Narrative Update • Apr 23
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- 7D0.5%
- 3M7.0%
- 1Y27.4%
- YTD22.3%
Last week, the Oil and Gas industry hasn't moved much but PTT is up 3.5% in that time. As for the the longer term, the industry is up 27% over the past 12 months. Looking forward, earnings are forecast to grow by 9.4% 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 |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | ฿2.0t | ฿4.7t | ฿159.7b | 12x | 12.4x | 0.4x |
| Thu, 09 Apr 2026 | ฿1.9t | ฿4.7t | ฿162.4b | 12.4x | 11.9x | 0.4x |
| Sat, 07 Mar 2026 | ฿1.9t | ฿4.7t | ฿162.1b | 13x | 11.5x | 0.4x |
| Mon, 02 Feb 2026 | ฿1.8t | ฿4.8t | ฿145.1b | 10.2x | 12.1x | 0.4x |
| Wed, 31 Dec 2025 | ฿1.6t | ฿4.8t | ฿144.8b | 10.1x | 11.3x | 0.3x |
| Fri, 28 Nov 2025 | ฿1.6t | ฿5.0t | ฿143.6b | 10.1x | 10.9x | 0.3x |
| Sun, 26 Oct 2025 | ฿1.6t | ฿5.2t | ฿123.3b | 9.8x | 13.2x | 0.3x |
| Tue, 23 Sep 2025 | ฿1.7t | ฿5.2t | ฿121.7b | 10.4x | 13.8x | 0.3x |
| Thu, 21 Aug 2025 | ฿1.6t | ฿5.2t | ฿123.1b | 9.8x | 13.2x | 0.3x |
| Sat, 19 Jul 2025 | ฿1.6t | ฿5.5t | ฿156.4b | 9.9x | 10.5x | 0.3x |
| Mon, 16 Jun 2025 | ฿1.6t | ฿5.5t | ฿156.4b | 9.1x | 10.2x | 0.3x |
| Wed, 14 May 2025 | ฿1.6t | ฿5.6t | ฿164.6b | 8.8x | 9.5x | 0.3x |
| Fri, 11 Apr 2025 | ฿1.5t | ฿5.6t | ฿179.0b | 8.9x | 8.6x | 0.3x |
| Sun, 09 Mar 2025 | ฿1.6t | ฿5.6t | ฿178.2b | 9.3x | 8.7x | 0.3x |
| Tue, 04 Feb 2025 | ฿1.7t | ฿5.7t | ฿204.9b | 8.3x | 8.1x | 0.3x |
| Thu, 02 Jan 2025 | ฿1.7t | ฿5.7t | ฿204.9b | 9.2x | 8.3x | 0.3x |
| Sat, 30 Nov 2024 | ฿1.8t | ฿5.7t | ฿204.7b | 10.4x | 8.6x | 0.3x |
| Mon, 28 Oct 2024 | ฿1.8t | ฿5.7t | ฿268.9b | 8.1x | 6.7x | 0.3x |
| Wed, 25 Sep 2024 | ฿1.9t | ฿5.7t | ฿266.8b | 8.4x | 7.3x | 0.3x |
| Fri, 23 Aug 2024 | ฿1.9t | ฿5.7t | ฿268.2b | 8.5x | 7.1x | 0.3x |
| Sun, 21 Jul 2024 | ฿1.9t | ฿5.6t | ฿243.6b | 9.2x | 7.7x | 0.3x |
| Tue, 18 Jun 2024 | ฿1.9t | ฿5.6t | ฿244.5b | 8.9x | 7.6x | 0.3x |
| Thu, 16 May 2024 | ฿2.0t | ฿5.6t | ฿244.0b | 8.6x | 8.1x | 0.4x |
| Sat, 13 Apr 2024 | ฿2.1t | ฿5.5t | ฿241.3b | 12.3x | 8.5x | 0.4x |
| Mon, 11 Mar 2024 | ฿2.0t | ฿5.5t | ฿238.7b | 12.8x | 8.4x | 0.4x |
| Wed, 07 Feb 2024 | ฿2.0t | ฿5.4t | ฿219.8b | 10.4x | 9.1x | 0.4x |
| Fri, 05 Jan 2024 | ฿2.0t | ฿5.4t | ฿212.0b | 10.9x | 9.6x | 0.4x |
| Sun, 03 Dec 2023 | ฿2.0t | ฿5.4t | ฿212.8b | 10.6x | 9.5x | 0.4x |
| Tue, 31 Oct 2023 | ฿2.0t | ฿5.6t | ฿166.6b | 9.7x | 12.2x | 0.4x |
| Thu, 28 Sep 2023 | ฿2.1t | ฿5.6t | ฿173.7b | 10.2x | 11.9x | 0.4x |
| Sat, 26 Aug 2023 | ฿2.1t | ฿5.6t | ฿169.6b | 10.7x | 12.3x | 0.4x |
| Mon, 24 Jul 2023 | ฿2.0t | ฿5.9t | ฿256.7b | 8.9x | 8x | 0.3x |
| Wed, 21 Jun 2023 | ฿1.9t | ฿5.9t | ฿257.8b | 9.6x | 7.5x | 0.3x |
| Fri, 19 May 2023 | ฿1.9t | ฿5.9t | ฿256.3b | 9.7x | 7.4x | 0.3x |
Price to Earnings Ratio
7.4x
Current Industry PE
- Investors are optimistic on the Thai Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.4x which is higher than its 3-year average PE of 9.7x.
- 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 15% per year over the last three years,
- Revenues have also declined 7.3% 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 | -0.30% | |
| Energy | 0.49% | |
| Oil and Gas | 0.49% | |
| Integrated Oil and Gas | 3.55% | |
| Coal and Fuels | -2.36% | |
| Oil and Gas Storage and Transportation | -2.52% | |
| Oil and Gas Exploration and Production | -2.60% | |
| Oil and Gas Refining and Marketing | -2.85% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 22.5%, which is higher than its past year's earnings growth of 15.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 53% over the next 5 years.
- This is better than its past earnings decline of 52% per year.
- In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 4.3% 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 | ฿37.00 | 1.4% +฿14.2b | 19.4% | PE11.7x | |
| SUSCO Susco | ฿2.04 | 1.0% +฿19.0m | -30.1% | PE16.1x | |
| PTC Premier Tank Corporation | ฿0.59 | 1.7% +฿4.1m | -33.0% | PE32.6x |