Advanced Info Service PCL (AVIFY)
OTHER OTC:AVIFY
Top Page
Advanced Info Service PCL
(OTC:AVIFY)
Select Model
Select Model
Rating:73Outperform
Price Target:
$14.50
â–²(38.49% Upside)
Action:UpgradedDate:02/06/26
The score is driven primarily by strong profitability, improving margins, and solid cash generation, tempered by leverage and modest revenue growth. Technicals are supportive with an established uptrend, though momentum looks somewhat stretched. Valuation is the main drag due to the higher P/E for a mature telecom, while the earnings call was broadly constructive but flagged slower 2026 growth and near-term margin pressure alongside shareholder returns.
Positive Factors
Cash Generation
Consistent, sizable operating cash flow (~THB100bn) and projected free cash flow (~THB50–60bn) provide durable internal funding for dividends, buybacks, JV investments and network rollouts. Strong cash conversion supports steady deleveraging and strategic capital without heavy external financing.
Negative Factors
High Leverage
Leverage remains elevated and the capital structure still relies significantly on debt, reducing financial flexibility. Higher indebtedness raises refinancing and interest-rate sensitivity, limiting headroom for discretionary investments or larger shocks despite management's gradual deleveraging target.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent, sizable operating cash flow (~THB100bn) and projected free cash flow (~THB50–60bn) provide durable internal funding for dividends, buybacks, JV investments and network rollouts. Strong cash conversion supports steady deleveraging and strategic capital without heavy external financing.
Read all positive factors
Advanced Info Service PCL (AVIFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.25B
Dividend Yield2.67%
Average Volume (3M)1.25K
Price to Earnings (P/E)14.3
Beta (1Y)0.20
Revenue Growth14.95%
EPS Growth40.15%
CountryUS
Employees12,909
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.15
Shares Outstanding2,974,209,700
10 Day Avg. Volume0
30 Day Avg. Volume1,248
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)7.64
Price to Sales (P/S)3.62
P/FCF Ratio11.11
Enterprise Value/Market Cap37.58
Enterprise Value/Revenue5.52
Enterprise Value/Gross Profit13.90
Enterprise Value/Ebitda10.16
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.55
Revenue Forecast (FY)$7.30B
Advanced Info Service PCL Business Overview & Revenue Model
Company Description
Advanced Info Service Public Company Limited, together its subsidiaries, provides mobile network, fixed broadband, and digital services primarily in Thailand. The company operates through three segments: Mobile Phone Services, Mobile Phone and Equ...
How the Company Makes Money
AVIFY generates revenue through multiple key streams, primarily from mobile telecommunications services, which include prepaid and postpaid mobile subscriptions. The company earns money from voice calls, SMS, and mobile data services. Additionally...
Advanced Info Service PCL Earnings Call Summary
Earnings Call Date:Feb 03, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive operational and financial performance — strong profit growth, robust cash flow, high 5G adoption, broadband and retail momentum, ESG recognition, and a very shareholder-friendly capital return. Management is deliberately moderating revenue/EBITDA guidance for 2026 to reflect subdued macro conditions and near-term investments (IT, content, data centers, virtual bank) that will weigh on margins short term but are intended to build long-term growth foundations. While the large one-time special dividend materially reduces retained earnings and raises questions about near-term balance sheet optics, management emphasizes preserving investment-grade credit and financial flexibility.Positive Updates
Strong Net Profit Growth
Net profit of THB 47.9 billion, up 37% year-on-year; normalized profit THB 46 billion (ex-FX and one-time tax item), up 32% year-on-year.
Negative Updates
Lower Growth Guidance for 2026
Core service revenue guidance lowered to ~3%–5% (from 7% achieved last year); EBITDA guidance reduced to ~2%–4% (down from ~9% last year), with EBITDA growth guidance below revenue growth.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Net Profit Growth
Net profit of THB 47.9 billion, up 37% year-on-year; normalized profit THB 46 billion (ex-FX and one-time tax item), up 32% year-on-year.
Read all positive updates
Company Guidance
Management guided 2026 core service revenue growth of about 3–5% and EBITDA growth of about 2–4%, with CapEx (ex‑spectrum) of THB 30–35bn (allocation ~55–60% mobile, ~20% broadband, ~10% enterprise, ~15% IT/others) and a medium‑term CapEx target around 15% of revenue; operating cash flow is ~THB 100bn, annual investments ~THB 50bn (CapEx, spectrum and JV), implying free cash flow of roughly THB 50–60bn after investment and an expectation that net debt/EBITDA will gradually decline while preserving an investment‑grade profile. The Board approved an ordinary dividend of THB 15.30/share (c. 95% full‑year payout) and a one‑time special dividend of THB 19/share (ordinary dividend remains the priority; minimum payout policy ≥70% of NPAT); the special dividend is funded from operating cash flow. Operational and growth metrics cited include data consumption >34 GB/subscriber (up 16% YoY), 5G subscribers 17.9 million (38% penetration, ~50% YoY growth), fixed broadband >5.2 million subs with ARPU THB 530 (both >4% YoY), GSA data‑center Phase 1 commercialized with Phases 2–3 expected by 2027 bringing capacity close to 200 MW, planned JV funding of ~THB 8–10bn over the next ~2 years, virtual bank initial paid‑in ~THB 5bn, remaining tax loss carryforwards ~THB 15bn (c. THB 3bn tax benefit over 2–3 years), and ESG ratings of MSCI AA and SET AAA.Advanced Info Service PCL Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
63
Positive
Cash Flow
76
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 226.26B | 213.57B | 188.87B | 185.48B | 181.33B |
| Gross Profit | 89.80B | 78.18B | 63.49B | 59.31B | 59.88B |
| EBITDA | 123.18B | 113.37B | 94.88B | 90.23B | 90.56B |
| Net Income | 47.89B | 35.08B | 29.09B | 26.01B | 26.92B |
Balance Sheet | |||||
| Total Assets | 420.27B | 431.43B | 454.44B | 337.04B | 356.22B |
| Cash, Cash Equivalents and Short-Term Investments | 25.97B | 22.61B | 14.74B | 10.04B | 14.33B |
| Total Debt | 192.21B | 213.63B | 242.38B | 128.42B | 138.96B |
| Total Liabilities | 312.99B | 334.11B | 363.76B | 251.23B | 274.40B |
| Stockholders Equity | 107.18B | 97.22B | 90.58B | 85.69B | 81.70B |
Cash Flow | |||||
| Free Cash Flow | 73.67B | 78.61B | 36.65B | 38.05B | 41.34B |
| Operating Cash Flow | 120.81B | 116.62B | 87.64B | 81.40B | 86.63B |
| Investing Cash Flow | -47.24B | -36.93B | -77.99B | -43.00B | -45.35B |
| Financing Cash Flow | -70.83B | -71.83B | -3.93B | -42.14B | -46.96B |
Advanced Info Service PCL Technical Analysis
Neutral
10.47
Price Trends
11.33
Negative
10.36
Positive
9.41
Positive
Market Momentum
-0.05
Positive
45.80
Neutral
13.91
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AVIFY, the sentiment is Neutral. The current price of 10.47 is below the 20-day moving average (MA) of 11.34, below the 50-day MA of 11.33, and above the 200-day MA of 9.41, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 45.80 is Neutral, neither overbought nor oversold. The STOCH value of 13.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AVIFY.
Advanced Info Service PCL Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $32.52B | 26.19 | 10.15% | 3.15% | 5.74% | 7.12% | |
77 Outperform | $18.32B | 16.17 | 15.56% | 6.14% | -5.21% | -7.45% | |
73 Outperform | $33.25B | 14.33 | 45.87% | 2.67% | 14.95% | 40.15% | |
70 Outperform | $25.46B | 17.32 | 9.03% | 5.03% | -3.16% | 4.70% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $35.11B | 7.35 | -8.37% | 3.77% | 19.67% | -278.51% |
* Communication Services Sector Average
AVIFY
Advanced Info Service PCL
11.14
3.94
54.80%
CHT
Chunghwa Telecom Co
42.38
5.49
14.88%
TLK
PT Telekomunikasi Indonesia Tbk
18.61
6.11
48.88%
VIV
Telefonica Brasil
15.86
7.81
97.12%
VOD
Vodafone
15.14
7.31
93.26%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.