Why Perdana Petroleum Berhad's (KLSE:PERDANA) Shaky Earnings Are Just The Beginning Of Its Problems
Apr 28
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- 7D1.3%
- 3M14.5%
- 1Y24.2%
- YTD13.3%
In the last week, the Energy Services industry is up 1.3%, with Dialog Group Berhad leading the way, up 1.3%. In the last 12 months, the industry was up 24%. As for the next few years, earnings are expected to grow by 3.2% 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 |
|---|---|---|---|---|---|---|
| Fri, 01 May 2026 | RM 34.9b | RM 24.9b | RM 6.3b | 7.6x | 5.6x | 1.4x |
| Sun, 29 Mar 2026 | RM 34.2b | RM 25.2b | RM 6.5b | 6.8x | 5.2x | 1.4x |
| Tue, 24 Feb 2026 | RM 31.6b | RM 26.5b | RM 7.0b | 6.7x | 4.5x | 1.2x |
| Thu, 22 Jan 2026 | RM 30.8b | RM 26.6b | RM 6.7b | 6.7x | 4.6x | 1.2x |
| Sat, 20 Dec 2025 | RM 31.0b | RM 26.6b | RM 6.7b | 6.7x | 4.6x | 1.2x |
| Mon, 17 Nov 2025 | RM 29.8b | RM 22.8b | RM 2.9b | 7.2x | 10.1x | 1.3x |
| Wed, 15 Oct 2025 | RM 31.1b | RM 23.3b | RM 2.8b | 7.2x | 11.3x | 1.3x |
| Fri, 12 Sep 2025 | RM 29.6b | RM 24.1b | RM 2.9b | 6.9x | 10.4x | 1.2x |
| Sun, 10 Aug 2025 | RM 29.3b | RM 25.5b | RM 3.3b | 5.6x | 8.9x | 1.1x |
| Tue, 08 Jul 2025 | RM 28.5b | RM 26.5b | RM 3.4b | 5.7x | 8.5x | 1.1x |
| Thu, 05 Jun 2025 | RM 26.5b | RM 26.4b | RM 3.4b | 5.7x | 7.9x | 1x |
| Sat, 03 May 2025 | RM 25.8b | RM 27.5b | RM 3.1b | 5.9x | 8.4x | 0.9x |
| Mon, 31 Mar 2025 | RM 28.8b | RM 27.5b | RM 3.1b | 6.6x | 9.3x | 1x |
| Wed, 26 Feb 2025 | RM 29.0b | RM 29.7b | RM 3.0b | 6.5x | 9.7x | 1x |
| Fri, 24 Jan 2025 | RM 33.5b | RM 30.3b | RM 3.3b | 7.2x | 10.1x | 1.1x |
| Sun, 22 Dec 2024 | RM 32.1b | RM 30.3b | RM 3.3b | 6.5x | 9.6x | 1.1x |
| Tue, 19 Nov 2024 | RM 33.5b | RM 31.2b | RM 3.1b | 7.7x | 10.7x | 1.1x |
| Thu, 17 Oct 2024 | RM 34.5b | RM 30.9b | RM 3.0b | 8.2x | 11.6x | 1.1x |
| Sat, 14 Sep 2024 | RM 35.3b | RM 31.8b | RM 3.0b | 8.7x | 11.8x | 1.1x |
| Mon, 12 Aug 2024 | RM 36.7b | RM 30.9b | RM 2.1b | 11.1x | 17.3x | 1.2x |
| Wed, 10 Jul 2024 | RM 38.4b | RM 30.9b | RM 2.1b | 11.7x | 18.1x | 1.2x |
| Fri, 07 Jun 2024 | RM 37.8b | RM 31.7b | RM 2.1b | 11.4x | 17.7x | 1.2x |
| Sun, 05 May 2024 | RM 35.5b | RM 30.2b | RM 1.8b | 12.2x | 19.7x | 1.2x |
| Tue, 02 Apr 2024 | RM 34.3b | RM 30.2b | RM 1.8b | 11.9x | 19x | 1.1x |
| Thu, 29 Feb 2024 | RM 33.1b | RM 29.5b | RM 2.2b | 11.3x | 14.8x | 1.1x |
| Sat, 27 Jan 2024 | RM 30.9b | RM 29.4b | RM 1.0b | 10.8x | 30.8x | 1.1x |
| Mon, 25 Dec 2023 | RM 30.3b | RM 29.4b | RM 1.0b | 9.2x | 30.2x | 1x |
| Wed, 22 Nov 2023 | RM 31.3b | RM 27.9b | RM 888.2m | 10.4x | 35.2x | 1.1x |
| Fri, 20 Oct 2023 | RM 31.5b | RM 27.7b | RM 979.7m | 10.1x | 32.1x | 1.1x |
| Sun, 17 Sep 2023 | RM 32.5b | RM 26.2b | RM 883.4m | 11.7x | 36.8x | 1.2x |
| Tue, 15 Aug 2023 | RM 31.3b | RM 24.5b | RM 639.9m | 9.9x | 48.9x | 1.3x |
| Thu, 13 Jul 2023 | RM 30.7b | RM 24.5b | RM 639.9m | 9.3x | 48.1x | 1.3x |
| Sat, 10 Jun 2023 | RM 29.5b | RM 22.2b | RM 502.2m | 10.8x | 58.6x | 1.3x |
| Mon, 08 May 2023 | RM 31.4b | RM 21.4b | RM 419.8m | 12.3x | 74.8x | 1.5x |
Price to Earnings Ratio
74.8x
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 5.6x which is lower than its 3-year average PE of 20.3x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 146% per year over the last three years.
- Revenues for these companies have grown 5.2% 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 | 0.34% | |
| Energy | 1.25% | |
| Energy Services | 1.30% | |
| Oil and Gas Drilling | 6.25% | |
| Oil and Gas Services | 0.89% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry even though it's trading below its 3-year average PE ratio of 36.2x.
- Analysts are expecting annual earnings decline of 7.9%, which is worse than the prior year's decline of 2.7%.
- Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 18.9x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 4.2% over the next 5 years.
- This is better than its past earnings decline of 0.2% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings decline by 7.9% 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 | |
|---|---|---|---|---|---|
| DIALOG Dialog Group Berhad | RM 2.27 | 1.3% +RM 169.3m | 55.5% | PE22.9x | |
| VELESTO Velesto Energy Berhad | RM 0.34 | 6.3% +RM 165.2m | 119.4% | PE13.9x | |
| DAYANG Dayang Enterprise Holdings Bhd | RM 2.02 | 5.8% +RM 127.4m | 17.4% | PE11.1x | |
| KEYFIELD Keyfield International Berhad | RM 1.75 | 5.4% +RM 72.6m | -5.9% | PE9.9x | |
| PERDANA Perdana Petroleum Berhad | RM 0.20 | 13.9% +RM 55.7m | 10.8% | PE7.9x |