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Thai (SET) Materials Sector Analysis
UpdatedSep 13, 2025
DataAggregated Company Financials
Companies100
- 7D3.5%
- 3M20.7%
- 1Y-10.3%
- YTD4.4%
In the last week, the Materials industry is up 5.4%, with Siam Cement leading the way, up 4.1%. However, the industry is down 10% over the past year. As for the next few years, earnings are expected to grow by 32% per annum.
Sector Valuation and Performance
Has the Thai Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 13 Sep 2025 | ฿908.0b | ฿2.2t | ฿3.0b | 10.9x | 299.6x | 0.4x |
| Mon, 11 Aug 2025 | ฿850.1b | ฿2.3t | -฿10,782,231,961.00 | 11x | -78.8x | 0.4x |
| Wed, 09 Jul 2025 | ฿752.6b | ฿2.3t | -฿25,726,335,199.00 | 10.1x | -29.3x | 0.3x |
| Fri, 06 Jun 2025 | ฿746.0b | ฿2.3t | -฿25,767,510,779.00 | 10.1x | -29x | 0.3x |
| Sun, 04 May 2025 | ฿718.5b | ฿2.3t | -฿22,544,387,130.00 | 9.3x | -31.9x | 0.3x |
| Tue, 01 Apr 2025 | ฿722.0b | ฿2.3t | -฿26,285,464,575.00 | 10x | -27.5x | 0.3x |
| Thu, 27 Feb 2025 | ฿715.5b | ฿2.3t | -฿40,713,198,897.00 | 10.2x | -17.6x | 0.3x |
| Sat, 25 Jan 2025 | ฿807.2b | ฿2.4t | -฿25,585,177,785.00 | 10.9x | -31.5x | 0.3x |
| Mon, 23 Dec 2024 | ฿852.1b | ฿2.4t | -฿25,929,799,785.00 | 11.1x | -32.9x | 0.4x |
| Wed, 20 Nov 2024 | ฿944.8b | ฿2.4t | -฿17,642,884,489.00 | 11.9x | -53.6x | 0.4x |
| Fri, 18 Oct 2024 | ฿991.2b | ฿2.4t | ฿6.5b | 12.1x | 152.9x | 0.4x |
| Sun, 15 Sep 2024 | ฿1.0t | ฿2.4t | ฿6.5b | 11.8x | 156.6x | 0.4x |
| Tue, 13 Aug 2024 | ฿870.2b | ฿2.4t | ฿8.4b | 10.9x | 103.3x | 0.4x |
| Thu, 11 Jul 2024 | ฿1.0t | ฿2.3t | ฿27.9b | 12.1x | 36.4x | 0.4x |
| Sat, 08 Jun 2024 | ฿1.1t | ฿2.3t | ฿27.9b | 13.1x | 38.2x | 0.5x |
| Mon, 06 May 2024 | ฿1.1t | ฿2.3t | ฿31.5b | 14.1x | 35.5x | 0.5x |
| Wed, 03 Apr 2024 | ฿1.1t | ฿2.3t | ฿44.5b | 14x | 25.5x | 0.5x |
| Fri, 01 Mar 2024 | ฿1.1t | ฿2.3t | ฿41.3b | 13.6x | 27.1x | 0.5x |
| Sun, 28 Jan 2024 | ฿1.1t | ฿2.3t | ฿33.3b | 14.1x | 34.5x | 0.5x |
| Tue, 26 Dec 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 14x | 36.3x | 0.5x |
| Thu, 23 Nov 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 14.3x | 36.4x | 0.5x |
| Sat, 21 Oct 2023 | ฿1.2t | ฿2.4t | ฿29.0b | 14x | 40.2x | 0.5x |
| Mon, 18 Sep 2023 | ฿1.3t | ฿2.4t | ฿29.3b | 16.2x | 44x | 0.5x |
| Wed, 16 Aug 2023 | ฿1.3t | ฿2.4t | ฿30.0b | 15.3x | 43.5x | 0.5x |
| Fri, 14 Jul 2023 | ฿1.3t | ฿2.6t | ฿64.8b | 14.7x | 20.7x | 0.5x |
| Sun, 11 Jun 2023 | ฿1.4t | ฿2.6t | ฿64.8b | 16.4x | 21.2x | 0.5x |
| Tue, 09 May 2023 | ฿1.4t | ฿2.6t | ฿86.4b | 15.6x | 16.6x | 0.5x |
| Thu, 06 Apr 2023 | ฿1.4t | ฿2.7t | ฿79.3b | 15.9x | 18.2x | 0.5x |
| Sat, 04 Mar 2023 | ฿1.5t | ฿2.7t | ฿90.1b | 15.4x | 17x | 0.6x |
| Mon, 30 Jan 2023 | ฿1.6t | ฿2.7t | ฿117.5b | 15.2x | 13.7x | 0.6x |
| Wed, 28 Dec 2022 | ฿1.6t | ฿2.7t | ฿126.2b | 14.8x | 12.6x | 0.6x |
| Fri, 25 Nov 2022 | ฿1.6t | ฿2.7t | ฿126.2b | 15x | 12.7x | 0.6x |
| Sun, 23 Oct 2022 | ฿1.5t | ฿2.5t | ฿153.8b | 13.6x | 9.9x | 0.6x |
| Tue, 20 Sep 2022 | ฿1.6t | ฿2.5t | ฿153.9b | 14.3x | 10.2x | 0.6x |
Price to Earnings Ratio
10.2x
Current Industry PE
- Investors are optimistic on the Thai Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 298x which is higher than its 3-year average PE of 28.1x.
- The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 73% per year over the last three years,
- Revenues have also declined 4.3% 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 Materials sector?
| TH Market | 2.23% | |
| Materials | 3.52% | |
| Packaging | 4.59% | |
| Basic Materials | 3.89% | |
| Chemicals | 2.86% | |
| Metals and Mining | 2.47% | |
Industry PE
- Investors are most optimistic about the Packaging industry even though it's trading below its 3-year average PE ratio of 18.8x.
- Analysts are expecting annual earnings growth of 7.7%, which is higher than its past year's earnings decline of 8.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 82% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Basic Materials industry is expected to see its earnings decline by 6.5% 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 | |
|---|---|---|---|---|---|
| SCC Siam Cement | ฿228.00 | 4.1% +฿10.8b | -5.4% | PE14.7x | |
| IVL Indorama Ventures | ฿23.80 | 7.7% +฿9.5b | 10.7% | PS0.3x | |
| SCGP SCG Packaging | ฿19.10 | 6.7% +฿5.2b | -30.5% | PE19.3x | |
| TPIPL TPI Polene | ฿0.82 | 17.1% +฿2.3b | -33.9% | PE11.3x | |
| SCCC Siam City Cement | ฿151.00 | 1.3% +฿596.0m | -5.0% | PE8.4x |