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Thai (SET) Infrastructure Industry Analysis
UpdatedJun 05, 2025
DataAggregated Company Financials
Companies8
- 7D-2.6%
- 3M-17.8%
- 1Y-45.8%
- YTD-42.0%
Over the last 7 days, the Infrastructure industry has dropped 2.6%, driven by Airports of Thailand declining 5.2%. Overall the industry is down 46% in 12 months. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Thai Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 05 Jun 2025 | ฿578.7b | ฿97.4b | ฿24.9b | 19.6x | 23.2x | 5.9x |
| Sat, 03 May 2025 | ฿670.9b | ฿97.4b | ฿25.6b | 23.7x | 26.2x | 6.9x |
| Mon, 31 Mar 2025 | ฿663.6b | ฿97.4b | ฿25.6b | 21.7x | 25.9x | 6.8x |
| Wed, 26 Feb 2025 | ฿730.0b | ฿97.7b | ฿25.7b | 24.4x | 28.4x | 7.5x |
| Fri, 24 Jan 2025 | ฿949.3b | ฿95.5b | ฿24.8b | 27.7x | 38.3x | 9.9x |
| Sun, 22 Dec 2024 | ฿971.5b | ฿95.5b | ฿24.8b | 28.5x | 39.2x | 10.2x |
| Tue, 19 Nov 2024 | ฿1.0t | ฿94.3b | ฿24.2b | 27.5x | 42.4x | 10.9x |
| Thu, 17 Oct 2024 | ฿1.1t | ฿94.1b | ฿24.1b | 29.2x | 44.8x | 11.5x |
| Sat, 14 Sep 2024 | ฿1.1t | ฿94.1b | ฿24.1b | 32.6x | 43.7x | 11.2x |
| Mon, 12 Aug 2024 | ฿963.0b | ฿90.4b | ฿22.6b | 32.5x | 42.7x | 10.7x |
| Wed, 10 Jul 2024 | ฿977.0b | ฿90.2b | ฿22.5b | 31.8x | 43.4x | 10.8x |
| Fri, 07 Jun 2024 | ฿1.0t | ฿90.1b | ฿22.5b | 32.6x | 46.6x | 11.6x |
| Sun, 05 May 2024 | ฿1.1t | ฿82.6b | ฿18.3b | 25.4x | 61x | 13.5x |
| Tue, 02 Apr 2024 | ฿1.1t | ฿82.6b | ฿18.3b | 25.1x | 60.7x | 13.4x |
| Thu, 29 Feb 2024 | ฿1.1t | ฿81.9b | ฿18.0b | 26.3x | 60.1x | 13.2x |
| Sat, 27 Jan 2024 | ฿1.0t | ฿74.7b | ฿13.8b | 35.3x | 73.4x | 13.5x |
| Mon, 25 Dec 2023 | ฿1.0t | ฿74.7b | ฿13.8b | 35.8x | 74.6x | 13.8x |
| Wed, 22 Nov 2023 | ฿1.1t | ฿75.0b | ฿13.8b | 33.6x | 82.1x | 15.1x |
| Fri, 20 Oct 2023 | ฿1.1t | ฿65.1b | ฿8.7b | 27.5x | 131.1x | 17.6x |
| Sun, 17 Sep 2023 | ฿1.2t | ฿63.7b | ฿8.5b | 15.5x | 140.7x | 18.7x |
| Tue, 15 Aug 2023 | ฿1.2t | ฿61.1b | ฿7.7b | 16x | 156x | 19.6x |
| Thu, 13 Jul 2023 | ฿1.2t | ฿52.4b | ฿1.9b | 15.1x | 621.9x | 22.6x |
| Sat, 10 Jun 2023 | ฿1.2t | ฿52.4b | ฿1.9b | 16.9x | 630.7x | 22.9x |
| Mon, 08 May 2023 | ฿1.2t | ฿45.7b | -฿3,316,942,701.00 | 36.3x | -368.8x | 26.8x |
| Wed, 05 Apr 2023 | ฿1.2t | ฿45.7b | -฿3,316,942,701.00 | 20.3x | -363.4x | 26.4x |
| Fri, 03 Mar 2023 | ฿1.2t | ฿45.5b | -฿3,544,716,018.00 | 22.4x | -340.7x | 26.6x |
| Sun, 29 Jan 2023 | ฿1.3t | ฿37.2b | -฿8,354,772,252.00 | 23.6x | -152.6x | 34.3x |
| Tue, 27 Dec 2022 | ฿1.2t | ฿37.2b | -฿8,354,772,252.00 | 21.6x | -147x | 33x |
| Thu, 24 Nov 2022 | ฿1.3t | ฿37.2b | -฿8,354,772,252.00 | 22.6x | -149.7x | 33.6x |
| Sat, 22 Oct 2022 | ฿1.2t | ฿30.1b | -฿13,279,692,820.00 | 25.2x | -92.6x | 40.9x |
| Mon, 19 Sep 2022 | ฿1.2t | ฿30.1b | -฿13,279,692,820.00 | 27.8x | -92.6x | 40.9x |
| Wed, 17 Aug 2022 | ฿1.2t | ฿30.0b | -฿13,286,766,820.00 | 25.5x | -89.8x | 39.7x |
| Fri, 15 Jul 2022 | ฿1.2t | ฿25.8b | -฿15,735,045,624.00 | 30.3x | -74x | 45x |
| Sun, 12 Jun 2022 | ฿1.2t | ฿25.8b | -฿15,735,045,624.00 | 36.1x | -73.7x | 44.9x |
Price to Earnings Ratio
-73.7x
Current Industry PE
- Investors are pessimistic on the Thai Infrastructure 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 23.2x which is lower than its 3-year average PE of 32.8x.
- The 3-year average PS ratio of 20.6x is higher than the industry's current PS ratio of 5.9x.
Past Earnings Growth
- Total earnings for the Infrastructure industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 56% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | -2.49% | |
| Industrials | -2.11% | |
| Infrastructure | -2.64% | |
| Highways and Railtracks | -0.93% | |
| Marine Ports and Services | -1.51% | |
| Airport Services | -2.96% | |
Industry PE
- Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 12.1%, which is lower than the prior year's growth of 33.1% per year.
- Investors are most pessimistic about the Marine Ports and Services industry, which is trading below its 3-year average of 18.6x.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 33% per year.
- In contrast, the Highways and Railtracks industry is expected to see its earnings grow by 7.3% 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 | |
|---|---|---|---|---|---|
| BEM Bangkok Expressway and Metro | ฿5.35 | 0.9% +฿748.9m | -30.5% | PE21.1x | |
| BAFS Bangkok Aviation Fuel Services | ฿8.45 | 3.7% +฿191.2m | -58.4% | PE49.6x | |
| NYT Namyong Terminal | ฿2.98 | 0.7% +฿24.8m | -19.9% | PE8.5x |