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Thai (SET) Insurance Industry Analysis

UpdatedMar 26, 2024
DataAggregated Company Financials
Companies19
  • 7D-1.1%
  • 3M-1.9%
  • 1Y-22.9%
  • YTD-3.0%

In the last week, the Insurance industry is flat overall, with TQM Alpha standing out by going down 3.7%. As for the longer term, the industry has declined 23% in the last year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Thai Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Mar 2024฿249.6b฿258.2b฿20.0b10.9x12.5x1x
Thu, 22 Feb 2024฿248.6b฿258.9b฿19.6b11.1x12.7x1x
Sat, 20 Jan 2024฿250.4b฿268.9b฿16.2b11.7x15.4x0.9x
Mon, 18 Dec 2023฿255.2b฿268.9b฿16.2b11.8x15.7x0.9x
Wed, 15 Nov 2023฿266.5b฿265.7b฿16.3b12.7x16.4x1x
Fri, 13 Oct 2023฿304.0b฿265.6b฿16.9b15.5x18x1.1x
Sun, 10 Sep 2023฿314.0b฿265.6b฿16.9b15.3x18.6x1.2x
Tue, 08 Aug 2023฿296.3b฿269.1b฿15.9b17.6x18.7x1.1x
Thu, 06 Jul 2023฿302.9b฿269.1b฿15.9b18.6x19.1x1.1x
Sat, 03 Jun 2023฿326.4b฿269.1b฿15.9b18.6x20.6x1.2x
Mon, 01 May 2023฿315.0b฿271.2b-฿14,503,187,083.0015.1x-21.7x1.2x
Wed, 29 Mar 2023฿327.4b฿271.2b-฿14,503,187,083.0015.6x-22.6x1.2x
Fri, 24 Feb 2023฿370.6b฿269.4b-฿20,212,234,695.0023.1x-18.3x1.4x
Sun, 22 Jan 2023฿361.7b฿270.2b-฿20,943,500,043.0022.9x-17.3x1.3x
Tue, 20 Dec 2022฿369.4b฿270.2b-฿20,937,218,043.0023.3x-17.6x1.4x
Thu, 17 Nov 2022฿373.3b฿267.9b-฿22,953,332,385.0020.5x-16.3x1.4x
Sat, 15 Oct 2022฿379.6b฿268.0b-฿26,101,149,766.0017.9x-14.5x1.4x
Mon, 12 Sep 2022฿415.2b฿267.6b-฿26,101,146,766.0019.6x-15.9x1.6x
Wed, 10 Aug 2022฿399.3b฿267.3b-฿22,525,455,399.0019x-17.7x1.5x
Fri, 08 Jul 2022฿223.1b฿157.3b-฿31,034,972,454.0019.4x-7.2x1.4x
Sun, 05 Jun 2022฿227.1b฿157.3b-฿31,034,972,454.0020.8x-7.3x1.4x
Tue, 03 May 2022฿236.8b฿156.8b฿1.5b22.3x155.7x1.5x
Thu, 31 Mar 2022฿227.1b฿156.6b฿1.8b20x127x1.5x
Sat, 26 Feb 2022฿230.0b฿156.2b฿5.0b23.9x46.1x1.5x
Mon, 24 Jan 2022฿240.8b฿155.9b฿6.3b22x38.2x1.5x
Wed, 22 Dec 2021฿232.9b฿155.9b฿6.3b19.4x36.9x1.5x
Fri, 19 Nov 2021฿220.2b฿166.8b฿8.4b14.3x26.1x1.3x
Sun, 17 Oct 2021฿223.8b฿165.6b฿14.6b11.7x15.3x1.4x
Tue, 14 Sep 2021฿196.3b฿152.4b฿12.4b11.2x15.9x1.3x
Thu, 12 Aug 2021฿195.0b฿152.4b฿12.4b11.1x15.8x1.3x
Mon, 07 Jun 2021฿211.8b฿149.0b฿13.1b10.4x16.2x1.4x
Price to Earnings Ratio

15.2x


Total Market Cap: ฿199.0bTotal Earnings: ฿13.1bTotal Revenue: ฿149.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Insurance Industry Price to Earnings3Y Average 15.3x202220232024
Current Industry PE
  • Investors are pessimistic on the Thai Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.6x which is lower than its 3-year average PE of 15.3x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.97x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

TH Market-0.99%
Financials0.11%
Insurance-1.06%
Property and Casualty Insurance0.89%
General Insurance-0.55%
Life and Health Insurance-1.79%
Insurance Brokers-3.46%
Reinsurance-3.77%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 31.0x.
    • Analysts are expecting annual earnings growth of 7.7%, which is higher than its past year's earnings growth of 0.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 59% per year.
  • In contrast, the Insurance Brokers industry is expected to see its earnings grow by 7.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TIPH Dhipaya Group Holdings฿31.751.6%
+฿297.1m
-25.3%PE10.7x
AYUD Allianz Ayudhya Capital฿36.251.4%
+฿194.6m
-7.1%PE15.1x
MTI Muang Thai Insurance฿110.500.9%
+฿59.0m
-2.2%PE9.9x
TSI Thai Setakij Insurance฿0.157.1%
+฿19.0m
-50.0%PS0.5x
CHARAN Charan Insurance฿23.900.8%
+฿2.4m
-28.1%PE10.6x
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Latest News

TVH

฿8.50

Thaivivat Holdings

7D

-2.3%

1Y

-14.6%

BLA

฿17.90

Bangkok Life Assurance

7D

-2.2%

1Y

-38.3%

TQM

฿26.00

TQM Alpha

7D

-3.7%

1Y

-22.4%

MTI

฿110.50

Muang Thai Insurance

7D

0.9%

1Y

-2.2%

KWI

฿0.60

KWI

7D

-3.2%

1Y

-69.7%

AYUD

฿36.25

Allianz Ayudhya Capital

7D

1.4%

1Y

-7.1%

TLI

฿9.10

Thai Life Insurance

7D

-2.2%

1Y

-28.3%

THRE

฿0.84

Thai Reinsurance

7D

-5.6%

1Y

-17.6%

TSI

฿0.15

Thai Setakij Insurance

7D

7.1%

1Y

-50.0%

BKI

฿310.00

Bangkok Insurance

7D

-1.0%

1Y

9.2%

TIPH

฿31.75

Dhipaya Group Holdings

7D

1.6%

1Y

-25.3%

TGH

฿16.40

Thai Group Holdings

7D

-0.6%

1Y

-15.9%

CHARAN

฿23.90

Charan Insurance

7D

0.8%

1Y

-28.1%