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Thai (SET) Insurance Industry Analysis
UpdatedSep 06, 2024
DataAggregated Company Financials
Companies19
- 7D5.8%
- 3M-1.4%
- 1Y-25.4%
- YTD-9.2%
In the last week, the Insurance industry is up 5.8%, with Thai Life Insurance up 7.7%. In contrast, the industry has lost 25% in the last 12 months. As for the next few years, earnings are expected to grow by 8.7% per annum.
Industry Valuation and Performance
Has the Thai Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 06 Sep 2024 | ฿233.3b | ฿263.8b | ฿20.4b | 10.4x | 11.4x | 0.9x |
| Sun, 04 Aug 2024 | ฿216.3b | ฿262.8b | ฿20.2b | 10.1x | 10.7x | 0.8x |
| Tue, 02 Jul 2024 | ฿225.7b | ฿262.8b | ฿20.2b | 10.6x | 11.2x | 0.9x |
| Thu, 30 May 2024 | ฿244.3b | ฿262.7b | ฿20.3b | 11.5x | 12x | 0.9x |
| Sat, 27 Apr 2024 | ฿242.0b | ฿258.2b | ฿20.0b | 10.6x | 12.1x | 0.9x |
| Mon, 25 Mar 2024 | ฿251.7b | ฿258.2b | ฿20.0b | 11x | 12.6x | 1x |
| Wed, 21 Feb 2024 | ฿241.4b | ฿258.9b | ฿19.5b | 10.7x | 12.4x | 0.9x |
| Fri, 19 Jan 2024 | ฿249.1b | ฿268.9b | ฿16.2b | 11.7x | 15.3x | 0.9x |
| Sun, 17 Dec 2023 | ฿255.2b | ฿268.9b | ฿16.2b | 11.8x | 15.7x | 0.9x |
| Tue, 14 Nov 2023 | ฿265.0b | ฿265.5b | ฿16.6b | 12.6x | 16x | 1x |
| Thu, 12 Oct 2023 | ฿306.6b | ฿265.6b | ฿16.9b | 15.7x | 18.2x | 1.2x |
| Sat, 09 Sep 2023 | ฿314.0b | ฿265.6b | ฿16.9b | 15.3x | 18.6x | 1.2x |
| Mon, 07 Aug 2023 | ฿295.8b | ฿269.1b | ฿15.9b | 17.8x | 18.7x | 1.1x |
| Wed, 05 Jul 2023 | ฿305.7b | ฿269.1b | ฿15.9b | 18.5x | 19.3x | 1.1x |
| Fri, 02 Jun 2023 | ฿326.8b | ฿269.1b | ฿15.9b | 19x | 20.6x | 1.2x |
| Sun, 30 Apr 2023 | ฿315.0b | ฿271.2b | -฿14,503,187,083.00 | 15.1x | -21.7x | 1.2x |
| Tue, 28 Mar 2023 | ฿322.6b | ฿271.2b | -฿14,503,187,083.00 | 15.2x | -22.2x | 1.2x |
| Thu, 23 Feb 2023 | ฿368.0b | ฿270.2b | -฿20,943,500,043.00 | 23.1x | -17.6x | 1.4x |
| Sat, 21 Jan 2023 | ฿361.7b | ฿270.2b | -฿20,943,500,043.00 | 22.9x | -17.3x | 1.3x |
| Mon, 19 Dec 2022 | ฿372.0b | ฿270.2b | -฿20,937,218,043.00 | 23.3x | -17.8x | 1.4x |
| Wed, 16 Nov 2022 | ฿377.0b | ฿267.9b | -฿22,961,895,385.00 | 20.8x | -16.4x | 1.4x |
| Fri, 14 Oct 2022 | ฿379.6b | ฿268.0b | -฿26,101,149,766.00 | 17.9x | -14.5x | 1.4x |
| Sun, 11 Sep 2022 | ฿415.2b | ฿267.6b | -฿26,101,146,766.00 | 19.6x | -15.9x | 1.6x |
| Tue, 09 Aug 2022 | ฿392.4b | ฿267.3b | -฿22,528,592,372.00 | 18.9x | -17.4x | 1.5x |
| Thu, 07 Jul 2022 | ฿218.3b | ฿157.3b | -฿31,034,972,454.00 | 19x | -7x | 1.4x |
| Sat, 04 Jun 2022 | ฿227.1b | ฿157.3b | -฿31,034,972,454.00 | 20.8x | -7.3x | 1.4x |
| Mon, 02 May 2022 | ฿236.8b | ฿156.8b | ฿1.5b | 22.3x | 155.7x | 1.5x |
| Wed, 30 Mar 2022 | ฿230.2b | ฿156.6b | ฿1.8b | 20.5x | 128.7x | 1.5x |
| Fri, 25 Feb 2022 | ฿230.0b | ฿156.2b | ฿5.0b | 23.9x | 46.1x | 1.5x |
| Sun, 23 Jan 2022 | ฿240.8b | ฿155.9b | ฿6.3b | 22x | 38.2x | 1.5x |
| Tue, 21 Dec 2021 | ฿230.2b | ฿155.9b | ฿6.3b | 18.8x | 36.5x | 1.5x |
| Thu, 18 Nov 2021 | ฿218.0b | ฿166.6b | ฿9.1b | 13.3x | 23.9x | 1.3x |
| Sat, 16 Oct 2021 | ฿223.8b | ฿165.6b | ฿14.6b | 11.7x | 15.3x | 1.4x |
| Mon, 13 Sep 2021 | ฿197.4b | ฿152.4b | ฿12.4b | 11.2x | 16x | 1.3x |
Price to Earnings Ratio
16x
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 11.4x which is lower than its 3-year average PE of 14.6x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.88x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 18% 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 | 3.47% | |
| Financials | 2.78% | |
| Insurance | 5.75% | |
| Life and Health Insurance | 8.84% | |
| Property and Casualty Insurance | 3.03% | |
| Reinsurance | 1.58% | |
| General Insurance | 0.38% | |
| Insurance Brokers | 0.25% | |
Industry PE
- Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 26.7x.
- Analysts are expecting annual earnings growth of 9.6%, which is higher than its past year's earnings growth of 4.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 11% over the next 5 years.
- In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 8.5% 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 | |
|---|---|---|---|---|---|
| TLI Thai Life Insurance | ฿8.70 | 11.5% +฿10.3b | -29.3% | PE10x | |
| BLA Bangkok Life Assurance | ฿19.30 | 10.3% +฿3.1b | -20.9% | PE10.8x | |
| TIPH Dhipaya Group Holdings | ฿29.00 | 9.4% +฿1.5b | -27.5% | PE10.7x | |
| BKIH BKI Holdings | ฿306.00 | 2.7% +฿832.4m | -3.8% | PE11.1x | |
| TQM TQM Alpha | ฿28.50 | 2.7% +฿450.0m | -8.1% | PE20.2x |