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Thai (SET) Electrical Industry Analysis

UpdatedMar 22, 2025
DataAggregated Company Financials
Companies15
  • 7D0.5%
  • 3M-13.6%
  • 1Y-17.6%
  • YTD-14.4%

The Electrical industry has been flat over the last week, but Solartron has lost 4.2%. Unfortunately though, the industry is down 17% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Mar 2025฿17.7b฿31.1b฿1.7b11.3x10.1x0.6x
Mon, 17 Feb 2025฿18.0b฿31.3b฿1.7b11x10.6x0.6x
Wed, 15 Jan 2025฿19.8b฿31.3b฿1.7b12.7x11.7x0.6x
Fri, 13 Dec 2024฿21.4b฿31.3b฿1.7b13.1x12.6x0.7x
Sun, 10 Nov 2024฿21.4b฿30.1b฿1.5b11.8x13.9x0.7x
Tue, 08 Oct 2024฿21.7b฿30.1b฿1.5b12.2x14.1x0.7x
Thu, 05 Sep 2024฿20.2b฿30.1b฿1.5b11.4x13.2x0.7x
Sat, 03 Aug 2024฿20.3b฿29.1b฿1.5b12.8x13.3x0.7x
Mon, 01 Jul 2024฿21.0b฿29.1b฿1.5b12.8x13.8x0.7x
Wed, 29 May 2024฿21.8b฿29.1b฿1.5b13.2x14.8x0.7x
Fri, 26 Apr 2024฿19.3b฿28.4b฿1.4b11.7x13.9x0.7x
Sun, 24 Mar 2024฿19.7b฿28.4b฿1.4b12.1x14.2x0.7x
Tue, 20 Feb 2024฿19.5b฿28.0b฿1.2b14.3x15.9x0.7x
Thu, 18 Jan 2024฿19.5b฿27.8b฿1.1b14.7x17.1x0.7x
Sat, 16 Dec 2023฿18.7b฿27.8b฿1.1b14x16.4x0.7x
Mon, 13 Nov 2023฿18.7b฿28.0b฿938.5m14.9x20x0.7x
Wed, 11 Oct 2023฿19.3b฿28.7b฿842.3m14.3x22.9x0.7x
Fri, 08 Sep 2023฿21.4b฿28.6b฿840.4m17.4x25.5x0.7x
Sun, 06 Aug 2023฿20.6b฿28.9b฿936.1m16.5x22x0.7x
Tue, 04 Jul 2023฿16.2b฿23.8b฿641.3m19.3x25.3x0.7x
Thu, 01 Jun 2023฿49.5b฿53.0b฿3.8b15.8x13.2x0.9x
Sat, 29 Apr 2023฿50.3b฿53.0b฿3.6b19.7x14.1x0.9x
Mon, 27 Mar 2023฿51.5b฿53.0b฿3.6b20x14.4x1x
Wed, 22 Feb 2023฿53.9b฿53.0b฿3.1b16.1x17.2x1x
Fri, 20 Jan 2023฿56.4b฿53.0b฿3.1b17x18x1.1x
Sun, 18 Dec 2022฿51.3b฿53.0b฿3.1b15.7x16.3x1x
Tue, 15 Nov 2022฿62.2b฿53.3b฿3.1b16.7x20.3x1.2x
Thu, 13 Oct 2022฿62.8b฿52.4b฿3.0b16.7x21x1.2x
Sat, 10 Sep 2022฿68.1b฿52.4b฿3.0b18.7x22.8x1.3x
Mon, 08 Aug 2022฿69.8b฿49.9b฿2.9b17.3x24.1x1.4x
Wed, 06 Jul 2022฿66.8b฿49.7b฿2.9b17x23.3x1.3x
Fri, 03 Jun 2022฿77.1b฿49.7b฿2.9b18.5x26.9x1.6x
Sun, 01 May 2022฿75.6b฿47.4b฿2.8b19.7x27.3x1.6x
Tue, 29 Mar 2022฿75.2b฿47.4b฿2.8b19.4x27.1x1.6x
Price to Earnings Ratio

27.1x


Total Market Cap: ฿75.2bTotal Earnings: ฿2.8bTotal Revenue: ฿47.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Electrical Industry Price to Earnings3Y Average 17.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Thai Electrical 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 10.2x which is lower than its 3-year average PE of 17.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have declined 14% per year over the last three years,
  • Revenues have also declined 13% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Thai Industrials industry?

TH Market1.07%
Industrials-0.68%
Electrical0.52%
Electrical Components0.64%
Heavy Electrical Equipment0%0
Industry PE
  • Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 18.7x.
    • Analysts are expecting annual earnings growth of 22.4%, which is lower than the prior year's growth of 27.0% per year.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Electrical Components industry is expected to see its earnings grow by 22% 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
LTS Light Up Total Solution฿6.955.3%
+฿72.3m
n/aPE17.9x
QTC QTC Energy฿3.941.5%
+฿20.5m
-3.0%PE11.9x
TRT Tirathai฿3.421.2%
+฿12.3m
11.0%PE4.7x
KJL Kijcharoen Engineering Electric฿6.850.7%
+฿11.6m
-11.6%PE8.8x
ASEFA Asefa฿2.940.7%
+฿10.6m
-25.4%PE22.1x
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Latest News

LTS

฿6.95

Light Up Total Solution

7D

5.3%

1Y

n/a

SOLAR

฿0.23

Solartron

7D

-4.2%

1Y

-68.1%

KJL

฿6.85

Kijcharoen Engineering Electric

7D

0.7%

1Y

-11.6%

ASEFA

฿2.94

Asefa

7D

0.7%

1Y

-25.4%

CTW

฿2.80

Charoong Thai Wire and Cable

7D

-2.1%

1Y

-38.6%

KUMWEL

฿1.05

Kumwell Corporation

7D

1.0%

1Y

-40.7%

TRT

฿3.42

Tirathai

7D

1.2%

1Y

11.0%

PIMO

฿1.26

Pioneer Motor

7D

0.8%

1Y

-14.9%

L&E

฿1.18

Lighting and Equipment

7D

-1.7%

1Y

-9.2%

QTC

฿3.94

QTC Energy

7D

1.5%

1Y

-3.0%