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Thai (SET) Oil and Gas Industry Analysis
UpdatedOct 26, 2024
DataAggregated Company Financials
Companies26
- 7D-2.3%
- 3M-2.2%
- 1Y-11.0%
- YTD-10.9%
Over the last 7 days, the Oil and Gas industry has dropped 2.3%, driven by declines in PTT and PTT Exploration and Production of 1.5% and 2.3%, respectively. However, the industry is down 11% over the past year. Looking forward, earnings are forecast to decline by 3.7% per year.
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 |
|---|---|---|---|---|---|---|
| Sat, 26 Oct 2024 | ฿1.8t | ฿5.7t | ฿269.2b | 8.1x | 6.7x | 0.3x |
| Mon, 23 Sep 2024 | ฿1.9t | ฿5.7t | ฿267.0b | 8.4x | 7.1x | 0.3x |
| Wed, 21 Aug 2024 | ฿1.9t | ฿5.7t | ฿267.7b | 8.5x | 7.1x | 0.3x |
| Fri, 19 Jul 2024 | ฿1.9t | ฿5.6t | ฿242.6b | 9.2x | 7.9x | 0.3x |
| Sun, 16 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.3b | 9.2x | 7.7x | 0.3x |
| Tue, 14 May 2024 | ฿2.0t | ฿5.6t | ฿243.8b | 9.7x | 8.1x | 0.4x |
| Thu, 11 Apr 2024 | ฿2.1t | ฿5.5t | ฿241.2b | 12.2x | 8.6x | 0.4x |
| Sat, 09 Mar 2024 | ฿2.0t | ฿5.5t | ฿238.8b | 12.8x | 8.4x | 0.4x |
| Mon, 05 Feb 2024 | ฿2.0t | ฿5.4t | ฿219.6b | 10.4x | 9.1x | 0.4x |
| Wed, 03 Jan 2024 | ฿2.0t | ฿5.4t | ฿211.4b | 10.8x | 9.6x | 0.4x |
| Fri, 01 Dec 2023 | ฿2.0t | ฿5.4t | ฿213.7b | 10.4x | 9.4x | 0.4x |
| Sun, 29 Oct 2023 | ฿2.0t | ฿5.6t | ฿167.0b | 9.5x | 12.2x | 0.4x |
| Tue, 26 Sep 2023 | ฿2.0t | ฿5.6t | ฿172.5b | 10.4x | 11.8x | 0.4x |
| Thu, 24 Aug 2023 | ฿2.1t | ฿5.6t | ฿169.7b | 10.2x | 12.3x | 0.4x |
| Sat, 22 Jul 2023 | ฿2.0t | ฿5.9t | ฿256.8b | 8.9x | 8x | 0.3x |
| Mon, 19 Jun 2023 | ฿1.9t | ฿5.9t | ฿257.6b | 9.6x | 7.5x | 0.3x |
| Wed, 17 May 2023 | ฿1.9t | ฿5.9t | ฿256.3b | 10.6x | 7.5x | 0.3x |
| Fri, 14 Apr 2023 | ฿2.0t | ฿5.9t | ฿264.6b | 9.8x | 7.6x | 0.3x |
| Sun, 12 Mar 2023 | ฿1.9t | ฿5.9t | ฿267.1b | 9.6x | 7.2x | 0.3x |
| Tue, 07 Feb 2023 | ฿2.1t | ฿5.6t | ฿293.3b | 10.7x | 7.1x | 0.4x |
| Thu, 05 Jan 2023 | ฿2.1t | ฿5.6t | ฿294.4b | 10.2x | 7.1x | 0.4x |
| Sat, 03 Dec 2022 | ฿2.2t | ฿5.7t | ฿296.4b | 10.9x | 7.4x | 0.4x |
| Mon, 31 Oct 2022 | ฿2.3t | ฿5.2t | ฿323.5b | 10.3x | 7x | 0.4x |
| Wed, 28 Sep 2022 | ฿2.2t | ฿5.1t | ฿309.0b | 10.6x | 7.1x | 0.4x |
| Fri, 26 Aug 2022 | ฿2.3t | ฿5.1t | ฿304.5b | 10.5x | 7.5x | 0.4x |
| Sun, 24 Jul 2022 | ฿2.1t | ฿4.4t | ฿225.4b | 9.7x | 9.3x | 0.5x |
| Tue, 21 Jun 2022 | ฿2.1t | ฿4.4t | ฿223.1b | 10.6x | 9.2x | 0.5x |
| Thu, 19 May 2022 | ฿2.2t | ฿4.4t | ฿221.9b | 11.2x | 9.8x | 0.5x |
| Sat, 16 Apr 2022 | ฿2.1t | ฿3.9t | ฿212.6b | 11x | 9.8x | 0.5x |
| Mon, 14 Mar 2022 | ฿2.2t | ฿3.9t | ฿211.0b | 10.9x | 10.4x | 0.6x |
| Wed, 09 Feb 2022 | ฿2.2t | ฿3.4t | ฿192.0b | 12.3x | 11.2x | 0.6x |
| Fri, 07 Jan 2022 | ฿2.1t | ฿3.4t | ฿183.9b | n/a | 11.2x | 0.6x |
| Sun, 05 Dec 2021 | ฿2.0t | ฿3.4t | ฿184.8b | 11.2x | 10.6x | 0.6x |
| Tue, 02 Nov 2021 | ฿2.0t | ฿3.1t | ฿165.3b | 12.9x | 12.3x | 0.7x |
Price to Earnings Ratio
12.3x
Current Industry PE
- Investors are pessimistic on the Thai Oil and Gas 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 6.7x which is lower than its 3-year average PE of 8.8x.
- The industry is trading close to its 3-year average PS ratio of 0.41x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 23% 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 industry?
| TH Market | -1.76% | |
| Energy | -2.35% | |
| Oil and Gas | -2.35% | |
| Oil and Gas Storage and Transportation | 1.15% | |
| Integrated Oil and Gas | -1.48% | |
| Coal and Fuels | -2.05% | |
| Oil and Gas Exploration and Production | -2.33% | |
| Oil and Gas Refining and Marketing | -6.16% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry even though it's trading below its 3-year average PE ratio of 11.4x.
- Analysts are expecting annual earnings growth of 9.5%, which is higher than its past year's earnings decline of 16.4% per year.
- Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.5x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 15% over the next 5 years.
- In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings decline by 7.8% 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 | |
|---|---|---|---|---|---|
| PRM Prima Marine | ฿8.65 | 3.0% +฿581.8m | 41.8% | PE8.8x | |
| BBGI BBGI | ฿6.65 | 3.1% +฿289.2m | 66.3% | PE40x | |
| TAE Thai Agro Energy | ฿0.89 | 1.1% +฿10.0m | -20.5% | PS0.4x | |
| ABM Asia Biomass | ฿1.30 | 0.8% +฿4.0m | -17.7% | PS0.2x |