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Thai (SET) IT Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies22
- 7D3.4%
- 3M-4.0%
- 1Y-17.4%
- YTD-20.3%
The IT industry is up 3.4% in the last week, with Sky ICT up 8.7%. In contrast, the industry has lost 17% in the last 12 months. Looking forward, earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Thai IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Dec 2024 | ฿58.3b | ฿60.3b | ฿3.2b | 10.2x | 18.4x | 1x |
| Wed, 27 Nov 2024 | ฿59.4b | ฿60.3b | ฿3.2b | 10.3x | 18.7x | 1x |
| Fri, 25 Oct 2024 | ฿61.1b | ฿59.2b | ฿3.2b | 11.2x | 19.3x | 1x |
| Sun, 22 Sep 2024 | ฿62.5b | ฿59.2b | ฿3.2b | 11.7x | 19.8x | 1.1x |
| Tue, 20 Aug 2024 | ฿53.0b | ฿59.2b | ฿3.2b | 11x | 16.8x | 0.9x |
| Thu, 18 Jul 2024 | ฿54.3b | ฿57.5b | ฿3.0b | 11.2x | 18.2x | 0.9x |
| Sat, 15 Jun 2024 | ฿102.9b | ฿60.0b | ฿3.1b | 11.9x | 33x | 1.7x |
| Mon, 13 May 2024 | ฿107.1b | ฿58.3b | ฿3.3b | 15x | 32x | 1.8x |
| Wed, 10 Apr 2024 | ฿110.5b | ฿57.8b | ฿3.3b | 14.2x | 33.3x | 1.9x |
| Fri, 08 Mar 2024 | ฿121.9b | ฿57.8b | ฿3.3b | 14.2x | 36.6x | 2.1x |
| Sun, 04 Feb 2024 | ฿123.7b | ฿53.7b | ฿3.1b | 12x | 39.5x | 2.3x |
| Tue, 02 Jan 2024 | ฿128.6b | ฿53.7b | ฿3.1b | 12.2x | 41.1x | 2.4x |
| Thu, 30 Nov 2023 | ฿108.3b | ฿53.7b | ฿3.1b | 12.1x | 34.6x | 2x |
| Sat, 28 Oct 2023 | ฿91.7b | ฿51.4b | ฿2.9b | 12.7x | 31.4x | 1.8x |
| Mon, 25 Sep 2023 | ฿102.1b | ฿51.0b | ฿2.8b | 14.1x | 35.9x | 2x |
| Wed, 23 Aug 2023 | ฿99.1b | ฿49.9b | ฿2.8b | 14.2x | 35.6x | 2x |
| Fri, 21 Jul 2023 | ฿93.2b | ฿47.7b | ฿2.8b | 14.7x | 33.8x | 2x |
| Sun, 18 Jun 2023 | ฿91.9b | ฿47.7b | ฿2.8b | 14.6x | 33.3x | 1.9x |
| Tue, 16 May 2023 | ฿91.5b | ฿45.6b | ฿2.5b | 15.1x | 37x | 2x |
| Thu, 13 Apr 2023 | ฿95.9b | ฿40.3b | ฿2.2b | 16.2x | 42.7x | 2.4x |
| Sat, 11 Mar 2023 | ฿131.3b | ฿47.5b | ฿3.9b | 20.9x | 34.1x | 2.8x |
| Mon, 06 Feb 2023 | ฿147.5b | ฿45.7b | ฿3.9b | 22.1x | 38.2x | 3.2x |
| Wed, 04 Jan 2023 | ฿162.8b | ฿46.8b | ฿4.1b | 21.5x | 39.5x | 3.5x |
| Fri, 02 Dec 2022 | ฿154.0b | ฿46.8b | ฿4.1b | 21.6x | 37.3x | 3.3x |
| Sun, 30 Oct 2022 | ฿172.2b | ฿45.9b | ฿4.0b | 19.7x | 43.2x | 3.7x |
| Tue, 27 Sep 2022 | ฿193.5b | ฿45.6b | ฿3.9b | 17.8x | 49.1x | 4.2x |
| Thu, 25 Aug 2022 | ฿203.4b | ฿45.6b | ฿3.9b | 18.6x | 51.6x | 4.5x |
| Sat, 23 Jul 2022 | ฿201.4b | ฿44.8b | ฿3.7b | 16.7x | 54.2x | 4.5x |
| Mon, 20 Jun 2022 | ฿232.5b | ฿44.8b | ฿3.7b | 19.5x | 62.6x | 5.2x |
| Wed, 18 May 2022 | ฿387.9b | ฿42.3b | ฿3.2b | 20.3x | 122.4x | 9.2x |
| Fri, 15 Apr 2022 | ฿455.8b | ฿42.7b | ฿3.0b | 25.6x | 152.9x | 10.7x |
| Sun, 13 Mar 2022 | ฿266.0b | ฿42.7b | ฿3.0b | 21.5x | 89.2x | 6.2x |
| Tue, 08 Feb 2022 | ฿232.1b | ฿43.7b | ฿3.1b | 23.3x | 75.1x | 5.3x |
| Thu, 06 Jan 2022 | ฿173.3b | ฿43.7b | ฿3.1b | 22.7x | 56x | 4x |
Price to Earnings Ratio
56x
Current Industry PE
- Investors are pessimistic on the Thai IT 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 18.4x which is lower than its 3-year average PE of 45.8x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 0.97x.
Past Earnings Growth
- The earnings for companies in the IT industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 11% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Thai Tech industry?
| TH Market | 2.65% | |
| Tech | 2.08% | |
| IT | 3.43% | |
| IT Consulting | 3.76% | |
| Data Processing Services | 2.03% | |
| Internet Services and Infrastructure | 0.31% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 51.5x.
- Analysts are expecting annual earnings growth of 29.0%, which is higher than its past year's earnings growth of 1.3% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 1.3% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| SKY Sky ICT | ฿26.50 | 11.3% +฿1.9b | 1.0% | PE34.2x | |
| BE8 Beryl 8 Plus | ฿12.00 | 3.4% +฿105.9m | -59.3% | PE20.1x | |
| MFEC MFEC | ฿6.10 | 3.4% +฿88.3m | -8.3% | PE13.7x | |
| NAT NAT Absolute Technologies | ฿4.48 | 3.2% +฿45.9m | n/a | PE8.6x | |
| GABLE G-Able | ฿3.02 | 1.3% +฿28.0m | -31.1% | PE9.4x |