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Thai (SET) Capital Markets Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies17
- 7D0.4%
- 3M-8.5%
- 1Y-19.7%
- YTD-0.8%
Over the last 7 days, the Capital Markets industry has remained flat, although notably MFC Asset Management gained 6.9%. Unfortunately though, the industry is down 21% over the past 12 months. Earnings are forecast to grow by 71% annually.
Industry Valuation and Performance
Has the Thai Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | ฿127.9b | ฿21.7b | ฿1.9b | 16x | 66.9x | 5.9x |
| Thu, 19 Dec 2024 | ฿158.3b | ฿21.7b | ฿1.9b | 15.7x | 82.8x | 7.3x |
| Sat, 16 Nov 2024 | ฿130.3b | ฿21.6b | ฿2.8b | 15.5x | 46.8x | 6x |
| Mon, 14 Oct 2024 | ฿136.0b | ฿21.4b | ฿2.7b | 17.9x | 50.1x | 6.4x |
| Wed, 11 Sep 2024 | ฿164.9b | ฿24.4b | ฿4.4b | 17.7x | 37.1x | 6.8x |
| Fri, 09 Aug 2024 | ฿148.9b | ฿23.9b | ฿4.5b | 14x | 33.2x | 6.2x |
| Sun, 07 Jul 2024 | ฿160.7b | ฿24.0b | ฿4.5b | 14.1x | 35.7x | 6.7x |
| Tue, 04 Jun 2024 | ฿170.6b | ฿23.8b | ฿4.3b | 16.2x | 39.7x | 7.2x |
| Thu, 02 May 2024 | ฿162.9b | ฿23.1b | ฿4.5b | 15.4x | 36.2x | 7.1x |
| Sat, 30 Mar 2024 | ฿165.0b | ฿23.1b | ฿4.5b | 16x | 36.7x | 7.1x |
| Mon, 26 Feb 2024 | ฿159.3b | ฿1.2t | ฿193.8b | 16.8x | 0.8x | 0.1x |
| Wed, 24 Jan 2024 | ฿82.2b | ฿19.7b | ฿4.5b | 12.9x | 18.4x | 4.2x |
| Fri, 22 Dec 2023 | ฿124.3b | ฿23.7b | ฿5.6b | 12.8x | 22.2x | 5.2x |
| Sun, 19 Nov 2023 | ฿123.0b | ฿22.7b | ฿4.8b | 14x | 25.6x | 5.4x |
| Tue, 17 Oct 2023 | ฿133.4b | ฿23.5b | ฿5.5b | 13.6x | 24.3x | 5.7x |
| Thu, 14 Sep 2023 | ฿141.9b | ฿23.5b | ฿5.5b | 14.8x | 25.9x | 6.1x |
| Sat, 12 Aug 2023 | ฿133.9b | ฿23.7b | ฿6.2b | 12.7x | 21.5x | 5.6x |
| Mon, 10 Jul 2023 | ฿125.7b | ฿23.8b | ฿6.3b | 12.4x | 20.1x | 5.3x |
| Wed, 07 Jun 2023 | ฿128.1b | ฿23.8b | ฿6.3b | 13x | 20.5x | 5.4x |
| Fri, 05 May 2023 | ฿131.4b | ฿24.5b | ฿6.7b | 12x | 19.7x | 5.4x |
| Sun, 02 Apr 2023 | ฿139.9b | ฿24.7b | ฿6.8b | 12.7x | 20.6x | 5.7x |
| Tue, 28 Feb 2023 | ฿174.1b | ฿28.7b | ฿7.8b | 10.7x | 22.2x | 6.1x |
| Thu, 26 Jan 2023 | ฿183.3b | ฿26.8b | ฿8.2b | 10.8x | 22.3x | 6.8x |
| Sat, 24 Dec 2022 | ฿184.9b | ฿26.8b | ฿8.2b | 10.1x | 22.5x | 6.9x |
| Mon, 21 Nov 2022 | ฿179.3b | ฿26.3b | ฿8.2b | 10x | 21.8x | 6.8x |
| Wed, 19 Oct 2022 | ฿190.4b | ฿27.6b | ฿8.9b | 9.5x | 21.5x | 6.9x |
| Fri, 16 Sep 2022 | ฿198.8b | ฿27.6b | ฿8.9b | 9.8x | 22.4x | 7.2x |
| Sun, 14 Aug 2022 | ฿179.0b | ฿29.2b | ฿9.5b | 9.6x | 18.8x | 6.1x |
| Tue, 12 Jul 2022 | ฿175.9b | ฿29.4b | ฿9.7b | 8x | 18.1x | 6x |
| Thu, 09 Jun 2022 | ฿192.9b | ฿29.6b | ฿9.7b | 9x | 19.8x | 6.5x |
| Sat, 07 May 2022 | ฿172.1b | ฿30.4b | ฿10.3b | 8.8x | 16.7x | 5.7x |
| Mon, 04 Apr 2022 | ฿177.2b | ฿25.3b | ฿8.4b | 10.7x | 21.1x | 7x |
| Wed, 02 Mar 2022 | ฿179.9b | ฿24.2b | ฿8.2b | 10.3x | 21.9x | 7.4x |
| Fri, 28 Jan 2022 | ฿178.1b | ฿65.4b | ฿7.9b | 10.7x | 22.5x | 2.7x |
Price to Earnings Ratio
22.5x
Current Industry PE
- Investors are optimistic on the Thai Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 66.9x which is higher than its 3-year average PE of 28.0x.
- The industry is trading close to its 3-year average PS ratio of 6.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 38% per year over the last three years,
- Revenues have also declined 31% 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 | -1.08% | |
| Financials | -0.84% | |
| Capital Markets | 0.39% | |
| Asset Management | 3.44% | |
| Financial Exchanges and Data | 0% | 0 |
| Diversified Capital Markets | 0% | 0 |
| Investment Banking and Brokerage | -0.074% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 28.6x.
- Analysts are expecting annual earnings growth of 71.4%, which is higher than its past year's earnings decline of 22.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 71% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 71% 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 | |
|---|---|---|---|---|---|
| AIRA AIRA Capital | ฿1.23 | 3.4% +฿252.6m | -32.8% | PS9.5x | |
| XPG XSpring Capital | ฿0.92 | 2.2% +฿214.0m | -9.8% | PE66.1x | |
| MFC MFC Asset Management | ฿30.25 | 4.3% +฿157.0m | 46.8% | PE17.8x | |
| BYD Beyond Securities | ฿0.69 | 1.5% +฿52.1m | -83.3% | PE19x | |
| UOBKH UOB Kay Hian Securities (Thailand) | ฿5.35 | 1.9% +฿50.2m | 10.5% | PE43.1x |