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

SAV is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the peer average (18.6x).

How does SAV's PE Ratio compare vs other companies in the Asian Infrastructure Industry?

SAV is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the Asian Infrastructure industry average (14.4x).

What is SAV'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.

SAV is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.6x).

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

SAV (THB19.2) is trading above our estimate of [[fair value]] (THB16.53)

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

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

SAV Stock Overview

An investment holding company, provides air traffic control services in Cambodia. More details

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

Rewards

Earnings are forecast to grow 13.7% per year

Earnings grew by 49.3% over the past year

Analysts in good agreement that stock price will rise by 37.2%

Risk Analysis

Dividend of 3.13% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Samart Aviation Solutions Public Company Limited Competitors

Don Muang Tollway

SET:DMT

฿12.8b

Airports of Thailand

SET:AOT

฿850.0b

Asia Network International

SET:ANI

฿6.9b

Namyong Terminal

SET:NYT

฿3.6b

Price History & Performance

Summary of share price highs, lows and changes for Samart Aviation Solutions
Historical stock prices
Current Share Price	฿19.20
52 Week High	฿24.90
52 Week Low	฿15.20
Beta	0
1 Month Change	-9.00%
3 Month Change	-11.52%
1 Year Change	19.25%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	25.49%

Recent updates

Shareholder Returns

	SAV	TH Infrastructure	TH Market
7D	0%	-0.1%	0.9%
1Y	19.3%	-2.7%	-1.7%

Return vs Industry: SAV exceeded the TH Infrastructure industry which returned -2.3% over the past year.

Return vs Market: SAV exceeded the TH Market which returned -1.6% over the past year.

Price Volatility

Is SAV's price volatile compared to industry and market?
SAV volatility
SAV Average Weekly Movement	4.6%
Infrastructure Industry Average Movement	3.8%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

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

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

About the Company

Founded	Employees	CEO	Website
2017	n/a	n/a	www.samartaviation.com

Samart Aviation Solutions Public Company Limited, an investment holding company, provides air traffic control services in Cambodia. It offers air navigation services, including air traffic management, aeronautical communications, aeronautical information services, and flight procedure design services. The company was formerly known as SamartTransolutions Co., Ltd.

Samart Aviation Solutions Public Company Limited Fundamentals Summary

How do Samart Aviation Solutions's earnings and revenue compare to its market cap?
SAV fundamental statistics
Market cap	฿12.29b
Earnings (TTM)	฿403.39m
Revenue (TTM)	฿1.82b

30.5x

P/E Ratio

6.7x

P/S Ratio

Is SAV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SAV income statement (TTM)
Revenue	฿1.82b
Cost of Revenue	฿953.79m
Gross Profit	฿867.23m
Other Expenses	฿463.83m
Earnings	฿403.39m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.63
Gross Margin	47.62%
Net Profit Margin	22.15%
Debt/Equity Ratio	0%

How did SAV perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

160%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 05:35
End of Day Share Price	2024/12/30 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

Samart Aviation Solutions Public Company Limited is covered by 3 analysts. 3 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
Teerapol Udomvej	FSS International Advisory
Dithanop Vattanawakin	Krungsri Securities Public Company Limited
Jindanuch Praveschotinunt	Yuanta Securities (Thailand) Company Limited