Thai (SET) Food Industry Analysis
UpdatedSep 27, 2023
DataAggregated Company Financials
Companies61
- 7D-1.1%
- 3M3.3%
- 1Y-8.0%
- YTD-11.4%
The Food industry is down 1.1% over the last week with Thai Coconut the worst performer, down 9.3%. Overall the industry is down 8.0% in 12 months. As for the next few years, earnings are expected to grow by 30% per annum.
Industry Valuation and Performance
Has the Thai Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 Sep 2023 | ฿803.8b | ฿1.3t | ฿40.4b | 20x | 19.9x | 0.6x |
| Sat, 26 Aug 2023 | ฿799.6b | ฿1.3t | ฿41.1b | 19.3x | 19.5x | 0.6x |
| Mon, 24 Jul 2023 | ฿764.8b | ฿1.3t | ฿51.7b | 20.3x | 14.8x | 0.6x |
| Wed, 21 Jun 2023 | ฿816.0b | ฿1.3t | ฿51.7b | 19.4x | 15.8x | 0.6x |
| Fri, 19 May 2023 | ฿780.8b | ฿1.3t | ฿51.5b | 18x | 15.2x | 0.6x |
| Sun, 16 Apr 2023 | ฿803.4b | ฿1.3t | ฿60.0b | 16.1x | 13.4x | 0.6x |
| Tue, 14 Mar 2023 | ฿848.3b | ฿1.3t | ฿59.6b | 16.2x | 14.2x | 0.7x |
| Thu, 09 Feb 2023 | ฿889.9b | ฿1.2t | ฿64.3b | 15.8x | 13.8x | 0.7x |
| Sat, 07 Jan 2023 | ฿868.6b | ฿1.2t | ฿64.3b | 15.6x | 13.5x | 0.7x |
| Mon, 05 Dec 2022 | ฿793.6b | ฿1.2t | ฿58.8b | 15.8x | 13.5x | 0.7x |
| Wed, 02 Nov 2022 | ฿742.1b | ฿1.0t | ฿37.6b | 18x | 19.7x | 0.7x |
| Fri, 30 Sep 2022 | ฿728.1b | ฿1.0t | ฿37.0b | 18.3x | 19.7x | 0.7x |
| Sun, 28 Aug 2022 | ฿730.0b | ฿1.0t | ฿36.4b | 17.7x | 20.1x | 0.7x |
| Tue, 26 Jul 2022 | ฿696.2b | ฿989.9b | ฿35.5b | 17.7x | 19.6x | 0.7x |
| Thu, 23 Jun 2022 | ฿735.7b | ฿989.9b | ฿35.5b | 18.5x | 20.7x | 0.7x |
| Sat, 21 May 2022 | ฿714.0b | ฿987.7b | ฿35.2b | 18.9x | 20.3x | 0.7x |
| Mon, 18 Apr 2022 | ฿689.5b | ฿944.8b | ฿37.4b | 18.8x | 18.4x | 0.7x |
| Wed, 16 Mar 2022 | ฿698.5b | ฿944.2b | ฿37.3b | 18.7x | 18.7x | 0.7x |
| Fri, 11 Feb 2022 | ฿739.7b | ฿937.8b | ฿36.7b | 19.1x | 20.1x | 0.8x |
| Sun, 09 Jan 2022 | ฿765.2b | ฿933.1b | ฿36.5b | 19x | 21x | 0.8x |
| Tue, 07 Dec 2021 | ฿709.1b | ฿932.3b | ฿36.5b | 18.7x | 19.5x | 0.8x |
| Thu, 04 Nov 2021 | ฿722.2b | ฿957.5b | ฿51.3b | 16.9x | 14.1x | 0.8x |
| Sat, 02 Oct 2021 | ฿733.6b | ฿957.5b | ฿51.3b | 17.4x | 14.3x | 0.8x |
| Mon, 30 Aug 2021 | ฿749.4b | ฿957.4b | ฿51.3b | 17.5x | 14.6x | 0.8x |
| Tue, 06 Jul 2021 | ฿724.2b | ฿952.6b | ฿51.1b | 16.5x | 14.2x | 0.8x |
| Fri, 09 Apr 2021 | ฿705.0b | ฿952.0b | ฿51.3b | 14.6x | 13.7x | 0.7x |
| Thu, 31 Dec 2020 | ฿615.0b | ฿970.8b | ฿49.2b | 15.1x | 12.5x | 0.6x |
| Sun, 04 Oct 2020 | ฿601.6b | ฿967.0b | ฿43.6b | 15.7x | 13.8x | 0.6x |
Price to Earnings Ratio
13.8x
Current Industry PE
- Investors are optimistic on the Thai Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.9x which is higher than its 3-year average PE of 16.1x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 2.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% 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 Staples industry?
| TH Market | -1.90% | |
| Consumer Staples | -1.91% | |
| Food | -1.10% | |
| Packaged Foods and Meats | -1.03% | |
| Agricultural Products | -4.82% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 37.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Packaged Foods and Meats industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.0x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 9.6% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 30% 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 | |
|---|---|---|---|---|---|
| ICHI Ichitan Group | ฿17.10 | 7.5% +฿1.6b | 97.7% | PE25.8x | |
| AAI Asian Alliance International | ฿4.08 | 13.3% +฿1.0b | n/a | PE14.6x | |
| TU Thai Union Group | ฿14.30 | 1.4% +฿891.0m | -23.5% | PE11.5x | |
| SNNP Srinanaporn Marketing | ฿21.60 | 4.3% +฿864.0m | 27.8% | PE34.3x | |
| CPF Charoen Pokphand Foods | ฿20.30 | 0.5% +฿824.3m | -18.1% | PE58.6x |