- AOT’s net income for the fiscal year 2024 was 19.18 billion baht, missing the estimate of 19.55 billion baht but significantly higher than last year’s 8.79 billion baht.
- Total revenue reached 67.83 billion baht, with aeronautical revenue at 31.00 billion baht, slightly below the estimate of 31.47 billion baht.
- Landing and parking charges revenue surged by 50% year-over-year to 5.63 billion baht, though it fell short of the 5.97 billion baht estimate.
- Departure passenger service charges revenue increased by 38% year-over-year to 24.61 billion baht, surpassing the estimated 24.32 billion baht.
- Aircraft service charges rose by 19% year-over-year to 764.2 million baht, slightly missing the estimated 775.3 million baht.
- Non-aeronautical revenue exceeded expectations at 36.12 billion baht, against an estimate of 35.75 billion baht.
- Basic earnings per share (EPS) came in at 1.34 baht, just shy of the 1.37 baht estimate.
- Total expenses increased by 18% year-over-year to 40.52 billion baht.
- Revenue from office and state properties grew by 30% year-over-year to 3.10 billion baht.
- Concessions revenue rose by 55% year-over-year to 23.12 billion baht.
- Service revenue increased by 15% year-over-year to 9.90 billion baht.
- The total number of passengers was 119.29 million, slightly below the estimate of 122.26 million.
- AOT’s air traffic volume was 732,688 flights for fiscal year 2024, up by 14.5% year-over-year.
- Aeronautical revenue rose by 39.2% year-over-year, driven by an increase in flights and passengers.
- Non-aeronautical revenue grew by 39.6% year-over-year, mainly from concession and service revenues.
- The company plans to expand the capacity of its six airports to accommodate more passengers in the future.
- The expansion of Suvarnabhumi Airport’s eastern passenger terminal is set to complete in 2027, adding capacity for 15 million more passengers annually.
- Don Mueang International Airport will receive a new international terminal and a renovated passenger terminal 1, increasing its capacity from 30 million to 50 million passengers per year by 2030.
- The company’s board has set a fiscal year 2024 dividend at 0.79 baht per share.
- Summary of analyst ratings: 20 buys, 7 holds, and 2 sells.
A look at Airports of Thailand Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Airports of Thailand shows a promising long-term outlook. With a high Growth and Momentum score of 5 each, the company is poised for a strong future. The Growth score reflects the potential for expansion and development, while the Momentum score indicates positive market trends and investor sentiment driving the company forward. Additionally, the company exhibits a decent Resilience score of 3, suggesting a solid ability to weather market volatility. Although the Value and Dividend scores are not as high, the strong Growth and Momentum scores indicate a favorable overall outlook for Airports of Thailand.
Airports of Thailand Public Company Ltd., known for operating major airports in Thailand including Suvarnabhumi and Don Muang, and several provincial airports, is positioned for growth and sustainability in the aviation industry. The company’s operations at key airports in Thailand underscore its strategic importance in the country’s travel infrastructure. With a solid mix of growth potential, market momentum, and resilience, Airports of Thailand is well-equipped to navigate the challenges and capitalize on opportunities in the evolving aviation sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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