Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
AIRA Capital Public Company Limited, along with its associated entities, offers comprehensive financial advisory services throughout Thailand. The firm operates across four main divisions: Securities and Investment, Advisory and Investment Banking, Factoring, and Rental and Service. Its offerings include a broad spectrum of securities services, such as brokerage, trading, investment guidance, underwriting, securities borrowing and lending, derivatives brokerage, and private fund management. The company is also a specialist in investment banking, guiding clients through mergers and acquisitions (including asset and company valuations, leveraged buyouts, joint ventures, and corporate spin-offs), capital restructurings, and other financial advisory needs. Its diverse client base spans small and medium-sized enterprises, publicly traded and privately held corporations, government-affiliated bodies, and private equity firms. Furthermore, AIRA Capital provides financing solutions for industrial equipment and machinery via hire purchase, finance leases, and operating leases. It manages both private and mutual funds and facilitates brokerage for investment units. The company's operations also encompass receivable factoring, venture capital investments, real estate development, and asset management. Founded in 2004, the company maintains its headquarters in Bangkok, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is 'expensive' on EV/EBITDA, trading at ne