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Thai (SET) Software Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies5
- 7D3.1%
- 3M-6.3%
- 1Y-45.2%
- YTD-11.0%
Over the last 7 days, the Software industry has risen 3.1%, driven by gains from Netbay of 15%. In the past year, the industry is down 45%. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Thai Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Feb 2025 | ฿6.5b | ฿1.8b | -฿33,600,519.00 | 15.7x | -194.7x | 3.6x |
| Mon, 20 Jan 2025 | ฿6.5b | ฿1.8b | -฿33,600,519.00 | 14.9x | -194.6x | 3.6x |
| Wed, 18 Dec 2024 | ฿7.3b | ฿1.8b | -฿33,600,519.00 | 17.3x | -217.2x | 4x |
| Fri, 15 Nov 2024 | ฿7.0b | ฿1.8b | -฿96,322,326.00 | 16.5x | -72.9x | 4x |
| Sun, 13 Oct 2024 | ฿7.6b | ฿1.8b | -฿74,817,742.00 | 18.5x | -101.8x | 4.3x |
| Tue, 10 Sep 2024 | ฿9.3b | ฿1.8b | -฿74,817,742.00 | 18.9x | -124.7x | 5.2x |
| Thu, 08 Aug 2024 | ฿6.4b | ฿1.7b | -฿194,104,900.00 | 14.4x | -33.1x | 3.7x |
| Sat, 06 Jul 2024 | ฿7.8b | ฿1.7b | -฿194,104,900.00 | 18.6x | -40.3x | 4.5x |
| Mon, 03 Jun 2024 | ฿8.9b | ฿1.8b | -฿156,473,090.00 | 21.4x | -56.6x | 4.9x |
| Wed, 01 May 2024 | ฿9.9b | ฿1.8b | -฿208,335,090.00 | 27.3x | -47.5x | 5.5x |
| Fri, 29 Mar 2024 | ฿10.5b | ฿1.8b | -฿208,335,090.00 | 29.5x | -50.4x | 5.9x |
| Sun, 25 Feb 2024 | ฿8.2b | ฿1.7b | ฿295.0m | 25.2x | 27.9x | 4.9x |
| Tue, 23 Jan 2024 | ฿9.0b | ฿1.7b | ฿312.5m | 26.5x | 28.8x | 5.2x |
| Thu, 21 Dec 2023 | ฿7.9b | ฿1.7b | ฿312.5m | 22.1x | 25.4x | 4.6x |
| Sat, 18 Nov 2023 | ฿7.6b | ฿1.7b | ฿278.5m | 27.3x | 27.2x | 4.6x |
| Mon, 16 Oct 2023 | ฿8.4b | ฿1.6b | ฿272.5m | 28.9x | 31x | 5.2x |
| Wed, 13 Sep 2023 | ฿9.2b | ฿1.6b | ฿272.5m | 34.2x | 33.8x | 5.7x |
| Fri, 11 Aug 2023 | ฿9.4b | ฿1.5b | ฿281.3m | 34.6x | 33.6x | 6.3x |
| Sun, 09 Jul 2023 | ฿10.2b | ฿1.5b | ฿281.3m | 39.1x | 36.2x | 6.8x |
| Tue, 06 Jun 2023 | ฿9.2b | ฿1.1b | ฿225.8m | 45.7x | 40.6x | 8.3x |
| Thu, 04 May 2023 | ฿11.0b | ฿972.8m | ฿232.9m | 55.8x | 47.4x | 11.3x |
| Sat, 01 Apr 2023 | ฿21.9b | ฿2.0b | ฿413.8m | 57.6x | 53x | 10.8x |
| Mon, 27 Feb 2023 | ฿22.5b | ฿2.0b | ฿237.8m | 70.3x | 94.4x | 11.2x |
| Wed, 25 Jan 2023 | ฿20.1b | ฿1.6b | ฿201.1m | 53.3x | 100x | 12.7x |
| Fri, 23 Dec 2022 | ฿18.3b | ฿1.6b | ฿201.1m | 48.2x | 91x | 11.5x |
| Sun, 20 Nov 2022 | ฿18.9b | ฿1.6b | ฿232.5m | 66.8x | 81.4x | 12x |
| Tue, 18 Oct 2022 | ฿18.8b | ฿1.4b | ฿254.7m | 61.1x | 73.6x | 12.9x |
| Thu, 15 Sep 2022 | ฿21.0b | ฿1.4b | ฿254.7m | 70.2x | 82.5x | 14.5x |
| Sat, 13 Aug 2022 | ฿20.0b | ฿1.4b | ฿247.8m | 48.7x | 80.9x | 14.5x |
| Mon, 11 Jul 2022 | ฿19.2b | ฿1.4b | ฿247.8m | 43.2x | 77.5x | 13.9x |
| Wed, 08 Jun 2022 | ฿20.8b | ฿1.4b | ฿247.8m | 47.8x | 83.8x | 15x |
| Fri, 06 May 2022 | ฿18.5b | ฿1.4b | ฿409.4m | 43x | 45.1x | 13.6x |
| Sun, 03 Apr 2022 | ฿20.1b | ฿1.4b | ฿409.4m | 43x | 49.2x | 14.8x |
| Tue, 01 Mar 2022 | ฿20.2b | ฿1.4b | ฿423.4m | 50.2x | 47.6x | 14.7x |
Price to Earnings Ratio
47.6x
Current Industry PE
- Investors are pessimistic on the Thai Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 8.4x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- Total earnings for the Software industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 10.0% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Tech industry?
| TH Market | -2.96% | |
| Tech | -27.97% | |
| Software | 3.05% | |
| Application Software | 3.86% | |
| Systems Software | -3.70% | |
Industry PE
- Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 19.6x.
- Analysts are expecting annual earnings growth of 39.6%, which is higher than its past year's earnings decline of 19.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 6.2% 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 | |
|---|---|---|---|---|---|
| NETBAY Netbay | ฿16.20 | 14.9% +฿420.0m | -28.6% | PE16.6x | |
| COMAN Comanche International | ฿0.55 | 14.6% +฿10.3m | -84.2% | PS0.3x |