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Advanced Info Service Public Company Limited

AISF.F
68
Telecommunications Services · Communication Services
Price
€8.90
+0.05 (+0.56%)
Market Cap
€26.47B
Exchange
Frankfurt Stock Exchange
Winston Score
68
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 5, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Exceptional
Growth
Strong
Cash Flow
Exceptional
Stability
Mixed
Valuation
Good
Dividends
Exceptional

§Winston Score History

The full picture

Advanced Info Service Public Company Limited (AISF.F), along with its affiliated entities, serves as a prominent provider of mobile network, fixed broadband, and various digital services, predominantly within Thailand. Its operations are structured into three key divisions: mobile phone services, the sale of mobile devices and associated equipment, and data network and broadband services. The company actively manages cellular telephone networks across a broad spectrum of frequencies, including 26 GHz, 700 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2600 MHz. Beyond its core telecom offerings, AIS also distributes mobile handsets and cash cards, and delivers electronic money and payment solutions. Its service suite further encompasses international telephone services, the operation of broadcasting networks, and the provision of television broadcasting across multiple channels. Additionally, the company offers insurance brokerage services, IT system solutions, content aggregation, billing and collection outsourcing, and call center support. It also engages in the rental of land, buildings, and related infrastructure. AIS provides internet data center facilities, internet and satellite uplink-downlink communications, and distributes internet equipment. Other business activities include publishing telephone directories and advertising, creating mobile content, and offering training and online advertising services. Founded in 1986, the company's main office is located in Bangkok, Thailand.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.6% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+24.9% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

0 THB/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Cash Position

Cash flow positive

33.4B THB cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Advanced Info Service Public Company Limited is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 2.97B (2021) → 2.97B (2025)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
44.4%
Healthy — 44.4% gross margin
Profit after running costs
Operating Margin
33.0%
Excellent — 33.0% operating margin
Return on the money invested
ROCE
27.9%
Exceptional — 27.9% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+3.0%
Nearly flat sales (+3.0% YoY)
Profit growth
EPS YoY
+34.8%
Earnings growing fast (+34.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
209%
Turns 209% of profit into real cash
Spare cash per sale
FCF Margin
39.0%
Converts sales into free cash efficiently (39.0%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
3.85
Heavy debt load (3.85)
Covers its interest
Interest Cover
9.09x
Comfortably covers interest (9.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
19.2x
Fair value — P/E 19.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.6
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
5.09%
Healthy income — 5.09% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
+175.0%
Dividend growing fast (175.0% YoY)

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