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Thai (SET) Insurance Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies19
- 7D-2.1%
- 3M-11.9%
- 1Y0.2%
- YTD-4.6%
The Insurance industry is up 1.8% in the last week, with Thai Group Holdings up 8.5%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 9.2% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | ฿243.0b | ฿261.8b | ฿20.5b | 10.9x | 11.9x | 0.9x |
| Mon, 30 Dec 2024 | ฿253.9b | ฿261.8b | ฿20.5b | 11.7x | 12.4x | 1x |
| Wed, 27 Nov 2024 | ฿255.5b | ฿261.8b | ฿20.5b | 11.3x | 12.5x | 1x |
| Fri, 25 Oct 2024 | ฿269.0b | ฿263.8b | ฿20.4b | 10.9x | 13.2x | 1x |
| Sun, 22 Sep 2024 | ฿243.7b | ฿263.8b | ฿20.4b | 10.4x | 11.9x | 0.9x |
| Tue, 20 Aug 2024 | ฿218.6b | ฿263.9b | ฿20.5b | 9.4x | 10.7x | 0.8x |
| Thu, 18 Jul 2024 | ฿221.0b | ฿262.8b | ฿20.2b | 10.4x | 10.9x | 0.8x |
| Sat, 15 Jun 2024 | ฿224.3b | ฿262.8b | ฿20.2b | 10.8x | 11.1x | 0.9x |
| Mon, 13 May 2024 | ฿248.9b | ฿258.6b | ฿20.4b | 11.3x | 12.2x | 1x |
| Wed, 10 Apr 2024 | ฿246.8b | ฿258.2b | ฿20.0b | 10.7x | 12.3x | 1x |
| Fri, 08 Mar 2024 | ฿250.3b | ฿258.2b | ฿20.0b | 11x | 12.5x | 1x |
| Sun, 04 Feb 2024 | ฿246.0b | ฿268.9b | ฿16.2b | 10.8x | 15.2x | 0.9x |
| Tue, 02 Jan 2024 | ฿254.8b | ฿268.9b | ฿16.2b | 11.7x | 15.7x | 0.9x |
| Thu, 30 Nov 2023 | ฿265.2b | ฿268.9b | ฿16.2b | 12.9x | 16.3x | 1x |
| Sat, 28 Oct 2023 | ฿283.4b | ฿265.6b | ฿16.9b | 13.8x | 16.8x | 1.1x |
| Mon, 25 Sep 2023 | ฿325.2b | ฿265.6b | ฿16.9b | 16.5x | 19.3x | 1.2x |
| Wed, 23 Aug 2023 | ฿293.4b | ฿265.6b | ฿16.9b | 14x | 17.4x | 1.1x |
| Fri, 21 Jul 2023 | ฿294.9b | ฿269.1b | ฿15.9b | 18.2x | 18.6x | 1.1x |
| Sun, 18 Jun 2023 | ฿334.0b | ฿269.1b | ฿15.9b | 18.6x | 21.1x | 1.2x |
| Tue, 16 May 2023 | ฿321.4b | ฿269.6b | ฿14.5b | 15.4x | 22.2x | 1.2x |
| Thu, 13 Apr 2023 | ฿328.2b | ฿271.2b | -฿14,503,187,083.00 | 15.5x | -22.6x | 1.2x |
| Sat, 11 Mar 2023 | ฿346.8b | ฿267.1b | -฿15,808,216,932.00 | 16.7x | -21.9x | 1.3x |
| Mon, 06 Feb 2023 | ฿358.4b | ฿270.2b | -฿20,943,500,043.00 | 23.4x | -17.1x | 1.3x |
| Wed, 04 Jan 2023 | ฿364.2b | ฿270.2b | -฿20,937,218,043.00 | 23.1x | -17.4x | 1.3x |
| Fri, 02 Dec 2022 | ฿375.8b | ฿270.2b | -฿20,937,218,046.00 | 23x | -17.9x | 1.4x |
| Sun, 30 Oct 2022 | ฿387.5b | ฿268.0b | -฿26,101,149,766.00 | 17.8x | -14.8x | 1.4x |
| Tue, 27 Sep 2022 | ฿430.9b | ฿267.6b | -฿26,101,146,766.00 | 19.7x | -16.5x | 1.6x |
| Thu, 25 Aug 2022 | ฿408.9b | ฿267.6b | -฿26,101,146,766.00 | 18x | -15.7x | 1.5x |
| Sat, 23 Jul 2022 | ฿219.0b | ฿157.3b | -฿31,034,972,454.00 | 19.4x | -7.1x | 1.4x |
| Mon, 20 Jun 2022 | ฿234.3b | ฿157.3b | -฿31,034,972,454.00 | 20.9x | -7.6x | 1.5x |
| Wed, 18 May 2022 | ฿219.6b | ฿158.7b | -฿2,449,658,811.00 | 20.5x | -89.6x | 1.4x |
| Fri, 15 Apr 2022 | ฿223.2b | ฿156.8b | ฿1.5b | 20.9x | 146.8x | 1.4x |
| Sun, 13 Mar 2022 | ฿221.5b | ฿156.6b | ฿1.8b | 19.2x | 123.8x | 1.4x |
| Tue, 08 Feb 2022 | ฿243.1b | ฿155.9b | ฿6.3b | 24.3x | 38.5x | 1.6x |
Price to Earnings Ratio
38.5x
Current Industry PE
- Investors are relatively neutral on the Thai Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 12.8x.
- 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 | -2.95% | |
| Financials | 0.67% | |
| Insurance | -2.06% | |
| General Insurance | 7.68% | |
| Property and Casualty Insurance | 0.44% | |
| Insurance Brokers | -0.96% | |
| Reinsurance | -1.82% | |
| Life and Health Insurance | -3.79% | |
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 9.1% 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 | |
|---|---|---|---|---|---|
| TGH Thai Group Holdings | ฿12.80 | 8.5% +฿752.1m | -22.9% | PE35.3x | |
| BKIH BKI Holdings | ฿288.00 | 1.4% +฿416.2m | -6.8% | PE10.9x | |
| TVH Thaivivat Holdings | ฿8.95 | 1.7% +฿45.0m | 8.5% | PE7.5x | |
| INSURE Indara Insurance | ฿80.75 | 0.9% +฿9.0m | -26.6% | PE8x | |
| ASN ASN Broker | ฿1.40 | 2.9% +฿7.5m | -23.5% | PE89.6x |