Thai (SET) Capital Markets Industry Analysis
UpdatedDec 03, 2022
DataAggregated Company Financials
Companies15
- 7D2.1%
- 3M-4.1%
- 1Y-20.3%
- YTD-31.1%
The Capital Markets industry has gained 2.1% in the last week and Bualuang Securities up 9.2%. In contrast, the industry has lost 20% in the last 12 months. As for the next few years, earnings are expected to grow by 15% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 03 Dec 2022 | ฿186.0b | ฿26.9b | ฿8.3b | 10x | 22.4x | 6.9x |
| Mon, 31 Oct 2022 | ฿187.7b | ฿27.4b | ฿8.8b | 9.6x | 21.3x | 6.9x |
| Wed, 28 Sep 2022 | ฿207.3b | ฿27.6b | ฿8.9b | 9.7x | 23.4x | 7.5x |
| Fri, 26 Aug 2022 | ฿183.7b | ฿26.1b | ฿9.2b | 9.9x | 19.9x | 7x |
| Sun, 24 Jul 2022 | ฿173.9b | ฿29.6b | ฿9.7b | 8.5x | 17.8x | 5.9x |
| Tue, 21 Jun 2022 | ฿186.4b | ฿29.6b | ฿9.7b | 8.6x | 19.1x | 6.3x |
| Thu, 19 May 2022 | ฿166.9b | ฿29.6b | ฿9.7b | 8.6x | 17.1x | 5.6x |
| Sat, 16 Apr 2022 | ฿161.0b | ฿25.3b | ฿8.4b | 9.7x | 19.2x | 6.4x |
| Mon, 14 Mar 2022 | ฿173.2b | ฿25.3b | ฿8.4b | 10.7x | 20.6x | 6.8x |
| Wed, 09 Feb 2022 | ฿188.5b | ฿65.4b | ฿7.9b | 11x | 23.8x | 2.9x |
| Fri, 07 Jan 2022 | ฿190.3b | ฿65.4b | ฿7.9b | n/a | 24.1x | 2.9x |
| Sun, 05 Dec 2021 | ฿171.7b | ฿65.4b | ฿7.9b | 9.6x | 21.7x | 2.6x |
| Tue, 02 Nov 2021 | ฿158.2b | ฿72.0b | ฿7.2b | 11x | 22.1x | 2.2x |
| Thu, 30 Sep 2021 | ฿154.3b | ฿71.7b | ฿7.1b | 10.2x | 21.9x | 2.2x |
| Sat, 28 Aug 2021 | ฿141.2b | ฿71.7b | ฿7.1b | 10.3x | 20x | 2x |
| Sun, 04 Jul 2021 | ฿139.5b | ฿71.7b | ฿7.1b | 10.5x | 19.8x | 1.9x |
| Wed, 07 Apr 2021 | ฿127.3b | ฿70.7b | ฿6.1b | 10.4x | 20.8x | 1.8x |
| Sat, 09 Jan 2021 | ฿106.5b | ฿73.7b | ฿4.3b | 12.4x | 25x | 1.4x |
| Fri, 02 Oct 2020 | ฿92.6b | ฿74.4b | ฿8.7b | 11.2x | 10.6x | 1.2x |
| Mon, 06 Jul 2020 | ฿110.7b | ฿80.1b | ฿8.6b | 11.8x | 12.8x | 1.4x |
| Thu, 09 Apr 2020 | ฿90.8b | ฿97.0b | ฿8.9b | 10.7x | 10.2x | 0.9x |
| Wed, 01 Jan 2020 | ฿89.8b | ฿103.1b | ฿12.1b | 14.9x | 7.4x | 0.9x |
Price to Earnings Ratio
26.3x
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 22.4x which is higher than its 3-year average PE of 17.8x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 84% per year over the last three years.
- Meanwhile revenues for these companies have declined 33% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Thai Financials industry?
| TH Market | 1.26% | |
| Financials | 0.74% | |
| Capital Markets | 2.13% | |
| Investment Banking and Brokerage | 3.71% | |
| Financial Exchanges and Data | 0% | |
| Diversified Capital Markets | 0% | |
| Asset Management | -0.64% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 17.0x.
- 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 24.5x.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 15% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Asset Management industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| FUEVFVND01 Bualuang Securities | ฿32.75 | 9.2% +฿1.4b | n/a | PE9.1x | |
| XPG XSpring Capital | ฿1.58 | 9.7% +฿1.3b | -46.6% | PS275.7x | |
| BYD Beyond Securities | ฿13.30 | 2.3% +฿1.3b | -7.6% | PS435.5x | |
| CGH Country Group Holdings | ฿0.65 | 6.6% +฿160.2m | -52.2% | PE23.4x | |
| UOBKH UOB Kay Hian Securities (Thailand) | ฿5.25 | 2.9% +฿75.4m | -5.4% | PE10.4x |