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Thai (SET) Renewable Energy Industry Analysis

UpdatedMar 26, 2024
DataAggregated Company Financials
Companies18
  • 7D-1.7%
  • 3M-11.5%
  • 1Y-39.6%
  • YTDn/a

Over the last 7 days, the Renewable Energy industry has dropped 1.0%, driven by a pullback from Energy Absolute of 1.4%. The industry has fallen 39% in the last year. Looking forward, earnings are forecast to grow by 3.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Mar 2024฿306.8b฿96.8b฿16.4b16.5x18.8x3.2x
Thu, 22 Feb 2024฿332.8b฿102.8b฿20.9b15x15.9x3.2x
Sat, 20 Jan 2024฿336.6b฿102.4b฿21.0b14.9x16x3.3x
Mon, 18 Dec 2023฿345.6b฿102.3b฿21.1b14x16.4x3.4x
Wed, 15 Nov 2023฿329.6b฿101.7b฿22.0b13.4x15x3.2x
Fri, 13 Oct 2023฿361.7b฿103.5b฿24.5b13.1x14.8x3.5x
Sun, 10 Sep 2023฿429.5b฿103.5b฿24.5b13.9x17.5x4.1x
Tue, 08 Aug 2023฿412.9b฿100.3b฿25.4b12.1x16.3x4.1x
Thu, 06 Jul 2023฿405.2b฿105.5b฿25.6b13x15.8x3.8x
Sat, 03 Jun 2023฿434.7b฿105.5b฿25.6b13x16.9x4.1x
Mon, 01 May 2023฿470.6b฿100.0b฿25.7b13.1x18.3x4.7x
Wed, 29 Mar 2023฿515.0b฿100.0b฿25.7b14x20x5.2x
Fri, 24 Feb 2023฿533.4b฿94.3b฿27.2b15.2x19.6x5.7x
Sun, 22 Jan 2023฿586.8b฿92.1b฿27.5b16.5x21.3x6.4x
Tue, 20 Dec 2022฿610.9b฿87.7b฿27.2b17.5x22.4x7x
Thu, 17 Nov 2022฿603.4b฿87.6b฿28.0b15.8x21.6x6.9x
Sat, 15 Oct 2022฿573.4b฿85.2b฿26.0b17.3x22x6.7x
Mon, 12 Sep 2022฿590.0b฿85.2b฿26.0b18.6x22.7x6.9x
Wed, 10 Aug 2022฿574.2b฿83.2b฿26.3b16.8x21.9x6.9x
Fri, 08 Jul 2022฿552.9b฿83.2b฿26.3b16x21.1x6.6x
Sun, 05 Jun 2022฿608.0b฿83.2b฿26.3b16.2x23.2x7.3x
Tue, 03 May 2022฿613.7b฿81.5b฿26.1b20.7x23.5x7.5x
Thu, 31 Mar 2022฿651.7b฿81.5b฿26.1b19.9x25x8x
Sat, 26 Feb 2022฿635.7b฿82.2b฿24.7b19.8x25.7x7.7x
Mon, 24 Jan 2022฿653.5b฿78.1b฿26.2b19.7x25x8.4x
Wed, 22 Dec 2021฿632.3b฿78.1b฿26.2b18.8x24.1x8.1x
Fri, 19 Nov 2021฿556.9b฿78.1b฿26.2b18.3x21.3x7.1x
Sun, 17 Oct 2021฿531.3b฿76.6b฿26.7b18.1x19.9x6.9x
Tue, 14 Sep 2021฿536.3b฿76.6b฿26.7b18.6x20.1x7x
Thu, 12 Aug 2021฿516.1b฿74.7b฿26.5b18.1x19.5x6.9x
Mon, 07 Jun 2021฿507.5b฿72.4b฿24.6b20x20.6x7x
Price to Earnings Ratio

21x


Total Market Cap: ฿517.4bTotal Earnings: ฿24.6bTotal Revenue: ฿72.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Renewable Energy Industry Price to Earnings3Y Average 20.1x202220232024
Current Industry PE
  • Investors are relatively neutral on the Thai Renewable Electricity 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 20.1x.
  • The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Renewable Electricity industry have declined 13% per year over the last three years.
  • Meanwhile revenues for these companies have grown 10% 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 Comparison

How does Thai Renewable Energy compare with similar industries?

TH Market-0.99%
Utilities-1.09%
Renewable Energy-1.18%
Renewable Energy-1.66%
Independent Power Producers and Energy Traders-1.02%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CKP CK Power฿4.062.0%
+฿650.4m
-1.5%PE22.6x
SSP Sermsang Power Corporation฿8.003.2%
+฿324.8m
-5.4%PE13x
ACC Advanced Connection Corporation฿0.5425.6%
+฿147.7m
-57.1%PS5.1x
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Latest News

ACC

฿0.54

Advanced Connection Corporation

7D

25.6%

1Y

-57.1%

SSP

฿8.00

Sermsang Power Corporation

7D

3.2%

1Y

-5.4%

GUNKUL

฿2.80

Gunkul Engineering

7D

-3.4%

1Y

-27.1%

ETC

฿2.78

Earth Tech Environment

7D

-6.7%

1Y

-33.8%

PRIME

฿0.55

Prime Road Power

7D

-6.8%

1Y

-61.3%

TGE

฿3.10

Thachang Green Energy

7D

-10.4%

1Y

59.0%

SPCG

฿11.70

SPCG

7D

-2.5%

1Y

-14.6%

ACE

฿1.43

Absolute Clean Energy

7D

-2.7%

1Y

-40.4%

EA

฿34.75

Energy Absolute

7D

-1.4%

1Y

-54.0%

BCPG

฿6.75

BCPG

7D

-4.9%

1Y

-32.2%

CKP

฿4.06

CK Power

7D

2.0%

1Y

-1.5%