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Thai (SET) Utilities Sector Analysis
UpdatedDec 13, 2024
DataAggregated Company Financials
Companies33
- 7D-1.8%
- 3M2.1%
- 1Y-0.1%
- YTD-3.4%
Over the last 7 days, the Utilities industry has remained flat, although notably Banpu Power declined by 3.2%. The past year has been better, since the industry has gained 3.3% in that time. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Fri, 13 Dec 2024 | ฿1.3t | ฿492.5b | ฿39.9b | 14.4x | 33.1x | 2.7x |
| Sun, 10 Nov 2024 | ฿1.4t | ฿501.9b | ฿36.9b | 13.5x | 36.7x | 2.7x |
| Tue, 08 Oct 2024 | ฿1.3t | ฿501.8b | ฿38.0b | 13.1x | 35.4x | 2.7x |
| Thu, 05 Sep 2024 | ฿1.2t | ฿501.8b | ฿38.0b | 12.9x | 31.4x | 2.4x |
| Sat, 03 Aug 2024 | ฿1.1t | ฿509.0b | ฿37.3b | 12.4x | 30.1x | 2.2x |
| Mon, 01 Jul 2024 | ฿1.1t | ฿509.0b | ฿37.3b | 13x | 28.7x | 2.1x |
| Wed, 29 May 2024 | ฿1.2t | ฿506.0b | ฿38.8b | 14.2x | 30.6x | 2.3x |
| Fri, 26 Apr 2024 | ฿1.2t | ฿520.9b | ฿42.7b | 14.9x | 28.5x | 2.3x |
| Sun, 24 Mar 2024 | ฿1.3t | ฿520.9b | ฿42.7b | 15.5x | 30.7x | 2.5x |
| Tue, 20 Feb 2024 | ฿1.3t | ฿549.2b | ฿60.5b | 14.3x | 21.9x | 2.4x |
| Thu, 18 Jan 2024 | ฿1.3t | ฿564.3b | ฿60.2b | 14.3x | 22.1x | 2.4x |
| Sat, 16 Dec 2023 | ฿1.4t | ฿564.2b | ฿60.3b | 13.4x | 22.5x | 2.4x |
| Mon, 13 Nov 2023 | ฿1.3t | ฿573.8b | ฿59.5b | 13x | 22x | 2.3x |
| Wed, 11 Oct 2023 | ฿1.3t | ฿586.3b | ฿57.1b | 14.1x | 22.9x | 2.2x |
| Fri, 08 Sep 2023 | ฿1.5t | ฿586.3b | ฿57.1b | 14.6x | 26x | 2.5x |
| Sun, 06 Aug 2023 | ฿1.5t | ฿582.9b | ฿53.2b | 12.7x | 28.3x | 2.6x |
| Tue, 04 Jul 2023 | ฿1.5t | ฿588.0b | ฿53.4b | 13.5x | 27.6x | 2.5x |
| Thu, 01 Jun 2023 | ฿1.6t | ฿588.0b | ฿53.4b | 14.1x | 29.3x | 2.7x |
| Sat, 29 Apr 2023 | ฿1.6t | ฿575.0b | ฿55.7b | 13.1x | 29.4x | 2.8x |
| Mon, 27 Mar 2023 | ฿1.7t | ฿575.0b | ฿55.7b | 13.7x | 31.2x | 3x |
| Wed, 22 Feb 2023 | ฿1.8t | ฿519.3b | ฿61.7b | 16.4x | 29.3x | 3.5x |
| Fri, 20 Jan 2023 | ฿1.9t | ฿520.1b | ฿61.8b | 17.3x | 30.3x | 3.6x |
| Sun, 18 Dec 2022 | ฿1.9t | ฿515.7b | ฿61.5b | 17.6x | 30.4x | 3.6x |
| Tue, 15 Nov 2022 | ฿1.8t | ฿479.8b | ฿64.3b | 15.1x | 28.3x | 3.8x |
| Thu, 13 Oct 2022 | ฿1.7t | ฿451.2b | ฿63.4b | 16.1x | 26.6x | 3.7x |
| Sat, 10 Sep 2022 | ฿1.9t | ฿451.2b | ฿63.4b | 18.6x | 29.6x | 4.2x |
| Mon, 08 Aug 2022 | ฿1.8t | ฿407.6b | ฿70.1b | 14.6x | 25x | 4.3x |
| Wed, 06 Jul 2022 | ฿1.7t | ฿407.6b | ฿70.1b | 13.6x | 24x | 4.1x |
| Fri, 03 Jun 2022 | ฿1.8t | ฿407.6b | ฿70.1b | 13.6x | 25.3x | 4.3x |
| Sun, 01 May 2022 | ฿1.8t | ฿361.5b | ฿65.3b | 21.3x | 27.1x | 4.9x |
| Tue, 29 Mar 2022 | ฿1.8t | ฿361.5b | ฿65.3b | 20.8x | 27.8x | 5x |
| Thu, 24 Feb 2022 | ฿1.9t | ฿346.6b | ฿67.3b | 19.4x | 27.8x | 5.4x |
| Sat, 22 Jan 2022 | ฿1.9t | ฿333.5b | ฿66.8b | 19x | 28.1x | 5.6x |
| Mon, 20 Dec 2021 | ฿1.8t | ฿336.1b | ฿66.9b | 18.6x | 26.7x | 5.3x |
Price to Earnings Ratio
26.7x
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 33.6x which is higher than its 3-year average PE of 28.1x.
- 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 16% 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 | -0.76% | |
| Utilities | -1.79% | |
| Other Utilities | 0% | |
| Water Utilities | -1.47% | |
| Renewable Energy | -1.79% | |
| Gas Utilities | -1.87% | |
| Electric Utilities | -3.10% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 30.1x.
- Analysts are expecting annual earnings growth of 18.4%, which is higher than its past year's earnings decline of 3.8% 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 3.8% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings decline by 15% 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 | |
|---|---|---|---|---|---|
| TGE Thachang Green Energy | ฿2.36 | 0.9% +฿44.0m | 15.7% | PE21.1x | |
| PRIME Prime Road Power | ฿0.23 | 4.5% +฿42.5m | -60.3% | PS0.7x |