Thai (SET) REITS Industry Analysis
UpdatedNov 28, 2022
DataAggregated Company Financials
Companies53
- 7D0.6%
- 3M-5.7%
- 1Y-14.2%
- YTD-11.5%
In the last week, REITS has been flat. Unfortunately though, the industry is down 14% over the past 12 months. As for the next few years, earnings are expected to grow by 8.9% per annum.
Industry Valuation and Performance
Has the Thai REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 28 Nov 2022 | ฿307.2b | ฿33.1b | ฿18.6b | 12.4x | 16.5x | 9.3x |
| Wed, 26 Oct 2022 | ฿306.6b | ฿30.9b | ฿16.4b | 12.7x | 18.7x | 9.9x |
| Fri, 23 Sep 2022 | ฿309.2b | ฿30.8b | ฿16.2b | 13.2x | 19.1x | 10x |
| Sun, 21 Aug 2022 | ฿310.3b | ฿30.8b | ฿16.1b | 13.5x | 19.3x | 10.1x |
| Tue, 19 Jul 2022 | ฿302.2b | ฿29.4b | ฿13.8b | 13.6x | 21.9x | 10.3x |
| Thu, 16 Jun 2022 | ฿308.5b | ฿29.3b | ฿13.8b | 14.2x | 22.4x | 10.5x |
| Sat, 14 May 2022 | ฿314.4b | ฿29.2b | ฿13.7b | 14x | 23x | 10.8x |
| Mon, 11 Apr 2022 | ฿323.5b | ฿29.0b | ฿13.8b | 14.5x | 23.4x | 11.2x |
| Wed, 09 Mar 2022 | ฿323.2b | ฿29.0b | ฿13.8b | 14.3x | 23.4x | 11.2x |
| Fri, 04 Feb 2022 | ฿313.6b | ฿29.0b | ฿12.9b | 14.5x | 24.3x | 10.8x |
| Sun, 02 Jan 2022 | ฿334.8b | ฿29.0b | ฿12.8b | 14.5x | 26.1x | 11.5x |
| Tue, 30 Nov 2021 | ฿333.7b | ฿29.0b | ฿12.8b | 14.9x | 26.1x | 11.5x |
| Thu, 28 Oct 2021 | ฿355.1b | ฿30.8b | ฿13.4b | 15.1x | 26.5x | 11.5x |
| Sat, 25 Sep 2021 | ฿346.5b | ฿30.9b | ฿13.5b | 15.2x | 25.6x | 11.2x |
| Mon, 23 Aug 2021 | ฿350.2b | ฿30.9b | ฿13.5b | 15.7x | 25.9x | 11.3x |
| Sat, 10 Jul 2021 | ฿355.3b | ฿30.9b | ฿13.5b | 14.2x | 26.3x | 11.5x |
| Fri, 02 Apr 2021 | ฿338.0b | ฿30.3b | ฿12.3b | 14.3x | 27.4x | 11.2x |
| Mon, 04 Jan 2021 | ฿332.4b | ฿31.3b | ฿12.6b | 15.5x | 26.3x | 10.6x |
| Thu, 08 Oct 2020 | ฿348.3b | ฿33.3b | ฿14.4b | 13.2x | 24.1x | 10.4x |
| Wed, 01 Jul 2020 | ฿372.2b | ฿34.4b | ฿17.3b | 14.3x | 21.5x | 10.8x |
| Sat, 04 Apr 2020 | ฿334.5b | ฿36.8b | ฿21.8b | 12.7x | 15.3x | 9.1x |
| Tue, 07 Jan 2020 | ฿444.0b | ฿37.0b | ฿25.3b | 14.5x | 17.6x | 12x |
Price to Earnings Ratio
17.7x
Current Industry PE
- Investors are pessimistic on the Thai REITs 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 16.5x which is lower than its 3-year average PE of 22.5x.
- The 3-year average PS ratio of 10.8x is higher than the industry's current PS ratio of 9.3x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 9.9% 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 industry?
| TH Market | 0.16% | |
| Real Estate | 0.41% | |
| REITS | 0.62% | |
| Office REITs | 1.15% | |
| Retail REITs | 1.05% | |
| Residential REITs | 0.90% | |
| Industrial REITs | 0.50% | |
| Hotel and Resort REITs | 0.19% | |
| Healthcare REITs | 0% | |
| Specialized REITs | -0.52% | |
| Diversified REITs | -0.61% | |
Industry PE
- Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 70.0x.
- Analysts are expecting annual earnings growth of 21.9%, which is lower than the prior year's growth of 104.2% per year.
- Investors are most pessimistic about the Residential REITs industry, which is trading below its 3-year average of 60.3x.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings growth rate of 6.3% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 5.3% 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 | |
|---|---|---|---|---|---|
| CPNREIT CPN Retail Growth Leasehold REIT | ฿18.60 | 2.2% +฿1.0b | -13.5% | PB1.4x | |
| WHART WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust | ฿10.30 | 1.0% +฿306.5m | -20.2% | PB0.9x | |
| FUTUREPF Future Park Leasehold Property Fund | ฿14.10 | 2.9% +฿211.8m | -4.1% | PB1.2x | |
| GVREIT Golden Ventures Leasehold Real Estate Investment Trust | ฿9.05 | 2.8% +฿203.7m | -12.1% | PB0.8x | |
| CPTGF C.P. Tower Growth Leasehold Property Fund | ฿7.45 | 2.1% +฿145.1m | -17.2% | PB0.7x |