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Flags

Financial distress

Bangkok Airways

SET:BA · TH4403010002
AirlinesMedium

360

90
EV / EBIT64
Price / Owner Earnings37
Owner Earnings Yield75
Dividend Yield87
Price/Sales55
EV / Gross Profit54
Price/Book24
Return on Capital78
Cash Return on Capital81
Return on Equity96
EBIT Margin73
Gross Profitability59
Cash Conversion30
Accruals93
Owner Earnings Margin75
Sales growth1
Profit Growth43
Long-Term EPS Growth77
Owner Earnings Growth78
Reinvestment61
Price momentum78
Debt load25
Refinancing10
Debt Payback61
Liquidity55
Analyst ratings45
Opinion Changes14
Price Target Upside57
Market mood34
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Bangkok Airways generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryThailand
IndustryAirlines
SizeMedium
TypePublic Company
ExchangeSET
Founded2013
Employees557
Websitebangkokair.com
ISINTH4403010002
Last UpdateApr 2, 2026
Indices
SET (Thailand)
Themes
Freight ServicePassenger Aircraft ManufacturingAir TransportationService IndustryTransportation

Description

Bangkok Airways Public Company Limited, together with its subsidiaries, provides air transportation and airport services. Business Segments The company operates within distinct business segments crucial for its operations and service delivery. The…

Analysis

Quality compounder

Bangkok Airways Public Company Limited earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is attractive. The owner-earnings multiple stands at 9.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -4% a year, against analyst forecasts of 3%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is adequate. The company scores 18/20 on our value-creation score: strong value creator.

Flags to be aware of: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
16
2023202420252026

All-time high

96

Jan 2025

All-time low

16

Jun 2026

Average rank

55

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
55
42
55
70
Price/Earnings
68
63
49
9
Price/Book
24
38
62
67
Dividend Yield
87
86
74
1
Value (overall)
66
67
69
51

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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The companies this stock is ranked against.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →