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Thai (SET) IT Industry Analysis
UpdatedMar 17, 2025
DataAggregated Company Financials
Companies23
- 7D-4.0%
- 3M-14.4%
- 1Y-30.4%
- YTD-11.3%
Over the last 7 days, the IT industry has dropped 4.0%, driven by pullbacks in Bluebik Group and Sky ICT of 11% and 4.6%, respectively. Meanwhile, Premier Technology actually outperformed within the industry, gaining 5.8% in the last week. The industry has fallen 30% in the last year. Earnings are forecast to grow by 21% 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, 17 Mar 2025 | ฿54.2b | ฿63.2b | ฿3.7b | 9.6x | 14.7x | 0.9x |
| Wed, 12 Feb 2025 | ฿57.9b | ฿60.3b | ฿3.2b | 10.8x | 18.3x | 1x |
| Fri, 10 Jan 2025 | ฿54.9b | ฿60.3b | ฿3.2b | 10x | 17.3x | 0.9x |
| Sun, 08 Dec 2024 | ฿61.0b | ฿60.3b | ฿3.2b | 10.4x | 19.3x | 1x |
| Tue, 05 Nov 2024 | ฿60.9b | ฿59.2b | ฿3.2b | 11.2x | 19.3x | 1x |
| Thu, 03 Oct 2024 | ฿62.3b | ฿59.2b | ฿3.2b | 11.8x | 19.7x | 1.1x |
| Sat, 31 Aug 2024 | ฿58.1b | ฿59.2b | ฿3.2b | 11.2x | 18.4x | 1x |
| Mon, 29 Jul 2024 | ฿50.7b | ฿57.5b | ฿3.0b | 11.1x | 17x | 0.9x |
| Wed, 26 Jun 2024 | ฿100.9b | ฿60.0b | ฿3.1b | 11.9x | 32.3x | 1.7x |
| Fri, 24 May 2024 | ฿112.7b | ฿58.2b | ฿3.0b | 14.2x | 37.2x | 1.9x |
| Sun, 21 Apr 2024 | ฿102.3b | ฿57.8b | ฿3.3b | 13.3x | 30.8x | 1.8x |
| Tue, 19 Mar 2024 | ฿118.1b | ฿57.8b | ฿3.3b | 14x | 35.5x | 2x |
| Thu, 15 Feb 2024 | ฿135.1b | ฿53.7b | ฿3.1b | 12.1x | 43.1x | 2.5x |
| Sat, 13 Jan 2024 | ฿126.5b | ฿53.7b | ฿3.1b | 12.6x | 40.4x | 2.4x |
| Mon, 11 Dec 2023 | ฿107.5b | ฿53.7b | ฿3.1b | 11.9x | 34.3x | 2x |
| Wed, 08 Nov 2023 | ฿97.5b | ฿51.4b | ฿2.9b | 12.5x | 33.4x | 1.9x |
| Fri, 06 Oct 2023 | ฿98.9b | ฿51.0b | ฿2.8b | 13.9x | 34.8x | 1.9x |
| Sun, 03 Sep 2023 | ฿105.8b | ฿49.9b | ฿2.8b | 14.6x | 38x | 2.1x |
| Tue, 01 Aug 2023 | ฿96.5b | ฿47.7b | ฿2.8b | 14.8x | 35x | 2x |
| Thu, 29 Jun 2023 | ฿89.5b | ฿47.7b | ฿2.8b | 14.1x | 32.4x | 1.9x |
| Sat, 27 May 2023 | ฿90.9b | ฿47.7b | ฿2.8b | 15x | 33x | 1.9x |
| Mon, 24 Apr 2023 | ฿88.2b | ฿40.3b | ฿2.2b | 15.8x | 39.3x | 2.2x |
| Wed, 22 Mar 2023 | ฿103.8b | ฿40.3b | ฿2.2b | 16.4x | 46.2x | 2.6x |
| Fri, 17 Feb 2023 | ฿134.2b | ฿45.7b | ฿3.9b | 21x | 34.7x | 2.9x |
| Sun, 15 Jan 2023 | ฿163.7b | ฿46.8b | ฿4.1b | 22x | 39.7x | 3.5x |
| Tue, 13 Dec 2022 | ฿152.2b | ฿46.8b | ฿4.1b | 21.6x | 36.9x | 3.2x |
| Thu, 10 Nov 2022 | ฿165.9b | ฿46.6b | ฿4.3b | 18.7x | 38.7x | 3.6x |
| Sat, 08 Oct 2022 | ฿177.1b | ฿45.6b | ฿3.9b | 17.4x | 45x | 3.9x |
| Mon, 05 Sep 2022 | ฿188.8b | ฿45.6b | ฿3.9b | 18.4x | 47.9x | 4.1x |
| Wed, 03 Aug 2022 | ฿195.3b | ฿44.8b | ฿3.7b | 17.1x | 52.6x | 4.4x |
| Fri, 01 Jul 2022 | ฿226.9b | ฿44.8b | ฿3.7b | 18.6x | 61.1x | 5.1x |
| Sun, 29 May 2022 | ฿349.8b | ฿42.0b | ฿3.4b | 20.2x | 102.1x | 8.3x |
| Tue, 26 Apr 2022 | ฿539.9b | ฿42.7b | ฿3.0b | 25.5x | 181.1x | 12.6x |
| Thu, 24 Mar 2022 | ฿331.2b | ฿42.7b | ฿3.0b | 24.1x | 111.1x | 7.8x |
Price to Earnings Ratio
111.1x
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 14.7x which is lower than its 3-year average PE of 41.8x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 7.3% per year over the last three years.
- Revenues for these companies have grown 14% 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 | -2.35% | |
| Tech | -11.25% | |
| IT | -3.95% | |
| Data Processing Services | 11.66% | |
| Internet Services and Infrastructure | -3.54% | |
| IT Consulting | -3.99% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 46.2x.
- Analysts are expecting annual earnings growth of 22.6%, which is higher than its past year's earnings decline of 6.1% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 6.1% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| GABLE G-Able | ฿3.42 | 9.6% +฿210.0m | -27.8% | PE10.1x | |
| PT Premier Technology | ฿10.80 | 3.8% +฿113.6m | 33.3% | PE8.4x | |
| TPS Practical Solution | ฿3.92 | 3.7% +฿58.5m | -3.9% | PE12.1x | |
| SPREME Supreme Distribution | ฿1.48 | 0.7% +฿7.4m | n/a | PE8x | |
| TERA Terabyte Plus | ฿1.18 | 0.9% +฿2.4m | n/a | PE9.6x |