Header cover image

Thai (SET) Financials Sector Analysis

UpdatedDec 01, 2021
DataAggregated Company Financials
Companies68
  • 7D-5.1%
  • 3M1.9%
  • 1Y17.6%
  • YTD10.0%

Over the last 7 days, the Financials industry has dropped 5.1%, driven by declines in Kasikornbank and Bangkok Bank of 6.3% and 7.6%, respectively. Meanwhile, Beyond Securities actually outperformed within the industry, gaining 9.1% in the last week. This takes the industry's 12 month performance to a gain of 18%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Thu, 02 Dec 2021฿2.7t฿900.0b฿221.4b13.6x
Sat, 30 Oct 2021฿2.8t฿915.2b฿228.3b12.6x
Mon, 27 Sep 2021฿2.8t฿900.4b฿215.4b13x
Wed, 25 Aug 2021฿2.6t฿888.5b฿212.1b12.8x
Thu, 01 Jul 2021฿2.6t฿888.5b฿212.1b13.3x
Sun, 04 Apr 2021฿2.8t฿844.8b฿186.8b13.6x
Wed, 06 Jan 2021฿2.3t฿849.7b฿185.0b12.8x
Sat, 10 Oct 2020฿1.7t฿862.9b฿198.3b9.5x
Fri, 03 Jul 2020฿1.9t฿909.1b฿223.3b10x
Mon, 06 Apr 2020฿1.7t฿951.6b฿243.7b7.8x
Thu, 09 Jan 2020฿2.7t฿961.3b฿251.4b11.8x
Wed, 02 Oct 2019฿2.5t฿928.0b฿235.3b14.4x
Sat, 06 Jul 2019฿2.8t฿874.2b฿232.1b15.2x
Tue, 09 Apr 2019฿2.7t฿857.7b฿232.3b13.4x
Mon, 31 Dec 2018฿2.7t฿844.6b฿230.2b12.2x
PE Ratio

12.7x

Total Market Cap: ฿2.8tTotal Earnings: ฿236.9bTotal Revenue: ฿860.6b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 12.2x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Financials industry have declined 2.2% per year over the last three years, while revenues have remained mostly flat. This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Thai Financials sector?

Insurance-1.39%
Diversified Financial-3.79%
Capital Markets-3.97%
Banks-5.43%
Consumer Finance-5.75%

Industry PE: Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 16.3x. This is likely because analysts are expecting annual earnings growth of 25%, which is higher than its past year's earnings growth of 8.5% per year. Meanwhile, investors are most pessimistic about the Capital Markets industry, which is trading below its 3-year average of 14.4x.

Forecasted Growth: Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 31% over the next 5 years. This is roughly in line with its past earnings growth rate. Meanwhile, the Banks industry is expected to see its earnings grow by 7.8% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
BYD Beyond Securities9.1%+฿1.7b1,209.1%PS1850.9x
JMT JMT Network Services2.2%+฿1.4b80.9%PE53.2x
TTB TMBThanachart Bank0.8%+฿966.2m8.1%PB0.6x
MTI Muang Thai Insurance12.2%+฿708.0m29.4%PE9.1x
FSS Finansia Syrus Securities18.6%+฿465.1m198.2%PE11.4x
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
Download on the App StoreGet it on Google Play
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News