Thai (SET) Banks Industry Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies11
- 7D-0.9%
- 3M-9.8%
- 1Y-3.2%
- YTD-6.1%
Over the last 7 days, the Banks industry has dropped 1.1%, driven by pullbacks in Kasikornbank and Bank of Ayudhya of 1.9% and 2.6%, respectively. Overall the industry is down 4.0% in 12 months. As for the next few years, earnings are expected to grow by 7.5% per annum.
Industry Valuation and Performance
Has the Thai Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | ฿1.7t | ฿716.6b | ฿228.6b | 8.5x | 7.6x | 2.4x |
| Mon, 30 Oct 2023 | ฿1.8t | ฿716.3b | ฿228.1b | 8.6x | 7.9x | 2.5x |
| Wed, 27 Sep 2023 | ฿1.8t | ฿698.0b | ฿222.4b | 8.5x | 8.2x | 2.6x |
| Fri, 25 Aug 2023 | ฿1.9t | ฿698.0b | ฿222.4b | 9.1x | 8.6x | 2.7x |
| Sun, 23 Jul 2023 | ฿1.9t | ฿698.2b | ฿222.4b | 9.1x | 8.5x | 2.7x |
| Tue, 20 Jun 2023 | ฿1.9t | ฿674.2b | ฿213.4b | 9.4x | 8.7x | 2.8x |
| Thu, 18 May 2023 | ฿1.8t | ฿674.2b | ฿213.4b | 9x | 8.5x | 2.7x |
| Sat, 15 Apr 2023 | ฿1.8t | ฿653.7b | ฿205.8b | 9.5x | 8.8x | 2.8x |
| Mon, 13 Mar 2023 | ฿1.8t | ฿653.8b | ฿205.9b | 9.2x | 8.7x | 2.7x |
| Wed, 08 Feb 2023 | ฿1.8t | ฿645.5b | ฿205.1b | 9.2x | 9x | 2.9x |
| Fri, 06 Jan 2023 | ฿1.9t | ฿645.4b | ฿207.9b | 8.5x | 9.1x | 2.9x |
| Sun, 04 Dec 2022 | ฿1.8t | ฿651.3b | ฿215.2b | 8.1x | 8.4x | 2.8x |
| Tue, 01 Nov 2022 | ฿1.8t | ฿643.1b | ฿207.2b | 8.3x | 8.8x | 2.8x |
| Thu, 29 Sep 2022 | ฿1.8t | ฿622.4b | ฿196.7b | 8.5x | 8.9x | 2.8x |
| Sat, 27 Aug 2022 | ฿1.8t | ฿622.4b | ฿196.7b | 9.2x | 9.3x | 3x |
| Mon, 25 Jul 2022 | ฿1.7t | ฿621.7b | ฿196.1b | 8.2x | 8.6x | 2.7x |
| Wed, 22 Jun 2022 | ฿1.8t | ฿619.4b | ฿194.9b | 9.2x | 9.1x | 2.9x |
| Fri, 20 May 2022 | ฿1.7t | ฿619.4b | ฿194.9b | 8.9x | 8.9x | 2.8x |
| Sun, 17 Apr 2022 | ฿1.8t | ฿612.6b | ฿188.2b | 9.7x | 9.5x | 2.9x |
| Tue, 15 Mar 2022 | ฿1.9t | ฿612.6b | ฿188.2b | 10.1x | 9.9x | 3x |
| Thu, 10 Feb 2022 | ฿2.0t | ฿611.4b | ฿187.1b | 10.5x | 10.6x | 3.2x |
| Sat, 08 Jan 2022 | ฿1.8t | ฿596.0b | ฿176.2b | 10.5x | 10.4x | 3.1x |
| Mon, 06 Dec 2021 | ฿1.7t | ฿596.0b | ฿176.2b | 9.7x | 9.7x | 2.9x |
| Wed, 03 Nov 2021 | ฿1.7t | ฿595.3b | ฿175.5b | n/a | 9.8x | 2.9x |
| Fri, 01 Oct 2021 | ฿1.7t | ฿581.0b | ฿162.6b | 11x | 10.3x | 2.9x |
| Sun, 29 Aug 2021 | ฿1.6t | ฿581.0b | ฿162.6b | 11.3x | 9.7x | 2.7x |
| Mon, 05 Jul 2021 | ฿1.5t | ฿581.0b | ฿162.6b | 10.6x | 9.4x | 2.6x |
| Thu, 08 Apr 2021 | ฿1.8t | ฿553.1b | ฿141.5b | 12.3x | 12.4x | 3.2x |
| Sun, 10 Jan 2021 | ฿1.5t | ฿555.5b | ฿145.0b | 10.3x | 10.2x | 2.7x |
Price to Earnings Ratio
8.9x
Current Industry PE
- Investors are pessimistic on the Thai Banks 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 7.6x which is lower than its 3-year average PE of 9.4x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 7.8% 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 industry?
| TH Market | -1.16% | |
| Financials | -0.86% | |
| Banks | -0.89% | |
| Regional Banks | 0% | |
| Diversified Banks | -0.89% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 9.4x.
- Analysts are expecting annual earnings growth of 7.5%, which is higher than its past year's earnings growth of 6.0% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 9.4x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.5% over the next 5 years.
- This is better than its past earnings growth rate of 6.0% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.5% 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 | ฿99.75 | 0.5% +฿1.7b | -5.0% | PB0.7x | |
| KTB Krung Thai Bank | ฿18.20 | 0.6% +฿1.4b | 3.4% | PB0.7x |