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Thai (SET) Chemicals Industry Analysis
UpdatedJan 06, 2026
DataAggregated Company Financials
Companies32
- 7D1.2%
- 3M-15.9%
- 1Y-21.5%
- YTD0%
The Chemicals industry is up 1.2% in the last week, with TOA Paint (Thailand) up 7.4%. However, the industry is down 22% over the past year. Looking forward, earnings are forecast to grow by 88% 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 |
|---|---|---|---|---|---|---|
| Tue, 06 Jan 2026 | ฿272.3b | ฿1.1t | -฿15,025,220,095.00 | 11.6x | -18.1x | 0.2x |
| Thu, 04 Dec 2025 | ฿264.3b | ฿1.1t | -฿15,025,220,093.00 | 11.4x | -17.6x | 0.2x |
| Sat, 01 Nov 2025 | ฿310.0b | ฿1.2t | -฿33,479,677,354.00 | 11.4x | -9.3x | 0.3x |
| Mon, 29 Sep 2025 | ฿338.9b | ฿1.2t | -฿33,479,677,354.00 | 13.1x | -10.1x | 0.3x |
| Wed, 27 Aug 2025 | ฿348.9b | ฿1.2t | -฿33,424,425,479.00 | 12.7x | -10.4x | 0.3x |
| Fri, 25 Jul 2025 | ฿305.7b | ฿1.3t | -฿48,046,023,856.00 | 12.7x | -6.4x | 0.2x |
| Sun, 22 Jun 2025 | ฿274.7b | ฿1.3t | -฿48,046,023,856.00 | 12.1x | -5.7x | 0.2x |
| Tue, 20 May 2025 | ฿282.0b | ฿1.3t | -฿50,101,312,455.00 | 11.7x | -5.6x | 0.2x |
| Thu, 17 Apr 2025 | ฿269.1b | ฿1.3t | -฿45,640,905,256.00 | 10.1x | -5.9x | 0.2x |
| Sat, 15 Mar 2025 | ฿305.1b | ฿1.3t | -฿45,640,905,256.00 | 11.9x | -6.7x | 0.2x |
| Mon, 10 Feb 2025 | ฿317.1b | ฿1.3t | -฿43,463,164,463.00 | 11.1x | -7.3x | 0.2x |
| Wed, 08 Jan 2025 | ฿358.0b | ฿1.3t | -฿43,463,164,463.00 | 12x | -8.2x | 0.3x |
| Fri, 06 Dec 2024 | ฿362.1b | ฿1.3t | -฿43,463,164,463.00 | 13.1x | -8.3x | 0.3x |
| Sun, 03 Nov 2024 | ฿385.0b | ฿1.3t | -฿18,929,609,061.00 | 13.1x | -20.3x | 0.3x |
| Tue, 01 Oct 2024 | ฿402.1b | ฿1.3t | -฿18,929,609,061.00 | 14.4x | -21.2x | 0.3x |
| Thu, 29 Aug 2024 | ฿338.7b | ฿1.3t | -฿18,929,609,061.00 | 13.2x | -17.9x | 0.3x |
| Sat, 27 Jul 2024 | ฿351.0b | ฿1.3t | -฿2,993,335,294.00 | 13.6x | -117.3x | 0.3x |
| Mon, 24 Jun 2024 | ฿382.2b | ฿1.3t | -฿2,993,335,294.00 | 14.2x | -127.7x | 0.3x |
| Wed, 22 May 2024 | ฿451.2b | ฿1.3t | -฿831,253,286.00 | 16x | -542.8x | 0.3x |
| Fri, 19 Apr 2024 | ฿457.3b | ฿1.3t | -฿594,511,403.00 | 16.8x | -769.2x | 0.3x |
| Sun, 17 Mar 2024 | ฿460.0b | ฿1.3t | -฿594,511,403.00 | 17.3x | -773.8x | 0.4x |
| Tue, 13 Feb 2024 | ฿437.7b | ฿1.3t | -฿7,355,919,337.00 | 20.4x | -59.5x | 0.3x |
| Thu, 11 Jan 2024 | ฿476.5b | ฿1.3t | -฿6,660,266,053.00 | 21x | -71.5x | 0.4x |
| Sat, 09 Dec 2023 | ฿471.7b | ฿1.3t | -฿6,660,266,053.00 | 20.2x | -70.8x | 0.4x |
| Mon, 06 Nov 2023 | ฿461.5b | ฿1.4t | -฿12,226,533,686.00 | 16.7x | -37.7x | 0.3x |
| Wed, 04 Oct 2023 | ฿465.1b | ฿1.4t | -฿11,894,491,686.00 | 21.6x | -39.1x | 0.3x |
| Fri, 01 Sep 2023 | ฿499.5b | ฿1.4t | -฿12,254,800,150.00 | 22.4x | -40.8x | 0.4x |
| Sun, 30 Jul 2023 | ฿542.3b | ฿1.5t | ฿16.3b | 18.4x | 33.2x | 0.4x |
| Tue, 27 Jun 2023 | ฿526.4b | ฿1.5t | ฿16.3b | 18.4x | 32.2x | 0.4x |
| Thu, 25 May 2023 | ฿541.2b | ฿1.5t | ฿17.2b | 19.6x | 31.4x | 0.4x |
| Sat, 22 Apr 2023 | ฿563.2b | ฿1.5t | ฿33.6b | 14.8x | 16.7x | 0.4x |
| Mon, 20 Mar 2023 | ฿585.1b | ฿1.5t | ฿33.6b | 14.8x | 17.4x | 0.4x |
| Wed, 15 Feb 2023 | ฿663.6b | ฿1.5t | ฿58.6b | 17.8x | 11.3x | 0.4x |
| Fri, 13 Jan 2023 | ฿669.6b | ฿1.5t | ฿58.6b | 17.5x | 11.4x | 0.4x |
Price to Earnings Ratio
11.4x
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 0.31x.
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 8.9% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Thai Materials industry?
| TH Market | 2.07% | |
| Materials | 0.72% | |
| Chemicals | 1.24% | |
| Specialty Chemicals | 3.32% | |
| Commodity Chemicals | 1.20% | |
| Fertilizers and Agricultural Chemicals | 0.85% | |
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 16.3x.
- 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 88% 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 88% 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 | |
|---|---|---|---|---|---|
| TOA TOA Paint (Thailand) | ฿14.60 | 7.4% +฿1.9b | -1.4% | PE11.2x | |
| BCT Birla Carbon (Thailand) | ฿52.00 | 1.0% +฿150.0m | -24.1% | PE5.1x | |
| EPG Eastern Polymer Group | ฿2.88 | 1.4% +฿112.0m | -20.9% | PE8.1x | |
| UREKA Eureka Design | ฿0.38 | 8.6% +฿56.5m | -57.8% | PE25.9x | |
| TEGH Thai Eastern Group Holdings | ฿3.02 | 0.7% +฿21.6m | -13.2% | PE5.3x |