Signature International Berhad (KLSE:SIGN) Surges 31% Yet Its Low P/E Is No Reason For Excitement
Apr 25
Malaysian (KLSE) Consumer Durables Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies33
- 7D3.5%
- 3M8.7%
- 1Y7.4%
- YTD12.4%
In the last week, the Consumer Durables industry is up 3.4%, with Signature International Berhad up 29%. In the same time, Milux Corporation Berhad was down 7.0%. This means that the industry has gained 7.4% over the past year. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Malaysian Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | RM9.7b | RM9.0b | RM527.4m | 14.2x | 18.4x | 1.1x |
| Sun, 24 Mar 2024 | RM9.0b | RM9.0b | RM523.2m | 13.8x | 17.2x | 1x |
| Tue, 20 Feb 2024 | RM9.0b | RM8.6b | RM436.6m | 16.8x | 20.5x | 1x |
| Thu, 18 Jan 2024 | RM8.9b | RM8.7b | RM444.3m | 15.8x | 20x | 1x |
| Sat, 16 Dec 2023 | RM8.6b | RM8.7b | RM444.3m | 15.4x | 19.5x | 1x |
| Mon, 13 Nov 2023 | RM8.6b | RM9.0b | RM494.0m | 14.9x | 17.4x | 0.9x |
| Wed, 11 Oct 2023 | RM8.3b | RM9.1b | RM495.7m | 14.1x | 16.8x | 0.9x |
| Fri, 08 Sep 2023 | RM8.5b | RM9.1b | RM511.7m | 14.9x | 16.6x | 0.9x |
| Sun, 06 Aug 2023 | RM8.3b | RM9.4b | RM520.7m | 12.8x | 16x | 0.9x |
| Tue, 04 Jul 2023 | RM8.0b | RM9.4b | RM536.6m | 12.6x | 14.8x | 0.8x |
| Thu, 01 Jun 2023 | RM8.0b | RM9.6b | RM565.8m | 12x | 14.2x | 0.8x |
| Sat, 29 Apr 2023 | RM7.9b | RM10.3b | RM646.1m | 9.9x | 12.3x | 0.8x |
| Mon, 27 Mar 2023 | RM7.8b | RM10.4b | RM652.6m | 9.5x | 12x | 0.8x |
| Wed, 22 Feb 2023 | RM8.1b | RM10.0b | RM649.5m | 9.8x | 12.5x | 0.8x |
| Fri, 20 Jan 2023 | RM7.7b | RM10.1b | RM645.3m | 9.3x | 11.9x | 0.8x |
| Sun, 18 Dec 2022 | RM7.7b | RM10.0b | RM610.3m | 9.2x | 12.6x | 0.8x |
| Tue, 15 Nov 2022 | RM7.6b | RM9.3b | RM483.5m | 10.8x | 15.8x | 0.8x |
| Thu, 13 Oct 2022 | RM7.1b | RM9.2b | RM472.4m | 11.1x | 15.1x | 0.8x |
| Sat, 10 Sep 2022 | RM7.5b | RM9.3b | RM461.0m | 11.7x | 16.2x | 0.8x |
| Mon, 08 Aug 2022 | RM7.2b | RM9.0b | RM406.1m | 13.7x | 17.8x | 0.8x |
| Wed, 06 Jul 2022 | RM7.1b | RM9.0b | RM401.4m | 13.2x | 17.8x | 0.8x |
| Fri, 03 Jun 2022 | RM7.8b | RM9.0b | RM399.2m | 14.5x | 19.6x | 0.9x |
| Sun, 01 May 2022 | RM8.0b | RM9.0b | RM425.2m | 18.7x | 18.9x | 0.9x |
| Tue, 29 Mar 2022 | RM8.1b | RM8.9b | RM419.7m | 16.9x | 19.2x | 0.9x |
| Thu, 24 Feb 2022 | RM8.3b | RM9.0b | RM469.6m | 14.4x | 17.6x | 0.9x |
| Sat, 22 Jan 2022 | RM8.0b | RM9.1b | RM477.1m | 14.3x | 16.8x | 0.9x |
| Mon, 20 Dec 2021 | RM7.9b | RM9.2b | RM502.7m | 14x | 15.8x | 0.9x |
| Wed, 17 Nov 2021 | RM8.5b | RM9.9b | RM629.2m | 13.3x | 13.5x | 0.9x |
| Fri, 15 Oct 2021 | RM8.2b | RM10.0b | RM640.8m | 13.6x | 12.9x | 0.8x |
| Sun, 12 Sep 2021 | RM8.4b | RM9.8b | RM646.5m | 14.4x | 13x | 0.9x |
| Tue, 10 Aug 2021 | RM7.9b | RM9.8b | RM632.6m | 13.7x | 12.5x | 0.8x |
| Mon, 03 May 2021 | RM8.1b | RM9.3b | RM554.8m | 15x | 14.7x | 0.9x |
Price to Earnings Ratio
14.7x
Current Industry PE
- Investors are optimistic on the Malaysian Consumer Durables industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.3x which is higher than its 3-year average PE of 15.6x.
- The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- Both revenue and earnings for companies in the Consumer Durables industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Malaysian Consumer Discretionary industry?
| MY Market | 1.41% | |
| Consumer Discretionary | 0.78% | |
| Consumer Durables | 3.48% | |
| Home Furnishings | 5.39% | |
| Housewares and Specialties | 0.49% | |
| Consumer Electronics | 0.47% | |
| Household Appliances | -0.38% | |
| Homebuilding | -2.71% | |
Industry PE
- Investors are most optimistic about the Home Furnishings industry which is trading above its 3-year average PE ratio of 16.3x.
- Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings decline of 30.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Home Furnishings industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Household Appliances industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| SIGN Signature International Berhad | RM1.19 | 28.6% +RM168.2m | -1.7% | PE14.2x | |
| SYNERGY Synergy House Berhad | RM1.37 | 20.2% +RM115.0m | n/a | PE25.2x | |
| M&A M & A Equity Holdings Berhad | RM0.38 | 2.7% +RM20.0m | n/a | PE61.4x | |
| EG EG Industries Berhad | RM1.46 | 1.4% +RM9.0m | 15.0% | PE15x | |
| ECOMATE Ecomate Holdings Berhad | RM0.88 | 2.9% +RM9.0m | 24.1% | PE115.6x |
