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Thai (SET) Industrials Sector Analysis
UpdatedApr 24, 2025
DataAggregated Company Financials
Companies170
- 7D3.1%
- 3M-23.0%
- 1Y-35.2%
- YTD-28.0%
The Industrials industry is up 3.1% in the last week, with PSG Corporation up 112%. In the past year, the industry is down 35%. As for the next few years, earnings are expected to grow by 12% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 24 Apr 2025 | ฿1.1t | ฿836.3b | ฿42.7b | 12x | 26x | 1.3x |
| Sat, 22 Mar 2025 | ฿1.1t | ฿836.3b | ฿42.7b | 12x | 26.4x | 1.4x |
| Mon, 17 Feb 2025 | ฿1.3t | ฿808.8b | ฿46.2b | 11.2x | 27.5x | 1.6x |
| Wed, 15 Jan 2025 | ฿1.4t | ฿798.4b | ฿37.8b | 12.3x | 38x | 1.8x |
| Fri, 13 Dec 2024 | ฿1.6t | ฿796.0b | ฿37.3b | 14.4x | 42.2x | 2x |
| Sun, 10 Nov 2024 | ฿1.6t | ฿819.3b | ฿32.9b | 14.8x | 48.5x | 1.9x |
| Tue, 08 Oct 2024 | ฿1.6t | ฿781.3b | ฿36.7b | 15.6x | 44.4x | 2.1x |
| Thu, 05 Sep 2024 | ฿1.5t | ฿781.4b | ฿36.7b | 14.9x | 42.2x | 2x |
| Sat, 03 Aug 2024 | ฿1.5t | ฿772.4b | ฿32.6b | 13.7x | 45.2x | 1.9x |
| Mon, 01 Jul 2024 | ฿1.5t | ฿775.2b | ฿32.3b | 14.7x | 47.3x | 2x |
| Wed, 29 May 2024 | ฿1.7t | ฿777.2b | ฿34.8b | 15.3x | 48.5x | 2.2x |
| Fri, 26 Apr 2024 | ฿1.7t | ฿755.7b | ฿26.1b | 16.5x | 63.9x | 2.2x |
| Sun, 24 Mar 2024 | ฿1.7t | ฿762.8b | ฿25.5b | 17.3x | 66.3x | 2.2x |
| Tue, 20 Feb 2024 | ฿1.7t | ฿750.4b | ฿30.0b | 17.5x | 55.8x | 2.2x |
| Thu, 18 Jan 2024 | ฿1.6t | ฿762.1b | ฿31.2b | 16.7x | 52.8x | 2.2x |
| Sat, 16 Dec 2023 | ฿1.6t | ฿726.9b | ฿30.5b | 14.9x | 52.7x | 2.2x |
| Mon, 13 Nov 2023 | ฿1.7t | ฿708.2b | ฿22.4b | 15x | 75.5x | 2.4x |
| Wed, 11 Oct 2023 | ฿1.7t | ฿717.6b | ฿29.1b | 15.6x | 59.9x | 2.4x |
| Fri, 08 Sep 2023 | ฿1.9t | ฿713.5b | ฿28.7b | 16.9x | 64.7x | 2.6x |
| Sun, 06 Aug 2023 | ฿1.8t | ฿706.2b | ฿25.3b | 16.3x | 72.9x | 2.6x |
| Tue, 04 Jul 2023 | ฿1.8t | ฿702.4b | ฿26.4b | 16x | 69.9x | 2.6x |
| Thu, 01 Jun 2023 | ฿1.9t | ฿734.4b | ฿30.0b | 16.7x | 62.4x | 2.6x |
| Sat, 29 Apr 2023 | ฿2.0t | ฿724.0b | ฿30.9b | 19.4x | 63.4x | 2.7x |
| Mon, 27 Mar 2023 | ฿2.0t | ฿723.9b | ฿30.9b | 19.5x | 63.7x | 2.7x |
| Wed, 22 Feb 2023 | ฿2.1t | ฿692.7b | ฿34.5b | 20.8x | 59.5x | 3x |
| Fri, 20 Jan 2023 | ฿2.1t | ฿695.0b | ฿36.2b | 20.2x | 57.8x | 3x |
| Sun, 18 Dec 2022 | ฿2.0t | ฿694.7b | ฿36.1b | 18.8x | 56.1x | 2.9x |
| Tue, 15 Nov 2022 | ฿2.1t | ฿672.1b | ฿28.0b | 18.6x | 74.6x | 3.1x |
| Thu, 13 Oct 2022 | ฿2.0t | ฿659.0b | ฿25.7b | 17.5x | 78.2x | 3.1x |
| Sat, 10 Sep 2022 | ฿2.1t | ฿658.1b | ฿25.7b | 18.6x | 80.5x | 3.1x |
| Mon, 08 Aug 2022 | ฿2.0t | ฿638.9b | ฿27.8b | 19x | 73.4x | 3.2x |
| Wed, 06 Jul 2022 | ฿2.0t | ฿630.1b | ฿22.8b | 18.5x | 86.9x | 3.1x |
| Fri, 03 Jun 2022 | ฿2.1t | ฿633.1b | ฿22.5b | 20.9x | 91.2x | 3.2x |
| Sun, 01 May 2022 | ฿2.0t | ฿602.6b | ฿17.8b | 22.9x | 113.3x | 3.3x |
Price to Earnings Ratio
113.3x
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 26.0x which is lower than its 3-year average PE of 59.3x.
- The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 34% per year over the last three years.
- Revenues for these companies have grown 12% 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 | 1.43% | |
| Industrials | 3.08% | |
| Construction | 24.62% | |
| Transportation | 6.21% | |
| Logistics | 4.22% | |
| Professional Services | 2.95% | |
| Electrical | 2.78% | |
| Machinery | 2.52% | |
| Building | 1.79% | |
| Industrials | 1.63% | |
| Commercial Services | 1.34% | |
| Trade Distributors | 1.18% | |
| Infrastructure | 0.53% | |
| Marine and Shipping | -0.59% | |
| Airlines | -0.72% | |
Industry PE
- Investors are most optimistic about the Transportation industry, which is trading close to its 3-year average PE ratio of 30.6x.
- Analysts are expecting annual earnings decline of 7.6%, which is lower than the prior year's growth of 8.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 40% over the next 5 years.
- However this is lower than its past earnings growth rate of 58% per year.
- In contrast, the Transportation industry is expected to see its earnings decline by 7.6% 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 | |
|---|---|---|---|---|---|
| PSG PSG Corporation | ฿0.53 | 112.0% +฿18.2b | -14.5% | PE23.9x | |
| BTS BTS Group Holdings | ฿5.05 | 7.0% +฿5.3b | -19.2% | PE36.3x | |
| CK CH. Karnchang | ฿15.90 | 9.7% +฿2.4b | -27.7% | PE18.5x | |
| BEM Bangkok Expressway and Metro | ฿5.85 | 1.7% +฿1.5b | -28.7% | PE23.3x | |
| SAV Samart Aviation Solutions | ฿16.30 | 14.8% +฿1.3b | -10.9% | PE22.5x |