What is Bank of Ayudhya Public Company Limited (BKAYY)'s fair-value range?

EvidInvest reads Bank of Ayudhya Public Company Limited (BKAYY)'s market price back into the assumptions behind it — the implied P/E, growth rate and cash yield — using its latest filed financials, then lets you set your own. See the full DCF, Graham number, EPV and multiple-based methods at https://evidinvest.com/valuation/BKAYY.

How is Bank of Ayudhya Public Company Limited (BKAYY)'s fair value calculated?

Bank of Ayudhya Public Company Limited (BKAYY)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples such as PE and EV/EBITDA — using EvidInvest's standardized annual and quarterly statements for the company. P/B is optional for non-financial companies and included in the preset range for financial sectors.

Which filing are Bank of Ayudhya Public Company Limited (BKAYY)'s valuation inputs based on?

Inputs come from the FY2025 20-F. Source: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=BKAYY&type=10-K

Fair value · Bank of Ayudhya Public Company Limited (BKAYY) · updated 2026-10-28 · from 20-F FY2025

Bank of Ayudhya Public Company trades at $22.17. We are not reading assumptions out of that price: this is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Name: Bank of Ayudhya Public Company Limited (BKAYY) valuation inputs and fair-value methods
Creator: EvidInvest
License: https://evidinvest.com/subscription-terms

Everything below is unaffected: the filed statements, the filing they came from, and BKAYY’s growth history are all as reported.

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Inputs come from the FY2025 20-F; set your own on the sliders below. Research, not investment advice.

The filing behind these numbers

Bank of Ayudhya Public Company Limited

Revenue: THB 199.3B
Diluted EPS: THB 82.80
Free cash flow: THB 94.8B; operating cash flow − capital expenditure
Diluted shares: 367.8M; weighted average

20-F FY2025 · fiscal year ended 2025-12-31 · filed 2025-12-31

Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q2 FY2026 (filed 2026-06-30).

Open the 20-F list on sec.gov

Valuation tool: build your own BKAYY range

Fair Value Summary

Daily Price — BKAYY

$26.00 +0.0% (1Y)

Your range0 of 8 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

The two ranges are identical because every input sits on a preset.

We don’t tell you what BKAYY is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has BKAYY’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Not solvable from the price — This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what BKAYY has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth3.6%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%333.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth8.7%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)7.99%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $25,630M · PV terminal $46,906M · EV $72,536M · equity $68,939M

Year	Stage	FCF	Present value
1	Stage 1	$3,100M	$2,870M
2	Stage 1	$3,211M	$2,754M
3	Stage 1	$3,327M	$2,642M
4	Stage 1	$3,447M	$2,534M
5	Stage 1	$3,571M	$2,431M
6	Stage 2	$3,881M	$2,447M
7	Stage 2	$4,219M	$2,463M
8	Stage 2	$4,586M	$2,480M
9	Stage 2	$4,985M	$2,496M
10	Stage 2	$5,419M	$2,512M

Inputs from the filing

Statements filed in THB, converted to USD at the 2025-12-31 period-end rate (31.675 THB per USD; ECB reference rates).

Free cash flow: $1.7B; sum of the last four quarters
EBIT: $1.2B; latest annual
Shares: 367.8M
Total debt: $11.1B
Cash: $7.5B
Net debt: $3.6B; debt − cash

20-F FY2025 · period ended 2025-12-31 · filed 2025-12-31 · sec.gov

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Bank of Ayudhya Public Company trades at $22.17. We are not reading assumptions out of that price: this is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

The filing behind these numbers

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Daily Price — BKAYY

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Year by year (two-stage model, $M)

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Valuation tool: build your own BKAYY range

Daily Price — BKAYY

Your range0 of 8 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on BKAYY

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