Thai (SET) Renewable Energy Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies19
- 7D-8.0%
- 3M-43.4%
- 1Y-62.0%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has dropped 17%, driven by a pullback from Energy Absolute of 59%. However, the industry is down 57% over the past year. Looking forward, earnings are forecast to grow by 1.7% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ฿160.8b | ฿93.4b | ฿13.4b | 12.6x | 12x | 1.7x |
| Sun, 23 Jun 2024 | ฿228.3b | ฿93.4b | ฿13.4b | 12.6x | 17.1x | 2.4x |
| Tue, 21 May 2024 | ฿268.4b | ฿93.1b | ฿13.2b | 15.8x | 20.4x | 2.9x |
| Thu, 18 Apr 2024 | ฿298.1b | ฿96.8b | ฿16.4b | 15.3x | 18.2x | 3.1x |
| Sat, 16 Mar 2024 | ฿313.0b | ฿96.8b | ฿16.4b | 17x | 19.1x | 3.2x |
| Mon, 12 Feb 2024 | ฿339.7b | ฿102.4b | ฿21.0b | 14.7x | 16.2x | 3.3x |
| Wed, 10 Jan 2024 | ฿347.9b | ฿102.4b | ฿21.0b | 15x | 16.6x | 3.4x |
| Fri, 08 Dec 2023 | ฿341.6b | ฿102.3b | ฿21.1b | 14.1x | 16.2x | 3.3x |
| Sun, 05 Nov 2023 | ฿353.1b | ฿103.5b | ฿24.5b | 13.1x | 14.4x | 3.4x |
| Tue, 03 Oct 2023 | ฿378.3b | ฿103.5b | ฿24.5b | 13.7x | 15.5x | 3.7x |
| Thu, 31 Aug 2023 | ฿447.4b | ฿103.5b | ฿24.5b | 13.7x | 18.3x | 4.3x |
| Sat, 29 Jul 2023 | ฿422.8b | ฿100.3b | ฿25.4b | 12.4x | 16.7x | 4.2x |
| Mon, 26 Jun 2023 | ฿416.9b | ฿105.5b | ฿25.6b | 12.6x | 16.3x | 4x |
| Wed, 24 May 2023 | ฿455.6b | ฿103.4b | ฿25.7b | 12.9x | 17.7x | 4.4x |
| Fri, 21 Apr 2023 | ฿499.7b | ฿100.0b | ฿25.7b | 13.5x | 19.4x | 5x |
| Sun, 19 Mar 2023 | ฿491.5b | ฿99.9b | ฿27.0b | 13x | 18.2x | 4.9x |
| Tue, 14 Feb 2023 | ฿572.2b | ฿92.1b | ฿27.5b | 16x | 20.8x | 6.2x |
| Thu, 12 Jan 2023 | ฿594.9b | ฿87.7b | ฿27.2b | 17.8x | 21.8x | 6.8x |
| Sat, 10 Dec 2022 | ฿616.2b | ฿87.7b | ฿27.2b | 18.3x | 22.6x | 7x |
| Mon, 07 Nov 2022 | ฿617.7b | ฿85.1b | ฿25.9b | 17.9x | 23.8x | 7.3x |
| Wed, 05 Oct 2022 | ฿571.5b | ฿85.2b | ฿26.0b | 18.2x | 22x | 6.7x |
| Fri, 02 Sep 2022 | ฿572.6b | ฿85.2b | ฿26.0b | 18.4x | 22x | 6.7x |
| Sun, 31 Jul 2022 | ฿560.7b | ฿83.2b | ฿26.3b | 16.7x | 21.4x | 6.7x |
| Tue, 28 Jun 2022 | ฿581.6b | ฿83.2b | ฿26.3b | 17.1x | 22.1x | 7x |
| Thu, 26 May 2022 | ฿602.4b | ฿83.2b | ฿26.3b | 16.4x | 22.9x | 7.2x |
| Sat, 23 Apr 2022 | ฿625.3b | ฿81.5b | ฿26.1b | 20.1x | 24x | 7.7x |
| Mon, 21 Mar 2022 | ฿618.4b | ฿81.5b | ฿26.1b | 19.9x | 23.7x | 7.6x |
| Wed, 16 Feb 2022 | ฿654.4b | ฿78.5b | ฿26.1b | 19.9x | 25.1x | 8.3x |
| Fri, 14 Jan 2022 | ฿652.6b | ฿78.1b | ฿26.2b | 19.7x | 24.9x | 8.4x |
| Sun, 12 Dec 2021 | ฿593.9b | ฿78.1b | ฿26.2b | 18.8x | 22.7x | 7.6x |
| Tue, 09 Nov 2021 | ฿527.3b | ฿76.6b | ฿26.7b | 17.7x | 19.8x | 6.9x |
| Thu, 07 Oct 2021 | ฿518.2b | ฿76.6b | ฿26.7b | 17.9x | 19.4x | 6.8x |
| Sat, 04 Sep 2021 | ฿548.5b | ฿76.6b | ฿26.7b | 19.1x | 20.6x | 7.2x |
| Mon, 02 Aug 2021 | ฿517.7b | ฿74.7b | ฿26.5b | 18x | 19.5x | 6.9x |
Price to Earnings Ratio
19.5x
Current Industry PE
- Investors are pessimistic on the Thai Renewable Electricity 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 13.0x which is lower than its 3-year average PE of 19.8x.
- The 3-year average PS ratio of 5.5x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have declined 20% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.8% 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 | -2.56% | |
| Utilities | -2.57% | |
| Renewable Energy | -2.55% | |
| Renewable Energy | -7.99% | |
| Independent Power Producers and Energy Traders | -1.44% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ACE Absolute Clean Energy | ฿1.32 | 0.8% +฿100.8m | -30.2% | PE12.6x | |
| ETC Earth Tech Environment | ฿1.72 | 2.4% +฿89.6m | -41.9% | PE161x | |
| IFEC Inter Far East Energy Corporation | ฿0.05 | 150.0% +฿60.6m | n/a | PS0.3x | |
| ACC Advanced Connection Corporation | ฿0.42 | 5.0% +฿26.9m | -54.8% | PS3.4x |