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Advanced Info Service PCL
(OTC:AVIFY)
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Rating:71Outperform
Price Target:
$12.50
â–²(12.51% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by strong profitability and cash generation, tempered by increased leverage and reduced balance-sheet flexibility. Technicals are mildly positive with steady (not extreme) momentum, valuation is reasonable with dividend support, and the earnings call reinforced solid operating momentum but highlighted near-term execution and investment-related EBITDA risks.
Positive Factors
Strong and sustained profitability
High gross, operating, and net margins indicate strong economics in the core telecom business. Margin expansion through 2021–2025 and robust TTM profitability provide a durable earnings base, although the unusually strong recent growth rate may normalize.
Negative Factors
Materially higher leverage reduces balance-sheet flexibility
The more aggressive capital structure increases financial risk and reduces flexibility during periods of weaker earnings or heavier investment. High ROE is also amplified by the smaller equity base, making returns less indicative of underlying operating improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong and sustained profitability
High gross, operating, and net margins indicate strong economics in the core telecom business. Margin expansion through 2021–2025 and robust TTM profitability provide a durable earnings base, although the unusually strong recent growth rate may normalize.
Read all positive factors
Advanced Info Service PCL (AVIFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$32.76B
Dividend Yield9.26%
Average Volume (3M)1.25K
Price to Earnings (P/E)20.0
Beta (1Y)0.20
Revenue Growth9.04%
EPS Growth42.50%
CountryUS
Employees12,909
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)18.09
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.54
Revenue Forecast (FY)$7.04B
Advanced Info Service PCL Business Overview & Revenue Model
Company Description
Advanced Info Service Public Company Limited, together with its affiliated entities, serves as a leading provider of mobile communication networks, fixed-line internet, and a broad spectrum of digital services, predominantly within Thailand. Estab...
How the Company Makes Money
AIS primarily makes money by selling telecommunications and related digital services to consumers and enterprises. Key revenue streams typically include: (1) mobile service revenue from prepaid and postpaid customers, driven by recurring plan subs...
Advanced Info Service PCL Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 06, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive operational performance in the first half — strong mobile data growth, rapid 5G adoption, improving ARPU, product sales momentum, solid balance sheet metrics (net debt/EBITDA ~2x, avg interest ~2.6%) and results that exceeded guidance. However, management stressed caution: conservative H2 guidance, anticipated near-term EBITDA pressure from IT modernization and integration, fixed broadband softness, potential initial losses and credit risk from the new virtual bank, and hardware supply/price volatility. Overall the tone is one of cautious optimism: strong fundamentals and growth drivers offset by clear short-term execution and macro risks.Positive Updates
Strong Mobile Demand and 5G Adoption
Mobile business driven by 16% year-on-year growth in data usage and 5G subscribers reaching 19.7 million (a 41% YoY increase), supported by continued 5G adoption and digital content offerings.
Negative Updates
Cautious Forward Guidance and Potential EBITDA Headwinds
Management maintained conservative full-year revenue and EBITDA guidance despite strong H1 results, citing geopolitical risks, fragile consumer sentiment and a higher year-ago base; indicated planned IT modernization, integration and other investments will weigh on EBITDA in H2.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Mobile Demand and 5G Adoption
Mobile business driven by 16% year-on-year growth in data usage and 5G subscribers reaching 19.7 million (a 41% YoY increase), supported by continued 5G adoption and digital content offerings.
Read all positive updates
Company Guidance
Management maintained its guidance for full‑year revenue growth and EBITDA (noting a conservative stance but saying results are likely to land toward the upper end), keeping full‑year EBITDA growth guidance at about 4%; they highlighted a strong operating position with EBITDA margin and ROIC reported at 19%, net debt/EBITDA around 2x and average interest cost ~2.6%. Key operating metrics cited alongside the guidance include 5G subscribers of 19.7 million (up 41% YoY), mobile data usage +16% YoY, prepaid ARPU ~+5% Q‑on‑Q, H1 product sales +5.9%, JV contribution ~THB 300m/quarter, and a CapEx program running around 14–15% of revenue (versus peers ~10%) to support network build‑out; management also warned of potential initial losses from the new virtual bank (loan cap THB 20,000) and noted the balance sheet and liquidity give flexibility despite H2 uncertainties.Advanced Info Service PCL Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
52
Neutral
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 231.86B | 226.26B | 213.57B | 188.87B | 185.48B | 181.33B |
| Gross Profit | 98.80B | 89.80B | 78.18B | 63.49B | 59.31B | 59.88B |
| EBITDA | 128.39B | 123.18B | 113.37B | 94.88B | 90.23B | 90.56B |
| Net Income | 54.30B | 47.89B | 35.08B | 29.09B | 26.01B | 26.92B |
Balance Sheet | ||||||
| Total Assets | 402.02B | 420.27B | 431.43B | 454.44B | 337.04B | 356.22B |
| Cash, Cash Equivalents and Short-Term Investments | 14.59B | 25.97B | 22.61B | 14.74B | 10.04B | 14.33B |
| Total Debt | 276.22B | 192.21B | 213.63B | 242.38B | 128.42B | 138.96B |
| Total Liabilities | 349.61B | 312.99B | 334.11B | 363.76B | 251.23B | 274.40B |
| Stockholders Equity | 52.31B | 107.18B | 97.22B | 90.58B | 85.69B | 81.70B |
Cash Flow | ||||||
| Free Cash Flow | 92.31B | 73.67B | 78.61B | 36.65B | 38.05B | 41.34B |
| Operating Cash Flow | 115.23B | 120.81B | 116.62B | 87.64B | 81.40B | 86.63B |
| Investing Cash Flow | -48.45B | -47.24B | -36.93B | -77.99B | -43.00B | -45.35B |
| Financing Cash Flow | -74.69B | -70.83B | -71.83B | -3.93B | -42.14B | -46.96B |
Advanced Info Service PCL Technical Analysis
Positive
11.11
Price Trends
10.94
Positive
10.86
Positive
10.51
Positive
Market Momentum
<0.01
Positive
51.61
Neutral
32.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AVIFY, the sentiment is Positive. The current price of 11.11 is above the 20-day moving average (MA) of 11.02, above the 50-day MA of 10.94, and above the 200-day MA of 10.51, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.61 is Neutral, neither overbought nor oversold. The STOCH value of 32.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $33.23B | 26.76 | 10.22% | 3.15% | 8.46% | 7.38% | |
76 Outperform | $18.38B | 14.56 | 9.70% | 5.69% | 16.10% | 24.13% | |
71 Outperform | $32.76B | 20.00 | 48.09% | 3.21% | 9.04% | 42.50% | |
71 Outperform | $14.67B | 15.12 | 13.16% | 8.52% | -3.37% | -27.49% | |
63 Neutral | $37.10B | -69.80 | -0.79% | 3.59% | 16.69% | 87.12% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
AVIFY
Advanced Info Service PCL
11.03
2.54
29.85%
CHT
Chunghwa Telecom Co
43.17
0.57
1.33%
TLK
PT Telekomunikasi Indonesia Tbk
15.20
-3.48
-18.61%
VIV
Telefonica Brasil
11.65
-0.37
-3.05%
VOD
Vodafone
16.13
4.72
41.31%
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.