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Thai (SET) Telecom Sector Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies45
  • 7D-2.3%
  • 3M-2.2%
  • 1Y-13.2%
  • YTD-0.5%

Over the last 7 days, the Telecom industry has remained flat, although notably True Corporation gained 4.7%. As for the longer term, the industry has declined 11% in the last year. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

Has the Thai Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024฿1.3t฿443.8b฿30.2b21.8x42.1x2.9x
Fri, 19 Jan 2024฿1.6t฿641.8b฿16.6b22.6x93.5x2.4x
Sun, 17 Dec 2023฿1.6t฿641.8b฿16.6b21.1x93.6x2.4x
Tue, 14 Nov 2023฿1.6t฿641.3b฿15.7b24.5x102.5x2.5x
Thu, 12 Oct 2023฿1.7t฿618.7b฿7.0b29.8x237x2.7x
Sat, 09 Sep 2023฿1.7t฿618.8b฿7.0b35.9x238x2.7x
Mon, 07 Aug 2023฿1.7t฿618.3b฿7.3b28.6x230.1x2.7x
Wed, 05 Jul 2023฿1.6t฿603.2b฿8.9b29.8x183.5x2.7x
Fri, 02 Jun 2023฿1.6t฿604.1b฿8.8b32.2x184.4x2.7x
Sun, 30 Apr 2023฿1.7t฿617.7b฿6.9b31.4x245.7x2.7x
Tue, 28 Mar 2023฿1.7t฿617.7b฿6.9b32.4x250.6x2.8x
Thu, 23 Feb 2023฿1.5t฿480.5b฿25.8b34x56.5x3x
Sat, 21 Jan 2023฿1.4t฿494.2b฿37.9b30.2x37.3x2.9x
Mon, 19 Dec 2022฿1.3t฿494.2b฿37.9b27.2x35.3x2.7x
Wed, 16 Nov 2022฿1.4t฿490.5b฿41.4b30.6x32.6x2.8x
Fri, 14 Oct 2022฿1.3t฿484.8b฿42.8b30.5x31x2.7x
Sun, 11 Sep 2022฿1.4t฿484.6b฿42.7b33.3x32.3x2.8x
Tue, 09 Aug 2022฿1.4t฿478.6b฿41.9b29.8x33.8x3x
Thu, 07 Jul 2022฿1.4t฿478.7b฿42.0b30.2x32.7x2.9x
Sat, 04 Jun 2022฿1.5t฿478.7b฿42.0b32.7x35x3.1x
Mon, 02 May 2022฿1.5t฿478.3b฿43.6b35.1x33.9x3.1x
Wed, 30 Mar 2022฿1.6t฿478.6b฿43.7b33.1x36x3.3x
Fri, 25 Feb 2022฿1.5t฿480.4b฿41.6b33.6x36.4x3.2x
Sun, 23 Jan 2022฿1.5t฿468.9b฿42.7b36.5x35.6x3.2x
Tue, 21 Dec 2021฿1.4t฿468.9b฿42.7b30.4x33.6x3.1x
Thu, 18 Nov 2021฿1.4t฿464.6b฿40.4b35.9x34.2x3x
Sat, 16 Oct 2021฿1.3t฿464.8b฿40.8b31x32.4x2.8x
Mon, 13 Sep 2021฿1.3t฿464.8b฿40.8b30.1x32.4x2.8x
Wed, 11 Aug 2021฿1.2t฿445.5b฿43.7b26.5x27.5x2.7x
Sun, 06 Jun 2021฿1.1t฿442.5b฿44.1b29x25.7x2.6x
Wed, 10 Mar 2021฿1.1t฿440.8b฿42.8b23.7x25.1x2.4x
Price to Earnings Ratio

25.1x


Total Market Cap: ฿1.1tTotal Earnings: ฿42.8bTotal Revenue: ฿440.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Telecom Sector Price to Earnings3Y Average 81x202220232024
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 43.9x which is lower than its 3-year average PE of 81.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 12% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Telecom sector?

TH Market-0.79%
Telecom-2.27%
Telecom Services and Carriers1.84%
Interactive Media and Services0%
Entertainment-2.48%
Wireless Telecom-3.22%
Media-4.34%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 32.4x.
    • Analysts are expecting annual earnings decline of 8.6%, which is lower than the prior year's growth of 1.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 75% over the next 5 years.
  • However this is lower than its past earnings growth rate of 146% per year.
  • In contrast, the Entertainment industry is expected to see its earnings decline by 8.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TRUE True Corporation฿6.553.1%
+฿6.9b
-22.9%PS1.5x
THCOM Thaicom฿13.002.4%
+฿328.8m
-20.7%PE40.3x
ROCTEC Roctec Global฿0.603.4%
+฿162.4m
1.7%PE25.8x
MCOT MCOT฿3.246.6%
+฿137.4m
-31.6%PE3.8x
NATION Nation Group (Thailand)฿0.0525.0%
+฿122.0m
-50.0%PS0.6x
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MCOT

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6.6%

1Y

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GPI

฿1.87

Grand Prix International

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3.3%

1Y

7.5%

VGI

฿1.53

VGI

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THCOM

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฿70.50

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Advanced Info Service

7D

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1Y

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Super Turtle

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PLANB

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1Y

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฿1.84

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7D

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GRAMMY

฿6.10

GMM Grammy

7D

0.8%

1Y

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TRUE

฿6.55

True Corporation

7D

3.1%

1Y

-22.9%

JKN

฿0.72

JKN Global Group

7D

-29.4%

1Y

-77.2%

NATION

฿0.05

Nation Group (Thailand)

7D

25.0%

1Y

-50.0%

ZAA

฿1.25

ZALEKTA

7D

-15.5%

1Y

-41.6%

CEYE

฿4.42

Chamni's Eye

7D

2.8%

1Y

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