Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Shares Could Be 30% Above Their Intrinsic Value Estimate
Feb 03
Malaysian (KLSE) Beverage Industry Analysis
UpdatedFeb 03, 2023
DataAggregated Company Financials
Companies6
- 7D5.9%
- 3M19.6%
- 1Y20.4%
- YTD12.5%
The Beverage industry is up 5.9% in the last week, with Heineken Malaysia Berhad up 7.1%. This takes the industry's 12 month performance to a gain of 20%. Earnings are forecast to grow by 6.7% annually.
Industry Valuation and Performance
Has the Malaysian Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 Feb 2023 | RM26.8b | RM10.4b | RM1.2b | 21.7x | 22.4x | 2.6x |
| Sun, 01 Jan 2023 | RM23.9b | RM10.4b | RM1.2b | 18.8x | 20x | 2.3x |
| Tue, 29 Nov 2022 | RM23.5b | RM10.4b | RM1.2b | 19.2x | 19.7x | 2.3x |
| Thu, 27 Oct 2022 | RM22.7b | RM9.6b | RM1.0b | 21.9x | 22x | 2.4x |
| Sat, 24 Sep 2022 | RM23.2b | RM9.6b | RM1.0b | 20.9x | 22.4x | 2.4x |
| Mon, 22 Aug 2022 | RM24.7b | RM9.5b | RM1.0b | 24.7x | 24.3x | 2.6x |
| Wed, 20 Jul 2022 | RM22.3b | RM8.9b | RM901.7m | 23.6x | 24.7x | 2.5x |
| Fri, 17 Jun 2022 | RM22.6b | RM8.9b | RM901.7m | 25.7x | 25.1x | 2.5x |
| Sun, 15 May 2022 | RM23.3b | RM8.7b | RM865.6m | 25.9x | 26.9x | 2.7x |
| Tue, 12 Apr 2022 | RM23.5b | RM8.6b | RM835.3m | 30.4x | 28.1x | 2.7x |
| Thu, 10 Mar 2022 | RM21.3b | RM8.6b | RM835.3m | 26.7x | 25.5x | 2.5x |
| Sat, 05 Feb 2022 | RM22.3b | RM8.3b | RM804.1m | 30.2x | 27.7x | 2.7x |
| Mon, 03 Jan 2022 | RM22.6b | RM8.3b | RM804.1m | 30.9x | 28.1x | 2.7x |
| Wed, 01 Dec 2021 | RM22.9b | RM8.3b | RM804.0m | 31.3x | 28.5x | 2.8x |
| Fri, 29 Oct 2021 | RM24.9b | RM8.5b | RM863.1m | 32.2x | 28.8x | 2.9x |
| Sun, 26 Sep 2021 | RM24.8b | RM8.5b | RM863.1m | 29.1x | 28.7x | 2.9x |
| Tue, 24 Aug 2021 | RM24.8b | RM8.5b | RM863.2m | 29.9x | 28.7x | 2.9x |
| Wed, 30 Jun 2021 | RM24.6b | RM8.5b | RM863.2m | 28.4x | 28.5x | 2.9x |
| Sat, 03 Apr 2021 | RM27.3b | RM8.2b | RM798.1m | 26.2x | 34.2x | 3.3x |
| Tue, 05 Jan 2021 | RM27.1b | RM8.2b | RM800.0m | 28.1x | 33.9x | 3.3x |
| Fri, 09 Oct 2020 | RM25.7b | RM8.5b | RM865.3m | 28.7x | 29.7x | 3x |
| Thu, 02 Jul 2020 | RM27.7b | RM8.8b | RM925.3m | 24x | 29.9x | 3.2x |
| Sun, 05 Apr 2020 | RM26.8b | RM9.4b | RM1.1b | 20.6x | 24.6x | 2.8x |
Price to Earnings Ratio
29x
Current Industry PE
- Investors are pessimistic on the Malaysian Beverage 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 22.4x which is lower than its 3-year average PE of 27.7x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have grown 3.0% per year over the last three years.
- Revenues for these companies have grown 3.1% 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 Staples industry?
| MY Market | 0.20% | |
| Consumer Staples | 1.34% | |
| Beverage | 5.88% | |
| Distillers and Wine Makers | 8.33% | |
| Brewers | 6.69% | |
| Soft Drinks | 4.66% | |
Industry PE
- Investors are most optimistic about the Soft Drinks industry, which is trading close to its 3-year average PE ratio of 24.2x.
- Analysts are expecting annual earnings growth of 8.1%, which is lower than the prior year's growth of 10.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Soft Drinks industry, expecting annual earnings growth of 8.1% over the next 5 years.
- However this is lower than its past earnings growth rate of 11% per year.
- In contrast, the Brewers industry is expected to see its earnings grow by 5.7% 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 | |
|---|---|---|---|---|---|
| HEIM Heineken Malaysia Berhad | RM29.44 | 7.1% +RM586.1m | 44.6% | PE22x | |
| CARLSBG Carlsberg Brewery Malaysia Berhad | RM24.10 | 1.7% +RM122.3m | 20.5% | PE22.4x | |
| F&N Fraser & Neave Holdings Bhd | RM25.00 | 1.0% +RM88.0m | 2.2% | PE23.9x | |
| CNOUHUA China Ouhua Winery Holdings | RM0.07 | 16.7% +RM6.7m | 0% | PS4.7x |