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Thai (SET) Market Analysis & Valuation

UpdatedJul 21, 2024
DataAggregated Company Financials
Companies891
  • 7D-1.2%
  • 3M-1.5%
  • 1Y-14.1%
  • YTD-8.4%

Over the last 7 days, the market has dropped 1.2%, driven by a loss of 2.6% in the Financials sector. The market has dropped 14% in the last year. Earnings are forecast to grow by 15% annually.

Market Valuation and Performance

Has the Thai Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jul 2024฿16.5t฿17.4t฿972.1b14.8x17x0.9x
Wed, 19 Jun 2024฿16.3t฿17.4t฿973.1b15x16.7x0.9x
Fri, 17 May 2024฿17.3t฿17.4t฿981.7b15.9x17.6x1x
Sun, 14 Apr 2024฿17.5t฿17.2t฿970.0b16.3x18.1x1x
Tue, 12 Mar 2024฿17.3t฿17.2t฿965.9b16.5x17.9x1x
Thu, 08 Feb 2024฿17.4t฿17.1t฿951.2b16.5x18.3x1x
Sat, 06 Jan 2024฿17.8t฿17.1t฿930.6b17x19.1x1x
Mon, 04 Dec 2023฿17.2t฿17.1t฿930.1b15.6x18.5x1x
Wed, 01 Nov 2023฿17.2t฿17.4t฿875.4b16.1x19.6x1x
Fri, 29 Sep 2023฿18.4t฿17.4t฿874.3b17.4x21x1.1x
Sun, 27 Aug 2023฿19.3t฿17.3t฿868.0b17.9x22.3x1.1x
Tue, 25 Jul 2023฿18.9t฿17.7t฿1.0t16.5x18.7x1.1x
Thu, 22 Jun 2023฿18.8t฿17.7t฿1.0t16.8x18.7x1.1x
Sat, 20 May 2023฿18.7t฿17.8t฿1.0t16.6x18.3x1.1x
Mon, 17 Apr 2023฿19.7t฿17.6t฿994.3b17.3x19.8x1.1x
Wed, 15 Mar 2023฿18.8t฿17.6t฿1.0t16.5x18.8x1.1x
Fri, 10 Feb 2023฿20.6t฿17.1t฿1.1t18.3x19x1.2x
Sun, 08 Jan 2023฿20.6t฿17.1t฿1.1t17.7x18.8x1.2x
Tue, 06 Dec 2022฿20.2t฿17.1t฿1.1t17.6x18.3x1.2x
Thu, 03 Nov 2022฿20.0t฿15.9t฿1.1t17.3x18.2x1.3x
Sat, 01 Oct 2022฿19.4t฿15.7t฿1.1t16.8x18.1x1.2x
Mon, 29 Aug 2022฿20.0t฿15.7t฿1.1t17.6x18.8x1.3x
Wed, 27 Jul 2022฿18.8t฿14.3t฿987.5b17.5x19.1x1.3x
Fri, 24 Jun 2022฿18.7t฿14.2t฿977.0b17.5x19.1x1.3x
Sun, 22 May 2022฿19.4t฿14.4t฿1.0t18.1x19.1x1.3x
Tue, 19 Apr 2022฿19.8t฿13.1t฿983.5b19.1x20.1x1.5x
Thu, 17 Mar 2022฿19.8t฿13.1t฿989.6b18.7x20x1.5x
Sat, 12 Feb 2022฿20.1t฿12.2t฿930.4b19.5x21.6x1.6x
Mon, 10 Jan 2022฿19.6t฿12.1t฿910.6b19.9x21.5x1.6x
Wed, 08 Dec 2021฿18.6t฿12.1t฿910.0b18.9x20.5x1.5x
Fri, 05 Nov 2021฿19.0t฿11.7t฿894.8b19.6x21.3x1.6x
Sun, 03 Oct 2021฿18.5t฿11.6t฿884.3b19.5x20.9x1.6x
Tue, 31 Aug 2021฿18.8t฿11.6t฿882.1b19.3x21.3x1.6x
Price to Earnings Ratio

20x


Total Market Cap: ฿17.6tTotal Earnings: ฿882.1bTotal Revenue: ฿11.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Market Price to Earnings3Y Average 19.3x202220232024
Current Market PE
  • Investors are pessimistic on the Thai market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 17.0x which is lower than its 3-year average PE of 19.3x.
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 15% 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-1.24%
Telecom2.14%
Tech1.05%
Healthcare0.05%
Real Estate-0.73%
Utilities-1.07%
Consumer Staples-1.26%
Consumer Discretionary-1.38%
Industrials-1.95%
Energy-2.48%
Financials-2.59%
Materials-4.23%
Sector PE
  • Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 118x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.8%, which is higher than its past year's earnings growth of 1.8% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings growth rate of 19% 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?

CompanyLast Price7D1YValuationSector
GULF Gulf Energy Development฿45.507.7%
+฿38.1b
-6.7%PE36.8xUtilities
DELTA Delta Electronics (Thailand)฿92.253.1%
+฿34.3b
-12.6%PE60.2xTech
ADVANC Advanced Info Service฿228.003.2%
+฿20.8b
2.7%PE22xTelecom
BDMS Bangkok Dusit Medical Services฿26.752.9%
+฿11.9b
-6.1%PE28.4xHealthcare
INTUCH Intouch Holdings฿78.254.0%
+฿9.6b
2.6%PE18.3xTelecom
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Latest News

INTUCH

฿78.25

Intouch Holdings

7D

4.0%

1Y

2.6%

SCGP

฿28.50

SCG Packaging

7D

-7.3%

1Y

-26.5%

EA

฿5.05

Energy Absolute

7D

-61.5%

1Y

-91.1%

DELTA

฿92.25

Delta Electronics (Thailand)

7D

3.1%

1Y

-12.6%

ADVANC

฿228.00

Advanced Info Service

7D

3.2%

1Y

2.7%

PTT

฿32.25

PTT

7D

-1.5%

1Y

-7.2%

PTTGC

฿27.50

PTT Global Chemical

7D

-9.8%

1Y

-25.2%

TRUE

฿9.20

True Corporation

7D

1.7%

1Y

31.4%

JAS

฿3.28

Jasmine International

7D

13.1%

1Y

136.0%

SCB

฿101.50

SCB X

7D

-4.7%

1Y

-8.1%

PTTEP

฿144.50

PTT Exploration and Production

7D

-4.3%

1Y

-8.5%

OSP

฿24.70

Osotspa

7D

6.0%

1Y

-14.8%

BDMS

฿26.75

Bangkok Dusit Medical Services

7D

2.9%

1Y

-6.1%

IVL

฿18.30

Indorama Ventures

7D

-9.0%

1Y

-44.5%

AOT

฿58.25

Airports of Thailand

7D

-0.9%

1Y

-18.8%

GULF

฿45.50

Gulf Energy Development

7D

7.7%

1Y

-6.7%