Valuation Advanced Info Service

Equities

End-of-day quote Thailand S.E. Other stock markets 18/02/2026			5-day change	1st Jan Change
389.00 ^THB	-0.51%		+1.04%	+24.28%

02-11	SingTel's third-quarter profit rises on higher contribution from Airtel, Advanced Info	RE
02-09	KGI Securities Downgrades Advanced Info Service to Neutral from Outperform; Price Target is THB388	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	684,003	579,971	645,404	853,598	930,928	1,156,968	-	-
Change	-	-15.21%	11.28%	32.26%	9.06%	24.28%	-	-
Enterprise Value (EV) ¹	810,227	699,374	873,043	1,044,621	930,928	1,350,862	1,334,011	1,346,991
Change	-	-13.68%	24.83%	19.65%	-10.88%	45.11%	-1.25%	0.97%
P/E ratio	25.4x	22.3x	22.2x	24.3x	19.4x	22.5x	21.5x	20.5x
PBR	8.37x	6.77x	7.12x	8.78x	-	21.1x	15.3x	18x
PEG	-	-6.73x	1.9x	1.2x	0.5x	3.08x	4.6x	4.1x
Capitalization / Revenue	3.77x	3.13x	3.42x	4x	4.36x	4.94x	4.83x	4.72x
EV / Revenue	4.47x	3.77x	4.62x	4.89x	4.36x	5.77x	5.57x	5.49x
EV / EBITDA	8.86x	7.78x	9.33x	9.36x	7.66x	10.6x	10.1x	9.97x
EV / EBIT	21.3x	18.9x	21.5x	20.7x	14.6x	19.2x	18.1x	17.4x
EV / FCF	13.3x	14.2x	17.3x	11.4x	-	20.7x	18.6x	17.8x
FCF Yield	7.51%	7.02%	5.79%	8.75%	-	4.82%	5.37%	5.62%
Dividend per Share ²	7.69	7.69	8.61	10.61	-	16.2	17.18	17.92
Rate of return	3.34%	3.94%	3.97%	3.7%	-	4.17%	4.42%	4.61%
EPS ²	9.05	8.75	9.78	11.79	16.1	17.28	18.09	18.99
Distribution rate	85%	87.9%	88%	90%	-	93.8%	95%	94.4%
Net sales ¹	181,333	185,485	188,873	213,569	213,569	234,087	239,454	245,210
EBITDA ¹	91,408	89,862	93,527	111,612	121,490	127,643	131,523	135,169
EBIT ¹	38,034	36,960	40,646	50,384	63,736	70,306	73,598	77,481
Net income ¹	26,922	26,011	29,086	35,075	47,886	51,449	53,872	56,797
Net Debt ¹	126,224	119,403	227,640	191,023	-	193,895	177,043	190,023
Reference price ²	230.00	195.00	217.00	287.00	313.00	389.00	389.00	389.00
Nbr of stocks (in thousands)	2,973,926	2,974,210	2,974,210	2,974,210	2,974,210	2,974,210	-	-
Announcement Date	07/02/22	09/02/23	06/02/24	07/02/25	03/02/26	-	-	-

¹THB in Million²THB

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ADVANCED INFO SERVICE	22.63x	5.8x	10.63x	4.14%	37.13B
T-MOBILE US, INC.	20.6x	3.44x	8.71x	1.88%	242B
AT&T INC.	12.5x	2.66x	7.13x	3.87%	201B
SOFTBANK GROUP CORP.	9.14x	5.13x	27.45x	0.25%	165B
KDDI CORPORATION	13.78x	2.23x	7.25x	3.02%	66.17B
VODAFONE GROUP PLC	16.34x	1.38x	4.87x	3.63%	36.36B
CHINA UNICOM (HONG KONG) LIMITED	9.05x	0.39x	1.54x	7.08%	28.62B
TELENOR ASA	21.04x	4.09x	9.09x	5.48%	25.17B
VODACOM GROUP LIMITED	15.08x	2.12x	5.65x	4.65%	18.95B
TRUE CORPORATION	49.86x	4.56x	8.56x	1.79%	15.44B
Average	19.00x	3.18x	9.09x	3.58%	83.57B
Weighted average by Cap.	15.79x	3.41x	11.53x	2.65%