Thai (SET) Chemicals Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies33
- 7D-5.7%
- 3M-23.0%
- 1Y-35.1%
- YTD-27.8%
Over the last 7 days, the Chemicals industry has dropped 5.7%, driven by PTT Global Chemical declining 7.9%. In contrast, Siam Pan Group has gained 11%. The industry has fallen 35% in the last year. Earnings are forecast to grow by 60% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ฿343.1b | ฿1.3t | -฿2,993,335,294.00 | 13.6x | -114.6x | 0.3x |
| Sun, 23 Jun 2024 | ฿382.2b | ฿1.3t | -฿2,993,335,294.00 | 14.2x | -127.7x | 0.3x |
| Tue, 21 May 2024 | ฿455.6b | ฿1.3t | -฿831,253,286.00 | 15.7x | -548.1x | 0.3x |
| Thu, 18 Apr 2024 | ฿462.2b | ฿1.3t | -฿594,511,403.00 | 16.8x | -777.5x | 0.4x |
| Sat, 16 Mar 2024 | ฿460.0b | ฿1.3t | -฿594,511,403.00 | 17.3x | -773.8x | 0.4x |
| Mon, 12 Feb 2024 | ฿438.1b | ฿1.3t | -฿7,355,919,337.00 | 18.8x | -59.6x | 0.3x |
| Wed, 10 Jan 2024 | ฿476.2b | ฿1.3t | -฿6,660,266,053.00 | 21.1x | -71.5x | 0.4x |
| Fri, 08 Dec 2023 | ฿471.4b | ฿1.3t | -฿6,660,266,053.00 | 20.1x | -70.8x | 0.4x |
| Sun, 05 Nov 2023 | ฿461.5b | ฿1.4t | -฿12,226,533,686.00 | 16.7x | -37.7x | 0.3x |
| Tue, 03 Oct 2023 | ฿465.1b | ฿1.4t | -฿11,894,491,686.00 | 21.9x | -39.1x | 0.3x |
| Thu, 31 Aug 2023 | ฿500.3b | ฿1.4t | -฿12,254,800,150.00 | 22.4x | -40.8x | 0.4x |
| Sat, 29 Jul 2023 | ฿542.3b | ฿1.5t | ฿16.3b | 18.4x | 33.2x | 0.4x |
| Mon, 26 Jun 2023 | ฿535.7b | ฿1.5t | ฿16.3b | 19.2x | 32.8x | 0.4x |
| Wed, 24 May 2023 | ฿540.8b | ฿1.5t | ฿17.2b | 19.4x | 31.4x | 0.4x |
| Fri, 21 Apr 2023 | ฿557.0b | ฿1.5t | ฿33.6b | 14.8x | 16.6x | 0.4x |
| Sun, 19 Mar 2023 | ฿585.1b | ฿1.5t | ฿33.6b | 14.8x | 17.4x | 0.4x |
| Tue, 14 Feb 2023 | ฿665.0b | ฿1.5t | ฿58.6b | 18.3x | 11.4x | 0.4x |
| Thu, 12 Jan 2023 | ฿670.2b | ฿1.5t | ฿58.6b | 17.3x | 11.4x | 0.4x |
| Sat, 10 Dec 2022 | ฿644.1b | ฿1.5t | ฿58.6b | 17.4x | 11x | 0.4x |
| Mon, 07 Nov 2022 | ฿644.6b | ฿1.4t | ฿77.7b | 15.9x | 8.3x | 0.5x |
| Wed, 05 Oct 2022 | ฿608.0b | ฿1.4t | ฿77.7b | 15.4x | 7.8x | 0.4x |
| Fri, 02 Sep 2022 | ฿636.3b | ฿1.4t | ฿77.0b | 17.6x | 8.3x | 0.5x |
| Sun, 31 Jul 2022 | ฿626.7b | ฿1.2t | ฿88.7b | 16.2x | 7.1x | 0.5x |
| Tue, 28 Jun 2022 | ฿659.5b | ฿1.2t | ฿88.7b | 16.9x | 7.4x | 0.6x |
| Thu, 26 May 2022 | ฿670.7b | ฿1.2t | ฿88.7b | 14.5x | 7.6x | 0.6x |
| Sat, 23 Apr 2022 | ฿687.7b | ฿1.1t | ฿88.2b | 13.9x | 7.8x | 0.6x |
| Mon, 21 Mar 2022 | ฿725.5b | ฿1.1t | ฿95.4b | 14.1x | 7.6x | 0.7x |
| Wed, 16 Feb 2022 | ฿793.3b | ฿1.1t | ฿88.3b | 16.3x | 9x | 0.8x |
| Fri, 14 Jan 2022 | ฿808.1b | ฿1.0t | ฿92.2b | 16.4x | 8.8x | 0.8x |
| Sun, 12 Dec 2021 | ฿739.2b | ฿1.0t | ฿92.0b | 16x | 8x | 0.7x |
| Tue, 09 Nov 2021 | ฿773.4b | ฿953.5b | ฿82.5b | 13.5x | 9.4x | 0.8x |
| Thu, 07 Oct 2021 | ฿803.2b | ฿905.8b | ฿76.0b | 14.9x | 10.6x | 0.9x |
| Sat, 04 Sep 2021 | ฿768.6b | ฿905.8b | ฿76.0b | 13.8x | 10.1x | 0.8x |
| Mon, 02 Aug 2021 | ฿723.8b | ฿905.8b | ฿76.0b | 13.5x | 9.5x | 0.8x |
Price to Earnings Ratio
9.5x
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 0.49x.
Past Earnings Growth
- Total earnings for the Chemicals industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 13% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Materials industry?
| TH Market | -2.56% | |
| Materials | -3.12% | |
| Chemicals | -5.74% | |
| Diversified Chemicals | 0% | |
| Industrial Gases | 0% | |
| Fertilizers and Agricultural Chemicals | -1.59% | |
| Commodity Chemicals | -5.45% | |
| Specialty Chemicals | -18.68% | |
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 18.3x.
- 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 Specialty Chemicals industry, expecting annual earnings growth of 114% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 59% 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 | |
|---|---|---|---|---|---|
| IVL Indorama Ventures | ฿18.90 | 3.3% +฿3.4b | -44.8% | PS0.2x | |
| BCT Birla Carbon (Thailand) | ฿71.75 | 2.1% +฿450.0m | 27.6% | PE4.7x | |
| SPG Siam Pan Group | ฿14.90 | 6.4% +฿310.5m | -6.9% | PE14.7x | |
| DIMET Dimet (Siam) | ฿0.20 | 5.3% +฿24.4m | -35.5% | PS4.3x | |
| SUTHA Golden Lime | ฿3.10 | 2.0% +฿21.7m | 0% | PE17x |