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Thai (SET) Real Estate Industry Analysis

UpdatedFeb 15, 2024
DataAggregated Company Financials
Companies72
  • 7D-0.9%
  • 3M-1.2%
  • 1Y-13.9%
  • YTD-4.1%

The Real Estate industry has stayed flat over the last week. Unfortunately though, the industry is down 14% over the past 12 months. As for the next few years, earnings are expected to grow by 5.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Feb 2024฿947.3b฿471.1b฿69.0b11.6x13.7x2x
Sat, 13 Jan 2024฿965.2b฿472.4b฿69.3b10.4x13.9x2x
Mon, 11 Dec 2023฿952.8b฿473.0b฿69.3b10.3x13.8x2x
Wed, 08 Nov 2023฿946.6b฿471.3b฿67.8b11.3x14x2x
Fri, 06 Oct 2023฿976.8b฿471.5b฿67.6b11.7x14.5x2.1x
Sun, 03 Sep 2023฿1.0t฿471.5b฿67.6b12.4x15.2x2.2x
Tue, 01 Aug 2023฿1.0t฿471.3b฿67.4b11.7x15.1x2.2x
Thu, 29 Jun 2023฿969.6b฿471.3b฿67.4b11.3x14.4x2.1x
Sat, 27 May 2023฿1.0t฿467.6b฿66.1b11.8x15.3x2.2x
Mon, 24 Apr 2023฿1.1t฿459.3b฿64.1b13.8x16.5x2.3x
Wed, 22 Mar 2023฿1.0t฿460.1b฿64.4b13.8x16x2.2x
Fri, 17 Feb 2023฿1.1t฿434.3b฿52.0b13x20.9x2.5x
Sun, 15 Jan 2023฿1.1t฿433.4b฿52.3b13.8x20.3x2.5x
Tue, 13 Dec 2022฿1.1t฿433.4b฿52.3b13.7x20.1x2.4x
Thu, 10 Nov 2022฿1.0t฿416.8b฿39.2b12.6x26.2x2.5x
Sat, 08 Oct 2022฿971.4b฿402.6b฿36.4b12.8x26.7x2.4x
Mon, 05 Sep 2022฿994.0b฿402.6b฿36.4b13.7x27.3x2.5x
Wed, 03 Aug 2022฿974.1b฿388.1b฿27.4b12.3x35.5x2.5x
Fri, 01 Jul 2022฿963.8b฿388.6b฿28.8b11.9x33.5x2.5x
Sun, 29 May 2022฿987.6b฿389.0b฿28.2b12.6x35.1x2.5x
Tue, 26 Apr 2022฿1.0t฿383.2b฿29.5b15.1x34.9x2.7x
Thu, 24 Mar 2022฿990.9b฿383.2b฿29.5b14.5x33.6x2.6x
Sat, 19 Feb 2022฿1.0t฿379.5b฿24.7b15.1x41.6x2.7x
Mon, 17 Jan 2022฿978.8b฿380.2b฿28.0b14.3x35x2.6x
Wed, 15 Dec 2021฿959.1b฿376.9b฿27.5b13.5x34.9x2.5x
Fri, 12 Nov 2021฿969.4b฿388.0b฿38.9b13.8x24.9x2.5x
Sun, 10 Oct 2021฿919.7b฿393.2b฿41.9b12.5x22x2.3x
Tue, 07 Sep 2021฿900.0b฿393.2b฿41.9b12.1x21.5x2.3x
Thu, 05 Aug 2021฿841.3b฿394.6b฿41.2b12.1x20.4x2.1x
Sun, 09 May 2021฿892.6b฿388.9b฿40.3b13.1x22.1x2.3x
Price to Earnings Ratio

21.4x


Total Market Cap: ฿830.2bTotal Earnings: ฿38.8bTotal Revenue: ฿380.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Real Estate Industry Price to Earnings3Y Average 23.1x202220232024
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 13.7x which is lower than its 3-year average PE of 23.1x.
  • 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 21% per year over the last three years.
  • Revenues for these companies have grown 7.4% 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-1.04%
Real Estate-0.88%
Real Estate-0.91%
Real Estate Development-0.49%
Real Estate Services-0.51%
Diversified Real Estate-1.43%
Real Estate Operating Companies-1.49%
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 29.0x.
    • Analysts are expecting annual earnings growth of 8.6%, which is higher than its past year's earnings growth of 6.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 8.6% over the next 5 years.
  • This is better than its past earnings growth rate of 6.6% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings grow by 3.8% 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
CPN Central Pattana฿63.251.2%
+฿3.4b
-13.4%PE20.4x
MBK MBK฿16.501.9%
+฿414.3m
-8.3%PE15.1x
SIRI Sansiri฿1.781.1%
+฿333.8m
-3.3%PE4.8x
SC SC Asset Corporation฿3.361.8%
+฿256.5m
-24.0%PE5.6x
PIN Pinthong Industrial Park฿4.964.6%
+฿255.2m
43.4%PE6.4x
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Latest News

BLAND

฿0.72

Bangkok Land

7D

-2.7%

1Y

-30.8%

GLAND

฿1.65

Grand Canal Land

7D

-1.2%

1Y

-22.9%

SC

฿3.36

SC Asset Corporation

7D

1.8%

1Y

-24.0%

RML

฿0.50

Raimon Land

7D

-13.8%

1Y

-32.4%

ORI

฿8.45

Origin Property

7D

1.2%

1Y

-27.2%

PRI

฿21.30

Primo Service Solutions

7D

2.4%

1Y

-35.0%

BRI

฿8.45

Britania

7D

2.4%

1Y

-27.2%

RABBIT

฿0.46

Rabbit Holdings

7D

-4.2%

1Y

-59.6%

QH

฿2.18

Quality Houses

7D

-1.8%

1Y

-6.8%

PSH

฿12.30

Pruksa Holding

7D

-0.8%

1Y

-6.1%

SIRI

฿1.78

Sansiri

7D

1.1%

1Y

-3.3%

PIN

฿4.96

Pinthong Industrial Park

7D

4.6%

1Y

43.4%

PLAT

฿3.02

Platinum Group

7D

-1.9%

1Y

-16.6%

MBK

฿16.50

MBK

7D

1.9%

1Y

-8.3%

SPALI

฿19.40

Supalai

7D

-1.5%

1Y

-18.8%

CPN

฿63.25

Central Pattana

7D

1.2%

1Y

-13.4%