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Thai (SET) Insurance Industry Analysis

UpdatedDec 03, 2022
DataAggregated Company Financials
Companies21
  • 7D0.2%
  • 3M-8.3%
  • 1Y-6.2%
  • YTD-12.9%

Over the last 7 days, the Insurance industry has remained flat, although notably KWI declined by 5.7%. Unfortunately though, the industry is down 6.2% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Dec 2022฿374.0b฿270.2b-฿20,937,218,046.0023x-17.9x1.4x
Mon, 31 Oct 2022฿387.5b฿268.0b-฿26,101,149,766.0017.8x-14.8x1.4x
Wed, 28 Sep 2022฿417.8b฿267.6b-฿26,101,146,766.0018.3x-16x1.6x
Fri, 26 Aug 2022฿410.7b฿267.6b-฿26,101,146,766.0017.8x-15.7x1.5x
Sun, 24 Jul 2022฿218.0b฿157.3b-฿31,034,972,454.0018.9x-7x1.4x
Tue, 21 Jun 2022฿232.9b฿157.3b-฿31,034,972,454.0020.8x-7.5x1.5x
Thu, 19 May 2022฿220.8b฿158.2b-฿2,605,160,821.0020.3x-84.7x1.4x
Sat, 16 Apr 2022฿223.2b฿156.8b฿1.5b20.9x146.8x1.4x
Mon, 14 Mar 2022฿221.5b฿156.6b฿1.8b19.2x123.8x1.4x
Wed, 09 Feb 2022฿241.3b฿155.9b฿6.3b23.6x38.2x1.5x
Fri, 07 Jan 2022฿249.7b฿155.9b฿6.3bn/a39.6x1.6x
Sun, 05 Dec 2021฿211.1b฿155.9b฿6.3b16.4x33.4x1.4x
Tue, 02 Nov 2021฿219.6b฿165.6b฿14.6b11.2x15x1.3x
Thu, 30 Sep 2021฿220.2b฿165.6b฿14.6b11.4x15.1x1.3x
Sat, 28 Aug 2021฿198.2b฿152.4b฿12.4b11.7x16x1.3x
Sun, 04 Jul 2021฿205.3b฿152.4b฿12.4b11x16.6x1.3x
Wed, 07 Apr 2021฿199.0b฿149.0b฿13.1b10.1x15.2x1.3x
Sat, 09 Jan 2021฿185.5b฿148.0b฿10.4b18.2x17.8x1.3x
Fri, 02 Oct 2020฿168.6b฿146.7b฿9.5b16.5x17.8x1.1x
Mon, 06 Jul 2020฿165.6b฿147.6b฿10.0b18.9x16.6x1.1x
Thu, 09 Apr 2020฿131.5b฿147.7b฿9.6b8.8x13.7x0.9x
Wed, 01 Jan 2020฿166.7b฿145.1b฿11.3b12.8x14.8x1.1x
Price to Earnings Ratio

13.3x


Total Market Cap: ฿164.7bTotal Earnings: ฿12.4bTotal Revenue: ฿145.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Insurance Industry Price to Earnings3Y Average 20.3x202020212022
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 PS ratio of 1.3x.
Past Earnings Growth
  • Total earnings for the Insurance industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 23% 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 Financials industry?

TH Market1.26%
Financials0.74%
Insurance0.23%
Insurance Brokers1.84%
Reinsurance1.67%
Property and Casualty Insurance0.61%
Life and Health Insurance0%
General Insurance-1.58%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 42.6x.
    • Analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings decline of 3.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 3.8% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 18% 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
TQM TQM Alpha฿39.251.9%
+฿450.0m
-25.9%PE28.6x
TIPH Dhipaya Group Holdings฿51.251.5%
+฿445.7m
-10.9%PE31.2x
BKI Bangkok Insurance฿276.000.4%
+฿106.5m
3.0%PS1.3x
THREL Thaire Life Assurance฿4.442.8%
+฿72.0m
49.0%PE17.4x
MTI Muang Thai Insurance฿125.500.8%
+฿59.0m
9.1%PE8.8x
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Latest News

NSI

฿201.00

Nam Seng Insurance

7D

0.8%

1Y

149.7%

KWI

฿2.66

KWI

7D

-5.7%

1Y

67.3%

BKI

฿276.00

Bangkok Insurance

7D

0.4%

1Y

3.0%

TVI

฿12.00

Thaivivat Insurance

7D

-0.8%

1Y

-10.4%

TQR

฿12.30

TQR

7D

0.8%

1Y

-12.1%

TQM

฿39.25

TQM Alpha

7D

1.9%

1Y

-25.9%

THREL

฿4.44

Thaire Life Assurance

7D

2.8%

1Y

49.0%

TIPH

฿51.25

Dhipaya Group Holdings

7D

1.5%

1Y

-10.9%

THRE

฿1.02

Thai Reinsurance

7D

1.0%

1Y

-2.9%

SMK

฿4.70

Syn Mun Kong Insurance

7D

-2.1%

1Y

-76.6%

NKI

฿33.75

Navakij Insurance

7D

-0.7%

1Y

-22.0%

MTI

฿125.50

Muang Thai Insurance

7D

0.8%

1Y

9.1%

CHARAN

฿28.50

Charan Insurance

7D

-1.7%

1Y

-4.2%

BUI

฿17.80

Bangkok Union Insurance

7D

-1.1%

1Y

18.7%