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Thai (SET) Renewable Energy Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies27
- 7D-0.2%
- 3M-16.7%
- 1Y-9.7%
- YTD-1.7%
Over the last 7 days, the Renewable Energy industry has remained flat, although notably Global Power Synergy declined by 7.6%. As for the longer term, the industry has declined 11% in the last year. Earnings are forecast to grow by 17% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | ฿1.1t | ฿458.2b | ฿32.4b | 13.7x | 34.5x | 2.4x |
| Thu, 19 Dec 2024 | ฿1.2t | ฿458.2b | ฿32.4b | 15.6x | 37x | 2.6x |
| Sat, 16 Nov 2024 | ฿1.2t | ฿467.0b | ฿32.0b | 14.4x | 37.9x | 2.6x |
| Mon, 14 Oct 2024 | ฿1.3t | ฿468.1b | ฿31.7b | 16.4x | 42.1x | 2.8x |
| Wed, 11 Sep 2024 | ฿1.2t | ฿468.1b | ฿31.7b | 16.2x | 38.1x | 2.6x |
| Fri, 09 Aug 2024 | ฿1.1t | ฿478.4b | ฿32.7b | 12.5x | 32.1x | 2.2x |
| Sun, 07 Jul 2024 | ฿1.0t | ฿475.4b | ฿31.7b | 16.6x | 32x | 2.1x |
| Tue, 04 Jun 2024 | ฿1.1t | ฿481.1b | ฿31.5b | 16.3x | 34.5x | 2.3x |
| Thu, 02 May 2024 | ฿1.1t | ฿485.7b | ฿36.8b | 15.1x | 30.8x | 2.3x |
| Sat, 30 Mar 2024 | ฿1.2t | ฿485.7b | ฿36.8b | 16.7x | 32.9x | 2.5x |
| Mon, 26 Feb 2024 | ฿1.3t | ฿509.7b | ฿55.0b | 17x | 23.1x | 2.5x |
| Wed, 24 Jan 2024 | ฿1.2t | ฿528.8b | ฿54.5b | 14.9x | 22.4x | 2.3x |
| Fri, 22 Dec 2023 | ฿1.3t | ฿528.6b | ฿54.6b | 15.4x | 23.4x | 2.4x |
| Sun, 19 Nov 2023 | ฿1.3t | ฿528.2b | ฿55.0b | 15.4x | 23.5x | 2.4x |
| Tue, 17 Oct 2023 | ฿1.2t | ฿551.6b | ฿52.0b | 14.5x | 24x | 2.3x |
| Thu, 14 Sep 2023 | ฿1.4t | ฿551.6b | ฿52.0b | 14.2x | 26.4x | 2.5x |
| Sat, 12 Aug 2023 | ฿1.4t | ฿559.1b | ฿48.8b | 14.1x | 29.3x | 2.6x |
| Mon, 10 Jul 2023 | ฿1.4t | ฿554.6b | ฿48.7b | 13.6x | 28x | 2.5x |
| Wed, 07 Jun 2023 | ฿1.4t | ฿554.6b | ฿48.7b | 14x | 29.1x | 2.6x |
| Fri, 05 May 2023 | ฿1.6t | ฿543.1b | ฿50.1b | 14.6x | 31.1x | 2.9x |
| Sun, 02 Apr 2023 | ฿1.7t | ฿543.1b | ฿50.1b | 15.2x | 33x | 3x |
| Tue, 28 Feb 2023 | ฿1.7t | ฿523.4b | ฿56.2b | 16.2x | 29.5x | 3.2x |
| Thu, 26 Jan 2023 | ฿1.8t | ฿489.1b | ฿56.3b | 17.7x | 31.6x | 3.6x |
| Sat, 24 Dec 2022 | ฿1.8t | ฿484.7b | ฿56.0b | 17.8x | 31.5x | 3.6x |
| Mon, 21 Nov 2022 | ฿1.7t | ฿484.7b | ฿56.0b | 18.8x | 30.5x | 3.5x |
| Wed, 19 Oct 2022 | ฿1.7t | ฿421.9b | ฿56.8b | 17.6x | 29.2x | 3.9x |
| Fri, 16 Sep 2022 | ฿1.8t | ฿421.9b | ฿56.8b | 18.5x | 31.1x | 4.2x |
| Sun, 14 Aug 2022 | ฿1.7t | ฿413.1b | ฿57.5b | 18.6x | 29.7x | 4.1x |
| Tue, 12 Jul 2022 | ฿1.6t | ฿379.2b | ฿62.5b | 16.2x | 26.3x | 4.3x |
| Thu, 09 Jun 2022 | ฿1.6t | ฿379.2b | ฿62.5b | 16.1x | 26.2x | 4.3x |
| Sat, 07 May 2022 | ฿1.6t | ฿333.8b | ฿58.1b | 20.5x | 27.7x | 4.8x |
| Mon, 04 Apr 2022 | ฿1.8t | ฿333.8b | ฿58.1b | 21.8x | 30.3x | 5.3x |
| Wed, 02 Mar 2022 | ฿1.8t | ฿329.6b | ฿58.0b | 21.5x | 30.6x | 5.4x |
| Fri, 28 Jan 2022 | ฿1.7t | ฿306.6b | ฿59.2b | 20x | 29.5x | 5.7x |
Price to Earnings Ratio
29.5x
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 34.6x which is higher than its 3-year average PE of 30.4x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have declined 18% 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 industry?
| TH Market | -1.08% | |
| Utilities | -0.21% | |
| Renewable Energy | -0.17% | |
| Independent Power Producers and Energy Traders | 0.11% | |
| Renewable Energy | -2.02% | |
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 39.2x.
- Analysts are expecting annual earnings growth of 19.1%, which is lower than the prior year's growth of 27.3% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 18.9x.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 27% per year.
- In contrast, the Renewable Energy 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 | |
|---|---|---|---|---|---|
| GULF Gulf Energy Development | ฿59.50 | 2.1% +฿14.7b | 36.0% | PE36.7x | |
| GPSC Global Power Synergy | ฿33.00 | 3.9% +฿3.5b | -31.3% | PE26.3x | |
| EGCO Electricity Generating | ฿114.50 | 5.0% +฿2.9b | -10.5% | PS1.5x | |
| RATCH Ratch Group | ฿29.00 | 4.5% +฿2.7b | -3.3% | PE10.7x | |
| BCPG BCPG | ฿6.30 | 3.3% +฿599.2m | -21.7% | PE12.7x |