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Thai (SET) Chemicals Industry Analysis
UpdatedAug 18, 2025
DataAggregated Company Financials
Companies34
- 7D-3.7%
- 3M12.7%
- 1Y-1.4%
- YTD-13.6%
Over the last 7 days, the Chemicals industry has dropped 3.7%, driven by declines in Indorama Ventures and PTT Global Chemical of 5.7% and 6.2%, respectively. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 81% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 18 Aug 2025 | ฿319.6b | ฿1.2t | -฿33,463,217,812.00 | 12.9x | -9.6x | 0.3x |
| Wed, 16 Jul 2025 | ฿303.7b | ฿1.3t | -฿48,046,023,856.00 | 12.6x | -6.3x | 0.2x |
| Fri, 13 Jun 2025 | ฿292.2b | ฿1.3t | -฿48,061,558,856.00 | 12x | -6.1x | 0.2x |
| Sun, 11 May 2025 | ฿284.3b | ฿1.3t | -฿48,318,397,862.00 | 10.2x | -5.9x | 0.2x |
| Tue, 08 Apr 2025 | ฿266.4b | ฿1.3t | -฿45,640,905,256.00 | 11x | -5.8x | 0.2x |
| Thu, 06 Mar 2025 | ฿290.3b | ฿1.3t | -฿44,374,130,303.00 | 11.9x | -6.5x | 0.2x |
| Sat, 01 Feb 2025 | ฿326.1b | ฿1.3t | -฿43,463,164,463.00 | 11.4x | -7.5x | 0.2x |
| Mon, 30 Dec 2024 | ฿361.4b | ฿1.3t | -฿43,463,164,463.00 | 12.4x | -8.3x | 0.3x |
| Wed, 27 Nov 2024 | ฿369.8b | ฿1.3t | -฿43,463,164,465.00 | 13.3x | -8.5x | 0.3x |
| Fri, 25 Oct 2024 | ฿372.5b | ฿1.3t | -฿18,929,609,061.00 | 13.2x | -19.7x | 0.3x |
| Sun, 22 Sep 2024 | ฿393.0b | ฿1.3t | -฿18,929,609,061.00 | 14.4x | -20.8x | 0.3x |
| Tue, 20 Aug 2024 | ฿330.4b | ฿1.3t | -฿18,929,240,060.00 | 12.3x | -17.5x | 0.2x |
| Thu, 18 Jul 2024 | ฿360.9b | ฿1.3t | -฿2,993,335,294.00 | 13.8x | -120.6x | 0.3x |
| Sat, 15 Jun 2024 | ฿382.8b | ฿1.3t | -฿2,993,335,294.00 | 14x | -127.9x | 0.3x |
| Mon, 13 May 2024 | ฿441.6b | ฿1.3t | -฿436,034,614.00 | 15.8x | -1012.8x | 0.3x |
| Wed, 10 Apr 2024 | ฿468.2b | ฿1.3t | -฿594,511,403.00 | 16.7x | -787.6x | 0.4x |
| Fri, 08 Mar 2024 | ฿435.6b | ฿1.3t | -฿594,511,402.00 | 15.9x | -732.7x | 0.3x |
| Sun, 04 Feb 2024 | ฿453.2b | ฿1.3t | -฿6,660,266,053.00 | 20x | -68x | 0.3x |
| Tue, 02 Jan 2024 | ฿487.0b | ฿1.3t | -฿6,660,266,053.00 | 20.5x | -73.1x | 0.4x |
| Thu, 30 Nov 2023 | ฿468.0b | ฿1.3t | -฿6,660,266,053.00 | 19.7x | -70.3x | 0.4x |
| Sat, 28 Oct 2023 | ฿442.1b | ฿1.4t | -฿11,894,491,686.00 | 17.1x | -37.2x | 0.3x |
| Mon, 25 Sep 2023 | ฿489.1b | ฿1.4t | -฿11,894,491,686.00 | 21.9x | -41.1x | 0.4x |
| Wed, 23 Aug 2023 | ฿498.3b | ฿1.4t | -฿12,254,800,150.00 | 21.4x | -40.7x | 0.4x |
| Fri, 21 Jul 2023 | ฿524.6b | ฿1.5t | ฿16.3b | 18.5x | 32.1x | 0.4x |
| Sun, 18 Jun 2023 | ฿551.5b | ฿1.5t | ฿16.3b | 20.4x | 33.8x | 0.4x |
| Tue, 16 May 2023 | ฿550.1b | ฿1.5t | ฿17.5b | 15.6x | 31.5x | 0.4x |
| Thu, 13 Apr 2023 | ฿581.0b | ฿1.5t | ฿33.6b | 14.9x | 17.3x | 0.4x |
| Sat, 11 Mar 2023 | ฿613.9b | ฿1.5t | ฿34.4b | 14.1x | 17.8x | 0.4x |
| Mon, 06 Feb 2023 | ฿661.7b | ฿1.5t | ฿58.6b | 18.1x | 11.3x | 0.4x |
| Wed, 04 Jan 2023 | ฿642.3b | ฿1.5t | ฿58.6b | 17.4x | 11x | 0.4x |
| Fri, 02 Dec 2022 | ฿664.6b | ฿1.5t | ฿58.6b | 17.5x | 11.3x | 0.4x |
| Sun, 30 Oct 2022 | ฿624.6b | ฿1.4t | ฿77.7b | 15x | 8x | 0.5x |
| Tue, 27 Sep 2022 | ฿617.5b | ฿1.4t | ฿77.0b | 17.7x | 8x | 0.5x |
| Thu, 25 Aug 2022 | ฿661.7b | ฿1.4t | ฿77.0b | 18.6x | 8.6x | 0.5x |
Price to Earnings Ratio
8.6x
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 0.33x.
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 4.1% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Thai Materials industry?
| TH Market | 0.00% | |
| Materials | -2.43% | |
| Chemicals | -3.71% | |
| Fertilizers and Agricultural Chemicals | 0.15% | |
| Specialty Chemicals | -0.90% | |
| Commodity Chemicals | -3.80% | |
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 17.3x.
- 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 81% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 81% 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) | ฿15.10 | 3.4% +฿969.3m | -12.7% | PE14.5x | |
| EPG Eastern Polymer Group | ฿3.12 | 4.0% +฿336.0m | -26.1% | PE10.8x | |
| PSP P.S.P. Specialties | ฿5.05 | 4.8% +฿322.0m | 5.6% | PE8.7x | |
| TMW Thai Mitsuwa | ฿52.25 | 5.0% +฿99.8m | -1.4% | PE4.2x | |
| CMAN Chememan | ฿2.40 | 4.3% +฿96.0m | 1.7% | PE10.2x |