Estimating The Intrinsic Value Of IJM Corporation Berhad (KLSE:IJM)
Feb 01
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Malaysian (KLSE) Construction Industry Analysis
UpdatedFeb 06, 2025
DataAggregated Company Financials
Companies90
- 7D4.8%
- 3M-5.0%
- 1Y32.0%
- YTD-9.1%
In the last week, the Construction industry is up 4.8%, with Gamuda Berhad up 11%. During this same period, the Kinergy Advancement Berhad underperformed, falling 9.0%. This means that the industry has gained 32% over the past year. Looking forward, earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Malaysian Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 06 Feb 2025 | RM 71.2b | RM 60.7b | RM 2.4b | 17.9x | 29.4x | 1.2x |
| Sat, 04 Jan 2025 | RM 78.0b | RM 60.4b | RM 2.5b | 19x | 31.8x | 1.3x |
| Mon, 02 Dec 2024 | RM 73.2b | RM 58.9b | RM 2.4b | 18.3x | 31.1x | 1.2x |
| Wed, 30 Oct 2024 | RM 70.8b | RM 57.8b | RM 2.0b | 20x | 36.1x | 1.2x |
| Fri, 27 Sep 2024 | RM 70.7b | RM 56.4b | RM 1.9b | 20.1x | 36.4x | 1.3x |
| Sun, 25 Aug 2024 | RM 68.4b | RM 55.6b | RM 1.7b | 25.5x | 41.2x | 1.2x |
| Tue, 23 Jul 2024 | RM 74.9b | RM 55.1b | RM 1.5b | 25.9x | 50.2x | 1.4x |
| Thu, 20 Jun 2024 | RM 64.5b | RM 54.7b | RM 1.4b | 24.4x | 47.6x | 1.2x |
| Sat, 18 May 2024 | RM 57.7b | RM 53.7b | RM 941.1m | 24.8x | 61.4x | 1.1x |
| Mon, 15 Apr 2024 | RM 54.8b | RM 53.7b | RM 923.3m | 22.1x | 59.3x | 1x |
| Wed, 13 Mar 2024 | RM 51.1b | RM 51.9b | RM 1.1b | 20.4x | 48.2x | 1x |
| Fri, 09 Feb 2024 | RM 50.8b | RM 49.5b | RM 894.7m | 21.2x | 56.8x | 1x |
| Sun, 07 Jan 2024 | RM 50.5b | RM 49.5b | RM 845.2m | 21.3x | 59.7x | 1x |
| Tue, 05 Dec 2023 | RM 45.5b | RM 47.9b | RM 664.6m | 18.6x | 68.5x | 1x |
| Thu, 02 Nov 2023 | RM 45.5b | RM 45.9b | RM 653.4m | 19.2x | 69.6x | 1x |
| Sat, 30 Sep 2023 | RM 45.6b | RM 45.9b | RM 653.9m | 19x | 69.7x | 1x |
| Mon, 28 Aug 2023 | RM 43.5b | RM 43.8b | RM 628.8m | 17.7x | 69.1x | 1x |
| Wed, 26 Jul 2023 | RM 41.9b | RM 43.2b | RM 686.1m | 17.3x | 61x | 1x |
| Fri, 23 Jun 2023 | RM 40.7b | RM 42.3b | RM 653.7m | 16.1x | 62.2x | 1x |
| Sun, 21 May 2023 | RM 41.0b | RM 42.4b | RM 798.5m | 16.4x | 51.4x | 1x |
| Tue, 18 Apr 2023 | RM 41.8b | RM 42.4b | RM 740.5m | 16.9x | 56.5x | 1x |
| Thu, 16 Mar 2023 | RM 40.9b | RM 42.1b | RM 629.0m | 16.8x | 65x | 1x |
| Sat, 11 Feb 2023 | RM 41.8b | RM 42.3b | RM 1.1b | 15.1x | 39.2x | 1x |
| Mon, 09 Jan 2023 | RM 39.6b | RM 41.7b | RM 1.0b | 13.7x | 39.1x | 1x |
| Wed, 07 Dec 2022 | RM 40.0b | RM 41.1b | RM 1.1b | 14.7x | 36x | 1x |
| Fri, 04 Nov 2022 | RM 37.3b | RM 39.4b | RM 1.1b | 18.1x | 33.1x | 0.9x |
| Sun, 02 Oct 2022 | RM 37.6b | RM 39.3b | RM 1.1b | 17.3x | 33.8x | 1x |
| Tue, 30 Aug 2022 | RM 37.7b | RM 38.2b | RM 1.2b | 19.4x | 30.4x | 1x |
| Thu, 28 Jul 2022 | RM 37.6b | RM 37.3b | RM 1.1b | 18x | 34.5x | 1x |
| Sat, 25 Jun 2022 | RM 38.2b | RM 37.6b | RM 1.1b | 18.6x | 35.9x | 1x |
| Mon, 23 May 2022 | RM 40.3b | RM 37.9b | RM 1.5b | 17.8x | 26.4x | 1.1x |
| Wed, 20 Apr 2022 | RM 41.9b | RM 37.9b | RM 1.5b | 17.8x | 27.3x | 1.1x |
| Fri, 18 Mar 2022 | RM 39.0b | RM 37.4b | RM 1.5b | 16.9x | 26.2x | 1x |
| Sun, 13 Feb 2022 | RM 38.4b | RM 38.3b | RM 1.2b | 17.9x | 32.8x | 1x |
Price to Earnings Ratio
32.8x
Current Industry PE
- Investors are pessimistic on the Malaysian Construction 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 29.4x which is lower than its 3-year average PE of 46.3x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | 1.38% | |
| Industrials | 2.28% | |
| Construction | 4.78% | |
| Construction and Engineering | 4.78% | |
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 | |
|---|---|---|---|---|---|
| GAMUDA Gamuda Berhad | RM 4.47 | 10.9% +RM 2.5b | 77.4% | PE27.6x | |
| SUNCON Sunway Construction Group Berhad | RM 3.91 | 18.8% +RM 799.4m | 48.7% | PE30.2x | |
| IJM IJM Corporation Berhad | RM 2.42 | 2.1% +RM 175.3m | 10.0% | PE15x | |
| WCT WCT Holdings Berhad | RM 0.87 | 8.1% +RM 101.3m | 61.1% | PS0.8x | |
| BNASTRA Binastra Corporation Berhad | RM 1.80 | 4.7% +RM 86.9m | 160.9% | PE24.3x |
