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Thai (SET) Telecom Sector Analysis
UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies46
- 7D4.4%
- 3M2.1%
- 1Y37.4%
- YTD3.1%
Over the last 7 days, the Telecom industry has risen 4.4%, driven by gains from Advanced Info Service of 6.8%. This takes the industry's 12 month performance to a gain of 37%. As for the next few years, earnings are expected to grow by 36% per annum.
Sector Valuation and Performance
Has the Thai Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | ฿1.9t | ฿567.0b | ฿56.9b | 22.4x | 33.2x | 3.3x |
| Tue, 14 Jan 2025 | ฿1.8t | ฿561.1b | ฿51.4b | 21.5x | 34.6x | 3.2x |
| Thu, 12 Dec 2024 | ฿1.9t | ฿563.6b | ฿49.3b | 23.4x | 37.7x | 3.3x |
| Sat, 09 Nov 2024 | ฿1.8t | ฿563.3b | ฿50.5b | 19.5x | 36.5x | 3.3x |
| Mon, 07 Oct 2024 | ฿1.8t | ฿556.3b | ฿49.1b | 20.4x | 35.8x | 3.2x |
| Wed, 04 Sep 2024 | ฿1.6t | ฿556.0b | ฿49.1b | 19.3x | 32.9x | 2.9x |
| Fri, 02 Aug 2024 | ฿1.5t | ฿546.6b | ฿46.9b | 19.4x | 32.2x | 2.8x |
| Sun, 30 Jun 2024 | ฿1.4t | ฿544.2b | ฿46.8b | 19.9x | 28.9x | 2.5x |
| Tue, 28 May 2024 | ฿1.3t | ฿544.5b | ฿46.9b | 23.2x | 28.6x | 2.5x |
| Thu, 25 Apr 2024 | ฿1.3t | ฿502.1b | ฿45.3b | 21.1x | 28.4x | 2.6x |
| Sat, 23 Mar 2024 | ฿1.3t | ฿502.0b | ฿47.9b | 22.7x | 27.8x | 2.7x |
| Mon, 19 Feb 2024 | ฿1.3t | ฿443.9b | ฿29.5b | 22.1x | 44x | 2.9x |
| Wed, 17 Jan 2024 | ฿1.6t | ฿641.8b | ฿16.6b | 22.4x | 94x | 2.4x |
| Fri, 15 Dec 2023 | ฿1.5t | ฿641.8b | ฿16.6b | 20.7x | 93.1x | 2.4x |
| Sun, 12 Nov 2023 | ฿1.6t | ฿641.3b | ฿15.7b | 24.6x | 101.6x | 2.5x |
| Tue, 10 Oct 2023 | ฿1.6t | ฿618.7b | ฿7.0b | 29.7x | 235x | 2.6x |
| Thu, 07 Sep 2023 | ฿1.6t | ฿618.8b | ฿7.0b | 35.9x | 235.5x | 2.7x |
| Sat, 05 Aug 2023 | ฿1.7t | ฿618.3b | ฿7.3b | 28.8x | 229.2x | 2.7x |
| Mon, 03 Jul 2023 | ฿1.6t | ฿603.2b | ฿8.9b | 29.7x | 183.5x | 2.7x |
| Wed, 31 May 2023 | ฿1.6t | ฿604.1b | ฿8.8b | 32.2x | 186x | 2.7x |
| Fri, 28 Apr 2023 | ฿1.7t | ฿617.7b | ฿6.9b | 30.9x | 245.8x | 2.7x |
| Sun, 26 Mar 2023 | ฿1.7t | ฿617.7b | ฿6.9b | 32.7x | 251.3x | 2.8x |
| Tue, 21 Feb 2023 | ฿1.5t | ฿488.5b | ฿39.4b | 32.4x | 37x | 3x |
| Thu, 19 Jan 2023 | ฿1.4t | ฿494.2b | ฿37.9b | 29.2x | 37.6x | 2.9x |
| Sat, 17 Dec 2022 | ฿1.3t | ฿494.2b | ฿37.9b | 27.2x | 35.3x | 2.7x |
| Mon, 14 Nov 2022 | ฿1.4t | ฿489.4b | ฿41.7b | 30x | 32.4x | 2.8x |
| Wed, 12 Oct 2022 | ฿1.3t | ฿484.8b | ฿42.8b | 30.5x | 31.1x | 2.7x |
| Fri, 09 Sep 2022 | ฿1.4t | ฿484.6b | ฿42.7b | 32.7x | 32.2x | 2.8x |
| Sun, 07 Aug 2022 | ฿1.4t | ฿478.7b | ฿41.5b | 32.8x | 33.8x | 2.9x |
| Tue, 05 Jul 2022 | ฿1.4t | ฿478.7b | ฿42.0b | 31.2x | 33x | 2.9x |
| Thu, 02 Jun 2022 | ฿1.5t | ฿478.7b | ฿42.0b | 33.1x | 35.2x | 3.1x |
| Sat, 30 Apr 2022 | ฿1.5t | ฿478.3b | ฿43.6b | 35.1x | 33.9x | 3.1x |
| Mon, 28 Mar 2022 | ฿1.5t | ฿478.6b | ฿43.7b | 32.8x | 35.4x | 3.2x |
| Wed, 23 Feb 2022 | ฿1.5t | ฿479.3b | ฿41.5b | 33.7x | 37.2x | 3.2x |
Price to Earnings Ratio
37.2x
Current Industry PE
- Investors are pessimistic on the Thai Communication Services 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 33.2x which is lower than its 3-year average PE of 81.5x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 5.8% 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 Telecom sector?
| TH Market | -0.76% | |
| Telecom | 4.45% | |
| Telecom Services and Carriers | 5.36% | |
| Wireless Telecom | 4.84% | |
| Interactive Media and Services | 0% | 0 |
| Media | -0.83% | |
| Entertainment | -0.88% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 31.2x.
- Analysts are expecting annual earnings growth of 11.5%, which is lower than the prior year's growth of 36.4% per year.
- Investors are most pessimistic about the Wireless Telecom industry, which is trading close to its 3-year average of 23.3x.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 115% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 8.5% 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 | |
|---|---|---|---|---|---|
| ADVANC Advanced Info Service | ฿299.00 | 6.8% +฿56.5b | 40.4% | PE25.4x | |
| TRUE True Corporation | ฿12.80 | 5.8% +฿24.2b | 98.4% | PS1.8x | |
| JTS Jasmine Technology Solution | ฿48.50 | 4.3% +฿1.4b | -41.4% | PE74.4x | |
| PLANB Plan B Media | ฿7.10 | 4.4% +฿1.3b | -19.8% | PE30.1x | |
| THCOM Thaicom | ฿11.30 | 2.7% +฿328.8m | -8.9% | PS5.1x |