Thai (SET) Capital Markets Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies16
- 7D-3.0%
- 3M-3.8%
- 1Y-19.1%
- YTD-6.3%
Over the last 7 days, the Capital Markets industry has dropped 4.7%, driven by a pullback from Beyond Securities of 13%. However, the industry is down 22% over the past year. Earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | ฿160.2b | ฿23.1b | ฿4.5b | 15.3x | 35.6x | 6.9x |
| Sat, 23 Mar 2024 | ฿164.1b | ฿23.1b | ฿4.5b | 16.1x | 36.5x | 7.1x |
| Mon, 19 Feb 2024 | ฿158.8b | ฿21.2b | ฿5.4b | 15x | 29.5x | 7.5x |
| Wed, 17 Jan 2024 | ฿86.1b | ฿19.6b | ฿4.5b | 13.3x | 19.3x | 4.4x |
| Fri, 15 Dec 2023 | ฿122.1b | ฿23.7b | ฿5.6b | 12.7x | 21.8x | 5.2x |
| Sun, 12 Nov 2023 | ฿121.4b | ฿23.3b | ฿5.4b | 13x | 22.5x | 5.2x |
| Tue, 10 Oct 2023 | ฿132.4b | ฿23.5b | ฿5.5b | 13.6x | 24.2x | 5.6x |
| Thu, 07 Sep 2023 | ฿143.2b | ฿23.4b | ฿5.5b | 15x | 26.1x | 6.1x |
| Sat, 05 Aug 2023 | ฿134.1b | ฿23.7b | ฿6.2b | 12.7x | 21.5x | 5.7x |
| Mon, 03 Jul 2023 | ฿127.9b | ฿23.8b | ฿6.3b | 12.7x | 20.5x | 5.4x |
| Wed, 31 May 2023 | ฿128.2b | ฿23.8b | ฿6.3b | 13.1x | 20.5x | 5.4x |
| Fri, 28 Apr 2023 | ฿133.8b | ฿24.7b | ฿6.8b | 11.9x | 19.7x | 5.4x |
| Sun, 26 Mar 2023 | ฿138.4b | ฿24.7b | ฿6.8b | 12.7x | 20.4x | 5.6x |
| Tue, 21 Feb 2023 | ฿178.9b | ฿26.6b | ฿8.2b | 10.7x | 21.8x | 6.7x |
| Thu, 19 Jan 2023 | ฿188.2b | ฿26.8b | ฿8.2b | 11.3x | 22.9x | 7x |
| Sat, 17 Dec 2022 | ฿188.1b | ฿26.8b | ฿8.2b | 10.2x | 22.9x | 7x |
| Mon, 14 Nov 2022 | ฿185.9b | ฿27.3b | ฿8.9b | 8.5x | 20.9x | 6.8x |
| Wed, 12 Oct 2022 | ฿187.8b | ฿27.6b | ฿8.9b | 9.5x | 21.2x | 6.8x |
| Fri, 09 Sep 2022 | ฿179.7b | ฿27.6b | ฿8.9b | 9.9x | 20.3x | 6.5x |
| Sun, 07 Aug 2022 | ฿178.0b | ฿29.0b | ฿9.5b | 9.6x | 18.8x | 6.1x |
| Tue, 05 Jul 2022 | ฿177.5b | ฿29.4b | ฿9.7b | 8.2x | 18.3x | 6x |
| Thu, 02 Jun 2022 | ฿193.0b | ฿29.6b | ฿9.7b | 9x | 19.8x | 6.5x |
| Sat, 30 Apr 2022 | ฿154.7b | ฿25.3b | ฿8.4b | 9.2x | 18.4x | 6.1x |
| Mon, 28 Mar 2022 | ฿173.9b | ฿25.3b | ฿8.4b | 10.5x | 20.7x | 6.9x |
| Wed, 23 Feb 2022 | ฿181.0b | ฿65.5b | ฿7.9b | 10.6x | 22.8x | 2.8x |
| Fri, 21 Jan 2022 | ฿186.8b | ฿65.4b | ฿7.9b | 11.3x | 23.6x | 2.9x |
| Sun, 19 Dec 2021 | ฿178.4b | ฿65.4b | ฿7.9b | 9.5x | 22.6x | 2.7x |
| Tue, 16 Nov 2021 | ฿163.8b | ฿65.1b | ฿7.7b | 8.9x | 21.3x | 2.5x |
| Thu, 14 Oct 2021 | ฿160.4b | ฿71.7b | ฿7.1b | 10.3x | 22.7x | 2.2x |
| Sat, 11 Sep 2021 | ฿162.2b | ฿71.7b | ฿7.1b | 10.2x | 23x | 2.3x |
| Mon, 09 Aug 2021 | ฿132.5b | ฿71.7b | ฿7.1b | 10.1x | 18.8x | 1.8x |
| Sun, 02 May 2021 | ฿130.0b | ฿70.7b | ฿6.1b | 11.7x | 21.3x | 1.8x |
Price to Earnings Ratio
21.3x
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 35.4x which is higher than its 3-year average PE of 22.0x.
- The 3-year average PS ratio of 5.0x 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 declined 9.7% 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 | -0.42% | |
| Financials | -0.82% | |
| Capital Markets | -2.98% | |
| Financial Exchanges and Data | 0% | |
| Diversified Capital Markets | 0% | |
| Asset Management | -1.39% | |
| Investment Banking and Brokerage | -3.66% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 20.7x.
- 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 25.5x.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 29% per year.
- In contrast, the Asset Management industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| CGH Country Group Holdings | ฿0.68 | 1.5% +฿40.1m | -10.5% | PS2.1x | |
| UOBKH UOB Kay Hian Securities (Thailand) | ฿4.76 | 1.3% +฿30.1m | -10.2% | PE26.3x | |
| MFC MFC Asset Management | ฿21.10 | 1.0% +฿25.1m | -11.3% | PE14x | |
| FSX Finansia X | ฿2.48 | 1.6% +฿23.2m | n/a | PS0.9x |