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Thai (SET) Financials Sector Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies72
  • 7D0.9%
  • 3M-3.7%
  • 1Y-3.9%
  • YTD-9.8%

The Financials is pretty flat in the last 7 days, but Ngern Tid Lor has stood out, gaining 4.7%. Unfortunately though, the industry is down 3.9% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Thai Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022฿3.0t฿1.0t฿234.5b13.2x12.8x2.9x
Thu, 27 Oct 2022฿3.0t฿1.0t฿221.7b12.6x13.5x2.9x
Sat, 24 Sep 2022฿3.1t฿1.0t฿210.6b13.6x14.8x3.1x
Mon, 22 Aug 2022฿3.0t฿1.0t฿211.1b13.4x14.4x3x
Wed, 20 Jul 2022฿2.6t฿889.6b฿204.1b11.9x13x3x
Fri, 17 Jun 2022฿2.8t฿889.3b฿204.0b12.6x13.9x3.2x
Sun, 15 May 2022฿2.8t฿888.3b฿235.6b12.9x11.7x3.1x
Tue, 12 Apr 2022฿2.9t฿877.4b฿228.8b13.7x12.8x3.3x
Thu, 10 Mar 2022฿2.9t฿877.1b฿229.1b13.7x12.8x3.4x
Sat, 05 Feb 2022฿3.1t฿914.7b฿232.0b14.7x13.2x3.3x
Mon, 03 Jan 2022฿3.0t฿900.0b฿221.4b15.8x13.4x3.3x
Wed, 01 Dec 2021฿2.7t฿900.0b฿221.4b13.6x12.3x3x
Fri, 29 Oct 2021฿2.8t฿915.2b฿228.3b12.6x12.1x3x
Sun, 26 Sep 2021฿2.8t฿900.4b฿215.4b13x12.9x3.1x
Tue, 24 Aug 2021฿2.6t฿888.5b฿212.1b12.6x12.1x2.9x
Wed, 30 Jun 2021฿2.6t฿888.5b฿212.1b13.3x12.2x2.9x
Sat, 03 Apr 2021฿2.8t฿844.8b฿186.8b13.6x14.9x3.3x
Tue, 05 Jan 2021฿2.3t฿849.7b฿185.0b12.8x12.5x2.7x
Fri, 09 Oct 2020฿1.7t฿862.9b฿198.3b9.5x8.7x2x
Thu, 02 Jul 2020฿1.9t฿909.1b฿223.3b10x8.5x2.1x
Sun, 05 Apr 2020฿1.7t฿951.6b฿243.7b7.8x7x1.8x
Wed, 08 Jan 2020฿2.7t฿961.3b฿251.4b11.8x10.6x2.8x
Price to Earnings Ratio

10.6x


Total Market Cap: ฿2.5tTotal Earnings: ฿235.4bTotal Revenue: ฿928.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Financials Sector Price to Earnings3Y Average 11.7x202020212022
Current Industry PE
  • Investors are relatively neutral on the Thai Financials 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 11.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 3.8% 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 Financials sector?

TH Market0.16%
Financials0.86%
Consumer Finance2.23%
Capital Markets1.00%
Insurance0.67%
Banks0.43%
Mortgage Finance0%
Mortgage REITs0%
Diversified Financial-1.02%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry, which is trading close to its 3-year average PE ratio of 23.0x.
    • Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings decline of 15.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 9.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TIDLOR Ngern Tid Lor฿27.754.7%
+฿3.1b
-17.0%PE19.2x
BBL Bangkok Bank฿144.001.1%
+฿2.9b
23.1%PB0.5x
KTB Krung Thai Bank฿17.601.1%
+฿2.8b
53.0%PB0.7x
SAWAD Srisawad Corporation฿44.754.1%
+฿2.4b
-27.2%PE13.9x
KBANK Kasikornbank฿143.500.7%
+฿2.4b
5.1%PB0.7x
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Latest News

TLI

฿15.00

Thai Life Insurance

7D

-0.7%

1Y

n/a

KTB

฿17.60

Krung Thai Bank

7D

1.1%

1Y

53.0%

KWI

฿2.68

KWI

7D

-8.8%

1Y

66.5%

SAWAD

฿44.75

Srisawad Corporation

7D

4.1%

1Y

-27.2%

BLA

฿29.75

Bangkok Life Assurance

7D

-1.7%

1Y

-1.7%

TIDLOR

฿27.75

Ngern Tid Lor

7D

4.7%

1Y

-17.0%

BKI

฿274.00

Bangkok Insurance

7D

-1.8%

1Y

2.2%

TIPH

฿50.50

Dhipaya Group Holdings

7D

-1.9%

1Y

-11.0%

SCB

฿105.00

SCB X

7D

-0.5%

1Y

-15.0%

SAK

฿6.15

Saksiam Leasing

7D

-6.1%

1Y

-38.5%

MTC

฿36.75

Muangthai Capital

7D

2.8%

1Y

-35.5%

KBANK

฿143.50

Kasikornbank

7D

0.7%

1Y

5.1%

FUEVFVND01

฿31.50

Bualuang Securities

7D

6.8%

1Y

n/a

BBL

฿144.00

Bangkok Bank

7D

1.1%

1Y

23.1%

BAM

฿15.70

Bangkok Commercial Asset Management

7D

1.9%

1Y

-22.3%

SCAP

฿26.00

Srisawad Capital 1969

7D

-1.9%

1Y

-10.3%