Returns On Capital At Gamuda Berhad (KLSE:GAMUDA) Have Hit The Brakes
Dec 01
Malaysian (KLSE) Industrials Sector Analysis
UpdatedDec 05, 2023
DataAggregated Company Financials
Companies275
- 7D-1.1%
- 3M0.2%
- 1Y1.6%
- YTD2.6%
Over the last 7 days, the Industrials industry has dropped 1.1%, driven by a pullback from Hap Seng Consolidated Berhad of 5.4%. On the other hand WCE Holdings Berhad is actually up 11%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 14% annually.
Sector Valuation and Performance
Has the Malaysian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | RM226.1b | RM230.5b | RM1.1b | 17.2x | 209.2x | 1x |
| Thu, 02 Nov 2023 | RM225.0b | RM225.6b | RM1.5b | 17.4x | 152.3x | 1x |
| Sat, 30 Sep 2023 | RM224.4b | RM224.4b | RM1.5b | 17.3x | 147.2x | 1x |
| Mon, 28 Aug 2023 | RM221.9b | RM221.9b | RM1.3b | 16.2x | 171.2x | 1x |
| Wed, 26 Jul 2023 | RM216.9b | RM218.1b | RM52.8m | 15.6x | 4109.2x | 1x |
| Fri, 23 Jun 2023 | RM212.3b | RM217.3b | RM215.1m | 15.3x | 986.9x | 1x |
| Sun, 21 May 2023 | RM215.4b | RM426.3b | RM41.0b | 15.6x | 5.3x | 0.5x |
| Tue, 18 Apr 2023 | RM220.5b | RM215.2b | RM33.3b | 16.1x | 6.6x | 1x |
| Thu, 16 Mar 2023 | RM216.2b | RM214.7b | RM33.2b | 16.1x | 6.5x | 1x |
| Sat, 11 Feb 2023 | RM227.9b | RM210.2b | RM43.9b | 14x | 5.2x | 1.1x |
| Mon, 09 Jan 2023 | RM212.6b | RM208.4b | RM43.5b | 13.6x | 4.9x | 1x |
| Wed, 07 Dec 2022 | RM209.3b | RM207.7b | RM43.6b | 13.8x | 4.8x | 1x |
| Fri, 04 Nov 2022 | RM198.8b | RM198.2b | RM42.4b | 14.2x | 4.7x | 1x |
| Sun, 02 Oct 2022 | RM193.9b | RM197.7b | RM42.4b | 13.9x | 4.6x | 1x |
| Tue, 30 Aug 2022 | RM202.0b | RM195.0b | RM41.9b | 14.4x | 4.8x | 1x |
| Thu, 28 Jul 2022 | RM200.8b | RM188.9b | RM8.6b | 13.9x | 23.3x | 1.1x |
| Sat, 25 Jun 2022 | RM196.0b | RM188.7b | RM8.5b | 14x | 23x | 1x |
| Mon, 23 May 2022 | RM207.4b | RM183.2b | RM8.5b | 15x | 24.4x | 1.1x |
| Wed, 20 Apr 2022 | RM212.7b | RM182.7b | RM8.5b | 16.3x | 25x | 1.2x |
| Fri, 18 Mar 2022 | RM211.0b | RM187.0b | RM9.0b | 15.3x | 23.4x | 1.1x |
| Sun, 13 Feb 2022 | RM216.9b | RM184.0b | RM7.1b | 16.8x | 30.6x | 1.2x |
| Tue, 11 Jan 2022 | RM220.0b | RM183.7b | RM7.0b | 18.3x | 31.2x | 1.2x |
| Thu, 09 Dec 2021 | RM212.8b | RM184.7b | RM7.1b | 16.6x | 30.1x | 1.2x |
| Sat, 06 Nov 2021 | RM225.8b | RM186.6b | RM6.6b | 18.8x | 34.1x | 1.2x |
| Mon, 04 Oct 2021 | RM221.1b | RM186.5b | RM6.6b | 16.2x | 33.3x | 1.2x |
| Wed, 01 Sep 2021 | RM224.5b | RM183.1b | RM6.0b | 18.5x | 37.6x | 1.2x |
| Thu, 08 Jul 2021 | RM208.0b | RM183.0b | RM5.9b | 17x | 35.1x | 1.1x |
| Wed, 31 Mar 2021 | RM219.3b | RM172.3b | RM4.4b | 19.6x | 50.3x | 1.3x |
| Sat, 02 Jan 2021 | RM212.4b | RM169.0b | RM2.3b | 20.5x | 93.1x | 1.3x |
Price to Earnings Ratio
93.1x
Current Industry PE
- Investors are optimistic on the Malaysian Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 209x which is higher than its 3-year average PE of -386x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.98x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 11% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials sector?
| MY Market | -0.46% | |
| Industrials | -1.07% | |
| Professional Services | 1.42% | |
| Transportation | 0.86% | |
| Building | 0.51% | |
| Infrastructure | 0.049% | |
| Aerospace & Defense | 0% | |
| Marine and Shipping | -0.21% | |
| Construction | -1.41% | |
| Industrials | -1.58% | |
| Machinery | -1.67% | |
| Commercial Services | -1.70% | |
| Electrical | -2.20% | |
| Trade Distributors | -2.33% | |
| Logistics | -2.51% | |
| Airlines | -6.67% | |
Industry PE
- Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio of 44.6x.
- Analysts are expecting annual earnings growth of 31.8%, which is higher than its past year's earnings decline of 16.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 111% over the next 5 years.
- In contrast, the Industrials industry is expected to see its earnings grow by 2.3% 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 | |
|---|---|---|---|---|---|
| WCEHB WCE Holdings Berhad | RM0.83 | 11.4% +RM254.0m | 172.1% | PE24.3x | |
| IJM IJM Corporation Berhad | RM1.90 | 2.2% +RM140.2m | 19.5% | PE22.8x | |
| SUNWAY Sunway Berhad | RM1.91 | -2.1% RM100.0m | 12.4% | PE15.4x | |
| WPRTS Westports Holdings Berhad | RM3.53 | 0.6% +RM68.2m | 0.3% | PE14.9x | |
| KGB Kelington Group Berhad | RM1.95 | 4.8% +RM58.0m | 33.6% | PE14.8x |
