Thai Airways International (THAI-R) Stock Overview

Engages in the airline business and business units related directly with transportation in Thailand and internationally. More details

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

Rewards

Earnings are forecast to grow 44.14% per year

Risk Analysis

Shares are highly illiquid

THAI-R Community Fair Values

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Thai Airways International Public Company Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Thai Airways International
Historical stock prices
Current Share Price	฿12.50
52 Week High	฿19.40
52 Week Low	฿8.55
Beta	0.13
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	285.80%
Change since IPO	-55.75%

Recent updates

Shareholder Returns

	THAI-R	TH Airlines	TH Market
7D	-0.8%	-1.9%	-1.3%
1Y	n/a	16.8%	-10.1%

Return vs Industry: Insufficient data to determine how THAI-R performed against the TH Airlines industry.

Return vs Market: Insufficient data to determine how THAI-R performed against the TH Market.

Price Volatility

Is THAI-R's price volatile compared to industry and market?
THAI-R volatility
THAI-R Average Weekly Movement	n/a
Airlines Industry Average Movement	3.8%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.5%
10% least volatile stocks in TH Market	2.2%

Stable Share Price: THAI-R's share price has been volatile over the past 3 months compared to the TH market.

Volatility Over Time: Insufficient data to determine THAI-R's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1959	n/a	Chai Eamsiri	www.thaiairways.com

Thai Airways International Public Company Limited, together with its subsidiaries, engages in the airline business and business units related directly with transportation in Thailand and internationally. It operates through three segments: Air Transportation Activities, Business Units, and Other Activities. The Air Transportation Activities segment provides passenger, freight, and mail services.

Thai Airways International Public Company Limited Fundamentals Summary

How do Thai Airways International's earnings and revenue compare to its market cap?
THAI-R fundamental statistics
Market cap	฿353.79b
Earnings (TTM)	-฿7.69b
Revenue (TTM)	฿189.75b

1.9x

P/S Ratio

-46.0x

P/E Ratio

Is THAI-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
THAI-R income statement (TTM)
Revenue	฿189.75b
Cost of Revenue	฿113.91b
Gross Profit	฿75.85b
Other Expenses	฿83.54b
Earnings	-฿7.69b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.27
Gross Margin	39.97%
Net Profit Margin	-4.05%
Debt/Equity Ratio	58.1%

How did THAI-R perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/09/01 18:36
End of Day Share Price	2025/09/01 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

Thai Airways International Public Company Limited is covered by 28 analysts. 9 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
Kawee Manitsupavong	Asia Plus Securities Company Limited
Chutima Woramontri	BNP Paribas Securities (Asia)
Kaseedit Choonnawat	BofA Global Research

Thai Airways International Public Company LimitedSET:THAI-R Stock Report