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Thai (SET) Financials Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies80
- 7D-3.0%
- 3M-4.5%
- 1Y-0.6%
- YTD-2.8%
Over the last 7 days, the Financials industry has dropped 3.0%, driven by pullbacks in Kasikornbank and Krung Thai Bank of 3.5% and 4.2%, respectively. In contrast, AIRA Capital has gained 7.6%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 6.7% per annum.
Sector Valuation and Performance
Has the Thai Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | ฿2.8t | ฿1.2t | ฿298.7b | 11.7x | 9.3x | 2.4x |
| Tue, 19 Nov 2024 | ฿2.8t | ฿1.2t | ฿301.0b | 12.8x | 9.3x | 2.4x |
| Thu, 17 Oct 2024 | ฿2.9t | ฿1.2t | ฿296.8b | 13.4x | 9.9x | 2.5x |
| Sat, 14 Sep 2024 | ฿2.9t | ฿1.2t | ฿296.9b | 12.9x | 9.8x | 2.5x |
| Mon, 12 Aug 2024 | ฿2.4t | ฿1.2t | ฿300.6b | 10.2x | 8.1x | 2.1x |
| Wed, 10 Jul 2024 | ฿2.6t | ฿1.2t | ฿297.3b | 11x | 8.7x | 2.2x |
| Fri, 07 Jun 2024 | ฿2.6t | ฿1.2t | ฿297.5b | 11.9x | 8.9x | 2.3x |
| Sun, 05 May 2024 | ฿2.7t | ฿1.2t | ฿299.3b | 13.4x | 9x | 2.3x |
| Tue, 02 Apr 2024 | ฿2.8t | ฿1.1t | ฿296.2b | 13.9x | 9.3x | 2.4x |
| Thu, 29 Feb 2024 | ฿2.7t | ฿1.1t | ฿293.2b | 12.7x | 9.2x | 2.4x |
| Sat, 27 Jan 2024 | ฿2.5t | ฿1.1t | ฿290.3b | 11.9x | 8.8x | 2.2x |
| Mon, 25 Dec 2023 | ฿2.7t | ฿1.1t | ฿282.0b | 12.5x | 9.5x | 2.4x |
| Wed, 22 Nov 2023 | ฿2.7t | ฿1.1t | ฿282.0b | 12.3x | 9.5x | 2.4x |
| Fri, 20 Oct 2023 | ฿2.8t | ฿1.1t | ฿277.0b | 12.9x | 10.1x | 2.5x |
| Sun, 17 Sep 2023 | ฿3.0t | ฿1.1t | ฿277.0b | 13.7x | 10.7x | 2.7x |
| Tue, 15 Aug 2023 | ฿2.9t | ฿1.1t | ฿279.6b | 13.2x | 10.5x | 2.7x |
| Thu, 13 Jul 2023 | ฿2.8t | ฿1.1t | ฿270.0b | 12.6x | 10.4x | 2.6x |
| Sat, 10 Jun 2023 | ฿3.0t | ฿1.1t | ฿270.5b | 13.4x | 11.1x | 2.8x |
| Mon, 08 May 2023 | ฿2.8t | ฿1.1t | ฿240.2b | 12.4x | 11.8x | 2.6x |
| Wed, 05 Apr 2023 | ฿2.9t | ฿1.1t | ฿233.3b | 13.2x | 12.3x | 2.7x |
| Fri, 03 Mar 2023 | ฿2.9t | ฿1.0t | ฿226.9b | 13.7x | 12.9x | 2.8x |
| Sun, 29 Jan 2023 | ฿3.1t | ฿1.0t | ฿225.2b | 13.5x | 13.8x | 3x |
| Tue, 27 Dec 2022 | ฿3.0t | ฿1.0t | ฿235.0b | 13x | 12.9x | 2.9x |
| Thu, 24 Nov 2022 | ฿3.0t | ฿1.0t | ฿234.5b | 13.1x | 12.7x | 2.9x |
| Sat, 22 Oct 2022 | ฿3.0t | ฿1.0t | ฿213.1b | 12.4x | 14x | 3x |
| Mon, 19 Sep 2022 | ฿3.1t | ฿1.0t | ฿210.6b | 14.1x | 14.7x | 3.1x |
| Wed, 17 Aug 2022 | ฿3.0t | ฿1.0t | ฿212.2b | 12.9x | 14.3x | 3x |
| Fri, 15 Jul 2022 | ฿2.7t | ฿889.3b | ฿203.9b | 11.9x | 13.1x | 3x |
| Sun, 12 Jun 2022 | ฿2.9t | ฿889.3b | ฿204.0b | 13.1x | 14.3x | 3.3x |
| Tue, 10 May 2022 | ฿2.8t | ฿887.2b | ฿236.0b | 13x | 12x | 3.2x |
| Thu, 07 Apr 2022 | ฿3.0t | ฿877.3b | ฿229.1b | 13.8x | 13.1x | 3.4x |
| Sat, 05 Mar 2022 | ฿3.0t | ฿877.3b | ฿229.0b | 13.8x | 13.1x | 3.4x |
| Mon, 31 Jan 2022 | ฿3.0t | ฿914.6b | ฿231.9b | 14.4x | 12.9x | 3.3x |
| Wed, 29 Dec 2021 | ฿2.9t | ฿900.0b | ฿221.4b | 15.6x | 13.1x | 3.2x |
Price to Earnings Ratio
13.1x
Current Industry PE
- Investors are pessimistic on the Thai Financials 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 9.3x which is lower than its 3-year average PE of 11.2x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 9.6% 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 Financials sector?
| TH Market | -4.66% | |
| Financials | -3.02% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | -0.74% | |
| Banks | -2.50% | |
| Insurance | -3.00% | |
| Diversified Financial | -4.06% | |
| Consumer Finance | -5.60% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 26.8x.
- Analysts are expecting annual earnings growth of 71.4%, which is higher than its past year's earnings decline of 13.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 81% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 4.7% 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 | |
|---|---|---|---|---|---|
| AIRA AIRA Capital | ฿1.28 | 7.6% +฿568.3m | -27.7% | PS9.9x | |
| TISCO TISCO Financial Group | ฿97.75 | 0.3% +฿200.2m | 0% | PB1.9x | |
| AF AIRA Factoring | ฿0.68 | 7.9% +฿80.0m | -15.0% | PE132.7x | |
| SABUY Sabuy Technology | ฿0.47 | 4.4% +฿33.4m | -91.8% | PS0.1x | |
| ASN ASN Broker | ฿1.79 | 2.3% +฿7.5m | -6.3% | PE114.6x |