Milux Corporation Berhad's (KLSE:MILUX) Robust Profit May Be Overstating Its True Earnings Potential
Dec 07
Malaysian (KLSE) Consumer Durables Industry Analysis
UpdatedDec 07, 2022
DataAggregated Company Financials
Companies33
- 7D1.3%
- 3M4.8%
- 1Y-4.4%
- YTD-4.4%
The Consumer Durables industry is up 1.3% in the last week, with Ecomate Holdings Berhad up 9.7%. In contrast, the industry has lost 4.4% in the last 12 months. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Wed, 07 Dec 2022 | RM7.9b | RM10.0b | RM603.6m | 9.4x | 13x | 0.8x |
| Fri, 04 Nov 2022 | RM7.5b | RM347.2b | RM9.7b | 11x | 0.8x | 0.02x |
| Sun, 02 Oct 2022 | RM7.2b | RM9.2b | RM472.5m | 11.1x | 15.1x | 0.8x |
| Tue, 30 Aug 2022 | RM7.4b | RM9.2b | RM443.2m | 12.3x | 16.7x | 0.8x |
| Thu, 28 Jul 2022 | RM7.2b | RM9.0b | RM400.0m | 13.6x | 18.1x | 0.8x |
| Sat, 25 Jun 2022 | RM7.2b | RM9.0b | RM390.7m | 14x | 18.5x | 0.8x |
| Mon, 23 May 2022 | RM7.9b | RM9.0b | RM422.8m | 17.9x | 18.6x | 0.9x |
| Wed, 20 Apr 2022 | RM8.0b | RM8.9b | RM419.7m | 16.8x | 19x | 0.9x |
| Fri, 18 Mar 2022 | RM7.9b | RM9.0b | RM435.0m | 16.6x | 18.1x | 0.9x |
| Sun, 13 Feb 2022 | RM8.2b | RM9.1b | RM475.9m | 15.3x | 17.2x | 0.9x |
| Tue, 11 Jan 2022 | RM8.2b | RM9.1b | RM477.1m | 14.7x | 17.1x | 0.9x |
| Thu, 09 Dec 2021 | RM8.1b | RM9.3b | RM512.3m | 14.3x | 15.7x | 0.9x |
| Sat, 06 Nov 2021 | RM8.3b | RM9.9b | RM628.9m | 13.3x | 13.2x | 0.8x |
| Mon, 04 Oct 2021 | RM8.0b | RM10.0b | RM640.1m | 13.1x | 12.5x | 0.8x |
| Wed, 01 Sep 2021 | RM8.4b | RM9.8b | RM632.6m | 14.5x | 13.2x | 0.8x |
| Thu, 08 Jul 2021 | RM7.7b | RM9.7b | RM622.2m | 12.4x | 12.3x | 0.8x |
| Wed, 31 Mar 2021 | RM8.0b | RM9.1b | RM529.2m | 13.9x | 15.2x | 0.9x |
| Sat, 02 Jan 2021 | RM7.3b | RM8.4b | RM448.8m | 12.2x | 16.3x | 0.9x |
| Tue, 06 Oct 2020 | RM5.9b | RM8.2b | RM393.3m | 9.5x | 15.1x | 0.7x |
| Fri, 10 Jul 2020 | RM4.9b | RM7.6b | RM282.5m | 13.4x | 17.2x | 0.6x |
| Thu, 02 Apr 2020 | RM4.1b | RM8.1b | RM344.1m | 9x | 11.8x | 0.5x |
| Sun, 05 Jan 2020 | RM5.8b | RM8.2b | RM331.8m | 11.8x | 17.5x | 0.7x |
Price to Earnings Ratio
17.5x
Current Industry PE
- Investors are pessimistic on the Malaysian Consumer Durables 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 15.7x.
- The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
- The earnings for companies in the Consumer Durables industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 7.0% 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 | -0.18% | |
| Consumer Discretionary | -0.046% | |
| Consumer Durables | 1.27% | |
| Housewares and Specialties | 6.02% | |
| Homebuilding | 3.57% | |
| Household Appliances | 1.36% | |
| Home Furnishings | 1.34% | |
| Consumer Electronics | -0.53% | |
Industry PE
- Investors are most optimistic about the Housewares and Specialties industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Household Appliances industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the Home Furnishings industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| ECOMATE Ecomate Holdings Berhad | RM0.89 | 7.9% +RM22.8m | 78.0% | PE30.8x | |
| SERNKOU Sern Kou Resources Berhad | RM0.70 | 2.9% +RM18.5m | 7.6% | PE66.1x | |
| SYF SYF Resources Berhad | RM0.38 | 8.7% +RM17.1m | 29.3% | PS2.8x | |
| MOBILIA Mobilia Holdings Berhad | RM0.21 | 10.5% +RM14.0m | 2.4% | PE9.7x | |
| CSH CSH Alliance Berhad | RM0.045 | 28.6% +RM13.8m | -57.1% | PS1.7x |
