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Thai (SET) Real Estate Sector Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies119
  • 7D-2.7%
  • 3M1.3%
  • 1Y6.9%
  • YTD9.5%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by a decline by Central Pattana of 5.3%. Meanwhile, Siamese Asset actually outperformed within the industry, gaining 11% in the last week. This takes the industry's 12 month performance to a gain of 10.0%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 29 Nov 2021฿1.3t฿406.5b฿40.3b14x
Wed, 27 Oct 2021฿1.3t฿424.0b฿55.3b14x
Fri, 24 Sep 2021฿1.3t฿424.1b฿55.4b13.8x
Sun, 22 Aug 2021฿1.2t฿425.4b฿54.7b13.8x
Fri, 09 Jul 2021฿1.3t฿425.4b฿54.7b13.5x
Thu, 01 Apr 2021฿1.3t฿414.4b฿51.6b13.5x
Sun, 03 Jan 2021฿1.1t฿411.9b฿51.4b13.4x
Wed, 07 Oct 2020฿1.0t฿420.1b฿70.7b12.1x
Tue, 30 Jun 2020฿1.1t฿430.9b฿77.5b12.2x
Fri, 03 Apr 2020฿958.5b฿443.1b฿89.2b10.8x
Mon, 06 Jan 2020฿1.4t฿478.5b฿98.9b13.9x
Thu, 10 Oct 2019฿1.5t฿492.4b฿94.4b14.5x
Wed, 03 Jul 2019฿1.6t฿501.4b฿98.2b13.3x
Sat, 06 Apr 2019฿1.5t฿507.2b฿102.7b13.1x
Tue, 08 Jan 2019฿1.4t฿481.3b฿98.3b13x
PE Ratio

13x

Total Market Cap: ฿1.5tTotal Earnings: ฿81.8bTotal Revenue: ฿478.2b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 13.2x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Real Estate industry have declined 21% per year over the last three years, and revenues have also declined 5.3% per year. This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Thai Real Estate sector?

REITS-0.86%
Real Estate-3.42%

Industry PE: Investors are most optimistic about the REITS industry, which is trading close to its 3-year average PE ratio of 14.3x. This is likely because analysts are expecting annual earnings growth of 30%, which is higher than its past year's earnings decline of 11% per year. Meanwhile, investors are most pessimistic about the Real Estate industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 11.1x.

Forecasted Growth: Analysts are most optimistic on the REITS industry, expecting annual earnings growth of 30% over the next 5 years. This is better than its past earnings decline of 11% per year. Meanwhile, the Real Estate industry is expected to see its earnings grow by 18% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
SA Siamese Asset11.3%+฿1.4bn/aPB3.9x
U U City5.8%+฿617.5m50.7%PS7x
QHPF Quality Houses Leasehold Property Fund4.8%+฿398.5m14.0%PB0.9x
NVD Nirvana Daii5.5%+฿193.3m22.9%PB0.8x
ARIN Arinsiri Land15.8%+฿180.0m158.8%PB3.1x
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U

฿2.02

U City

7D

5.8%

1Y

50.7%

SPALI

฿21.90

Supalai

7D

-3.5%

1Y

17.1%