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Thai (SET) Commercial Services Industry Analysis
UpdatedMay 16, 2025
DataAggregated Company Financials
Companies17
- 7D0.9%
- 3M-0.5%
- 1Y-34.8%
- YTD-16.8%
The Commercial Services is pretty flat in the last 7 days, but Chayo Group has stood out, gaining 16%. As for the longer term, the industry has declined 34% in the last year. As for the next few years, earnings are expected to grow by 41% per annum.
Industry Valuation and Performance
Has the Thai Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 17 May 2025 | ฿15.5b | ฿14.8b | -฿404,236,528.00 | 10.1x | -38.2x | 1x |
| Mon, 14 Apr 2025 | ฿15.0b | ฿15.0b | -฿406,796,665.00 | 10.2x | -36.9x | 1x |
| Wed, 12 Mar 2025 | ฿16.2b | ฿15.0b | -฿270,418,509.00 | 13x | -59.7x | 1.1x |
| Fri, 07 Feb 2025 | ฿15.7b | ฿15.2b | -฿98,315,428.00 | 10.6x | -159.4x | 1x |
| Sun, 05 Jan 2025 | ฿18.6b | ฿15.3b | -฿266,807,551.00 | 13x | -69.6x | 1.2x |
| Tue, 03 Dec 2024 | ฿20.0b | ฿15.2b | -฿98,315,428.00 | 14.8x | -203.2x | 1.3x |
| Thu, 31 Oct 2024 | ฿22.2b | ฿15.6b | -฿314,425,809.00 | 18.6x | -70.6x | 1.4x |
| Sat, 28 Sep 2024 | ฿23.3b | ฿15.6b | -฿314,425,809.00 | 16.4x | -74.2x | 1.5x |
| Mon, 26 Aug 2024 | ฿21.6b | ฿15.8b | -฿300,812,577.00 | 16.7x | -71.9x | 1.4x |
| Wed, 24 Jul 2024 | ฿19.8b | ฿15.4b | -฿118,130,045.00 | 14.8x | -168x | 1.3x |
| Fri, 21 Jun 2024 | ฿21.0b | ฿15.4b | -฿118,130,045.00 | 12.9x | -177.6x | 1.4x |
| Sun, 19 May 2024 | ฿23.7b | ฿16.6b | -฿181,189,385.00 | 14.9x | -130.5x | 1.4x |
| Tue, 16 Apr 2024 | ฿25.1b | ฿16.3b | -฿231,785,778.00 | 21.5x | -108.2x | 1.5x |
| Thu, 14 Mar 2024 | ฿25.4b | ฿16.3b | -฿231,785,778.00 | 20.3x | -109.7x | 1.6x |
| Sat, 10 Feb 2024 | ฿26.4b | ฿16.0b | ฿158.1m | 47.7x | 167.1x | 1.6x |
| Mon, 08 Jan 2024 | ฿25.1b | ฿15.5b | ฿94.3m | 52x | 266.6x | 1.6x |
| Wed, 06 Dec 2023 | ฿23.4b | ฿15.5b | ฿94.3m | 52.3x | 247.9x | 1.5x |
| Fri, 03 Nov 2023 | ฿23.8b | ฿15.3b | ฿416.6m | 18.3x | 57x | 1.6x |
| Sun, 01 Oct 2023 | ฿27.2b | ฿15.3b | ฿416.6m | 19.3x | 65.2x | 1.8x |
| Tue, 29 Aug 2023 | ฿29.7b | ฿15.3b | ฿416.6m | 19.4x | 71.2x | 1.9x |
| Thu, 27 Jul 2023 | ฿28.0b | ฿15.2b | ฿722.9m | 20.8x | 38.7x | 1.8x |
| Sat, 24 Jun 2023 | ฿28.2b | ฿15.2b | ฿722.9m | 23.6x | 39x | 1.8x |
| Mon, 22 May 2023 | ฿45.1b | ฿15.9b | ฿798.8m | 28.3x | 56.4x | 2.8x |
| Wed, 19 Apr 2023 | ฿48.6b | ฿15.6b | ฿983.0m | 30.3x | 49.4x | 3.1x |
| Fri, 17 Mar 2023 | ฿50.6b | ฿15.9b | ฿998.5m | 31x | 50.6x | 3.2x |
| Sun, 12 Feb 2023 | ฿49.9b | ฿13.5b | ฿927.6m | 28.7x | 53.8x | 3.7x |
| Tue, 10 Jan 2023 | ฿43.1b | ฿13.5b | ฿927.6m | 27.5x | 46.5x | 3.2x |
| Thu, 08 Dec 2022 | ฿41.1b | ฿13.5b | ฿927.6m | 26.1x | 44.3x | 3x |
| Sat, 05 Nov 2022 | ฿44.9b | ฿14.2b | ฿1.0b | 28.6x | 44.1x | 3.2x |
| Mon, 03 Oct 2022 | ฿44.5b | ฿14.2b | ฿1.0b | 28.8x | 43.7x | 3.1x |
| Wed, 31 Aug 2022 | ฿46.1b | ฿14.2b | ฿1.0b | 31.7x | 45.3x | 3.2x |
| Fri, 29 Jul 2022 | ฿48.2b | ฿13.8b | ฿859.5m | 50.3x | 56.1x | 3.5x |
| Sun, 26 Jun 2022 | ฿48.4b | ฿13.8b | ฿859.5m | 53.1x | 56.3x | 3.5x |
| Tue, 24 May 2022 | ฿50.5b | ฿13.8b | ฿859.6m | 60.3x | 58.7x | 3.6x |
Price to Earnings Ratio
58.7x
Current Industry PE
- Investors are pessimistic on the Thai Commercial Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- Total earnings for the Commercial Services industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 2.5% 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 Industrials industry?
| TH Market | -1.00% | |
| Industrials | -5.25% | |
| Commercial Services | 0.95% | |
| Diversified Support Services | 4.84% | |
| Commercial Printing | 2.56% | |
| Office Services and Supplies | -0.23% | |
| Environmental and Facilities Services | -4.72% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 6.9%, which is lower than the prior year's growth of 112.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Commercial Printing industry, expecting annual earnings growth of 83% over the next 5 years.
- However this is lower than its past earnings growth rate of 241% per year.
- In contrast, the Environmental and Facilities Services industry is expected to see its earnings decline by 6.9% 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 | |
|---|---|---|---|---|---|
| CHAYO Chayo Group | ฿2.12 | 9.8% +฿221.5m | -45.7% | PE7.8x | |
| SFT Shrinkflex (Thailand) | ฿2.48 | 11.7% +฿114.4m | -36.4% | PE29.4x | |
| SIAM Siam Steel International | ฿0.76 | 10.1% +฿41.5m | -39.2% | PS0.3x | |
| TKS T.K.S. Technologies | ฿5.65 | 0.9% +฿24.8m | -36.2% | PS1.8x |