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Thai (SET) Utilities Sector Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies32
  • 7D1.8%
  • 3M2.2%
  • 1Y4.6%
  • YTD-6.0%

The Utilities industry is up 1.8% in the last week, with Gulf Energy Development up 2.5%. This takes the industry's 12 month performance to a gain of 4.6%. As for the next few years, earnings are expected to grow by 27% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022฿1.8t฿514.9b฿61.4b17.8x29.6x3.5x
Thu, 27 Oct 2022฿1.8t฿451.2b฿63.4b16.7x28x3.9x
Sat, 24 Sep 2022฿1.8t฿451.2b฿63.4b17.2x28.8x4x
Mon, 22 Aug 2022฿1.8t฿451.0b฿63.4b18.2x28x3.9x
Wed, 20 Jul 2022฿1.7t฿407.6b฿70.1b13.7x24.6x4.2x
Fri, 17 Jun 2022฿1.6t฿407.6b฿70.1b14.5x23.5x4x
Sun, 15 May 2022฿1.6t฿403.1b฿70.8b19.1x23.3x4.1x
Tue, 12 Apr 2022฿1.8t฿361.5b฿65.3b21.3x27.2x4.9x
Thu, 10 Mar 2022฿1.7t฿361.5b฿65.3b21x26.7x4.8x
Sat, 05 Feb 2022฿1.9t฿333.9b฿66.7b20x28.3x5.6x
Mon, 03 Jan 2022฿1.9t฿336.1b฿66.9b19x27.8x5.5x
Wed, 01 Dec 2021฿1.7t฿336.1b฿66.9b18.3x24.9x5x
Fri, 29 Oct 2021฿1.7t฿326.8b฿68.3b19.4x25.1x5.3x
Sun, 26 Sep 2021฿1.7t฿326.8b฿68.3b19.7x24.4x5.1x
Tue, 24 Aug 2021฿1.6t฿324.9b฿68.2b19.1x23.7x5x
Wed, 30 Jun 2021฿1.6t฿324.9b฿68.2b18.9x22.9x4.8x
Sat, 03 Apr 2021฿1.6t฿318.7b฿69.2b20.6x22.9x5x
Tue, 05 Jan 2021฿1.5t฿323.2b฿62.4b19.6x24x4.6x
Fri, 09 Oct 2020฿1.3t฿327.1b฿59.8b14.5x22x4x
Thu, 02 Jul 2020฿1.5t฿331.0b฿58.5b17.6x25.7x4.5x
Sun, 05 Apr 2020฿1.2t฿334.9b฿58.1b13.2x20.8x3.6x
Wed, 08 Jan 2020฿1.6t฿322.8b฿65.3b16.7x24.1x4.9x
Price to Earnings Ratio

26.9x


Total Market Cap: ฿1.6tTotal Earnings: ฿58.9bTotal Revenue: ฿304.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Utilities Sector Price to Earnings3Y Average 24.9x202020212022
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 29.6x which is higher than its 3-year average PE of 24.9x.
  • The 3-year average PS ratio of 4.6x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 19% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Thai Utilities sector?

TH Market0.16%
Utilities1.80%
Renewable Energy1.94%
Electric Utilities0.90%
Other Utilities0%
Water Utilities-1.09%
Gas Utilities-6.64%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 26.3x.
    • Analysts are expecting annual earnings growth of 28.1%, which is higher than its past year's earnings growth of 1.0% per year.
  • Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 15.6x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 1.0% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings decline by 4.4% 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
GULF Gulf Energy Development฿52.002.5%
+฿14.7b
30.0%PE67.4x
GPSC Global Power Synergy฿69.253.0%
+฿5.6b
-7.0%PE78.2x
GUNKUL Gunkul Engineering฿5.354.9%
+฿2.2b
12.4%PE14.3x
BGRIM B.Grimm Power฿37.502.0%
+฿2.0b
-6.8%PS1.6x
RATCH Ratch Group฿41.001.9%
+฿1.6b
-6.3%PE10.9x
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Latest News

CKP

฿4.82

CK Power

7D

-2.8%

1Y

-4.6%

GPSC

฿69.25

Global Power Synergy

7D

3.0%

1Y

-7.0%

UPA

฿0.19

United Power of Asia

7D

-5.0%

1Y

-44.1%

SCN

฿2.20

Scan Inter

7D

-7.6%

1Y

7.8%

NOVA

฿11.10

Nova Empire

7D

-5.9%

1Y

12.1%

EP

฿4.26

Eastern Power Group

7D

-3.2%

1Y

-22.5%

WHAUP

฿3.96

WHA Utilities and Power

7D

-1.0%

1Y

-3.9%

GULF

฿52.00

Gulf Energy Development

7D

2.5%

1Y

30.0%

GUNKUL

฿5.35

Gunkul Engineering

7D

4.9%

1Y

12.4%

BGRIM

฿37.50

B.Grimm Power

7D

2.0%

1Y

-6.8%

TTW

฿8.70

TTW

7D

-1.1%

1Y

-23.7%

SSP

฿9.80

Sermsang Power Corporation

7D

-2.0%

1Y

-12.4%

RATCH

฿41.00

Ratch Group

7D

1.9%

1Y

-6.3%

ETC

฿3.60

Earth Tech Environment

7D

13.2%

1Y

30.4%

EGCO

฿171.00

Electricity Generating

7D

1.2%

1Y

0.9%

BCPG

฿10.00

BCPG

7D

2.0%

1Y

-20.6%