Thai (SET) Real Estate Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies73
- 7D-2.7%
- 3M-12.0%
- 1Y-20.5%
- YTD-17.8%
Over the last 7 days, the Real Estate industry has dropped 2.7%, driven by a pullback from Central Pattana of 1.3%. Overall the industry is down 20% in 12 months. Earnings are forecast to grow by 7.4% annually.
Industry Valuation and Performance
Has the Thai Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ฿816.3b | ฿469.4b | ฿64.1b | 10.9x | 12.7x | 1.7x |
| Sun, 23 Jun 2024 | ฿833.3b | ฿469.4b | ฿64.1b | 11.7x | 13x | 1.8x |
| Tue, 21 May 2024 | ฿912.5b | ฿469.7b | ฿64.2b | 13x | 14.2x | 1.9x |
| Thu, 18 Apr 2024 | ฿932.7b | ฿467.7b | ฿64.9b | 12.9x | 14.4x | 2x |
| Sat, 16 Mar 2024 | ฿938.7b | ฿467.7b | ฿64.9b | 12.8x | 14.5x | 2x |
| Mon, 12 Feb 2024 | ฿949.0b | ฿471.6b | ฿69.2b | 11.2x | 13.7x | 2x |
| Wed, 10 Jan 2024 | ฿973.5b | ฿472.4b | ฿69.3b | 10.5x | 14.1x | 2.1x |
| Fri, 08 Dec 2023 | ฿956.0b | ฿473.0b | ฿69.3b | 10.3x | 13.8x | 2x |
| Sun, 05 Nov 2023 | ฿950.2b | ฿470.9b | ฿67.7b | 11.7x | 14x | 2x |
| Tue, 03 Oct 2023 | ฿976.8b | ฿471.5b | ฿67.6b | 11.7x | 14.5x | 2.1x |
| Thu, 31 Aug 2023 | ฿1.0t | ฿471.5b | ฿67.6b | 13.1x | 15.4x | 2.2x |
| Sat, 29 Jul 2023 | ฿1.0t | ฿471.3b | ฿67.4b | 11.8x | 15x | 2.1x |
| Mon, 26 Jun 2023 | ฿977.0b | ฿471.3b | ฿67.4b | 11.5x | 14.5x | 2.1x |
| Wed, 24 May 2023 | ฿1.0t | ฿466.0b | ฿66.0b | 12x | 15.4x | 2.2x |
| Fri, 21 Apr 2023 | ฿1.1t | ฿459.3b | ฿64.1b | 13.8x | 16.5x | 2.3x |
| Sun, 19 Mar 2023 | ฿1.0t | ฿460.1b | ฿64.4b | 13.8x | 16.1x | 2.3x |
| Tue, 14 Feb 2023 | ฿1.1t | ฿434.3b | ฿52.0b | 13.3x | 21.1x | 2.5x |
| Thu, 12 Jan 2023 | ฿1.1t | ฿433.4b | ฿52.3b | 13.8x | 20.4x | 2.5x |
| Sat, 10 Dec 2022 | ฿1.1t | ฿433.4b | ฿52.3b | 13.7x | 20.1x | 2.4x |
| Mon, 07 Nov 2022 | ฿1.0t | ฿405.5b | ฿36.6b | 12.6x | 27.7x | 2.5x |
| Wed, 05 Oct 2022 | ฿965.4b | ฿402.6b | ฿36.4b | 12.9x | 26.5x | 2.4x |
| Fri, 02 Sep 2022 | ฿990.0b | ฿402.6b | ฿36.4b | 13.7x | 27.2x | 2.5x |
| Sun, 31 Jul 2022 | ฿958.4b | ฿388.1b | ฿27.4b | 12.2x | 34.9x | 2.5x |
| Tue, 28 Jun 2022 | ฿962.5b | ฿388.6b | ฿28.8b | 12.3x | 33.4x | 2.5x |
| Thu, 26 May 2022 | ฿982.4b | ฿388.5b | ฿28.1b | 12.5x | 34.9x | 2.5x |
| Sat, 23 Apr 2022 | ฿1.0t | ฿383.2b | ฿29.5b | 15.2x | 35x | 2.7x |
| Mon, 21 Mar 2022 | ฿1.0t | ฿383.2b | ฿29.5b | 14.2x | 33.9x | 2.6x |
| Wed, 16 Feb 2022 | ฿1.0t | ฿385.2b | ฿45.3b | 14.7x | 22.5x | 2.6x |
| Fri, 14 Jan 2022 | ฿977.7b | ฿380.2b | ฿28.0b | 14.4x | 34.9x | 2.6x |
| Sun, 12 Dec 2021 | ฿950.4b | ฿376.9b | ฿27.5b | 13.7x | 34.6x | 2.5x |
| Tue, 09 Nov 2021 | ฿957.8b | ฿392.3b | ฿41.5b | 12.7x | 23.1x | 2.4x |
| Thu, 07 Oct 2021 | ฿913.1b | ฿393.2b | ฿41.9b | 12.1x | 21.8x | 2.3x |
| Sat, 04 Sep 2021 | ฿903.8b | ฿394.6b | ฿41.2b | 12.3x | 21.9x | 2.3x |
| Mon, 02 Aug 2021 | ฿835.5b | ฿394.6b | ฿41.2b | 11.9x | 20.3x | 2.1x |
Price to Earnings Ratio
20.3x
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 12.7x which is lower than its 3-year average PE of 21.9x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 6.0% 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 industry?
| TH Market | -2.56% | |
| Real Estate | -2.27% | |
| Real Estate | -2.68% | |
| Real Estate Services | -2.14% | |
| Real Estate Operating Companies | -2.29% | |
| Diversified Real Estate | -2.37% | |
| Real Estate Development | -2.98% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 27.5x.
- Analysts are expecting annual earnings growth of 6.4%, which is lower than the prior year's growth of 26.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 8.0% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 6.4% 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 | |
|---|---|---|---|---|---|
| FPT Frasers Property (Thailand) | ฿14.50 | 2.8% +฿927.7m | -1.4% | PE19.8x | |
| SPI Saha Pathana Inter-Holding | ฿63.00 | 2.4% +฿857.9m | -9.0% | PE13.8x | |
| WHA WHA Corporation | ฿5.15 | 1.0% +฿747.3m | 4.3% | PE14.6x | |
| AMATA Amata Corporation | ฿23.00 | 1.8% +฿460.0m | -4.2% | PE14.2x | |
| GLAND Grand Canal Land | ฿1.60 | 2.6% +฿260.0m | -23.8% | PE24.7x |