Thai (SET) Electrical Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies15
- 7D-4.4%
- 3M-3.3%
- 1Y-8.4%
- YTD-5.2%
Over the last 7 days, the Electrical industry has dropped 2.4%, driven by pullbacks in Light Up Total Solution and Precise Corporation of 9.2% and 3.4%, respectively. Overall the industry is down 6.6% in 12 months. Earnings are forecast to grow by 29% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ฿20.1b | ฿29.1b | ฿1.5b | 12.7x | 13.2x | 0.7x |
| Sun, 23 Jun 2024 | ฿20.6b | ฿29.1b | ฿1.5b | 12.6x | 13.5x | 0.7x |
| Tue, 21 May 2024 | ฿21.8b | ฿29.1b | ฿1.5b | 13.2x | 14.8x | 0.8x |
| Thu, 18 Apr 2024 | ฿19.5b | ฿28.4b | ฿1.4b | 12x | 14.1x | 0.7x |
| Sat, 16 Mar 2024 | ฿19.7b | ฿28.4b | ฿1.4b | 12.3x | 14.2x | 0.7x |
| Mon, 12 Feb 2024 | ฿19.5b | ฿28.0b | ฿1.2b | 14.6x | 16.2x | 0.7x |
| Wed, 10 Jan 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.9x | 17.1x | 0.7x |
| Fri, 08 Dec 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14.1x | 16.4x | 0.7x |
| Sun, 05 Nov 2023 | ฿18.9b | ฿28.7b | ฿842.3m | 14x | 22.4x | 0.7x |
| Tue, 03 Oct 2023 | ฿19.9b | ฿28.7b | ฿842.3m | 14.8x | 23.7x | 0.7x |
| Thu, 31 Aug 2023 | ฿21.1b | ฿28.6b | ฿840.4m | 16.5x | 25.1x | 0.7x |
| Sat, 29 Jul 2023 | ฿20.4b | ฿28.9b | ฿936.1m | 16.4x | 21.8x | 0.7x |
| Mon, 26 Jun 2023 | ฿16.7b | ฿23.8b | ฿641.3m | 19.6x | 26x | 0.7x |
| Wed, 24 May 2023 | ฿49.4b | ฿53.0b | ฿3.8b | 16.2x | 13.1x | 0.9x |
| Fri, 21 Apr 2023 | ฿51.3b | ฿53.0b | ฿3.6b | 20.2x | 14.3x | 1x |
| Sun, 19 Mar 2023 | ฿51.3b | ฿53.0b | ฿3.6b | 19.7x | 14.3x | 1x |
| Tue, 14 Feb 2023 | ฿55.7b | ฿53.0b | ฿3.1b | 16.5x | 17.8x | 1.1x |
| Thu, 12 Jan 2023 | ฿51.8b | ฿53.0b | ฿3.1b | 16.3x | 16.5x | 1x |
| Sat, 10 Dec 2022 | ฿62.1b | ฿53.0b | ฿3.1b | 16.6x | 19.8x | 1.2x |
| Mon, 07 Nov 2022 | ฿63.6b | ฿52.5b | ฿3.0b | 17.6x | 21.5x | 1.2x |
| Wed, 05 Oct 2022 | ฿63.0b | ฿52.4b | ฿3.0b | 17x | 21.1x | 1.2x |
| Fri, 02 Sep 2022 | ฿67.0b | ฿52.4b | ฿3.0b | 18.3x | 22.4x | 1.3x |
| Sun, 31 Jul 2022 | ฿70.1b | ฿49.7b | ฿2.9b | 18.7x | 24.4x | 1.4x |
| Tue, 28 Jun 2022 | ฿71.4b | ฿49.7b | ฿2.9b | 18.5x | 24.9x | 1.4x |
| Thu, 26 May 2022 | ฿76.0b | ฿49.7b | ฿2.9b | 18.4x | 26.5x | 1.5x |
| Sat, 23 Apr 2022 | ฿74.5b | ฿47.4b | ฿2.8b | 19.7x | 26.9x | 1.6x |
| Mon, 21 Mar 2022 | ฿74.0b | ฿47.4b | ฿2.8b | 18.5x | 26.7x | 1.6x |
| Wed, 16 Feb 2022 | ฿71.7b | ฿44.8b | ฿2.8b | 21.4x | 25.8x | 1.6x |
| Fri, 14 Jan 2022 | ฿74.3b | ฿44.8b | ฿2.8b | 22.4x | 26.8x | 1.7x |
| Sun, 12 Dec 2021 | ฿77.8b | ฿44.8b | ฿2.8b | 24.3x | 28.1x | 1.7x |
| Tue, 09 Nov 2021 | ฿72.4b | ฿39.8b | ฿2.5b | 18.8x | 29.4x | 1.8x |
| Thu, 07 Oct 2021 | ฿80.5b | ฿39.6b | ฿2.5b | 20.1x | 32.8x | 2x |
| Sat, 04 Sep 2021 | ฿70.9b | ฿39.6b | ฿2.5b | 22.2x | 28.9x | 1.8x |
| Mon, 02 Aug 2021 | ฿69.2b | ฿39.6b | ฿2.5b | 18.1x | 28.2x | 1.7x |
Price to Earnings Ratio
28.2x
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 13.4x which is lower than its 3-year average PE of 21.1x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.70x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 15% per year over the last three years,
- Revenues have also declined 9.8% 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 | -2.56% | |
| Industrials | -2.18% | |
| Electrical | -4.35% | |
| Heavy Electrical Equipment | -3.45% | |
| Electrical Components | -4.54% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 22.0x.
- Analysts are expecting annual earnings growth of 28.6%, which is higher than its past year's earnings growth of 11.8% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 11.6x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 29% 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 | |
|---|---|---|---|---|---|
| QTC QTC Energy | ฿4.12 | 0.5% +฿6.8m | 3.0% | PE13.6x | |
| L&E Lighting and Equipment | ฿1.00 | 1.0% +฿4.9m | -32.9% | PS0.2x |