Thai (SET) Hospitality Industry Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies22
- 7D-2.2%
- 3M2.2%
- 1Y-12.5%
- YTD3.9%
Over the last 7 days, the Hospitality industry has remained flat, although notably Laguna Resorts & Hotels gained 13%. As for the longer term, the industry has declined 12% in the last year. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Thai Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | ฿494.1b | ฿271.8b | ฿15.7b | 23.3x | 31.5x | 1.8x |
| Mon, 15 Apr 2024 | ฿515.5b | ฿264.0b | ฿12.5b | 25.2x | 41.3x | 2x |
| Wed, 13 Mar 2024 | ฿485.8b | ฿264.0b | ฿12.5b | 25x | 38.9x | 1.8x |
| Fri, 09 Feb 2024 | ฿485.4b | ฿255.3b | ฿14.2b | 26.7x | 34.1x | 1.9x |
| Sun, 07 Jan 2024 | ฿509.3b | ฿268.7b | ฿15.4b | 25.4x | 33x | 1.9x |
| Tue, 05 Dec 2023 | ฿471.9b | ฿268.6b | ฿15.5b | 24.4x | 30.5x | 1.8x |
| Thu, 02 Nov 2023 | ฿474.5b | ฿260.1b | ฿17.9b | 25.2x | 26.5x | 1.8x |
| Sat, 30 Sep 2023 | ฿524.7b | ฿260.1b | ฿17.9b | 28.6x | 29.4x | 2x |
| Mon, 28 Aug 2023 | ฿543.9b | ฿260.1b | ฿17.9b | 29.5x | 30.4x | 2.1x |
| Wed, 26 Jul 2023 | ฿539.0b | ฿246.9b | ฿14.3b | 31.7x | 37.7x | 2.2x |
| Fri, 23 Jun 2023 | ฿582.4b | ฿246.9b | ฿14.3b | 34.1x | 40.8x | 2.4x |
| Sun, 21 May 2023 | ฿579.8b | ฿246.6b | ฿14.3b | 34.8x | 40.6x | 2.4x |
| Tue, 18 Apr 2023 | ฿600.0b | ฿224.4b | ฿8.1b | 68.7x | 74.2x | 2.7x |
| Thu, 16 Mar 2023 | ฿589.2b | ฿223.7b | ฿7.9b | 58.7x | 74.6x | 2.6x |
| Sat, 11 Feb 2023 | ฿627.1b | ฿201.3b | ฿1.4b | 38.7x | 463.6x | 3.1x |
| Mon, 09 Jan 2023 | ฿634.9b | ฿201.3b | ฿1.4b | 37.7x | 469.4x | 3.2x |
| Wed, 07 Dec 2022 | ฿596.6b | ฿201.3b | ฿1.4b | 37.8x | 441.1x | 3x |
| Fri, 04 Nov 2022 | ฿590.5b | ฿173.4b | -฿7,086,612,973.00 | 48x | -83.3x | 3.4x |
| Sun, 02 Oct 2022 | ฿562.0b | ฿173.4b | -฿7,086,612,973.00 | 49.3x | -79.3x | 3.2x |
| Tue, 30 Aug 2022 | ฿566.3b | ฿172.4b | -฿7,717,348,013.00 | 50.7x | -73.4x | 3.3x |
| Thu, 28 Jul 2022 | ฿546.7b | ฿146.5b | -฿17,785,887,583.00 | 61.9x | -30.7x | 3.7x |
| Sat, 25 Jun 2022 | ฿555.9b | ฿146.5b | -฿17,785,887,583.00 | 61.1x | -31.3x | 3.8x |
| Mon, 23 May 2022 | ฿541.3b | ฿146.5b | -฿17,785,887,583.00 | 59.4x | -30.4x | 3.7x |
| Wed, 20 Apr 2022 | ฿556.1b | ฿131.5b | -฿23,247,904,876.00 | 117.3x | -23.9x | 4.2x |
| Fri, 18 Mar 2022 | ฿524.4b | ฿131.5b | -฿23,247,904,876.00 | 116.6x | -22.6x | 4x |
| Sun, 13 Feb 2022 | ฿521.5b | ฿122.8b | -฿32,539,990,289.00 | 68.6x | -16x | 4.2x |
| Tue, 11 Jan 2022 | ฿479.8b | ฿122.8b | -฿32,539,990,289.00 | 68x | -14.7x | 3.9x |
| Thu, 09 Dec 2021 | ฿485.4b | ฿122.8b | -฿32,539,990,289.00 | 68.6x | -14.9x | 4x |
| Sat, 06 Nov 2021 | ฿522.5b | ฿120.0b | -฿37,670,994,501.00 | 64.2x | -13.9x | 4.4x |
| Mon, 04 Oct 2021 | ฿503.8b | ฿120.0b | -฿37,665,608,501.00 | 56x | -13.4x | 4.2x |
| Wed, 01 Sep 2021 | ฿497.8b | ฿120.0b | -฿37,665,608,501.00 | 56.2x | -13.2x | 4.1x |
| Thu, 08 Jul 2021 | ฿486.7b | ฿120.0b | -฿37,665,608,501.00 | 56.5x | -12.9x | 4.1x |
Price to Earnings Ratio
-11.6x
Current Industry PE
- Investors are pessimistic on the Thai Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 32.0x which is lower than its 3-year average PE of 58.3x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 36% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Consumer Discretionary industry?
| TH Market | 0.78% | |
| Consumer Discretionary | 0.46% | |
| Hospitality | -2.24% | |
| Casinos and Gaming | 0% | |
| Leisure Facilities | 0% | |
| Hotels, Resorts and Cruise Lines | -1.44% | |
| Restaurants | -5.08% | |
Industry PE
- Investors are most optimistic about the Hotels, Resorts and Cruise Lines industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 15.9%, which is lower than the prior year's growth of 181.3% per year.
- Investors are most pessimistic about the Leisure Facilities industry, which is trading below its 3-year average of 49.4x.
Forecasted Growth
- Analysts are most optimistic on the Restaurants industry, expecting annual earnings growth of 16% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Hotels, Resorts and Cruise Lines industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LRH Laguna Resorts & Hotels | ฿48.00 | 15.0% +฿1.0b | 20.0% | PE13.8x | |
| DUSIT Dusit Thani | ฿10.60 | 9.8% +฿803.0m | -0.9% | PS1.4x | |
| SHANG Shangri-La Hotel | ฿49.50 | 1.5% +฿97.5m | -8.3% | PE26.2x | |
| MANRIN Mandarin Hotel | ฿34.00 | 2.3% +฿20.2m | 25.9% | PE22x |