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Thai (SET) Insurance Industry Analysis

UpdatedDec 22, 2024
DataAggregated Company Financials
Companies19
  • 7D-3.0%
  • 3M1.7%
  • 1Y-4.3%
  • YTD-3.5%

Over the last 7 days, the Insurance industry has dropped 3.0%, driven by a pullback from Thai Life Insurance of 2.8%. Overall the industry is down 4.3% in 12 months. As for the next few years, earnings are expected to grow by 9.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024฿247.8b฿261.8b฿20.5b11.2x12.1x0.9x
Tue, 19 Nov 2024฿251.6b฿267.1b฿21.0b11.2x12x0.9x
Thu, 17 Oct 2024฿277.9b฿263.8b฿20.4b11.4x13.6x1.1x
Sat, 14 Sep 2024฿236.7b฿263.8b฿20.4b9.9x11.6x0.9x
Mon, 12 Aug 2024฿207.4b฿263.9b฿20.3b9.3x10.2x0.8x
Wed, 10 Jul 2024฿227.1b฿262.8b฿20.2b10.6x11.2x0.9x
Fri, 07 Jun 2024฿238.1b฿262.5b฿20.4b10.9x11.7x0.9x
Sun, 05 May 2024฿246.7b฿258.2b฿20.0b11x12.3x1x
Tue, 02 Apr 2024฿246.9b฿258.2b฿20.0b10.7x12.4x1x
Thu, 29 Feb 2024฿243.7b฿257.8b฿18.7b11.3x13x0.9x
Sat, 27 Jan 2024฿247.7b฿268.9b฿16.2b11x15.3x0.9x
Mon, 25 Dec 2023฿262.5b฿268.9b฿16.2b12.6x16.2x1x
Wed, 22 Nov 2023฿269.0b฿268.9b฿16.2b12.9x16.6x1x
Fri, 20 Oct 2023฿304.2b฿265.6b฿16.9b15.5x18x1.1x
Sun, 17 Sep 2023฿327.5b฿265.6b฿16.9b16.4x19.4x1.2x
Tue, 15 Aug 2023฿293.1b฿266.2b฿17.2b13.6x17x1.1x
Thu, 13 Jul 2023฿292.8b฿269.1b฿15.9b18.6x18.5x1.1x
Sat, 10 Jun 2023฿331.2b฿269.1b฿15.9b18.6x20.9x1.2x
Mon, 08 May 2023฿314.4b฿271.2b-฿14,503,187,083.0015.3x-21.7x1.2x
Wed, 05 Apr 2023฿328.7b฿271.2b-฿14,503,187,083.0015.7x-22.7x1.2x
Fri, 03 Mar 2023฿349.8b฿270.7b-฿20,118,651,451.0018.7x-17.4x1.3x
Sun, 29 Jan 2023฿362.4b฿270.2b-฿20,943,500,043.0022.9x-17.3x1.3x
Tue, 27 Dec 2022฿364.1b฿270.2b-฿20,937,218,043.0023.2x-17.4x1.3x
Thu, 24 Nov 2022฿374.6b฿270.2b-฿20,937,218,046.0023x-17.9x1.4x
Sat, 22 Oct 2022฿385.7b฿268.0b-฿26,101,149,766.0017.9x-14.8x1.4x
Mon, 19 Sep 2022฿421.0b฿267.6b-฿26,101,146,766.0017.6x-16.1x1.6x
Wed, 17 Aug 2022฿404.3b฿264.6b-฿25,191,881,034.0017.6x-16.1x1.5x
Fri, 15 Jul 2022฿218.1b฿157.3b-฿31,034,972,454.0018.4x-7x1.4x
Sun, 12 Jun 2022฿233.7b฿157.3b-฿31,034,972,454.0021.3x-7.5x1.5x
Tue, 10 May 2022฿223.5b฿156.8b฿1.5b21.5x147x1.4x
Thu, 07 Apr 2022฿224.7b฿156.6b฿1.8b19.8x125.6x1.4x
Sat, 05 Mar 2022฿221.7b฿156.6b฿1.8b19x124x1.4x
Mon, 31 Jan 2022฿238.3b฿155.9b฿6.3b21.5x37.8x1.5x
Wed, 29 Dec 2021฿232.8b฿155.9b฿6.3b19.8x36.9x1.5x
Price to Earnings Ratio

36.9x


Total Market Cap: ฿232.8bTotal Earnings: ฿6.3bTotal Revenue: ฿155.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Insurance Industry Price to Earnings3Y Average 13.8x202220232024
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 12.1x which is lower than its 3-year average PE of 13.8x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.95x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 48% per year over the last three years.
  • Revenues for these companies have grown 19% 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-4.66%
Financials-3.02%
Insurance-3.00%
General Insurance-2.17%
Life and Health Insurance-2.73%
Reinsurance-3.10%
Property and Casualty Insurance-3.40%
Insurance Brokers-4.50%
Industry PE
  • Investors are most optimistic about the Reinsurance industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is better than its past earnings growth rate of 6.6% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 9.4% 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
ASN ASN Broker฿1.792.3%
+฿7.5m
-6.3%PE114.6x
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Latest News

TLI

฿10.40

Thai Life Insurance

7D

-2.8%

1Y

5.1%

THREL

฿1.58

Thaire Life Assurance

7D

-6.0%

1Y

-40.5%

BKIH

฿290.00

BKI Holdings

7D

-1.4%

1Y

-4.9%

TIPH

฿20.90

Dhipaya Group Holdings

7D

-12.2%

1Y

-27.9%

TQM

฿22.80

TQM Alpha

7D

-5.0%

1Y

-17.8%

AYUD

฿31.50

Allianz Ayudhya Capital

7D

-0.8%

1Y

-5.3%

ASN

฿1.79

ASN Broker

7D

2.3%

1Y

-6.3%

TGH

฿11.90

Thai Group Holdings

7D

-1.7%

1Y

-27.4%