Thai (SET) Energy Sector Analysis

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
Sun, 27 Nov 2022	฿2.2t	฿5.7t	฿299.3b	12.5x	7.4x	0.4x
Tue, 25 Oct 2022	฿2.2t	฿5.1t	฿309.6b	10.9x	7.1x	0.4x
Thu, 22 Sep 2022	฿2.3t	฿5.1t	฿306.8b	10.8x	7.4x	0.4x
Sat, 20 Aug 2022	฿2.2t	฿5.1t	฿303.4b	10.8x	7.3x	0.4x
Mon, 18 Jul 2022	฿2.0t	฿4.4t	฿225.3b	9.8x	9x	0.5x
Wed, 15 Jun 2022	฿2.2t	฿4.4t	฿222.4b	11.3x	10.1x	0.5x
Fri, 13 May 2022	฿2.1t	฿3.9t	฿211.9b	11.2x	10.1x	0.5x
Sun, 10 Apr 2022	฿2.1t	฿3.9t	฿212.3b	11.4x	10x	0.5x
Tue, 08 Mar 2022	฿2.2t	฿3.9t	฿210.5b	11.3x	10.3x	0.6x
Thu, 03 Feb 2022	฿2.1t	฿3.4t	฿192.2b	11.7x	10.8x	0.6x
Sat, 01 Jan 2022	฿2.0t	฿3.4t	฿184.1b	11.4x	10.9x	0.6x
Mon, 29 Nov 2021	฿2.0t	฿3.4t	฿184.5b	11.6x	10.7x	0.6x
Wed, 27 Oct 2021	฿2.1t	฿3.1t	฿162.8b	15.3x	13x	0.7x
Fri, 24 Sep 2021	฿2.0t	฿3.1t	฿163.1b	14.9x	12.5x	0.7x
Sun, 22 Aug 2021	฿1.8t	฿3.1t	฿161.7b	12.9x	11.1x	0.6x
Fri, 09 Jul 2021	฿2.0t	฿3.1t	฿161.7b	13.3x	12.6x	0.7x
Thu, 01 Apr 2021	฿2.1t	฿2.7t	฿128.4b	16.4x	16.2x	0.8x
Sun, 03 Jan 2021	฿2.0t	฿2.7t	฿31.4b	13.3x	63.8x	0.7x
Wed, 07 Oct 2020	฿1.5t	฿3.0t	฿30.5b	14.3x	49x	0.5x
Tue, 30 Jun 2020	฿1.8t	฿3.2t	฿36.7b	11x	48.1x	0.5x
Fri, 03 Apr 2020	฿1.4t	฿3.6t	฿66.6b	8.6x	20.7x	0.4x
Mon, 06 Jan 2020	฿2.2t	฿3.7t	฿144.8b	13.1x	15.3x	0.6x

Current Industry PE

Investors are pessimistic on the Thai Energy 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 7.4x which is lower than its 3-year average PE of 23.4x.

Past Earnings Growth

The earnings for companies in the Energy industry have grown 31% per year over the last three years.
Revenues for these companies have grown 14% 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?

Industry PE

Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 23.3x.

Forecasted Growth

Despite it being negative, analysts are least pessimistic on the Oil and Gas industry since they expect its earnings to decline by only 5.5% per year over the next 5 years, which isn't as bad as the other industries.
This is a reversal from its past annual earnings growth rate of 12% per year.

In contrast, the Oil and Gas industry is expected to see its earnings decline by 5.5% 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
PTT PTT	฿33.75	0.7% +฿7.1b	-8.8%	PE9.5x
BANPU Banpu	฿13.00	4.8% +฿5.1b	18.2%	PE2.4x
SPRC Star Petroleum Refining	฿11.80	2.6% +฿1.3b	23.6%	PE5.5x
IRPC IRPC	฿3.06	2.0% +฿1.2b	-22.3%	PE12.5x
TOP Thai Oil	฿55.00	0.9% +฿1.1b	10.6%	PE3.3x

Nov 26

Sector Valuation and Performance