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- 7D3.3%
- 3M9.9%
- 1Y46.3%
- YTD36.7%
The Renewable Energy is pretty flat in the last 7 days, but Gulf Development has stood out, gaining 4.1%. As for the the longer term, the industry is up 45% over the past 12 months. In the next few years, earnings are forecast to decline by 18% 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 |
|---|---|---|---|---|---|---|
| Fri, 03 Jul 2026 | ฿1.4t | ฿431.4b | ฿117.6b | 10.8x | 12.2x | 3.3x |
| Sun, 31 May 2026 | ฿1.4t | ฿431.4b | ฿117.6b | 11.2x | 11.9x | 3.2x |
| Tue, 28 Apr 2026 | ฿1.3t | ฿429.5b | ฿109.7b | 12.4x | 11.7x | 3x |
| Thu, 26 Mar 2026 | ฿1.3t | ฿429.5b | ฿109.7b | 12.3x | 11.6x | 3x |
| Sat, 21 Feb 2026 | ฿1.4t | ฿429.7b | ฿109.8b | 13.9x | 12.6x | 3.2x |
| Mon, 19 Jan 2026 | ฿1.1t | ฿396.8b | ฿94.0b | 13.5x | 11.9x | 2.8x |
| Wed, 17 Dec 2025 | ฿1.1t | ฿396.8b | ฿94.0b | 13.2x | 11.3x | 2.7x |
| Fri, 14 Nov 2025 | ฿1.1t | ฿407.2b | ฿98.1b | 14.4x | 11x | 2.6x |
| Sun, 12 Oct 2025 | ฿1.1t | ฿440.1b | ฿101.2b | 10.9x | 11.3x | 2.6x |
| Tue, 09 Sep 2025 | ฿1.1t | ฿440.7b | ฿100.2b | 10.1x | 11.1x | 2.5x |
| Thu, 07 Aug 2025 | ฿1.1t | ฿439.9b | ฿44.2b | 13.3x | 25.3x | 2.5x |
| Sat, 05 Jul 2025 | ฿986.9b | ฿439.9b | ฿44.2b | 12.5x | 22.3x | 2.2x |
| Mon, 02 Jun 2025 | ฿1.1t | ฿439.3b | ฿45.2b | 12.1x | 23.6x | 2.4x |
| Wed, 30 Apr 2025 | ฿1.1t | ฿452.0b | ฿40.8b | 12.1x | 26.9x | 2.4x |
| Fri, 28 Mar 2025 | ฿963.4b | ฿452.0b | ฿40.8b | 12.3x | 23.6x | 2.1x |
| Sun, 23 Feb 2025 | ฿1.0t | ฿460.6b | ฿32.0b | 12.8x | 31.9x | 2.2x |
| 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 |
Price to Earnings Ratio
28x
Current Industry PE
- Investors are pessimistic on the Thai Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.0x which is lower than its 3-year average PE of 24.2x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 34% per year over the last three years.
- Meanwhile revenues for these companies have declined 8.0% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Thai Utilities industry?
| TH Market | 2.22% | |
| Utilities | 3.26% | |
| Renewable Energy | 3.30% | |
| Independent Power Producers and Energy Traders | 3.49% | |
| Renewable Energy | 1.77% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 20.0x.
- Analysts are expecting annual earnings growth of 2.1%, which is higher than its past year's earnings decline of 2.8% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 29.3x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 2.1% over the next 5 years.
- This is better than its past earnings decline of 2.8% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings decline by 20% 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 Development | ฿63.50 | 6.3% +฿56.0b | 54.9% | PE10.6x | |
| GPSC Global Power Synergy | ฿46.75 | 6.3% +฿7.8b | 58.5% | PE18.9x | |
| RATCH Ratch Group | ฿34.00 | 10.6% +฿7.1b | 37.1% | PE11.9x | |
| EGCO Electricity Generating | ฿123.00 | 3.4% +฿2.1b | 20.6% | PE32x | |
| BPP Banpu Power | ฿11.40 | 3.6% +฿1.2b | 68.9% | PE4.2x |