Airports of Thailand Public Co. Ltd.
In the news
- Thailand's travel slump clouds outlook for $9bn 'Airport City' Jul 1, 2020
- Bangkok 'mall war' heats up as coronavirus clouds Thai retail boom Jun 26, 2020
- Thai Airways on financial brink as government debates rescue Apr 23, 2020
- Southeast Asian stocks hammered by oil price fall and coronavirus Mar 9, 2020
- Coronavirus hits Thailand hardest in tourism-reliant SE Asia Jan 27, 2020 See more articles on Airports of Thailand Public Co. Ltd.
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
Financial Highlights
| Sep 2020 | THB | USD |
| Revenue | 31,179.09M | 998.90M |
| Gross Profit | 7,738.64M | 247.92M |
| Operating income | 5,133.07M | 164.45M |
| Income before tax | 5,336.57M | 170.97M |
| Net income | 4,320.67M | 138.42M |
| EBITDA | 10,574.32M | 338.77M |
| Diluted EPS | 0.30 | 0.00 |
| Dividends Per Share | 0.19 | 0.00 |
| Total Assets | 173,558.57M | 5,477.19M |
| Total liabilities | 30,526.90M | 963.37M |
| Total equity | 142,235.57M | 4,488.69M |
| Operating cash flow | -325.74M | -10.43M |
| Currency in THB | Currency in USD |
Historical Data
| Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | |
| Revenue | 50,961.95M | 54,901.16M | 60,537.40M | 62,783.41M | 31,179.09M |
| Gross Profit | 26,513.08M | 28,263.90M | 33,305.42M | 32,985.86M | 7,738.64M |
| Operating income | 24,038.26M | 25,786.90M | 30,710.54M | 30,201.29M | 5,133.07M |
| Income before tax | 24,171.34M | 26,184.97M | 31,127.36M | 31,484.31M | 5,336.57M |
| Net income | 19,318.31M | 20,683.60M | 25,170.76M | 25,026.36M | 4,320.67M |
| EBITDA | 30,442.31M | 31,431.40M | 36,352.21M | 36,052.76M | 10,574.32M |
| Diluted EPS | 1.35 | 1.45 | 1.76 | 1.75 | 0.30 |
| Dividends Per Share | 0.68 | 0.86 | 1.05 | 1.05 | 0.19 |
| Total Assets | 173,130.82M | 179,346.74M | 187,708.55M | 198,381.55M | 173,558.57M |
| Total liabilities | 52,816.60M | 47,658.05M | 43,439.43M | 43,842.92M | 30,526.90M |
| Total equity | 120,057.54M | 131,376.25M | 143,902.78M | 153,899.11M | 142,235.57M |
| Operating cash flow | 28,945.25M | 25,930.41M | 32,849.22M | 32,128.85M | -325.74M |
| Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | |
| Revenue | 1,439.92M | 1,589.26M | 1,871.05M | 1,981.31M | 998.90M |
| Gross Profit | 749.12M | 818.17M | 1,029.38M | 1,040.96M | 247.92M |
| Operating income | 679.20M | 746.47M | 949.18M | 953.09M | 164.45M |
| Income before tax | 682.96M | 757.99M | 962.06M | 993.58M | 170.97M |
| Net income | 545.83M | 598.74M | 777.96M | 789.78M | 138.42M |
| EBITDA | 860.14M | 909.86M | 1,123.55M | 1,137.75M | 338.77M |
| Diluted EPS | 0.03 | 0.04 | 0.05 | 0.05 | 0.00 |
| Dividends Per Share | 0.01 | 0.02 | 0.03 | 0.03 | 0.00 |
| Total Assets | 4,996.56M | 5,377.71M | 5,804.22M | 6,486.23M | 5,477.19M |
| Total liabilities | 1,524.28M | 1,429.02M | 1,343.21M | 1,433.47M | 963.37M |
| Total equity | 3,464.86M | 3,939.31M | 4,449.68M | 5,031.84M | 4,488.69M |
| Operating cash flow | 817.84M | 750.62M | 1,015.28M | 1,013.92M | -10.43M |
Valuation Measures
| Sep 2020 | |
| PER | 186.83 |
| ROA | 2.32% |
| ROE | 2.91% |
| Operating margin | 16.46% |
| Profit margin | 13.85% |
Key executives
- President & Director: Nitinai Sirismatthakarn
- Chief Financial Officer & Senior EVP-Accounting: Somboon Noinamkham
- 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%)
- Norges Bank Investment Management (0.5%)
- TMB Asset Management Co., Ltd. (0.4%)
- Krung Thai Asset Management Public Co., Ltd. (0.3%)
- MFC Asset Management Public Co., Ltd. (Investment Management) (0.3%)
- Sands Capital Management LLC (0.3%)
- Handelsbanken Fonder AB (0.1%)
- US Global Investors, Inc. (Asset Management) (0.0%)
- JPMorgan Asset Management (Singapore) Ltd. (0.0%)
Contact Details
- Website:http://www.airportthai.co.th
- Address: 333 Cherdwutugard Road, Srikan, Don Mueang, Bangkok, 10210, Thailand
- Phone: +66.2.2535.1192
Related Companies
- Airport Duty Free Co. Ltd.
- Don Mueang International Airport Hotel Co. Ltd.
- Suvarnabhumi Airport Hotel Co. Ltd.
Competitors
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Last Updated on 4 Dec, 2020
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