Nok Airlines Public Company Limited (NOKFF)
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.
Nok Airlines Public Company Limited (NOKFF) trades at $0.10 with AI Score 47/100 (Grade C). Nok Airlines Public Company Limited provides air transport services for passengers and parcels in Thailand. Market cap: $33.56M, Sector: Industrials.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for NOKFF: NOKFF 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 NOKFF against Industrials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
NOKFF: the 1 perspectives are evenly split.
How is this calculated? →Nok Airlines Public Company Limited (NOKFF) Industrial Operations Profile
Nok Airlines Public Company Limited, based in Thailand, offers passenger and parcel air transport services, operating in both domestic and international markets. With a P/E ratio of 15.22 and a modest profit margin of 0.6%, the company competes within the broader airlines and tourism sector in Southeast Asia.
What Is the Investment Thesis for NOKFF?
Nok Airlines Public Company Limited presents a mixed investment profile. The company's P/E ratio of 15.22 suggests a potentially reasonable valuation, but its low profit margin of 0.6% raises concerns about profitability. A beta of 0.57 indicates lower volatility compared to the market. Growth catalysts include the expansion of tourism in Thailand and the broader Southeast Asia region. However, potential risks include fluctuating fuel prices and intense competition within the airline industry. Investors should closely monitor the company's ability to improve its profit margins and manage operating costs effectively.
Based on FMP financials and quantitative analysis
NOKFF Key Highlights
- Market capitalization of $33.56M, reflecting the company's current valuation in the stock market.
- P/E ratio of 15.22, suggesting how much investors are willing to pay for each dollar of Nok Airlines' earnings.
- Profit margin of 0.6%, indicating the percentage of revenue that turns into profit after all expenses.
- Gross margin of 6.8%, showing the percentage of revenue remaining after deducting the cost of goods sold.
- Beta of 0.57, indicating the stock's volatility relative to the overall market.
Who Are NOKFF's Competitors?
NOKFF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ADERY Aida Engineering, Ltd. | $66.75 | +0.00% | $362.73M | 49 |
| CHFFY China Everbright Environment Group Limited | $6.55 | +1.55% | $4.02B | 46 |
| CHRRF Chorus Aviation Inc. | $17.60 | +0.00% | $404.49M | 42 |
| DURYY Dürr AG | $3.88 | -9.77% | $268.50M | 41 |
| EOHDF Emeco Holdings Limited | $0.70 | +0.00% | $360.14M | 48 |
| JOBY Joby Aviation, Inc. | $9.07 | +6.89% | $8.93B | 65 |
| JTTRY Japan Airport Terminal Co., Ltd. | $15.20 | +8.88% | $2.82B | 62 |
| GOL Gol Linhas Aéreas Inteligentes S.A. | $2.71 | +3.23% | $4.35B | 62 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NOKFF's Key Strengths?
- Strong brand recognition in Thailand.
- Extensive domestic route network.
- Cost-efficient operations.
- Strategic partnerships with tourism-related businesses.
What Are NOKFF's Weaknesses?
- Low profit margin.
- Reliance on tourism, making it vulnerable to economic downturns.
- Limited international presence compared to larger competitors.
- Exposure to fluctuating fuel prices.
What Could Drive NOKFF Stock Higher?
- Potential increase in tourism to Thailand following easing of travel restrictions.
- Expansion of domestic routes to capture growing demand for air travel within Thailand.
- Strategic partnerships with tourism-related businesses to offer bundled travel packages.
What Are the Key Risks for NOKFF?
- Financial-distress signal — its Altman Z-Score of -1.52 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-0.4%) — the business is not currently generating profit on shareholder capital.
- Fluctuations in fuel prices impacting profitability.
- Intense competition from other airlines in the region.
- Economic downturns affecting tourism and air travel demand.
- Regulatory changes and safety standards increasing operational costs.
What Are the Growth Opportunities for NOKFF?
- Expansion of Domestic Routes: Nok Airlines can capitalize on the growing demand for domestic air travel within Thailand. By adding new routes to underserved regions and increasing flight frequencies on popular routes, the company can attract more passengers. The domestic tourism market in Thailand is projected to grow by 8% annually, presenting a significant opportunity for Nok Airlines to increase its market share. Timeline: Ongoing.
- International Route Expansion: Expanding its international route network can provide Nok Airlines with access to new markets and revenue streams. Focusing on destinations within Southeast Asia and potentially expanding to other regions with high tourism potential can drive growth. The international tourism market in Southeast Asia is expected to grow by 10% annually. Timeline: 2-3 years.
- Ancillary Revenue Growth: Increasing ancillary revenue through services such as baggage fees, seat upgrades, and in-flight meals can improve profitability. By offering a wider range of ancillary services and effectively marketing them to passengers, Nok Airlines can generate additional revenue per passenger. The global ancillary revenue market for airlines is estimated at $100 billion annually. Timeline: Ongoing.
- Strategic Partnerships: Forming strategic partnerships with other airlines and tourism-related businesses can enhance Nok Airlines' market reach and service offerings. Collaborating with hotels, tour operators, and other travel providers can create bundled packages and attract more customers. Strategic alliances can increase revenue by 15-20%. Timeline: 1-2 years.
- Cargo Transportation: Expanding into cargo transportation services can diversify Nok Airlines' revenue streams and reduce its reliance on passenger traffic. By utilizing its existing fleet and infrastructure to transport cargo, the company can generate additional revenue. The air cargo market in Southeast Asia is projected to grow by 6% annually. Timeline: 2-3 years.
What Opportunities Does NOKFF Have?
- Expansion of domestic and international routes.
- Growth in ancillary revenue streams.
- Strategic alliances with other airlines and travel providers.
- Increased cargo transportation services.
What Threats Does NOKFF Face?
- Intense competition from other airlines.
- Fluctuating fuel prices.
- Economic downturns impacting tourism.
- Regulatory changes and safety standards.
What Are NOKFF's Competitive Advantages?
- Established brand recognition in the Thai aviation market.
- Extensive domestic route network providing coverage across Thailand.
- Strategic partnerships with tourism-related businesses.
- Cost-efficient operations allowing for competitive pricing.
What Does NOKFF Do?
Nok Airlines Public Company Limited was established in 2004 and is headquartered in Bangkok, Thailand. Originally incorporated as Nok Airlines Co., Ltd., the company transitioned to a public entity in January 2013, adopting its current name. Nok Airlines focuses on providing air transportation services for passengers and parcels within Thailand and to international destinations. The company's business is divided into two primary segments: domestic air services and international air services. Additionally, Nok Airlines extends its offerings to include tourism and other related services, aiming to capture a broader share of the travel market. As a key player in the Thai aviation industry, Nok Airlines competes with other airlines by focusing on providing affordable and reliable air travel options. The company's strategy involves expanding its route network and enhancing its service offerings to attract a diverse customer base, including both leisure and business travelers.
What Products and Services Does NOKFF Offer?
- Provides passenger air transport services within Thailand.
- Offers international air transport services to select destinations.
- Transports parcels and parcel posts.
- Provides tourism-related services.
- Operates a fleet of aircraft for passenger and cargo transport.
- Manages flight scheduling and operations.
- Handles passenger check-in and baggage services.
How Does NOKFF Make Money?
- Generates revenue from passenger ticket sales.
- Earns ancillary revenue from baggage fees, seat upgrades, and in-flight services.
- Derives income from cargo transportation services.
- Forms partnerships with tourism-related businesses to offer bundled packages.
What Industry Does NOKFF Operate In?
Nok Airlines operates within the highly competitive airlines industry, which is characterized by fluctuating fuel prices, intense competition, and sensitivity to economic conditions. The Southeast Asian aviation market is experiencing growth driven by increasing tourism and regional connectivity. Nok Airlines competes with both full-service and low-cost carriers. The industry is also subject to regulatory oversight and safety standards, which can impact operational costs and efficiency. The company's success depends on its ability to manage costs, optimize routes, and maintain customer satisfaction in a dynamic market environment.
Who Are NOKFF's Key Customers?
- Leisure travelers seeking affordable air travel options.
- Business travelers requiring efficient transportation within Thailand and internationally.
- Freight companies and individuals needing to transport parcels and cargo.
- Tour operators and travel agencies offering packaged travel deals.
Company Profile
Nok Airlines 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 Wutthiphum Jurangkool. NOKFF has traded publicly since 2021.
How Nok Airlines Public Company Limited Is Valued
Nok Airlines Public Company Limited carries a market capitalization of $33.56M, placing it in the micro-cap category. Relative to its peer group, NOKFF's quantitative score of 47/100 is roughly in line with the peer average of 45/100.
ROE -0%Key Financial Metrics
Return on equity for Nok Airlines Public Company Limited stands at -0.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.4%, showing how much profit it generates from its asset base. NOKFF trades at a trailing price-to-earnings ratio of 13.30, below the Industrials sector average of ~30x. A current ratio of 0.23 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 7.5%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 6/9Financial Health
Nok Airlines Public Company Limited's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -1.52 places it in the distress zone, a signal of elevated financial risk.
NOKFF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Strong brand recognition in Thailand.
- Extensive domestic route network.
- Cost-efficient operations.
- Strategic partnerships with tourism-related businesses.
Bear Case
- Low profit margin.
- Reliance on tourism, making it vulnerable to economic downturns.
- Limited international presence compared to larger competitors.
- Exposure to fluctuating fuel prices.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
NOKFF Latest News
No recent news available for NOKFF.
NOKFF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NOKFF.
Price Targets
Wall Street price target analysis for NOKFF.
NOKFF MoonshotScore
What does this score mean?
The MoonshotScore rates NOKFF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Wutthiphum Jurangkool
CEO
Wutthiphum Jurangkool serves as the CEO of Nok Airlines Public Company Limited. His background includes extensive experience in the aviation industry and business management. He has held various leadership positions within the company, contributing to its strategic direction and operational efficiency. His expertise spans across areas such as route planning, fleet management, and customer service enhancement.
Track Record: Under Wutthiphum Jurangkool's leadership, Nok Airlines has focused on expanding its domestic route network and improving its operational performance. Key achievements include enhancing customer satisfaction scores and implementing cost-saving measures to improve profitability. He has also overseen the development of new ancillary revenue streams, contributing to the company's financial stability.
NOKFF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Nok Airlines Public Company Limited may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited trading volume and may not provide regular financial disclosures, increasing the risk for investors compared to companies listed on major exchanges like the NYSE or NASDAQ. This tier typically includes companies that are distressed, undergoing restructuring, or have chosen not to comply with higher reporting standards.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure requirements increase information asymmetry.
- Lower trading volume can lead to price volatility.
- Wider bid-ask spreads can increase transaction costs.
- Potential for delisting or suspension of trading.
- Higher risk of fraud or manipulation compared to listed exchanges.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the company's management team and track record.
- Monitor trading volume and price activity.
- Consult with a financial advisor.
- Understand the risks associated with investing in OTC securities.
- Company's history of operations in Thailand.
- Publicly available information about the company's services.
- Presence of a known CEO and management team.
- Existence of a website and investor relations contact.
- Independent news coverage or press releases about the company.
Common Questions About NOKFF (Industrials)
What does Nok Airlines Public Company Limited do?
Nok Airlines Public Company Limited operates as a low-cost carrier providing air transportation services for passengers and parcels, primarily within Thailand. The company focuses on offering affordable air travel options to both leisure and business travelers. In addition to passenger transport, Nok Airlines generates revenue through ancillary services such as baggage fees and seat upgrades. The company competes with other airlines by focusing on cost-efficient operations and strategic route planning to maintain a competitive edge in the market.
What do analysts say about NOKFF stock?
Analyst coverage of NOKFF is limited due to its OTC listing and smaller market capitalization. Key valuation metrics to consider include the company's P/E ratio of 15.22 and its profit margin of 0.6%. Growth considerations involve the company's ability to expand its route network, increase ancillary revenue, and manage operating costs effectively. Investors should monitor the company's financial performance and industry trends to assess its long-term growth potential. No buy/sell recommendations are available.
What are the main risks for NOKFF?
Nok Airlines faces several key risks, including fluctuating fuel prices, intense competition from other airlines, and economic downturns impacting tourism and air travel demand. The company's low profit margin of 0.6% makes it particularly vulnerable to cost pressures and revenue fluctuations. Regulatory changes and safety standards can also increase operational costs. Additionally, its OTC listing exposes it to risks associated with lower liquidity and limited financial disclosure requirements, increasing investment risk compared to exchange-listed companies.
What are the key factors to evaluate for NOKFF?
Nok Airlines Public Company Limited (NOKFF) holds an AI score of 47/100 (low). Not financial advice.
How frequently does NOKFF data refresh on this page?
NOKFF 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 NOKFF's recent stock price performance?
Nok Airlines Public Company Limited (NOKFF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand recognition in Thailand. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NOKFF overvalued or undervalued right now?
Valuing Nok Airlines Public Company Limited (NOKFF) 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 NOKFF?
Before investing in Nok Airlines Public Company Limited (NOKFF), 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).
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.
- Limited analyst coverage on NOKFF may affect the accuracy of financial analysis.
- OTC market listing implies higher risk compared to exchange-listed stocks.