Thai (SET) IT Industry Analysis
UpdatedJan 27, 2023
DataAggregated Company Financials
Companies20
- 7D4.0%
- 3M-1.1%
- 1Y-30.3%
- YTD5.5%
Over the last 7 days, the IT industry has risen 4.0%, driven by gains from Ditto (Thailand) of 21%. In the same time, Jasmine Technology Solution was down 7.5%. In the past year, the industry is down 30%. As for the next few years, earnings are expected to grow by 30% per annum.
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, 27 Jan 2023 | ฿173.8b | ฿46.8b | ฿4.1b | 22.2x | 42.1x | 3.7x |
| Sun, 25 Dec 2022 | ฿154.8b | ฿46.8b | ฿4.1b | 20.9x | 37.5x | 3.3x |
| Tue, 22 Nov 2022 | ฿151.2b | ฿46.8b | ฿4.1b | 21.7x | 36.6x | 3.2x |
| Thu, 20 Oct 2022 | ฿178.0b | ฿45.6b | ฿3.9b | 17.4x | 45.2x | 3.9x |
| Sat, 17 Sep 2022 | ฿203.5b | ฿45.6b | ฿3.9b | 18x | 51.7x | 4.5x |
| Mon, 15 Aug 2022 | ฿202.6b | ฿45.4b | ฿4.0b | 17.9x | 50.3x | 4.5x |
| Wed, 13 Jul 2022 | ฿203.6b | ฿44.8b | ฿3.7b | 16.3x | 54.8x | 4.5x |
| Fri, 10 Jun 2022 | ฿344.1b | ฿44.8b | ฿3.7b | 20.6x | 92.7x | 7.7x |
| Sun, 08 May 2022 | ฿493.1b | ฿42.7b | ฿3.0b | 23x | 165.4x | 11.5x |
| Tue, 05 Apr 2022 | ฿390.6b | ฿42.7b | ฿3.0b | 26.5x | 131x | 9.1x |
| Thu, 03 Mar 2022 | ฿265.2b | ฿43.4b | ฿3.0b | 23x | 87.6x | 6.1x |
| Sat, 29 Jan 2022 | ฿195.4b | ฿43.7b | ฿3.1b | 23x | 63.2x | 4.5x |
| Mon, 27 Dec 2021 | ฿169.6b | ฿43.7b | ฿3.1b | 21.3x | 54.9x | 3.9x |
| Wed, 24 Nov 2021 | ฿131.5b | ฿43.7b | ฿3.1b | 21.8x | 42.5x | 3x |
| Fri, 22 Oct 2021 | ฿109.5b | ฿44.7b | ฿2.8b | 24x | 38.6x | 2.5x |
| Sun, 19 Sep 2021 | ฿99.9b | ฿44.7b | ฿2.8b | 20.7x | 35.2x | 2.2x |
| Tue, 17 Aug 2021 | ฿86.8b | ฿45.0b | ฿2.4b | 17.8x | 36.4x | 1.9x |
| Tue, 01 Jun 2021 | ฿55.7b | ฿41.4b | ฿1.4b | 16.9x | 40.6x | 1.3x |
| Fri, 05 Mar 2021 | ฿35.6b | ฿39.0b | ฿1.3b | 14.1x | 28x | 0.9x |
| Mon, 07 Dec 2020 | ฿33.8b | ฿37.3b | ฿1.0b | 13.6x | 33.3x | 0.9x |
| Thu, 10 Sep 2020 | ฿32.0b | ฿37.1b | ฿1.1b | 12.7x | 29.4x | 0.9x |
| Wed, 03 Jun 2020 | ฿28.1b | ฿36.9b | ฿1.8b | 10.4x | 16x | 0.8x |
| Sat, 07 Mar 2020 | ฿26.1b | ฿37.0b | ฿1.9b | 9.4x | 13.7x | 0.7x |
Price to Earnings Ratio
14x
Current Industry PE
- Investors are relatively neutral on the Thai IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 45.0x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 8.2% 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 Tech industry?
| TH Market | -0.97% | |
| Tech | 1.66% | |
| IT | 3.96% | |
| Data Processing Services | 12.10% | |
| IT Consulting | -0.19% | |
| Internet Services and Infrastructure | -2.57% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 44.9x.
- Analysts are expecting annual earnings growth of 44.6%, which is higher than its past year's earnings growth of 13.8% per year.
- Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.2x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Data Processing Services industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| DITTO Ditto (Thailand) | ฿58.50 | 20.6% +฿5.3b | 153.0% | PE117x | |
| FSMART Forth Smart Service | ฿16.80 | 17.5% +฿1.9b | 55.6% | PE38.5x | |
| SKY Sky ICT | ฿20.80 | 14.9% +฿1.7b | 87.4% | PE96.2x | |
| BBIK Bluebik Group | ฿133.00 | 5.1% +฿650.0m | 118.0% | PE113.1x | |
| BE8 Beryl 8 Plus | ฿64.00 | 4.1% +฿601.6m | 74.1% | PE138.9x |