Thai (SET) Market Analysis & Valuation
UpdatedMay 24, 2022
DataAggregated Company Financials
Companies816
- 7D3.3%
- 3M-2.6%
- 1Y6.8%
- YTD-1.4%
Over the last 7 days, the market has risen 3.3%, driven by gains in every sector, especially the Financials sector. The market is up 6.8% over the last 12 months. Earnings are forecast to grow by 18% annually.
Market Valuation and Performance
Has the Thai Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Wed, 25 May 2022 | ฿19.6t | ฿14.1t | ฿1.0t | 18.4x |
| Fri, 22 Apr 2022 | ฿20.1t | ฿13.1t | ฿984.6b | 19.4x |
| Sun, 20 Mar 2022 | ฿19.9t | ฿13.1t | ฿990.2b | 19x |
| Tue, 15 Feb 2022 | ฿20.0t | ฿12.2t | ฿929.3b | 19.5x |
| Thu, 13 Jan 2022 | ฿19.9t | ฿12.1t | ฿910.3b | 20.1x |
| Sat, 11 Dec 2021 | ฿19.0t | ฿12.1t | ฿909.7b | 19.3x |
| Mon, 08 Nov 2021 | ฿19.1t | ฿11.7t | ฿904.7b | 19.5x |
| Wed, 06 Oct 2021 | ฿18.7t | ฿11.6t | ฿884.4b | 19.5x |
| Fri, 03 Sep 2021 | ฿18.9t | ฿11.6t | ฿882.3b | 19.3x |
| Sun, 01 Aug 2021 | ฿17.4t | ฿11.6t | ฿881.8b | 18.5x |
| Wed, 05 May 2021 | ฿17.9t | ฿10.8t | ฿729.1b | 19.4x |
| Sat, 06 Feb 2021 | ฿16.1t | ฿10.3t | ฿564.5b | 16.9x |
| Tue, 10 Nov 2020 | ฿13.0t | ฿10.7t | ฿600.1b | 14.6x |
| Mon, 03 Aug 2020 | ฿14.1t | ฿11.0t | ฿655.9b | 15.1x |
| Thu, 07 May 2020 | ฿13.7t | ฿11.7t | ฿761.0b | 13.7x |
| Sun, 09 Feb 2020 | ฿15.7t | ฿11.7t | ฿900.2b | 15x |
| Sat, 02 Nov 2019 | ฿16.3t | ฿11.8t | ฿842.1b | 16.1x |
| Tue, 06 Aug 2019 | ฿17.1t | ฿12.1t | ฿866.4b | 16.8x |
Median PE Ratio
16x
Current Market PE
- Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 16.9x.
Past Earnings Growth
- The earnings for Thai listed companies have grown 3.3% per year over the last three years.
- Revenues for these companies have grown 5.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Thai Market?
| TH Market | 3.30% | |
| Industrials | 4.69% | |
| Utilities | 4.34% | |
| Materials | 4.01% | |
| Energy | 3.63% | |
| Financials | 3.36% | |
| Consumer Staples | 3.32% | |
| Consumer Discretionary | 3.00% | |
| Telecom | 2.71% | |
| Real Estate | 2.66% | |
| Healthcare | 1.83% | |
| Tech | 1.00% | |
Sector PE
- Investors are most optimistic about the Telecom sector which is trading above its 3-year average PE ratio of 24.0x.
- This is likely because analysts are expecting annual earnings growth of 25%, which is higher than its past year's earnings growth of 9.3% per year.
- Investors are most pessimistic about the Energy sector, which is trading below its 3-year average of 13.5x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Energy industry is expected to see its earnings growth to stay flat 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 | Sector | |
|---|---|---|---|---|---|---|
| AOT Airports of Thailand | ฿69.00 | 2.2% +฿21.4b | 13.1% | PS112.6x | Industrials | |
| MAKRO Siam Makro | ฿36.00 | 5.1% +฿18.5b | 1.4% | PS27.2x | Consumer Staples | |
| ADVANC Advanced Info Service | ฿224.00 | 2.8% +฿17.8b | 32.9% | PS25.1x | Telecom | |
| SCB SCB X | ฿111.00 | 2.8% +฿10.1b | 6.7% | PB0.8x | Financials | |
| DOHOME Dohome | ฿18.80 | -1.6% ฿10.1b | -14.9% | PS37.8x | Consumer Discretionary |