Thai (SET) Packaging Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies23
- 7D-3.0%
- 3M-3.3%
- 1Y-24.5%
- YTD-11.8%
Over the last 7 days, the Packaging industry has dropped 3.0%, driven by declines from every company within the industry. However, the industry is down 25% over the past year. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Thai Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | ฿196.6b | ฿227.0b | ฿9.6b | 13.4x | 20.5x | 0.9x |
| Wed, 20 Mar 2024 | ฿191.5b | ฿227.0b | ฿9.6b | 13.6x | 20x | 0.8x |
| Fri, 16 Feb 2024 | ฿198.2b | ฿103.5b | ฿6.4b | 14.7x | 31x | 1.9x |
| Sun, 14 Jan 2024 | ฿213.6b | ฿230.1b | ฿8.2b | 14.7x | 26x | 0.9x |
| Tue, 12 Dec 2023 | ฿231.0b | ฿230.1b | ฿8.2b | 15.1x | 28.1x | 1x |
| Thu, 09 Nov 2023 | ฿223.4b | ฿246.8b | ฿8.7b | 14x | 25.7x | 0.9x |
| Sat, 07 Oct 2023 | ฿226.9b | ฿241.2b | ฿9.5b | 12.6x | 23.9x | 0.9x |
| Mon, 04 Sep 2023 | ฿248.6b | ฿241.2b | ฿9.5b | 13.9x | 26.2x | 1x |
| Wed, 02 Aug 2023 | ฿248.8b | ฿246.3b | ฿11.2b | 12.6x | 22.3x | 1x |
| Fri, 30 Jun 2023 | ฿230.5b | ฿252.1b | ฿11.5b | 12.4x | 20x | 0.9x |
| Sun, 28 May 2023 | ฿245.3b | ฿252.3b | ฿11.5b | 12.4x | 21.3x | 1x |
| Tue, 25 Apr 2023 | ฿261.2b | ฿258.5b | ฿13.8b | 12.6x | 19x | 1x |
| Thu, 23 Mar 2023 | ฿284.7b | ฿258.5b | ฿13.8b | 12.3x | 20.7x | 1.1x |
| Sat, 18 Feb 2023 | ฿308.8b | ฿259.4b | ฿14.6b | 12.1x | 21.1x | 1.2x |
| Mon, 16 Jan 2023 | ฿332.1b | ฿260.3b | ฿17.5b | 12x | 19x | 1.3x |
| Wed, 14 Dec 2022 | ฿341.6b | ฿262.6b | ฿17.3b | 12.8x | 19.7x | 1.3x |
| Fri, 11 Nov 2022 | ฿336.7b | ฿259.0b | ฿17.2b | 13.1x | 19.5x | 1.3x |
| Sun, 09 Oct 2022 | ฿321.8b | ฿251.4b | ฿17.0b | 12.9x | 18.9x | 1.3x |
| Tue, 06 Sep 2022 | ฿331.3b | ฿251.4b | ฿17.0b | 15.3x | 19.5x | 1.3x |
| Thu, 04 Aug 2022 | ฿320.1b | ฿244.8b | ฿16.4b | 14.4x | 19.5x | 1.3x |
| Sat, 02 Jul 2022 | ฿336.5b | ฿236.7b | ฿16.8b | 13.4x | 20x | 1.4x |
| Mon, 30 May 2022 | ฿336.2b | ฿236.2b | ฿16.7b | 14.1x | 20.2x | 1.4x |
| Wed, 27 Apr 2022 | ฿338.8b | ฿219.5b | ฿16.6b | 15.1x | 20.4x | 1.5x |
| Fri, 25 Mar 2022 | ฿342.1b | ฿219.5b | ฿16.6b | 16.4x | 20.6x | 1.6x |
| Sun, 20 Feb 2022 | ฿372.5b | ฿215.2b | ฿16.8b | 15.8x | 22.2x | 1.7x |
| Tue, 18 Jan 2022 | ฿369.2b | ฿201.0b | ฿15.6b | 13.5x | 23.7x | 1.8x |
| Thu, 16 Dec 2021 | ฿371.5b | ฿201.0b | ฿15.6b | 13.1x | 23.9x | 1.8x |
| Sat, 13 Nov 2021 | ฿373.5b | ฿198.4b | ฿15.1b | 13.3x | 24.8x | 1.9x |
| Mon, 11 Oct 2021 | ฿367.5b | ฿188.9b | ฿14.8b | 14.5x | 24.8x | 1.9x |
| Wed, 08 Sep 2021 | ฿389.2b | ฿188.9b | ฿14.8b | 14.4x | 26.2x | 2.1x |
| Fri, 06 Aug 2021 | ฿384.7b | ฿188.9b | ฿14.8b | 14.4x | 25.9x | 2x |
| Mon, 10 May 2021 | ฿345.6b | ฿177.0b | ฿15.0b | 13.7x | 23x | 2x |
Price to Earnings Ratio
23x
Current Industry PE
- Investors are relatively neutral on the Thai Packaging industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 22.3x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.87x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 14% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.6% 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 | -4.61% | |
| Materials | -4.39% | |
| Packaging | -3.04% | |
| Metal and Glass Containers | -1.84% | |
| Paper Packaging | -3.27% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry, which is trading close to its 3-year average PE ratio of 25.1x.
- Analysts are expecting annual earnings growth of 12.7%, which is higher than its past year's earnings decline of 8.7% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, which is trading close to its 3-year average of 12.9x.
Forecasted Growth
- Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 8.7% per year.
- In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| SITHAI Srithai Superware | ฿1.20 | 2.6% +฿81.3m | -17.8% | PE8.7x | |
| TPBI TPBI | ฿3.96 | 1.5% +฿25.0m | -10.8% | PE8.1x | |
| TCOAT Thai Coating Industrial | ฿23.00 | 3.6% +฿8.4m | -4.6% | PE75.7x |