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Thai (SET) Financials Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies79
- 7D-0.8%
- 3M-1.7%
- 1Y4.9%
- YTD-0.3%
The Financials is pretty flat in the last 7 days, but Thai Credit Bank has stood out, gaining 12%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 6.5% 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, 21 Jan 2025 | ฿2.8t | ฿1.2t | ฿299.1b | 11.2x | 9.5x | 2.4x |
| Thu, 19 Dec 2024 | ฿2.9t | ฿1.2t | ฿298.7b | 12.2x | 9.6x | 2.4x |
| Sat, 16 Nov 2024 | ฿2.8t | ฿1.2t | ฿301.5b | 12.8x | 9.2x | 2.3x |
| Mon, 14 Oct 2024 | ฿2.9t | ฿1.2t | ฿296.9b | 13x | 9.9x | 2.5x |
| Wed, 11 Sep 2024 | ฿2.9t | ฿1.2t | ฿296.9b | 12.9x | 9.7x | 2.4x |
| Fri, 09 Aug 2024 | ฿2.5t | ฿1.2t | ฿298.6b | 10.4x | 8.2x | 2.1x |
| Sun, 07 Jul 2024 | ฿2.6t | ฿1.2t | ฿297.4b | 11.1x | 8.7x | 2.2x |
| Tue, 04 Jun 2024 | ฿2.7t | ฿1.2t | ฿299.6b | 12x | 9x | 2.3x |
| Thu, 02 May 2024 | ฿2.7t | ฿1.2t | ฿299.3b | 13.3x | 9.1x | 2.3x |
| Sat, 30 Mar 2024 | ฿2.7t | ฿1.1t | ฿292.7b | 13.8x | 9.3x | 2.4x |
| Mon, 26 Feb 2024 | ฿2.7t | ฿2.3t | ฿481.9b | 12.7x | 5.6x | 1.2x |
| Wed, 24 Jan 2024 | ฿2.5t | ฿1.1t | ฿291.0b | 11.9x | 8.7x | 2.2x |
| Fri, 22 Dec 2023 | ฿2.7t | ฿1.1t | ฿282.0b | 12.3x | 9.6x | 2.4x |
| Sun, 19 Nov 2023 | ฿2.7t | ฿1.1t | ฿281.2b | 12.5x | 9.6x | 2.4x |
| Tue, 17 Oct 2023 | ฿2.8t | ฿1.1t | ฿277.0b | 13.1x | 10.2x | 2.6x |
| Thu, 14 Sep 2023 | ฿2.9t | ฿1.1t | ฿277.0b | 13.7x | 10.6x | 2.7x |
| Sat, 12 Aug 2023 | ฿2.9t | ฿1.1t | ฿279.3b | 12.8x | 10.5x | 2.7x |
| Mon, 10 Jul 2023 | ฿2.8t | ฿1.1t | ฿270.0b | 12.8x | 10.5x | 2.6x |
| Wed, 07 Jun 2023 | ฿3.0t | ฿1.1t | ฿270.5b | 13.1x | 11x | 2.8x |
| Fri, 05 May 2023 | ฿2.8t | ฿1.1t | ฿240.2b | 12.4x | 11.9x | 2.6x |
| Sun, 02 Apr 2023 | ฿2.9t | ฿1.1t | ฿233.3b | 13.1x | 12.2x | 2.7x |
| Tue, 28 Feb 2023 | ฿3.0t | ฿1.1t | ฿261.5b | 13.4x | 11.4x | 2.7x |
| Thu, 26 Jan 2023 | ฿3.1t | ฿1.0t | ฿222.1b | 13.7x | 13.9x | 3x |
| Sat, 24 Dec 2022 | ฿3.0t | ฿1.0t | ฿235.0b | 13.1x | 12.9x | 2.9x |
| Mon, 21 Nov 2022 | ฿3.0t | ฿1.0t | ฿234.4b | 13x | 12.7x | 2.9x |
| Wed, 19 Oct 2022 | ฿3.0t | ฿1.0t | ฿211.0b | 12.8x | 14x | 2.9x |
| Fri, 16 Sep 2022 | ฿3.1t | ฿1.0t | ฿210.6b | 14.1x | 14.7x | 3.1x |
| Sun, 14 Aug 2022 | ฿3.0t | ฿1.0t | ฿210.4b | 13.4x | 14.3x | 3x |
| Tue, 12 Jul 2022 | ฿2.7t | ฿889.3b | ฿203.9b | 11.9x | 13.4x | 3.1x |
| Thu, 09 Jun 2022 | ฿2.9t | ฿889.3b | ฿204.0b | 13x | 14.1x | 3.2x |
| Sat, 07 May 2022 | ฿2.9t | ฿887.2b | ฿236.0b | 13.5x | 12.2x | 3.2x |
| Mon, 04 Apr 2022 | ฿3.0t | ฿877.3b | ฿229.1b | 14.2x | 13.2x | 3.4x |
| Wed, 02 Mar 2022 | ฿3.0t | ฿872.6b | ฿232.2b | 14x | 13.1x | 3.5x |
| Fri, 28 Jan 2022 | ฿3.0t | ฿914.7b | ฿232.0b | 14.4x | 12.9x | 3.3x |
Price to Earnings Ratio
12.9x
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 9.4x which is lower than its 3-year average PE of 11.1x.
- 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 8.8% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 | -1.08% | |
| Financials | -0.84% | |
| Capital Markets | 0.39% | |
| Mortgage Finance | 0% | 0 |
| Mortgage REITs | 0% | 0 |
| Banks | -0.64% | |
| Insurance | -0.98% | |
| Consumer Finance | -1.87% | |
| Diversified Financial | -2.56% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 28.0x.
- 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 4.8% 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 | |
|---|---|---|---|---|---|
| SCB SCB X | ฿122.50 | 2.5% +฿10.1b | 17.8% | PB0.9x | |
| KTC Krungthai Card | ฿51.75 | 3.5% +฿4.5b | 21.8% | PE17.9x | |
| TIDLOR Ngern Tid Lor | ฿16.50 | 9.3% +฿4.1b | -19.7% | PE11.8x | |
| TLI Thai Life Insurance | ฿11.10 | 2.8% +฿3.4b | 31.4% | PE12.2x | |
| CREDIT Thai Credit Bank | ฿20.20 | 9.2% +฿2.1b | n/a | PB1.1x |