Have your own idea? Try our Stock Screener
Thai (SET) Real Estate Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies123
- 7D0.6%
- 3M5.1%
- 1Y-8.5%
- YTD-10.1%
In the last week, Real Estate has been flat. As for the longer term, the industry has declined 8.5% in the last year. Looking forward, earnings are forecast to grow by 8.2% annually.
Sector Valuation and Performance
Has the Thai Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ฿1.2t | ฿520.7b | ฿85.3b | 12.6x | 13.5x | 2.2x |
| Sat, 19 Oct 2024 | ฿1.2t | ฿519.5b | ฿87.0b | 12.6x | 14.1x | 2.4x |
| Mon, 16 Sep 2024 | ฿1.2t | ฿519.2b | ฿86.9b | 11.3x | 13.7x | 2.3x |
| Wed, 14 Aug 2024 | ฿1.1t | ฿512.8b | ฿86.1b | 11x | 12.4x | 2.1x |
| Fri, 12 Jul 2024 | ฿1.1t | ฿509.8b | ฿84.9b | 11x | 12.8x | 2.1x |
| Sun, 09 Jun 2024 | ฿1.1t | ฿510.1b | ฿85.6b | 11.6x | 13.2x | 2.2x |
| Tue, 07 May 2024 | ฿1.2t | ฿508.2b | ฿85.9b | 12.3x | 14x | 2.4x |
| Thu, 04 Apr 2024 | ฿1.2t | ฿508.1b | ฿85.5b | 12.5x | 14.2x | 2.4x |
| Sat, 02 Mar 2024 | ฿1.2t | ฿734.1b | -฿55,221,338,750.00 | 12.5x | -22.1x | 1.7x |
| Mon, 29 Jan 2024 | ฿1.2t | ฿512.3b | ฿89.3b | 11.3x | 13.6x | 2.4x |
| Wed, 27 Dec 2023 | ฿1.3t | ฿513.1b | ฿88.0b | 11x | 14.2x | 2.4x |
| Fri, 24 Nov 2023 | ฿1.2t | ฿513.6b | ฿88.0b | 11.3x | 14.1x | 2.4x |
| Sun, 22 Oct 2023 | ฿1.2t | ฿510.7b | ฿85.5b | 11.1x | 14.1x | 2.4x |
| Tue, 19 Sep 2023 | ฿1.3t | ฿510.7b | ฿85.5b | 11.7x | 15x | 2.5x |
| Thu, 17 Aug 2023 | ฿1.3t | ฿510.4b | ฿86.7b | 12.5x | 15x | 2.6x |
| Sat, 15 Jul 2023 | ฿1.3t | ฿509.4b | ฿86.6b | 12.3x | 14.9x | 2.5x |
| Mon, 12 Jun 2023 | ฿1.3t | ฿506.3b | ฿86.2b | 12.9x | 15.4x | 2.6x |
| Wed, 10 May 2023 | ฿1.4t | ฿497.3b | ฿83.5b | 13.1x | 16.3x | 2.7x |
| Fri, 07 Apr 2023 | ฿1.4t | ฿496.5b | ฿82.7b | 13.3x | 16.4x | 2.7x |
| Sun, 05 Mar 2023 | ฿1.4t | ฿487.9b | ฿78.8b | 13x | 17.3x | 2.8x |
| Tue, 31 Jan 2023 | ฿1.4t | ฿466.9b | ฿69.8b | 13.1x | 20.5x | 3.1x |
| Thu, 29 Dec 2022 | ฿1.4t | ฿466.8b | ฿71.2b | 12.9x | 19.6x | 3x |
| Sat, 26 Nov 2022 | ฿1.3t | ฿465.5b | ฿70.7b | 12.6x | 18.7x | 2.8x |
| Mon, 24 Oct 2022 | ฿1.3t | ฿433.5b | ฿52.8b | 12.8x | 24.4x | 3x |
| Wed, 21 Sep 2022 | ฿1.3t | ฿433.3b | ฿52.6b | 13.4x | 24.9x | 3x |
| Fri, 19 Aug 2022 | ฿1.3t | ฿434.5b | ฿51.7b | 13.4x | 25.2x | 3x |
| Sun, 17 Jul 2022 | ฿1.2t | ฿417.5b | ฿41.3b | 13.3x | 29.8x | 2.9x |
| Tue, 14 Jun 2022 | ฿1.3t | ฿417.9b | ฿42.6b | 13.8x | 30x | 3.1x |
| Thu, 12 May 2022 | ฿1.3t | ฿414.4b | ฿43.5b | 14.2x | 29.9x | 3.1x |
| Sat, 09 Apr 2022 | ฿1.3t | ฿412.1b | ฿43.3b | 14.5x | 31.1x | 3.3x |
| Mon, 07 Mar 2022 | ฿1.3t | ฿409.4b | ฿43.1b | 14.4x | 30.6x | 3.2x |
| Wed, 02 Feb 2022 | ฿1.3t | ฿409.1b | ฿40.9b | 14.6x | 32x | 3.2x |
| Fri, 31 Dec 2021 | ฿1.3t | ฿409.2b | ฿40.8b | 14.3x | 32.2x | 3.2x |
| Sun, 28 Nov 2021 | ฿1.3t | ฿406.5b | ฿40.3b | 14x | 32x | 3.2x |
Price to Earnings Ratio
32x
Current Industry PE
- Investors are pessimistic on the Thai Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 13.5x which is lower than its 3-year average PE of 19.4x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 8.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Real Estate sector?
| TH Market | 0.77% | |
| Real Estate | 0.58% | |
| Industrial REITs | 1.87% | |
| Hotel and Resort REITs | 1.86% | |
| Retail REITs | 0.68% | |
| Real Estate | 0.64% | |
| Health Care REITs | 0% | |
| Residential REITs | -0.46% | |
| Office REITs | -1.68% | |
| REITS | -2.08% | |
| Specialized REITs | -2.93% | |
Industry PE
- Investors are most optimistic about the Specialized REITs industry even though it's trading below its 3-year average PE ratio of 23.3x.
- Analysts are expecting annual earnings growth of 2.3%, which is lower than the prior year's growth of 21.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 5.2% 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 | |
|---|---|---|---|---|---|
| CPN Central Pattana | ฿62.25 | 3.8% +฿10.1b | -7.1% | PE16.6x | |
| LH Land and Houses | ฿5.50 | 4.8% +฿3.0b | -29.5% | PE10.3x | |
| CPNREIT CPN Retail Growth Leasehold REIT | ฿12.00 | 6.2% +฿2.5b | 6.2% | PB1x | |
| SPALI Supalai | ฿19.90 | 5.3% +฿2.0b | 11.2% | PE6.2x | |
| SIRI Sansiri | ฿1.83 | 6.4% +฿1.9b | 8.9% | PE5.7x |