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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | ฿121.8b | ฿23.7b | ฿5.6b | 12.7x | 21.7x | 5.1x |
| Mon, 30 Oct 2023 | ฿123.5b | ฿23.4b | ฿5.5b | 13.3x | 22.6x | 5.3x |
| Wed, 27 Sep 2023 | ฿135.6b | ฿23.5b | ฿5.5b | 14.3x | 24.7x | 5.8x |
| Fri, 25 Aug 2023 | ฿139.8b | ฿23.5b | ฿5.5b | 14.4x | 25.3x | 6x |
| Sun, 23 Jul 2023 | ฿131.6b | ฿23.8b | ฿6.3b | 12.7x | 21x | 5.5x |
| Tue, 20 Jun 2023 | ฿128.3b | ฿23.8b | ฿6.3b | 13x | 20.5x | 5.4x |
| Thu, 18 May 2023 | ฿128.9b | ฿24.1b | ฿6.5b | 12.4x | 20x | 5.3x |
| Sat, 15 Apr 2023 | ฿140.0b | ฿24.7b | ฿6.8b | 12.3x | 20.6x | 5.7x |
| Mon, 13 Mar 2023 | ฿122.6b | ฿24.7b | ฿6.8b | 12.7x | 18x | 5x |
| Wed, 08 Feb 2023 | ฿186.5b | ฿26.8b | ฿8.2b | 11.8x | 22.7x | 7x |
| Fri, 06 Jan 2023 | ฿185.1b | ฿26.8b | ฿8.2b | 10.6x | 22.5x | 6.9x |
| Sun, 04 Dec 2022 | ฿186.0b | ฿26.8b | ฿8.2b | 10.4x | 22.6x | 6.9x |
| Tue, 01 Nov 2022 | ฿187.5b | ฿27.4b | ฿8.8b | 9.5x | 21.2x | 6.8x |
| Thu, 29 Sep 2022 | ฿206.5b | ฿27.6b | ฿8.9b | 9.6x | 23.3x | 7.5x |
| Sat, 27 Aug 2022 | ฿186.4b | ฿28.3b | ฿9.2b | 10x | 20.2x | 6.6x |
| Mon, 25 Jul 2022 | ฿173.9b | ฿29.6b | ฿9.7b | 8.5x | 17.8x | 5.9x |
| Wed, 22 Jun 2022 | ฿188.1b | ฿29.6b | ฿9.7b | 8.6x | 19.3x | 6.4x |
| Fri, 20 May 2022 | ฿165.1b | ฿29.6b | ฿9.7b | 8.6x | 17x | 5.6x |
| Sun, 17 Apr 2022 | ฿161.0b | ฿25.3b | ฿8.4b | 9.7x | 19.2x | 6.4x |
| Tue, 15 Mar 2022 | ฿172.7b | ฿25.3b | ฿8.4b | 10.7x | 20.6x | 6.8x |
| Thu, 10 Feb 2022 | ฿190.5b | ฿65.4b | ฿7.9b | 11.2x | 24x | 2.9x |
| Sat, 08 Jan 2022 | ฿191.3b | ฿65.4b | ฿7.9b | 10.6x | 24.2x | 2.9x |
| Mon, 06 Dec 2021 | ฿171.7b | ฿65.4b | ฿7.9b | 9.6x | 21.7x | 2.6x |
| Wed, 03 Nov 2021 | ฿158.2b | ฿72.0b | ฿7.2b | n/a | 22.1x | 2.2x |
| Fri, 01 Oct 2021 | ฿153.2b | ฿71.7b | ฿7.1b | 10.2x | 21.7x | 2.1x |
| Sun, 29 Aug 2021 | ฿141.2b | ฿71.7b | ฿7.1b | 10.3x | 20x | 2x |
| Mon, 05 Jul 2021 | ฿139.5b | ฿71.7b | ฿7.1b | 10.5x | 19.8x | 1.9x |
| Thu, 08 Apr 2021 | ฿127.3b | ฿70.7b | ฿6.1b | 10.4x | 20.8x | 1.8x |
| Sun, 10 Jan 2021 | ฿106.5b | ฿73.7b | ฿4.3b | 12.4x | 25x | 1.4x |
Price to Earnings Ratio
11.6x
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 Management | 1.71% | |
| Financial Exchanges and Data | 0% | |
| Diversified Capital Markets | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BAM Bangkok Commercial Asset Management | ฿8.30 | 1.8% +฿484.8m | -46.5% | PE13.8x | |
| AIRA AIRA Capital | ฿1.84 | 1.7% +฿189.4m | -8.9% | PS15.5x | |
| FSX Finansia X | ฿2.76 | 7.0% +฿104.4m | n/a | n/a | |
| MST Maybank Securities (Thailand) | ฿10.80 | 0.9% +฿57.1m | -4.4% | PE12.6x | |
| MFC MFC Asset Management | ฿19.70 | 0.5% +฿12.6m | -14.3% | PE12.9x |