Asia Aviation Public Company Limited (AAV-R.BK)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | THB bn | 14 | 4 | 18 | 41 | 49 | 46 | 46 | 50 |
| Operating profit | THB bn | 2 | 1 | ||||||
| Net profit | THB bn | -9 | -12 | -8 | 0 | 3 | 2 | -1 | 1 |
| EPS reported | THB | 0.18 | -0.06 | ||||||
| Operating cashflow per share | THB | 0.70 | 0.39 | ||||||
| Capex per share | THB | 0.05 | 0.04 | ||||||
| FCF per share | THB | 0.64 | 0.35 | ||||||
| Free cash flow | THB bn | 8 | 4 | ||||||
| Net debt | THB bn | 8 | 43 | ||||||
| Book value equity | THB bn | 14 | 12 | ||||||
| Book value per share | THB | 1.05 | 0.94 | ||||||
| Number of shares | m | 12,850 | 12,850 | ||||||
| DPS (TTM paid) | THB | 0.00 | 0.00 |
Financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 6.22 | 7.54 | ||||||
| P/B LTM | x | 1.06 | 1.19 | ||||||
| P/S LTM | x | 0.31 | 0.31 | ||||||
| P/FCF LTM | x | 1.74 | 3.21 | ||||||
| EV/EBITDA LTM | x | 5.17 | 8.32 | ||||||
| EV/Sales LTM | x | 1.16 | 1.21 | ||||||
| Earnings Yield LTM | % | +16.08% | +13.26% | ||||||
| FCF Yield | % | +57.35% | +31.19% | ||||||
| Quality | |||||||||
| ROE | % | +17.23% | -5.75% | ||||||
| ROIC | % | +2.79% | -24.36% | ||||||
| Operating margin | % | +4.58% | +2.39% | ||||||
| Gross margin | % | +12.26% | +10.46% | ||||||
| FCF/Sales | % | +18.06% | +9.71% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -33.33% | - | ||||||
| Sales Growth YoY | % | -7.58% | -6.50% | ||||||
| Net Income Growth YoY | % | -32.83% | - | ||||||
| FCF Growth | % | +21.40% | -33.97% | ||||||
| Operating Profit Growth | % | -68.74% | -83.49% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 0.19 | 0.10 | ||||||
| Net Debt/EBITDA | x | 3.77 | 6.71 | ||||||
| EBIT/Net interest | x | 0.74 | 0.40 | ||||||
| Net debt/market cap | % | +84.04% | +1.65% | ||||||
| Net debt/Equity | x | 0.58 | 3.55 | ||||||
| Gross debt/equity | x | 3.17 | 3.79 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Asia Aviation Public Company Limited, founded in 2004 and headquartered in Bangkok, Thailand, delivers a comprehensive range of airline services across the country. Its operations are bifurcated into two primary divisions: Scheduled Flight Operations and Charter Flight Operations. The scheduled segment focuses on providing regular passenger air transportation to established routes, with booking options available through its website, sales offices, and travel agencies. Conversely, the charter segment specializes in offering bespoke passenger air travel to non-routine destinations, primarily catering to the requirements of tourist companies. Additionally, the company manages an academy dedicated to fostering learning and skill enhancement within the aviation, tourism, and hospitality industries.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Asia Aviation Public Company Limited (AAV-R.BK)
No price history available.
Based on consensus from external analysts. Not Kvantra's opinion.
Asia Aviation Public Company Limited, founded in 2004 and headquartered in Bangkok, Thailand, delivers a comprehensive range of airline services across the country. Its operations are bifurcated into two primary divisions: Scheduled Flight Operations and Charter Flight Operations. The scheduled segment focuses on providing regular passenger air transportation to established routes, with booking options available through its website, sales offices, and travel agencies. Conversely, the charter segment specializes in offering bespoke passenger air travel to non-routine destinations, primarily catering to the requirements of tourist companies. Additionally, the company manages an academy dedicated to fostering learning and skill enhancement within the aviation, tourism, and hospitality industries.
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