Thai (SET) Healthcare Sector Analysis
UpdatedMay 12, 2022
DataAggregated Company Financials
Companies37
- 7D-3.1%
- 3M4.3%
- 1Y13.5%
- YTD4.9%
Over the last 7 days, the Healthcare industry has dropped 5.3%, driven by a pullback from Sri Trang Gloves (Thailand) of 18%. This takes the industry's 12 month performance to a gain of 11%. Looking forward, earnings are forecast to decline by 2.8% per year.
Sector Valuation and Performance
Has the Thai Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Fri, 13 May 2022 | ฿1.0t | ฿279.6b | ฿56.9b | 14.2x |
| Sun, 10 Apr 2022 | ฿1.1t | ฿281.8b | ฿64.1b | 16.7x |
| Tue, 08 Mar 2022 | ฿1.0t | ฿281.6b | ฿64.0b | 16.1x |
| Thu, 03 Feb 2022 | ฿983.8b | ฿265.6b | ฿61.2b | 20.1x |
| Sat, 01 Jan 2022 | ฿1.0t | ฿265.6b | ฿61.2b | 22x |
| Mon, 29 Nov 2021 | ฿998.1b | ฿265.4b | ฿61.1b | 19.9x |
| Wed, 27 Oct 2021 | ฿981.1b | ฿234.2b | ฿48.9b | 30.1x |
| Fri, 24 Sep 2021 | ฿973.3b | ฿234.2b | ฿48.9b | 30.2x |
| Sun, 22 Aug 2021 | ฿974.7b | ฿235.6b | ฿49.4b | 31.2x |
| Fri, 09 Jul 2021 | ฿970.5b | ฿235.6b | ฿49.4b | 27.8x |
| Thu, 01 Apr 2021 | ฿886.8b | ฿211.9b | ฿37.9b | 32.2x |
| Sun, 03 Jan 2021 | ฿830.6b | ฿205.4b | ฿31.1b | 30.9x |
| Wed, 07 Oct 2020 | ฿773.4b | ฿198.4b | ฿23.2b | 29.7x |
| Tue, 30 Jun 2020 | ฿742.8b | ฿186.4b | ฿20.5b | 30.7x |
| Fri, 03 Apr 2020 | ฿634.4b | ฿196.9b | ฿24.0b | 20.3x |
| Mon, 06 Jan 2020 | ฿835.3b | ฿196.4b | ฿29.5b | 26.3x |
| Thu, 10 Oct 2019 | ฿794.5b | ฿194.8b | ฿28.8b | 28.3x |
| Wed, 03 Jul 2019 | ฿870.3b | ฿191.1b | ฿28.2b | 31.9x |
Median PE Ratio
28.3x
Current Industry PE
- Investors are more pessimistic on the 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 14.0x which is lower than its 3-year average PE of 27.8x.
- Given that earnings are expected to decline by 2.8%, the lower than average PE seems justified.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 15% 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 Healthcare sector?
| TH Market | -2.48% | |
| Healthcare | -3.10% | |
| Healthtech | 0% | |
| Biotech | 0% | |
| Pharma | 0% | |
| Healthcare Services | -1.96% | |
| Life Sciences | -3.31% | |
| Medical Equipment | -19.66% | |
Industry PE
- Investors are most optimistic about the Life Sciences industry even though it's trading below its 3-year average PE ratio of 101x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 19.7x.
Forecasted Growth
- Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 6.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 40% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings decline by 53% 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 | |
|---|---|---|---|---|---|
| BDMS Bangkok Dusit Medical Services | ฿26.00 | 4.4% +฿17.5b | 25.6% | PS52.1x | |
| BH Bumrungrad Hospital | ฿166.00 | 2.8% +฿3.6b | 31.2% | PS71.3x | |
| THG Thonburi Healthcare Group | ฿57.75 | 4.1% +฿1.9b | 131.0% | PS23.5x | |
| CHG Chularat Hospital | ฿3.62 | 2.3% +฿880.0m | 19.1% | PS9.5x | |
| MEGA Mega Lifesciences | ฿48.25 | 1.6% +฿653.9m | 43.0% | PS21.6x |