MCE Holdings Berhad's (KLSE:MCEHLDG) Conservative Accounting Might Explain Soft Earnings
Jul 05
Malaysian (KLSE) Auto Components Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies13
- 7D-2.2%
- 3M2.2%
- 1Y17.6%
- YTD-0.2%
Over the last 7 days, the Auto Components industry has dropped 2.2%, driven by Pecca Group Berhad declining 3.2%. In the past year, the industry has gained 18%. Earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Malaysian Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | RM 3.6b | RM 4.7b | RM 272.8m | 12.1x | 13.2x | 0.8x |
| Sun, 23 Jun 2024 | RM 3.7b | RM 4.7b | RM 275.1m | 11.6x | 13.6x | 0.8x |
| Tue, 21 May 2024 | RM 3.0b | RM 4.7b | RM 253.0m | 11.7x | 11.7x | 0.6x |
| Thu, 18 Apr 2024 | RM 2.7b | RM 4.5b | RM 207.8m | 10x | 12.8x | 0.6x |
| Sat, 16 Mar 2024 | RM 2.8b | RM 4.4b | RM 207.8m | 10.6x | 13.3x | 0.6x |
| Mon, 12 Feb 2024 | RM 2.8b | RM 4.4b | RM 158.3m | 10.8x | 17.5x | 0.6x |
| Wed, 10 Jan 2024 | RM 2.7b | RM 4.4b | RM 157.4m | 11.4x | 17.4x | 0.6x |
| Fri, 08 Dec 2023 | RM 2.6b | RM 4.4b | RM 154.8m | 9.4x | 16.7x | 0.6x |
| Sun, 05 Nov 2023 | RM 2.4b | RM 4.3b | RM 155.3m | 8.3x | 15.3x | 0.6x |
| Tue, 03 Oct 2023 | RM 2.4b | RM 4.3b | RM 155.3m | 8.7x | 15.4x | 0.6x |
| Thu, 31 Aug 2023 | RM 2.2b | RM 4.3b | RM 158.3m | 8.5x | 14.1x | 0.5x |
| Sat, 29 Jul 2023 | RM 2.3b | RM 4.2b | RM 133.8m | 10.3x | 17.4x | 0.6x |
| Mon, 26 Jun 2023 | RM 2.2b | RM 4.2b | RM 131.9m | 10.8x | 17x | 0.5x |
| Wed, 24 May 2023 | RM 2.3b | RM 4.0b | RM 111.4m | 14.1x | 20.4x | 0.6x |
| Fri, 21 Apr 2023 | RM 2.4b | RM 3.9b | RM 110.2m | 14.8x | 21.4x | 0.6x |
| Sun, 19 Mar 2023 | RM 2.3b | RM 3.9b | RM 115.2m | 14.6x | 19.8x | 0.6x |
| Tue, 14 Feb 2023 | RM 2.3b | RM 3.8b | RM 140.8m | 14.1x | 16.7x | 0.6x |
| Thu, 12 Jan 2023 | RM 2.2b | RM 3.8b | RM 140.1m | 13.3x | 15.8x | 0.6x |
| Sat, 10 Dec 2022 | RM 2.2b | RM 3.8b | RM 129.7m | 18x | 17.1x | 0.6x |
| Mon, 07 Nov 2022 | RM 2.2b | RM 3.2b | RM 38.5m | 28.3x | 56.9x | 0.7x |
| Wed, 05 Oct 2022 | RM 2.0b | RM 3.1b | RM 25.1m | 32.8x | 79.2x | 0.6x |
| Fri, 02 Sep 2022 | RM 1.9b | RM 3.0b | RM 15.5m | 57.3x | 124.9x | 0.6x |
| Sun, 31 Jul 2022 | RM 1.9b | RM 2.8b | -RM 24,165,004.00 | 71.5x | -77.8x | 0.7x |
| Tue, 28 Jun 2022 | RM 1.8b | RM 2.8b | -RM 26,610,966.00 | 36.5x | -68.3x | 0.7x |
| Thu, 26 May 2022 | RM 1.9b | RM 2.8b | -RM 27,468,335.00 | 29.5x | -68.5x | 0.7x |
| Sat, 23 Apr 2022 | RM 1.9b | RM 2.8b | -RM 20,040,465.00 | 29.6x | -95.7x | 0.7x |
| Mon, 21 Mar 2022 | RM 1.9b | RM 2.8b | -RM 21,369,341.00 | 29.6x | -90x | 0.7x |
| Wed, 16 Feb 2022 | RM 2.0b | RM 2.7b | RM 20.3m | 18.1x | 97.9x | 0.7x |
| Fri, 14 Jan 2022 | RM 2.0b | RM 2.7b | RM 20.3m | 18.3x | 96.8x | 0.7x |
| Sun, 12 Dec 2021 | RM 1.9b | RM 2.7b | RM 23.7m | 18x | 82x | 0.7x |
| Tue, 09 Nov 2021 | RM 2.0b | RM 3.0b | RM 102.0m | 22.7x | 19.9x | 0.7x |
| Thu, 07 Oct 2021 | RM 1.9b | RM 3.0b | RM 102.0m | 21.9x | 18.8x | 0.6x |
| Sat, 04 Sep 2021 | RM 1.8b | RM 3.1b | RM 112.1m | 17.2x | 16.4x | 0.6x |
| Mon, 02 Aug 2021 | RM 2.2b | RM 3.1b | RM 112.1m | 17.8x | 19.3x | 0.7x |
Price to Earnings Ratio
19.3x
Current Industry PE
- Investors are relatively neutral on the Malaysian Auto Components 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 12.4x.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 35% 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.
Industry Trends
Which industries have driven the changes within the Malaysian Consumer Discretionary industry?
| MY Market | -1.65% | |
| Consumer Discretionary | -2.74% | |
| Auto Components | -2.20% | |
| Tires and Rubber | -1.13% | |
| Auto Parts and Equipment | -2.23% | |
Industry PE
- Investors are most optimistic about the Tires and Rubber industry which is trading above its 3-year average PE ratio of 1.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Auto Parts and Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 38% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| PECCA Pecca Group Berhad | RM 1.24 | 3.3% +RM 26.2m | 18.1% | PE18.4x | |
| BETA Betamek Berhad | RM 0.41 | 1.2% +RM 2.3m | -17.2% | PE8.7x | |
| SAPIND Sapura Industrial Berhad | RM 0.93 | 2.8% +RM 1.8m | 10.1% | PE9.4x | |
| SMISCOR SMIS Corporation Berhad | RM 0.85 | 3.0% +RM 1.1m | 6.2% | PE49.6x |