Airways (SET:BA) - Stock Price, News & Analysis

BA Stock Overview

Provides air transportation and airport services. More details

BA fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	2/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 48.9% below our estimate of its fair value

Earnings are forecast to grow 8.42% per year

Risk Analysis

Unstable dividend track record

Profit margins (11.7%) are lower than last year (17.8%)

Bangkok Airways Public Company Limited Competitors

Asia Aviation

SET:AAV

฿37.0b

SCGJWD Logistics

SET:SJWD

฿20.8b

Bangkok Expressway and Metro

SET:BEM

฿112.3b

Don Muang Tollway

SET:DMT

฿13.6b

Price History & Performance

Summary of all time highs, changes and price drops for Bangkok Airways
Historical stock prices
Current Share Price	฿23.80
52 Week High	฿26.00
52 Week Low	฿13.80
Beta	0.74
11 Month Change	2.59%
3 Month Change	5.31%
1 Year Change	56.58%
33 Year Change	118.35%
5 Year Change	232.87%
Change since IPO	8.18%

Recent updates

Shareholder Returns

	BA	TH Airlines	TH Market
7D	0.4%	3.2%	0.8%
1Y	56.6%	5.3%	3.1%

Return vs Industry: BA exceeded the TH Airlines industry which returned 5.3% over the past year.

Return vs Market: BA exceeded the TH Market which returned 3.1% over the past year.

Price Volatility

Is BA's price volatile compared to industry and market?
BA volatility
BA Average Weekly Movement	4.9%
Airlines Industry Average Movement	4.4%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.4%

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

Volatility Over Time: BA's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1968	n/a	Puttipong Prasarttong-Osoth	www.bangkokair.com

Bangkok Airways Public Company Limited, together with its subsidiaries, provides air transportation and airport services. It operates through Airline, Airport, and Supporting Airline Business segments. The Airline segment engages in the sale of tickets, as well as the provision of services for passengers.

Bangkok Airways Public Company Limited Fundamentals Summary

How do Bangkok Airways's earnings and revenue compare to its market cap?
BA fundamental statistics
Market cap	฿50.61b
Earnings (TTM)	฿2.91b
Revenue (TTM)	฿24.90b

17.2x

P/E Ratio

2.0x

P/S Ratio

Is BA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BA income statement (TTM)
Revenue	฿24.90b
Cost of Revenue	฿17.27b
Gross Profit	฿7.63b
Other Expenses	฿4.72b
Earnings	฿2.91b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.39
Gross Margin	30.65%
Net Profit Margin	11.69%
Debt/Equity Ratio	58.7%

How did BA perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

79%

Payout Ratio

BA Stock Overview

Rewards

Risk Analysis

Bangkok Airways Public Company Limited Competitors

SET:AAV

฿37.0b

SET:SJWD

฿20.8b

SET:BEM

฿112.3b

SET:DMT

฿13.6b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: ฿0.32 (vs ฿0.91 in 3Q 2023)

Price target increased by 7.3% to ฿27.17

Upcoming dividend of ฿0.60 per share

Investor sentiment improves as stock rises 18%

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 9.6% to ฿23.61

Recent updates

Third quarter 2024 earnings released: EPS: ฿0.32 (vs ฿0.91 in 3Q 2023)

Price target increased by 7.3% to ฿27.17

Upcoming dividend of ฿0.60 per share

Investor sentiment improves as stock rises 18%

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 9.6% to ฿23.61

Consensus EPS estimates increase by 11%

Price target increased by 7.2% to ฿20.38

Consensus EPS estimates increase by 25%

First quarter 2024 earnings released: EPS: ฿0.89 (vs ฿0.42 in 1Q 2023)

Bangkok Airways Public Company Limited Announces Appointment of Prasert Prasarttong-Osoth as Chairman of the Board

Bangkok Airways Public Company Limited Approves Dividend Payment of the Year 2023, Payable on April 23, 2024

Bangkok Airways Public Company Limited Announces Demise of Kaset Rochananil, Chairman of the Board and Independent Director

Consensus EPS estimates increase by 27%

New major risk - Revenue and earnings growth

Upcoming dividend of ฿0.50 per share

Bangkok Airways Public Company Limited, Annual General Meeting, Apr 09, 2024

Full year 2023 earnings released: EPS: ฿1.48 (vs ฿1.01 loss in FY 2022)

Bangkok Airways Public Company Limited Proposes Cash Dividend for the Period from 1 January 2023 to 31 December 2023, Payable on 23 April 2024

Upcoming dividend of ฿0.50 per share at 6.5% yield

Bangkok Airways Public Company Limited Announces Cash Dividend, Payable on 12 December, 2023

New major risk - Revenue and earnings growth

Price target increased by 7.4% to ฿19.44

Consensus EPS estimates increase by 21%, revenue downgraded

Now 20% undervalued after recent price drop

Bangkok Airways Public Company Limited Announces Resignation of Visanu Prasarttongosoth as Director

Price target increased by 7.9% to ฿18.10

Consensus EPS estimates increase by 23%

Price target increased by 8.9% to ฿16.38

Second quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.40 loss in 2Q 2022)

Price target increased by 11% to ฿13.33

Third quarter 2022 earnings released: ฿0.19 loss per share (vs ฿3.39 loss in 3Q 2021)

Less than half of directors are independent

Consensus forecasts updated

Second quarter 2022 earnings released: ฿0.40 loss per share (vs ฿0.33 loss in 2Q 2021)

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to ฿11.54

Less than half of directors are independent

Consensus estimates of losses per share improve by 19%

Price target increased to ฿11.54

Consensus forecasts updated

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Bangkok Airways Public Company Limited, Annual General Meeting, Apr 19, 2022

Third quarter 2021 earnings released: ฿3.39 loss per share (vs ฿0.76 loss in 3Q 2020)

Less than half of directors are independent

Bangkok Airways Public Company Limited Announces Temporary Suspended Routes

Price target increased to ฿7.17

First quarter 2021 earnings released: ฿0.36 loss per share (vs ฿0.16 loss in 1Q 2020)

Price target decreased to ฿5.85

Full year 2020 earnings released: ฿2.57 loss per share (vs ฿0.17 profit in FY 2019)

Bangkok Airways Public Company Limited, Annual General Meeting, Apr 19, 2021

New 90-day high: ฿7.65

Price target raised to ฿7.92

New 90-day high: ฿6.70

New 90-day high: ฿5.80

Third quarter 2020 earnings released: ฿0.76 loss per share

New 90-day low: ฿4.98

New 90-day low: ฿5.25

New 90-day low - ฿5.30