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Bangkok Aviation Fuel Services Public Company Limited (BAFS.BK)

THB10.40 +0.10 (+0.97%)
TH SET Industrials Airlines, Airports & Air Services
Address 171/2 Kamphaeng Phet 6 Road 10210
Bangkok, TH
CEO L. Nathasit Diskul
IPO 2002-04-04
ISIN TH0669010Z02

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Description

Founded in 1983 and headquartered in Bangkok, Thailand, this enterprise specializes in comprehensive aviation fuel services and infrastructure. Its core operations at Bangkok International Airport involve the storage of aviation fuel and the direct refueling of aircraft. The company's offerings extend to direct into-plane fuel delivery, the management of extensive hydrant networks, and facilitating fuel transportation through pipelines. Additionally, it handles the assembly and maintenance of hydrant dispenser systems. Diversifying its business, the firm also generates and distributes electricity from solar power, invests in various renewable energy projects, and provides property rental services.

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
THB10.40 +0.10 (+0.97%)
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Volume Profile
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Liquidity & share structure
Average Volume
424.8K
Beta
0.32
Float Shares
214.64M
Free Float %
33.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.60% +0.00% +0.60% -11.98% -3.98% -0.59% +6.96% -73.39% -65.37% -75.51% +27.84%
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
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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
10.40
DCF (Unlevered) 32.76 +215.0%
DCF (Levered) 53.69 +416.2%

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)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.47
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Airlines, Airports & Air Services: +6.5%
    +5.0% Q1'26: +0.3% (vs Q1'25)
  • EPS growth Airlines, Airports & Air Services: +12.5%
    +337.7% Q1'26: +20.0% (vs Q1'25)
  • FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%
    +4.6% Q1'26: +8.5% (vs Q1'25)
  • EBIT margin Airlines, Airports & Air Services: +10.3%
    +21.5% Q1'26: +31.3% (vs Q1'25)
  • ROIC Airlines, Airports & Air Services: +6.0%
    +2.3% Q1'26: +4.3% (vs Q1'25)
  • Share dilution Airlines, Airports & Air Services: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×
    9.20× Q1'26: 6.71× (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 (0.33) × ERP
WACC = 26% × Ke + 74% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 31.49 Current price: 10.40
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 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
1 Rev. Ana.
1 EPS Ana.
Revenue
3.75B
est: 3.80B (-1.2%)
3.87B
est: 4.11B (-5.7%)
1.80B
est: 4.39B (-58.9%)
1.62B
est: 2.47B (-34.6%)
2.19B
est: 2.10B (+4.5%)
2.98B
est: 2.96B (+0.5%)
3.45B
est: 3.48B (-0.9%)
3.62B
est: 3.67B (-1.5%)
3.91B
3.91B – 3.91B
+6.3% YoY
EBITDA
2.10B
est: 1.48B (+41.3%)
2.04B
est: 1.60B (+27.4%)
570.20M
est: 1.71B (-66.7%)
348.14M
est: 964.11M (-63.9%)
1.04B
est: 818.97M (+27.1%)
1.40B
est: 1.16B (+21.0%)
1.64B
est: 2.19B (-25.3%)
1.67B
est: 2.31B (-27.9%)
2.46B
2.46B – 2.46B
+6.3% YoY
EBIT
1.54B
est: -35.94M (+4,373.1%)
1.43B
est: -38.82M (+3,772.4%)
-225.98M
est: -41.53M (-444.1%)
-624.03M
est: -23.37M (-2,570.6%)
137.61M
est: -19.85M (+793.3%)
502.77M
est: -28.01M (+1,895.0%)
796.00M
est: 202.83M (+292.4%)
777.42M
est: 214.14M (+263.0%)
227.72M
227.72M – 227.72M
+6.3% YoY
Net Income
1.05B
est: 1.05B (-0.1%)
939.92M
est: 968.99M (-3.0%)
-418.89M
-884.25M
est: -592.87M (-49.1%)
-400.89M
est: -114.75M (-249.4%)
-138.05M
est: 70.12M (-296.9%)
102.86M
est: 213.56M (-51.8%)
211.94M
est: 401.62M (-47.2%)
656.62M
656.62M – 656.62M
+63.5% YoY
SGA
611.78M
est: 1.13B (-46.1%)
701.39M
est: 1.23B (-42.8%)
588.89M
est: 1.31B (-55.1%)
634.07M
est: 737.73M (-14.1%)
611.32M
est: 626.66M (-2.4%)
779.27M
est: 884.31M (-11.9%)
806.32M
est: 941.06M (-14.3%)
672.32M
est: 993.52M (-32.3%)
1.06B
1.06B – 1.06B
+6.3% YoY
EPS
1.65
est: 1.65 (+0.0%)
1.47
est: 1.52 (-3.3%)
-0.66
-1.39
est: -0.93 (-49.5%)
-0.63
est: -0.18 (-250.0%)
-0.26
est: 0.11 (-336.4%)
0.08
est: 0.34 (-77.5%)
0.33
est: 0.63 (-47.6%)
1.03
1.03 – 1.03
+63.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 5/5 3/5 3/5 1/5 2/5 4/5
2026-05-08 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-05-07 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-05-06 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-05-05 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-04-30 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-04-29 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-04-28 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-04-27 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-24 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-23 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-22 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-21 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-20 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-17 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-16 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.59B
OE per share TTM
2.50
Owner's Yield
29.53%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
551.0%

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 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 20.9K 0.28%
2 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 13.5K 0.39%

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
1.90M
Shares Outstanding
637.50M

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
Mom Rajawongse Supadis Diskul Executive Director 1M male
L. Nathasit Diskul President and Director 1M male
Jaksanit Kritsaadjai Chief Financial Officer and Vice President of Corporate Accounting & Finance male
Nattapol Narkuam Technical Director male
Panita Promnart Strategy & Sustainability Director female
Parndao Sukhyanga Director of Corporate Governance & Administration female
Pitsapong Chantranont Manager of Investor Relations female
Rawinda Punnahitanon Director of Corporate Finance female
Wirun Suwanno Corporate Governance and Administration Director & Company Secretary male
Anawat Kiatfuengfoo People Affairs Director male
Yuphadee Tongaroonsri Director of Donmueang & Regional Airport female
Chakri Tepkasetkul Business Development & Marketing Director male
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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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits