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Transportation

Airports of Thailand

  • 71.75 THB
  • +1.50
  • +2.14%
  • Thailand
    Aug 20, 2019
  • Ticker
    BKK(AOT)
  • Prev. close
    70.25
  • Market cap (THB)
    1,003.57B
  • Market cap (USD)
    32,591.36M
  • 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 Business and Hotel Business segments. It also 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 2018 THBUSD
Revenue60,537.40M1,871.05M
Gross Profit33,305.42M1,029.38M
Operating income30,710.54M949.18M
Income before tax31,127.36M962.06M
Net income25,170.76M777.96M
EBITDA36,352.21M1,123.55M
Diluted EPS1.760.05
Dividends Per Share1.050.03
Total Assets187,708.55M5,804.22M
Total liabilities43,439.43M1,343.21M
Total equity143,902.78M4,449.68M
Operating cash flow32,849.22M1,015.28M
Currency in THBCurrency in USD

Historical Data

 Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018
Revenue 37,585.46M 43,968.99M 50,961.95M 54,901.16M 60,537.40M
Gross Profit 19,267.87M 24,409.92M 26,513.08M 28,263.90M 33,305.42M
Operating income 15,130.82M 20,151.90M 24,038.26M 25,786.90M 30,710.54M
Income before tax 15,268.97M 23,335.22M 24,171.34M 26,184.97M 31,127.36M
Net income 12,220.37M 18,728.65M 19,318.31M 20,683.60M 25,170.76M
EBITDA 20,781.04M 26,339.92M 30,442.31M 31,431.40M 36,352.21M
Diluted EPS 0.85 1.31 1.35 1.45 1.76
Dividends Per Share 0.34 0.65 0.68 0.86 1.05
Total Assets 154,706.21M 160,506.66M 173,130.82M 179,346.74M 187,708.55M
Total liabilities 57,458.80M 51,694.52M 52,816.60M 47,658.05M 43,439.43M
Total equity 97,044.25M 108,587.57M 120,057.54M 131,376.25M 143,902.78M
Operating cash flow 17,174.79M 23,359.14M 28,945.25M 25,930.41M 32,849.22M
 Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018
Revenue 1,166.03M 1,313.13M 1,439.92M 1,589.26M 1,871.05M
Gross Profit 597.75M 729.00M 749.12M 818.17M 1,029.38M
Operating income 469.41M 601.83M 679.20M 746.47M 949.18M
Income before tax 473.69M 696.90M 682.96M 757.99M 962.06M
Net income 379.11M 559.32M 545.83M 598.74M 777.96M
EBITDA 644.70M 786.63M 860.14M 909.86M 1,123.55M
Diluted EPS 0.02 0.03 0.03 0.04 0.05
Dividends Per Share 0.01 0.01 0.01 0.02 0.03
Total Assets 4,771.20M 4,422.28M 4,996.56M 5,377.71M 5,804.22M
Total liabilities 1,772.05M 1,424.28M 1,524.28M 1,429.02M 1,343.21M
Total equity 2,992.88M 2,991.80M 3,464.86M 3,939.31M 4,449.68M
Operating cash flow 532.82M 697.61M 817.84M 750.62M 1,015.28M

Valuation Measures

Sep 2018
PER37.17
ROA13.71%
ROE18.28%
Operating margin50.72%
Profit margin41.57%

Key executives

  • President & Director: Nitinai Sirismatthakarn
  • Chief Financial Officer: Pattanapong Suwannachat
  • EVP-Information and Communication Technology Group: Kittipoj Venunandana
  • Senior Executive VP-HR & Administration: Chadanisa Chumnanvej
  • Senior Executive Vice President-Corporate Strategy: Sasisubha Sukontasap

Shareholders

  • Government of Thailand (70.0%)
  • Social Security Office of Thailand (1.1%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • Sands Capital Management LLC (0.3%)
  • Norges Bank Investment Management (0.2%)
  • Dimensional Fund Advisors LP (0.1%)
  • Bessemer Investment Management LLC (0.1%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.1%)
  • The Caisse de depot et placement du Quebec (0.0%)
  • Canada Pension Plan Investment Board (0.0%)

Contact Details

Related Companies

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

Competitors

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