SKB Shutters Corporation Berhad's (KLSE:SKBSHUT) Solid Profits Have Weak Fundamentals
Dec 05
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Malaysian (KLSE) Building Industry Analysis
UpdatedDec 31, 2024
DataAggregated Company Financials
Companies20
- 7D0.8%
- 3M-0.2%
- 1Y-9.2%
- YTD-6.7%
Last week, the Building industry hasn't moved much but SKB Shutters Corporation Berhad is up 9.9% in that time. Unfortunately though, the industry is down 9.4% over the past 12 months. As for the next few years, earnings are expected to grow by 41% per annum.
Industry Valuation and Performance
Has the Malaysian Building Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | RM 3.6b | RM 3.3b | RM 74.5m | 21.6x | 48.7x | 1.1x |
| Thu, 28 Nov 2024 | RM 3.2b | RM 3.3b | RM 83.5m | 21.4x | 37.7x | 0.9x |
| Sat, 26 Oct 2024 | RM 3.3b | RM 3.3b | RM 75.0m | 25.1x | 43.5x | 1x |
| Mon, 23 Sep 2024 | RM 3.2b | RM 3.3b | RM 70.1m | 23.8x | 46.1x | 1x |
| Wed, 21 Aug 2024 | RM 3.4b | RM 3.3b | RM 81.0m | 18.7x | 41.8x | 1x |
| Fri, 19 Jul 2024 | RM 3.5b | RM 3.2b | RM 87.0m | 14.5x | 40.4x | 1.1x |
| Sun, 16 Jun 2024 | RM 3.4b | RM 3.3b | RM 89.8m | 16.6x | 38.4x | 1.1x |
| Tue, 14 May 2024 | RM 3.2b | RM 3.2b | RM 65.2m | 17.5x | 49.6x | 1x |
| Thu, 11 Apr 2024 | RM 3.3b | RM 3.2b | RM 142.7m | 9.2x | 23.4x | 1x |
| Sat, 09 Mar 2024 | RM 3.1b | RM 3.2b | RM 133.6m | 9x | 23.5x | 1x |
| Mon, 05 Feb 2024 | RM 3.1b | RM 3.2b | RM 116.1m | 13x | 27x | 1x |
| Wed, 03 Jan 2024 | RM 3.5b | RM 3.1b | RM 122.0m | 12.6x | 28.5x | 1.1x |
| Fri, 01 Dec 2023 | RM 3.3b | RM 3.1b | RM 118.0m | 12x | 28x | 1.1x |
| Sun, 29 Oct 2023 | RM 3.1b | RM 3.0b | RM 102.5m | 9.8x | 30.3x | 1x |
| Tue, 26 Sep 2023 | RM 3.0b | RM 2.9b | RM 101.9m | 8.7x | 29.3x | 1x |
| Thu, 24 Aug 2023 | RM 2.8b | RM 2.9b | RM 78.8m | 9.9x | 35.8x | 1x |
| Sat, 22 Jul 2023 | RM 2.8b | RM 2.9b | RM 68.6m | 10.8x | 40.2x | 1x |
| Mon, 19 Jun 2023 | RM 2.7b | RM 2.9b | RM 68.1m | 10.3x | 39.7x | 0.9x |
| Wed, 17 May 2023 | RM 2.6b | RM 3.0b | RM 123.2m | 12.2x | 20.7x | 0.9x |
| Fri, 14 Apr 2023 | RM 2.7b | RM 2.9b | RM 84.9m | 16.8x | 31.3x | 0.9x |
| Sun, 12 Mar 2023 | RM 2.6b | RM 2.9b | RM 93.8m | 16.3x | 27.9x | 0.9x |
| Tue, 07 Feb 2023 | RM 2.7b | RM 3.0b | RM 170.5m | 12.4x | 16.1x | 0.9x |
| Thu, 05 Jan 2023 | RM 2.6b | RM 2.9b | RM 175.1m | 12.4x | 15.1x | 0.9x |
| Sat, 03 Dec 2022 | RM 2.6b | RM 2.9b | RM 181.2m | 13.2x | 14.5x | 0.9x |
| Mon, 31 Oct 2022 | RM 2.4b | RM 2.8b | RM 155.5m | 15x | 15.4x | 0.9x |
| Wed, 28 Sep 2022 | RM 2.3b | RM 2.7b | RM 153.4m | 13.5x | 14.9x | 0.9x |
| Fri, 26 Aug 2022 | RM 2.3b | RM 2.7b | RM 199.4m | 11.1x | 11.7x | 0.9x |
| Sun, 24 Jul 2022 | RM 2.3b | RM 2.6b | RM 178.9m | 11.9x | 12.9x | 0.9x |
| Tue, 21 Jun 2022 | RM 2.2b | RM 2.6b | RM 191.0m | 11.4x | 11.6x | 0.9x |
| Thu, 19 May 2022 | RM 2.4b | RM 2.5b | RM 166.7m | 12.6x | 14.3x | 0.9x |
| Sat, 16 Apr 2022 | RM 2.5b | RM 2.5b | RM 168.3m | 12.2x | 15x | 1x |
| Mon, 14 Mar 2022 | RM 2.4b | RM 2.6b | RM 149.3m | 10.9x | 15.8x | 0.9x |
| Wed, 09 Feb 2022 | RM 2.5b | RM 2.6b | RM 101.1m | 12.7x | 24.9x | 1x |
| Fri, 07 Jan 2022 | RM 2.5b | RM 2.5b | RM 88.8m | n/a | 28.1x | 1x |
Price to Earnings Ratio
28.1x
Current Industry PE
- Investors are optimistic on the Malaysian Building industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 48.6x which is higher than its 3-year average PE of 27.6x.
- The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Building industry have declined 5.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 10.0% 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 industry?
| MY Market | 2.36% | |
| Industrials | 1.97% | |
| Building | 0.85% | |
| Building Products | 0.85% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SKBSHUT SKB Shutters Corporation Berhad | RM 0.94 | 9.9% +RM 11.9m | 58.0% | PE6.7x | |
| AJIYA Ajiya Berhad | RM 1.42 | 2.9% +RM 11.9m | -7.2% | PE59.7x | |
| ULICORP United U-LI Corporation Berhad | RM 1.69 | 1.8% +RM 6.5m | 10.5% | PE11.3x | |
| SCNWOLF Scanwolf Corporation Berhad | RM 0.53 | 6.1% +RM 6.1m | 5.0% | PS3x | |
| SORENTO Sorento Capital Berhad | RM 0.46 | 1.1% +RM 4.3m | n/a | n/a |