Flexidynamic Holdings Berhad's (KLSE:FLEXI) Soft Earnings Don't Show The Whole Picture
The market shrugged off the recent earnings report from Flexidynamic Holdings Berhad ( KLSE:FLEXI ), despite the profit...
Has the Malaysian Machinery Industry valuation changed over the past few years?
|Tue, 30 Nov 2021||RM25.1b||RM8.2b||RM629.1m||15.6x|
|Thu, 28 Oct 2021||RM25.4b||RM8.0b||RM584.6m||18.1x|
|Sat, 25 Sep 2021||RM25.3b||RM8.0b||RM416.9m||18.5x|
|Mon, 23 Aug 2021||RM22.8b||RM7.9b||RM385.0m||22.2x|
|Sat, 10 Jul 2021||RM20.3b||RM7.9b||RM383.5m||17.1x|
|Fri, 02 Apr 2021||RM21.4b||RM7.4b||RM218.2m||19.4x|
|Mon, 04 Jan 2021||RM19.3b||RM7.1b||RM183.0m||21.8x|
|Thu, 08 Oct 2020||RM15.2b||RM7.2b||RM165.4m||14.7x|
|Wed, 01 Jul 2020||RM12.0b||RM7.3b||RM221.4m||16.9x|
|Sat, 04 Apr 2020||RM8.6b||RM7.7b||RM503.0m||10.7x|
|Tue, 07 Jan 2020||RM11.6b||RM7.6b||RM431.2m||16.3x|
|Mon, 30 Sep 2019||RM10.3b||RM7.3b||RM363.2m||15.6x|
|Thu, 04 Jul 2019||RM8.7b||RM7.2b||RM347.7m||12.4x|
|Sun, 07 Apr 2019||RM8.6b||RM7.0b||-RM191,297,006.00||13.6x|
|Wed, 09 Jan 2019||RM7.9b||RM7.0b||-RM214,059,044.00||12.5x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 16.0x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: Total earnings for the Machinery industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 5.5% per year. This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Which industries have driven the changes within the Malaysian Machinery industry?
|Construction Machinery and Vehicles||-2.39%|
Industry PE: Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 15.8x. However analysts are expecting annual earnings growth of 21%, which is lower than the prior year's growth of 26% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 23.5x.
Forecasted Growth: Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 21% over the next 5 years. This is roughly in line with its past earnings growth rate. Meanwhile, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 17% per year over the next few years.
Which companies have driven the market over the last 7 days?
Flexidynamic Holdings Berhad
MyTech Group Berhad
EITA Resources Berhad
FITTERS Diversified Berhad
Kumpulan H & L High-Tech Berhad
CB Industrial Product Holding Berhad
Boustead Heavy Industries Corporation Berhad
SAM Engineering & Equipment (M) Berhad
HLT Global Berhad
YBS International Berhad
Dufu Technology Berhad
Kobay Technology Bhd
Wong Engineering Corporation Berhad
AT Systematization Berhad