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Thai (SET) Insurance Industry Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
  • 7D0.6%
  • 3M8.8%
  • 1Y14.2%
  • YTD10.5%

Over the last 7 days, the Insurance industry has remained flat. As for the the longer term, the industry is up 14% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sun, 05 Dec 2021฿207.5b฿155.9b฿6.3b15.7x
Tue, 02 Nov 2021฿219.6b฿165.6b฿14.6b11.2x
Thu, 30 Sep 2021฿220.2b฿165.6b฿14.6b11.4x
Sat, 28 Aug 2021฿198.2b฿152.4b฿12.4b11.7x
Sun, 04 Jul 2021฿205.3b฿152.4b฿12.4b11x
Wed, 07 Apr 2021฿199.0b฿149.0b฿13.1b10.1x
Sat, 09 Jan 2021฿185.5b฿148.0b฿10.4b18.2x
Fri, 02 Oct 2020฿168.6b฿146.7b฿9.5b16.5x
Mon, 06 Jul 2020฿165.6b฿147.6b฿10.0b18.9x
Thu, 09 Apr 2020฿131.5b฿147.7b฿9.6b8.8x
Wed, 01 Jan 2020฿166.7b฿145.1b฿11.3b12.8x
Sat, 05 Oct 2019฿164.1b฿145.7b฿12.4b15.3x
Tue, 09 Jul 2019฿149.2b฿117.2b฿10.5b17.1x
Mon, 01 Apr 2019฿144.7b฿115.7b฿10.6b14.8x
Thu, 03 Jan 2019฿139.8b฿117.5b฿10.7b14.9x
PE Ratio


Total Market Cap: ฿139.8bTotal Earnings: ฿10.7bTotal Revenue: ฿117.5b0%0%0%3 Year10 Year

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 14.6x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Insurance industry have declined 16% per year over the last three years, while revenues for these companies have grown 9.9% 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 Insurance industry?

Life and Health Insurance2.48%
General Insurance0.97%
Property and Casualty Insurance0.66%
Insurance Brokers-1.59%

Industry PE: Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 36.8x. However analysts are expecting annual earnings growth of 22%, which is lower than the prior year's growth of 29% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Property and Casualty Insurance industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 11.5x.

Forecasted Growth: Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 36% over the next 5 years. However this is lower than its past earnings growth rate of 47% per year. Meanwhile, the Insurance Brokers industry is expected to see its earnings grow by 22% per year over the next few years.

Top Stock Gainers and Losers

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

BLA Bangkok Life Assurance2.5%+฿1.3b39.6%PE17.2x
MTI Muang Thai Insurance7.0%+฿442.5m39.4%PE9.5x
TIPH Dhipaya Group Holdings0.9%+฿297.1m111.0%PE16.4x
TVI Thaivivat Insurance6.3%+฿242.4m254.5%PE8.1x
AYUD Allianz Ayudhya Capital1.3%+฿194.6m11.8%PE11.1x
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