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Thai (SET) IT Industry Analysis

UpdatedFeb 27, 2024
DataAggregated Company Financials
Companies21
  • 7D-2.8%
  • 3M14.2%
  • 1Y9.3%
  • YTD-4.8%

Over the last 7 days, the IT industry has dropped 2.8%, driven by Jasmine Technology Solution declining 2.1%. Over the past 12 months, the industry was up 9.3%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

Has the Thai IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Feb 2024฿127.6b฿54.8b฿3.5b12.4x36.7x2.3x
Fri, 26 Jan 2024฿120.9b฿53.7b฿3.1b12.3x38.6x2.3x
Sun, 24 Dec 2023฿111.7b฿53.7b฿3.1b11.7x35.7x2.1x
Tue, 21 Nov 2023฿109.2b฿53.8b฿3.1b12.3x34.9x2x
Thu, 19 Oct 2023฿96.5b฿51.4b฿2.9b13.7x33.1x1.9x
Sat, 16 Sep 2023฿105.1b฿49.9b฿2.8b13.9x37.7x2.1x
Mon, 14 Aug 2023฿95.7b฿48.2b฿2.6b14.2x36.2x2x
Wed, 12 Jul 2023฿89.0b฿47.7b฿2.8b14.5x32.3x1.9x
Fri, 09 Jun 2023฿93.3b฿47.7b฿2.8b14.7x33.8x2x
Sun, 07 May 2023฿86.5b฿40.3b฿2.2b14.3x38.5x2.1x
Tue, 04 Apr 2023฿101.9b฿40.3b฿2.2b16.5x45.4x2.5x
Thu, 02 Mar 2023฿134.8b฿45.8b฿3.5b21.6x38.8x2.9x
Sat, 28 Jan 2023฿174.9b฿46.8b฿4.1b22.1x42.4x3.7x
Mon, 26 Dec 2022฿154.8b฿46.8b฿4.1b20.9x37.5x3.3x
Wed, 23 Nov 2022฿149.2b฿46.8b฿4.1b21.7x36.2x3.2x
Fri, 21 Oct 2022฿174.0b฿45.6b฿3.9b17.5x44.2x3.8x
Sun, 18 Sep 2022฿203.5b฿45.6b฿3.9b18x51.7x4.5x
Tue, 16 Aug 2022฿202.7b฿45.4b฿4.0b18.4x51x4.5x
Thu, 14 Jul 2022฿203.2b฿44.8b฿3.7b16.3x54.7x4.5x
Sat, 11 Jun 2022฿340.8b฿44.8b฿3.7b20.7x91.8x7.6x
Mon, 09 May 2022฿493.1b฿42.7b฿3.0b23x165.4x11.5x
Wed, 06 Apr 2022฿401.5b฿42.7b฿3.0b25.8x134.7x9.4x
Fri, 04 Mar 2022฿270.1b฿42.8b฿3.0b21.9x90.6x6.3x
Sun, 30 Jan 2022฿195.4b฿43.7b฿3.1b23x63.2x4.5x
Tue, 28 Dec 2021฿170.7b฿43.7b฿3.1b21.8x55.2x3.9x
Thu, 25 Nov 2021฿131.5b฿43.7b฿3.1b21.8x42.5x3x
Sat, 23 Oct 2021฿109.5b฿44.7b฿2.8b24x38.6x2.5x
Mon, 20 Sep 2021฿99.9b฿44.7b฿2.8b20.7x35.2x2.2x
Wed, 18 Aug 2021฿87.3b฿45.0b฿2.4b17.9x36.7x1.9x
Wed, 02 Jun 2021฿55.7b฿41.4b฿1.4b16.9x40.6x1.3x
Sat, 06 Mar 2021฿35.6b฿39.0b฿1.3b14.1x28x0.9x
Price to Earnings Ratio

28x


Total Market Cap: ฿35.6bTotal Earnings: ฿1.3bTotal Revenue: ฿39.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai IT Industry Price to Earnings3Y Average 50.1x202220232024
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 36.7x which is lower than its 3-year average PE of 49.5x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market0.79%
Tech-4.86%
IT-2.79%
Data Processing Services22.44%
Internet Services and Infrastructure-2.06%
IT Consulting-2.82%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 53.6x.
    • Analysts are expecting annual earnings growth of 26.6%, which is lower than the prior year's growth of 56.1% per year.
  • Investors are most pessimistic about the Data Processing Services industry, which is trading below its 3-year average of 34.1x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 27% over the next 5 years.
  • However this is lower than its past earnings growth rate of 56% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings decline by 4.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
JTS Jasmine Technology Solution฿89.759.8%
+฿5.7b
117.6%PE11097.5x
BE8 Beryl 8 Plus฿28.005.7%
+฿397.1m
-48.0%PE28.8x
BBIK Bluebik Group฿101.002.8%
+฿299.4m
-12.2%PE39.5x
GABLE G-Able฿4.508.7%
+฿252.0m
n/aPE12.5x
AIT Advanced Information Technology฿4.363.3%
+฿215.1m
-27.9%PE13.3x
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Latest News

ICN

฿2.78

Information and Communication Networks

7D

-1.4%

1Y

-26.5%

BBIK

฿101.00

Bluebik Group

7D

2.8%

1Y

-12.2%

I2

฿2.28

I2 Enterprise

7D

6.5%

1Y

n/a

PT

฿8.85

Premier Technology

7D

-1.1%

1Y

22.9%

GABLE

฿4.50

G-Able

7D

8.7%

1Y

n/a

MFEC

฿6.85

MFEC

7D

-3.5%

1Y

-13.3%

JTS

฿89.75

Jasmine Technology Solution

7D

9.8%

1Y

117.6%

AIT

฿4.36

Advanced Information Technology

7D

3.3%

1Y

-27.9%

SRS

฿9.95

Sirisoft

7D

-5.2%

1Y

n/a

AMR

฿1.25

AMR Asia

7D

-13.8%

1Y

-65.8%

SKY

฿28.25

Sky ICT

7D

0.9%

1Y

-6.6%

SVOA

฿1.81

SVOA

7D

-2.2%

1Y

-22.6%

BE8

฿28.00

Beryl 8 Plus

7D

5.7%

1Y

-48.0%

VCOM

฿3.24

Vintcom Technology

7D

-3.6%

1Y

-35.2%