Analysis Article • Aug 23
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- 7D0.6%
- 3M-5.6%
- 1Y-5.9%
- YTD-3.4%
Over the last 7 days, the Energy Services industry has remained flat, although notably Velesto Energy Berhad declined by 7.5%. As for the longer term, the industry has declined 5.9% in the last year. As for the next few years, earnings are expected to grow by 7.1% 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 |
|---|---|---|---|---|---|---|
| Mon, 24 Aug 2026 | RM 29.9b | RM 25.2b | RM 6.7b | 8.2x | 4.5x | 1.2x |
| Wed, 22 Jul 2026 | RM 29.8b | RM 24.6b | RM 6.7b | 7.1x | 4.5x | 1.2x |
| Fri, 19 Jun 2026 | RM 30.6b | RM 24.9b | RM 6.8b | 6.8x | 4.5x | 1.2x |
| Sun, 17 May 2026 | RM 33.0b | RM 24.9b | RM 6.3b | 7.5x | 5.2x | 1.3x |
| Tue, 14 Apr 2026 | RM 35.2b | RM 24.9b | RM 6.3b | 7.1x | 5.6x | 1.4x |
| Thu, 12 Mar 2026 | RM 33.2b | RM 25.4b | RM 7.0b | 7.6x | 4.8x | 1.3x |
| Sat, 07 Feb 2026 | RM 29.9b | RM 26.6b | RM 6.7b | 6.2x | 4.5x | 1.1x |
| Mon, 05 Jan 2026 | RM 30.7b | RM 26.6b | RM 6.7b | 6.6x | 4.6x | 1.2x |
| Wed, 03 Dec 2025 | RM 29.5b | RM 22.7b | RM 2.8b | 6.7x | 10.6x | 1.3x |
| Fri, 31 Oct 2025 | RM 30.4b | RM 23.3b | RM 2.8b | 6.8x | 11x | 1.3x |
| Sun, 28 Sep 2025 | RM 31.5b | RM 23.3b | RM 2.8b | 7.4x | 11.4x | 1.4x |
| Tue, 26 Aug 2025 | RM 30.7b | RM 24.3b | RM 3.1b | 6.1x | 9.9x | 1.3x |
| Thu, 24 Jul 2025 | RM 28.9b | RM 25.5b | RM 3.3b | 6x | 8.8x | 1.1x |
| Sat, 21 Jun 2025 | RM 28.0b | RM 26.5b | RM 3.4b | 5.9x | 8.3x | 1.1x |
| Mon, 19 May 2025 | RM 28.2b | RM 27.4b | RM 3.1b | 6.3x | 9.2x | 1x |
| Wed, 16 Apr 2025 | RM 24.2b | RM 27.5b | RM 3.1b | 5.7x | 7.8x | 0.9x |
| Fri, 14 Mar 2025 | RM 27.2b | RM 28.9b | RM 3.3b | 6.1x | 8.4x | 0.9x |
| Sun, 09 Feb 2025 | RM 32.8b | RM 30.3b | RM 3.3b | 7.1x | 9.9x | 1.1x |
| Tue, 07 Jan 2025 | RM 33.9b | RM 30.3b | RM 3.3b | 6.9x | 10.2x | 1.1x |
| Thu, 05 Dec 2024 | RM 32.4b | RM 31.3b | RM 3.4b | 6.2x | 9.7x | 1x |
| Sat, 02 Nov 2024 | RM 34.2b | RM 30.9b | RM 3.0b | 8.1x | 11.5x | 1.1x |
| Mon, 30 Sep 2024 | RM 35.0b | RM 31.8b | RM 3.0b | 8.5x | 11.7x | 1.1x |
| Wed, 28 Aug 2024 | RM 38.8b | RM 31.3b | RM 2.9b | 9.9x | 13.3x | 1.2x |
| Fri, 26 Jul 2024 | RM 37.4b | RM 30.9b | RM 2.1b | 11.9x | 17.7x | 1.2x |
| Sun, 23 Jun 2024 | RM 37.3b | RM 30.9b | RM 2.1b | 11.9x | 17.6x | 1.2x |
| Tue, 21 May 2024 | RM 36.4b | RM 30.1b | RM 1.8b | 12.4x | 19.8x | 1.2x |
| Thu, 18 Apr 2024 | RM 34.4b | RM 30.2b | RM 1.8b | 11.9x | 19.1x | 1.1x |
| Sat, 16 Mar 2024 | RM 33.4b | RM 29.5b | RM 1.7b | 11.9x | 19.8x | 1.1x |
| Mon, 12 Feb 2024 | RM 30.6b | RM 28.7b | RM 2.0b | 11.8x | 15.6x | 1.1x |
| Wed, 10 Jan 2024 | RM 30.9b | RM 29.4b | RM 1.0b | 9.6x | 30.8x | 1.1x |
| Fri, 08 Dec 2023 | RM 29.3b | RM 28.3b | RM 920.8m | 9.1x | 31.8x | 1x |
| Sun, 05 Nov 2023 | RM 31.5b | RM 27.7b | RM 979.7m | 10.1x | 32.2x | 1.1x |
| Tue, 03 Oct 2023 | RM 32.0b | RM 27.7b | RM 1.1b | 9.8x | 29.6x | 1.2x |
| Thu, 31 Aug 2023 | RM 30.5b | RM 25.4b | RM 309.7m | 11.3x | 98.6x | 1.2x |
Price to Earnings Ratio
98.6x
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 4.5x which is lower than its 3-year average PE of 14.4x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 178% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Malaysian Energy industry?
| MY Market | 0.38% | |
| Energy | 0.80% | |
| Energy Services | 0.65% | |
| Oil and Gas Services | 1.30% | |
| Oil and Gas Drilling | -7.41% | |
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 41.9x.
- Analysts are expecting annual earnings growth of 3.7%, which is higher than its past year's earnings decline of 36.6% per year.
- Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 7.4% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 3.7% 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 1.98 | 1.5% +RM 169.3m | 6.5% | PE18.8x | |
| YINSON Yinson Holdings Berhad | RM 2.05 | 1.5% +RM 87.7m | -12.4% | PE16.4x | |
| MHB Malaysia Marine and Heavy Engineering Holdings Berhad | RM 0.40 | 11.3% +RM 64.0m | 16.2% | PE4.1x | |
| LFG Lianson Fleet Group Berhad | RM 1.42 | 2.9% +RM 45.7m | -16.0% | PE14.4x | |
| ARMADA Bumi Armada Berhad | RM 0.34 | 1.5% +RM 29.6m | -10.4% | PE6.9x |