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Thai (SET) Software Industry Analysis
UpdatedApr 20, 2025
DataAggregated Company Financials
Companies5
- 7D4.8%
- 3M11.3%
- 1Y-34.6%
- YTD-0.8%
In the last week, the Software industry is up 4.8%, with all of the companies up. However, the industry is down 35% over the past year. As for the next few years, earnings are forecast to decline by 5.7% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 20 Apr 2025 | ฿7.3b | ฿1.9b | ฿46.9m | 23.6x | 155.7x | 3.9x |
| Tue, 18 Mar 2025 | ฿7.1b | ฿1.9b | ฿46.9m | 23.4x | 151.9x | 3.8x |
| Thu, 13 Feb 2025 | ฿6.4b | ฿1.8b | -฿33,600,519.00 | 14.6x | -190.6x | 3.5x |
| Sat, 11 Jan 2025 | ฿6.8b | ฿1.8b | -฿33,600,519.00 | 15.6x | -202.9x | 3.7x |
| Mon, 09 Dec 2024 | ฿7.7b | ฿1.8b | -฿33,600,519.00 | 18.9x | -230x | 4.2x |
| Wed, 06 Nov 2024 | ฿7.1b | ฿1.8b | -฿74,817,742.00 | 17.2x | -95.5x | 4x |
| Fri, 04 Oct 2024 | ฿7.4b | ฿1.8b | -฿74,817,742.00 | 17.2x | -98.4x | 4.1x |
| Sun, 01 Sep 2024 | ฿7.4b | ฿1.8b | -฿74,817,742.00 | 18.6x | -99.3x | 4.2x |
| Tue, 30 Jul 2024 | ฿6.8b | ฿1.7b | -฿194,104,900.00 | 15.6x | -34.8x | 3.9x |
| Thu, 27 Jun 2024 | ฿7.4b | ฿1.7b | -฿194,104,900.00 | 19.6x | -37.9x | 4.2x |
| Sat, 25 May 2024 | ฿8.1b | ฿1.8b | -฿156,473,090.00 | 23.6x | -52x | 4.5x |
| Mon, 22 Apr 2024 | ฿9.5b | ฿1.8b | -฿208,335,090.00 | 25.7x | -45.6x | 5.3x |
| Wed, 20 Mar 2024 | ฿11.1b | ฿1.8b | -฿208,335,090.00 | 27x | -53.3x | 6.2x |
| Fri, 16 Feb 2024 | ฿8.2b | ฿1.7b | ฿312.5m | 23.4x | 26.4x | 4.8x |
| Sun, 14 Jan 2024 | ฿8.9b | ฿1.7b | ฿312.5m | 24.9x | 28.3x | 5.2x |
| Tue, 12 Dec 2023 | ฿7.4b | ฿1.7b | ฿312.5m | 21.9x | 23.8x | 4.3x |
| Thu, 09 Nov 2023 | ฿7.6b | ฿1.6b | ฿272.5m | 25.5x | 27.9x | 4.7x |
| Sat, 07 Oct 2023 | ฿8.4b | ฿1.6b | ฿272.5m | 28x | 30.8x | 5.2x |
| Mon, 04 Sep 2023 | ฿9.7b | ฿1.6b | ฿272.5m | 36.7x | 35.5x | 6x |
| Wed, 02 Aug 2023 | ฿10.1b | ฿1.5b | ฿281.3m | 38.1x | 36x | 6.7x |
| Fri, 30 Jun 2023 | ฿9.8b | ฿1.5b | ฿281.3m | 38.4x | 35x | 6.5x |
| Sun, 28 May 2023 | ฿8.3b | ฿1.1b | ฿225.8m | 40.2x | 36.8x | 7.6x |
| Tue, 25 Apr 2023 | ฿20.9b | ฿2.0b | ฿413.8m | 56.1x | 50.4x | 10.3x |
| Thu, 23 Mar 2023 | ฿22.3b | ฿2.0b | ฿413.8m | 57.8x | 54x | 11x |
| Sat, 18 Feb 2023 | ฿22.9b | ฿2.0b | ฿228.5m | 51.7x | 100x | 11.4x |
| Mon, 16 Jan 2023 | ฿19.6b | ฿1.6b | ฿201.1m | 52.1x | 97.5x | 12.4x |
| Wed, 14 Dec 2022 | ฿19.6b | ฿1.6b | ฿201.1m | 49x | 97.6x | 12.4x |
| Fri, 11 Nov 2022 | ฿19.2b | ฿1.4b | ฿254.7m | 62.8x | 75.3x | 13.2x |
| Sun, 09 Oct 2022 | ฿19.1b | ฿1.4b | ฿254.7m | 62.3x | 75x | 13.2x |
| Tue, 06 Sep 2022 | ฿21.5b | ฿1.4b | ฿254.7m | 69.6x | 84.3x | 14.8x |
| Thu, 04 Aug 2022 | ฿19.6b | ฿1.4b | ฿247.8m | 47.5x | 79.1x | 14.2x |
| Sat, 02 Jul 2022 | ฿18.8b | ฿1.4b | ฿247.8m | 45.2x | 76.1x | 13.6x |
| Mon, 30 May 2022 | ฿18.5b | ฿1.4b | ฿247.8m | 41x | 74.5x | 13.4x |
| Wed, 27 Apr 2022 | ฿18.9b | ฿1.4b | ฿409.4m | 43x | 46.2x | 13.9x |
Price to Earnings Ratio
46.2x
Current Industry PE
- Investors are optimistic on the Thai Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 156x which is higher than its 3-year average PE of 8.5x.
- The 3-year average PS ratio of 7.8x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 51% per year over the last three years.
- Meanwhile revenues for these companies have grown 11% 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 | 2.06% | |
| Tech | 2.00% | |
| Software | 4.82% | |
| Application Software | 4.89% | |
| Systems Software | 4.07% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 31.0x.
- Analysts are expecting annual earnings decline of 5.7%, which is worse than the prior year's decline of 2.4%.
- Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 20.2x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Application Software industry since they expect its earnings to decline by only 5.7% per year over the next 5 years, which isn't as bad as the other industries.
- This is even lower than its past earnings decline of 2.4% per year.
- In contrast, the Application Software industry is expected to see its earnings decline by 5.7% 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 | ฿19.50 | 7.7% +฿280.0m | 4.3% | PE18.1x | |
| TBN TBN Corporation | ฿6.40 | 4.1% +฿25.0m | -39.0% | PE29.1x | |
| BVG BlueVenture Group | ฿1.85 | 2.8% +฿22.5m | -60.8% | PE16x | |
| COMAN Comanche International | ฿0.60 | 9.1% +฿8.4m | -83.1% | PE36.5x |