Barakah Offshore Petroleum Berhad (KLSE:BARAKAH) Might Not Be As Mispriced As It Looks After Plunging 29%
Sep 16
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Malaysian (KLSE) Energy Services Industry Analysis
UpdatedSep 19, 2024
DataAggregated Company Financials
Companies22
- 7D1.1%
- 3M-8.2%
- 1Y0.1%
- YTD8.2%
Over the last 7 days, the Energy Services industry has risen 1.1%, driven by gains from Keyfield International Berhad of 14%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the Malaysian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 19 Sep 2024 | RM 34.8b | RM 31.8b | RM 3.0b | 8.7x | 11.6x | 1.1x |
| Sat, 17 Aug 2024 | RM 38.5b | RM 31.1b | RM 2.2b | 10.9x | 17.8x | 1.2x |
| Mon, 15 Jul 2024 | RM 38.1b | RM 30.9b | RM 2.1b | 11.9x | 18x | 1.2x |
| Wed, 12 Jun 2024 | RM 37.9b | RM 31.7b | RM 2.1b | 11.7x | 17.7x | 1.2x |
| Fri, 10 May 2024 | RM 36.4b | RM 30.2b | RM 1.8b | 12.6x | 20.2x | 1.2x |
| Sun, 07 Apr 2024 | RM 34.9b | RM 30.2b | RM 1.8b | 12.5x | 19.4x | 1.2x |
| Tue, 05 Mar 2024 | RM 33.0b | RM 30.0b | RM 1.6b | 11.4x | 20.5x | 1.1x |
| Thu, 01 Feb 2024 | RM 31.0b | RM 29.4b | RM 1.0b | 10.8x | 30.9x | 1.1x |
| Sat, 30 Dec 2023 | RM 30.3b | RM 29.4b | RM 1.0b | 9.4x | 30.2x | 1x |
| Mon, 27 Nov 2023 | RM 30.6b | RM 28.1b | RM 926.2m | 10x | 33x | 1.1x |
| Wed, 25 Oct 2023 | RM 31.7b | RM 27.7b | RM 979.7m | 10.1x | 32.4x | 1.1x |
| Fri, 22 Sep 2023 | RM 32.2b | RM 26.2b | RM 883.4m | 11.5x | 36.4x | 1.2x |
| Sun, 20 Aug 2023 | RM 30.7b | RM 25.1b | RM 237.7m | 9.9x | 129.1x | 1.2x |
| Tue, 18 Jul 2023 | RM 30.8b | RM 24.5b | RM 639.9m | 9.4x | 48.1x | 1.3x |
| Thu, 15 Jun 2023 | RM 29.6b | RM 22.2b | RM 502.2m | 10.7x | 58.9x | 1.3x |
| Sat, 13 May 2023 | RM 31.4b | RM 21.4b | RM 417.2m | 12.6x | 75.2x | 1.5x |
| Mon, 10 Apr 2023 | RM 32.5b | RM 21.4b | RM 422.9m | 13.1x | 76.9x | 1.5x |
| Wed, 08 Mar 2023 | RM 33.0b | RM 20.2b | RM 287.3m | 14.4x | 114.9x | 1.6x |
| Fri, 03 Feb 2023 | RM 34.1b | RM 19.1b | -RM 739,460,229.00 | 16.2x | -46.1x | 1.8x |
| Sun, 01 Jan 2023 | RM 30.1b | RM 19.8b | -RM 656,704,188.00 | 14.9x | -45.8x | 1.5x |
| Tue, 29 Nov 2022 | RM 28.1b | RM 19.3b | -RM 731,009,188.00 | 16.9x | -38.4x | 1.5x |
| Thu, 27 Oct 2022 | RM 24.8b | RM 18.6b | -RM 944,943,466.00 | 16.4x | -26.3x | 1.3x |
| Sat, 24 Sep 2022 | RM 26.9b | RM 18.6b | -RM 944,943,466.00 | 17.2x | -28.5x | 1.5x |
| Mon, 22 Aug 2022 | RM 26.7b | RM 22.2b | -RM 73,925,225.00 | 14.7x | -361.3x | 1.2x |
| Wed, 20 Jul 2022 | RM 23.4b | RM 21.8b | -RM 206,470,225.00 | 13.2x | -113.1x | 1.1x |
| Fri, 17 Jun 2022 | RM 24.5b | RM 21.8b | -RM 214,470,225.00 | 11.8x | -114.3x | 1.1x |
| Sun, 15 May 2022 | RM 26.4b | RM 21.2b | -RM 164,838,153.00 | 13.4x | -160.3x | 1.2x |
| Tue, 12 Apr 2022 | RM 26.0b | RM 15.4b | -RM 44,052,712.00 | 12.2x | -591.1x | 1.7x |
| Thu, 10 Mar 2022 | RM 30.6b | RM 26.8b | -RM 2,656,521,771.00 | 13.1x | -11.5x | 1.1x |
| Sat, 05 Feb 2022 | RM 33.3b | RM 26.9b | -RM 1,948,872,817.00 | 16.3x | -17.1x | 1.2x |
| Mon, 03 Jan 2022 | RM 31.6b | RM 26.9b | -RM 1,324,993,171.00 | 14.6x | -23.8x | 1.2x |
| Wed, 01 Dec 2021 | RM 31.3b | RM 28.2b | -RM 637,643,171.00 | 13.5x | -49x | 1.1x |
| Fri, 29 Oct 2021 | RM 34.8b | RM 28.4b | -RM 1,031,788,100.00 | 15.7x | -33.7x | 1.2x |
| Sun, 26 Sep 2021 | RM 30.2b | RM 29.2b | RM 644.2m | 13.4x | 46.9x | 1x |
Price to Earnings Ratio
46.9x
Current Industry PE
- Investors are pessimistic on the Malaysian Energy Services 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 11.6x which is higher than its 3-year average PE of -51.8x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 67% per year over the last three years.
- Revenues for these companies have grown 2.9% 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 Energy industry?
| MY Market | 2.04% | |
| Energy | 2.11% | |
| Energy Services | 1.08% | |
| Oil and Gas Drilling | 8.33% | |
| Oil and Gas Services | 0.75% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Services industry even though it's trading below its 3-year average PE ratio of 61.1x.
- Analysts are expecting annual earnings growth of 11.9%, which is lower than the prior year's growth of 49.2% per year.
- Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading below its 3-year average of 26.0x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 49% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 6.3% 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 | |
|---|---|---|---|---|---|
| YINSON Yinson Holdings Berhad | RM 2.84 | 3.3% +RM 290.3m | 13.1% | PE10.3x | |
| KEYFIELD Keyfield International Berhad | RM 2.27 | 14.1% +RM 224.8m | n/a | PE10.8x | |
| VELESTO Velesto Energy Berhad | RM 0.20 | 5.3% +RM 82.2m | -23.1% | PE9.3x | |
| ARMADA Bumi Armada Berhad | RM 0.49 | 2.1% +RM 59.3m | -11.7% | PE5.6x | |
| DAYANG Dayang Enterprise Holdings Bhd | RM 2.24 | 2.3% +RM 57.9m | 16.7% | PE7.9x |
