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Thai (SET) IT Industry Analysis
UpdatedJan 30, 2025
DataAggregated Company Financials
Companies23
- 7D3.1%
- 3M-9.0%
- 1Y-20.2%
- YTD-2.0%
The IT industry is up 5.9% in the last week, with Beryl 8 Plus up 13%. However, the industry is down 22% over the past year. 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 |
|---|---|---|---|---|---|---|
| Fri, 31 Jan 2025 | ฿59.8b | ฿60.3b | ฿3.2b | 11.3x | 18.9x | 1x |
| Sun, 29 Dec 2024 | ฿58.3b | ฿60.3b | ฿3.2b | 10.2x | 18.4x | 1x |
| Tue, 26 Nov 2024 | ฿59.9b | ฿60.3b | ฿3.2b | 10.9x | 18.9x | 1x |
| Thu, 24 Oct 2024 | ฿61.0b | ฿59.2b | ฿3.2b | 11.2x | 19.3x | 1x |
| Sat, 21 Sep 2024 | ฿62.5b | ฿59.2b | ฿3.2b | 11.7x | 19.8x | 1.1x |
| Mon, 19 Aug 2024 | ฿51.7b | ฿59.2b | ฿3.2b | 11x | 16.4x | 0.9x |
| Wed, 17 Jul 2024 | ฿55.0b | ฿57.5b | ฿3.0b | 11.2x | 18.5x | 1x |
| Fri, 14 Jun 2024 | ฿106.0b | ฿60.0b | ฿3.1b | 11.9x | 33.9x | 1.8x |
| Sun, 12 May 2024 | ฿107.1b | ฿58.3b | ฿3.4b | 15x | 31.8x | 1.8x |
| Tue, 09 Apr 2024 | ฿106.5b | ฿57.8b | ฿3.3b | 14.3x | 32.1x | 1.8x |
| Thu, 07 Mar 2024 | ฿121.9b | ฿56.3b | ฿3.2b | 13.4x | 38x | 2.2x |
| Sat, 03 Feb 2024 | ฿123.7b | ฿53.7b | ฿3.1b | 12x | 39.5x | 2.3x |
| Mon, 01 Jan 2024 | ฿128.6b | ฿53.7b | ฿3.1b | 12.2x | 41.1x | 2.4x |
| Wed, 29 Nov 2023 | ฿109.1b | ฿53.7b | ฿3.1b | 12.1x | 34.8x | 2x |
| Fri, 27 Oct 2023 | ฿91.7b | ฿51.4b | ฿2.9b | 12.9x | 31.4x | 1.8x |
| Sun, 24 Sep 2023 | ฿102.1b | ฿51.0b | ฿2.8b | 14.1x | 35.9x | 2x |
| Tue, 22 Aug 2023 | ฿98.1b | ฿49.9b | ฿2.8b | 14.1x | 35.2x | 2x |
| Thu, 20 Jul 2023 | ฿93.3b | ฿47.7b | ฿2.8b | 14.6x | 33.8x | 2x |
| Sat, 17 Jun 2023 | ฿91.9b | ฿47.7b | ฿2.8b | 14.6x | 33.3x | 1.9x |
| Mon, 15 May 2023 | ฿93.8b | ฿45.6b | ฿2.5b | 15.4x | 37.9x | 2.1x |
| Wed, 12 Apr 2023 | ฿97.0b | ฿40.3b | ฿2.2b | 16.2x | 43.2x | 2.4x |
| Fri, 10 Mar 2023 | ฿131.9b | ฿46.0b | ฿3.5b | 21.3x | 37.7x | 2.9x |
| Sun, 05 Feb 2023 | ฿147.5b | ฿45.7b | ฿3.9b | 22.1x | 38.2x | 3.2x |
| Tue, 03 Jan 2023 | ฿159.2b | ฿46.8b | ฿4.1b | 21.5x | 38.6x | 3.4x |
| Thu, 01 Dec 2022 | ฿153.0b | ฿46.8b | ฿4.1b | 21.4x | 37.1x | 3.3x |
| Sat, 29 Oct 2022 | ฿172.2b | ฿45.9b | ฿4.0b | 19.7x | 43.2x | 3.7x |
| Mon, 26 Sep 2022 | ฿196.8b | ฿45.6b | ฿3.9b | 17.9x | 50x | 4.3x |
| Wed, 24 Aug 2022 | ฿204.1b | ฿45.6b | ฿3.9b | 18.3x | 51.8x | 4.5x |
| Fri, 22 Jul 2022 | ฿201.4b | ฿44.8b | ฿3.7b | 16.7x | 54.2x | 4.5x |
| Sun, 19 Jun 2022 | ฿232.5b | ฿44.8b | ฿3.7b | 19.5x | 62.6x | 5.2x |
| Tue, 17 May 2022 | ฿385.5b | ฿42.3b | ฿3.2b | 18.9x | 121.7x | 9.1x |
| Thu, 14 Apr 2022 | ฿455.8b | ฿42.7b | ฿3.0b | 25.6x | 152.9x | 10.7x |
| Sat, 12 Mar 2022 | ฿266.0b | ฿42.7b | ฿3.0b | 21.5x | 89.2x | 6.2x |
| Mon, 07 Feb 2022 | ฿230.3b | ฿43.7b | ฿3.1b | 23.6x | 74.5x | 5.3x |
Price to Earnings Ratio
74.5x
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 18.9x which is lower than its 3-year average PE of 44.6x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.00x.
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 | -1.35% | |
| Tech | -7.47% | |
| IT | 3.11% | |
| Internet Services and Infrastructure | 4.94% | |
| IT Consulting | 2.92% | |
| Data Processing Services | 1.23% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 49.9x.
- Analysts are expecting annual earnings growth of 28.8%, 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 | |
|---|---|---|---|---|---|
| BE8 Beryl 8 Plus | ฿15.20 | 12.6% +฿450.0m | -43.7% | PE25.5x | |
| INET Internet Thailand | ฿5.55 | 9.9% +฿298.4m | 17.6% | PE10.7x | |
| GABLE G-Able | ฿2.82 | 6.0% +฿112.0m | -32.9% | PE8.8x | |
| PIS Pro Inside | ฿5.65 | 3.7% +฿108.0m | n/a | n/a | |
| TPS Practical Solution | ฿3.24 | 7.3% +฿91.3m | 8.7% | PE11.5x |