Nestlé (Malaysia) Berhad Recorded A 13% Miss On Revenue: Analysts Are Revisiting Their Models
Jul 28
Malaysian (KLSE) Food Industry Analysis
UpdatedJul 28, 2024
DataAggregated Company Financials
Companies86
- 7D-2.1%
- 3M-2.9%
- 1Y1.6%
- YTD6.0%
Over the last 7 days, the Food industry has dropped 2.1%, driven by Nestlé (Malaysia) Berhad declining 5.4%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 10.0% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 28 Jul 2024 | RM 214.9b | RM 156.9b | RM 10.9b | 14.3x | 19.6x | 1.4x |
| Tue, 25 Jun 2024 | RM 210.4b | RM 155.5b | RM 10.8b | 14x | 19.5x | 1.4x |
| Thu, 23 May 2024 | RM 217.2b | RM 154.6b | RM 10.1b | 15.5x | 21.6x | 1.4x |
| Sat, 20 Apr 2024 | RM 214.3b | RM 155.0b | RM 10.0b | 14.7x | 21.4x | 1.4x |
| Mon, 18 Mar 2024 | RM 208.8b | RM 154.8b | RM 10.0b | 14.2x | 20.9x | 1.3x |
| Wed, 14 Feb 2024 | RM 207.3b | RM 156.8b | RM 10.6b | 13.1x | 19.5x | 1.3x |
| Fri, 12 Jan 2024 | RM 207.4b | RM 158.2b | RM 10.8b | 13.7x | 19.2x | 1.3x |
| Sun, 10 Dec 2023 | RM 202.6b | RM 158.2b | RM 10.8b | 12.9x | 18.8x | 1.3x |
| Tue, 07 Nov 2023 | RM 206.5b | RM 162.4b | RM 10.7b | 13.5x | 19.3x | 1.3x |
| Thu, 05 Oct 2023 | RM 203.6b | RM 162.3b | RM 10.7b | 13.5x | 19x | 1.3x |
| Sat, 02 Sep 2023 | RM 206.9b | RM 162.7b | RM 10.7b | 13.6x | 19.3x | 1.3x |
| Mon, 31 Jul 2023 | RM 210.9b | RM 172.9b | RM 13.6b | 12x | 15.5x | 1.2x |
| Wed, 28 Jun 2023 | RM 201.8b | RM 173.2b | RM 13.7b | 11.9x | 14.8x | 1.2x |
| Fri, 26 May 2023 | RM 208.9b | RM 179.0b | RM 15.7b | 11.1x | 13.3x | 1.2x |
| Sun, 23 Apr 2023 | RM 207.9b | RM 179.4b | RM 16.3b | 11.5x | 12.7x | 1.2x |
| Tue, 21 Mar 2023 | RM 206.5b | RM 179.7b | RM 16.3b | 11.3x | 12.6x | 1.1x |
| Thu, 16 Feb 2023 | RM 212.2b | RM 180.0b | RM 17.0b | 11.2x | 12.5x | 1.2x |
| Sat, 14 Jan 2023 | RM 211.7b | RM 180.0b | RM 17.0b | 11.2x | 12.4x | 1.2x |
| Mon, 12 Dec 2022 | RM 206.1b | RM 177.6b | RM 16.6b | 11.3x | 12.4x | 1.2x |
| Wed, 09 Nov 2022 | RM 203.6b | RM 171.9b | RM 16.8b | 11.1x | 12.1x | 1.2x |
| Fri, 07 Oct 2022 | RM 197.2b | RM 171.3b | RM 16.8b | 11.2x | 11.8x | 1.2x |
| Sun, 04 Sep 2022 | RM 206.4b | RM 170.9b | RM 16.8b | 11.2x | 12.3x | 1.2x |
| Tue, 02 Aug 2022 | RM 208.1b | RM 160.0b | RM 15.6b | 12.2x | 13.3x | 1.3x |
| Thu, 30 Jun 2022 | RM 204.2b | RM 159.4b | RM 15.5b | 12.2x | 13.2x | 1.3x |
| Sat, 28 May 2022 | RM 222.6b | RM 154.9b | RM 15.1b | 14.6x | 14.8x | 1.4x |
| Mon, 25 Apr 2022 | RM 233.4b | RM 149.0b | RM 14.1b | 15.8x | 16.6x | 1.6x |
| Wed, 23 Mar 2022 | RM 226.6b | RM 149.5b | RM 14.3b | 15.6x | 15.8x | 1.5x |
| Fri, 18 Feb 2022 | RM 223.1b | RM 139.8b | RM 12.9b | 15.7x | 17.3x | 1.6x |
| Sun, 16 Jan 2022 | RM 202.6b | RM 137.0b | RM 12.6b | 13.7x | 16.1x | 1.5x |
| Tue, 14 Dec 2021 | RM 196.6b | RM 136.6b | RM 12.5b | 14.2x | 15.7x | 1.4x |
| Thu, 11 Nov 2021 | RM 202.2b | RM 127.8b | RM 11.3b | 14.7x | 18x | 1.6x |
| Sat, 09 Oct 2021 | RM 211.4b | RM 127.5b | RM 11.2b | 14.6x | 18.9x | 1.7x |
| Mon, 06 Sep 2021 | RM 205.9b | RM 127.2b | RM 11.2b | 14.7x | 18.4x | 1.6x |
| Wed, 04 Aug 2021 | RM 195.2b | RM 127.2b | RM 11.2b | 14.1x | 17.4x | 1.5x |
Price to Earnings Ratio
17.4x
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 19.6x 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 | -1.54% | |
| Consumer Staples | -1.85% | |
| Food | -2.14% | |
| Agricultural Products | -1.25% | |
| Packaged Foods and Meats | -3.35% | |
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 11.3%, 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 11% 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 9.0% 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 | |
|---|---|---|---|---|---|
| UTDPLT United Plantations Berhad | RM 25.90 | 3.6% +RM 373.3m | 62.5% | PE14.2x | |
| SOP Sarawak Oil Palms Berhad | RM 2.97 | 2.8% +RM 71.3m | 15.1% | PE7.9x | |
| KRETAM Kretam Holdings Berhad | RM 0.60 | 3.4% +RM 45.8m | -0.8% | PE13.8x | |
| HUPSENG Hup Seng Industries Berhad | RM 1.15 | 4.5% +RM 40.0m | 72.9% | PE18.6x | |
| APOLLO Apollo Food Holdings Berhad | RM 7.09 | 5.8% +RM 31.2m | 66.0% | PE10.5x |
