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Thai (SET) Steel Industry Analysis
UpdatedMay 23, 2025
DataAggregated Company Financials
Companies23
- 7D0.1%
- 3M4.1%
- 1Y-27.5%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.4%, driven by a pullback from Millcon Steel of 20%. In contrast, Tycoons Worldwide Group (Thailand) has gained 8.5%. However, the industry is down 27% over the past year.
Industry Valuation and Performance
Has the Thai Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 23 May 2025 | ฿36.8b | ฿131.3b | -฿712,755,646.00 | 16.4x | -51.6x | 0.3x |
| Sun, 20 Apr 2025 | ฿35.9b | ฿134.5b | -฿421,117,527.00 | 15.1x | -85.3x | 0.3x |
| Tue, 18 Mar 2025 | ฿35.4b | ฿141.3b | -฿6,395,385,064.00 | 12.1x | -5.5x | 0.3x |
| Thu, 13 Feb 2025 | ฿35.7b | ฿141.6b | -฿6,179,788,769.00 | 15.5x | -5.8x | 0.3x |
| Sat, 11 Jan 2025 | ฿37.5b | ฿141.4b | -฿6,524,410,769.00 | 20.3x | -5.7x | 0.3x |
| Mon, 09 Dec 2024 | ฿43.6b | ฿140.7b | -฿6,510,329,615.00 | 24.5x | -6.7x | 0.3x |
| Wed, 06 Nov 2024 | ฿47.1b | ฿148.0b | -฿2,425,338,199.00 | 15.2x | -19.4x | 0.3x |
| Fri, 04 Oct 2024 | ฿49.8b | ฿148.1b | -฿2,229,144,497.00 | 15.7x | -22.3x | 0.3x |
| Sun, 01 Sep 2024 | ฿44.0b | ฿148.1b | -฿2,228,235,745.00 | 14.5x | -19.7x | 0.3x |
| Tue, 30 Jul 2024 | ฿43.7b | ฿154.1b | -฿1,570,384,594.00 | 16.2x | -27.8x | 0.3x |
| Thu, 27 Jun 2024 | ฿47.5b | ฿153.5b | -฿1,610,802,594.00 | 16.5x | -29.5x | 0.3x |
| Sat, 25 May 2024 | ฿50.2b | ฿152.5b | -฿1,744,620,131.00 | 16.9x | -28.7x | 0.3x |
| Mon, 22 Apr 2024 | ฿49.4b | ฿157.9b | -฿464,618,232.00 | 13.6x | -106.3x | 0.3x |
| Wed, 20 Mar 2024 | ฿53.6b | ฿158.5b | -฿555,219,190.00 | 15x | -96.4x | 0.3x |
| Fri, 16 Feb 2024 | ฿52.3b | ฿159.8b | -฿4,218,635,970.00 | 14.2x | -12.4x | 0.3x |
| Sun, 14 Jan 2024 | ฿55.2b | ฿163.4b | -฿4,821,463,017.00 | 12.9x | -11.4x | 0.3x |
| Tue, 12 Dec 2023 | ฿51.9b | ฿163.4b | -฿4,831,462,017.00 | 12.7x | -10.8x | 0.3x |
| Thu, 09 Nov 2023 | ฿51.3b | ฿164.3b | -฿6,566,672,362.00 | 21.2x | -7.8x | 0.3x |
| Sat, 07 Oct 2023 | ฿54.6b | ฿165.9b | -฿6,437,714,362.00 | 21.6x | -8.5x | 0.3x |
| Mon, 04 Sep 2023 | ฿59.9b | ฿165.9b | -฿6,435,843,600.00 | 21.8x | -9.3x | 0.4x |
| Wed, 02 Aug 2023 | ฿56.3b | ฿171.8b | -฿5,196,956,029.00 | 18.2x | -10.8x | 0.3x |
| Fri, 30 Jun 2023 | ฿55.9b | ฿174.3b | -฿4,662,776,029.00 | 14.6x | -12x | 0.3x |
| Sun, 28 May 2023 | ฿60.7b | ฿172.9b | -฿4,622,122,387.00 | 14.6x | -13.1x | 0.4x |
| Tue, 25 Apr 2023 | ฿65.5b | ฿181.2b | -฿2,363,906,785.00 | 18.9x | -27.7x | 0.4x |
| Thu, 23 Mar 2023 | ฿66.9b | ฿182.5b | -฿2,222,928,745.00 | 18.9x | -30.1x | 0.4x |
| Sat, 18 Feb 2023 | ฿74.1b | ฿187.0b | ฿5.2b | 12.3x | 14.2x | 0.4x |
| Mon, 16 Jan 2023 | ฿77.4b | ฿188.3b | ฿5.9b | 10.4x | 13x | 0.4x |
| Wed, 14 Dec 2022 | ฿71.0b | ฿188.3b | ฿6.0b | 10x | 11.9x | 0.4x |
| Fri, 11 Nov 2022 | ฿74.8b | ฿191.0b | ฿11.1b | 7.4x | 6.7x | 0.4x |
| Sun, 09 Oct 2022 | ฿76.9b | ฿191.3b | ฿12.0b | 7.8x | 6.4x | 0.4x |
| Tue, 06 Sep 2022 | ฿76.2b | ฿191.3b | ฿12.0b | 7.7x | 6.4x | 0.4x |
| Thu, 04 Aug 2022 | ฿77.5b | ฿188.8b | ฿15.0b | 7x | 5.2x | 0.4x |
| Sat, 02 Jul 2022 | ฿83.0b | ฿188.0b | ฿15.2b | 7.5x | 5.4x | 0.4x |
| Mon, 30 May 2022 | ฿94.6b | ฿188.0b | ฿15.2b | 7.9x | 6.2x | 0.5x |
Price to Earnings Ratio
6.2x
Current Industry PE
- Investors are pessimistic on the Thai Steel 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 0.34x.
Past Earnings Growth
- Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 11% per year, which is driving profits down.
Industry Comparison
How does Thai Steel compare with similar industries?
| TH Market | -1.78% | |
| Materials | 1.61% | |
| Metals and Mining | 0.11% | |
| Steel | 0.10% | |
| Aluminum | 3.57% | |
| Diversified Metals and Mining | -2.63% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TYCN Tycoons Worldwide Group (Thailand) | ฿1.79 | 8.5% +฿83.5m | -27.2% | PS0.2x | |
| TGPRO Thai-German Products | ฿0.07 | 16.7% +฿47.2m | -46.2% | PS0.2x | |
| SAM Samchai Steel Industries | ฿0.16 | 23.1% +฿31.4m | -57.9% | PS0.02x | |
| MCS M.C.S. Steel | ฿8.85 | 0.6% +฿23.9m | 9.9% | PE5.1x | |
| PAP Pacific Pipe | ฿1.93 | 1.6% +฿19.8m | -17.5% | PS0.2x |