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Thai (SET) Chemicals Industry Analysis
UpdatedNov 18, 2025
DataAggregated Company Financials
Companies33
- 7D-1.7%
- 3M-15.8%
- 1Y-26.8%
- YTD-25.7%
Over the last 7 days, the Chemicals industry has dropped 2.1%, driven by Indorama Ventures declining 5.0%. On the other hand Birla Carbon (Thailand) is actually up 5.8%. However, the industry is down 25% over the past year. Looking forward, earnings are forecast to grow by 89% annually.
Industry Valuation and Performance
Has the Thai Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Nov 2025 | ฿278.1b | ฿1.1t | -฿15,144,842,379.00 | 11.2x | -18.4x | 0.2x |
| Fri, 17 Oct 2025 | ฿316.5b | ฿1.2t | -฿33,479,677,354.00 | 11.4x | -9.5x | 0.3x |
| Sun, 14 Sep 2025 | ฿354.9b | ฿1.2t | -฿33,479,677,354.00 | 12.5x | -10.6x | 0.3x |
| Tue, 12 Aug 2025 | ฿331.9b | ฿1.3t | -฿47,945,886,006.00 | 12.8x | -6.9x | 0.3x |
| Thu, 10 Jul 2025 | ฿288.8b | ฿1.3t | -฿48,046,023,856.00 | 12.2x | -6x | 0.2x |
| Sat, 07 Jun 2025 | ฿286.3b | ฿1.3t | -฿48,089,658,436.00 | 11.4x | -6x | 0.2x |
| Mon, 05 May 2025 | ฿268.2b | ฿1.3t | -฿45,640,905,256.00 | 10.4x | -5.9x | 0.2x |
| Wed, 02 Apr 2025 | ฿279.8b | ฿1.3t | -฿45,640,905,256.00 | 11.4x | -6.1x | 0.2x |
| Fri, 28 Feb 2025 | ฿277.0b | ฿1.3t | -฿44,393,829,192.00 | 12x | -6.2x | 0.2x |
| Sun, 26 Jan 2025 | ฿336.2b | ฿1.3t | -฿43,463,164,463.00 | 11.8x | -7.7x | 0.3x |
| Tue, 24 Dec 2024 | ฿358.4b | ฿1.3t | -฿43,463,164,463.00 | 12.1x | -8.2x | 0.3x |
| Thu, 21 Nov 2024 | ฿370.3b | ฿1.3t | -฿41,066,106,985.00 | 13.2x | -9x | 0.3x |
| Sat, 19 Oct 2024 | ฿379.9b | ฿1.3t | -฿18,929,609,061.00 | 14.2x | -20.1x | 0.3x |
| Mon, 16 Sep 2024 | ฿371.4b | ฿1.3t | -฿18,929,609,061.00 | 14.5x | -19.6x | 0.3x |
| Wed, 14 Aug 2024 | ฿318.5b | ฿1.3t | -฿18,976,667,524.00 | 12.7x | -16.8x | 0.2x |
| Fri, 12 Jul 2024 | ฿383.0b | ฿1.3t | -฿2,993,335,294.00 | 14.1x | -127.9x | 0.3x |
| Sun, 09 Jun 2024 | ฿405.0b | ฿1.3t | -฿3,023,977,912.00 | 14.3x | -133.9x | 0.3x |
| Tue, 07 May 2024 | ฿441.8b | ฿1.3t | -฿594,511,403.00 | 16.3x | -743.1x | 0.3x |
| Thu, 04 Apr 2024 | ฿464.7b | ฿1.3t | -฿594,511,403.00 | 16.4x | -781.7x | 0.4x |
| Sat, 02 Mar 2024 | ฿436.2b | ฿1.3t | -฿645,153,476.00 | 17x | -676.2x | 0.3x |
| Mon, 29 Jan 2024 | ฿451.6b | ฿1.3t | -฿6,660,266,053.00 | 20.5x | -67.8x | 0.3x |
| Wed, 27 Dec 2023 | ฿484.9b | ฿1.3t | -฿6,660,266,053.00 | 20.6x | -72.8x | 0.4x |
| Fri, 24 Nov 2023 | ฿470.8b | ฿1.3t | -฿6,660,266,053.00 | 20x | -70.7x | 0.4x |
| Sun, 22 Oct 2023 | ฿437.8b | ฿1.4t | -฿11,894,491,686.00 | 18.6x | -36.8x | 0.3x |
| Tue, 19 Sep 2023 | ฿484.1b | ฿1.4t | -฿11,894,491,686.00 | 22.4x | -40.7x | 0.4x |
| Thu, 17 Aug 2023 | ฿496.1b | ฿1.4t | -฿12,261,191,149.00 | 22x | -40.5x | 0.4x |
| Sat, 15 Jul 2023 | ฿554.4b | ฿1.5t | ฿16.3b | 18.4x | 33.9x | 0.4x |
| Mon, 12 Jun 2023 | ฿547.4b | ฿1.5t | ฿16.3b | 20.5x | 33.5x | 0.4x |
| Wed, 10 May 2023 | ฿571.7b | ฿1.5t | ฿33.1b | 15.5x | 17.2x | 0.4x |
| Fri, 07 Apr 2023 | ฿581.1b | ฿1.5t | ฿33.6b | 14.8x | 17.3x | 0.4x |
| Sun, 05 Mar 2023 | ฿620.6b | ฿1.5t | ฿37.0b | 15.9x | 16.8x | 0.4x |
| Tue, 31 Jan 2023 | ฿665.7b | ฿1.5t | ฿58.6b | 17.9x | 11.4x | 0.4x |
| Thu, 29 Dec 2022 | ฿648.4b | ฿1.5t | ฿58.6b | 17.3x | 11.1x | 0.4x |
| Sat, 26 Nov 2022 | ฿660.0b | ฿1.5t | ฿58.6b | 17.5x | 11.3x | 0.4x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the Thai Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.32x.
Past Earnings Growth
- Total earnings for the Chemicals industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 8.6% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Thai Materials industry?
| TH Market | -2.34% | |
| Materials | -2.88% | |
| Chemicals | -1.70% | |
| Specialty Chemicals | 1.32% | |
| Commodity Chemicals | -1.73% | |
| Fertilizers and Agricultural Chemicals | -4.67% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry even though it's trading below its 3-year average PE ratio of 16.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 89% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 89% 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 | |
|---|---|---|---|---|---|
| EPG Eastern Polymer Group | ฿3.16 | 11.3% +฿896.0m | -35.0% | PE8.9x | |
| BCT Birla Carbon (Thailand) | ฿50.00 | 4.7% +฿675.0m | -24.8% | PE4.9x | |
| TOA TOA Paint (Thailand) | ฿13.00 | 1.6% +฿387.7m | -21.7% | PE10x | |
| PSP P.S.P. Specialties | ฿4.86 | 3.8% +฿252.0m | 11.5% | PE7.5x | |
| GGC Global Green Chemicals | ฿3.60 | 2.9% +฿102.4m | -21.4% | PS0.2x |