Bangkok Airways PCL
SET:BA
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EV/EBIT
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (9.4), the stock would be worth ฿23.66 (74% upside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 5.4 | ฿13.6 |
0%
|
| 3-Year Average | 9.4 | ฿23.66 |
+74%
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| 5-Year Average | 5.8 | ฿14.74 |
+8%
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| Industry Average | 6.1 | ฿15.33 |
+13%
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| Country Average | 11.7 | ฿29.49 |
+117%
|
Forward EV/EBIT
Today’s price vs future ebit
| Today's Enterprise Value | EBIT | Forward EV/EBIT | ||
|---|---|---|---|---|
|
฿28.9B
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/ |
Jan 2026
฿5B
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= |
|
|
฿28.9B
|
/ |
Dec 2026
฿4.5B
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= |
|
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฿28.9B
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/ |
Dec 2027
฿4.5B
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= |
|
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฿28.9B
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/ |
Dec 2028
฿5.6B
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= |
|
Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| TH |
B
|
Bangkok Airways PCL
SET:BA
|
28.2B THB | 5.4 | 7.9 | |
| US |
|
Delta Air Lines Inc
NYSE:DAL
|
44.3B USD | 9 | 8.9 | |
| US |
|
United Airlines Holdings Inc
NASDAQ:UAL
|
31.6B USD | 8 | 9.3 | |
| CH |
|
Kinarus Therapeutics Holding AG
SIX:KNRS
|
19.5B CHF | -1 404.9 | -1 404.3 | |
| UK |
|
International Consolidated Airlines Group SA
LSE:IAG
|
18.1B GBP | 4.7 | 6.2 | |
| IE |
R
|
Ryanair Holdings PLC
LSE:RYA
|
15.4B EUR | 6.8 | 8 | |
| US |
|
Southwest Airlines Co
NYSE:LUV
|
20.7B USD | 51 | 46.4 | |
| IN |
|
Interglobe Aviation Ltd
NSE:INDIGO
|
1.7T INR | 17.1 | 54.3 | |
| CN |
|
Air China Ltd
SSE:601111
|
122.1B CNY | -654.1 | -69 | |
| SG |
|
Singapore Airlines Ltd
SGX:C6L
|
20.8B SGD | 13.1 | 9.1 | |
| CN |
|
China Southern Airlines Co Ltd
SSE:600029
|
105.5B CNY | 30.8 | 123.1 |
Market Distribution
| Min | 0.4 |
| 30th Percentile | 8.7 |
| Median | 11.7 |
| 70th Percentile | 15.7 |
| Max | 2 524.8 |
Other Multiples
Bangkok Airways PCL
Glance View
Nestled within the vibrant landscape of Thailand's aviation industry, Bangkok Airways PCL is a unique player that has carved its niche by promoting itself as "Asia's Boutique Airline." The company, established in 1968, has its origins in providing dependable air transport services, but it has grown into a multifaceted business model that goes beyond merely transporting passengers from one destination to the next. With a strong focus on regional routes, particularly within Thailand and its neighboring countries, Bangkok Airways leverages its own network of airports, including those in key destinations like Koh Samui and Sukhothai. This strategic control over certain airport operations allows the airline to optimize its route offerings and create a seamless travel experience tailored to leisure and business travelers alike. By maintaining a focus on lifestyle and service, Bangkok Airways differentiates itself in a highly competitive industry, providing added value through complimentary services such as access to airport lounges, meals, and generous baggage allowances even in economy class. Revenue for Bangkok Airways comes from a combination of passenger services, airport services, and ancillary operations. The company has successfully managed to build a symbiotic relationship between its airline and airport operations. By owning and operating its airports, Bangkok Airways reduces dependency on third-party infrastructure, thus controlling costs and maintaining high service standards for its passengers. Besides regular domestic and international flights, the airline earns through various means including cargo services, flight reservations, and code-sharing partnerships with other international carriers, further expanding its market reach. This diversified approach not only ensures steady income streams but also strengthens its competitive position, allowing it to navigate the dynamic challenges of the aviation sector adeptly.