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Thai (SET) Capital Markets Industry Analysis

UpdatedDec 01, 2023
DataAggregated Company Financials
Companies16
  • 7D-0.1%
  • 3M-21.3%
  • 1Y-33.8%
  • YTD-33.5%

Over the last 7 days, the Capital Markets industry has dropped 2.7%, driven by Beyond Securities declining 10%. In contrast, Finansia X has gained 8.7%. However, the industry is down 34% over the past year. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

Has the Thai Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Dec 2023฿121.8b฿23.7b฿5.6b12.7x21.7x5.1x
Mon, 30 Oct 2023฿123.5b฿23.4b฿5.5b13.3x22.6x5.3x
Wed, 27 Sep 2023฿135.6b฿23.5b฿5.5b14.3x24.7x5.8x
Fri, 25 Aug 2023฿139.8b฿23.5b฿5.5b14.4x25.3x6x
Sun, 23 Jul 2023฿131.6b฿23.8b฿6.3b12.7x21x5.5x
Tue, 20 Jun 2023฿128.3b฿23.8b฿6.3b13x20.5x5.4x
Thu, 18 May 2023฿128.9b฿24.1b฿6.5b12.4x20x5.3x
Sat, 15 Apr 2023฿140.0b฿24.7b฿6.8b12.3x20.6x5.7x
Mon, 13 Mar 2023฿122.6b฿24.7b฿6.8b12.7x18x5x
Wed, 08 Feb 2023฿186.5b฿26.8b฿8.2b11.8x22.7x7x
Fri, 06 Jan 2023฿185.1b฿26.8b฿8.2b10.6x22.5x6.9x
Sun, 04 Dec 2022฿186.0b฿26.8b฿8.2b10.4x22.6x6.9x
Tue, 01 Nov 2022฿187.5b฿27.4b฿8.8b9.5x21.2x6.8x
Thu, 29 Sep 2022฿206.5b฿27.6b฿8.9b9.6x23.3x7.5x
Sat, 27 Aug 2022฿186.4b฿28.3b฿9.2b10x20.2x6.6x
Mon, 25 Jul 2022฿173.9b฿29.6b฿9.7b8.5x17.8x5.9x
Wed, 22 Jun 2022฿188.1b฿29.6b฿9.7b8.6x19.3x6.4x
Fri, 20 May 2022฿165.1b฿29.6b฿9.7b8.6x17x5.6x
Sun, 17 Apr 2022฿161.0b฿25.3b฿8.4b9.7x19.2x6.4x
Tue, 15 Mar 2022฿172.7b฿25.3b฿8.4b10.7x20.6x6.8x
Thu, 10 Feb 2022฿190.5b฿65.4b฿7.9b11.2x24x2.9x
Sat, 08 Jan 2022฿191.3b฿65.4b฿7.9b10.6x24.2x2.9x
Mon, 06 Dec 2021฿171.7b฿65.4b฿7.9b9.6x21.7x2.6x
Wed, 03 Nov 2021฿158.2b฿72.0b฿7.2bn/a22.1x2.2x
Fri, 01 Oct 2021฿153.2b฿71.7b฿7.1b10.2x21.7x2.1x
Sun, 29 Aug 2021฿141.2b฿71.7b฿7.1b10.3x20x2x
Mon, 05 Jul 2021฿139.5b฿71.7b฿7.1b10.5x19.8x1.9x
Thu, 08 Apr 2021฿127.3b฿70.7b฿6.1b10.4x20.8x1.8x
Sun, 10 Jan 2021฿106.5b฿73.7b฿4.3b12.4x25x1.4x
Price to Earnings Ratio

11.6x


Total Market Cap: ฿101.0bTotal Earnings: ฿8.7bTotal Revenue: ฿74.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Capital Markets Industry Price to Earnings3Y Average 21.6x202120222023
Current Industry PE
  • Investors are relatively neutral on the Thai Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 21.6x.
  • The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 14% per year over the last three years,
  • Revenues have also declined 32% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

TH Market-1.16%
Financials-0.86%
Capital Markets-0.15%
Asset Management1.71%
Financial Exchanges and Data0%
Diversified Capital Markets0%
Investment Banking and Brokerage-0.86%
Industry PE
  • Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 18.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 27.8x.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Asset Management industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BAM Bangkok Commercial Asset Management฿8.301.8%
+฿484.8m
-46.5%PE13.8x
AIRA AIRA Capital฿1.841.7%
+฿189.4m
-8.9%PS15.5x
FSX Finansia X฿2.767.0%
+฿104.4m
n/an/a
MST Maybank Securities (Thailand)฿10.800.9%
+฿57.1m
-4.4%PE12.6x
MFC MFC Asset Management฿19.700.5%
+฿12.6m
-14.3%PE12.9x
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Latest News

FSX

฿2.76

Finansia X

7D

7.0%

1Y

n/a

UOBKH

฿4.80

UOB Kay Hian Securities (Thailand)

7D

-1.6%

1Y

-8.6%

AIRA

฿1.84

AIRA Capital

7D

1.7%

1Y

-8.9%

TNITY

฿4.46

Trinity Watthana

7D

-7.1%

1Y

-35.8%

BYD

฿4.64

Beyond Securities

7D

-2.9%

1Y

-65.1%

XPG

฿1.02

XSpring Capital

7D

-1.0%

1Y

-35.4%

MFC

฿19.70

MFC Asset Management

7D

0.5%

1Y

-14.3%

ASP

฿2.76

Asia Plus Group Holdings

7D

-0.7%

1Y

-8.0%

KGI

฿4.46

KGI Securities (Thailand)

7D

-0.4%

1Y

-8.2%

BAM

฿8.30

Bangkok Commercial Asset Management

7D

1.8%

1Y

-46.5%

MST

฿10.80

Maybank Securities (Thailand)

7D

0.9%

1Y

-4.4%

GBX

฿0.76

Globlex Holding Management

7D

-1.3%

1Y

-14.6%

FUEVFVND01

฿36.00

Bualuang Securities

7D

-0.7%

1Y

9.9%