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Thai (SET) Electrical Industry Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies15
  • 7D1.6%
  • 3M-12.2%
  • 1Y-16.1%
  • YTD-11.5%

In the last week, the Electrical industry is up 1.6%, with QTC Energy up 15%. In the past year, the industry is down 16%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025฿18.3b฿31.3b฿1.7b11.1x10.5x0.6x
Sun, 19 Jan 2025฿19.0b฿31.3b฿1.7b12.4x11.2x0.6x
Tue, 17 Dec 2024฿21.2b฿31.3b฿1.7b13.1x12.5x0.7x
Thu, 14 Nov 2024฿20.8b฿30.3b฿1.5b11.8x13.4x0.7x
Sat, 12 Oct 2024฿21.8b฿30.1b฿1.5b12x14.2x0.7x
Mon, 09 Sep 2024฿20.3b฿30.1b฿1.5b11.6x13.2x0.7x
Wed, 07 Aug 2024฿19.3b฿29.1b฿1.5b12.1x12.7x0.7x
Fri, 05 Jul 2024฿21.3b฿29.1b฿1.5b13x14x0.7x
Sun, 02 Jun 2024฿21.4b฿29.1b฿1.5b13.4x14.6x0.7x
Tue, 30 Apr 2024฿19.6b฿28.4b฿1.4b11.7x14.1x0.7x
Thu, 28 Mar 2024฿20.0b฿28.4b฿1.4b12.3x14.4x0.7x
Sat, 24 Feb 2024฿19.3b฿28.5b฿1.2b14.3x15.8x0.7x
Mon, 22 Jan 2024฿19.4b฿27.8b฿1.1b14.6x17x0.7x
Wed, 20 Dec 2023฿18.6b฿27.8b฿1.1b14x16.3x0.7x
Fri, 17 Nov 2023฿18.6b฿27.8b฿1.1b14.2x16.4x0.7x
Sun, 15 Oct 2023฿19.6b฿28.7b฿842.3m15.2x23.2x0.7x
Tue, 12 Sep 2023฿21.3b฿28.6b฿840.4m17.1x25.3x0.7x
Thu, 10 Aug 2023฿20.3b฿28.8b฿923.4m16.5x22x0.7x
Sat, 08 Jul 2023฿16.3b฿23.8b฿641.3m19.7x25.4x0.7x
Mon, 05 Jun 2023฿20.5b฿53.0b฿3.8b16.9x5.5x0.4x
Wed, 03 May 2023฿50.3b฿53.0b฿3.6b19.7x14.1x0.9x
Fri, 31 Mar 2023฿51.4b฿53.0b฿3.6b19.7x14.4x1x
Sun, 26 Feb 2023฿51.0b฿52.7b฿3.5b18.6x14.8x1x
Tue, 24 Jan 2023฿59.7b฿53.0b฿3.1b16.7x19x1.1x
Thu, 22 Dec 2022฿49.0b฿53.0b฿3.1b15.3x15.6x0.9x
Sat, 19 Nov 2022฿59.4b฿51.8b฿3.1b16.3x19.1x1.1x
Mon, 17 Oct 2022฿68.4b฿52.4b฿3.0b16.7x22.9x1.3x
Wed, 14 Sep 2022฿69.0b฿52.4b฿3.0b18.7x23.1x1.3x
Fri, 12 Aug 2022฿70.1b฿49.8b฿2.9b17.3x24.2x1.4x
Sun, 10 Jul 2022฿67.9b฿49.7b฿2.9b17.6x23.7x1.4x
Tue, 07 Jun 2022฿77.2b฿49.7b฿2.9b18.4x26.9x1.6x
Thu, 05 May 2022฿74.4b฿47.4b฿2.8b19.1x26.9x1.6x
Sat, 02 Apr 2022฿75.9b฿47.4b฿2.8b20.1x27.4x1.6x
Mon, 28 Feb 2022฿74.6b฿47.9b฿2.6b18.5x28.7x1.6x
Price to Earnings Ratio

28.7x


Total Market Cap: ฿74.6bTotal Earnings: ฿2.6bTotal Revenue: ฿47.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Electrical Industry Price to Earnings3Y Average 18x202320242025
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 10.5x which is lower than its 3-year average PE of 18.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have declined 12% 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-2.96%
Industrials-10.62%
Electrical1.64%
Electrical Components2.50%
Heavy Electrical Equipment-2.26%
Industry PE
  • Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 19.2x.
    • Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings growth of 19.7% per year.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 11.0x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Electrical Components industry is expected to see its earnings grow by 24% 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
QTC QTC Energy฿3.968.8%
+฿109.1m
-3.9%PE11.9x
KJL Kijcharoen Engineering Electric฿6.956.1%
+฿92.8m
-10.3%PE8.9x
TRT Tirathai฿3.726.9%
+฿73.9m
44.2%PE3.4x
LTS Light Up Total Solution฿9.402.7%
+฿51.7m
n/aPE32.7x
PCC Precise Corporation฿2.681.5%
+฿49.1m
-11.8%PE9.5x
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Latest News

KJL

฿6.95

Kijcharoen Engineering Electric

7D

6.1%

1Y

-10.3%

TMI

฿0.61

Teera-Mongkol Industry

7D

-3.2%

1Y

-45.0%

PCC

฿2.68

Precise Corporation

7D

1.5%

1Y

-11.8%

L&E

฿1.23

Lighting and Equipment

7D

3.4%

1Y

0%

ASEFA

฿2.90

Asefa

7D

-1.4%

1Y

-25.6%

QTC

฿3.96

QTC Energy

7D

8.8%

1Y

-3.9%

LTS

฿9.40

Light Up Total Solution

7D

2.7%

1Y

n/a

TRT

฿3.72

Tirathai

7D

6.9%

1Y

44.2%

CTW

฿2.98

Charoong Thai Wire and Cable

7D

4.2%

1Y

-33.5%

AKR

฿0.99

Ekarat Engineering

7D

3.1%

1Y

8.8%

ARROW

฿5.25

Arrow Syndicate

7D

-0.9%

1Y

-18.6%