Thai (SET) Materials Sector Analysis

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
Mon, 05 Dec 2022	฿1.6t	฿2.7t	฿126.2b	15.2x	12.7x	0.6x
Wed, 02 Nov 2022	฿1.6t	฿2.6t	฿149.4b	13.8x	10.5x	0.6x
Fri, 30 Sep 2022	฿1.5t	฿2.5t	฿153.9b	13.6x	9.8x	0.6x
Sun, 28 Aug 2022	฿1.6t	฿2.5t	฿154.6b	14.4x	10.7x	0.7x
Tue, 26 Jul 2022	฿1.6t	฿2.3t	฿176.0b	13.2x	9.2x	0.7x
Thu, 23 Jun 2022	฿1.6t	฿2.3t	฿176.1b	13.1x	9.2x	0.7x
Sat, 21 May 2022	฿1.6t	฿2.3t	฿175.8b	13x	9.4x	0.7x
Mon, 18 Apr 2022	฿1.7t	฿2.2t	฿188.9b	12.7x	9.1x	0.8x
Wed, 16 Mar 2022	฿1.7t	฿2.2t	฿188.9b	13.5x	9.3x	0.8x
Fri, 11 Feb 2022	฿1.9t	฿2.0t	฿181.2b	13.4x	10.4x	0.9x
Sun, 09 Jan 2022	฿1.9t	฿2.0t	฿179.6b	13.1x	10.3x	0.9x
Tue, 07 Dec 2021	฿1.8t	฿2.0t	฿179.4b	12.5x	9.9x	0.9x
Thu, 04 Nov 2021	฿1.8t	฿1.9t	฿160.6b	13.1x	11.5x	1x
Sat, 02 Oct 2021	฿1.9t	฿1.8t	฿162.4b	12.9x	11.5x	1x
Mon, 30 Aug 2021	฿1.9t	฿1.9t	฿163.0b	12.6x	11.9x	1x
Tue, 06 Jul 2021	฿1.9t	฿1.9t	฿162.9b	13x	11.4x	1x
Fri, 09 Apr 2021	฿1.8t	฿1.7t	฿111.6b	13.2x	15.7x	1x
Thu, 31 Dec 2020	฿1.6t	฿1.6t	฿70.3b	12.2x	22.3x	1x
Sun, 04 Oct 2020	฿1.1t	฿1.5t	฿54.3b	10.8x	20.2x	0.7x
Wed, 08 Jul 2020	฿1.2t	฿1.6t	฿50.1b	11.2x	24.2x	0.8x
Tue, 31 Mar 2020	฿972.4b	฿1.7t	฿48.8b	10.2x	19.9x	0.6x
Fri, 03 Jan 2020	฿1.4t	฿1.7t	฿73.6b	12.5x	18.6x	0.8x

Current Industry PE

Investors are pessimistic on the Thai Materials 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 12.7x which is lower than its 3-year average PE of 15.8x.

Past Earnings Growth

The earnings for companies in the Materials industry have grown 20% per year over the last three years.
Revenues for these companies have grown 16% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Thai Materials sector?

Industry PE

Investors are most optimistic about the Packaging industry, which is trading close to its 3-year average PE ratio of 18.5x.

Analysts are expecting annual earnings growth of 17.5%, which is higher than its past year's earnings growth of 8.0% per year.

Investors are most pessimistic about the Chemicals industry, which is trading below its 3-year average of 37.5x.

Forecasted Growth

Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 23% over the next 5 years.
This is better than its past earnings growth rate of 2.2% per year.

In contrast, the Basic Materials industry is expected to see its earnings grow by 16% 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
SCGP SCG Packaging	฿56.50	2.7% +฿6.4b	-10.3%	PE32.5x
TPIPL TPI Polene	฿1.89	1.1% +฿378.7m	13.9%	PE4.6x
PTL Polyplex (Thailand)	฿25.00	1.6% +฿360.0m	6.4%	PE5.4x
TSTH Tata Steel (Thailand)	฿1.05	4.0% +฿336.9m	-28.6%	PE5.9x
SCCC Siam City Cement	฿150.00	0.7% +฿298.0m	-3.5%	PE11.7x

Nov 18

Sector Valuation and Performance