There's Reason For Concern Over Senheng New Retail Berhad's (KLSE:SENHENG) Price
May 21
Malaysian (KLSE) Specialty Stores Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies19
- 7D3.0%
- 3M13.1%
- 1Y11.4%
- YTD18.1%
The Specialty Stores industry is up 3.0% in the last week, with Mr D.I.Y. Group (M) Berhad up 3.4%. In the same time, Kamdar Group (M) Berhad was down 11%. In the last 12 months, the industry was up 11%. As for the next few years, earnings are expected to grow by 9.6% per annum.
Industry Valuation and Performance
Has the Malaysian Specialty Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 May 2024 | RM27.6b | RM17.0b | RM1.5b | 13.7x | 19x | 1.6x |
| Fri, 19 Apr 2024 | RM24.6b | RM17.2b | RM1.5b | 11.7x | 16.5x | 1.4x |
| Sun, 17 Mar 2024 | RM24.0b | RM17.1b | RM1.5b | 10.6x | 16.3x | 1.4x |
| Tue, 13 Feb 2024 | RM23.7b | RM17.2b | RM1.5b | 11.1x | 15.6x | 1.4x |
| Thu, 11 Jan 2024 | RM24.5b | RM18.4b | RM1.5b | 12.4x | 15.9x | 1.3x |
| Sat, 09 Dec 2023 | RM24.9b | RM18.0b | RM1.5b | 12.5x | 16.5x | 1.4x |
| Mon, 06 Nov 2023 | RM25.2b | RM18.0b | RM1.5b | 11.4x | 16.8x | 1.4x |
| Wed, 04 Oct 2023 | RM25.1b | RM17.8b | RM1.5b | 12.2x | 16.9x | 1.4x |
| Fri, 01 Sep 2023 | RM25.1b | RM17.4b | RM1.4b | 11.4x | 17.4x | 1.4x |
| Sun, 30 Jul 2023 | RM24.7b | RM17.6b | RM1.5b | 11.3x | 16.8x | 1.4x |
| Tue, 27 Jun 2023 | RM24.9b | RM17.2b | RM1.4b | 10.7x | 17.4x | 1.5x |
| Thu, 25 May 2023 | RM25.1b | RM16.8b | RM1.4b | 10.7x | 18x | 1.5x |
| Sat, 22 Apr 2023 | RM25.7b | RM16.6b | RM1.4b | 11.2x | 18.8x | 1.5x |
| Mon, 20 Mar 2023 | RM25.3b | RM16.6b | RM1.4b | 10.6x | 18.6x | 1.5x |
| Wed, 15 Feb 2023 | RM25.5b | RM14.6b | RM1.2b | 10.5x | 20.9x | 1.8x |
| Fri, 13 Jan 2023 | RM27.5b | RM14.5b | RM1.2b | 10.2x | 22.6x | 1.9x |
| Sun, 11 Dec 2022 | RM28.4b | RM14.1b | RM1.2b | 10.2x | 24.4x | 2x |
| Tue, 08 Nov 2022 | RM27.1b | RM13.3b | RM1.0b | 11.8x | 26.3x | 2x |
| Thu, 06 Oct 2022 | RM27.0b | RM13.2b | RM1.0b | 11.5x | 26.5x | 2x |
| Sat, 03 Sep 2022 | RM28.0b | RM12.8b | RM966.9m | 13.4x | 29x | 2.2x |
| Mon, 01 Aug 2022 | RM29.0b | RM11.8b | RM758.1m | 16x | 38.2x | 2.5x |
| Wed, 29 Jun 2022 | RM27.6b | RM11.7b | RM748.8m | 16x | 36.8x | 2.3x |
| Fri, 27 May 2022 | RM30.0b | RM11.4b | RM693.2m | 22x | 43.3x | 2.6x |
| Sun, 24 Apr 2022 | RM30.7b | RM11.4b | RM690.9m | 24.5x | 44.5x | 2.7x |
| Tue, 22 Mar 2022 | RM30.6b | RM11.3b | RM690.3m | 19.5x | 44.4x | 2.7x |
| Thu, 17 Feb 2022 | RM32.5b | RM10.8b | RM602.7m | 24.9x | 53.9x | 3x |
| Sat, 15 Jan 2022 | RM30.2b | RM9.4b | RM531.8m | 26.3x | 56.9x | 3.2x |
| Mon, 13 Dec 2021 | RM28.6b | RM9.5b | RM533.7m | 27.1x | 53.5x | 3x |
| Wed, 10 Nov 2021 | RM30.1b | RM9.9b | RM595.3m | 18.2x | 50.5x | 3x |
| Fri, 08 Oct 2021 | RM29.8b | RM10.1b | RM628.6m | 18.7x | 47.5x | 2.9x |
| Sun, 05 Sep 2021 | RM31.1b | RM10.2b | RM593.2m | 23.9x | 52.5x | 3x |
| Tue, 03 Aug 2021 | RM28.1b | RM10.2b | RM593.2m | 23.2x | 47.3x | 2.7x |
Price to Earnings Ratio
56.5x
Current Industry PE
- Investors are pessimistic on the Malaysian Specialty Retail 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 19.0x which is lower than its 3-year average PE of 31.0x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Specialty Retail industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 20% 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 | 1.85% | |
| Consumer Discretionary | 1.82% | |
| Specialty Stores | 3.02% | |
| Computer and Electronics Retail | 7.24% | |
| Home Improvement Retail | 3.39% | |
| Specialty Stores | 2.93% | |
| Automotive Retail | 2.38% | |
| Apparel Retail | 1.27% | |
| Home Furnishing Retail | -1.79% | |
Industry PE
- Investors are most optimistic about the Home Improvement Retail industry even though it's trading below its 3-year average PE ratio of 39.5x.
- Analysts are expecting annual earnings growth of 12.1%, which is lower than the prior year's growth of 15.5% per year.
- Investors are most pessimistic about the Automotive Retail industry, which is trading below its 3-year average of 15.8x.
Forecasted Growth
- Analysts are most optimistic on the Specialty Stores industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Automotive Retail industry is expected to see its earnings decline by 8.9% 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 | |
|---|---|---|---|---|---|
| MRDIY Mr D.I.Y. Group (M) Berhad | RM1.83 | 2.2% +RM377.9m | 14.4% | PE29.9x | |
| BAUTO Bermaz Auto Berhad | RM2.43 | 1.7% +RM46.7m | 12.0% | PE7.8x | |
| PADINI Padini Holdings Berhad | RM3.77 | 1.9% +RM46.1m | -1.6% | PE13.7x | |
| SENHENG Senheng New Retail Berhad | RM0.36 | 9.1% +RM45.0m | -11.1% | PE21.6x | |
| TOMEI Tomei Consolidated Berhad | RM2.00 | 14.9% +RM36.0m | 62.6% | PE5x |
