Is Dayang Enterprise Holdings Bhd (KLSE:DAYANG) Using Too Much Debt?
Jul 03
Malaysian (KLSE) Energy Services Industry Analysis
UpdatedJul 04, 2024
DataAggregated Company Financials
Companies20
- 7D2.9%
- 3M2.3%
- 1Y19.3%
- YTD19.7%
Over the last 7 days, the Energy Services industry has risen 2.9%, driven by gains in Dialog Group Berhad and Dayang Enterprise Holdings Bhd of 2.1% and 7.8%, respectively. Meanwhile, Icon Offshore Berhad actually underperformed within the industry, shrinking 5.7% in the last week. In the last 12 months, the industry was up 19%. As for the next few years, earnings are expected to grow by 14% 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, 04 Jul 2024 | RM 38.4b | RM 30.9b | RM 2.1b | 11.8x | 18.1x | 1.2x |
| Sat, 01 Jun 2024 | RM 35.3b | RM 30.9b | RM 1.9b | 11.3x | 18.6x | 1.1x |
| Mon, 29 Apr 2024 | RM 35.6b | RM 30.2b | RM 1.8b | 12.3x | 19.7x | 1.2x |
| Wed, 27 Mar 2024 | RM 33.6b | RM 30.2b | RM 1.8b | 12.2x | 18.6x | 1.1x |
| Fri, 23 Feb 2024 | RM 33.8b | RM 29.5b | RM 2.0b | 11.8x | 17.2x | 1.1x |
| Sun, 21 Jan 2024 | RM 29.7b | RM 29.4b | RM 1.0b | 9.7x | 29.6x | 1x |
| Tue, 19 Dec 2023 | RM 29.5b | RM 29.4b | RM 1.0b | 9.3x | 29.4x | 1x |
| Thu, 16 Nov 2023 | RM 31.6b | RM 28.0b | RM 859.4m | 10.3x | 36.7x | 1.1x |
| Sat, 14 Oct 2023 | RM 31.6b | RM 27.7b | RM 979.7m | 10.4x | 32.2x | 1.1x |
| Mon, 11 Sep 2023 | RM 31.3b | RM 26.2b | RM 883.4m | 11.3x | 35.4x | 1.2x |
| Wed, 09 Aug 2023 | RM 31.1b | RM 24.5b | RM 639.9m | 10.2x | 48.6x | 1.3x |
| Fri, 07 Jul 2023 | RM 30.1b | RM 24.5b | RM 639.9m | 9.4x | 47.1x | 1.2x |
| Sun, 04 Jun 2023 | RM 30.5b | RM 22.2b | RM 502.2m | 10.9x | 60.8x | 1.4x |
| Tue, 02 May 2023 | RM 32.0b | RM 21.4b | RM 419.8m | 12.6x | 76.3x | 1.5x |
| Thu, 30 Mar 2023 | RM 31.8b | RM 21.4b | RM 422.9m | 14.6x | 75.1x | 1.5x |
| Sat, 25 Feb 2023 | RM 32.7b | RM 19.8b | RM 56.7m | 15.5x | 576.5x | 1.6x |
| Mon, 23 Jan 2023 | RM 32.4b | RM 19.8b | -RM 656,704,188.00 | 15.7x | -49.3x | 1.6x |
| Wed, 21 Dec 2022 | RM 29.5b | RM 18.8b | -RM 714,704,188.00 | 15.3x | -41.2x | 1.6x |
| Fri, 18 Nov 2022 | RM 26.6b | RM 18.6b | -RM 775,993,069.00 | 17.2x | -34.3x | 1.4x |
| Sun, 16 Oct 2022 | RM 23.8b | RM 18.6b | -RM 944,943,466.00 | 16.4x | -25.2x | 1.3x |
| Tue, 13 Sep 2022 | RM 27.4b | RM 18.0b | -RM 961,943,466.00 | 17.1x | -28.5x | 1.5x |
| Thu, 11 Aug 2022 | RM 25.7b | RM 21.8b | -RM 206,470,225.00 | 14.7x | -124.4x | 1.2x |
| Sat, 09 Jul 2022 | RM 24.2b | RM 21.8b | -RM 206,470,225.00 | 13.8x | -117.2x | 1.1x |
| Mon, 06 Jun 2022 | RM 26.7b | RM 21.8b | -RM 214,470,225.00 | 13.6x | -124.4x | 1.2x |
| Wed, 04 May 2022 | RM 27.7b | RM 15.4b | -RM 44,775,993.00 | 13.7x | -619.6x | 1.8x |
| Fri, 01 Apr 2022 | RM 28.7b | RM 15.4b | -RM 44,052,712.00 | 13.1x | -650.5x | 1.9x |
| Sun, 27 Feb 2022 | RM 32.2b | RM 27.0b | -RM 2,431,979,458.00 | 15.7x | -13.2x | 1.2x |
| Tue, 25 Jan 2022 | RM 31.7b | RM 26.9b | -RM 1,948,872,817.00 | 15.2x | -16.3x | 1.2x |
| Thu, 23 Dec 2021 | RM 29.5b | RM 26.9b | -RM 1,324,993,171.00 | 14.1x | -22.3x | 1.1x |
| Sat, 20 Nov 2021 | RM 34.3b | RM 28.6b | -RM 912,980,171.00 | 15.2x | -37.6x | 1.2x |
| Mon, 18 Oct 2021 | RM 36.2b | RM 28.4b | -RM 1,031,788,100.00 | 15.8x | -35.1x | 1.3x |
| Wed, 15 Sep 2021 | RM 32.1b | RM 29.1b | RM 639.1m | 13.8x | 50.2x | 1.1x |
| Fri, 13 Aug 2021 | RM 31.2b | RM 29.2b | RM 668.8m | 15.2x | 46.6x | 1.1x |
Price to Earnings Ratio
47.7x
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 18.1x which is higher than its 3-year average PE of -51.9x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 47% 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 | 1.89% | |
| Energy | 2.30% | |
| Energy Services | 2.88% | |
| Oil and Gas Drilling | 7.69% | |
| Oil and Gas Services | 2.59% | |
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 62.7x.
- Analysts are expecting annual earnings growth of 13.7%, which is lower than the prior year's growth of 52.3% per year.
- Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading below its 3-year average of 25.6x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 19% over the next 5 years.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| DAYANG Dayang Enterprise Holdings Bhd | RM 2.88 | 9.1% +RM 277.9m | 113.3% | PE12.7x | |
| KEYFIELD Keyfield International Berhad | RM 2.60 | 9.2% +RM 176.0m | n/a | PE16.2x | |
| VELESTO Velesto Energy Berhad | RM 0.28 | 5.7% +RM 123.2m | 24.4% | PE17.4x | |
| ARMADA Bumi Armada Berhad | RM 0.57 | 3.6% +RM 118.6m | 16.2% | PE9.2x | |
| DIALOG Dialog Group Berhad | RM 2.44 | 0.8% +RM 112.9m | 14.0% | PE24.4x |
