Thai (SET) Utilities Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies33
- 7D-2.6%
- 3M-10.1%
- 1Y-30.2%
- YTD-21.4%
Over the last 7 days, the Utilities industry has dropped 2.4%, driven by a pullback from Global Power Synergy of 6.1%. The industry has fallen 27% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ฿1.1t | ฿509.0b | ฿37.3b | 12.5x | 28.8x | 2.1x |
| Sun, 23 Jun 2024 | ฿1.1t | ฿509.0b | ฿37.3b | 12.9x | 29.6x | 2.2x |
| Tue, 21 May 2024 | ฿1.2t | ฿505.7b | ฿38.4b | 15x | 31.6x | 2.4x |
| Thu, 18 Apr 2024 | ฿1.2t | ฿520.9b | ฿42.7b | 14.9x | 29.1x | 2.4x |
| Sat, 16 Mar 2024 | ฿1.3t | ฿520.9b | ฿42.7b | 15.4x | 30.9x | 2.5x |
| Mon, 12 Feb 2024 | ฿1.3t | ฿548.4b | ฿61.2b | 14.4x | 21.8x | 2.4x |
| Wed, 10 Jan 2024 | ฿1.3t | ฿564.3b | ฿60.2b | 14.3x | 22x | 2.4x |
| Fri, 08 Dec 2023 | ฿1.3t | ฿564.2b | ฿60.3b | 13.5x | 22.1x | 2.4x |
| Sun, 05 Nov 2023 | ฿1.3t | ฿586.3b | ฿57.1b | 13.1x | 23.4x | 2.3x |
| Tue, 03 Oct 2023 | ฿1.4t | ฿586.3b | ฿57.1b | 14.5x | 23.9x | 2.3x |
| Thu, 31 Aug 2023 | ฿1.5t | ฿586.3b | ฿57.1b | 14x | 27.1x | 2.6x |
| Sat, 29 Jul 2023 | ฿1.5t | ฿582.9b | ฿53.2b | 12.7x | 29x | 2.6x |
| Mon, 26 Jun 2023 | ฿1.5t | ฿588.0b | ฿53.4b | 13.7x | 27.4x | 2.5x |
| Wed, 24 May 2023 | ฿1.6t | ฿586.2b | ฿53.5b | 14x | 29.4x | 2.7x |
| Fri, 21 Apr 2023 | ฿1.7t | ฿575.0b | ฿55.7b | 13.5x | 30.2x | 2.9x |
| Sun, 19 Mar 2023 | ฿1.7t | ฿574.9b | ฿56.9b | 13x | 29.3x | 2.9x |
| Tue, 14 Feb 2023 | ฿1.8t | ฿520.1b | ฿61.8b | 17.3x | 29.9x | 3.6x |
| Thu, 12 Jan 2023 | ฿1.9t | ฿515.7b | ฿61.5b | 17.5x | 30.7x | 3.7x |
| Sat, 10 Dec 2022 | ฿1.9t | ฿514.9b | ฿61.4b | 18.3x | 30.3x | 3.6x |
| Mon, 07 Nov 2022 | ฿1.8t | ฿451.1b | ฿63.3b | 17.9x | 28.4x | 4x |
| Wed, 05 Oct 2022 | ฿1.7t | ฿451.2b | ฿63.4b | 18x | 27.3x | 3.8x |
| Fri, 02 Sep 2022 | ฿1.8t | ฿451.2b | ฿63.4b | 18.2x | 28.2x | 4x |
| Sun, 31 Jul 2022 | ฿1.7t | ฿407.6b | ฿70.1b | 14.3x | 24.7x | 4.2x |
| Tue, 28 Jun 2022 | ฿1.7t | ฿407.6b | ฿70.1b | 14.2x | 24.9x | 4.3x |
| Thu, 26 May 2022 | ฿1.7t | ฿407.6b | ฿70.1b | 13.6x | 24.6x | 4.2x |
| Sat, 23 Apr 2022 | ฿1.8t | ฿361.5b | ฿65.3b | 21.7x | 27.6x | 5x |
| Mon, 21 Mar 2022 | ฿1.8t | ฿361.5b | ฿65.3b | 21x | 27.7x | 5x |
| Wed, 16 Feb 2022 | ฿1.9t | ฿339.4b | ฿66.4b | 19.3x | 28.3x | 5.5x |
| Fri, 14 Jan 2022 | ฿1.9t | ฿333.5b | ฿66.8b | 19.1x | 28.3x | 5.7x |
| Sun, 12 Dec 2021 | ฿1.7t | ฿336.1b | ฿66.9b | 18.8x | 25.4x | 5.1x |
| Tue, 09 Nov 2021 | ฿1.7t | ฿328.2b | ฿67.6b | 19.4x | 24.5x | 5.1x |
| Thu, 07 Oct 2021 | ฿1.7t | ฿326.8b | ฿68.3b | 19.5x | 24.6x | 5.1x |
| Sat, 04 Sep 2021 | ฿1.7t | ฿326.8b | ฿68.3b | 19.7x | 25.4x | 5.3x |
| Mon, 02 Aug 2021 | ฿1.6t | ฿324.9b | ฿68.2b | 18.6x | 22.8x | 4.8x |
Price to Earnings Ratio
22.8x
Current Industry PE
- Investors are relatively neutral on the Thai Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 27.0x.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 2.1x.
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 16% 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 | -2.56% | |
| Utilities | -2.57% | |
| Other Utilities | 0% | |
| Water Utilities | -2.03% | |
| Renewable Energy | -2.55% | |
| Electric Utilities | -5.79% | |
| Gas Utilities | -6.89% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 28.6x.
- Analysts are expecting annual earnings growth of 18.5%, which is higher than its past year's earnings decline of 21.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 72% per year.
- In contrast, the Water Utilities industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| BGRIM B.Grimm Power | ฿22.10 | 1.4% +฿782.1m | -43.0% | PE51.7x | |
| ACE Absolute Clean Energy | ฿1.32 | 0.8% +฿100.8m | -30.2% | PE12.6x | |
| ETC Earth Tech Environment | ฿1.72 | 2.4% +฿89.6m | -41.9% | PE161x | |
| IFEC Inter Far East Energy Corporation | ฿0.05 | 150.0% +฿60.6m | n/a | PS0.3x | |
| ACC Advanced Connection Corporation | ฿0.42 | 5.0% +฿26.9m | -54.8% | PS3.4x |