Has the Thai Chemicals Industry valuation changed over the past few years?
|Thu, 09 Dec 2021||฿735.0b||฿1.0t||฿92.0b||16.1x|
|Sat, 06 Nov 2021||฿760.9b||฿906.5b||฿76.0b||14.4x|
|Mon, 04 Oct 2021||฿786.0b||฿905.8b||฿76.0b||14.2x|
|Wed, 01 Sep 2021||฿770.2b||฿905.8b||฿76.0b||13.5x|
|Thu, 08 Jul 2021||฿736.0b||฿905.8b||฿76.0b||13.8x|
|Wed, 31 Mar 2021||฿756.1b||฿811.9b||฿37.8b||15x|
|Sat, 02 Jan 2021||฿672.0b||฿791.1b||฿12.6b||16.3x|
|Tue, 06 Oct 2020||฿476.5b||฿778.2b||฿3.7b||9.6x|
|Fri, 10 Jul 2020||฿539.3b||฿810.3b||฿5.3b||9.7x|
|Thu, 02 Apr 2020||฿404.2b||฿873.0b||฿9.5b||11.3x|
|Sun, 05 Jan 2020||฿646.8b||฿897.4b||฿25.7b||18.2x|
|Wed, 09 Oct 2019||฿629.7b||฿956.9b||฿34.0b||15.8x|
|Tue, 02 Jul 2019||฿753.6b||฿1.0t||฿53.6b||15.4x|
|Fri, 05 Apr 2019||฿779.0b||฿1.0t||฿68.8b||13.5x|
|Mon, 07 Jan 2019||฿818.8b||฿1.0t||฿77.7b||12.9x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 13.8x. However, future earnings are expected to decline by 6.5% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Chemicals industry have grown 5.8% per year over the last three years, while revenues have remained mostly flat. This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Which industries have driven the changes within the Thai Chemicals industry?
|Fertilizers and Agricultural Chemicals||1.64%|
Industry PE: Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 13.0x. However analysts are expecting annual earnings decline of 6.9%, which is lower than the prior year's growth of 17% per year. So the market might believe that analysts are underestimating future growth or they expect the Commodity Chemicals industry's earnings to deteriorate the least compared to other industries. Meanwhile, investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading below its 3-year average of 18.3x.
Forecasted Growth: Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 13% over the next 5 years. However this is lower than its past earnings growth rate of 42% per year. Meanwhile, the Commodity Chemicals industry is expected to see its earnings decline by 6.9% per year over the next few years.
Which companies have driven the market over the last 7 days?
North East Rubbers
Birla Carbon (Thailand)
Eastern Polymer Group
Thai Central Chemical
Siam Pan Group
Global Green Chemicals
Thai Film Industries