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Thai (SET) Renewable Energy Industry Analysis

UpdatedApr 18, 2025
DataAggregated Company Financials
Companies27
  • 7D2.4%
  • 3M-13.8%
  • 1Y-52.1%
  • YTD-12.1%

In the last week, the Renewable Energy industry is up 2.4%, with Gulf Development up 3.9%. During this same period, the Prime Road Power underperformed, falling 43%. In the past year, the industry is down 52%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 18 Apr 2025฿1.1t฿452.0b฿40.8b12.1x26.2x2.4x
Sun, 16 Mar 2025฿940.6b฿452.0b฿40.8b12.2x23x2.1x
Tue, 11 Feb 2025฿1.1t฿458.2b฿32.4b13.6x32.7x2.3x
Thu, 09 Jan 2025฿1.1t฿458.2b฿32.4b14.6x35.3x2.5x
Sat, 07 Dec 2024฿1.3t฿458.2b฿32.4b15.9x39.9x2.8x
Mon, 04 Nov 2024฿1.3t฿468.1b฿31.7b15.9x41.5x2.8x
Wed, 02 Oct 2024฿1.3t฿468.1b฿31.7b17.1x40x2.7x
Fri, 30 Aug 2024฿1.1t฿468.1b฿31.7b14.8x34.9x2.4x
Sun, 28 Jul 2024฿1.0t฿475.4b฿31.7b13.6x32.8x2.2x
Tue, 25 Jun 2024฿1.0t฿475.4b฿31.7b17x32.7x2.2x
Thu, 23 May 2024฿1.1t฿472.2b฿33.1b16.4x33.8x2.4x
Sat, 20 Apr 2024฿1.1t฿485.7b฿36.8b15.3x31x2.4x
Mon, 18 Mar 2024฿1.2t฿485.7b฿36.8b17.3x33.8x2.6x
Wed, 14 Feb 2024฿1.3t฿512.9b฿55.5b15x22.7x2.5x
Fri, 12 Jan 2024฿1.3t฿528.8b฿54.5b15.5x23.4x2.4x
Sun, 10 Dec 2023฿1.3t฿528.6b฿54.6b14.7x23.1x2.4x
Tue, 07 Nov 2023฿1.2t฿551.6b฿52.0b14.7x24x2.3x
Thu, 05 Oct 2023฿1.3t฿551.6b฿52.0b15x24.8x2.3x
Sat, 02 Sep 2023฿1.4t฿551.6b฿52.0b14.6x27.5x2.6x
Mon, 31 Jul 2023฿1.5t฿549.4b฿48.4b13.1x30.4x2.7x
Wed, 28 Jun 2023฿1.3t฿554.6b฿48.7b13.6x27.5x2.4x
Fri, 26 May 2023฿1.5t฿554.6b฿48.7b14x30.7x2.7x
Sun, 23 Apr 2023฿1.6t฿543.1b฿50.1b15.4x31.8x2.9x
Tue, 21 Mar 2023฿1.6t฿543.0b฿51.4b14.2x31.1x3x
Thu, 16 Feb 2023฿1.7t฿489.1b฿56.3b16.7x31x3.6x
Sat, 14 Jan 2023฿1.8t฿484.7b฿56.0b18.6x31.9x3.7x
Mon, 12 Dec 2022฿1.8t฿484.7b฿56.0b18.3x31.8x3.7x
Wed, 09 Nov 2022฿1.7t฿421.8b฿56.8b18.2x30.2x4.1x
Fri, 07 Oct 2022฿1.6t฿421.9b฿56.8b18.2x28.8x3.9x
Sun, 04 Sep 2022฿1.7t฿421.9b฿56.8b18.5x30.1x4.1x
Tue, 02 Aug 2022฿1.7t฿379.2b฿62.5b17.3x26.5x4.4x
Thu, 30 Jun 2022฿1.6t฿379.2b฿62.5b17.3x26.2x4.3x
Sat, 28 May 2022฿1.6t฿379.2b฿62.5b16.1x26.4x4.3x
Mon, 25 Apr 2022฿1.7t฿333.8b฿58.1b21.8x29.4x5.1x
Price to Earnings Ratio

26.2x


Total Market Cap: ฿1.1tTotal Earnings: ฿40.8bTotal Revenue: ฿452.0bTotal Market Cap vs Earnings and Revenue-38%-30%+36%
Thai Renewable Energy Industry Price to Earnings3Y Average 30.2x202320242025
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 26.2x which is lower than its 3-year average PE of 30.2x.
  • The 3-year average PS ratio of 2.9x 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 11% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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?

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

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Latest News

GPSC

฿28.75

Global Power Synergy

7D

16.4%

1Y

-37.8%

EGCO

฿96.50

Electricity Generating

7D

3.8%

1Y

-11.9%

GULF

฿46.75

Gulf Development

7D

3.9%

1Y

n/a

BCPG

฿7.00

BCPG

7D

9.4%

1Y

12.0%

RATCH

฿25.75

Ratch Group

7D

3.4%

1Y

-4.6%

BGRIM

฿10.90

B.Grimm Power

7D

12.4%

1Y

-55.7%

TGE

฿1.43

Thachang Green Energy

7D

-1.4%

1Y

-52.6%

EA

฿2.16

Energy Absolute

7D

16.1%

1Y

-92.9%

PRIME

฿0.04

Prime Road Power

7D

-42.9%

1Y

-90.9%

EP

฿1.42

Eastern Power Group

7D

-0.7%

1Y

-46.2%

GREEN

฿0.74

Green Resources

7D

-1.3%

1Y

-26.7%

CKP

฿2.76

CK Power

7D

10.4%

1Y

-31.3%