Thai (SET) Diversified Financial Industry Analysis

Industry Valuation and Performance

Has the Thai Diversified Financial Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 27 Jan 2023	฿9.0b	฿1.5b	฿372.8m	27.1x	24x	5.8x
Sun, 25 Dec 2022	฿8.7b	฿1.5b	฿372.8m	26.6x	23.3x	5.7x
Tue, 22 Nov 2022	฿8.2b	฿1.5b	฿372.8m	24.4x	22x	5.3x
Thu, 20 Oct 2022	฿8.4b	฿1.5b	฿391.7m	22.4x	21.5x	5.7x
Sat, 17 Sep 2022	฿9.3b	฿1.5b	฿391.7m	25.7x	23.8x	6.4x
Mon, 15 Aug 2022	฿9.2b	฿1.5b	฿390.5m	25.1x	23.5x	6.3x
Wed, 13 Jul 2022	฿9.2b	฿1.4b	฿388.8m	24.2x	23.7x	6.6x
Fri, 10 Jun 2022	฿11.1b	฿1.4b	฿388.8m	30x	28.5x	7.9x
Sun, 08 May 2022	฿11.5b	฿1.4b	฿388.2m	27.7x	29.6x	8.4x
Tue, 05 Apr 2022	฿12.8b	฿1.4b	฿388.2m	31x	32.9x	9.4x
Thu, 03 Mar 2022	฿13.3b	฿1.4b	฿315.3m	29.6x	42.3x	9.7x
Sat, 29 Jan 2022	฿13.4b	฿1.5b	฿436.3m	27.3x	30.8x	9.1x
Mon, 27 Dec 2021	฿13.8b	฿1.5b	฿436.3m	28x	31.5x	9.3x
Wed, 24 Nov 2021	฿14.0b	฿1.5b	฿436.3m	35.8x	32.1x	9.5x
Fri, 22 Oct 2021	฿14.0b	฿1.5b	฿442.0m	20.7x	31.6x	9.2x
Sun, 19 Sep 2021	฿13.4b	฿1.5b	฿442.0m	21.2x	30.3x	8.9x
Tue, 17 Aug 2021	฿12.1b	฿1.5b	฿442.0m	19.9x	27.4x	8x
Tue, 01 Jun 2021	฿14.0b	฿1.5b	฿416.5m	25x	33.7x	9.3x
Fri, 05 Mar 2021	฿11.4b	฿1.5b	฿427.3m	26.4x	26.6x	7.4x
Mon, 07 Dec 2020	฿8.6b	฿1.5b	฿370.3m	24x	23.2x	5.7x
Thu, 10 Sep 2020	฿3.9b	฿1.2b	฿272.4m	13.1x	14.3x	3.3x
Wed, 03 Jun 2020	฿4.3b	฿1.4b	฿481.5m	11x	9x	3.1x
Sat, 07 Mar 2020	฿4.2b	฿1.4b	฿485.5m	9x	8.7x	3x

Current Industry PE

Investors are relatively neutral on the Thai Diversified Financial industry at the moment, indicating that they anticipate long term growth rates to remain steady.

Past Earnings Growth

The earnings for companies in the Diversified Financial industry have declined 8.4% per year over the last three years.
Meanwhile revenues for these companies have grown 3.1% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Thai Financials industry?


TH Market	-0.97%
Financials	-2.12%
Diversified Financial	-3.61%
Other Diversified Financial Services	0%
Multi-Sector Holdings	0%
Specialized Finance	-3.61%

Industry PE

Investors are most optimistic about the Specialized Finance industry, which is trading close to its 3-year average PE ratio of 23.7x.

Analysts are expecting annual earnings decline of 7.7%, which is less than its past year's earnings decline of 15.1%.

Investors are most pessimistic about the Specialized Finance industry, which is trading close to its 3-year average of 23.7x.

Forecasted Growth

Despite it being negative, analysts are least pessimistic on the Specialized Finance industry since they expect its earnings to decline by only 7.7% per year over the next 5 years, which isn't as bad as the other industries.
This is an improvement from its past earnings decline of 15% per year.

In contrast, the Specialized Finance industry is expected to see its earnings decline by 7.7% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	GCAP G Capital	฿1.42	6.8% +฿33.6m	-46.6%	PS7.1x
	IFS IFS Capital (Thailand)	฿3.06	0.7% +฿9.9m	-4.4%	PE9.2x

Company

Last Price

Valuation

GCAP G Capital

฿1.42

6.8%
+฿33.6m

-46.6%

PS7.1x

IFS IFS Capital (Thailand)

฿3.06

0.7%
+฿9.9m

-4.4%

PE9.2x

Nov 19

Industry Valuation and Performance