Airports of Thailand Public Company Limited (APTPF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Airports of Thailand Public Company Limited (APTPF) trades at $1.73 with AI Score 49/100 (Grade C). Airports of Thailand Public Company Limited (APTPF) manages and operates six international airports in Thailand. Market cap: $24.64B, Sector: Industrials.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for APTPF: APTPF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates APTPF against Industrials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
APTPF: the 1 perspectives are evenly split.
How is this calculated? →Airports of Thailand Public Company Limited (APTPF) Industrial Operations Profile
Airports of Thailand (APTPF) is a leading operator of international airports in Thailand, providing comprehensive services including airport management, hotel operations, ground aviation services, and security. With a strong market capitalization and established infrastructure, APTPF plays a critical role in Thailand's tourism and trade sectors.
What Is the Investment Thesis for APTPF?
Airports of Thailand (APTPF) presents a compelling investment case due to its strategic position in managing Thailand's primary international airports. With a market capitalization of $24.64B and a profit margin of 26.2%, APTPF demonstrates financial stability. The company's beta of 0.15 indicates lower volatility compared to the market. Growth catalysts include the ongoing expansion of airport infrastructure and increasing passenger traffic, driven by tourism and business travel. Key risks include potential economic downturns affecting travel demand and regulatory changes impacting airport operations. The dividend yield of 1.64% offers a steady income stream for investors.
Based on FMP financials and quantitative analysis
APTPF Key Highlights
- Market Cap of $24.64B reflects a strong valuation in the airport management sector.
- P/E ratio of 40.03 indicates investor expectations of future earnings growth.
- Profit Margin of 26.2% showcases efficient operations and profitability.
- Gross Margin of 61.1% demonstrates effective cost management in service delivery.
- Dividend Yield of 1.64% provides a steady income stream for investors.
Who Are APTPF's Competitors?
APTPF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AICAF Air China Limited | $0.52 | -11.06% | $10.58B | 42 |
| ARRPY Aeroports de Paris S.A. | $12.66 | -2.01% | $12.53B | 50 |
| BOUYF Bouygues S.A. | $59.34 | +0.00% | $22.91B | 49 |
| CHEAF China Eastern Airlines Corporation Limited | $0.40 | -15.33% | $11.44B | 45 |
| CHKIF China Southern Airlines Company Limited | $0.41 | -7.91% | $11.50B | 42 |
| JOBY Joby Aviation, Inc. | $9.07 | +6.89% | $8.93B | 65 |
| GOL Gol Linhas Aéreas Inteligentes S.A. | $2.71 | +3.23% | $4.35B | 62 |
| JTTRY Japan Airport Terminal Co., Ltd. | $15.20 | +8.88% | $2.82B | 62 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are APTPF's Key Strengths?
- Strategic location in a major tourism destination.
- Established infrastructure and operational expertise.
- Strong brand recognition as the primary airport operator in Thailand.
- Diversified revenue streams from airport operations, hotel services, and ground aviation services.
What Are APTPF's Weaknesses?
- Vulnerability to economic downturns affecting travel demand.
- Dependence on tourism trends and seasonality.
- Exposure to regulatory changes and political instability.
- Potential for operational disruptions due to security threats or natural disasters.
What Could Drive APTPF Stock Higher?
- Expansion of Suvarnabhumi Airport to increase capacity to 90 million passengers per year.
- Implementation of digital technologies to improve passenger experience and streamline operations.
- Potential for increased tourism due to easing of travel restrictions in the region.
- Development of airport cities around major airports to generate additional revenue streams.
What Are the Key Risks for APTPF?
- Economic downturns affecting travel demand and airport revenue.
- Regulatory changes impacting airport operations and fees.
- Security threats or terrorist attacks disrupting airport operations.
- Increasing competition from other airport operators in the region.
- Fluctuations in fuel prices affecting airline profitability and travel demand.
What Are the Growth Opportunities for APTPF?
- Expansion of Airport Infrastructure: APTPF can capitalize on the increasing demand for air travel by expanding the capacity of its existing airports. This includes adding new terminals, runways, and parking facilities to accommodate more passengers and flights. The expansion of Suvarnabhumi Airport, for example, is expected to increase its capacity to 90 million passengers per year, creating significant revenue opportunities. Timeline: Ongoing.
- Development of Airport Cities: APTPF has the opportunity to develop airport cities around its major airports, creating commercial and residential zones that cater to travelers and local residents. These airport cities can include hotels, shopping malls, office buildings, and entertainment facilities, generating additional revenue streams for APTPF. Market Size: Significant revenue potential from real estate development and commercial activities. Timeline: Medium-term.
- Enhancement of Ground Aviation Services: APTPF can improve its ground aviation services, such as baggage handling, aircraft maintenance, and cargo operations, to attract more airlines and increase its service fees. By investing in advanced technologies and equipment, APTPF can enhance the efficiency and reliability of its services, giving it a competitive edge. Market Size: Growing demand for efficient ground handling services. Timeline: Ongoing.
- Digital Transformation: APTPF can leverage digital technologies to improve the passenger experience, streamline operations, and generate new revenue streams. This includes implementing mobile apps for check-in and boarding, providing free Wi-Fi throughout the airports, and using data analytics to optimize airport operations. Market Size: Increasing adoption of digital technologies in the aviation industry. Timeline: Ongoing.
- Strategic Partnerships: APTPF can form strategic partnerships with airlines, tourism operators, and other businesses to expand its reach and offer more comprehensive services to travelers. These partnerships can include joint marketing campaigns, bundled travel packages, and co-branded products. Market Size: Increased market penetration through collaborative efforts. Timeline: Ongoing.
What Opportunities Does APTPF Have?
- Expansion of airport infrastructure to accommodate increasing passenger traffic.
- Development of airport cities to generate additional revenue streams.
- Enhancement of ground aviation services to attract more airlines.
- Leveraging digital technologies to improve the passenger experience and streamline operations.
What Threats Does APTPF Face?
- Increasing competition from other airport operators in the region.
- Potential for terrorist attacks or security breaches.
- Adverse impact of environmental regulations on airport operations.
- Fluctuations in fuel prices affecting airline profitability and travel demand.
What Are APTPF's Competitive Advantages?
- Strategic Location: Operates key international airports in Thailand, providing essential infrastructure for tourism and trade.
- High Barriers to Entry: Significant capital investment and regulatory approvals required to establish new international airports.
- Established Infrastructure: Well-developed airport facilities and operational expertise.
- Strong Brand Recognition: Recognized as the primary operator of international airports in Thailand.
What Does APTPF Do?
Airports of Thailand Public Company Limited (APTPF) was established in 1903 and is headquartered in Bangkok, Thailand. The company plays a pivotal role in managing and operating Thailand's international airports. APTPF oversees six major international airports: Suvarnabhumi, Don Mueang, Chiang Mai, Hat Yai, Phuket, and Mae Fah Luang Chiang Rai. These airports are vital gateways for tourism and trade, contributing significantly to the Thai economy. APTPF operates through several key segments, including Airport Management Business, which focuses on the core operations of the airports; Hotel Business, providing accommodation and hospitality services; Ground Aviation Services, offering essential support for aircraft operations; Security Business, ensuring safety and protection within the airports; and Project on Perishable Goods Business, facilitating the efficient handling of time-sensitive cargo. The company's diverse operations also extend to hotel and restaurant services, rental of ground equipment, and comprehensive security solutions, making it a multifaceted player in the aviation and tourism sectors.
What Products and Services Does APTPF Offer?
- Manages and operates six international airports in Thailand.
- Provides airport management services, including air traffic control and ground handling.
- Offers hotel and restaurant services within airport premises.
- Provides ground aviation services, such as aircraft maintenance and baggage handling.
- Ensures airport security through comprehensive security services.
- Handles perishable goods through specialized cargo operations.
How Does APTPF Make Money?
- Generates revenue from airport usage fees charged to airlines.
- Earns income from concession fees paid by retailers and service providers operating within the airports.
- Receives revenue from hotel and restaurant operations.
- Derives income from ground aviation services, such as aircraft maintenance and baggage handling.
What Industry Does APTPF Operate In?
Airports of Thailand (APTPF) operates within the global airlines, airports, and air services industry, which is influenced by factors such as tourism trends, economic growth, and regulatory policies. The industry is characterized by high capital expenditure and long-term infrastructure development. APTPF's competitive landscape includes other airport operators and aviation service providers. The company benefits from Thailand's growing tourism sector, but faces challenges from increasing competition and potential economic fluctuations affecting travel demand. The industry is also subject to stringent safety and security regulations, impacting operational costs.
Who Are APTPF's Key Customers?
- Airlines operating international flights to and from Thailand.
- Passengers traveling through the six international airports.
- Retailers and service providers operating within the airports.
- Cargo operators handling perishable goods.
Airports of Thailand Public Company Limited (APTPF) Valuation Context
Valued at $24.64B, APTPF is classified as a large-cap stock. Relative to its peer group, APTPF's quantitative score of 49/100 is roughly in line with the peer average of 46/100.
APTPF Revenue & Earnings Trend
In Q1 2026, APTPF generated $18.46B in top-line revenue, marking a sequential increase of 9.5%. The company recorded net income of $5.72B, with diluted EPS of $0.40. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Industrials company. Across the four most recent quarters, APTPF averaged $0.32 in diluted EPS.
Company Profile
Airports of Thailand Public Company Limited operates in the Airlines, Airports & Air Services industry within the Industrials sector. It is headquartered in Bangkok, TH. The company is led by CEO Paweena Jariyathitipong. APTPF has traded publicly since 2006.
ROE 14%Key Financial Metrics
Return on equity for Airports of Thailand Public Company Limited stands at 13.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 9.0%, showing how much profit it generates from its asset base. APTPF trades at a trailing price-to-earnings ratio of 43.61, above the Industrials sector average of ~30x. Its free cash flow yield is 3.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.60 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 2.3%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 7/9Financial Health
Airports of Thailand Public Company Limited's Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 8.55 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project Airports of Thailand Public Company Limited revenue of about $69.27B for fiscal 2026, with EPS near $0.00. The estimate reflects 20 contributing analysts.
APTPF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strategic location in a major tourism destination.
- Established infrastructure and operational expertise.
- Strong brand recognition as the primary airport operator in Thailand.
- Diversified revenue streams from airport operations, hotel services, and ground aviation services.
Bear Case
- Vulnerability to economic downturns affecting travel demand.
- Dependence on tourism trends and seasonality.
- Exposure to regulatory changes and political instability.
- Potential for operational disruptions due to security threats or natural disasters.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $18.46B | $5.72B | $0.40 |
| Q4 2025 | $16.85B | $4.65B | $0.33 |
| Q3 2025 | $15.77B | $3.86B | $0.27 |
| Q2 2025 | $15.34B | $3.86B | $0.27 |
Based on FMP financials and quantitative analysis
APTPF Latest News
No recent news available for APTPF.
APTPF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for APTPF.
Price Targets
Wall Street price target analysis for APTPF.
APTPF MoonshotScore
What does this score mean?
The MoonshotScore rates APTPF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Paweena Jariyathitipong
Managing Director
Paweena Jariyathitipong serves as the Managing Director of Airports of Thailand Public Company Limited, overseeing the operations of six international airports and managing a workforce of 4094 employees. Her career spans various leadership roles within the aviation and transportation sectors. She brings extensive experience in strategic planning, operational management, and stakeholder engagement. Her educational background includes advanced degrees in business administration and aviation management.
Track Record: Under Paweena Jariyathitipong's leadership, Airports of Thailand has focused on enhancing airport infrastructure and improving passenger experience. Key achievements include the expansion of Suvarnabhumi Airport and the implementation of digital technologies to streamline operations. She has also emphasized sustainable practices and community engagement, contributing to the company's long-term growth and reputation.
APTPF OTC Market Information
The OTC Other tier represents the lowest tier of over-the-counter (OTC) markets, indicating that Airports of Thailand Public Company Limited (APTPF) may have limited regulatory oversight and reporting requirements compared to companies listed on major exchanges like the NYSE or NASDAQ. Companies in this tier often have minimal financial disclosure, making it difficult for investors to assess their financial health and operational performance. This tier is distinct from higher OTC tiers like OTCQX and OTCQB, which require more stringent reporting standards and greater transparency. Investing in OTC Other stocks carries higher risks due to the lack of comprehensive information and regulatory scrutiny.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited Financial Disclosure: Lack of comprehensive and regular financial reporting increases investment risk.
- Low Liquidity: Limited trading volume can lead to wider bid-ask spreads and increased price volatility.
- Regulatory Uncertainty: OTC markets have less regulatory oversight compared to major exchanges.
- Information Asymmetry: Difficulty in obtaining reliable information about the company's operations and financial condition.
- Potential for Fraud: Higher risk of fraudulent activities due to limited scrutiny and oversight.
- Verify the company's registration and legal status.
- Review available financial statements and assess their reliability.
- Research the company's management team and their track record.
- Assess the company's business model and competitive position.
- Evaluate the company's risk factors and potential liabilities.
- Monitor trading volume and price volatility.
- Consult with a financial advisor to assess the suitability of the investment.
- Established Operations: Airports of Thailand has a long history of operating international airports.
- Government Ownership: The Thai government holds a significant stake in the company.
- Publicly Traded: The company is listed on the OTC market, providing some level of transparency.
- Operational Infrastructure: APTPF manages critical infrastructure assets, indicating a substantial business operation.
What Investors Ask About Airports of Thailand Public Company Limited (APTPF) — Industrials
What does Airports of Thailand Public Company Limited do?
Airports of Thailand Public Company Limited (APTPF) is responsible for managing and operating six international airports in Thailand. These airports include Suvarnabhumi, Don Mueang, Chiang Mai, Hat Yai, Phuket, and Mae Fah Luang Chiang Rai. The company's core business involves providing airport management services, including air traffic control, ground handling, and security. Additionally, APTPF generates revenue from hotel and restaurant operations, ground aviation services, and cargo handling, playing a crucial role in Thailand's tourism and trade sectors.
What are the main risks for APTPF?
The main risks for Airports of Thailand Public Company Limited (APTPF) include economic downturns that could reduce travel demand and airport revenue. Regulatory changes impacting airport operations and fees also pose a risk. Security threats or terrorist attacks could disrupt airport operations and negatively impact passenger traffic. Increasing competition from other airport operators in the region and fluctuations in fuel prices affecting airline profitability and travel demand are additional factors to consider. These risks could affect APTPF's financial performance and long-term growth prospects.
What are the key factors to evaluate for APTPF?
Airports of Thailand Public Company Limited (APTPF) holds an AI score of 49/100 (low). Not financial advice.
How frequently does APTPF data refresh on this page?
APTPF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven APTPF's recent stock price performance?
Airports of Thailand Public Company Limited (APTPF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strategic location in a major tourism destination. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider APTPF overvalued or undervalued right now?
Valuing Airports of Thailand Public Company Limited (APTPF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying APTPF?
Before investing in Airports of Thailand Public Company Limited (APTPF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding APTPF to a portfolio?
Key strength of Airports of Thailand Public Company Limited (APTPF): Strategic location in a major tourism destination. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC market data may have limited reliability.
- AI analysis pending for APTPF.