Airports of Thailand Public Company Limited (AIPUF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 45.78 means the share price is 45.78 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $22.6B is the value of all shares combined.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gpt-4o-mini, generated Jun 15, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerAirports of Thailand Public Company Limited (AIPUF) trades at $1.58. Airports of Thailand Public Company Limited (AIPUF) is a leading airport operator in Thailand, managing six international airports. Market cap: $22.6B, Sector: Industrials.
Price as of Sep 11, 2026 · Last analyzed: Jun 15, 2026Analyst Coverage for AIPUF: AIPUF 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 AIPUF against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 12 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
AIPUF: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Airports of Thailand Public Company Limited (AIPUF) Industrial Operations Profile
Airports of Thailand Public Company Limited is a premier airport management company operating six international airports in Thailand, providing diverse services including ground aviation, hotel operations, and security, positioning itself as a key player in the Southeast Asian aviation sector.
What Is the Investment Thesis for AIPUF?
With a market capitalization of $22.6B and a profit margin of 27.1%, AIPUF demonstrates strong financial health. The company's ongoing expansion and modernization of airport facilities are expected to enhance passenger capacity and operational efficiency, driving growth in the coming years. Additionally, the increasing demand for air travel in Southeast Asia presents significant growth opportunities. AIPUF's strategic initiatives in hotel and ground services further diversify its revenue base, positioning it well to capitalize on the recovery of the tourism sector post-pandemic. However, potential risks include fluctuations in travel demand and regulatory challenges within the aviation industry.
Based on FMP financials and quantitative analysis
AIPUF Key Highlights
Market capitalization of $22.6B, reflecting strong investor confidence.
- P/E ratio of 45.78, indicating robust earnings potential relative to its stock price.
- Profit margin of 27.1%, showcasing efficient cost management and profitability.
- Gross margin of 54.4%, exceeding industry averages and indicating strong operational efficiency.
- Dividend yield of 1.37%, providing a steady income stream for investors.
Who Are AIPUF's Competitors?
AIPUF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| CPCAF Cathay Pacific Airways Limited | $1.75 | 0.00% | $10.6B | — |
| SCTBY Securitas AB (publ) | $15.86 | +1.50% | $9.08B | — |
| FLGZY Flughafen Zürich AG | $10.00 | -6.54% | $7.67B | — |
| ALNPY ANA Holdings Inc. | $3.87 | -5.04% | $9.20B | — |
| FPRUF Fraport AG | $84.91 | 0.00% | $7.85B | — |
| ICAGY International Consolidated Airlines Group S.A. | $11.13 | -0.85% | $24.5B | 429-signal |
| LUV Southwest Airlines Co. | $38.69 | +0.01% | $18.9B | 745-pillar |
| RYAAY Ryanair Holdings plc | $53.00 | -2.30% | $27.5B | 785-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are AIPUF's Key Strengths?
Strong market position with a diversified portfolio of airport services.
- High profit margins indicating effective cost management.
- Established brand recognition in the aviation industry.
- Strategic location of airports catering to international travelers.
What Are AIPUF's Weaknesses?
High dependency on tourism, making revenue susceptible to global travel trends.
- Significant capital expenditure required for airport expansions and upgrades.
- Limited geographic diversification outside of Thailand.
- Vulnerability to regulatory changes in the aviation sector.
What Could Drive AIPUF Stock Higher?
Expansion of airport facilities to accommodate increasing passenger traffic.
- Implementation of modernization projects to enhance operational efficiency.
- Strategic partnerships with airlines to boost service offerings.
- Growth in the hospitality segment as tourism rebounds.
- Investment in sustainability initiatives to attract eco-conscious travelers.
What Are the Key Risks for AIPUF?
Rich valuation — a P/E of 45.78 runs well above the Industrials sector’s ~28.00x, leaving little room for a miss.
- Economic downturns affecting global travel and tourism.
- Intense competition from other airport operators and airlines.
- Regulatory changes impacting operational costs and practices.
- Vulnerability to security threats affecting passenger confidence.
What Are the Growth Opportunities for AIPUF?
- Expansion of Airport Facilities: AIPUF plans to invest in upgrading and expanding its airport facilities to accommodate increasing passenger traffic. The Southeast Asian aviation market is expected to grow at a CAGR of 6.5% over the next five years, providing AIPUF with a significant opportunity to enhance its capacity and service offerings.
- Diversification into Hospitality: The company's involvement in the hotel and restaurant business allows it to capitalize on the growing tourism sector. With Thailand's tourism expected to reach 40 million visitors by 2027, AIPUF can leverage its airport locations to attract more customers to its hospitality services.
- Ground Aviation Services Growth: AIPUF's ground aviation services segment is positioned to benefit from the increasing number of airlines operating in Thailand. As air traffic continues to rise, the demand for ground services is projected to grow, providing AIPUF with additional revenue streams.
- Security Services Expansion: With heightened security concerns globally, AIPUF's security business segment is set to expand. The global airport security market is projected to grow at a CAGR of 7.2% through 2028, offering AIPUF a chance to enhance its service offerings and revenue.
- Sustainability Initiatives: AIPUF is focusing on sustainability by investing in green technologies and practices at its airports. As environmental concerns grow among travelers, the company's commitment to sustainability could attract more eco-conscious customers and enhance its brand reputation.
What Are AIPUF's Competitive Advantages?
- Strategic location of airports serving as major international gateways.
- Established relationships with airlines and travel agencies.
- Diverse revenue streams across multiple business segments.
- Strong brand reputation for quality service and operational excellence.
What Does AIPUF Do?
Founded in 1903, Airports of Thailand Public Company Limited (AIPUF) has evolved into a significant player in the aviation industry, managing six major international airports across Thailand, including Suvarnabhumi and Don Mueang. The company operates through various segments, including Airport Management Business, Hotel Business, Ground Aviation Services, Security Business, and Project on Perishable Goods. AIPUF's strategic focus on enhancing airport facilities and services has positioned it as a leader in the region, catering to millions of passengers annually. The company not only manages airports but also engages in hotel and restaurant operations, providing a comprehensive travel experience. Its commitment to quality service and operational excellence has fostered strong relationships with airlines and passengers alike, ensuring a steady flow of traffic and revenue. AIPUF's headquarters in Bangkok serves as a hub for its operations, reflecting its central role in Thailand's transportation infrastructure.
What Products and Services Does AIPUF Offer?
- Manage and operate six international airports across Thailand.
- Provide ground aviation services including equipment rental and maintenance.
- Offer hotel and restaurant services to travelers at airport locations.
- Deliver security services to ensure passenger safety and compliance.
- Engage in projects related to the handling of perishable goods at airports.
How Does AIPUF Make Money?
- Revenue is generated through airport management fees and passenger service charges.
- Income from hotel and restaurant operations at airport locations.
- Ground services revenue from airlines and other aviation businesses.
- Security service contracts with airlines and airport authorities.
- Project revenues from specialized services like handling perishable goods.
What Industry Does AIPUF Operate In?
The airline and airport services industry is poised for recovery as global travel demand rebounds post-pandemic. Airports of Thailand Public Company Limited operates in a competitive landscape with key players such as Cathay Pacific Airways Limited (CPCAF), Securitas AB (SCTBY), Flughafen Zürich AG (FLGZY), ANA Holdings Inc. (ALNPY), and Fraport AG (FPRUF). The industry is experiencing a shift towards enhanced passenger experience and operational efficiency, with airports investing in technology and infrastructure to accommodate increasing passenger volumes. The overall market is projected to grow significantly, driven by rising tourism and business travel in Southeast Asia, positioning AIPUF favorably within this expanding market.
Who Are AIPUF's Key Customers?
- Airlines operating at AIPUF-managed airports.
- Travelers and tourists using airport facilities.
- Businesses requiring ground aviation services.
- Hotel guests and restaurant patrons at airport locations.
- Government and regulatory bodies for security services.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 52 |
| 2026-08-26 | 52 |
| 2026-08-29 | 52 |
| 2026-09-01 | 52 |
| 2026-09-04 | 52 |
| 2026-09-07 | 52 |
| 2026-09-10 | 52 |
What changed?
The score has stayed at 52.
Over the same 18 days the stock moved +0.0%.
Airports of Thailand Public Company Limited (AIPUF) Valuation Context
Valued at $22.6B, AIPUF is classified as a large-cap stock.
AIPUF Revenue & Earnings Trend
In Jun 2026, AIPUF generated $14.88B in top-line revenue, marking a sequential decrease of 19.4%. The company recorded net income of $4.43B, with diluted EPS of $0.31. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Industrials. Across the four most recent quarters, AIPUF averaged $0.33 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. AIPUF has traded publicly since 2010.
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. AIPUF trades at a trailing price-to-earnings ratio of 45.78, above the Industrials sector average of ~28.00x. Its free cash flow yield is 3.2%, 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 2.2%, the inverse of the P/E and a quick read on earnings relative to price.
Financial 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 7.90 places it in the safe zone, indicating low near-term bankruptcy risk.
Forward Outlook
Wall Street analysts project Airports of Thailand Public Company Limited revenue of about $69.32B for fiscal 2026, with EPS near $0.00. The estimate reflects 21 contributing analysts.
AIPUF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong market position with a diversified portfolio of airport services.
- High profit margins indicating effective cost management.
- Established brand recognition in the aviation industry.
- Strategic location of airports catering to international travelers.
Bear Case
- High dependency on tourism, making revenue susceptible to global travel trends.
- Significant capital expenditure required for airport expansions and upgrades.
- Limited geographic diversification outside of Thailand.
- Vulnerability to regulatory changes in the aviation sector.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · June 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Jun 2026 | THB 14.88B | THB 4.43B | THB 0.31 |
| Mar 2026 | THB 18.46B | THB 5.72B | THB 0.40 |
| Dec 2025 | THB 16.85B | THB 4.65B | THB 0.33 |
| Sep 2025 | THB 15.77B | THB 3.86B | THB 0.27 |
Based on FMP financials and quantitative analysis · Reported in THB
AIPUF Latest News
No recent news available for AIPUF.
AIPUF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for AIPUF.
Price Targets
Wall Street price target analysis for AIPUF.
AIPUF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for AIPUF; grades run from A+ (80-100) to F (below 30).
Leadership: Paweena Jariyathitipong
CEO
Paweena Jariyathitipong has extensive experience in the aviation and transportation sectors. She holds a degree in Business Administration and has held various leadership roles within Airports of Thailand Public Company Limited, contributing to the company's strategic growth and operational improvements. Her expertise in airport management and service delivery has been instrumental in enhancing AIPUF's market position.
Track Record: Under her leadership, AIPUF has successfully implemented modernization projects across its airports, improving passenger experiences and operational efficiency. She has also played a key role in expanding the company's service offerings, particularly in the hospitality sector.
AIPUF OTC Market Information
The OTC Other tier includes companies that trade on the over-the-counter market but do not meet the requirements for higher tiers such as OTCQX or OTCQB. These companies may have less stringent reporting requirements, leading to varying levels of transparency.
- OTC Tier: OTC Other
- Lower visibility and transparency compared to stocks on major exchanges.
- Potential for higher volatility due to lower trading volumes.
- Limited analyst coverage may result in less market information.
- Regulatory risks associated with operating in the OTC market.
- Review the company's financial statements and reports.
- Assess the competitive landscape and market position.
- Evaluate management's track record and strategic vision.
- Investigate potential regulatory challenges in the aviation sector.
- Monitor industry trends and economic indicators affecting travel demand.
- Established history and reputation in the aviation industry since 1903.
- Publicly available financial reports indicating transparency.
- Strong operational performance metrics such as profit margins and revenue growth.
Airports of Thailand Public Company Limited Industrials Stock: Key Questions Answered
Is AIPUF a good stock?
Stock Expert AI does not rate AIPUF buy, sell or hold. Airports of Thailand Public Company Limited has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What are the key financial metrics investors watch for AIPUF?
Key financial metrics for Airports of Thailand Public Company Limited include its market capitalization of $22.6B, a P/E ratio of 45.78, and a profit margin of 27.1%.
What are the key factors to evaluate for AIPUF?
Evaluate AIPUF on fundamentals, analyst consensus, and risk factors. P/E: 45.78x vs the S&P 500's ~20-25x. With a market capitalization of $22.6B and a profit margin of 27.1%, AIPUF demonstrates strong financial health. Not financial advice.
How frequently does AIPUF data refresh on this page?
AIPUF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven AIPUF's recent stock price performance?
Airports of Thailand Public Company Limited (AIPUF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position with a diversified portfolio of airport services. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider AIPUF overvalued or undervalued right now?
Airports of Thailand Public Company Limited (AIPUF) trades at 45.78x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of AIPUF?
Yes, most major brokerages offer fractional shares of Airports of Thailand Public Company Limited (AIPUF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track AIPUF's earnings and financial reports?
Airports of Thailand Public Company Limited (AIPUF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for AIPUF earnings announcements.
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.
- No specific limitations or uncertainties noted.