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Thai (SET) Hospitality Industry Analysis
UpdatedJan 24, 2025
DataAggregated Company Financials
Companies23
- 7D-1.5%
- 3M-14.1%
- 1Y-22.9%
- YTD-10.5%
The Hospitality industry has stayed flat over the last week. Unfortunately though, the industry is down 21% over the past 12 months. Earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Fri, 24 Jan 2025 | ฿370.3b | ฿281.0b | ฿13.4b | 26.4x | 27.7x | 1.3x |
| Sun, 22 Dec 2024 | ฿404.1b | ฿281.0b | ฿13.4b | 27.4x | 30.3x | 1.4x |
| Tue, 19 Nov 2024 | ฿422.1b | ฿281.4b | ฿13.2b | 27.9x | 32.1x | 1.5x |
| Thu, 17 Oct 2024 | ฿456.1b | ฿278.8b | ฿15.4b | 23.5x | 29.5x | 1.6x |
| Sat, 14 Sep 2024 | ฿437.9b | ฿278.8b | ฿15.4b | 23x | 28.4x | 1.6x |
| Mon, 12 Aug 2024 | ฿396.0b | ฿277.3b | ฿15.3b | 20.3x | 25.9x | 1.4x |
| Wed, 10 Jul 2024 | ฿451.8b | ฿273.3b | ฿15.8b | 22.4x | 28.6x | 1.7x |
| Fri, 07 Jun 2024 | ฿464.6b | ฿272.2b | ฿15.7b | 22x | 29.5x | 1.7x |
| Sun, 05 May 2024 | ฿506.8b | ฿264.0b | ฿12.5b | 25.4x | 40.6x | 1.9x |
| Tue, 02 Apr 2024 | ฿502.7b | ฿264.0b | ฿12.5b | 26x | 40.3x | 1.9x |
| Thu, 29 Feb 2024 | ฿489.6b | ฿263.3b | ฿12.9b | 25.9x | 37.8x | 1.9x |
| Sat, 27 Jan 2024 | ฿490.1b | ฿268.7b | ฿15.4b | 24.8x | 31.8x | 1.8x |
| Mon, 25 Dec 2023 | ฿468.5b | ฿268.7b | ฿15.4b | 24.2x | 30.4x | 1.7x |
| Wed, 22 Nov 2023 | ฿492.1b | ฿268.6b | ฿15.5b | 25x | 31.8x | 1.8x |
| Fri, 20 Oct 2023 | ฿495.3b | ฿260.1b | ฿17.9b | 27.3x | 27.7x | 1.9x |
| Sun, 17 Sep 2023 | ฿539.0b | ฿260.1b | ฿17.9b | 28.6x | 30.2x | 2.1x |
| Tue, 15 Aug 2023 | ฿542.7b | ฿259.3b | ฿17.2b | 29.8x | 31.5x | 2.1x |
| Thu, 13 Jul 2023 | ฿542.5b | ฿246.9b | ฿14.3b | 31.6x | 38x | 2.2x |
| Sat, 10 Jun 2023 | ฿585.7b | ฿246.9b | ฿14.3b | 36.2x | 41x | 2.4x |
| Mon, 08 May 2023 | ฿594.6b | ฿224.5b | ฿8.1b | 67.8x | 73.5x | 2.6x |
| Wed, 05 Apr 2023 | ฿611.6b | ฿224.4b | ฿8.1b | 67.6x | 75.7x | 2.7x |
| Fri, 03 Mar 2023 | ฿616.9b | ฿216.4b | ฿6.4b | 45.9x | 96x | 2.9x |
| Sun, 29 Jan 2023 | ฿628.7b | ฿201.3b | ฿1.4b | 38.7x | 464.8x | 3.1x |
| Tue, 27 Dec 2022 | ฿600.1b | ฿201.3b | ฿1.4b | 37.1x | 443.7x | 3x |
| Thu, 24 Nov 2022 | ฿596.4b | ฿201.3b | ฿1.4b | 37.8x | 440.9x | 3x |
| Sat, 22 Oct 2022 | ฿568.3b | ฿173.4b | -฿7,086,612,973.00 | 47.8x | -80.2x | 3.3x |
| Mon, 19 Sep 2022 | ฿565.6b | ฿173.4b | -฿7,086,612,973.00 | 44.6x | -79.8x | 3.3x |
| Wed, 17 Aug 2022 | ฿569.5b | ฿172.0b | -฿8,362,401,430.00 | 50.1x | -68.1x | 3.3x |
| Fri, 15 Jul 2022 | ฿532.5b | ฿146.5b | -฿17,785,887,583.00 | 60.4x | -29.9x | 3.6x |
| Sun, 12 Jun 2022 | ฿560.3b | ฿146.5b | -฿17,785,887,583.00 | 60.7x | -31.5x | 3.8x |
| Tue, 10 May 2022 | ฿543.3b | ฿131.6b | -฿23,225,218,876.00 | 113.8x | -23.4x | 4.1x |
| Thu, 07 Apr 2022 | ฿542.5b | ฿131.5b | -฿23,247,904,876.00 | 115.4x | -23.3x | 4.1x |
| Sat, 05 Mar 2022 | ฿519.7b | ฿131.5b | -฿23,247,904,876.00 | 117.3x | -22.4x | 4x |
| Mon, 31 Jan 2022 | ฿503.0b | ฿122.8b | -฿32,539,990,289.00 | 68.6x | -15.5x | 4.1x |
Price to Earnings Ratio
-15.5x
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 28.0x which is lower than its 3-year average PE of 67.3x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.3x.
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 32% 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 | -0.59% | |
| Consumer Discretionary | -2.50% | |
| Hospitality | -1.45% | |
| Casinos and Gaming | 0% | 0 |
| Leisure Facilities | 0% | 0 |
| Hotels, Resorts and Cruise Lines | -0.76% | |
| Restaurants | -4.06% | |
Industry PE
- Investors are most optimistic about the Leisure Facilities industry even though it's trading below its 3-year average PE ratio of 42.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Restaurants industry, which is trading below its 3-year average of 46.9x.
Forecasted Growth
- Analysts are most optimistic on the Hotels, Resorts and Cruise Lines industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 7.7% per year.
- In contrast, the Restaurants industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| ERW Erawan Group | ฿3.38 | 8.3% +฿1.3b | -34.4% | PE14.8x | |
| CENTEL Central Plaza Hotel | ฿30.50 | 1.7% +฿675.0m | -28.2% | PE27.3x | |
| DUSIT Dusit Thani | ฿10.40 | 3.0% +฿253.6m | 25.3% | PS1.3x | |
| SHR S Hotels and Resorts | ฿2.06 | 3.5% +฿251.6m | -14.2% | PE147x | |
| MAGURO Maguro Group | ฿21.10 | 9.3% +฿226.8m | n/a | PE34.9x |