Airports of Thailand Public (AIPUY) AI Stock Analysis

• Market Cap: $16.51B
• Dividend Yield: 2.14%
• Average Volume (3M): 258.00
• Price to Earnings (P/E): 28.3
• Beta (1Y): 0.77
• Revenue Growth: 8.49%
• EPS Growth: 6.50%
• Country: US
• Employees: 4,094
• Sector: Industrials
• Sector Strength: 73
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.08
• Shares Outstanding: 1,428,570,000
• 10 Day Avg. Volume: 282
• 30 Day Avg. Volume: 258
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 0.23
• Enterprise Value/Gross Profit: 0.41
• Enterprise Value/Ebitda: 0.41
• 1Y Price Target: $12.50
• Price Target Upside: 15.10% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: $12.50 ▲(15.10% Upside)

The overall stock score of 66.25 reflects strong financial performance, particularly in profitability and balance sheet stability. However, the stock faces challenges with negative revenue growth and declining free cash flow. Technical analysis indicates moderate bullish momentum, but valuation metrics suggest potential overvaluation, which tempers the overall score.

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 demonstrates strong profitability with a gross profit margin of 55.77% and a net profit margin of 27.38%. The company has a stable balance sheet with a manageable debt-to-equity ratio of 0.39 and a healthy return on equity of 14.72%. However, there are challenges in revenue growth, which is slightly negative at -1.85%, and a decline in free cash flow growth at -12.64%.

Income Statement

The company shows strong profitability with a TTM gross profit margin of 55.77% and a net profit margin of 27.38%. However, the revenue growth rate is slightly negative at -1.85%, indicating a slight decline in revenue. Historical data shows recovery from past losses, with consistent profitability in recent years.

Balance Sheet

The balance sheet is stable with a manageable debt-to-equity ratio of 0.39 in the TTM period. Return on equity is healthy at 14.72%, reflecting efficient use of equity. However, the equity ratio is not explicitly provided, which limits a full assessment of asset financing.

Cash Flow

The cash flow statement indicates a decline in free cash flow growth at -12.64% in the TTM period, but the operating cash flow to net income ratio is strong at 1.60, suggesting good cash generation relative to income. The free cash flow to net income ratio is 0.70, indicating a solid conversion of income to free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	67.69B	67.12B	48.28B	16.56B	7.09B	31.18B
Gross Profit	37.75B	38.94B	30.49B	-2.93B	-11.10B	13.98B
EBITDA	38.33B	38.71B	23.07B	-2.00B	-8.54B	10.68B
Net Income	18.53B	19.18B	8.79B	-11.09B	-16.32B	4.32B
Balance Sheet
Total Assets	203.68B	206.15B	195.61B	183.81B	195.09B	173.56B
Cash, Cash Equivalents and Short-Term Investments	15.25B	18.54B	6.10B	3.82B	17.10B	43.56B
Total Debt	49.87B	54.23B	61.48B	61.56B	64.03B	11.12B
Total Liabilities	74.40B	79.75B	83.43B	81.29B	81.66B	30.53B
Stockholders Equity	126.96B	124.23B	110.46B	101.32B	112.34B	142.24B
Cash Flow
Free Cash Flow	24.10B	27.96B	5.27B	-9.74B	-20.35B	-13.44B
Operating Cash Flow	34.45B	41.06B	16.87B	-171.36M	-11.93B	258.67M
Investing Cash Flow	-11.85B	-13.13B	-11.56B	-936.40M	20.56B	14.71B
Financing Cash Flow	-18.76B	-15.53B	-3.02B	-3.57B	-5.98B	-19.07B

Airports of Thailand Public Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIPUY, the sentiment is Negative. The current price of 10.86 is below the 20-day moving average (MA) of 11.23, above the 50-day MA of 10.85, and below the 200-day MA of 13.11, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 43.77 is Neutral, neither overbought nor oversold. The STOCH value of 9.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	79 Outperform	$9.91B	15.80	28.86%	7.41%	5.67%	-9.58%
OMAB	77 Outperform	$5.01B	18.99	59.78%	4.40%	-7.59%	-9.80%
RYAAY	75 Outperform	$29.94B	14.43	27.12%	1.41%	10.61%	37.32%
PAC	74 Outperform	$12.28B	26.40	47.69%	4.92%	7.45%	-13.53%
CAAP	74 Outperform	$3.45B	23.76	10.46%	―	10.45%	-62.52%
AIPUY	66 Neutral	$16.51B	28.32	15.20%	2.14%	8.49%	6.50%
Sector *	64 Neutral	$10.73B	15.65	7.61%	2.01%	2.80%	-14.92%