Thai (SET) IT Industry Analysis
UpdatedMay 04, 2024
DataAggregated Company Financials
Companies22
- 7D-1.1%
- 3M-17.5%
- 1Y6.4%
- YTD-22.6%
Over the last 7 days, the IT industry has dropped 2.2%, driven by a pullback from Jasmine Technology Solution of 2.4%. In contrast, Infraset has gained 16%. Over the past 12 months, the industry was up 6.1%. Earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Sat, 04 May 2024 | ฿104.5b | ฿57.8b | ฿3.3b | 14.4x | 31.5x | 1.8x |
| Mon, 01 Apr 2024 | ฿111.0b | ฿57.8b | ฿3.3b | 14.6x | 33.4x | 1.9x |
| Wed, 28 Feb 2024 | ฿135.2b | ฿54.7b | ฿3.5b | 12.4x | 39.1x | 2.5x |
| Fri, 26 Jan 2024 | ฿120.9b | ฿53.7b | ฿3.1b | 12.3x | 38.6x | 2.3x |
| Sun, 24 Dec 2023 | ฿111.7b | ฿53.7b | ฿3.1b | 11.7x | 35.7x | 2.1x |
| Tue, 21 Nov 2023 | ฿109.2b | ฿53.8b | ฿3.1b | 12.3x | 34.9x | 2x |
| Thu, 19 Oct 2023 | ฿96.5b | ฿51.4b | ฿2.9b | 13.7x | 33.1x | 1.9x |
| Sat, 16 Sep 2023 | ฿105.1b | ฿49.9b | ฿2.8b | 13.9x | 37.7x | 2.1x |
| Mon, 14 Aug 2023 | ฿95.7b | ฿48.2b | ฿2.6b | 14.2x | 36.2x | 2x |
| Wed, 12 Jul 2023 | ฿89.0b | ฿47.7b | ฿2.8b | 14.5x | 32.3x | 1.9x |
| Fri, 09 Jun 2023 | ฿93.3b | ฿47.7b | ฿2.8b | 14.7x | 33.8x | 2x |
| Sun, 07 May 2023 | ฿86.5b | ฿40.3b | ฿2.2b | 14.3x | 38.5x | 2.1x |
| Tue, 04 Apr 2023 | ฿101.9b | ฿40.3b | ฿2.2b | 16.5x | 45.4x | 2.5x |
| Thu, 02 Mar 2023 | ฿134.8b | ฿45.8b | ฿3.5b | 21.6x | 38.8x | 2.9x |
| Sat, 28 Jan 2023 | ฿174.9b | ฿46.8b | ฿4.1b | 22.1x | 42.4x | 3.7x |
| Mon, 26 Dec 2022 | ฿154.8b | ฿46.8b | ฿4.1b | 20.9x | 37.5x | 3.3x |
| Wed, 23 Nov 2022 | ฿149.2b | ฿46.8b | ฿4.1b | 21.7x | 36.2x | 3.2x |
| Fri, 21 Oct 2022 | ฿174.0b | ฿45.6b | ฿3.9b | 17.5x | 44.2x | 3.8x |
| Sun, 18 Sep 2022 | ฿203.5b | ฿45.6b | ฿3.9b | 18x | 51.7x | 4.5x |
| Tue, 16 Aug 2022 | ฿202.7b | ฿45.4b | ฿4.0b | 18.4x | 51x | 4.5x |
| Thu, 14 Jul 2022 | ฿203.2b | ฿44.8b | ฿3.7b | 16.3x | 54.7x | 4.5x |
| Sat, 11 Jun 2022 | ฿340.8b | ฿44.8b | ฿3.7b | 20.7x | 91.8x | 7.6x |
| Mon, 09 May 2022 | ฿493.1b | ฿42.7b | ฿3.0b | 23x | 165.4x | 11.5x |
| Wed, 06 Apr 2022 | ฿401.5b | ฿42.7b | ฿3.0b | 25.8x | 134.7x | 9.4x |
| Fri, 04 Mar 2022 | ฿270.1b | ฿42.8b | ฿3.0b | 21.9x | 90.6x | 6.3x |
| Sun, 30 Jan 2022 | ฿195.4b | ฿43.7b | ฿3.1b | 23x | 63.2x | 4.5x |
| Tue, 28 Dec 2021 | ฿170.7b | ฿43.7b | ฿3.1b | 21.8x | 55.2x | 3.9x |
| Thu, 25 Nov 2021 | ฿131.5b | ฿43.7b | ฿3.1b | 21.8x | 42.5x | 3x |
| Sat, 23 Oct 2021 | ฿109.5b | ฿44.7b | ฿2.8b | 24x | 38.6x | 2.5x |
| Mon, 20 Sep 2021 | ฿99.9b | ฿44.7b | ฿2.8b | 20.7x | 35.2x | 2.2x |
| Wed, 18 Aug 2021 | ฿87.3b | ฿45.0b | ฿2.4b | 17.9x | 36.7x | 1.9x |
| Wed, 02 Jun 2021 | ฿55.7b | ฿41.4b | ฿1.4b | 16.9x | 40.6x | 1.3x |
Price to Earnings Ratio
40.6x
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 31.3x which is lower than its 3-year average PE of 49.8x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 13% 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 | 0.69% | |
| Tech | -3.80% | |
| IT | -1.14% | |
| Internet Services and Infrastructure | 1.45% | |
| IT Consulting | -1.25% | |
| Data Processing Services | -6.88% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 55.3x.
- Analysts are expecting annual earnings growth of 21.5%, which is lower than the prior year's growth of 24.2% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 22% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 6.0% 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 | |
|---|---|---|---|---|---|
| INSET Infraset | ฿2.28 | 15.7% +฿252.0m | -6.6% | PE17x | |
| GABLE G-Able | ฿5.25 | 5.4% +฿189.0m | n/a | PE14.6x | |
| AIT Advanced Information Technology | ฿4.32 | 1.9% +฿122.9m | -12.9% | PE13.2x | |
| TPS Practical Solution | ฿4.50 | 4.7% +฿83.0m | 45.2% | PE16.1x | |
| ICN Information and Communication Networks | ฿2.62 | 3.1% +฿53.8m | -11.5% | PE10.1x |