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Thai (SET) IT Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies22
- 7D1.1%
- 3M9.1%
- 1Y-15.7%
- YTD-16.6%
The IT industry is up 1.4% in the last week, with Internet Thailand up 52%. In the same time, Beryl 8 Plus was down 14%. In contrast, the industry has lost 17% in the last 12 months. Earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ฿61.0b | ฿59.5b | ฿3.1b | 12.3x | 19.8x | 1x |
| Sat, 19 Oct 2024 | ฿61.0b | ฿59.2b | ฿3.2b | 11.2x | 19.3x | 1x |
| Mon, 16 Sep 2024 | ฿61.4b | ฿59.2b | ฿3.2b | 11.6x | 19.4x | 1x |
| Wed, 14 Aug 2024 | ฿50.1b | ฿58.2b | ฿3.0b | 10.3x | 16.9x | 0.9x |
| Fri, 12 Jul 2024 | ฿57.8b | ฿57.5b | ฿3.0b | 11.4x | 19.4x | 1x |
| Sun, 09 Jun 2024 | ฿111.1b | ฿60.4b | ฿3.2b | 12.2x | 35x | 1.8x |
| Tue, 07 May 2024 | ฿104.5b | ฿58.4b | ฿3.3b | 14.5x | 31.2x | 1.8x |
| Thu, 04 Apr 2024 | ฿106.1b | ฿57.8b | ฿3.3b | 14x | 32x | 1.8x |
| Sat, 02 Mar 2024 | ฿126.4b | ฿56.2b | ฿3.2b | 12.1x | 38.9x | 2.2x |
| Mon, 29 Jan 2024 | ฿120.2b | ฿53.7b | ฿3.1b | 12.4x | 38.4x | 2.2x |
| Wed, 27 Dec 2023 | ฿118.2b | ฿53.7b | ฿3.1b | 12.3x | 37.8x | 2.2x |
| Fri, 24 Nov 2023 | ฿113.1b | ฿53.7b | ฿3.1b | 12.5x | 36.1x | 2.1x |
| Sun, 22 Oct 2023 | ฿94.3b | ฿51.4b | ฿2.9b | 13.2x | 32.3x | 1.8x |
| Tue, 19 Sep 2023 | ฿103.6b | ฿49.9b | ฿2.8b | 13.9x | 37.2x | 2.1x |
| Thu, 17 Aug 2023 | ฿95.3b | ฿49.4b | ฿2.7b | 13.9x | 34.7x | 1.9x |
| Sat, 15 Jul 2023 | ฿91.2b | ฿47.7b | ฿2.8b | 14.4x | 33.1x | 1.9x |
| Mon, 12 Jun 2023 | ฿95.2b | ฿47.7b | ฿2.8b | 14.7x | 34.5x | 2x |
| Wed, 10 May 2023 | ฿90.8b | ฿44.9b | ฿2.4b | 15.1x | 37.2x | 2x |
| Fri, 07 Apr 2023 | ฿99.1b | ฿40.3b | ฿2.2b | 16.1x | 44.1x | 2.5x |
| Sun, 05 Mar 2023 | ฿133.1b | ฿45.8b | ฿3.5b | 21.2x | 38.4x | 2.9x |
| Tue, 31 Jan 2023 | ฿172.9b | ฿46.8b | ฿4.1b | 22.8x | 41.9x | 3.7x |
| Thu, 29 Dec 2022 | ฿153.0b | ฿46.8b | ฿4.1b | 21.4x | 37.1x | 3.3x |
| Sat, 26 Nov 2022 | ฿155.6b | ฿46.8b | ฿4.1b | 21.4x | 37.7x | 3.3x |
| Mon, 24 Oct 2022 | ฿174.4b | ฿45.6b | ฿3.9b | 17.5x | 44.3x | 3.8x |
| Wed, 21 Sep 2022 | ฿198.5b | ฿45.6b | ฿3.9b | 18.1x | 50.4x | 4.4x |
| Fri, 19 Aug 2022 | ฿202.4b | ฿45.6b | ฿4.0b | 18x | 51x | 4.4x |
| Sun, 17 Jul 2022 | ฿196.1b | ฿44.8b | ฿3.7b | 16.3x | 52.8x | 4.4x |
| Tue, 14 Jun 2022 | ฿324.2b | ฿44.8b | ฿3.7b | 19.9x | 87.3x | 7.2x |
| Thu, 12 May 2022 | ฿466.9b | ฿42.7b | ฿3.0b | 22.9x | 156.7x | 10.9x |
| Sat, 09 Apr 2022 | ฿420.9b | ฿42.7b | ฿3.0b | 25.6x | 141.2x | 9.9x |
| Mon, 07 Mar 2022 | ฿269.7b | ฿42.7b | ฿3.0b | 22.1x | 90.5x | 6.3x |
| Wed, 02 Feb 2022 | ฿212.0b | ฿43.7b | ฿3.1b | 24.2x | 68.6x | 4.8x |
| Fri, 31 Dec 2021 | ฿176.2b | ฿43.7b | ฿3.1b | 21.9x | 57x | 4x |
| Sun, 28 Nov 2021 | ฿131.7b | ฿43.7b | ฿3.1b | 22.1x | 42.6x | 3x |
Price to Earnings Ratio
42.6x
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 19.2x which is lower than its 3-year average PE of 46.9x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 1.0x.
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 | 0.77% | |
| Tech | 6.87% | |
| IT | 1.10% | |
| Internet Services and Infrastructure | 29.85% | |
| IT Consulting | -1.56% | |
| Data Processing Services | -7.15% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 52.9x.
- Analysts are expecting annual earnings growth of 25.5%, which is higher than its past year's earnings decline of 7.9% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 7.9% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| INET Internet Thailand | ฿6.90 | 6.2% +฿201.4m | 70.0% | PE11.3x | |
| SPREME Supreme Distribution | ฿1.85 | 10.8% +฿133.2m | n/a | PE9x | |
| PT Premier Technology | ฿9.75 | 3.2% +฿85.2m | 21.9% | PE9.2x | |
| AIT Advanced Information Technology | ฿4.40 | 0.9% +฿61.5m | 7.8% | PE11.6x | |
| MFEC MFEC | ฿6.20 | 1.6% +฿44.1m | -2.4% | PE14x |