Narrative Update • Jun 16
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- 7D-2.8%
- 3M-7.7%
- 1Y17.0%
- YTD12.4%
Over the last 7 days, the Oil and Gas industry has dropped 1.2%, driven by PTT declining 2.8%. Over the past 12 months, the industry was up 19%. Earnings are forecast to grow by 4.2% annually.
Industry Valuation and Performance
Has the Thai Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jun 2026 | ฿1.8t | ฿4.8t | ฿202.0b | 10.6x | 9x | 0.4x |
| Sun, 24 May 2026 | ฿2.0t | ฿4.7t | ฿200.7b | 11.3x | 10x | 0.4x |
| Tue, 21 Apr 2026 | ฿1.9t | ฿4.7t | ฿162.6b | 12.6x | 11.5x | 0.4x |
| Thu, 19 Mar 2026 | ฿1.9t | ฿4.7t | ฿163.3b | 12.4x | 11.5x | 0.4x |
| Sat, 14 Feb 2026 | ฿1.9t | ฿4.8t | ฿144.4b | 10.5x | 13.2x | 0.4x |
| Mon, 12 Jan 2026 | ฿1.6t | ฿4.8t | ฿144.8b | 10.2x | 11.3x | 0.3x |
| Wed, 10 Dec 2025 | ฿1.6t | ฿4.8t | ฿145.6b | 10.1x | 10.9x | 0.3x |
| Fri, 07 Nov 2025 | ฿1.6t | ฿5.2t | ฿123.9b | 9.8x | 12.7x | 0.3x |
| Sun, 05 Oct 2025 | ฿1.7t | ฿5.2t | ฿122.6b | 10x | 13.5x | 0.3x |
| Tue, 02 Sep 2025 | ฿1.6t | ฿5.2t | ฿122.6b | 9.6x | 13.2x | 0.3x |
| Thu, 31 Jul 2025 | ฿1.7t | ฿5.5t | ฿148.7b | 10x | 11.7x | 0.3x |
| Sat, 28 Jun 2025 | ฿1.5t | ฿5.5t | ฿156.9b | 8.4x | 9.7x | 0.3x |
| Mon, 26 May 2025 | ฿1.5t | ฿5.5t | ฿156.7b | 9.5x | 9.9x | 0.3x |
| Wed, 23 Apr 2025 | ฿1.5t | ฿5.6t | ฿177.1b | 8.5x | 8.6x | 0.3x |
| Fri, 21 Mar 2025 | ฿1.6t | ฿5.6t | ฿178.3b | 9.2x | 9x | 0.3x |
| Sun, 16 Feb 2025 | ฿1.7t | ฿5.7t | ฿206.4b | 7.5x | 8x | 0.3x |
| Tue, 14 Jan 2025 | ฿1.7t | ฿5.7t | ฿205.9b | 9x | 8.2x | 0.3x |
| Thu, 12 Dec 2024 | ฿1.8t | ฿5.7t | ฿203.7b | 9.8x | 8.6x | 0.3x |
| Sat, 09 Nov 2024 | ฿1.8t | ฿5.7t | ฿255.3b | 9.3x | 7.1x | 0.3x |
| Mon, 07 Oct 2024 | ฿1.9t | ฿5.7t | ฿267.9b | 8.2x | 7.1x | 0.3x |
| Wed, 04 Sep 2024 | ฿1.9t | ฿5.7t | ฿267.9b | 8.8x | 7x | 0.3x |
| Fri, 02 Aug 2024 | ฿1.9t | ฿5.6t | ฿245.1b | 9x | 7.7x | 0.3x |
| Sun, 30 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.4b | 9.5x | 7.9x | 0.3x |
| Tue, 28 May 2024 | ฿2.0t | ฿5.6t | ฿244.2b | 8.7x | 8.1x | 0.4x |
| Thu, 25 Apr 2024 | ฿2.0t | ฿5.5t | ฿242.8b | 11.8x | 8.3x | 0.4x |
| Sat, 23 Mar 2024 | ฿2.0t | ฿5.5t | ฿241.2b | 13x | 8.3x | 0.4x |
| Mon, 19 Feb 2024 | ฿2.1t | ฿5.5t | ฿239.5b | 10.7x | 8.6x | 0.4x |
| Wed, 17 Jan 2024 | ฿2.0t | ฿5.4t | ฿213.9b | 10.7x | 9.2x | 0.4x |
| Fri, 15 Dec 2023 | ฿2.0t | ฿5.4t | ฿212.6b | 10.3x | 9.4x | 0.4x |
| Sun, 12 Nov 2023 | ฿2.0t | ฿5.6t | ฿209.9b | 9.3x | 9.5x | 0.4x |
| Tue, 10 Oct 2023 | ฿2.0t | ฿5.6t | ฿175.3b | 9.7x | 11.5x | 0.4x |
| Thu, 07 Sep 2023 | ฿2.1t | ฿5.6t | ฿170.8b | 11x | 12.3x | 0.4x |
| Sat, 05 Aug 2023 | ฿2.1t | ฿5.9t | ฿256.3b | 9.6x | 8.1x | 0.4x |
| Mon, 03 Jul 2023 | ฿2.0t | ฿5.9t | ฿259.7b | 9.2x | 7.5x | 0.3x |
Price to Earnings Ratio
7.5x
Current Industry PE
- Investors are relatively neutral on the Thai Oil and Gas 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 9.8x.
- The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 8.0% per year over the last three years,
- Revenues have also declined 7.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Energy industry?
| TH Market | -1.66% | |
| Energy | -2.75% | |
| Oil and Gas | -2.75% | |
| Oil and Gas Refining and Marketing | -0.47% | |
| Oil and Gas Storage and Transportation | -0.49% | |
| Integrated Oil and Gas | -2.82% | |
| Coal and Fuels | -3.26% | |
| Oil and Gas Exploration and Production | -3.72% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 9.9x.
- Analysts are expecting annual earnings growth of 7.2%, which is higher than its past year's earnings decline of 10.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 54% over the next 5 years.
- This is better than its past earnings decline of 52% per year.
- In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings decline by 19% 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 | |
|---|---|---|---|---|---|
| TOP Thai Oil | ฿46.75 | 3.9% +฿3.9b | 74.8% | PE3.4x | |
| SPRC Star Petroleum Refining | ฿7.50 | 6.4% +฿2.0b | 54.3% | PE3.5x | |
| IRPC IRPC | ฿1.76 | 1.7% +฿612.3m | 137.8% | PE6.5x | |
| PRM Prima Marine | ฿8.85 | 0.6% +฿111.0m | 58.0% | PE9.6x | |
| WP WP Energy | ฿3.72 | 5.1% +฿91.9m | 3.3% | PE11.9x |