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Thai (SET) Financials Sector Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies81
- 7D-2.4%
- 3M-4.0%
- 1Y-3.0%
- YTD-4.2%
Over the last 7 days, the Financials industry has dropped 2.4%, driven by a pullback from Kasikornbank of 5.3%. Overall the industry is down 3.0% in 12 months. Looking forward, earnings are forecast to grow by 5.5% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | ฿2.7t | ฿1.2t | ฿310.4b | 9.7x | 8.8x | 2.3x |
| Thu, 13 Mar 2025 | ฿2.8t | ฿1.2t | ฿310.8b | 10.1x | 9x | 2.3x |
| Sat, 08 Feb 2025 | ฿2.9t | ฿1.2t | ฿306.9b | 11.1x | 9.4x | 2.4x |
| Mon, 06 Jan 2025 | ฿2.8t | ฿1.2t | ฿298.7b | 12x | 9.5x | 2.4x |
| Wed, 04 Dec 2024 | ฿2.8t | ฿1.2t | ฿298.7b | 12.9x | 9.5x | 2.4x |
| Fri, 01 Nov 2024 | ฿2.8t | ฿1.2t | ฿301.7b | 12.6x | 9.4x | 2.4x |
| Sun, 29 Sep 2024 | ฿2.9t | ฿1.2t | ฿296.9b | 13.3x | 9.7x | 2.4x |
| Tue, 27 Aug 2024 | ฿2.7t | ฿1.2t | ฿296.7b | 12.3x | 9.1x | 2.3x |
| Thu, 25 Jul 2024 | ฿2.5t | ฿1.2t | ฿298.6b | 10.3x | 8.3x | 2.1x |
| Sat, 22 Jun 2024 | ฿2.6t | ฿1.2t | ฿297.4b | 11.3x | 8.6x | 2.2x |
| Mon, 20 May 2024 | ฿2.7t | ฿1.2t | ฿299.9b | 12.4x | 9.1x | 2.3x |
| Wed, 17 Apr 2024 | ฿2.8t | ฿1.1t | ฿296.6b | 13.2x | 9.4x | 2.4x |
| Fri, 15 Mar 2024 | ฿2.7t | ฿1.1t | ฿292.7b | 13.4x | 9.3x | 2.4x |
| Sun, 11 Feb 2024 | ฿2.6t | ฿1.1t | ฿294.5b | 12x | 8.9x | 2.3x |
| Tue, 09 Jan 2024 | ฿2.7t | ฿1.1t | ฿280.9b | 12.3x | 9.6x | 2.4x |
| Thu, 07 Dec 2023 | ฿2.7t | ฿1.1t | ฿282.0b | 12.4x | 9.5x | 2.4x |
| Sat, 04 Nov 2023 | ฿2.8t | ฿1.1t | ฿282.7b | 12.8x | 9.8x | 2.5x |
| Mon, 02 Oct 2023 | ฿2.9t | ฿1.1t | ฿277.0b | 13.5x | 10.3x | 2.6x |
| Wed, 30 Aug 2023 | ฿3.0t | ฿1.1t | ฿277.0b | 14.1x | 10.9x | 2.7x |
| Fri, 28 Jul 2023 | ฿2.9t | ฿1.1t | ฿278.9b | 12.9x | 10.4x | 2.6x |
| Sun, 25 Jun 2023 | ฿2.9t | ฿1.1t | ฿270.5b | 12.9x | 10.7x | 2.7x |
| Tue, 23 May 2023 | ฿2.9t | ฿1.1t | ฿270.4b | 13.3x | 10.7x | 2.7x |
| Thu, 20 Apr 2023 | ฿2.9t | ฿1.1t | ฿233.1b | 12.7x | 12.3x | 2.7x |
| Sat, 18 Mar 2023 | ฿2.8t | ฿1.0t | ฿231.5b | 13x | 12x | 2.7x |
| Mon, 13 Feb 2023 | ฿3.0t | ฿1.0t | ฿225.2b | 14.4x | 13.5x | 2.9x |
| Wed, 11 Jan 2023 | ฿3.2t | ฿1.0t | ฿227.8b | 13.8x | 13.9x | 3.1x |
| Fri, 09 Dec 2022 | ฿3.0t | ฿1.0t | ฿234.4b | 13.6x | 12.9x | 2.9x |
| Sun, 06 Nov 2022 | ฿3.1t | ฿1.0t | ฿221.6b | 13.3x | 13.8x | 3x |
| Tue, 04 Oct 2022 | ฿2.9t | ฿1.0t | ฿210.6b | 12.9x | 13.9x | 2.9x |
| Thu, 01 Sep 2022 | ฿3.1t | ฿1.0t | ฿210.9b | 13.8x | 14.6x | 3.1x |
| Sat, 30 Jul 2022 | ฿3.0t | ฿1.0t | ฿214.1b | 12.3x | 13.8x | 3x |
| Mon, 27 Jun 2022 | ฿2.8t | ฿889.3b | ฿204.0b | 12.5x | 13.8x | 3.2x |
| Wed, 25 May 2022 | ฿2.8t | ฿888.9b | ฿233.6b | 13x | 12.1x | 3.2x |
| Fri, 22 Apr 2022 | ฿2.9t | ฿878.6b | ฿229.7b | 14.4x | 12.4x | 3.2x |
Price to Earnings Ratio
12.4x
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 8.8x which is lower than its 3-year average PE of 10.8x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.3x.
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 11% 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 | 0.32% | |
| Financials | -2.37% | |
| Capital Markets | -0.72% | |
| Banks | -2.10% | |
| Insurance | -2.18% | |
| Consumer Finance | -4.08% | |
| Diversified Financial | -5.38% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 30.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 118% over the next 5 years.
- This is better than its past earnings growth rate of 44% per year.
- In contrast, the Insurance industry is expected to see its earnings grow by 4.6% 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 | |
|---|---|---|---|---|---|
| TISCO TISCO Financial Group | ฿97.75 | 0.3% +฿200.2m | -2.3% | PB1.8x | |
| FSX Finansia X | ฿1.25 | 13.6% +฿122.8m | -50.8% | PS0.7x | |
| AYUD Allianz Ayudhya Capital | ฿31.75 | 0.8% +฿97.3m | -14.2% | PE17.3x | |
| SABUY Sabuy Technology | ฿0.28 | 16.7% +฿97.3m | -89.1% | PS0.1x | |
| MIDA Mida Assets | ฿0.24 | 14.3% +฿75.1m | -50.0% | PS0.3x |