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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Mar 2025 | ฿17.7b | ฿31.1b | ฿1.7b | 11.3x | 10.1x | 0.6x |
| Mon, 17 Feb 2025 | ฿18.0b | ฿31.3b | ฿1.7b | 11x | 10.6x | 0.6x |
| Wed, 15 Jan 2025 | ฿19.8b | ฿31.3b | ฿1.7b | 12.7x | 11.7x | 0.6x |
| Fri, 13 Dec 2024 | ฿21.4b | ฿31.3b | ฿1.7b | 13.1x | 12.6x | 0.7x |
| Sun, 10 Nov 2024 | ฿21.4b | ฿30.1b | ฿1.5b | 11.8x | 13.9x | 0.7x |
| Tue, 08 Oct 2024 | ฿21.7b | ฿30.1b | ฿1.5b | 12.2x | 14.1x | 0.7x |
| Thu, 05 Sep 2024 | ฿20.2b | ฿30.1b | ฿1.5b | 11.4x | 13.2x | 0.7x |
| Sat, 03 Aug 2024 | ฿20.3b | ฿29.1b | ฿1.5b | 12.8x | 13.3x | 0.7x |
| Mon, 01 Jul 2024 | ฿21.0b | ฿29.1b | ฿1.5b | 12.8x | 13.8x | 0.7x |
| Wed, 29 May 2024 | ฿21.8b | ฿29.1b | ฿1.5b | 13.2x | 14.8x | 0.7x |
| Fri, 26 Apr 2024 | ฿19.3b | ฿28.4b | ฿1.4b | 11.7x | 13.9x | 0.7x |
| Sun, 24 Mar 2024 | ฿19.7b | ฿28.4b | ฿1.4b | 12.1x | 14.2x | 0.7x |
| Tue, 20 Feb 2024 | ฿19.5b | ฿28.0b | ฿1.2b | 14.3x | 15.9x | 0.7x |
| Thu, 18 Jan 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.7x | 17.1x | 0.7x |
| Sat, 16 Dec 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14x | 16.4x | 0.7x |
| Mon, 13 Nov 2023 | ฿18.7b | ฿28.0b | ฿938.5m | 14.9x | 20x | 0.7x |
| Wed, 11 Oct 2023 | ฿19.3b | ฿28.7b | ฿842.3m | 14.3x | 22.9x | 0.7x |
| Fri, 08 Sep 2023 | ฿21.4b | ฿28.6b | ฿840.4m | 17.4x | 25.5x | 0.7x |
| Sun, 06 Aug 2023 | ฿20.6b | ฿28.9b | ฿936.1m | 16.5x | 22x | 0.7x |
| Tue, 04 Jul 2023 | ฿16.2b | ฿23.8b | ฿641.3m | 19.3x | 25.3x | 0.7x |
| Thu, 01 Jun 2023 | ฿49.5b | ฿53.0b | ฿3.8b | 15.8x | 13.2x | 0.9x |
| Sat, 29 Apr 2023 | ฿50.3b | ฿53.0b | ฿3.6b | 19.7x | 14.1x | 0.9x |
| Mon, 27 Mar 2023 | ฿51.5b | ฿53.0b | ฿3.6b | 20x | 14.4x | 1x |
| Wed, 22 Feb 2023 | ฿53.9b | ฿53.0b | ฿3.1b | 16.1x | 17.2x | 1x |
| Fri, 20 Jan 2023 | ฿56.4b | ฿53.0b | ฿3.1b | 17x | 18x | 1.1x |
| Sun, 18 Dec 2022 | ฿51.3b | ฿53.0b | ฿3.1b | 15.7x | 16.3x | 1x |
| Tue, 15 Nov 2022 | ฿62.2b | ฿53.3b | ฿3.1b | 16.7x | 20.3x | 1.2x |
| Thu, 13 Oct 2022 | ฿62.8b | ฿52.4b | ฿3.0b | 16.7x | 21x | 1.2x |
| Sat, 10 Sep 2022 | ฿68.1b | ฿52.4b | ฿3.0b | 18.7x | 22.8x | 1.3x |
| Mon, 08 Aug 2022 | ฿69.8b | ฿49.9b | ฿2.9b | 17.3x | 24.1x | 1.4x |
| Wed, 06 Jul 2022 | ฿66.8b | ฿49.7b | ฿2.9b | 17x | 23.3x | 1.3x |
| Fri, 03 Jun 2022 | ฿77.1b | ฿49.7b | ฿2.9b | 18.5x | 26.9x | 1.6x |
| Sun, 01 May 2022 | ฿75.6b | ฿47.4b | ฿2.8b | 19.7x | 27.3x | 1.6x |
| Tue, 29 Mar 2022 | ฿75.2b | ฿47.4b | ฿2.8b | 19.4x | 27.1x | 1.6x |
Price to Earnings Ratio
27.1x
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 Market | 1.07% | |
| Industrials | -0.68% | |
| Electrical | 0.52% | |
| Electrical Components | 0.64% | |
| Heavy Electrical Equipment | 0% | 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LTS Light Up Total Solution | ฿6.95 | 5.3% +฿72.3m | n/a | PE17.9x | |
| QTC QTC Energy | ฿3.94 | 1.5% +฿20.5m | -3.0% | PE11.9x | |
| TRT Tirathai | ฿3.42 | 1.2% +฿12.3m | 11.0% | PE4.7x | |
| KJL Kijcharoen Engineering Electric | ฿6.85 | 0.7% +฿11.6m | -11.6% | PE8.8x | |
| ASEFA Asefa | ฿2.94 | 0.7% +฿10.6m | -25.4% | PE22.1x |