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Thai (SET) Industrials Sector Analysis
UpdatedJul 06, 2025
DataAggregated Company Financials
Companies169
- 7D1.0%
- 3M-13.3%
- 1Y-40.7%
- YTD-40.9%
The Industrials is pretty flat in the last 7 days, but Regional Container Lines has stood out, gaining 9.9%. Unfortunately though, the industry is down 41% over the past 12 months. In the next few years earnings are forecast to be pretty stable.
Sector Valuation and Performance
Has the Thai Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 07 Jul 2025 | ฿904.0b | ฿792.3b | ฿49.5b | 10.4x | 18.3x | 1.1x |
| Wed, 04 Jun 2025 | ฿1.0t | ฿816.9b | ฿50.4b | 10.7x | 19.9x | 1.2x |
| Fri, 02 May 2025 | ฿1.1t | ฿835.6b | ฿42.7b | 12.5x | 25.8x | 1.3x |
| Sun, 30 Mar 2025 | ฿1.1t | ฿836.3b | ฿42.7b | 12x | 25.8x | 1.3x |
| Tue, 25 Feb 2025 | ฿1.2t | ฿808.0b | ฿50.1b | 11.7x | 24.1x | 1.5x |
| Thu, 23 Jan 2025 | ฿1.5t | ฿798.9b | ฿37.6b | 12.4x | 38.9x | 1.8x |
| Sat, 21 Dec 2024 | ฿1.5t | ฿796.0b | ฿37.3b | 13.7x | 39.9x | 1.9x |
| Mon, 18 Nov 2024 | ฿1.5t | ฿834.8b | ฿38.6b | 14.1x | 40.1x | 1.9x |
| Wed, 16 Oct 2024 | ฿1.6t | ฿782.0b | ฿37.2b | 15x | 43.4x | 2.1x |
| Fri, 13 Sep 2024 | ฿1.6t | ฿781.3b | ฿36.7b | 15.8x | 43.7x | 2.1x |
| Sun, 11 Aug 2024 | ฿1.5t | ฿776.1b | ฿32.9b | 13.5x | 44.3x | 1.9x |
| Tue, 09 Jul 2024 | ฿1.5t | ฿774.5b | ฿32.3b | 15x | 47x | 2x |
| Thu, 06 Jun 2024 | ฿1.6t | ฿773.8b | ฿32.7b | 15.4x | 50.4x | 2.1x |
| Sat, 04 May 2024 | ฿1.7t | ฿756.0b | ฿26.4b | 16.4x | 64.3x | 2.2x |
| Mon, 01 Apr 2024 | ฿1.7t | ฿754.4b | ฿25.7b | 17.1x | 65.8x | 2.2x |
| Wed, 28 Feb 2024 | ฿1.7t | ฿751.8b | ฿25.1b | 18x | 67.3x | 2.2x |
| Fri, 26 Jan 2024 | ฿1.6t | ฿760.9b | ฿32.3b | 16.5x | 50x | 2.1x |
| Sun, 24 Dec 2023 | ฿1.6t | ฿726.9b | ฿30.5b | 15.4x | 53.3x | 2.2x |
| Tue, 21 Nov 2023 | ฿1.7t | ฿718.1b | ฿25.6b | 15.1x | 67.7x | 2.4x |
| Thu, 19 Oct 2023 | ฿1.7t | ฿717.6b | ฿29.1b | 15.5x | 60x | 2.4x |
| Sat, 16 Sep 2023 | ฿1.9t | ฿713.5b | ฿28.7b | 16.7x | 64.4x | 2.6x |
| Mon, 14 Aug 2023 | ฿1.8t | ฿705.9b | ฿27.7b | 16.3x | 66.6x | 2.6x |
| Wed, 12 Jul 2023 | ฿1.8t | ฿702.4b | ฿26.4b | 16.1x | 68.8x | 2.6x |
| Fri, 09 Jun 2023 | ฿1.9t | ฿734.4b | ฿30.0b | 16.8x | 62x | 2.5x |
| Sun, 07 May 2023 | ฿2.0t | ฿725.1b | ฿31.1b | 19.1x | 63x | 2.7x |
| Tue, 04 Apr 2023 | ฿2.0t | ฿723.8b | ฿30.9b | 19.4x | 63.8x | 2.7x |
| Thu, 02 Mar 2023 | ฿2.0t | ฿701.1b | ฿38.8b | 20.7x | 51.9x | 2.9x |
| Sat, 28 Jan 2023 | ฿2.1t | ฿695.4b | ฿35.4b | 20.3x | 59.8x | 3x |
| Mon, 26 Dec 2022 | ฿2.0t | ฿694.7b | ฿36.1b | 18.5x | 55.7x | 2.9x |
| Wed, 23 Nov 2022 | ฿2.1t | ฿696.9b | ฿36.2b | 19.8x | 57x | 3x |
| Fri, 21 Oct 2022 | ฿2.1t | ฿659.2b | ฿25.7b | 17.9x | 80.1x | 3.1x |
| Sun, 18 Sep 2022 | ฿2.1t | ฿658.1b | ฿25.7b | 18.1x | 81.4x | 3.2x |
| Tue, 16 Aug 2022 | ฿2.0t | ฿654.3b | ฿26.9b | 18x | 76x | 3.1x |
| Thu, 14 Jul 2022 | ฿2.0t | ฿630.1b | ฿22.8b | 18.7x | 87x | 3.1x |
Price to Earnings Ratio
87x
Current Industry PE
- Investors are pessimistic on the Thai Industrials 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 18.2x which is lower than its 3-year average PE of 54.5x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 7.9% 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 Industrials sector?
| TH Market | 3.47% | |
| Industrials | 0.97% | |
| Marine and Shipping | 7.64% | |
| Airlines | 6.82% | |
| Logistics | 5.69% | |
| Construction | 5.24% | |
| Industrials | 3.78% | |
| Machinery | 2.58% | |
| Building | 1.87% | |
| Electrical | 1.85% | |
| Trade Distributors | 1.53% | |
| Commercial Services | 0.74% | |
| Infrastructure | -0.40% | |
| Professional Services | -1.14% | |
| Transportation | -2.79% | |
Industry PE
- Investors are most optimistic about the Trade Distributors industry which is trading above its 3-year average PE ratio of 3.6x.
- 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 Commercial Services industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Transportation industry is expected to see its earnings decline by 35% 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 | |
|---|---|---|---|---|---|
| AOT Airports of Thailand | ฿30.50 | 0.8% +฿3.6b | -46.7% | PE22.7x | |
| RCL Regional Container Lines | ฿28.25 | 9.7% +฿2.1b | 7.6% | PE2.2x | |
| AAV Asia Aviation | ฿1.22 | 10.9% +฿1.5b | -40.2% | PE3x | |
| BA Bangkok Airways | ฿12.80 | 4.9% +฿1.3b | -39.0% | PE7.5x | |
| PSG PSG Corporation | ฿0.91 | 7.1% +฿974.9m | -59.4% | PE19.6x |