Thai (SET) Trade Distributors Industry Analysis

Industry Valuation and Performance

Has the Thai Trade Distributors Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 25 May 2026	฿17.2b	฿50.2b	฿805.4m	11.6x	21.3x	0.3x
Wed, 22 Apr 2026	฿16.8b	฿50.9b	฿574.3m	11.6x	29.3x	0.3x
Fri, 20 Mar 2026	฿16.6b	฿50.9b	฿574.3m	11.5x	28.9x	0.3x
Sun, 15 Feb 2026	฿16.4b	฿52.2b	฿556.8m	10.4x	29.5x	0.3x
Tue, 13 Jan 2026	฿16.1b	฿52.2b	฿556.8m	9.2x	28.9x	0.3x
Thu, 11 Dec 2025	฿16.5b	฿52.2b	฿556.8m	9.8x	29.6x	0.3x
Sat, 08 Nov 2025	฿17.0b	฿53.7b	฿401.3m	11.7x	42.4x	0.3x
Mon, 06 Oct 2025	฿17.7b	฿52.9b	฿338.3m	12.4x	52.4x	0.3x
Wed, 03 Sep 2025	฿18.0b	฿52.9b	฿338.3m	12.3x	53.2x	0.3x
Fri, 01 Aug 2025	฿17.7b	฿53.5b	฿44.4m	12.3x	398.5x	0.3x
Sun, 29 Jun 2025	฿15.8b	฿53.5b	฿44.4m	11.2x	356x	0.3x
Tue, 27 May 2025	฿17.3b	฿53.5b	฿44.4m	12.1x	389.7x	0.3x
Thu, 24 Apr 2025	฿16.5b	฿54.0b	-฿25,905,831.00	13.7x	-637.4x	0.3x
Sat, 22 Mar 2025	฿18.1b	฿54.0b	-฿25,905,831.00	14.2x	-697.1x	0.3x
Mon, 17 Feb 2025	฿18.6b	฿50.0b	฿172.6m	13.3x	108x	0.4x
Wed, 15 Jan 2025	฿19.1b	฿50.0b	฿170.2m	13.9x	112.3x	0.4x
Fri, 13 Dec 2024	฿22.5b	฿50.0b	฿170.2m	16.8x	131.9x	0.4x
Sun, 10 Nov 2024	฿25.6b	฿49.5b	฿727.4m	14x	35.1x	0.5x
Tue, 08 Oct 2024	฿27.9b	฿49.3b	฿723.1m	14.3x	38.6x	0.6x
Thu, 05 Sep 2024	฿27.3b	฿49.3b	฿723.1m	13.5x	37.7x	0.6x
Sat, 03 Aug 2024	฿26.8b	฿47.5b	฿767.3m	11.1x	34.9x	0.6x
Mon, 01 Jul 2024	฿26.9b	฿48.1b	฿787.8m	12x	34.1x	0.6x
Wed, 29 May 2024	฿29.0b	฿46.8b	฿740.4m	11.9x	39.1x	0.6x
Fri, 26 Apr 2024	฿28.1b	฿48.3b	฿1.3b	12.1x	22.2x	0.6x
Sun, 24 Mar 2024	฿30.0b	฿48.3b	฿1.3b	12.3x	23.7x	0.6x
Tue, 20 Feb 2024	฿29.5b	฿52.2b	฿1.4b	12.8x	20.8x	0.6x
Thu, 18 Jan 2024	฿27.8b	฿51.5b	฿1.4b	12.7x	20.5x	0.5x
Sat, 16 Dec 2023	฿25.8b	฿51.5b	฿1.4b	12x	19.1x	0.5x
Mon, 13 Nov 2023	฿26.4b	฿54.2b	฿1.4b	12.8x	19.5x	0.5x
Wed, 11 Oct 2023	฿28.3b	฿54.5b	฿1.1b	13.7x	25.4x	0.5x
Fri, 08 Sep 2023	฿31.1b	฿54.5b	฿1.1b	15x	27.9x	0.6x
Sun, 06 Aug 2023	฿29.9b	฿57.8b	฿1.6b	13.6x	19.2x	0.5x
Tue, 04 Jul 2023	฿29.8b	฿57.8b	฿1.6b	13.4x	19.1x	0.5x
Thu, 01 Jun 2023	฿32.6b	฿57.9b	฿1.6b	13.4x	20.9x	0.6x

Current Industry PE

Investors are relatively neutral on the Thai Trade Distributors industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 21.7x.

The industry is trading close to its 3-year average PS ratio of 0.45x.

Past Earnings Growth

The earnings for companies in the Trade Distributors industry have declined 20% per year over the last three years,
Revenues have also declined 4.6% 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	1.38%
Industrials	0.074%
Trade Distributors	0.65%
Trade Companies and Distributors	0.65%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
UKEM Union Petrochemical	฿1.17	6.4% +฿75.9m	125.0%	PE9.1x
MORE More Return	฿0.05	25.0% +฿71.8m	25.0%	PE109x
ITTHI Itthirit Nice Corporation	฿1.22	5.2% +฿16.2m	-14.7%	PE14.2x
THE Steel	฿0.75	1.4% +฿11.0m	-10.7%	PE276.9x
SMIT Sahamit Machinery	฿3.44	0.6% +฿10.6m	-8.0%	PE11.8x

New major risk - Revenue and earnings growth

Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿332.9m market cap, or US$10.7m).

Thai (SET) Trade Distributors Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

First quarter 2026 earnings released: ฿0.13 loss per share (vs ฿0.065 profit in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.04 (vs ฿0.065 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.004 (vs ฿0.007 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.04 (vs ฿0.009 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.086 (vs ฿0.036 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.07 (vs ฿0.082 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.092 (vs ฿0.014 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.05 (vs ฿0.016 loss in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.02 (vs ฿0.038 in 1Q 2025)

First quarter 2026 earnings released: ฿0.001 loss per share (vs ฿0.001 loss in 1Q 2025)

New minor risk - Share price stability

Upcoming dividend of ฿0.065 per share

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 16%

New major risk - Revenue and earnings growth

Full year 2025 earnings released: ฿0.11 loss per share (vs ฿0.37 loss in FY 2024)