Thai Airways International PCLBKK:THAI-R 37 Intrinsic Value: Projected FCF is ฿9.12 as of Jul. 07, 2026, which is 100% below its 10-year median of 0.25. GuruFocus rates BKK:THAI-R with a GF Score™ of 37/100 and a GF Value™ of ฿0.34. The stock has 4 warning signs investors should review. Among 729 Transportation companies, Thai Airways International PCL ranks better than 59.95% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Thai Airways International PCL's Intrinsic Value: Projected FCF or its related term are showing as below:
BKK:THAI-R'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.06 Med: 0.25 Max: 1.48
Current: 0.66
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Thai Airways International PCL was 1.48. The lowest was 0.06. And the median was 0.25.
BKK:THAI-R's Price-to-Projected-FCF is ranked better than 59.95% of 729
companies
in the Transportation industry
Industry Median: 0.83
vs BKK:THAI-R: 0.66
Thai Airways International PCL (BKK:THAI-R) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Thai Airways International PCL's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
6.00
/
9.6530115879818
=
0.62
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thai Airways International PCL Intrinsic Value: Projected FCF Related Terms
Thai Airways International PCL Intrinsic Value: Projected FCF Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thai Airways International PCL Intrinsic Value: Projected FCF Chart
BKK:THAI-R vs DAL, UAL, LUV: Intrinsic Value: Projected FCF Comparison
For the Airlines subindustry, Thai Airways International PCL's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thai Airways International PCL Price-to-Projected-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Thai Airways International PCL's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Thai Airways International PCL's Price-to-Projected-FCF falls into.
Thai Airways International PCL Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of ฿9.12 mean?
Thai Airways International PCL (BKK:THAI-R) has a Intrinsic Value: Projected FCF of ฿9.12 as of Jul. 07, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Thai Airways International PCL and its competitors. This is 3548% above median its historical median of 0.25. Over the past decade, Thai Airways International PCL's Intrinsic Value: Projected FCF has ranged from 0.06 to 1.48. According to the industry distribution chart, Thai Airways International PCL ranks #292 out of 729 companies in the Transportation industry, placing it in the top 40.1%.
Is Thai Airways International PCL's Intrinsic Value: Projected FCF too high?
Thai Airways International PCL's current Intrinsic Value: Projected FCF of ฿9.12 is 3548% above median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.48. Based on the distribution chart, Thai Airways International PCL ranks #292 out of 729 companies in the Transportation industry, which is above the industry midpoint. Overall, Thai Airways International PCL has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Thai Airways International PCL's Intrinsic Value: Projected FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Thai Airways International PCL ranks #292 out of 729 companies for Intrinsic Value: Projected FCF. This puts Thai Airways International PCL in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.83. Historically, Thai Airways International PCL's own Intrinsic Value: Projected FCF has ranged from 0.06 to 1.48 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Transportation company?
The median Intrinsic Value: Projected FCF among Transportation companies is 0.83, based on 729 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Thai Airways International PCL and its competitors. For the Transportation industry, the median Intrinsic Value: Projected FCF is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Airways International PCL's current Intrinsic Value: Projected FCF is ฿9.12, which is 3548% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Airways International PCL stock overvalued right now?
Thai Airways International PCL (BKK:THAI-R) has a current Intrinsic Value: Projected FCF of ฿9.12. The stock's GF Value™ is ฿0.34, compared to a current price of ฿6.00 — trading 1664.7% above its estimated fair value. The current Intrinsic Value: Projected FCF is ฿9.12, which is 3548% above median its 10-year median of 0.25. Thai Airways International PCL's overall GF Score™ is 37/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Thai Airways International PCL (BKK:THAI-R), the current Intrinsic Value: Projected FCF is ฿9.12 as of Jul. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thai Airways International PCL (BKK:THAI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Airways International PCL stock appears to be overvalued.
The current stock price of ฿6.00 is trading 1664.7% above its estimated GF Value™ of ฿0.34.
Key valuation signals for BKK:THAI-R:
Intrinsic Value: Projected FCF: ฿9.12 (3548% above median its 10-year median of 0.25)
GF Value™: ฿0.34 vs. price of ฿6.00 (1664.7% above fair value)
No single metric tells the full story. See the BKK:THAI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Airways International PCL Business Description
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.
37GF Score
Get the complete analysis for BKK:THAI-R
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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