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BAFS.BK SET (Bangkok) Airport Operators & Services

Bangkok Aviation Fuel Services PCL

$8,45
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THB
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Mcap
5,4B THB
P/E
EV / Rev
Div yield
3,88 %
Op margin
23,9 %
ROE
4,0 %
Net margin
5,9 %
Debt / equity
2,41
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Bangkok Aviation Fuel Services PCL provides aviation fuel services and operates in the airport operators and services industry, generating revenue primarily through fuel supply and related services at airports.

Business. Bangkok Aviation Fuel Services PCL (BAFS.BK) is a Thai company operating in the Airport Operators & Services industry within the Transportation sector. The firm is headquartered in Thailand and is primarily listed on the Stock Exchange of Thailand (SET). Specific details regarding its operating segments and geographic revenue mix are not available.

Classification92 %
SectorIndustrials
Business sectorTransportation
IndustryAirport Operators & Services
ActivityTransportation
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
4,0 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning BAFS.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to BAFS.BK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Bangkok Aviation Fuel Services PCL (BAFS.BK) is a Thai company operating in the Airport Operators & Services industry within the Transportation sector. The firm is headquartered in Thailand and is primarily listed on the Stock Exchange of Thailand (SET). Specific details regarding its operating segments and geographic revenue mix are not available.

    Classification92 %
    SectorIndustrials
    Business sectorTransportation
    IndustryAirport Operators & Services
    ActivityTransportation
    AI synthesis
    GENERATED

    The company maintains a market price of 8.45 THB per share, with a market capitalization of 5,386,842,492.85 THB. Its price-to-earnings ratio is 25.42, and its price-to-book ratio is 1.01, indicating a valuation that is in line with book value. The company's debt-to-equity ratio is 2.41, suggesting a relatively high level of leverage. The current ratio of 0.71 indicates that the company's current liabilities exceed its current assets, which may pose liquidity challenges.

    In terms of profitability, the company's return on equity is 3.98%, and its return on assets is 0.97%, both of which are below the industry median for the Transportation sector. The operating margin is 23.87% (calculated as operating income of 864,551,360 THB divided by revenue of 3,620,341,530 THB), which is relatively strong but must be weighed against the company's high debt load.

    The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of diversification may increase exposure to regional economic or regulatory risks.

    The company's revenue for the latest period was 3,620,341,530 THB, and while no specific growth trajectory is provided, the company's operating cash flow of 1,637,590,560 THB suggests a capacity to fund operations and potentially reinvest in the business. However, the free cash flow of 87,112,520 THB is relatively modest, which may limit the company's ability to expand or pay dividends.

    The company's risk profile includes a medium liquidity risk, as indicated by the risk assessment, and a low dilution risk. The risk assessment also notes that net cash is negative after subtracting total debt, which could impact the company's ability to meet short-term obligations.

    No recent events, such as filings or transcripts, are provided in the available data to inform the company's current strategic direction or operational performance.

    Key takeaways
    • The company has a high debt-to-equity ratio of 2.41, indicating a significant reliance on debt financing.
    • The company's return on equity is 3.98%, which is below the industry median for the Transportation sector.
    • The company's operating margin is 23.87%, suggesting strong operational efficiency despite high leverage.
    • The company's liquidity position is weak, with a current ratio of 0.71.
    • The company's revenue is concentrated in a single business segment, increasing exposure to sector-specific risks.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $8,45
    Market cap
    $5.39B
    Enterprise value
    $17.80B
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    10.9x
    P / B
    1.0x
    P / Tangible book
    1.0x
    Tangible book
    $5.33B
    Net cash
    -$12.41B
    Current ratio
    0.7
    Debt / equity
    2.4
    ROA
    1.0%
    ROE
    4.0%
    Cash conversion
    773.0%
    CapEx / revenue
    -21.0%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin23,9 %Above median
    Net Margin5,9 %Below median
    ROE4,0 %Below median
    Capex / Rev-21,0 %Bottom quartile
    D/E2,41Bottom quartile
    Cash Conv7,73Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • Bangkok Aviation Fuel Services PCL Market data — financials · 2026-05-27
    • Bangkok Aviation Fuel Services PCL Market data — analyst estimates · 2026-05-27

    Ownership & reference

    Leadership

    • Suphadit DisakunExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    BAFS.BKCanonical
    SET (Bangkok) · THB

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage