Thai (SET) Capital Markets Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies17
- 7D1.2%
- 3M-7.0%
- 1Y-18.9%
- YTD-8.6%
Over the last 7 days, the Capital Markets industry has remained flat, although notably AIRA Capital gained 7.7%. As for the longer term, the industry has declined 19% in the last year. Earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Thai Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 31 May 2024 | ฿171.5b | ฿24.0b | ฿4.4b | 16.4x | 39.4x | 7.2x |
| Sun, 28 Apr 2024 | ฿162.7b | ฿23.1b | ฿4.5b | 15.6x | 36.2x | 7x |
| Tue, 26 Mar 2024 | ฿163.5b | ฿23.1b | ฿4.5b | 16x | 36.3x | 7.1x |
| Thu, 22 Feb 2024 | ฿157.9b | ฿21.2b | ฿5.4b | 15.1x | 29.4x | 7.4x |
| Sat, 20 Jan 2024 | ฿83.7b | ฿19.7b | ฿4.5b | 13.2x | 18.7x | 4.3x |
| Mon, 18 Dec 2023 | ฿121.5b | ฿23.7b | ฿5.6b | 12.7x | 21.7x | 5.1x |
| Wed, 15 Nov 2023 | ฿121.6b | ฿23.3b | ฿5.4b | 12.9x | 22.6x | 5.2x |
| Fri, 13 Oct 2023 | ฿133.4b | ฿23.5b | ฿5.5b | 13.6x | 24.3x | 5.7x |
| Sun, 10 Sep 2023 | ฿144.4b | ฿23.4b | ฿5.5b | 15.1x | 26.3x | 6.2x |
| Tue, 08 Aug 2023 | ฿134.0b | ฿23.7b | ฿6.2b | 12.7x | 21.5x | 5.6x |
| Thu, 06 Jul 2023 | ฿127.9b | ฿23.8b | ฿6.3b | 12.8x | 20.4x | 5.4x |
| Sat, 03 Jun 2023 | ฿127.6b | ฿23.8b | ฿6.3b | 13x | 20.4x | 5.4x |
| Mon, 01 May 2023 | ฿134.5b | ฿24.5b | ฿6.7b | 12x | 20.2x | 5.5x |
| Wed, 29 Mar 2023 | ฿138.8b | ฿24.7b | ฿6.8b | 12.7x | 20.4x | 5.6x |
| Fri, 24 Feb 2023 | ฿177.9b | ฿26.5b | ฿8.2b | 10.8x | 21.7x | 6.7x |
| Sun, 22 Jan 2023 | ฿186.7b | ฿26.8b | ฿8.2b | 11.4x | 22.7x | 7x |
| Tue, 20 Dec 2022 | ฿186.2b | ฿26.8b | ฿8.2b | 10.2x | 22.6x | 6.9x |
| Thu, 17 Nov 2022 | ฿181.8b | ฿27.2b | ฿8.8b | 8.5x | 20.6x | 6.7x |
| Sat, 15 Oct 2022 | ฿185.9b | ฿27.6b | ฿8.9b | 9.4x | 21x | 6.7x |
| Mon, 12 Sep 2022 | ฿182.6b | ฿27.6b | ฿8.9b | 10x | 20.6x | 6.6x |
| Wed, 10 Aug 2022 | ฿182.1b | ฿29.0b | ฿9.5b | 9.6x | 19.2x | 6.3x |
| Fri, 08 Jul 2022 | ฿174.4b | ฿29.4b | ฿9.7b | 8x | 18x | 5.9x |
| Sun, 05 Jun 2022 | ฿193.3b | ฿29.6b | ฿9.7b | 8.9x | 19.8x | 6.5x |
| Tue, 03 May 2022 | ฿154.7b | ฿25.3b | ฿8.4b | 9.2x | 18.4x | 6.1x |
| Thu, 31 Mar 2022 | ฿175.2b | ฿25.3b | ฿8.4b | 10.3x | 20.9x | 6.9x |
| Sat, 26 Feb 2022 | ฿173.3b | ฿25.3b | ฿7.9b | 10.2x | 22x | 6.8x |
| Mon, 24 Jan 2022 | ฿188.1b | ฿65.4b | ฿7.9b | 11.4x | 23.8x | 2.9x |
| Wed, 22 Dec 2021 | ฿179.9b | ฿65.4b | ฿7.9b | 9.5x | 22.7x | 2.8x |
| Fri, 19 Nov 2021 | ฿167.5b | ฿65.5b | ฿8.0b | 8.9x | 21x | 2.6x |
| Sun, 17 Oct 2021 | ฿159.5b | ฿71.7b | ฿7.1b | 10.3x | 22.6x | 2.2x |
| Tue, 14 Sep 2021 | ฿161.7b | ฿71.7b | ฿7.1b | 10.2x | 22.9x | 2.3x |
| Thu, 12 Aug 2021 | ฿132.9b | ฿71.7b | ฿7.1b | 10.4x | 18.8x | 1.9x |
| Mon, 07 Jun 2021 | ฿137.3b | ฿70.7b | ฿6.1b | 11.6x | 22.4x | 1.9x |
Price to Earnings Ratio
22.4x
Current Industry PE
- Investors are optimistic on the Thai Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 39.1x which is higher than its 3-year average PE of 22.5x.
- The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 7.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 11% per year over the last three years,
- Revenues have also declined 30% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Financials industry?
| TH Market | -1.49% | |
| Financials | -1.00% | |
| Capital Markets | 1.19% | |
| Asset Management | 3.13% | |
| Investment Banking and Brokerage | 0.39% | |
| Financial Exchanges and Data | 0% | |
| Diversified Capital Markets | 0% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 21.7x.
- Analysts are expecting annual earnings growth of 62.2%, which is higher than its past year's earnings decline of 27.2% per year.
- Investors are most pessimistic about the Asset Management industry, which is trading close to its 3-year average of 24.9x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 62% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Asset Management industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| AIRA AIRA Capital | ฿1.78 | 6.0% +฿631.5m | -8.7% | PS14.3x | |
| BYD Beyond Securities | ฿2.32 | 4.5% +฿505.0m | -70.1% | PS36.2x | |
| CGH Country Group Holdings | ฿0.84 | 6.3% +฿200.3m | 7.7% | PS2.4x | |
| UOBKH UOB Kay Hian Securities (Thailand) | ฿5.00 | 4.6% +฿110.5m | -7.4% | PE27.6x | |
| ASP Asia Plus Group Holdings | ฿2.64 | 0.8% +฿42.1m | -7.7% | PE13x |