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Thai (SET) Renewable Energy Industry Analysis

UpdatedJan 30, 2023
DataAggregated Company Financials
Companies26
  • 7D-1.4%
  • 3M3.3%
  • 1Y-1.4%
  • YTD-2.7%

Over the last 7 days, the Renewable Energy industry has dropped 1.4%, driven by a pullback from Energy Absolute of 3.9%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 30% per annum.

Industry Valuation and Performance

Has the Thai Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Jan 2023฿1.8t฿489.1b฿56.3b17.6x31.2x3.6x
Wed, 28 Dec 2022฿1.8t฿484.7b฿56.0b18.1x31.9x3.7x
Fri, 25 Nov 2022฿1.8t฿484.7b฿56.0b18.4x31.3x3.6x
Sun, 23 Oct 2022฿1.7t฿421.9b฿56.8b17.6x29.5x4x
Tue, 20 Sep 2022฿1.7t฿421.9b฿56.8b18.8x30.7x4.1x
Thu, 18 Aug 2022฿1.7t฿421.0b฿56.6b18.3x30x4x
Sat, 16 Jul 2022฿1.6t฿379.2b฿62.5b15.9x26.2x4.3x
Mon, 13 Jun 2022฿1.7t฿379.2b฿62.5b17.5x26.5x4.4x
Wed, 11 May 2022฿1.6t฿333.8b฿58.1b20.5x27.2x4.7x
Fri, 08 Apr 2022฿1.7t฿333.8b฿58.1b21.8x29.3x5.1x
Sun, 06 Mar 2022฿1.7t฿335.8b฿58.1b22.6x29.6x5.1x
Tue, 01 Feb 2022฿1.7t฿306.6b฿59.2b20.5x29.3x5.7x
Thu, 30 Dec 2021฿1.7t฿306.1b฿59.4b19.2x29.2x5.7x
Sat, 27 Nov 2021฿1.6t฿306.1b฿59.4b19.4x26.8x5.2x
Mon, 25 Oct 2021฿1.6t฿297.1b฿61.7b20.9x25.6x5.3x
Wed, 22 Sep 2021฿1.6t฿297.1b฿61.7b22.2x25.2x5.2x
Fri, 20 Aug 2021฿1.5t฿295.1b฿61.5b18.6x24.6x5.1x
Fri, 04 Jun 2021฿1.5t฿289.2b฿61.8b20.2x23.6x5x
Mon, 08 Mar 2021฿1.5t฿293.2b฿56.3b20.4x25.8x4.9x
Thu, 10 Dec 2020฿1.4t฿297.1b฿53.8b16.3x26.2x4.7x
Wed, 02 Sep 2020฿1.3t฿300.7b฿51.8b17.3x24.7x4.3x
Sat, 06 Jun 2020฿1.4t฿303.2b฿51.4b18.3x28x4.7x
Tue, 10 Mar 2020฿1.3t฿290.7b฿56.9b13.1x22.1x4.3x
Price to Earnings Ratio

26.3x


Total Market Cap: ฿1.5tTotal Earnings: ฿56.9bTotal Revenue: ฿290.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Renewable Energy Industry Price to Earnings3Y Average 26.5x202120222023
Current Industry PE
  • Investors are optimistic on the Thai Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 31.2x which is higher than its 3-year average PE of 26.5x.
  • The 3-year average PS ratio of 4.7x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy 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 industry?

TH Market0.27%
Utilities-1.38%
Renewable Energy-1.41%
Independent Power Producers and Energy Traders-0.78%
Renewable Energy-2.68%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 32.0x.
    • Analysts are expecting annual earnings growth of 39.2%, which is higher than its past year's earnings growth of 4.7% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading close to its 3-year average of 19.8x.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings growth rate of 4.7% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 5.9% 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฿54.250.5%
+฿2.9b
10.7%PE70.3x
BPP Banpu Power฿17.403.0%
+฿1.5b
4.2%PE8.4x
ETC Earth Tech Environment฿4.409.5%
+฿851.2m
59.4%PE54.9x
TPIPP TPI Polene Power฿3.460.6%
+฿168.0m
-16.4%PE8.9x
TPCH TPC Power Holding฿7.754.0%
+฿120.4m
-33.2%PE24.4x
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Latest News

TPIPP

฿3.46

TPI Polene Power

7D

0.6%

1Y

-16.4%

GPSC

฿69.75

Global Power Synergy

7D

-4.8%

1Y

-10.9%

BCPG

฿9.90

BCPG

7D

-2.0%

1Y

-16.8%

GULF

฿54.25

Gulf Energy Development

7D

0.5%

1Y

10.7%

TGE

฿1.86

Thachang Green Energy

7D

1.6%

1Y

n/a

NOVA

฿11.20

Nova Empire

7D

2.8%

1Y

12.0%

GUNKUL

฿5.00

Gunkul Engineering

7D

-2.0%

1Y

-29.1%

CKP

฿4.54

CK Power

7D

-2.2%

1Y

-11.8%

EA

฿85.75

Energy Absolute

7D

-3.9%

1Y

-5.0%

CV

฿1.92

Clover Power

7D

4.9%

1Y

-36.4%

BPP

฿17.40

Banpu Power

7D

3.0%

1Y

4.2%

BGRIM

฿40.50

B.Grimm Power

7D

-3.0%

1Y

15.7%

TPCH

฿7.75

TPC Power Holding

7D

4.0%

1Y

-33.2%

RATCH

฿43.25

Ratch Group

7D

-0.6%

1Y

-2.8%

ETC

฿4.40

Earth Tech Environment

7D

9.5%

1Y

59.4%

ACE

฿2.56

Absolute Clean Energy

7D

-3.0%

1Y

-21.5%