What BM GreenTech Berhad's (KLSE:BMGREEN) 26% Share Price Gain Is Not Telling You
Jul 22
Malaysian (KLSE) Machinery Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies46
- 7D-3.9%
- 3M9.3%
- 1Y2.1%
- YTD12.6%
Over the last 7 days, the Machinery industry has dropped 3.9%, driven by declines in UWC Berhad and Pentamaster Corporation Berhad of 8.8% and 8.2%, respectively. On the other hand Boustead Heavy Industries Corporation Berhad is actually up 5.2%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 27% per annum.
Industry Valuation and Performance
Has the Malaysian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | RM 25.5b | RM 10.6b | RM 382.6m | 25.9x | 66.5x | 2.4x |
| Sun, 23 Jun 2024 | RM 26.4b | RM 10.6b | RM 388.7m | 24x | 67.9x | 2.5x |
| Tue, 21 May 2024 | RM 25.9b | RM 10.6b | RM 453.0m | 22.1x | 57.1x | 2.4x |
| Thu, 18 Apr 2024 | RM 22.4b | RM 10.6b | RM 454.5m | 19.1x | 49.3x | 2.1x |
| Sat, 16 Mar 2024 | RM 21.9b | RM 10.6b | RM 478.0m | 20.1x | 45.7x | 2.1x |
| Mon, 12 Feb 2024 | RM 19.8b | RM 10.3b | RM 471.6m | 19.8x | 42.1x | 1.9x |
| Wed, 10 Jan 2024 | RM 20.9b | RM 10.3b | RM 464.4m | 20.9x | 45x | 2x |
| Fri, 08 Dec 2023 | RM 21.7b | RM 10.6b | RM 896.0m | 20.3x | 24.2x | 2x |
| Sun, 05 Nov 2023 | RM 21.8b | RM 10.6b | RM 811.0m | 20.3x | 26.9x | 2x |
| Tue, 03 Oct 2023 | RM 22.1b | RM 10.6b | RM 821.4m | 21.7x | 26.9x | 2.1x |
| Thu, 31 Aug 2023 | RM 22.4b | RM 10.7b | RM 990.9m | 20.7x | 22.6x | 2.1x |
| Sat, 29 Jul 2023 | RM 22.7b | RM 10.9b | RM 1.0b | 17.6x | 21.7x | 2.1x |
| Mon, 26 Jun 2023 | RM 21.0b | RM 10.9b | RM 1.0b | 18.9x | 20.1x | 1.9x |
| Wed, 24 May 2023 | RM 20.0b | RM 10.9b | RM 972.5m | 17.9x | 20.6x | 1.8x |
| Fri, 21 Apr 2023 | RM 21.3b | RM 11.0b | RM 1.0b | 17.1x | 21.2x | 1.9x |
| Sun, 19 Mar 2023 | RM 21.3b | RM 11.0b | RM 1.0b | 16.7x | 21.1x | 1.9x |
| Tue, 14 Feb 2023 | RM 23.4b | RM 11.0b | RM 844.0m | 16.3x | 27.8x | 2.1x |
| Thu, 12 Jan 2023 | RM 22.2b | RM 11.0b | RM 849.0m | 16.2x | 26.1x | 2x |
| Sat, 10 Dec 2022 | RM 22.5b | RM 10.9b | RM 839.5m | 16x | 26.7x | 2.1x |
| Mon, 07 Nov 2022 | RM 20.0b | RM 10.4b | RM 799.8m | 13.2x | 25x | 1.9x |
| Wed, 05 Oct 2022 | RM 20.5b | RM 10.4b | RM 803.6m | 15.7x | 25.5x | 2x |
| Fri, 02 Sep 2022 | RM 19.8b | RM 10.3b | RM 795.0m | 16.5x | 24.9x | 1.9x |
| Sun, 31 Jul 2022 | RM 19.4b | RM 9.7b | RM 668.0m | 18.8x | 29.1x | 2x |
| Tue, 28 Jun 2022 | RM 18.1b | RM 9.7b | RM 649.7m | 15.9x | 27.9x | 1.9x |
| Thu, 26 May 2022 | RM 17.5b | RM 9.3b | RM 691.9m | 14.7x | 25.3x | 1.9x |
| Sat, 23 Apr 2022 | RM 19.0b | RM 9.2b | RM 688.0m | 16.6x | 27.6x | 2.1x |
| Mon, 21 Mar 2022 | RM 19.6b | RM 9.2b | RM 701.9m | 15.3x | 27.9x | 2.1x |
| Wed, 16 Feb 2022 | RM 22.9b | RM 8.4b | RM 696.5m | 20x | 32.9x | 2.7x |
| Fri, 14 Jan 2022 | RM 24.5b | RM 8.4b | RM 695.1m | 19.8x | 35.3x | 2.9x |
| Sun, 12 Dec 2021 | RM 24.5b | RM 8.4b | RM 685.9m | 16.6x | 35.7x | 2.9x |
| Tue, 09 Nov 2021 | RM 26.0b | RM 8.1b | RM 597.0m | 16.4x | 43.5x | 3.2x |
| Thu, 07 Oct 2021 | RM 25.2b | RM 8.0b | RM 584.6m | 17.6x | 43.1x | 3.1x |
| Sat, 04 Sep 2021 | RM 23.4b | RM 7.9b | RM 385.0m | 23.8x | 60.8x | 3x |
| Mon, 02 Aug 2021 | RM 23.1b | RM 7.9b | RM 385.0m | 20.4x | 60.1x | 2.9x |
Price to Earnings Ratio
60.1x
Current Industry PE
- Investors are optimistic on the Malaysian Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 66.5x which is higher than its 3-year average PE of 34.9x.
- The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have remained mostly flat 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | -1.65% | |
| Industrials | -1.92% | |
| Machinery | -3.93% | |
| Construction Machinery and Vehicles | -0.64% | |
| Agricultural Machinery | -2.50% | |
| Industrial Machinery | -4.45% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 8.2%, which is lower than the prior year's growth of 32.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings decline by 8.2% 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 | |
|---|---|---|---|---|---|
| BHIC Boustead Heavy Industries Corporation Berhad | RM 0.51 | 5.2% +RM 14.1m | 21.4% | PS2.1x | |
| YBS YBS International Berhad | RM 0.94 | 3.3% +RM 7.9m | 41.7% | PS2.5x | |
| KOBAY Kobay Technology Bhd | RM 2.36 | 0.4% +RM 3.2m | 18.0% | PE82.8x | |
| CEKD CEKD Berhad | RM 0.51 | 3.0% +RM 2.9m | 8.5% | PE15.8x | |
| APB APB Resources Berhad | RM 1.57 | 1.3% +RM 2.3m | -35.9% | PS2.3x |
