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Bangkok Aviation Fuel Services

SET:BAFS-R
Snowflake Description

Second-rate dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BAFS-R
SET
฿12B
Market Cap
  1. Home
  2. TH
  3. Transportation
Company description

Bangkok Aviation Fuel Services Public Company Limited provides aviation depot and aircraft refueling services at Bangkok International Airport in Thailand. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Bangkok Aviation Fuel Services has significant price volatility in the past 3 months.
BAFS-R Share Price and Events
7 Day Returns
1.6%
SET:BAFS-R
-0.7%
TH Infrastructure
3%
TH Market
1 Year Returns
-47%
SET:BAFS-R
-26.1%
TH Infrastructure
-30.9%
TH Market
BAFS-R Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bangkok Aviation Fuel Services (BAFS-R) 1.6% -23.6% -36.3% -47% -51.2% -27.7%
TH Infrastructure -0.7% -21% -30.8% -26.1% 18.1% -33.8%
TH Market 3% -16.9% -27.4% -30.9% -31.3% -31.9%
1 Year Return vs Industry and Market
  • BAFS-R underperformed the Infrastructure industry which returned -26.1% over the past year.
  • BAFS-R underperformed the Market in Thailand which returned -30.9% over the past year.
Price Volatility
BAFS-R
Industry
5yr Volatility vs Market

BAFS-R Value

 Is Bangkok Aviation Fuel Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bangkok Aviation Fuel Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bangkok Aviation Fuel Services.

SET:BAFS-R Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in THB ฿ 1.250000
Payout Ratio Company Filings (2019-12-31) 7874.8%
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year TH Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SET:BAFS-R
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TH Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 7.5%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.668 (1 + (1- 20%) (64.58%))
1.397
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.67% + (1.397 * 7.46%)
12.09%

Discounted Cash Flow Calculation for SET:BAFS-R using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Bangkok Aviation Fuel Services is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

SET:BAFS-R Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ฿1.25 / (12.09% - 1.67%)
฿12
SET:BAFS-R Discount to Share Price
Calculation Result
Value per share (THB) From above. ฿12.00
Current discount Discount to share price of ฿18.80
= -1 x (฿18.80 - ฿12.00) / ฿12.00
-56.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bangkok Aviation Fuel Services is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bangkok Aviation Fuel Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bangkok Aviation Fuel Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SET:BAFS-R PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿1.47
SET:BAFS Share Price ** SET (2020-04-03) in THB ฿18.8
Thailand Infrastructure Industry PE Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 12.75x
Thailand Market PE Ratio Median Figure of 581 Publicly-Listed Companies 11.42x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bangkok Aviation Fuel Services.

SET:BAFS-R PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:BAFS Share Price ÷ EPS (both in THB)

= 18.8 ÷ 1.47

12.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bangkok Aviation Fuel Services is good value based on earnings compared to the TH Infrastructure industry average.
  • Bangkok Aviation Fuel Services is overvalued based on earnings compared to the Thailand market.
Price based on expected Growth
Does Bangkok Aviation Fuel Services's expected growth come at a high price?
Raw Data
SET:BAFS-R PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Infrastructure Industry PEG Ratio Median Figure of 49 Publicly-Listed Infrastructure Companies 1.05x
Thailand Market PEG Ratio Median Figure of 181 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bangkok Aviation Fuel Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bangkok Aviation Fuel Services's assets?
Raw Data
SET:BAFS-R PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿10.22
SET:BAFS Share Price * SET (2020-04-03) in THB ฿18.8
Thailand Infrastructure Industry PB Ratio Median Figure of 6 Publicly-Listed Infrastructure Companies 1.36x
Thailand Market PB Ratio Median Figure of 759 Publicly-Listed Companies 0.78x
SET:BAFS-R PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:BAFS Share Price ÷ Book Value per Share (both in THB)

= 18.8 ÷ 10.22

1.84x

* Primary Listing of Bangkok Aviation Fuel Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bangkok Aviation Fuel Services is overvalued based on assets compared to the TH Infrastructure industry average.
X
Value checks
We assess Bangkok Aviation Fuel Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Bangkok Aviation Fuel Services has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BAFS-R Future Performance

 How is Bangkok Aviation Fuel Services expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bangkok Aviation Fuel Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.5%
Expected Infrastructure industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bangkok Aviation Fuel Services expected to grow at an attractive rate?
  • Unable to compare Bangkok Aviation Fuel Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bangkok Aviation Fuel Services's earnings growth to the Thailand market average as no estimate data is available.
  • Unable to compare Bangkok Aviation Fuel Services's revenue growth to the Thailand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SET:BAFS-R Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Asia Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 8.9%
Thailand Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Thailand Market Revenue Growth Rate Market Cap Weighted Average 6.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SET:BAFS-R Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SET:BAFS-R Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SET:BAFS-R Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 3,956 1,488 940
2019-09-30 3,900 1,314 961
2019-06-30 3,884 1,736 1,010
2019-03-31 3,860 1,870 1,076
2018-12-31 3,807 1,838 1,051
2018-09-30 3,768 1,993 1,032
2018-06-30 3,714 1,545 999
2018-03-31 3,668 1,794 988
2017-12-31 3,640 1,732 971
2017-09-30 3,630 1,711 1,027
2017-06-30 3,617 1,618 1,049
2017-03-31 3,596 1,556 1,056

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bangkok Aviation Fuel Services is high growth as no earnings estimate data is available.
  • Unable to determine if Bangkok Aviation Fuel Services is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SET:BAFS-R Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bangkok Aviation Fuel Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:BAFS-R Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SET:BAFS-R Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 1.47
2019-09-30 1.51
2019-06-30 1.58
2019-03-31 1.69
2018-12-31 1.65
2018-09-30 1.62
2018-06-30 1.57
2018-03-31 1.55
2017-12-31 1.52
2017-09-30 1.61
2017-06-30 1.64
2017-03-31 1.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bangkok Aviation Fuel Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of BAFS-R’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Bangkok Aviation Fuel Services's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Transportation companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bangkok Aviation Fuel Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bangkok Aviation Fuel Services has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BAFS-R Past Performance

  How has Bangkok Aviation Fuel Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bangkok Aviation Fuel Services's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bangkok Aviation Fuel Services's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Bangkok Aviation Fuel Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bangkok Aviation Fuel Services's 1-year earnings growth is negative, it can't be compared to the TH Infrastructure industry average.
Earnings and Revenue History
Bangkok Aviation Fuel Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bangkok Aviation Fuel Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SET:BAFS-R Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,956.17 939.92 701.39
2019-09-30 3,900.36 960.77 691.14
2019-06-30 3,883.73 1,009.69 671.43
2019-03-31 3,860.30 1,075.86 628.89
2018-12-31 3,806.60 1,050.59 611.78
2018-09-30 3,767.89 1,031.53 607.53
2018-06-30 3,713.52 998.75 606.03
2018-03-31 3,668.17 987.64 579.10
2017-12-31 3,640.21 970.59 583.76
2017-09-30 3,630.21 1,026.61 567.24
2017-06-30 3,617.13 1,049.41 566.61
2017-03-31 3,596.21 1,055.74 582.49
2016-12-31 3,564.69 1,097.12 578.55
2016-09-30 3,536.98 1,046.93 602.33
2016-06-30 3,479.77 1,020.66 590.58
2016-03-31 3,429.35 1,017.06 579.22
2015-12-31 3,359.64 957.69 564.90
2015-09-30 3,277.29 944.02 524.63
2015-06-30 3,162.55 858.63 528.10
2015-03-31 3,072.37 797.69 528.70
2014-12-31 3,024.84 757.75 547.26
2014-09-30 3,105.27 816.80 554.63
2014-06-30 3,253.61 1,038.47 549.89
2014-03-31 3,170.58 1,045.30 526.88
2013-12-31 3,057.56 1,053.27 473.87
2013-09-30 2,667.03 1,041.82 483.99
2013-06-30 2,381.27 839.16 464.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bangkok Aviation Fuel Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bangkok Aviation Fuel Services used its assets more efficiently than the TH Infrastructure industry average last year based on Return on Assets.
  • Bangkok Aviation Fuel Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bangkok Aviation Fuel Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bangkok Aviation Fuel Services has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BAFS-R Health

 How is Bangkok Aviation Fuel Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bangkok Aviation Fuel Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bangkok Aviation Fuel Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bangkok Aviation Fuel Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bangkok Aviation Fuel Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bangkok Aviation Fuel Services Company Filings, last reported 3 months ago.

SET:BAFS-R Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,863.82 7,714.24 1,610.12
2019-09-30 7,756.34 7,620.02 1,489.54
2019-06-30 7,656.40 7,527.47 1,525.38
2019-03-31 8,201.22 7,127.57 1,973.89
2018-12-31 7,852.97 6,629.95 1,721.89
2018-09-30 7,670.01 5,904.13 1,520.20
2018-06-30 7,505.65 4,869.61 1,476.61
2018-03-31 7,896.04 4,010.98 1,943.54
2017-12-31 7,569.72 3,158.99 1,632.56
2017-09-30 7,424.42 3,151.88 2,222.57
2017-06-30 7,288.00 3,262.91 2,657.95
2017-03-31 7,681.24 3,354.78 3,849.19
2016-12-31 7,371.20 3,441.70 4,276.56
2016-09-30 6,714.65 2,324.02 3,176.70
2016-06-30 6,570.94 2,429.76 3,392.84
2016-03-31 6,450.13 1,388.42 2,271.05
2015-12-31 5,664.20 1,491.57 1,411.33
2015-09-30 5,559.17 1,574.96 1,381.77
2015-06-30 5,448.96 1,620.44 1,314.50
2015-03-31 5,498.21 1,670.68 1,371.27
2014-12-31 5,212.40 1,740.69 1,156.00
2014-09-30 5,084.85 1,760.02 1,107.37
2014-06-30 5,044.98 1,772.56 1,187.98
2014-03-31 5,229.67 1,806.73 1,443.51
2013-12-31 4,978.19 1,933.69 1,266.12
2013-09-30 4,763.73 2,007.01 1,092.65
2013-06-30 4,434.86 2,058.60 961.38
  • Bangkok Aviation Fuel Services's level of debt (98.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.4% vs 98.1% today).
  • Debt is not well covered by operating cash flow (19.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.3x coverage).
X
Financial health checks
We assess Bangkok Aviation Fuel Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bangkok Aviation Fuel Services has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BAFS-R Dividends

 What is Bangkok Aviation Fuel Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.65%
Current annual income from Bangkok Aviation Fuel Services dividends.
If you bought ฿2,000 of Bangkok Aviation Fuel Services shares you are expected to receive ฿133 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bangkok Aviation Fuel Services's pays a higher dividend yield than the bottom 25% of dividend payers in Thailand (3.29%).
  • Bangkok Aviation Fuel Services's dividend is below the markets top 25% of dividend payers in Thailand (8.67%).
Upcoming dividend payment

Purchase Bangkok Aviation Fuel Services before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SET:BAFS-R Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Thailand Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.2%
Thailand Market Average Dividend Yield Market Cap Weighted Average of 571 Stocks 4.6%
Thailand Minimum Threshold Dividend Yield 10th Percentile 2%
Thailand Bottom 25% Dividend Yield 25th Percentile 3.3%
Thailand Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SET:BAFS-R Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
SET:BAFS-R Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-26 1.250 6.108
2019-08-07 1.370 4.463
2019-04-25 1.370 3.873
2018-08-08 1.260 3.728
2018-02-21 1.250 3.458
2017-08-07 1.220 2.663
2017-02-22 1.250 3.085
2016-02-18 1.100 3.089
2015-02-19 0.680 2.557
2014-08-07 0.784 2.836
2014-02-20 0.800 3.103
2013-08-07 0.648 3.163
2013-02-27 0.624 3.209
2012-02-23 0.520 4.239
2011-02-23 0.432 4.742
2010-08-16 0.384 4.674
2010-02-18 0.344 5.214

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bangkok Aviation Fuel Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bangkok Aviation Fuel Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bangkok Aviation Fuel Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bangkok Aviation Fuel Services has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BAFS-R Management

 What is the CEO of Bangkok Aviation Fuel Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Prakobkiat Ninnad
COMPENSATION ฿1,585,000
AGE 62
TENURE AS CEO 5.7 years
CEO Bio

Mr. Prakobkiat Ninnad is President at Bangkok Aviation Fuel Services since 2019 and had served as the Managing Director of Bangkok Aviation Fuel Services Public Company Limited since August 1, 2014 until 2019. Mr. Ninnad has been a Director at Fuel Pipeline Transportation Limited since April 7, 2006. Mr. Ninnad has been a Director of Bangkok Aviation Fuel Services Public Company Limited since April 24, 2014. He served as a Director of Bangkok Aviation Fuel Services Public Company Limited since May 9, 2012. He employed at Thai Airways International PCL.

CEO Compensation
  • Prakobkiat's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Prakobkiat's remuneration is higher than average for companies of similar size in Thailand.
Management Team Tenure

Average tenure and age of the Bangkok Aviation Fuel Services management team in years:

3.4
Average Tenure
57
Average Age
  • The tenure for the Bangkok Aviation Fuel Services management team is about average.
Management Team

M. R. Diskul

TITLE
Executive Chairman
COMPENSATION
฿2M
AGE
70
TENURE
37.3 yrs

Prakobkiat Ninnad

TITLE
President & Director
COMPENSATION
฿2M
AGE
62
TENURE
5.7 yrs

Prapis Ruthairung

TITLE
Finance & Accounting Director
AGE
57
TENURE
2.7 yrs

Nattapol Narkuam

TITLE
Technical Director
AGE
51
TENURE
6.3 yrs

Jirapat Charoenbhantaraks

TITLE
Human Resources & Administration Director
AGE
57
TENURE
3.4 yrs

Parndao Sukhyanga

TITLE
Head of Compliance & Company Secretary
AGE
54

M.L. Diskul

TITLE
VP, Acting for Business Development & Marketing Director
TENURE
1 yrs

Buree Whanchid

TITLE
Managing Director of Fuel Pipeline Transportation Limited
AGE
62

Pariwat Vattanasup

TITLE
Consultant to Executive Chairman
AGE
55
TENURE
3.3 yrs

Charoen Charusalaipong

TITLE
Consultant to Executive Chairman
AGE
55
Board of Directors Tenure

Average tenure and age of the Bangkok Aviation Fuel Services board of directors in years:

6
Average Tenure
70
Average Age
  • The tenure for the Bangkok Aviation Fuel Services board of directors is about average.
Board of Directors

Palakorn Suwanrath

TITLE
Independent Chairman
COMPENSATION
฿2M
AGE
70

M. R. Diskul

TITLE
Executive Chairman
COMPENSATION
฿2M
AGE
70
TENURE
5.7 yrs

Prakobkiat Ninnad

TITLE
President & Director
COMPENSATION
฿2M
AGE
62
TENURE
6 yrs

Aswin Kongsiri

TITLE
Independent Director
COMPENSATION
฿2M
AGE
74
TENURE
15 yrs

Visut Montriwat

TITLE
Independent Director
COMPENSATION
฿2M
AGE
72
TENURE
13.4 yrs

Pachara Yutidhammadamrong

TITLE
Independent Director
COMPENSATION
฿2M
AGE
71
TENURE
11 yrs

Pipat Purnananda

TITLE
Independent Director
COMPENSATION
฿2M
AGE
70
TENURE
7 yrs

Peratak Autadej

TITLE
Director
COMPENSATION
฿1M
AGE
59
TENURE
4.4 yrs

Nitinai Sirismatthakarn

TITLE
Director
COMPENSATION
฿1M
AGE
48
TENURE
3.4 yrs

Kongsiam Chinwanno

TITLE
Director
COMPENSATION
฿320K
AGE
50
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (฿) Value (฿)
X
Management checks
We assess Bangkok Aviation Fuel Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bangkok Aviation Fuel Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BAFS-R News

Simply Wall St News

BAFS-R Company Info

Description

Bangkok Aviation Fuel Services Public Company Limited provides aviation depot and aircraft refueling services at Bangkok International Airport in Thailand. It offers intoplane, hydrant network, and fuel pipeline transportation services, as well as assembles and maintains hydrant dispensers. The company was founded in 1983 and is based in Bangkok, Thailand.

Details
Name: Bangkok Aviation Fuel Services Public Company Limited
BAFS-R
Exchange: SET
Founded: 1983
฿11,984,927,676
637,496,153
Website: http://www.bafsthai.com
Address: Bangkok Aviation Fuel Services Public Company Limited
171/2 Kamphang Phet 6 Road,
Don Mueang,
Bangkok,
10210,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET BAFS Ordinary Shares The Stock Exchange of Thailand TH THB 04. Apr 2002
SET BAFS-R THB1(NVDR) The Stock Exchange of Thailand TH THB 04. Apr 2002
Number of employees
Current staff
Staff numbers
0
Bangkok Aviation Fuel Services employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 15:34
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/02/27
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.