Frontken Corporation Berhad's (KLSE:FRONTKN) P/E Is On The Mark
Apr 21
Malaysian (KLSE) Commercial Services Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies27
- 7D-4.0%
- 3M6.2%
- 1Y13.4%
- YTD10.2%
Over the last 7 days, the Commercial Services industry has dropped 4.0%, driven by a pullback from Frontken Corporation Berhad of 4.0%. Meanwhile, MClean Technologies Berhad actually outperformed within the industry, gaining 26% in the last week. This takes the industry's 12 month performance to a gain of 13%. Looking forward, earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Malaysian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | RM12.0b | RM3.4b | -RM2,926,012.00 | 15.5x | -4090.9x | 3.6x |
| Thu, 21 Mar 2024 | RM11.8b | RM3.4b | -RM2,871,496.00 | 15x | -4094.1x | 3.5x |
| Sat, 17 Feb 2024 | RM11.3b | RM4.3b | RM78.1m | 22.5x | 145.1x | 2.6x |
| Mon, 15 Jan 2024 | RM11.3b | RM4.5b | RM44.5m | 21.3x | 254.2x | 2.5x |
| Wed, 13 Dec 2023 | RM10.9b | RM4.5b | RM44.5m | 21.8x | 244.9x | 2.4x |
| Fri, 10 Nov 2023 | RM11.0b | RM4.6b | RM94.9m | 21.2x | 115.5x | 2.4x |
| Sun, 08 Oct 2023 | RM10.6b | RM4.6b | RM103.5m | 21x | 102.1x | 2.3x |
| Tue, 05 Sep 2023 | RM10.9b | RM4.6b | RM107.4m | 21.9x | 101.7x | 2.4x |
| Thu, 03 Aug 2023 | RM10.5b | RM4.6b | RM102.1m | 18.6x | 102.6x | 2.3x |
| Sat, 01 Jul 2023 | RM10.0b | RM4.6b | RM298.7m | 18.3x | 33.5x | 2.2x |
| Mon, 29 May 2023 | RM9.7b | RM4.6b | RM294.4m | 18.8x | 32.9x | 2.1x |
| Wed, 26 Apr 2023 | RM9.8b | RM4.6b | RM308.1m | 15.4x | 31.9x | 2.1x |
| Fri, 24 Mar 2023 | RM9.9b | RM4.6b | RM319.3m | 17.5x | 31x | 2.1x |
| Sun, 19 Feb 2023 | RM11.2b | RM4.6b | RM381.4m | 16.7x | 29.3x | 2.4x |
| Tue, 17 Jan 2023 | RM10.7b | RM4.6b | RM379.7m | 14.9x | 28.1x | 2.3x |
| Thu, 15 Dec 2022 | RM10.0b | RM4.6b | RM399.5m | 14.6x | 25.1x | 2.2x |
| Sat, 12 Nov 2022 | RM8.6b | RM4.5b | RM467.6m | 12.8x | 18.4x | 1.9x |
| Mon, 10 Oct 2022 | RM8.5b | RM4.5b | RM460.2m | 12.2x | 18.5x | 1.9x |
| Wed, 07 Sep 2022 | RM8.3b | RM4.5b | RM465.3m | 12.7x | 17.8x | 1.9x |
| Fri, 05 Aug 2022 | RM8.5b | RM4.3b | RM424.8m | 12x | 19.9x | 2x |
| Sun, 03 Jul 2022 | RM7.6b | RM4.2b | RM416.7m | 11.2x | 18.2x | 1.8x |
| Tue, 31 May 2022 | RM8.5b | RM4.2b | RM432.4m | 12x | 19.6x | 2x |
| Thu, 28 Apr 2022 | RM8.7b | RM4.1b | RM405.9m | 12.1x | 21.5x | 2.1x |
| Sat, 26 Mar 2022 | RM9.7b | RM4.1b | RM406.3m | 12.6x | 24x | 2.4x |
| Mon, 21 Feb 2022 | RM10.3b | RM4.0b | RM310.2m | 14.2x | 33.2x | 2.6x |
| Wed, 19 Jan 2022 | RM10.4b | RM4.0b | RM310.6m | 13.4x | 33.6x | 2.6x |
| Fri, 17 Dec 2021 | RM11.1b | RM4.0b | RM309.0m | 13.3x | 35.9x | 2.8x |
| Sun, 14 Nov 2021 | RM11.7b | RM4.0b | RM260.4m | 21.2x | 45.1x | 2.9x |
| Tue, 12 Oct 2021 | RM11.0b | RM4.0b | RM251.7m | 20.9x | 43.8x | 2.8x |
| Thu, 09 Sep 2021 | RM10.9b | RM3.9b | RM279.4m | 22.4x | 39.2x | 2.8x |
| Sat, 07 Aug 2021 | RM10.4b | RM3.9b | RM276.7m | 22.4x | 37.5x | 2.6x |
| Fri, 30 Apr 2021 | RM12.2b | RM3.8b | RM250.4m | 28.8x | 48.6x | 3.2x |
Price to Earnings Ratio
48.6x
Current Industry PE
- Investors are optimistic on the Malaysian Commercial Services industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- Total earnings for the Commercial Services industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 4.1% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | -1.15% | |
| Industrials | -1.71% | |
| Commercial Services | -4.01% | |
| Office Services and Supplies | -2.66% | |
| Diversified Support Services | -3.82% | |
| Environmental and Facilities Services | -4.10% | |
| Security and Alarm Services | -5.45% | |
| Commercial Printing | -5.95% | |
Industry PE
- Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 106x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 77% over the next 5 years.
- This is better than its past earnings growth rate of 8.6% per year.
- In contrast, the Office Services and Supplies industry is expected to see its earnings grow by 2.6% 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 | |
|---|---|---|---|---|---|
| FRONTKN Frontken Corporation Berhad | RM3.84 | 1.3% +RM78.6m | 25.5% | PE54x | |
| TEXCYCL Tex Cycle Technology (M) Berhad | RM1.08 | 15.5% +RM36.7m | 45.9% | PE17.7x | |
| MCLEAN MClean Technologies Berhad | RM0.28 | 41.0% +RM15.8m | 83.3% | PS1.1x | |
| CGB Central Global Berhad | RM0.84 | 1.8% +RM12.9m | 199.1% | PS2.9x | |
| CYPARK Cypark Resources Berhad | RM0.98 | 1.6% +RM12.3m | 28.1% | PS3.9x |
