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Thai (SET) Energy Sector Analysis
UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies29
- 7D0.5%
- 3M-5.3%
- 1Y-19.7%
- YTD-3.4%
Over the last 7 days, the Energy industry has remained flat, although notably Banpu declined by 4.6%. Unfortunately though, the industry is down 20% over the past 12 months. As for the next few years, earnings are expected to grow by 2.4% 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 |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | ฿1.7t | ฿5.7t | ฿206.4b | 7.5x | 8.1x | 0.3x |
| Tue, 14 Jan 2025 | ฿1.7t | ฿5.7t | ฿205.9b | 8.6x | 8.2x | 0.3x |
| Thu, 12 Dec 2024 | ฿1.8t | ฿5.7t | ฿203.7b | 9.2x | 8.6x | 0.3x |
| Sat, 09 Nov 2024 | ฿1.8t | ฿5.7t | ฿255.2b | 9.4x | 7.1x | 0.3x |
| Mon, 07 Oct 2024 | ฿1.9t | ฿5.7t | ฿267.9b | 8.6x | 7.2x | 0.3x |
| Wed, 04 Sep 2024 | ฿1.9t | ฿5.7t | ฿267.9b | 9x | 7x | 0.3x |
| Fri, 02 Aug 2024 | ฿1.9t | ฿5.6t | ฿244.8b | 9.2x | 7.7x | 0.3x |
| Sun, 30 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.2b | 9.5x | 7.9x | 0.3x |
| Tue, 28 May 2024 | ฿2.0t | ฿5.6t | ฿243.9b | 9.7x | 8.1x | 0.4x |
| Thu, 25 Apr 2024 | ฿2.0t | ฿5.5t | ฿242.6b | 13.9x | 8.4x | 0.4x |
| Sat, 23 Mar 2024 | ฿2.0t | ฿5.5t | ฿241.0b | 14.5x | 8.3x | 0.4x |
| Mon, 19 Feb 2024 | ฿2.1t | ฿5.5t | ฿239.3b | 11x | 8.7x | 0.4x |
| Wed, 17 Jan 2024 | ฿2.0t | ฿5.4t | ฿213.7b | 11.5x | 9.2x | 0.4x |
| Fri, 15 Dec 2023 | ฿2.0t | ฿5.4t | ฿212.4b | 10.4x | 9.4x | 0.4x |
| Sun, 12 Nov 2023 | ฿2.0t | ฿5.6t | ฿209.8b | 9.8x | 9.5x | 0.4x |
| Tue, 10 Oct 2023 | ฿2.0t | ฿5.6t | ฿175.2b | 9.9x | 11.5x | 0.4x |
| Thu, 07 Sep 2023 | ฿2.1t | ฿5.6t | ฿170.6b | 11.1x | 12.3x | 0.4x |
| Sat, 05 Aug 2023 | ฿2.1t | ฿5.9t | ฿256.3b | 10.1x | 8.1x | 0.4x |
| Mon, 03 Jul 2023 | ฿2.0t | ฿5.9t | ฿259.7b | 9.7x | 7.6x | 0.3x |
| Wed, 31 May 2023 | ฿1.9t | ฿5.9t | ฿257.8b | 10.2x | 7.2x | 0.3x |
| Fri, 28 Apr 2023 | ฿1.9t | ฿5.9t | ฿264.8b | 12x | 7.2x | 0.3x |
| Sun, 26 Mar 2023 | ฿1.9t | ฿5.9t | ฿264.9b | 10.8x | 7.2x | 0.3x |
| Tue, 21 Feb 2023 | ฿2.1t | ฿5.8t | ฿274.9b | 10.7x | 7.6x | 0.4x |
| Thu, 19 Jan 2023 | ฿2.2t | ฿5.6t | ฿291.1b | 11.2x | 7.4x | 0.4x |
| Sat, 17 Dec 2022 | ฿2.1t | ฿5.7t | ฿297.5b | 10.7x | 7.1x | 0.4x |
| Mon, 14 Nov 2022 | ฿2.3t | ฿5.6t | ฿303.8b | 10.9x | 7.5x | 0.4x |
| Wed, 12 Oct 2022 | ฿2.2t | ฿5.1t | ฿309.2b | 10.9x | 7x | 0.4x |
| Fri, 09 Sep 2022 | ฿2.2t | ฿5.1t | ฿305.8b | 10.5x | 7.1x | 0.4x |
| Sun, 07 Aug 2022 | ฿2.1t | ฿4.4t | ฿237.9b | 10.1x | 8.8x | 0.5x |
| Tue, 05 Jul 2022 | ฿2.1t | ฿4.4t | ฿223.6b | 10.4x | 9.4x | 0.5x |
| Thu, 02 Jun 2022 | ฿2.3t | ฿4.4t | ฿221.4b | 11.5x | 10.2x | 0.5x |
| Sat, 30 Apr 2022 | ฿2.2t | ฿11.6t | ฿1.5t | 10.9x | 1.4x | 0.2x |
| Mon, 28 Mar 2022 | ฿2.2t | ฿3.9t | ฿212.3b | 11.4x | 10.3x | 0.6x |
| Wed, 23 Feb 2022 | ฿2.1t | ฿3.8t | ฿204.4b | 12.3x | 10.2x | 0.6x |
Price to Earnings Ratio
10.2x
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 8.5x.
- The industry is trading close to its 3-year average PS ratio of 0.38x.
Past Earnings Growth
- The earnings for companies in the Energy industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 15% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Thai Energy sector?
| TH Market | -0.76% | |
| Energy | 0.51% | |
| Oil and Gas | 0.51% | |
| Energy Services | 0.45% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 8.5x.
- Analysts are expecting annual earnings growth of 2.4%, 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 2.4% 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 grow by 2.4% 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 | ฿31.00 | 0.8% +฿7.1b | -13.3% | PE7.8x | |
| BCP Bangchak Corporation | ฿38.00 | 6.3% +฿3.1b | -15.6% | PE75.9x | |
| PTTEP PTT Exploration and Production | ฿126.00 | 0.4% +฿2.0b | -18.7% | PE6.7x | |
| PRM Prima Marine | ฿7.60 | 1.3% +฿232.7m | 20.6% | PE7.4x | |
| TOP Thai Oil | ฿24.60 | 0.4% +฿223.4m | -57.9% | PE5.5x |