Thai (SET) Real Estate Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies73
- 7D-0.9%
- 3M-3.1%
- 1Y-13.3%
- YTD-6.9%
Over the last 7 days, the Real Estate industry has dropped 3.1%, driven by Central Pattana declining 2.0%. On the other hand Pinthong Industrial Park is actually up 6.8%. The industry has fallen 15% in the last year. Earnings are forecast to grow by 6.7% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | ฿924.7b | ฿467.7b | ฿64.9b | 12.8x | 14.2x | 2x |
| Sat, 23 Mar 2024 | ฿939.4b | ฿467.7b | ฿64.9b | 13.3x | 14.5x | 2x |
| Mon, 19 Feb 2024 | ฿943.5b | ฿470.9b | ฿67.4b | 11.5x | 14x | 2x |
| Wed, 17 Jan 2024 | ฿957.8b | ฿472.4b | ฿69.3b | 10.3x | 13.8x | 2x |
| Fri, 15 Dec 2023 | ฿944.7b | ฿473.0b | ฿69.3b | 10.2x | 13.6x | 2x |
| Sun, 12 Nov 2023 | ฿942.2b | ฿474.0b | ฿68.1b | 12.2x | 13.8x | 2x |
| Tue, 10 Oct 2023 | ฿960.9b | ฿471.5b | ฿67.6b | 11.5x | 14.2x | 2x |
| Thu, 07 Sep 2023 | ฿1.0t | ฿471.5b | ฿67.6b | 12.7x | 15.2x | 2.2x |
| Sat, 05 Aug 2023 | ฿1.0t | ฿471.4b | ฿67.0b | 11.8x | 15x | 2.1x |
| Mon, 03 Jul 2023 | ฿991.2b | ฿471.3b | ฿67.4b | 11.4x | 14.7x | 2.1x |
| Wed, 31 May 2023 | ฿1.0t | ฿468.2b | ฿67.5b | 11.8x | 15x | 2.2x |
| Fri, 28 Apr 2023 | ฿1.0t | ฿459.3b | ฿64.1b | 13.5x | 16.4x | 2.3x |
| Sun, 26 Mar 2023 | ฿1.0t | ฿460.1b | ฿64.4b | 13.8x | 16.2x | 2.3x |
| Tue, 21 Feb 2023 | ฿1.1t | ฿434.3b | ฿59.2b | 12.9x | 18.4x | 2.5x |
| Thu, 19 Jan 2023 | ฿1.1t | ฿433.4b | ฿52.3b | 13.7x | 20.2x | 2.4x |
| Sat, 17 Dec 2022 | ฿1.1t | ฿433.4b | ฿52.3b | 13.8x | 20.2x | 2.4x |
| Mon, 14 Nov 2022 | ฿1.0t | ฿420.5b | ฿43.0b | 12.5x | 24x | 2.5x |
| Wed, 12 Oct 2022 | ฿950.2b | ฿402.6b | ฿36.4b | 12.4x | 26.1x | 2.4x |
| Fri, 09 Sep 2022 | ฿994.3b | ฿402.6b | ฿36.4b | 13.7x | 27.3x | 2.5x |
| Sun, 07 Aug 2022 | ฿971.2b | ฿388.1b | ฿28.0b | 12.5x | 34.6x | 2.5x |
| Tue, 05 Jul 2022 | ฿939.3b | ฿386.9b | ฿27.4b | 12.2x | 34.3x | 2.4x |
| Thu, 02 Jun 2022 | ฿1.0t | ฿388.6b | ฿28.8b | 13x | 35.1x | 2.6x |
| Sat, 30 Apr 2022 | ฿1.0t | ฿383.2b | ฿29.5b | 15.2x | 34.7x | 2.7x |
| Mon, 28 Mar 2022 | ฿987.3b | ฿383.2b | ฿29.5b | 15.1x | 33.5x | 2.6x |
| Wed, 23 Feb 2022 | ฿1.0t | ฿383.3b | ฿24.8b | 16x | 40.8x | 2.6x |
| Fri, 21 Jan 2022 | ฿978.3b | ฿380.2b | ฿28.0b | 14.4x | 34.9x | 2.6x |
| Sun, 19 Dec 2021 | ฿962.8b | ฿376.9b | ฿27.5b | 13.6x | 35x | 2.6x |
| Tue, 16 Nov 2021 | ฿959.0b | ฿381.4b | ฿37.0b | 14.1x | 25.9x | 2.5x |
| Thu, 14 Oct 2021 | ฿926.5b | ฿393.2b | ฿41.9b | 12.1x | 22.1x | 2.4x |
| Sat, 11 Sep 2021 | ฿908.0b | ฿393.2b | ฿41.9b | 12.1x | 21.7x | 2.3x |
| Mon, 09 Aug 2021 | ฿845.3b | ฿394.6b | ฿41.2b | 12x | 20.5x | 2.1x |
| Sun, 02 May 2021 | ฿892.6b | ฿388.9b | ฿40.3b | 13.1x | 22.1x | 2.3x |
Price to Earnings Ratio
22.1x
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 14.2x which is lower than its 3-year average PE of 22.6x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 6.3% 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 | -0.42% | |
| Real Estate | -0.79% | |
| Real Estate | -0.89% | |
| Diversified Real Estate | -0.32% | |
| Real Estate Operating Companies | -0.37% | |
| Real Estate Services | -0.52% | |
| Real Estate Development | -1.28% | |
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 28.4x.
- Analysts are expecting annual earnings growth of 7.1%, which is higher than its past year's earnings decline of 4.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 7.1% over the next 5 years.
- This is better than its past earnings decline of 4.8% per year.
- In contrast, the Real Estate Development 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 | |
|---|---|---|---|---|---|
| WHA WHA Corporation | ฿4.86 | 1.3% +฿896.8m | 10.0% | PE16.4x | |
| PIN Pinthong Industrial Park | ฿6.95 | 6.9% +฿522.0m | 95.2% | PE6x | |
| FPT Frasers Property (Thailand) | ฿14.90 | 0.7% +฿231.9m | -0.7% | PE18.6x | |
| TITLE Rhom Bho Property | ฿4.08 | -1.0% ฿216.6m | 90.7% | PE143.7x | |
| AMATAV Amata VN | ฿5.75 | 3.6% +฿187.0m | -10.9% | PE13.3x |