There May Be Underlying Issues With The Quality Of Genting Malaysia Berhad's (KLSE:GENM) Earnings
Apr 30
Malaysian (KLSE) Casinos and Gaming Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies8
- 7D-0.7%
- 3M-7.0%
- 1Y-0.2%
- YTDn/a
Last week, the Casinos and Gaming industry hasn't moved much but Berjaya Land Berhad is up 4.3% in that time. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Malaysian Casinos and Gaming Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | RM38.9b | RM54.3b | RM1.7b | 17.5x | 23.2x | 0.7x |
| Fri, 05 Apr 2024 | RM40.3b | RM54.3b | RM1.7b | 16.5x | 24x | 0.7x |
| Sun, 03 Mar 2024 | RM40.4b | RM54.3b | RM1.7b | 16.3x | 24.1x | 0.7x |
| Tue, 30 Jan 2024 | RM41.4b | RM53.1b | RM965.0m | 12.5x | 42.9x | 0.8x |
| Thu, 28 Dec 2023 | RM39.1b | RM53.1b | RM965.0m | 9.4x | 40.6x | 0.7x |
| Sat, 25 Nov 2023 | RM38.7b | RM52.7b | RM915.0m | 9.7x | 42.3x | 0.7x |
| Mon, 23 Oct 2023 | RM35.5b | RM50.9b | RM353.4m | 9.5x | 100.5x | 0.7x |
| Wed, 20 Sep 2023 | RM37.1b | RM50.9b | RM353.4m | 10x | 105x | 0.7x |
| Fri, 18 Aug 2023 | RM38.3b | RM48.9b | -RM190,232,707.00 | 16.6x | -201.3x | 0.8x |
| Sun, 16 Jul 2023 | RM37.4b | RM48.9b | -RM190,232,707.00 | 15.6x | -196.6x | 0.8x |
| Tue, 13 Jun 2023 | RM36.4b | RM48.9b | -RM190,232,707.00 | 14.7x | -191.5x | 0.7x |
| Thu, 11 May 2023 | RM38.7b | RM46.7b | -RM559,881,000.00 | 14.7x | -69.1x | 0.8x |
| Sat, 08 Apr 2023 | RM38.7b | RM46.7b | -RM559,821,000.00 | 15.8x | -69.1x | 0.8x |
| Mon, 06 Mar 2023 | RM39.7b | RM46.7b | -RM559,802,000.00 | 17.3x | -70.9x | 0.9x |
| Wed, 01 Feb 2023 | RM41.8b | RM44.0b | -RM97,337,491.00 | 22.9x | -429x | 0.9x |
| Fri, 30 Dec 2022 | RM39.1b | RM44.0b | -RM97,337,491.00 | 22.2x | -401.5x | 0.9x |
| Sun, 27 Nov 2022 | RM38.6b | RM44.0b | -RM104,175,491.00 | 23.7x | -370.4x | 0.9x |
| Tue, 25 Oct 2022 | RM38.3b | RM38.1b | -RM1,110,065,491.00 | 38.7x | -34.5x | 1x |
| Thu, 22 Sep 2022 | RM40.6b | RM38.1b | -RM1,110,065,491.00 | 40.1x | -36.6x | 1.1x |
| Sat, 20 Aug 2022 | RM42.0b | RM33.0b | -RM2,033,325,491.00 | 136.8x | -20.7x | 1.3x |
| Mon, 18 Jul 2022 | RM40.6b | RM33.0b | -RM2,033,325,491.00 | 136.4x | -20x | 1.2x |
| Wed, 15 Jun 2022 | RM41.8b | RM33.0b | -RM2,033,325,491.00 | 140.6x | -20.6x | 1.3x |
| Fri, 13 May 2022 | RM41.8b | RM28.5b | -RM2,632,438,000.00 | 7515.2x | -15.9x | 1.5x |
| Sun, 10 Apr 2022 | RM42.1b | RM25.9b | -RM2,892,598,000.00 | 7766x | -14.6x | 1.6x |
| Tue, 08 Mar 2022 | RM40.2b | RM28.5b | -RM2,632,416,000.00 | 7514.4x | -15.3x | 1.4x |
| Thu, 03 Feb 2022 | RM39.6b | RM26.0b | -RM2,968,046,709.00 | 26.6x | -13.3x | 1.5x |
| Sat, 01 Jan 2022 | RM41.6b | RM26.0b | -RM2,968,046,709.00 | 26.6x | -14x | 1.6x |
| Mon, 29 Nov 2021 | RM42.2b | RM25.9b | -RM2,974,381,709.00 | 26.8x | -14.2x | 1.6x |
| Wed, 27 Oct 2021 | RM45.7b | RM27.8b | -RM2,987,704,709.00 | 15.2x | -15.3x | 1.6x |
| Fri, 24 Sep 2021 | RM44.9b | RM27.8b | -RM2,987,704,709.00 | 15x | -15x | 1.6x |
| Sun, 22 Aug 2021 | RM41.7b | RM27.1b | -RM3,033,037,709.00 | 14.5x | -13.7x | 1.5x |
| Fri, 09 Jul 2021 | RM42.3b | RM27.1b | -RM3,033,037,709.00 | 14.6x | -13.9x | 1.6x |
Price to Earnings Ratio
-10.7x
Current Industry PE
- Investors are pessimistic on the Malaysian Casinos and Gaming 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 23.1x which is higher than its 3-year average PE of -52.9x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.72x.
Past Earnings Growth
- Total earnings for the Casinos and Gaming industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 32% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Malaysian Casinos and Gaming compare with similar industries?
| MY Market | 1.76% | |
| Consumer Discretionary | 2.19% | |
| Hospitality | -0.63% | |
| Casinos and Gaming | -0.72% | |
| Hotels, Resorts and Cruise Lines | 2.33% | |
| Leisure Facilities | 0% | |
| Restaurants | -4.98% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BJLAND Berjaya Land Berhad | RM0.35 | 1.4% +RM24.5m | 31.5% | PE117.2x |
