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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Jan 2023 | ฿1.8t | ฿489.1b | ฿56.3b | 17.6x | 31.2x | 3.6x |
| Wed, 28 Dec 2022 | ฿1.8t | ฿484.7b | ฿56.0b | 18.1x | 31.9x | 3.7x |
| Fri, 25 Nov 2022 | ฿1.8t | ฿484.7b | ฿56.0b | 18.4x | 31.3x | 3.6x |
| Sun, 23 Oct 2022 | ฿1.7t | ฿421.9b | ฿56.8b | 17.6x | 29.5x | 4x |
| Tue, 20 Sep 2022 | ฿1.7t | ฿421.9b | ฿56.8b | 18.8x | 30.7x | 4.1x |
| Thu, 18 Aug 2022 | ฿1.7t | ฿421.0b | ฿56.6b | 18.3x | 30x | 4x |
| Sat, 16 Jul 2022 | ฿1.6t | ฿379.2b | ฿62.5b | 15.9x | 26.2x | 4.3x |
| Mon, 13 Jun 2022 | ฿1.7t | ฿379.2b | ฿62.5b | 17.5x | 26.5x | 4.4x |
| Wed, 11 May 2022 | ฿1.6t | ฿333.8b | ฿58.1b | 20.5x | 27.2x | 4.7x |
| Fri, 08 Apr 2022 | ฿1.7t | ฿333.8b | ฿58.1b | 21.8x | 29.3x | 5.1x |
| Sun, 06 Mar 2022 | ฿1.7t | ฿335.8b | ฿58.1b | 22.6x | 29.6x | 5.1x |
| Tue, 01 Feb 2022 | ฿1.7t | ฿306.6b | ฿59.2b | 20.5x | 29.3x | 5.7x |
| Thu, 30 Dec 2021 | ฿1.7t | ฿306.1b | ฿59.4b | 19.2x | 29.2x | 5.7x |
| Sat, 27 Nov 2021 | ฿1.6t | ฿306.1b | ฿59.4b | 19.4x | 26.8x | 5.2x |
| Mon, 25 Oct 2021 | ฿1.6t | ฿297.1b | ฿61.7b | 20.9x | 25.6x | 5.3x |
| Wed, 22 Sep 2021 | ฿1.6t | ฿297.1b | ฿61.7b | 22.2x | 25.2x | 5.2x |
| Fri, 20 Aug 2021 | ฿1.5t | ฿295.1b | ฿61.5b | 18.6x | 24.6x | 5.1x |
| Fri, 04 Jun 2021 | ฿1.5t | ฿289.2b | ฿61.8b | 20.2x | 23.6x | 5x |
| Mon, 08 Mar 2021 | ฿1.5t | ฿293.2b | ฿56.3b | 20.4x | 25.8x | 4.9x |
| Thu, 10 Dec 2020 | ฿1.4t | ฿297.1b | ฿53.8b | 16.3x | 26.2x | 4.7x |
| Wed, 02 Sep 2020 | ฿1.3t | ฿300.7b | ฿51.8b | 17.3x | 24.7x | 4.3x |
| Sat, 06 Jun 2020 | ฿1.4t | ฿303.2b | ฿51.4b | 18.3x | 28x | 4.7x |
| Tue, 10 Mar 2020 | ฿1.3t | ฿290.7b | ฿56.9b | 13.1x | 22.1x | 4.3x |
Price to Earnings Ratio
26.3x
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 Market | 0.27% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GULF Gulf Energy Development | ฿54.25 | 0.5% +฿2.9b | 10.7% | PE70.3x | |
| BPP Banpu Power | ฿17.40 | 3.0% +฿1.5b | 4.2% | PE8.4x | |
| ETC Earth Tech Environment | ฿4.40 | 9.5% +฿851.2m | 59.4% | PE54.9x | |
| TPIPP TPI Polene Power | ฿3.46 | 0.6% +฿168.0m | -16.4% | PE8.9x | |
| TPCH TPC Power Holding | ฿7.75 | 4.0% +฿120.4m | -33.2% | PE24.4x |