Airports of Thailand Public (AIPUY) AI Stock Analysis

• Market Cap: $17.18B
• Dividend Yield: 1.95%
• Average Volume (3M): 521.00
• Price to Earnings (P/E): 31.1
• Beta (1Y): 0.80
• Revenue Growth: 11.94%
• EPS Growth: 15.35%
• Country: US
• Employees: 4,094
• Sector: Industrials
• Sector Strength: 89
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.10
• Shares Outstanding: 1,428,570,000
• 10 Day Avg. Volume: 351
• 30 Day Avg. Volume: 521
• PEG Ratio: -6.31
• Price to Book (P/B): 3.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $9.00
• Price Target Upside: -22.95% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: $12.50 ▲(7.02%Upside)

Airports of Thailand Public demonstrates a strong financial position, driving a positive overall score. However, technical analysis indicates a potential overbought condition, and valuation metrics suggest the stock may be overvalued. These factors contribute to a cautious outlook despite the company's robust financial health.

Airports of Thailand Public Business Overview & Revenue Model

Company Description

Airports of Thailand Public Company Limited, together with its subsidiaries, engages in developing, managing, and operating international airports in Thailand. The company operates through Airport Management Business, Hotel Business, Ground Aviation Services, Security Business, and Project on Perishable Goods Business segments. It operates 6 international airports, including Suvarnabhumi, Don Mueang, Chiang Mai, Hat Yai, Phuket, and Mae Fah Luang Chiang Rai airports. The company is also involved in the hotel and restaurant business; and services or rental of ground equipment, as well as provides security services. Airports of Thailand Public Company Limited was founded in 1903 and is headquartered in Bangkok, Thailand.

How the Company Makes Money

AOT generates revenue primarily through aviation and non-aviation activities. Aviation revenue includes airport landing and parking fees, passenger service charges, and security service fees collected from airlines and passengers. Non-aviation revenue comes from commercial activities such as retail and duty-free concessions, airport real estate rentals, and advertising. AOT also benefits from strategic partnerships with airlines and retail businesses, enhancing its service offerings and boosting revenue from passenger and cargo traffic. The company's performance is closely tied to the volume of air traffic and tourism trends in Thailand.

Airports of Thailand Public Financial Statement Overview

Summary

Airports of Thailand Public has shown strong financial recovery with impressive revenue and profit growth. The company maintains robust margins and efficient cash flow management. However, high debt levels require careful monitoring despite a low leverage risk.

Income Statement

The company has shown impressive revenue growth from 2022 to 2024, with a significant recovery from the pandemic-induced downturn. The gross profit margin improved to 57.9% in TTM, indicating strong cost management. The net profit margin is robust at 28.8% for TTM, highlighting effective operational efficiency. However, the historical volatility in profitability due to past losses poses a cautionary note.

Balance Sheet

A solid equity base with a debt-to-equity ratio of 0.38 in TTM suggests financial stability and low leverage risk. Return on equity stands at 15.4%, reflecting efficient use of equity capital. The equity ratio is strong at 63.5%, indicating a healthy financial structure. Nonetheless, the high total debt level remains a potential risk factor.

Cash Flow

The cash flow statement shows a strong operating cash flow to net income ratio of 2.00, suggesting excellent cash generation capability. Free cash flow to net income ratio of 1.44 in TTM underscores solid cash flow management. The company has successfully turned around from negative cash flows in previous years, though sustainability is key.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	68.96B	67.12B	48.28B	16.56B	7.09B	31.18B
Gross Profit	41.55B	38.94B	30.49B	-2.93B	-11.10B	13.98B
EBITDA	39.32B	38.71B	23.07B	-2.00B	-8.54B	10.68B
Net Income	19.23B	19.18B	8.79B	-11.09B	-16.32B	4.32B
Balance Sheet
Total Assets	198.46B	206.15B	195.61B	183.81B	195.09B	173.56B
Cash, Cash Equivalents and Short-Term Investments	10.63B	18.54B	6.10B	3.82B	17.10B	43.56B
Total Debt	49.33B	54.23B	61.48B	61.56B	64.03B	11.12B
Total Liabilities	73.06B	79.75B	83.43B	81.29B	81.66B	30.53B
Stockholders Equity	123.11B	124.23B	110.46B	101.32B	112.34B	142.24B
Cash Flow
Free Cash Flow	27.59B	27.96B	5.27B	-9.74B	-20.35B	-13.44B
Operating Cash Flow	39.26B	41.06B	16.87B	-171.36M	-11.93B	258.67M
Investing Cash Flow	-11.68B	-13.13B	-11.56B	-936.40M	20.56B	14.71B
Financing Cash Flow	-22.15B	-15.53B	-3.02B	-3.57B	-5.98B	-19.07B

Airports of Thailand Public Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIPUY, the sentiment is Positive. The current price of 11.68 is above the 20-day moving average (MA) of 9.79, above the 50-day MA of 10.20, and below the 200-day MA of 14.17, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 73.76 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AIPUY.

Airports of Thailand Public Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASR	80 Outperform	$9.32B	12.76	25.76%	9.67%	9.99%	17.81%
OMAB	78 Outperform	$5.35B	19.93	44.27%	4.22%	-10.13%	-6.82%
CAAP	75 Outperform	$3.23B	22.23	11.32%	―	6.45%	-64.13%
PAC	73 Outperform	$11.46B	24.60	36.66%	5.09%	-2.56%	-14.94%
AIPUY	62 Neutral	$17.18B	31.06	16.27%	1.95%	11.94%	15.35%
Sector *	62 Neutral	C$6.64B	7.81	3.45%	2.83%	6.50%	-23.02%