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Thai (SET) Energy Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies29
- 7D-1.2%
- 3M-9.0%
- 1Y-15.1%
- YTD-2.6%
Over the last 7 days, the Energy industry has remained flat, although notably Thai Oil gained 4.9%. As for the longer term, the industry has declined 15% in the last year. As for the next few years, earnings are expected to grow by 1.9% per annum.
Sector Valuation and Performance
Has the Thai Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | ฿1.7t | ฿5.7t | ฿204.7b | 8x | 8.2x | 0.3x |
| Thu, 19 Dec 2024 | ฿1.7t | ฿5.7t | ฿204.6b | 9x | 8.4x | 0.3x |
| Sat, 16 Nov 2024 | ฿1.8t | ฿5.7t | ฿205.9b | 10.2x | 8.5x | 0.3x |
| Mon, 14 Oct 2024 | ฿1.9t | ฿5.7t | ฿267.5b | 8.5x | 7.1x | 0.3x |
| Wed, 11 Sep 2024 | ฿1.9t | ฿5.7t | ฿269.0b | 9.2x | 7.1x | 0.3x |
| Fri, 09 Aug 2024 | ฿1.9t | ฿5.6t | ฿247.4b | 9.2x | 7.6x | 0.3x |
| Sun, 07 Jul 2024 | ฿2.0t | ฿5.6t | ฿243.5b | 9.4x | 8x | 0.4x |
| Tue, 04 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.5b | 9.6x | 8x | 0.3x |
| Thu, 02 May 2024 | ฿2.0t | ฿5.5t | ฿241.5b | 13.9x | 8.3x | 0.4x |
| Sat, 30 Mar 2024 | ฿2.0t | ฿5.5t | ฿240.9b | 14.4x | 8.4x | 0.4x |
| Mon, 26 Feb 2024 | ฿2.1t | ฿5.5t | ฿240.0b | 13.5x | 8.6x | 0.4x |
| Wed, 24 Jan 2024 | ฿2.0t | ฿5.5t | ฿214.5b | 10.4x | 9.2x | 0.4x |
| Fri, 22 Dec 2023 | ฿2.0t | ฿5.4t | ฿212.6b | 10.9x | 9.4x | 0.4x |
| Sun, 19 Nov 2023 | ฿2.0t | ฿5.4t | ฿213.1b | 11.6x | 9.6x | 0.4x |
| Tue, 17 Oct 2023 | ฿2.1t | ฿5.6t | ฿172.7b | 10.4x | 11.9x | 0.4x |
| Thu, 14 Sep 2023 | ฿2.1t | ฿5.6t | ฿171.1b | 11.1x | 12.1x | 0.4x |
| Sat, 12 Aug 2023 | ฿2.1t | ฿5.8t | ฿201.8b | 10.8x | 10.6x | 0.4x |
| Mon, 10 Jul 2023 | ฿2.0t | ฿5.9t | ฿259.1b | 9.6x | 7.6x | 0.3x |
| Wed, 07 Jun 2023 | ฿1.9t | ฿5.9t | ฿257.9b | 10x | 7.2x | 0.3x |
| Fri, 05 May 2023 | ฿1.9t | ฿5.9t | ฿272.3b | 11.9x | 6.9x | 0.3x |
| Sun, 02 Apr 2023 | ฿2.0t | ฿5.9t | ฿265.1b | 13.3x | 7.4x | 0.3x |
| Tue, 28 Feb 2023 | ฿2.0t | ฿5.9t | ฿270.3b | 9.7x | 7.4x | 0.3x |
| Thu, 26 Jan 2023 | ฿2.2t | ฿5.6t | ฿290.5b | 11.4x | 7.5x | 0.4x |
| Sat, 24 Dec 2022 | ฿2.1t | ฿5.7t | ฿296.8b | 10.4x | 7.1x | 0.4x |
| Mon, 21 Nov 2022 | ฿2.2t | ฿5.7t | ฿302.6b | 12.3x | 7.3x | 0.4x |
| Wed, 19 Oct 2022 | ฿2.2t | ฿5.1t | ฿309.3b | 11x | 7x | 0.4x |
| Fri, 16 Sep 2022 | ฿2.2t | ฿5.1t | ฿305.8b | 11x | 7.3x | 0.4x |
| Sun, 14 Aug 2022 | ฿2.2t | ฿5.0t | ฿265.7b | 10.2x | 8.2x | 0.4x |
| Tue, 12 Jul 2022 | ฿2.1t | ฿4.4t | ฿224.0b | 10x | 9.3x | 0.5x |
| Thu, 09 Jun 2022 | ฿2.3t | ฿4.4t | ฿221.5b | 11.4x | 10.3x | 0.5x |
| Sat, 07 May 2022 | ฿2.2t | ฿3.9t | ฿211.6b | 11.5x | 10.3x | 0.6x |
| Mon, 04 Apr 2022 | ฿2.2t | ฿3.9t | ฿212.1b | 11.7x | 10.2x | 0.6x |
| Wed, 02 Mar 2022 | ฿2.1t | ฿3.9t | ฿210.3b | 11.6x | 10.1x | 0.5x |
| Fri, 28 Jan 2022 | ฿2.1t | ฿3.4t | ฿183.8b | 11.6x | 11.2x | 0.6x |
Price to Earnings Ratio
11.2x
Current Industry PE
- Investors are relatively neutral on the Thai Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 8.6x.
- The industry is trading close to its 3-year average PS ratio of 0.39x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 3.7% per year over the last three years.
- Revenues for these companies have grown 19% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Energy sector?
| TH Market | -1.08% | |
| Energy | -1.18% | |
| Oil and Gas | -1.17% | |
| Energy Services | -4.66% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 8.6x.
- Analysts are expecting annual earnings growth of 1.9%, which is higher than its past year's earnings decline of 2.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 1.9% over the next 5 years.
- This is better than its past earnings decline of 2.4% per year.
- In contrast, the Oil and Gas 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 | |
|---|---|---|---|---|---|
| PTT PTT | ฿31.25 | 3.3% +฿28.6b | -8.1% | PE7.9x | |
| IRPC IRPC | ฿1.17 | 3.5% +฿816.4m | -38.7% | PS0.07x | |
| BBGI BBGI | ฿4.50 | 3.7% +฿231.4m | 13.6% | PE28.8x | |
| SUSCO Susco | ฿2.82 | 2.2% +฿55.1m | -41.5% | PE12.4x | |
| SEAOIL Sea Oil | ฿2.58 | 1.6% +฿29.6m | -10.4% | PE5.9x |