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Transportation

Airports of Thailand

  • 71.00 THB
  • +0.50
  • +0.71%
  • Thailand
    Apr 24, 2018
  • Ticker
    BKK(AOT)
  • Prev. close
    70.50
  • Market cap (THB)
    1,007.14B
  • Market cap (USD)
    32,043.93M
  • Shares
    14,285.70M

Company Background

Airports of Thailand, a state-owned airport operator, is 70% controlled by the finance ministry. The company was established in 2002 when the Airports Authority of Thailand was privatized.

It operates six major airports in Thailand. Suvarnabhumi Airport, the new international airport that opened in Bangkok in 2006, just after a coup that toppled the Thaksin Shinawatra government, is run by the company. The airport was seized by anti-government protestors in 2008 and forced to shut down for a week.

Don Mueang International Airport, which opened in 1914, was replaced by Suvarnabhumi, but is now a budget airline hub. Other airports include those at popular tourist destinations such as Phuket and Chiang Mai.

The chairman post at Airports of Thailand is filled by air force officials. Current Chairman Araya Ngampramuan is an Air Chief Marshal. He was named to replace Sita Divari, a squadron leader who was picked by ousted Prime Minister Yingluck Shinawatra, and resigned after the military coup in May 2014. The president's post is currently vacant. Former President Makin Petplai stepped down from his post in September without citing reasons. The company has invited members of the public to apply for the role.

Business Summary

Airports of Thailand Public Co. Ltd. engages in the operation of airport and hotel. It operates through the Airport and Hotel segments. Its manages Suvarnabhumi Airport (BKK), Don Mueang Airport (DMK), Chiang Mai (CNX), Hat Yai (HDY), Phuket (HKT), and Mae Fah Luang - Chiang Rai. The company was founded on December 17, 1903 and is headquartered in Bangkok, Thailand.

Financial Highlights

Sep 2017 THBUSD
Revenue54,901.16M1,589.26M
Gross Profit28,263.90M818.17M
Operating income25,786.90M746.47M
Income before tax26,184.97M757.99M
Net income20,683.60M598.74M
EBITDA31,431.40M909.86M
Diluted EPS1.450.04
Dividends Per Share0.860.02
Total Assets179,346.74M5,377.71M
Total liabilities47,658.05M1,429.02M
Total equity131,376.25M3,939.31M
Operating cash flow25,930.41M750.62M
Currency in THBCurrency in USD

Historical Data

 Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017
Revenue 36,810.40M 37,585.46M 43,968.99M 50,961.95M 54,901.16M
Gross Profit 17,861.68M 19,267.87M 24,409.92M 26,513.08M 28,263.90M
Operating income 17,861.68M 15,130.82M 20,151.90M 24,038.26M 25,786.90M
Income before tax 21,226.27M 15,268.97M 23,335.22M 24,171.34M 26,184.97M
Net income 16,347.34M 12,220.37M 18,728.65M 19,318.31M 20,683.60M
EBITDA 22,636.91M 20,781.04M 26,339.92M 30,442.31M 31,431.40M
Diluted EPS 1.14 0.85 1.31 1.35 1.45
Dividends Per Share 0.46 0.34 0.65 0.68 0.86
Total Assets 153,813.60M 154,706.21M 160,506.66M 173,130.82M 179,346.74M
Total liabilities 62,073.67M 57,458.80M 51,694.52M 52,816.60M 47,658.05M
Total equity 91,578.92M 97,044.25M 108,587.57M 120,057.54M 131,376.25M
Operating cash flow 18,697.55M 17,174.79M 23,359.14M 28,945.25M 25,930.41M
 Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017
Revenue 1,208.30M 1,166.03M 1,313.13M 1,439.92M 1,589.26M
Gross Profit 586.31M 597.75M 729.00M 749.12M 818.17M
Operating income 586.31M 469.41M 601.83M 679.20M 746.47M
Income before tax 696.75M 473.69M 696.90M 682.96M 757.99M
Net income 536.60M 379.11M 559.32M 545.83M 598.74M
EBITDA 743.05M 644.70M 786.63M 860.14M 909.86M
Diluted EPS 0.03 0.02 0.03 0.03 0.04
Dividends Per Share 0.01 0.01 0.01 0.01 0.02
Total Assets 4,917.31M 4,771.20M 4,422.28M 4,996.56M 5,377.71M
Total liabilities 1,984.45M 1,772.05M 1,424.28M 1,524.28M 1,429.02M
Total equity 2,927.71M 2,992.88M 2,991.80M 3,464.86M 3,939.31M
Operating cash flow 613.74M 532.82M 697.61M 817.84M 750.62M

Valuation Measures

Sep 2017
PER40.68
ROA11.73%
ROE16.45%
Operating margin46.96%
Profit margin37.67%

Key executives

  • President & Director: Nitinai Sirismatthakarn
  • Chief Financial Officer: Pattanapong Suwannachat
  • EVP-Group Communications & Information Technology: Kittipoj Venunandana
  • Senior EVP-Human Resources & Administration: Montri Mongkoldaow
  • Senior Executive Vice President-Corporate Strategy: Sasisubha Sukontasap

Shareholders

  • Government of Thailand (70.0%)
  • Social Security Office of Thailand (1.1%)
  • SRIVADDHANAPRABHA AIYAWATT /ENERGY/ (0.8%)
  • The Vanguard Group, Inc. (0.7%)
  • SRIVADDHANAPRABHA VORAMAS (0.6%)
  • GIC Pte Ltd. (Investment Management) (0.5%)
  • Krungsri Asset Management Co., Ltd. (0.5%)
  • Vontobel Asset Management, Inc. (0.4%)
  • Sands Capital Management LLC (0.2%)
  • Dimensional Fund Advisors LP (0.1%)

Contact Details

Related Companies

  • Airport Duty Free Co. Ltd.
  • Don Mueang International Airport Hotel Co. Ltd.
  • Suvarnabhumi Airport Hotel Co. Ltd.

Competitors

    Last Updated on 24 Apr, 2018

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