Narrative Update • Jul 16
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- 7D-0.5%
- 3M14.6%
- 1Y35.4%
- YTD48.4%
Over the last 7 days, the Renewable Energy industry has remained flat, although notably Global Power Synergy declined by 3.9%. The past year has been better, since the industry has gained 35% in that time. Looking forward, earnings are forecast to grow by 8.7% 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 |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | ฿1.5t | ฿410.7b | ฿57.7b | 14x | 26.1x | 3.7x |
| Tue, 07 Jul 2026 | ฿1.5t | ฿431.4b | ฿117.6b | 11.5x | 12.6x | 3.4x |
| Thu, 04 Jun 2026 | ฿1.4t | ฿431.4b | ฿117.6b | 11.2x | 12.2x | 3.3x |
| Sat, 02 May 2026 | ฿1.3t | ฿429.5b | ฿109.7b | 12.5x | 11.8x | 3x |
| Mon, 30 Mar 2026 | ฿1.3t | ฿429.5b | ฿109.7b | 12.5x | 11.8x | 3x |
| Wed, 25 Feb 2026 | ฿1.4t | ฿429.0b | ฿109.2b | 14x | 13.1x | 3.3x |
| Fri, 23 Jan 2026 | ฿1.1t | ฿396.8b | ฿94.0b | 13.5x | 12.1x | 2.9x |
| Sun, 21 Dec 2025 | ฿1.0t | ฿396.8b | ฿94.0b | 12.8x | 11.1x | 2.6x |
| Tue, 18 Nov 2025 | ฿1.1t | ฿401.1b | ฿96.4b | 12.4x | 11.2x | 2.7x |
| Thu, 16 Oct 2025 | ฿1.1t | ฿439.6b | ฿101.2b | 11.5x | 11.2x | 2.6x |
| Sat, 13 Sep 2025 | ฿1.1t | ฿440.7b | ฿100.2b | 10.3x | 11.4x | 2.6x |
| Mon, 11 Aug 2025 | ฿1.1t | ฿441.9b | ฿102.0b | 9.9x | 11.2x | 2.6x |
| Wed, 09 Jul 2025 | ฿967.4b | ฿439.9b | ฿44.2b | 12.4x | 21.9x | 2.2x |
| Fri, 06 Jun 2025 | ฿1.1t | ฿439.9b | ฿44.2b | 12x | 23.9x | 2.4x |
| Sun, 04 May 2025 | ฿1.1t | ฿452.0b | ฿40.8b | 12.1x | 27.2x | 2.5x |
| Tue, 01 Apr 2025 | ฿946.9b | ฿452.0b | ฿40.8b | 11.8x | 23.2x | 2.1x |
| Thu, 27 Feb 2025 | ฿996.5b | ฿458.5b | ฿32.0b | 12.8x | 31.1x | 2.2x |
| Sat, 25 Jan 2025 | ฿1.1t | ฿458.2b | ฿32.4b | 14.6x | 35.4x | 2.5x |
| Mon, 23 Dec 2024 | ฿1.2t | ฿458.2b | ฿32.4b | 15.3x | 36.1x | 2.5x |
| Wed, 20 Nov 2024 | ฿1.2t | ฿459.4b | ฿30.7b | 14.7x | 40.6x | 2.7x |
| Fri, 18 Oct 2024 | ฿1.4t | ฿468.1b | ฿31.7b | 16.4x | 44x | 3x |
| Sun, 15 Sep 2024 | ฿1.2t | ฿464.7b | ฿31.3b | 16.1x | 38.9x | 2.6x |
| Tue, 13 Aug 2024 | ฿1.0t | ฿476.2b | ฿35.8b | 13.2x | 29.3x | 2.2x |
| Thu, 11 Jul 2024 | ฿1.0t | ฿475.4b | ฿31.7b | 16.7x | 32.4x | 2.2x |
| Sat, 08 Jun 2024 | ฿1.1t | ฿475.5b | ฿31.8b | 16.3x | 33.4x | 2.2x |
| Mon, 06 May 2024 | ฿1.2t | ฿485.7b | ฿36.8b | 15.2x | 31.3x | 2.4x |
| Wed, 03 Apr 2024 | ฿1.2t | ฿485.7b | ฿36.8b | 16.7x | 32.7x | 2.5x |
| Fri, 01 Mar 2024 | ฿1.2t | ฿489.1b | ฿40.6b | 17.2x | 29.6x | 2.5x |
| Sun, 28 Jan 2024 | ฿1.2t | ฿528.8b | ฿54.5b | 15.2x | 22.8x | 2.3x |
| Tue, 26 Dec 2023 | ฿1.3t | ฿528.6b | ฿54.6b | 15.4x | 23.1x | 2.4x |
| Thu, 23 Nov 2023 | ฿1.3t | ฿528.6b | ฿54.6b | 15.2x | 23.4x | 2.4x |
| Sat, 21 Oct 2023 | ฿1.2t | ฿551.6b | ฿52.0b | 13.9x | 22.7x | 2.1x |
| Mon, 18 Sep 2023 | ฿1.4t | ฿551.6b | ฿52.0b | 14.2x | 26.6x | 2.5x |
| Wed, 16 Aug 2023 | ฿1.4t | ฿556.8b | ฿49.6b | 14.4x | 28.3x | 2.5x |
Price to Earnings Ratio
28.3x
Current Industry PE
- Investors are relatively neutral on the Thai Renewable Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 23.7x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 5.6% per year over the last three years.
- Meanwhile revenues for these companies have declined 9.6% 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 | -0.73% | |
| Utilities | -0.38% | |
| Renewable Energy | -0.48% | |
| Renewable Energy | 0.59% | |
| Independent Power Producers and Energy Traders | -0.61% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 20.7x.
- Analysts are expecting annual earnings growth of 17.4%, which is higher than its past year's earnings growth of 1.4% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 28.3x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 1.4% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 8.0% 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 | |
|---|---|---|---|---|---|
| RATCH Ratch Group | ฿39.25 | 1.9% +฿1.6b | 46.7% | PE13.7x | |
| EA Energy Absolute | ฿3.06 | 4.8% +฿1.0b | 4.1% | PS1.8x | |
| GUNKUL Gunkul Engineering | ฿5.15 | 2.0% +฿860.2m | 181.4% | PE23.8x | |
| TPIPP TPI Polene Power | ฿1.82 | 1.1% +฿168.0m | -25.4% | PE11.5x | |
| SPCG SPCG | ฿9.30 | 1.1% +฿105.6m | 12.0% | PE27.8x |