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Thai (SET) Electrical Industry Analysis
UpdatedApr 24, 2025
DataAggregated Company Financials
Companies15
- 7D2.8%
- 3M-11.2%
- 1Y-17.3%
- YTD-16.5%
The Electrical industry has gained 2.8% in the last week and Solartron up 29%. However, the industry is down 17% over the past year. Looking forward, earnings are forecast to grow by 22% 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, 25 Apr 2025 | ฿17.3b | ฿31.1b | ฿1.7b | 10.9x | 9.9x | 0.6x |
| Sun, 23 Mar 2025 | ฿17.7b | ฿31.1b | ฿1.7b | 11.3x | 10.1x | 0.6x |
| Tue, 18 Feb 2025 | ฿18.1b | ฿31.3b | ฿1.7b | 11x | 10.6x | 0.6x |
| Thu, 16 Jan 2025 | ฿19.5b | ฿31.3b | ฿1.7b | 12.7x | 11.5x | 0.6x |
| Sat, 14 Dec 2024 | ฿21.4b | ฿31.3b | ฿1.7b | 13.1x | 12.6x | 0.7x |
| Mon, 11 Nov 2024 | ฿21.4b | ฿30.1b | ฿1.5b | 11.8x | 13.9x | 0.7x |
| Wed, 09 Oct 2024 | ฿21.5b | ฿30.1b | ฿1.5b | 12.1x | 14x | 0.7x |
| Fri, 06 Sep 2024 | ฿20.3b | ฿30.1b | ฿1.5b | 11.8x | 13.2x | 0.7x |
| Sun, 04 Aug 2024 | ฿20.3b | ฿29.1b | ฿1.5b | 12.8x | 13.3x | 0.7x |
| Tue, 02 Jul 2024 | ฿21.2b | ฿29.1b | ฿1.5b | 12.9x | 13.9x | 0.7x |
| Thu, 30 May 2024 | ฿21.8b | ฿29.1b | ฿1.5b | 13.4x | 14.8x | 0.7x |
| Sat, 27 Apr 2024 | ฿19.3b | ฿28.4b | ฿1.4b | 11.7x | 13.9x | 0.7x |
| Mon, 25 Mar 2024 | ฿19.7b | ฿28.4b | ฿1.4b | 12.1x | 14.2x | 0.7x |
| Wed, 21 Feb 2024 | ฿19.4b | ฿28.0b | ฿1.2b | 14.5x | 15.8x | 0.7x |
| Fri, 19 Jan 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.6x | 17.1x | 0.7x |
| Sun, 17 Dec 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14x | 16.4x | 0.7x |
| Tue, 14 Nov 2023 | ฿18.4b | ฿27.9b | ฿962.1m | 14x | 19.2x | 0.7x |
| Thu, 12 Oct 2023 | ฿19.6b | ฿28.7b | ฿842.3m | 14.9x | 23.3x | 0.7x |
| Sat, 09 Sep 2023 | ฿21.3b | ฿28.6b | ฿840.4m | 16.9x | 25.3x | 0.7x |
| Mon, 07 Aug 2023 | ฿20.6b | ฿28.9b | ฿936.1m | 16.5x | 22x | 0.7x |
| Wed, 05 Jul 2023 | ฿16.3b | ฿23.8b | ฿641.3m | 19.5x | 25.5x | 0.7x |
| Fri, 02 Jun 2023 | ฿19.9b | ฿53.0b | ฿3.8b | 16.1x | 5.3x | 0.4x |
| Sun, 30 Apr 2023 | ฿50.3b | ฿53.0b | ฿3.6b | 19.7x | 14.1x | 0.9x |
| Tue, 28 Mar 2023 | ฿51.4b | ฿53.0b | ฿3.6b | 20x | 14.4x | 1x |
| Thu, 23 Feb 2023 | ฿53.3b | ฿53.2b | ฿3.1b | 16.1x | 17x | 1x |
| Sat, 21 Jan 2023 | ฿59.3b | ฿53.0b | ฿3.1b | 16.8x | 18.9x | 1.1x |
| Mon, 19 Dec 2022 | ฿51.3b | ฿53.0b | ฿3.1b | 15.7x | 16.3x | 1x |
| Wed, 16 Nov 2022 | ฿62.5b | ฿53.3b | ฿3.1b | 16.6x | 20.4x | 1.2x |
| Fri, 14 Oct 2022 | ฿68.4b | ฿52.4b | ฿3.0b | 16.7x | 22.9x | 1.3x |
| Sun, 11 Sep 2022 | ฿68.1b | ฿52.4b | ฿3.0b | 18.7x | 22.8x | 1.3x |
| Tue, 09 Aug 2022 | ฿70.9b | ฿49.9b | ฿2.9b | 17.6x | 24.5x | 1.4x |
| Thu, 07 Jul 2022 | ฿68.1b | ฿49.7b | ฿2.9b | 17.1x | 23.7x | 1.4x |
| Sat, 04 Jun 2022 | ฿76.0b | ฿49.7b | ฿2.9b | 18.3x | 26.5x | 1.5x |
| Mon, 02 May 2022 | ฿75.6b | ฿47.4b | ฿2.8b | 19.7x | 27.3x | 1.6x |
Price to Earnings Ratio
27.3x
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 9.9x which is lower than its 3-year average PE of 17.1x.
- The industry is trading close to its 3-year average PS ratio of 0.86x.
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 | 1.43% | |
| Industrials | 3.08% | |
| Electrical | 2.78% | |
| Electrical Components | 3.25% | |
| Heavy Electrical Equipment | 0.78% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 18.2x.
- Analysts are expecting annual earnings growth of 21.6%, 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 10.8x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 27% per year.
- 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 | |
|---|---|---|---|---|---|
| SOLAR Solartron | ฿0.27 | 28.6% +฿78.4m | -58.5% | PS0.9x | |
| QTC QTC Energy | ฿3.70 | 5.7% +฿68.2m | -4.1% | PE11.1x | |
| ASEFA Asefa | ฿3.18 | 3.9% +฿62.7m | -18.9% | PE23.9x | |
| CTW Charoong Thai Wire and Cable | ฿2.80 | 5.3% +฿55.7m | -37.2% | PE10.8x | |
| LTS Light Up Total Solution | ฿6.10 | 1.7% +฿20.7m | n/a | PE15.7x |