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Bangkok Airways PCL
SET:BA

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Bangkok Airways PCL
SET:BA
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Price: 13.9 THB 2.21%
Market Cap: ฿29.2B

EV/OCF

4.7
Current
20%
Cheaper
vs 3-y median of 5.8

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
4.7
=
Enterprise Value
฿28.9B
/
Operating Cash Flow
฿5.9B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
4.7
=
Enterprise Value
฿28.9B
/
Operating Cash Flow
฿5.9B

Valuation Scenarios

Bangkok Airways PCL is trading below its 3-year average

If EV/OCF returns to its 3-Year Average (5.8), the stock would be worth ฿17.33 (25% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
0%
Maximum Upside
+83%
Average Upside
29%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 4.7 ฿13.9
0%
3-Year Average 5.8 ฿17.33
+25%
5-Year Average 5.2 ฿15.33
+10%
Industry Average 4.7 ฿13.89
0%
Country Average 8.5 ฿25.44
+83%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close

Market Distribution

Lower than 79% of companies in Thailand
Percentile
21st
Based on 353 companies
21st percentile
4.7
Low
0.2 — 6.1
Typical Range
6.1 — 12
High
12 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 6.1
Median 8.5
70th Percentile 12
Max 13 428

Bangkok Airways PCL
Glance View

Market Cap
29.2B THB
Industry
Airlines

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.

BA Intrinsic Value
19.67 THB
Undervaluation 29%
Intrinsic Value
Price ฿13.9
B
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