PPB Group Berhad's (KLSE:PPB) Earnings Are Not Doing Enough For Some Investors
Jul 23
Malaysian (KLSE) Food Industry Analysis
UpdatedJul 25, 2024
DataAggregated Company Financials
Companies86
- 7D0.5%
- 3M-1.9%
- 1Y2.1%
- YTD7.2%
The Food is pretty flat in the last 7 days, but SD Guthrie Berhad has stood out, gaining 4.4%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 9.7% 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, 26 Jul 2024 | RM 217.4b | RM 157.1b | RM 11.0b | 14.4x | 19.8x | 1.4x |
| Sun, 23 Jun 2024 | RM 210.5b | RM 155.5b | RM 10.8b | 14.1x | 19.5x | 1.4x |
| Tue, 21 May 2024 | RM 220.0b | RM 155.2b | RM 10.1b | 15.2x | 21.7x | 1.4x |
| Thu, 18 Apr 2024 | RM 213.8b | RM 155.0b | RM 10.0b | 14.6x | 21.3x | 1.4x |
| Sat, 16 Mar 2024 | RM 208.8b | RM 154.8b | RM 10.0b | 14.2x | 20.9x | 1.3x |
| Mon, 12 Feb 2024 | RM 205.4b | RM 156.8b | RM 10.6b | 13.1x | 19.3x | 1.3x |
| Wed, 10 Jan 2024 | RM 207.1b | RM 158.2b | RM 10.8b | 13.6x | 19.2x | 1.3x |
| Fri, 08 Dec 2023 | RM 202.2b | RM 158.2b | RM 10.8b | 13x | 18.8x | 1.3x |
| Sun, 05 Nov 2023 | RM 205.4b | RM 162.4b | RM 10.7b | 13.5x | 19.2x | 1.3x |
| Tue, 03 Oct 2023 | RM 203.6b | RM 162.3b | RM 10.7b | 13.5x | 19x | 1.3x |
| Thu, 31 Aug 2023 | RM 206.4b | RM 163.1b | RM 10.8b | 13.7x | 19x | 1.3x |
| Sat, 29 Jul 2023 | RM 210.9b | RM 172.9b | RM 13.7b | 12x | 15.4x | 1.2x |
| Mon, 26 Jun 2023 | RM 201.7b | RM 173.2b | RM 13.7b | 11.5x | 14.7x | 1.2x |
| Wed, 24 May 2023 | RM 209.8b | RM 179.2b | RM 16.1b | 11.4x | 13x | 1.2x |
| Fri, 21 Apr 2023 | RM 207.9b | RM 179.4b | RM 16.3b | 11.5x | 12.7x | 1.2x |
| Sun, 19 Mar 2023 | RM 208.3b | RM 179.7b | RM 16.3b | 11.5x | 12.7x | 1.2x |
| Tue, 14 Feb 2023 | RM 210.9b | RM 180.0b | RM 17.0b | 11.4x | 12.4x | 1.2x |
| Thu, 12 Jan 2023 | RM 212.0b | RM 180.0b | RM 17.0b | 11.4x | 12.4x | 1.2x |
| Sat, 10 Dec 2022 | RM 206.1b | RM 177.6b | RM 16.6b | 11.3x | 12.4x | 1.2x |
| Mon, 07 Nov 2022 | RM 202.8b | RM 171.9b | RM 16.8b | 11.1x | 12.1x | 1.2x |
| Wed, 05 Oct 2022 | RM 195.4b | RM 171.3b | RM 16.8b | 11.2x | 11.6x | 1.1x |
| Fri, 02 Sep 2022 | RM 206.6b | RM 170.9b | RM 16.8b | 11.2x | 12.3x | 1.2x |
| Sun, 31 Jul 2022 | RM 206.3b | RM 160.0b | RM 15.6b | 12x | 13.2x | 1.3x |
| Tue, 28 Jun 2022 | RM 202.1b | RM 159.2b | RM 15.5b | 12.3x | 13.1x | 1.3x |
| Thu, 26 May 2022 | RM 223.0b | RM 154.9b | RM 14.9b | 15.1x | 14.9x | 1.4x |
| Sat, 23 Apr 2022 | RM 233.4b | RM 149.0b | RM 14.1b | 15.8x | 16.6x | 1.6x |
| Mon, 21 Mar 2022 | RM 220.5b | RM 149.0b | RM 14.2b | 15.3x | 15.5x | 1.5x |
| Wed, 16 Feb 2022 | RM 217.3b | RM 137.3b | RM 12.6b | 15.2x | 17.2x | 1.6x |
| Fri, 14 Jan 2022 | RM 202.9b | RM 137.0b | RM 12.6b | 14.1x | 16.1x | 1.5x |
| Sun, 12 Dec 2021 | RM 195.7b | RM 136.6b | RM 12.5b | 14.2x | 15.6x | 1.4x |
| Tue, 09 Nov 2021 | RM 205.0b | RM 127.6b | RM 11.2b | 14.8x | 18.3x | 1.6x |
| Thu, 07 Oct 2021 | RM 210.2b | RM 127.5b | RM 11.2b | 14.7x | 18.8x | 1.6x |
| Sat, 04 Sep 2021 | RM 208.2b | RM 127.2b | RM 11.2b | 15x | 18.6x | 1.6x |
| Mon, 02 Aug 2021 | RM 194.3b | RM 127.2b | RM 11.2b | 14.1x | 17.3x | 1.5x |
Price to Earnings Ratio
17.3x
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 19.8x 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 7.3% 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 | -1.12% | |
| Consumer Staples | 0.39% | |
| Food | 0.53% | |
| Agricultural Products | 1.50% | |
| Packaged Foods and Meats | -0.75% | |
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 24.2x.
- Analysts are expecting annual earnings growth of 10.5%, which is lower than the prior year's growth of 43.5% 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 13.5x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 44% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 9.2% 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 | |
|---|---|---|---|---|---|
| SDG SD Guthrie Berhad | RM 4.49 | 4.4% +RM 1.3b | -2.4% | PE15.5x | |
| UTDPLT United Plantations Berhad | RM 25.30 | 1.3% +RM 132.7m | 58.9% | PE13.9x | |
| SOP Sarawak Oil Palms Berhad | RM 2.93 | 2.4% +RM 62.4m | 10.2% | PE7.8x | |
| KRETAM Kretam Holdings Berhad | RM 0.60 | 4.3% +RM 57.5m | 4.3% | PE13.9x | |
| KMLOONG Kim Loong Resources Berhad | RM 2.24 | 1.4% +RM 29.4m | 21.1% | PE13.2x |
