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Thai (SET) Market Analysis & Valuation
UpdatedSep 29, 2024
DataAggregated Company Financials
Companies895
- 7D-0.1%
- 3M11.3%
- 1Y-1.8%
- YTD0.6%
The market has been flat over the last week. As for the longer term, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 15% per annum.
Market Valuation and Performance
Has the Thai Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 29 Sep 2024 | ฿18.2t | ฿17.6t | ฿1.0t | 15.5x | 18.1x | 1x |
| Tue, 27 Aug 2024 | ฿17.1t | ฿17.7t | ฿1.0t | 14.4x | 17x | 1x |
| Thu, 25 Jul 2024 | ฿16.3t | ฿17.4t | ฿972.8b | 14.5x | 16.7x | 0.9x |
| Sat, 22 Jun 2024 | ฿16.4t | ฿17.4t | ฿972.6b | 15x | 16.9x | 0.9x |
| Mon, 20 May 2024 | ฿17.4t | ฿17.4t | ฿979.2b | 16.1x | 17.7x | 1x |
| Wed, 17 Apr 2024 | ฿17.5t | ฿17.2t | ฿970.8b | 16.3x | 18x | 1x |
| Fri, 15 Mar 2024 | ฿17.5t | ฿17.2t | ฿966.3b | 16.7x | 18.1x | 1x |
| Sun, 11 Feb 2024 | ฿17.3t | ฿17.1t | ฿954.9b | 16.2x | 18.1x | 1x |
| Tue, 09 Jan 2024 | ฿17.7t | ฿17.1t | ฿930.1b | 16.8x | 19x | 1x |
| Thu, 07 Dec 2023 | ฿17.3t | ฿17.1t | ฿930.8b | 15.9x | 18.6x | 1x |
| Sat, 04 Nov 2023 | ฿17.7t | ฿17.3t | ฿875.2b | 16.7x | 20.2x | 1x |
| Mon, 02 Oct 2023 | ฿18.3t | ฿17.4t | ฿874.0b | 17.2x | 20.9x | 1.1x |
| Wed, 30 Aug 2023 | ฿19.4t | ฿17.3t | ฿868.2b | 17.9x | 22.4x | 1.1x |
| Fri, 28 Jul 2023 | ฿19.1t | ฿17.7t | ฿1.0t | 16.3x | 19x | 1.1x |
| Sun, 25 Jun 2023 | ฿18.6t | ฿17.7t | ฿1.0t | 16.6x | 18.6x | 1.1x |
| Tue, 23 May 2023 | ฿18.7t | ฿17.7t | ฿1.0t | 16.4x | 18.6x | 1.1x |
| Thu, 20 Apr 2023 | ฿19.6t | ฿17.6t | ฿994.8b | 17.1x | 19.7x | 1.1x |
| Sat, 18 Mar 2023 | ฿19.3t | ฿17.6t | ฿994.7b | 16.8x | 19.4x | 1.1x |
| Mon, 13 Feb 2023 | ฿20.6t | ฿17.1t | ฿1.1t | 18.2x | 19.2x | 1.2x |
| Wed, 11 Jan 2023 | ฿20.9t | ฿17.1t | ฿1.1t | 17.8x | 19x | 1.2x |
| Fri, 09 Dec 2022 | ฿19.9t | ฿17.1t | ฿1.1t | 17.4x | 18x | 1.2x |
| Sun, 06 Nov 2022 | ฿20.0t | ฿15.9t | ฿1.1t | 17.3x | 18.2x | 1.3x |
| Tue, 04 Oct 2022 | ฿19.0t | ฿15.7t | ฿1.1t | 16.7x | 17.8x | 1.2x |
| Thu, 01 Sep 2022 | ฿19.9t | ฿15.7t | ฿1.1t | 17.5x | 18.7x | 1.3x |
| Sat, 30 Jul 2022 | ฿19.1t | ฿14.3t | ฿982.1b | 17.3x | 19.5x | 1.3x |
| Mon, 27 Jun 2022 | ฿18.9t | ฿14.2t | ฿977.4b | 17.5x | 19.3x | 1.3x |
| Wed, 25 May 2022 | ฿19.5t | ฿14.1t | ฿1.0t | 18.3x | 19.4x | 1.4x |
| Fri, 22 Apr 2022 | ฿20.1t | ฿13.1t | ฿984.6b | 19.4x | 20.4x | 1.5x |
| Sun, 20 Mar 2022 | ฿19.9t | ฿13.1t | ฿990.2b | 19x | 20.1x | 1.5x |
| Tue, 15 Feb 2022 | ฿20.0t | ฿12.2t | ฿929.3b | 19.5x | 21.5x | 1.6x |
| Thu, 13 Jan 2022 | ฿19.9t | ฿12.1t | ฿910.3b | 20.1x | 21.9x | 1.6x |
| Sat, 11 Dec 2021 | ฿19.0t | ฿12.1t | ฿909.7b | 19.3x | 20.9x | 1.6x |
| Mon, 08 Nov 2021 | ฿19.1t | ฿11.7t | ฿904.7b | 19.5x | 21.1x | 1.6x |
| Wed, 06 Oct 2021 | ฿18.7t | ฿11.6t | ฿884.4b | 19.5x | 21.2x | 1.6x |
Price to Earnings Ratio
21.2x
Current Market PE
- Investors are relatively neutral on the Thai market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 19.1x.
Past Earnings Growth
- The earnings for Thai listed companies have grown 4.4% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Thai Market?
| TH Market | -0.12% | |
| Materials | 2.30% | |
| Tech | 1.45% | |
| Utilities | 0.082% | |
| Consumer Staples | 0.058% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Industrials | -0.094% | |
| Telecom | -0.15% | |
| Energy | -0.52% | |
| Consumer Discretionary | -0.79% | |
| Healthcare | -0.80% | |
| Financials | -0.81% | |
| Real Estate | -1.11% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 26.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 45.9%, which is higher than its past year's earnings growth of 26.1% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.0x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings growth rate of 26% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 3.4% 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 | Sector | |
|---|---|---|---|---|---|---|
| DELTA Delta Electronics (Thailand) | ฿109.50 | 2.3% +฿31.2b | 32.3% | PE65x | Tech | |
| TLI Thai Life Insurance | ฿10.70 | 18.2% +฿18.9b | -17.7% | PE12.3x | Financials | |
| PTT PTT | ฿33.75 | 1.5% +฿14.3b | 0.7% | PE7.5x | Energy | |
| PTTGC PTT Global Chemical | ฿30.75 | 9.8% +฿12.4b | -10.9% | PE17.9x | Materials | |
| CPALL CP ALL | ฿66.25 | 1.9% +฿11.2b | 9.5% | PE27x | Consumer Staples |
