Thai (SET) Auto Components Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies22
- 7D-5.2%
- 3M-5.4%
- 1Y-12.4%
- YTD-3.2%
Over the last 7 days, the Auto Components industry has dropped 5.1%, driven by Sri Trang Agro-Industry declining 12%. On the other hand T.Krungthai Industries is actually up 12%. However, the industry is down 11% over the past year. As for the next few years, earnings are expected to grow by 40% per annum.
Industry Valuation and Performance
Has the Thai Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | ฿103.4b | ฿209.7b | ฿8.0b | 12.6x | 12.9x | 0.5x |
| Sat, 23 Mar 2024 | ฿112.3b | ฿209.4b | ฿7.9b | 12.6x | 14.1x | 0.5x |
| Mon, 19 Feb 2024 | ฿108.7b | ฿211.8b | ฿8.1b | 11.1x | 13.5x | 0.5x |
| Wed, 17 Jan 2024 | ฿113.9b | ฿215.6b | ฿9.3b | 13.2x | 12.2x | 0.5x |
| Fri, 15 Dec 2023 | ฿100.8b | ฿215.4b | ฿9.3b | 12.2x | 10.8x | 0.5x |
| Sun, 12 Nov 2023 | ฿100.5b | ฿215.6b | ฿9.5b | 12.5x | 10.6x | 0.5x |
| Tue, 10 Oct 2023 | ฿103.6b | ฿229.7b | ฿11.4b | 11.2x | 9.1x | 0.5x |
| Thu, 07 Sep 2023 | ฿110.9b | ฿229.2b | ฿11.4b | 11.9x | 9.8x | 0.5x |
| Sat, 05 Aug 2023 | ฿107.9b | ฿234.0b | ฿12.4b | 12.5x | 8.7x | 0.5x |
| Mon, 03 Jul 2023 | ฿112.3b | ฿234.0b | ฿12.4b | 12.3x | 9.1x | 0.5x |
| Wed, 31 May 2023 | ฿119.6b | ฿233.9b | ฿12.3b | 12.9x | 9.7x | 0.5x |
| Fri, 28 Apr 2023 | ฿116.7b | ฿234.8b | ฿13.6b | 13.5x | 8.6x | 0.5x |
| Sun, 26 Mar 2023 | ฿123.0b | ฿234.1b | ฿13.6b | 14.1x | 9x | 0.5x |
| Tue, 21 Feb 2023 | ฿127.1b | ฿229.7b | ฿13.5b | 14.7x | 9.4x | 0.6x |
| Thu, 19 Jan 2023 | ฿124.3b | ฿233.8b | ฿14.4b | 14.8x | 8.7x | 0.5x |
| Sat, 17 Dec 2022 | ฿118.9b | ฿233.8b | ฿14.4b | 13.9x | 8.3x | 0.5x |
| Mon, 14 Nov 2022 | ฿119.8b | ฿226.0b | ฿13.5b | 18x | 8.9x | 0.5x |
| Wed, 12 Oct 2022 | ฿114.3b | ฿224.5b | ฿15.2b | 17.5x | 7.5x | 0.5x |
| Fri, 09 Sep 2022 | ฿120.8b | ฿223.9b | ฿15.2b | 18.9x | 8x | 0.5x |
| Sun, 07 Aug 2022 | ฿116.8b | ฿223.8b | ฿19.0b | 15.7x | 6.1x | 0.5x |
| Tue, 05 Jul 2022 | ฿113.5b | ฿223.8b | ฿19.0b | 16.1x | 6x | 0.5x |
| Thu, 02 Jun 2022 | ฿126.0b | ฿223.5b | ฿19.1b | 14.9x | 6.6x | 0.6x |
| Sat, 30 Apr 2022 | ฿112.9b | ฿199.8b | ฿21.7b | 14.6x | 5.2x | 0.6x |
| Mon, 28 Mar 2022 | ฿117.6b | ฿199.6b | ฿21.8b | 15.5x | 5.4x | 0.6x |
| Wed, 23 Feb 2022 | ฿123.0b | ฿198.9b | ฿21.8b | 16.3x | 5.6x | 0.6x |
| Fri, 21 Jan 2022 | ฿125.3b | ฿196.8b | ฿25.9b | 12.8x | 4.8x | 0.6x |
| Sun, 19 Dec 2021 | ฿123.4b | ฿196.6b | ฿25.8b | 12.3x | 4.8x | 0.6x |
| Tue, 16 Nov 2021 | ฿120.9b | ฿196.3b | ฿25.8b | 14x | 4.7x | 0.6x |
| Thu, 14 Oct 2021 | ฿126.8b | ฿183.6b | ฿24.5b | 14.1x | 5.2x | 0.7x |
| Sat, 11 Sep 2021 | ฿131.0b | ฿183.6b | ฿24.5b | 14.2x | 5.3x | 0.7x |
| Mon, 09 Aug 2021 | ฿134.8b | ฿183.6b | ฿24.5b | 14.9x | 5.5x | 0.7x |
| Sun, 02 May 2021 | ฿145.4b | ฿159.6b | ฿17.6b | 18.3x | 8.3x | 0.9x |
Price to Earnings Ratio
8.3x
Current Industry PE
- Investors are optimistic on the Thai Auto Components industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.0x which is higher than its 3-year average PE of 8.0x.
- The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have declined 23% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Consumer Discretionary industry?
| TH Market | -0.42% | |
| Consumer Discretionary | -0.80% | |
| Auto Components | -5.24% | |
| Auto Parts and Equipment | -1.53% | |
| Tires and Rubber | -10.01% | |
Industry PE
- Investors are most optimistic about the Tires and Rubber industry which is trading above its 3-year average PE ratio of 7.8x.
- Analysts are expecting annual earnings growth of 68.8%, which is higher than its past year's earnings decline of 11.6% per year.
- Investors are most pessimistic about the Auto Parts and Equipment industry, which is trading below its 3-year average of 12.2x.
Forecasted Growth
- Analysts are most optimistic on the Tires and Rubber industry, expecting annual earnings growth of 69% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 6.1% 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 | |
|---|---|---|---|---|---|
| TKT T.Krungthai Industries | ฿1.84 | 10.8% +฿63.1m | -20.7% | PS0.5x | |
| PACO President Automobile Industries | ฿1.72 | 1.8% +฿30.0m | -25.2% | PE23.5x | |
| TRU Thai Rung Union Car | ฿3.44 | 1.2% +฿26.9m | -31.2% | PE12.6x | |
| IRC Inoue Rubber (Thailand) | ฿12.70 | 0.8% +฿19.7m | -5.9% | PE12.8x |