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Thai (SET) Real Estate Sector Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies123
  • 7D0.4%
  • 3M1.4%
  • 1Y3.1%
  • YTD0.3%

The Real Estate is pretty flat in the last 7 days, but Nusasiri has stood out, gaining 18%. As for the the longer term, the industry is up 3.1% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Thai Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022฿1.3t฿465.6b฿70.9b12.3x18.7x2.8x
Thu, 27 Oct 2022฿1.3t฿433.5b฿52.8b12.9x24.8x3x
Sat, 24 Sep 2022฿1.3t฿433.3b฿52.6b13.4x24.6x3x
Mon, 22 Aug 2022฿1.3t฿433.4b฿52.5b13.6x24.7x3x
Wed, 20 Jul 2022฿1.2t฿417.5b฿41.3b13.3x29.8x2.9x
Fri, 17 Jun 2022฿1.3t฿417.9b฿42.6b13.6x29.4x3x
Sun, 15 May 2022฿1.3t฿420.7b฿42.7b13.8x29.7x3x
Tue, 12 Apr 2022฿1.3t฿412.1b฿43.3b14.4x31.1x3.3x
Thu, 10 Mar 2022฿1.3t฿412.1b฿43.3b14.1x30.1x3.2x
Sat, 05 Feb 2022฿1.3t฿409.2b฿40.8b14.5x32.3x3.2x
Mon, 03 Jan 2022฿1.3t฿409.2b฿40.8b14.3x32.2x3.2x
Wed, 01 Dec 2021฿1.2t฿405.9b฿40.3b13.7x30.7x3.1x
Fri, 29 Oct 2021฿1.3t฿424.0b฿55.3b14.1x23.8x3.1x
Sun, 26 Sep 2021฿1.3t฿424.1b฿55.4b13.8x22.8x3x
Tue, 24 Aug 2021฿1.2t฿425.4b฿54.7b13.8x22.5x2.9x
Wed, 30 Jun 2021฿1.3t฿425.4b฿54.7b13.5x22.9x2.9x
Sat, 03 Apr 2021฿1.3t฿414.4b฿51.6b13.5x24.4x3x
Tue, 05 Jan 2021฿1.1t฿411.9b฿51.4b13.4x22x2.8x
Fri, 09 Oct 2020฿1.0t฿420.1b฿70.7b12.1x14.6x2.5x
Thu, 02 Jul 2020฿1.1t฿430.9b฿77.5b12.2x14.4x2.6x
Sun, 05 Apr 2020฿958.5b฿443.1b฿89.2b10.8x10.7x2.2x
Wed, 08 Jan 2020฿1.4t฿478.5b฿98.9b13.9x14.1x2.9x
Price to Earnings Ratio

14.9x


Total Market Cap: ฿1.4tTotal Earnings: ฿94.4bTotal Revenue: ฿492.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Real Estate Sector Price to Earnings3Y Average 21.7x202020212022
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 18.7x which is lower than its 3-year average PE of 21.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 9.1% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Real Estate sector?

TH Market0.16%
Real Estate0.41%
REITS0.62%
Real Estate0.34%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 21.8x.
    • Analysts are expecting annual earnings growth of 12.2%, which is lower than the prior year's growth of 18.1% per year.
  • Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 22.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 18% per year.
  • In contrast, the REITS industry is expected to see its earnings grow by 8.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NUSA Nusasiri฿1.2517.9%
+฿2.2b
190.7%PB1.6x
A5 Asset Five Group฿3.7625.3%
+฿919.1m
n/aPB5.2x
SC SC Asset Corporation฿4.084.6%
+฿759.7m
21.4%PB0.8x
LH Land and Houses฿9.350.5%
+฿597.5m
10.0%PB2.3x
SPI Saha Pathana Inter-Holding฿70.001.4%
+฿571.9m
6.1%PB0.9x
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Latest News

A5

฿3.76

Asset Five Group

7D

25.3%

1Y

n/a

SPI

฿70.00

Saha Pathana Inter-Holding

7D

1.4%

1Y

6.1%

NUSA

฿1.25

Nusasiri

7D

17.9%

1Y

190.7%

BLAND

฿1.02

Bangkok Land

7D

2.0%

1Y

-2.9%

SIRI

฿1.47

Sansiri

7D

2.1%

1Y

20.5%

MBK

฿17.90

MBK

7D

-1.6%

1Y

34.6%

WHA

฿3.72

WHA Corporation

7D

-3.6%

1Y

11.4%

NOBLE

฿4.90

Noble Development

7D

6.1%

1Y

-21.0%

LH

฿9.35

Land and Houses

7D

0.5%

1Y

10.0%

CPNREIT

฿18.40

CPN Retail Growth Leasehold REIT

7D

-1.1%

1Y

-10.7%

SC

฿4.08

SC Asset Corporation

7D

4.6%

1Y

21.4%

ASW

฿7.40

Assetwise

7D

-4.5%

1Y

-8.1%

AP

฿10.10

AP (Thailand)

7D

-1.0%

1Y

13.5%