Calculating The Fair Value Of IOI Corporation Berhad (KLSE:IOICORP)
Jun 27
Malaysian (KLSE) Food Industry Analysis
UpdatedJun 28, 2024
DataAggregated Company Financials
Companies81
- 7D-0.9%
- 3M-1.3%
- 1Y4.5%
- YTD4.5%
The Food industry has stayed flat over the last week. The past year has been better, since the industry has gained 4.9% in that time. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Malaysian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 28 Jun 2024 | RM 208.4b | RM 155.5b | RM 10.8b | 14x | 19.3x | 1.3x |
| Sun, 26 May 2024 | RM 216.9b | RM 154.4b | RM 10.0b | 15.4x | 21.7x | 1.4x |
| Tue, 23 Apr 2024 | RM 215.0b | RM 155.0b | RM 10.0b | 14.7x | 21.4x | 1.4x |
| Thu, 21 Mar 2024 | RM 210.0b | RM 154.8b | RM 10.0b | 14.4x | 21x | 1.4x |
| Sat, 17 Feb 2024 | RM 207.1b | RM 156.8b | RM 10.6b | 13.7x | 19.5x | 1.3x |
| Mon, 15 Jan 2024 | RM 208.1b | RM 158.2b | RM 10.8b | 13.4x | 19.3x | 1.3x |
| Wed, 13 Dec 2023 | RM 203.8b | RM 158.2b | RM 10.8b | 13x | 18.9x | 1.3x |
| Fri, 10 Nov 2023 | RM 203.9b | RM 162.4b | RM 10.7b | 13.3x | 19x | 1.3x |
| Sun, 08 Oct 2023 | RM 202.5b | RM 162.3b | RM 10.7b | 13.4x | 18.9x | 1.2x |
| Tue, 05 Sep 2023 | RM 206.9b | RM 162.7b | RM 10.7b | 13.7x | 19.3x | 1.3x |
| Thu, 03 Aug 2023 | RM 210.2b | RM 172.8b | RM 13.6b | 11.9x | 15.4x | 1.2x |
| Sat, 01 Jul 2023 | RM 201.0b | RM 173.0b | RM 13.7b | 12.1x | 14.7x | 1.2x |
| Mon, 29 May 2023 | RM 205.2b | RM 178.2b | RM 14.3b | 11.4x | 14.4x | 1.2x |
| Wed, 26 Apr 2023 | RM 210.7b | RM 179.4b | RM 16.3b | 11.5x | 12.9x | 1.2x |
| Fri, 24 Mar 2023 | RM 206.8b | RM 179.7b | RM 16.3b | 11.2x | 12.7x | 1.2x |
| Sun, 19 Feb 2023 | RM 210.7b | RM 180.5b | RM 17.1b | 11.4x | 12.3x | 1.2x |
| Tue, 17 Jan 2023 | RM 211.3b | RM 180.0b | RM 17.0b | 11.3x | 12.4x | 1.2x |
| Thu, 15 Dec 2022 | RM 207.2b | RM 177.6b | RM 16.6b | 11.5x | 12.5x | 1.2x |
| Sat, 12 Nov 2022 | RM 204.6b | RM 172.0b | RM 16.8b | 11.3x | 12.2x | 1.2x |
| Mon, 10 Oct 2022 | RM 195.5b | RM 171.3b | RM 16.8b | 11.2x | 11.6x | 1.1x |
| Wed, 07 Sep 2022 | RM 206.5b | RM 170.9b | RM 16.8b | 11.3x | 12.3x | 1.2x |
| Fri, 05 Aug 2022 | RM 208.0b | RM 160.0b | RM 15.6b | 12.2x | 13.3x | 1.3x |
| Sun, 03 Jul 2022 | RM 203.6b | RM 159.4b | RM 15.5b | 12.1x | 13.1x | 1.3x |
| Tue, 31 May 2022 | RM 220.3b | RM 155.7b | RM 15.1b | 13.6x | 14.6x | 1.4x |
| Thu, 28 Apr 2022 | RM 235.2b | RM 149.5b | RM 14.1b | 15.8x | 16.7x | 1.6x |
| Sat, 26 Mar 2022 | RM 227.4b | RM 149.6b | RM 14.3b | 15.5x | 15.9x | 1.5x |
| Mon, 21 Feb 2022 | RM 227.0b | RM 141.7b | RM 12.9b | 16x | 17.6x | 1.6x |
| Wed, 19 Jan 2022 | RM 200.3b | RM 137.0b | RM 12.6b | 13.7x | 15.9x | 1.5x |
| Fri, 17 Dec 2021 | RM 193.6b | RM 136.6b | RM 12.5b | 14.1x | 15.4x | 1.4x |
| Sun, 14 Nov 2021 | RM 203.5b | RM 127.8b | RM 11.3b | 14.8x | 18.1x | 1.6x |
| Tue, 12 Oct 2021 | RM 212.8b | RM 127.5b | RM 11.2b | 14.9x | 19.1x | 1.7x |
| Thu, 09 Sep 2021 | RM 206.3b | RM 127.2b | RM 11.2b | 14.6x | 18.4x | 1.6x |
| Sat, 07 Aug 2021 | RM 196.2b | RM 127.2b | RM 11.2b | 14.3x | 17.5x | 1.5x |
Price to Earnings Ratio
18x
Current Industry PE
- Investors are optimistic on the Malaysian Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.4x which is higher than its 3-year average PE of 16.2x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Food industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 6.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Malaysian Consumer Staples industry?
| MY Market | -1.04% | |
| Consumer Staples | -0.92% | |
| Food | -0.86% | |
| Agricultural Products | -0.80% | |
| Packaged Foods and Meats | -0.94% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 24.4x.
- Analysts are expecting annual earnings growth of 10.5%, which is lower than the prior year's growth of 47.0% per year.
- Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.4x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 11% over the next 5 years.
- However this is lower than its past earnings growth rate of 47% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 9.8% 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 | |
|---|---|---|---|---|---|
| KLK Kuala Lumpur Kepong Berhad | RM 20.52 | 1.3% +RM 285.1m | -7.4% | PE41.3x | |
| UTDPLT United Plantations Berhad | RM 24.20 | 1.7% +RM 165.9m | 57.6% | PE13.8x | |
| QL QL Resources Berhad | RM 6.51 | 0.9% +RM 146.0m | 21.5% | PE36.2x | |
| SBH SBH Marine Holdings Berhad | RM 0.34 | 25.9% +RM 62.2m | n/a | PE24.1x | |
| HUPSENG Hup Seng Industries Berhad | RM 1.16 | 2.7% +RM 24.0m | 81.3% | PE18.8x |
