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Thai (SET) Capital Markets Industry Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
  • 7D1.3%
  • 3M3.4%
  • 1Y53.8%
  • YTD48.3%

Over the last 7 days, the Capital Markets industry has remained flat, although notably Finansia Syrus Securities gained 36%. As for the the longer term, the industry is up 53% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sun, 05 Dec 2021฿172.2b฿65.4b฿7.9b9.5x
Tue, 02 Nov 2021฿158.2b฿72.0b฿7.2b11x
Thu, 30 Sep 2021฿154.3b฿71.7b฿7.1b10.2x
Sat, 28 Aug 2021฿141.2b฿71.7b฿7.1b10.3x
Sun, 04 Jul 2021฿139.5b฿71.7b฿7.1b10.5x
Wed, 07 Apr 2021฿127.3b฿70.7b฿6.1b10.4x
Sat, 09 Jan 2021฿106.5b฿73.7b฿4.3b12.4x
Fri, 02 Oct 2020฿92.6b฿74.4b฿8.7b11.2x
Mon, 06 Jul 2020฿110.7b฿80.1b฿8.6b11.8x
Thu, 09 Apr 2020฿90.8b฿97.0b฿8.9b10.7x
Wed, 01 Jan 2020฿89.8b฿103.1b฿12.1b14.9x
Sat, 05 Oct 2019฿37.6b฿90.9b฿1.3b21.3x
Tue, 09 Jul 2019฿40.4b฿84.5b฿1.3b25.9x
Mon, 01 Apr 2019฿43.5b฿74.1b฿1.4b20x
Thu, 03 Jan 2019฿43.5b฿65.1b฿2.1b14.8x
PE Ratio


Total Market Cap: ฿43.5bTotal Earnings: ฿2.1bTotal Revenue: ฿65.1b0%0%0%3 Year10 Year

Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 9.6x which is lower than its 3-year average PE of 14.4x. It appears they believe that earnings will not grow as fast as they have historically.

Past Earnings Growth: The earnings for companies in the Capital Markets industry have grown 45% per year over the last three years, while revenues have remained mostly flat. This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Thai Capital Markets industry?

Investment Banking and Brokerage3.66%
Asset Management-1.28%

Industry PE: Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 19.0x. However analysts are expecting annual earnings growth of 25%, which is lower than the prior year's growth of 31% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading below its 3-year average of 15.2x.

Forecasted Growth: Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 25% over the next 5 years. This is roughly in line with its past earnings growth rate.

Top Stock Gainers and Losers

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

FSS Finansia Syrus Securities36.4%+฿883.7m237.3%PE12.7x
BYD Beyond Securities4.3%+฿861.7m1,209.1%PS1850.9x
CGH Country Group Holdings12.4%+฿600.8m100.0%PE8.3x
UOBKH UOB Kay Hian Securities (Thailand)11.4%+฿286.4m57.7%PE7.8x
TNITY Trinity Watthana8.1%+฿139.4m133.8%PE6x
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