Has the Thai Insurance Industry valuation changed over the past few years?
|Sun, 05 Dec 2021||฿207.5b||฿155.9b||฿6.3b||15.7x|
|Tue, 02 Nov 2021||฿219.6b||฿165.6b||฿14.6b||11.2x|
|Thu, 30 Sep 2021||฿220.2b||฿165.6b||฿14.6b||11.4x|
|Sat, 28 Aug 2021||฿198.2b||฿152.4b||฿12.4b||11.7x|
|Sun, 04 Jul 2021||฿205.3b||฿152.4b||฿12.4b||11x|
|Wed, 07 Apr 2021||฿199.0b||฿149.0b||฿13.1b||10.1x|
|Sat, 09 Jan 2021||฿185.5b||฿148.0b||฿10.4b||18.2x|
|Fri, 02 Oct 2020||฿168.6b||฿146.7b||฿9.5b||16.5x|
|Mon, 06 Jul 2020||฿165.6b||฿147.6b||฿10.0b||18.9x|
|Thu, 09 Apr 2020||฿131.5b||฿147.7b||฿9.6b||8.8x|
|Wed, 01 Jan 2020||฿166.7b||฿145.1b||฿11.3b||12.8x|
|Sat, 05 Oct 2019||฿164.1b||฿145.7b||฿12.4b||15.3x|
|Tue, 09 Jul 2019||฿149.2b||฿117.2b||฿10.5b||17.1x|
|Mon, 01 Apr 2019||฿144.7b||฿115.7b||฿10.6b||14.8x|
|Thu, 03 Jan 2019||฿139.8b||฿117.5b||฿10.7b||14.9x|
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.
Which industries have driven the changes within the Thai Insurance industry?
|Life and Health Insurance||2.48%|
|Property and Casualty Insurance||0.66%|
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.
Which companies have driven the market over the last 7 days?
Thai Group Holdings
Syn Mun Kong Insurance
Muang Thai Insurance
Dhipaya Group Holdings
Bangkok Life Assurance
Allianz Ayudhya Capital
Thaire Life Assurance
Thai Setakij Insurance