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Advanced Information Technology Public Company Limited

AIT.BK
57
Information Technology Services · Technology
Price
4.82 THB
-0.02 (-0.41%)
Market Cap
7.41B THB
Exchange
Stock Exchange of Thailand
Winston Score
57
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 29, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Good
Dividends
Exceptional

Share count rising — dilution

+14.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.34B (2021) → 1.54B (2025)

Winston Score History

The full picture

Advanced Information Technology Public Company Limited, alongside its subsidiaries in Thailand, delivers a comprehensive suite of information and communication technology (ICT) network system services. Their offerings span the entire lifecycle, from initial design and sales to installation, maintenance, repair, and client training. The company operates through two primary divisions: sales and service activities, and equipment rental. AIT provides a diverse portfolio of IT solutions, encompassing high-performance carrier-grade routers and switches, web and video caching, and robust DDoS protection. They are also adept in cutting-edge networking concepts such as software-defined networking (SDN) and network function virtualization (NFV). For data center and cloud environments, their expertise includes consolidation and virtualization strategies, unified data center architectures, and converged/hyper-converged infrastructure, supporting both private and public cloud deployments, again leveraging SDN. Their collaboration solutions feature unified communications via IP/VoIP systems, video and web conferencing, and contact center functionalities. The company additionally develops solutions for the Internet of Things (IoT) and offers an extensive range of enterprise network technologies, including routers, switches, wireless LAN, WAN optimization, security frameworks, application delivery control, DNS servers, identity management systems, and network management tools. Beyond core infrastructure, AIT specializes in developing bespoke information technology systems for various projects, integrating advanced technological concepts with structured development methodologies. They also provide managed services for complex IT infrastructures and comprehensive maintenance, which includes operational monitoring and the provision of spare parts to ensure rapid problem resolution and minimize risks from equipment failures. Established in 1992, the company's headquarters are located in Bangkok, Thailand.

Score breakdown

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Quality

Profit per sale
Gross Margin
19.3%
Thin — 19.3% gross margin
Profit after running costs
Operating Margin
8.7%
Modest — 8.7% operating margin
Return on the money invested
ROCE
14.3%
Good — 14.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
-3.0%
Shrinking sales (-3.0% YoY)
Profit growth
EPS YoY
-1.0%
Earnings shrinking (-1.0% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
178%
Turns 178% of profit into real cash
Spare cash per sale
FCF Margin
13.9%
Converts sales into free cash efficiently (13.9%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.05
Conservative — low debt load (0.05)
Covers its interest
Interest Cover
153.81x
Comfortably covers interest (153.8x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
12.7x
Attractive valuation — P/E 12.7

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
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
12.45%
Healthy income — 12.45% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+32.8%
Dividend growing fast (32.8% YoY)

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