Has the Thai Electrical Industry valuation changed over the past few years?
|Fri, 21 Jan 2022||฿74.4b||฿44.8b||฿2.8b||22.5x|
|Sun, 19 Dec 2021||฿76.3b||฿44.8b||฿2.8b||23.7x|
|Tue, 16 Nov 2021||฿74.9b||฿39.9b||฿2.3b||24.6x|
|Thu, 14 Oct 2021||฿76.6b||฿39.6b||฿2.5b||19.9x|
|Sat, 11 Sep 2021||฿70.8b||฿39.6b||฿2.5b||22x|
|Mon, 09 Aug 2021||฿72.7b||฿39.6b||฿2.5b||23.1x|
|Sun, 02 May 2021||฿72.2b||฿37.7b||฿2.4b||18.9x|
|Wed, 03 Feb 2021||฿67.1b||฿36.0b||฿2.2b||15x|
|Sat, 07 Nov 2020||฿49.3b||฿33.8b||฿2.0b||11.1x|
|Fri, 31 Jul 2020||฿64.5b||฿32.2b||฿1.3b||12x|
|Mon, 04 May 2020||฿63.4b||฿31.5b||฿684.1m||12.4x|
|Thu, 06 Feb 2020||฿64.4b||฿31.8b||฿628.0m||13.3x|
|Sun, 10 Nov 2019||฿56.6b||฿34.7b||฿276.8m||22.6x|
|Sat, 03 Aug 2019||฿16.3b||฿21.6b||฿55.8m||14.4x|
|Tue, 07 May 2019||฿16.9b||฿22.7b||฿185.6m||14x|
|Fri, 08 Feb 2019||฿17.7b||฿34.9b||฿527.9m||12.2x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 22.5x which is higher than its 3-year average PE of 16.0x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Electrical industry have grown 74% per year over the last three years, and revenues for these companies have grown 8.7% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Thai Electrical industry?
Industry PE: Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 16.0x. However analysts expect its future annual earnings growth (21%) to be largely in line with prior year's earnings growth, so the market might believe analysts are underestimating its future growth since investors are willing to pay a bigger premium today.
Forecasted Growth: Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 21% over the next 5 years. This is roughly in line with its past earnings growth rate.
Charoong Thai Wire and Cable
Lighting and Equipment