STOCK COMPARISON
Airports Of Thailand PCL vs Aena: Fair Value & Quality
Both stocks run through our valuation models. Here is how Airports Of Thailand PCL (AOT) and Aena (AENA) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Aena as the more attractively valued of the two: Airports Of Thailand PCL trades at THB 63.25 versus a fair value of THB 26.64 (-58%), while Aena trades at €26.82 versus €28.41 (+6%).
Airports Of Thailand PCL
AOT.BK · THB · Industrials
-58%
upside to fair value
overvalued
PriceTHB 63.25
Fair ValueTHB 26.64
Quality74/100
Aena
AENA.MC · EUR · Industrials
+6%
upside to fair value
fairly valued
Price€26.82
Fair Value€28.41
Quality69/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Airports Of Thailand PCLAena
Valuation
50.4×P/E (TTM)18.2×
13.77×P/S (TTM)7.03×
6.98×P/B4.93×
29.0×EV/EBITDA13.1×
1.45×PEG3.02×
1.3%Dividend yield4.2%
THB 0.81Dividend per share€1.09
Profitability
27%Net margin34%
41%Operating margin31%
14%Return on equity24%
7%Return on assets10%
Growth
3%Revenue growth (YoY)12%
58.3%Avg. growth/yr (3Y)14.4%
16.3%Avg. growth/yr (5Y)23.5%
Balance & size
0.00×Debt / equity0.53×
$28BMarket cap$45B
mixedGrowth qualityhealthy
Aena leads: 4 to 10 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Airports Of Thailand PCLof which business quality 65 · market factors 84
Aenaof which business quality 68 · market factors 64
ProfitabilityMargins and returns on capital today
52
63
Quality GrowthAre margins and returns improving?
40
50
CashflowEarnings quality: real cash, not paper profit
79
80
Fin. StrengthBalance sheet, leverage, solvency risk
78
72
InvestmentDisciplined investing over empire-building
55
56
Low VolatilityCalm price path (market factor)
76
81
MomentumPrice trend over the last 3–12 months (market factor)
82
51
52W MomentumDistance to the 52-week high (market factor)
97
66
Net IssuanceBuybacks instead of dilution
82
82
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Airports Of Thailand PCL
DCF ModelsTHB 35.57
Earnings-BasedTHB 18.60
Dividend DiscountTHB 15.99
MultiplesTHB 23.48
Asset-BasedTHB 6.14
Growth DCFTHB 27.26
Economic ProfitTHB 18.65
Growth EarningsTHB 26.44
26 of 26 models see the stock below the current price.
Aena
DCF Models€28.39
Earnings-Based€14.12
Dividend Discount€17.57
Multiples€23.45
Asset-Based€4.11
Growth DCF€20.51
Economic Profit€14.75
Growth Earnings€23.47
16 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Airports Of Thailand PCL
Bear THB 19.98Fair Value THB 26.64Bull THB 33.31
THB 63.25 = current price (white tick)
Aena
Bear €17.20Fair Value €28.41Bull €36.38
€26.82 = current price (white tick)
Compare two other stocks
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Airports Of Thailand PCL · Industrials
Quality score74 · Top 25%
Fair value upside-58% · bottom 25%
Aena · Industrials
Quality score69 · Top 25%
Fair value upside+6% · above median
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees Aena as the more attractively valued of the two: Airports Of Thailand PCL trades at THB 63.25 versus a fair value of THB 26.64 (-58%), while Aena trades at €26.82 versus €28.41 (+6%).
Airports Of Thailand PCL has the higher quality score (74/100).
See the full analysis →
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
