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Thai (SET) Utilities Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies33
- 7D0.7%
- 3M14.6%
- 1Y-1.3%
- YTD-2.6%
Over the last 7 days, the Utilities industry has dropped 1.0%, driven by Rojana Industrial Park declining 4.3%. The industry has fallen 3.9% in the last year. Earnings are forecast to grow by 18% annually.
Sector Valuation and Performance
Has the Thai Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ฿1.3t | ฿491.5b | ฿35.9b | 14.9x | 37.1x | 2.7x |
| Sat, 19 Oct 2024 | ฿1.4t | ฿501.8b | ฿38.0b | 14.1x | 38.2x | 2.9x |
| Mon, 16 Sep 2024 | ฿1.3t | ฿498.4b | ฿37.6b | 12.7x | 34.4x | 2.6x |
| Wed, 14 Aug 2024 | ฿1.1t | ฿509.6b | ฿41.3b | 12.7x | 26.6x | 2.2x |
| Fri, 12 Jul 2024 | ฿1.1t | ฿509.0b | ฿37.3b | 12.9x | 29.8x | 2.2x |
| Sun, 09 Jun 2024 | ฿1.1t | ฿509.0b | ฿37.5b | 13.2x | 30.3x | 2.2x |
| Tue, 07 May 2024 | ฿1.2t | ฿520.9b | ฿42.7b | 14.7x | 28.7x | 2.4x |
| Thu, 04 Apr 2024 | ฿1.3t | ฿520.9b | ฿42.7b | 15.2x | 29.6x | 2.4x |
| Sat, 02 Mar 2024 | ฿1.3t | ฿523.5b | ฿46.6b | 13.2x | 27.4x | 2.4x |
| Mon, 29 Jan 2024 | ฿1.3t | ฿564.3b | ฿60.2b | 14.4x | 21.9x | 2.3x |
| Wed, 27 Dec 2023 | ฿1.3t | ฿564.2b | ฿60.3b | 14x | 22.1x | 2.4x |
| Fri, 24 Nov 2023 | ฿1.4t | ฿564.2b | ฿60.3b | 13.9x | 22.4x | 2.4x |
| Sun, 22 Oct 2023 | ฿1.3t | ฿586.3b | ฿57.1b | 13x | 22x | 2.1x |
| Tue, 19 Sep 2023 | ฿1.4t | ฿586.3b | ฿57.1b | 14.5x | 25.2x | 2.5x |
| Thu, 17 Aug 2023 | ฿1.5t | ฿591.6b | ฿57.1b | 13x | 25.9x | 2.5x |
| Sat, 15 Jul 2023 | ฿1.5t | ฿588.0b | ฿53.4b | 13.2x | 27.9x | 2.5x |
| Mon, 12 Jun 2023 | ฿1.5t | ฿588.0b | ฿53.4b | 14.1x | 29x | 2.6x |
| Wed, 10 May 2023 | ฿1.7t | ฿575.0b | ฿56.5b | 12.8x | 29.7x | 2.9x |
| Fri, 07 Apr 2023 | ฿1.7t | ฿575.0b | ฿55.7b | 13.6x | 30.9x | 3x |
| Sun, 05 Mar 2023 | ฿1.7t | ฿560.3b | ฿59.1b | 15.8x | 28.4x | 3x |
| Tue, 31 Jan 2023 | ฿1.8t | ฿520.1b | ฿61.8b | 17.5x | 29.8x | 3.5x |
| Thu, 29 Dec 2022 | ฿1.9t | ฿515.7b | ฿61.5b | 17.9x | 30.4x | 3.6x |
| Sat, 26 Nov 2022 | ฿1.8t | ฿514.9b | ฿61.4b | 17.8x | 29.6x | 3.5x |
| Mon, 24 Oct 2022 | ฿1.7t | ฿451.2b | ฿63.4b | 16.8x | 27.6x | 3.9x |
| Wed, 21 Sep 2022 | ฿1.8t | ฿451.2b | ฿63.4b | 17.8x | 29x | 4.1x |
| Fri, 19 Aug 2022 | ฿1.8t | ฿450.3b | ฿63.2b | 16x | 28.3x | 4x |
| Sun, 17 Jul 2022 | ฿1.7t | ฿407.6b | ฿70.1b | 13.7x | 24.6x | 4.2x |
| Tue, 14 Jun 2022 | ฿1.7t | ฿407.6b | ฿70.1b | 16.5x | 24.3x | 4.2x |
| Thu, 12 May 2022 | ฿1.7t | ฿361.5b | ฿65.3b | 20.3x | 25.6x | 4.6x |
| Sat, 09 Apr 2022 | ฿1.8t | ฿361.5b | ฿65.3b | 21.8x | 27.6x | 5x |
| Mon, 07 Mar 2022 | ฿1.8t | ฿360.8b | ฿65.3b | 21.3x | 27.8x | 5x |
| Wed, 02 Feb 2022 | ฿1.9t | ฿333.9b | ฿66.7b | 19.6x | 28.1x | 5.6x |
| Fri, 31 Dec 2021 | ฿1.9t | ฿336.1b | ฿66.9b | 19x | 28x | 5.6x |
| Sun, 28 Nov 2021 | ฿1.7t | ฿336.1b | ฿66.9b | 19x | 25.3x | 5x |
Price to Earnings Ratio
25.3x
Current Industry PE
- Investors are optimistic on the Thai Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 36.3x which is higher than its 3-year average PE of 27.9x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 18% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 Utilities sector?
| TH Market | 0.77% | |
| Utilities | 0.74% | |
| Renewable Energy | 0.85% | |
| Other Utilities | 0% | |
| Water Utilities | -0.24% | |
| Electric Utilities | -4.35% | |
| Gas Utilities | -7.11% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 29.9x.
- Analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings decline of 4.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 4.7% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 5.4% 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 | |
|---|---|---|---|---|---|
| GPSC Global Power Synergy | ฿42.75 | 4.3% +฿4.9b | -5.0% | PE34x | |
| EGCO Electricity Generating | ฿117.00 | 4.0% +฿2.4b | -10.0% | PS1.5x | |
| RATCH Ratch Group | ฿30.75 | 3.4% +฿2.2b | -8.2% | PE11.3x | |
| BPP Banpu Power | ฿12.00 | 4.3% +฿1.5b | -18.9% | PE14.3x | |
| BGRIM B.Grimm Power | ฿20.70 | 1.5% +฿782.1m | -19.6% | PE215.4x |