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Bangkok Airways Public Company Limited (BA.BK)

THB18.20 -0.10 (-0.55%)
TH SET Industrials Airlines, Airports & Air Services
Address Vibhavadirangsit Road 10900
Bangkok, TH
CEO Puttipong Prasarttong-Osoth
IPO 2014-11-03
ISIN TH4403010002

Explore sections of this company profile

Also trades on Stock Exchange of Thailand · BA-R.BK (THB) Stock Exchange of Thailand · BA.BK (THB)
Description

Bangkok Airways Public Company Limited, together with its subsidiaries, provides air transportation and airport services. The company operates through Airline, Airport, and Supporting Airline Business segments. The Airline segment engages in the sale of tickets, as well as the provision of services for passengers. The Airport segment offers location services for passengers and airlines. The Supporting Airline Business segment provides ground handling, cargo, and catering services for airlines and customers. It offers aviation training, REIT management, catering, and other management services; airport management services; operates restaurants; distributes souvenirs; and produces and processes food for distribution. Bangkok Airways Public Company Limited was founded in 1968 and is headquartered in Bangkok, Thailand.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
THB18.20 -0.10 (-0.55%)
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Volume Profile
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Liquidity & share structure
Average Volume
11M
Beta
0.40
Float Shares
787.54M
Free Float %
38.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.72% -1.41% +0.72% -18.60% +0.00% -5.41% -10.83% -1.41% +107.41% -44.00% -44.00%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
18.20
DCF (Unlevered) 802.43 +4,309.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 90% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 8 0
Hold 0 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.43
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Airlines, Airports & Air Services: +6.5%
    +0.4% Q1'26: -2.1% (vs Q1'25)
  • EPS growth Airlines, Airports & Air Services: +12.5%
    -6.1% Q1'26: +26.3% (vs Q1'25)
  • FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%
    +5.7% Q1'26: +28.3% (vs Q1'25)
  • EBIT margin Airlines, Airports & Air Services: +10.3%
    +15.0% Q1'26: +29.6% (vs Q1'25)
  • ROIC Airlines, Airports & Air Services: +6.0%
    +6.8% Q1'26: +23.9% (vs Q1'25)
  • Share dilution Airlines, Airports & Air Services: +0.0%
    -0.2% Q1'26: -1.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×
    7.84× Q1'26: 2.49× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.34) × ERP
WACC = 42% × Ke + 58% × Kd (4.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 805.61 Current price: 18.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
7 EPS Ana.
Dec 2027
7 Rev. Ana.
8 EPS Ana.
Dec 2028
4 Rev. Ana.
5 EPS Ana.
Revenue
23.11B
est: 23.77B (-2.8%)
24.69B
est: 25.72B (-4.0%)
24.93B
est: 25.48B (-2.2%)
25.16B
est: 26.53B (-5.2%)
23.96B
est: 24.71B (-3.0%)
7.67B
est: 15.63B (-51.0%)
2.72B
est: 2.46B (+10.6%)
11.30B
est: 9.84B (+14.9%)
19.68B
est: 23.95B (-17.8%)
24.00B
est: 24.23B (-1.0%)
24.10B
est: 24.10B (0.0%)
24.25B
23.09B – 25.29B
+0.6% YoY
25.31B
23.52B – 27.70B
+4.4% YoY
26.34B
26.09B – 26.59B
+4.1% YoY
EBITDA
3.18B
est: -2.23B (+242.9%)
4.89B
est: -2.41B (+303.0%)
3.59B
est: -2.39B (+250.2%)
2.79B
est: -2.49B (+212.1%)
3.08B
est: -2.32B (+233.1%)
-1.36B
est: -1.47B (+6.9%)
-5.19B
est: -230.24M (-2,152.1%)
1.42B
est: -922.72M (+253.9%)
5.01B
est: -358.50M (+1,497.5%)
7.90B
est: -362.64M (+2,277.2%)
5.21B
est: -360.75M (+1,542.9%)
-362.98M
-378.59M – -345.65M
-0.6% YoY
-378.89M
-414.64M – -352.02M
-4.4% YoY
-394.30M
-398.07M – -390.54M
-4.1% YoY
EBIT
3.71B
est: -5.73B (+164.7%)
3.84B
est: -6.20B (+162.0%)
2.34B
est: -6.14B (+138.1%)
2.23B
est: -6.40B (+134.9%)
1.68B
est: -5.96B (+128.2%)
-4.18B
est: -3.77B (-10.9%)
-7.53B
est: -592.05M (-1,171.4%)
-651.05M
est: -2.37B (+72.6%)
3.23B
est: -2.44B (+232.5%)
6.36B
est: -2.47B (+357.5%)
3.63B
est: -2.46B (+247.6%)
-2.47B
-2.58B – -2.35B
-0.6% YoY
-2.58B
-2.82B – -2.40B
-4.4% YoY
-2.69B
-2.71B – -2.66B
-4.1% YoY
Net Income
1.80B
est: 2.05B (-12.4%)
1.77B
est: 2.52B (-29.9%)
787.91M
est: -93.72M (+940.7%)
249.26M
est: 144.52M (+72.5%)
350.83M
est: -384.03M (+191.4%)
-5.33B
est: -5.26B (-1.4%)
-8.60B
est: -4.92B (-74.8%)
-2.13B
est: -2.59B (+17.8%)
3.11B
est: 4.15B (-25.1%)
3.79B
est: 3.64B (+4.1%)
3.55B
est: 3.55B (+0.0%)
3.33B
2.10B – 3.93B
-6.1% YoY
3.96B
2.50B – 4.57B
+18.9% YoY
4.00B
3.29B – 4.95B
+1.0% YoY
SGA
3.46B
est: 6.45B (-46.3%)
3.84B
est: 6.97B (-45.0%)
4.05B
est: 6.91B (-41.4%)
4.17B
est: 7.19B (-42.0%)
4.60B
est: 6.70B (-31.4%)
2.38B
est: 4.24B (-43.8%)
1.55B
est: 665.88M (+132.9%)
2.10B
est: 2.67B (-21.4%)
2.99B
est: 5.67B (-47.3%)
3.27B
est: 5.74B (-43.0%)
3.37B
est: 5.71B (-41.0%)
5.75B
5.47B – 5.99B
+0.6% YoY
6.00B
5.57B – 6.56B
+4.4% YoY
6.24B
6.18B – 6.30B
+4.1% YoY
EPS
0.86
est: 0.98 (-12.0%)
0.84
est: 1.20 (-30.1%)
0.38
est: -0.04 (+951.4%)
0.12
est: 0.07 (+74.4%)
0.17
est: -0.18 (+193.0%)
-2.59
est: -2.50 (-3.5%)
-4.17
est: -2.34 (-78.0%)
-1.01
est: -1.23 (+17.6%)
1.48
est: 1.98 (-25.1%)
1.80
est: 1.72 (+4.4%)
1.69
est: 1.68 (+0.8%)
1.53
1.00 – 1.87
-9.1% YoY
1.80
1.19 – 2.18
+18.1% YoY
1.90
1.57 – 2.36
+5.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-05-11 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-05-08 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-05-07 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-05-06 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-05-05 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-30 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-29 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-28 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-27 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-24 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-23 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-22 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-21 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-20 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-17 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5
2026-04-16 A 4/5 4/5 5/5 5/5 1/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
4.52B
OE per share TTM
2.16
Owner's Yield
15.69%
Maintenance CapEx ratio
75.91%
Maint CapEx / Avg PPE
87.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.05% 335.0K 0.65%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.31M
Shares Outstanding
2.07B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Puttipong Prasarttong-Osoth Vice Chairman, Chief Executive Officer, President, Executive Vice President of Operations, Senior VP of Commercial & VP of HR 5M male
Prasert Prasarttong-Osoth Founder & Chairman of the Board 5M male
Pradit Theekakul Executive Vice President of Corporate Admin, Portfolio & Business Development, VP of Admin and Executive Director 4M male
Anawat Leelawatwatana Senior Vice President of Finance & Accounting and Executive Director 4M male
Tresarun Sitakalin VP, Company Secretary & Acting VP of Airport female
Amornrat Kongsawat Vice President of Sales & Vice President of Marketing (Acting) female
Christophe Clarenc Senior Vice President of Maintenance & Engineering male
Air Marshal Dechit Chareonwong Senior Vice President of Operations & VP of Flight Operations
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits