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Thai (SET) Renewable Energy Industry Analysis

UpdatedFeb 27, 2024
DataAggregated Company Financials
Companies26
  • 7D1.5%
  • 3M-1.1%
  • 1Y-23.3%
  • YTD-1.9%

The Renewable Energy industry is up 2.2% in the last week, with Gulf Energy Development up 2.9%. During this same period, the B.Grimm Power underperformed, falling 6.0%. However, the industry is down 24% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Feb 2024฿1.3t฿509.7b฿55.0b17x23.1x2.5x
Fri, 26 Jan 2024฿1.2t฿528.8b฿54.5b15.1x22.7x2.3x
Sun, 24 Dec 2023฿1.3t฿528.6b฿54.6b15.2x23.1x2.4x
Tue, 21 Nov 2023฿1.3t฿528.6b฿54.6b15.5x23.8x2.5x
Thu, 19 Oct 2023฿1.2t฿551.6b฿52.0b14.4x23.7x2.2x
Sat, 16 Sep 2023฿1.4t฿551.6b฿52.0b14.1x26.5x2.5x
Mon, 14 Aug 2023฿1.4t฿556.9b฿49.7b14.6x28.8x2.6x
Wed, 12 Jul 2023฿1.4t฿554.6b฿48.7b13.6x27.9x2.5x
Fri, 09 Jun 2023฿1.5t฿554.6b฿48.7b14.4x30.4x2.7x
Sun, 07 May 2023฿1.6t฿543.1b฿50.1b14.6x31.1x2.9x
Tue, 04 Apr 2023฿1.7t฿543.1b฿50.1b15.2x33.1x3.1x
Thu, 02 Mar 2023฿1.6t฿532.9b฿53.8b15.6x30.3x3.1x
Sat, 28 Jan 2023฿1.8t฿489.1b฿56.3b17.6x31.2x3.6x
Mon, 26 Dec 2022฿1.8t฿484.7b฿56.0b17.8x31.5x3.6x
Wed, 23 Nov 2022฿1.7t฿484.7b฿56.0b18.7x30.8x3.6x
Fri, 21 Oct 2022฿1.7t฿421.9b฿56.8b17.8x29.3x4x
Sun, 18 Sep 2022฿1.7t฿421.9b฿56.8b18.5x30.6x4.1x
Tue, 16 Aug 2022฿1.7t฿413.8b฿56.6b18.5x30.2x4.1x
Thu, 14 Jul 2022฿1.6t฿379.2b฿62.5b16.2x26.1x4.3x
Sat, 11 Jun 2022฿1.7t฿379.2b฿62.5b17.5x26.5x4.4x
Mon, 09 May 2022฿1.6t฿333.8b฿58.1b20.5x27.7x4.8x
Wed, 06 Apr 2022฿1.7t฿333.8b฿58.1b22.3x30x5.2x
Fri, 04 Mar 2022฿1.7t฿335.8b฿58.1b22.7x30x5.2x
Sun, 30 Jan 2022฿1.7t฿306.6b฿59.2b20.4x29.4x5.7x
Tue, 28 Dec 2021฿1.7t฿306.1b฿59.4b19.3x29x5.6x
Thu, 25 Nov 2021฿1.6t฿306.1b฿59.4b20.1x27.4x5.3x
Sat, 23 Oct 2021฿1.6t฿297.1b฿61.7b20.9x25.6x5.3x
Mon, 20 Sep 2021฿1.6t฿297.1b฿61.7b22.1x25.2x5.2x
Wed, 18 Aug 2021฿1.5t฿295.1b฿61.5b18.7x24.7x5.1x
Wed, 02 Jun 2021฿1.5t฿289.2b฿61.8b20.2x23.6x5x
Sat, 06 Mar 2021฿1.5t฿293.2b฿56.3b20.4x25.8x4.9x
Price to Earnings Ratio

25.8x


Total Market Cap: ฿1.5tTotal Earnings: ฿56.3bTotal Revenue: ฿293.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Renewable Energy Industry Price to Earnings3Y Average 27.5x202220232024
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 23.1x which is lower than its 3-year average PE of 27.4x.
  • The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 2.5x.
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 20% 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 Market0.79%
Utilities1.48%
Renewable Energy1.50%
Renewable Energy1.64%
Independent Power Producers and Energy Traders1.45%
Industry PE
  • Investors are most optimistic about the Independent Power Producers and Energy Traders industry even though it's trading below its 3-year average PE ratio of 33.8x.
    • Analysts are expecting annual earnings growth of 19.2%, which is lower than the prior year's growth of 30.1% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 20.2x.
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 30% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 4.1% 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
TGE Thachang Green Energy฿3.329.2%
+฿616.0m
90.8%PE30.4x
CKP CK Power฿4.061.0%
+฿325.2m
-4.2%PE22.6x
ACE Absolute Clean Energy฿1.472.1%
+฿302.3m
-40.7%PE13.4x
SPCG SPCG฿12.401.6%
+฿211.2m
-15.1%PE7.1x
ETC Earth Tech Environment฿2.661.5%
+฿89.6m
-33.2%PE192.2x
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GUNKUL

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