Valuation: Thailand Future Fund

Market Cap 30.62B 913M 801M 740M 683M 1.3B 87.45B 1.32B 8.89B 3.45B 42.8B 3.43B 3.35B 149B P/E 2025 *
15.8x
P/E 2026 * 16.1x
Enterprise Value 30.08B 897M 787M 727M 671M 1.27B 85.92B 1.3B 8.74B 3.39B 42.05B 3.37B 3.3B 146B EV / Sales 2025 *
13.1x
EV / Sales 2026 * 13.1x
Free-Float
82.73%
Yield 2025 *
7.07%
Yield 2026 * 7.1%
05-15 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2026 to March 31, 2026, Payable on June 16, 2026 CI
03-12 Thailand Future Fund Announces Advisory Committee Changes, Effective March 12, 2026 CI
02-27 DBS Bank Downgrades Thailand Future Fund to Hold from Buy; Price Target is THB7 MT
02-17 Thailand Future Fund Approves 29th Dividend from October 1, 2025 to December 31, 2025, Payable on March 18, 2026 CI
02-02 Thailand Future Fund Announces Changes in Investment Advisory Committee Membership, Effective February 2, 2026 CI
11-27 Thailand Future Fund Approves 28Th Dividend from July 1, 2025 to September 30, 2025, Payable on December 25, 2025 CI
18/08/25 Thailand Future Fund Approves Dividend for the Period from April 1, 2025 to June 30, 2025, Payable September 15, 2025 CI
16/05/25 Thailand Future Fund Announces Dividend for the Operating Period from January 1, 2025 to March 31, 2025, Payable on June 16, 2025 CI
17/02/25 Thailand Future Fund Declares Dividend for Period During October 1, 2024 to December 31, 2024, Payable on March 17, 2025 CI
07/02/25 Thailand Future Fund Announces Investment Advisory Committee Member Changes CI
03/10/24 Investment: 5 markets that could benefit from the Chinese awakening Zonebourse
16/08/24 Thailand Future Fund Approves Dividend for the Period from April 1, 2024 to June 30, 2024, Payable September 13, 2024 CI
16/05/24 Thailand Future Fund Approves Dividend for the Period from January 1, 2024 to March 31, 2024, Payable June 14, 2024 CI
1 day-0.74%
1 week-1.47%
1 month+1.52%
3 months+1.52%
6 months+5.51%
Current year+7.20%
1 week 6.7
Extreme 6.7
6.85
1 month 6.55
Extreme 6.55
6.85
Current year 6.2
Extreme 6.2
6.95
1 year 5.7
Extreme 5.7
6.95
3 years 5.25
Extreme 5.25
7.65
5 years 5.25
Extreme 5.25
8.5
10 years 5.25
Extreme 5.25
13.4
Change 5-day change 1-year change 3-year change Capi.($)
-0.74%-1.47%+16.52%-11.84% 913M
+0.38%-0.16%+14.71%+18.35% 11.38B
+2.25%+8.81%+1.70%+70.44% 3.98B
+0.28%+1.12% - - 682M
0.00%+2.33%-43.59%-70.86% 139M
-0.40%+4.47%+35.26%+107.20% 93.18M
-0.38%-1.50%+31.50% - 55.07M
Average +0.20%+2.49%+9.35%+22.66% 2.46B
Weighted average by Cap. +0.74%+2.52%+11.37%+29.00%

Financials

2025 *2026 *
Net sales 2.29B 68.32M 59.92M 55.32M 51.12M 96.9M 6.54B 98.84M 665M 258M 3.2B 257M 251M 11.11B 2.29B 68.38M 59.98M 55.37M 51.17M 96.99M 6.55B 98.93M 666M 259M 3.2B 257M 251M 11.12B
Net income 2.17B 64.76M 56.8M 52.44M 48.46M 91.86M 6.2B 93.69M 630M 245M 3.03B 243M 238M 10.53B 1.9B 56.52M 49.58M 45.77M 42.3M 80.17M 5.41B 81.77M 550M 214M 2.65B 212M 208M 9.19B
Net Debt -535M -15.96M -14M -12.93M -11.94M -22.64M -1.53B -23.09M -155M -60.38M -748M -59.95M -58.63M -2.6B -550M -16.42M -14.4M -13.3M -12.29M -23.29M -1.57B -23.76M -160M -62.11M -769M -61.66M -60.31M -2.67B
Logo Thailand Future Fund
Thailand Future Fund (the Fund) is a Thailand-based closed-end non-redeemable mutual fund. The Fund's objective is to utilize the proceeds from the offering of investment units by investing in infrastructure businesses that have the potential to generate returns and create income for the Fund. Additionally, it aims to achieve continuous growth in investment returns to enable the Fund to distribute returns to unitholders. Investments may also include other securities and/or the utilization of benefits from other means, as prescribed by securities laws and/or other relevant regulations. The Company’s projects include the Chalongrat Expressway Project (Ram Intra-Achanong) and the Buraphawithi Expressway Project (Bangna-Chonburi). The Fund is jointly managed by Krungthai Asset Management Public Company Limited (KTAM) and MFC Asset Management Public Company Limited (MFC) (collectively known as the Management Companies). Kasikornbank Public Company Limited serves as the Fund’s supervisor.
Employees
-
Date Price Change Volume
09/07/26 THB 6.700 0.00% 2,532,948
08/07/26 THB 6.700 -0.74% 1,226,332
07/07/26 THB 6.750 0.00% 3,013,673
06/07/26 THB 6.750 -0.74% 6,570,685
03/07/26 THB 6.800 0.00% 2,515,039
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
6.700THB
Average target price
7.250THB
Spread / Average Target
+8.21%

Annual profits - Rate of surprise

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