RGT Berhad's (KLSE:RGTBHD) 32% Price Boost Is Out Of Tune With Revenues
Apr 17
Malaysian (KLSE) Chemicals Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies24
- 7D-0.6%
- 3M-0.8%
- 1Y-2.6%
- YTD-4.5%
The Chemicals is pretty flat in the last 7 days, but Hextar Global Berhad has stood out, gaining 5.2%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Malaysian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | RM78.6b | RM70.3b | RM2.0b | 20.7x | 38.4x | 1.1x |
| Sun, 24 Mar 2024 | RM78.2b | RM70.0b | RM2.0b | 21.4x | 39x | 1.1x |
| Tue, 20 Feb 2024 | RM79.1b | RM72.6b | RM2.4b | 22.6x | 32.7x | 1.1x |
| Thu, 18 Jan 2024 | RM79.2b | RM72.8b | RM2.3b | 21.8x | 34.8x | 1.1x |
| Sat, 16 Dec 2023 | RM81.3b | RM72.8b | RM2.3b | 22.9x | 35.9x | 1.1x |
| Mon, 13 Nov 2023 | RM81.8b | RM74.2b | RM3.9b | 17.2x | 21x | 1.1x |
| Wed, 11 Oct 2023 | RM82.7b | RM74.7b | RM3.6b | 17.3x | 23x | 1.1x |
| Fri, 08 Sep 2023 | RM81.5b | RM74.7b | RM3.6b | 17x | 22.6x | 1.1x |
| Sun, 06 Aug 2023 | RM78.9b | RM76.3b | RM5.1b | 13.8x | 15.5x | 1x |
| Tue, 04 Jul 2023 | RM72.8b | RM77.4b | RM5.3b | 13.9x | 13.8x | 0.9x |
| Thu, 01 Jun 2023 | RM75.9b | RM77.3b | RM5.2b | 14.2x | 14.5x | 1x |
| Sat, 29 Apr 2023 | RM80.6b | RM77.8b | RM7.4b | 13.2x | 10.9x | 1x |
| Mon, 27 Mar 2023 | RM77.4b | RM77.8b | RM7.4b | 13.6x | 10.4x | 1x |
| Wed, 22 Feb 2023 | RM92.3b | RM76.3b | RM9.2b | 13.4x | 10.1x | 1.2x |
| Fri, 20 Jan 2023 | RM93.5b | RM76.9b | RM9.6b | 12.4x | 9.7x | 1.2x |
| Sun, 18 Dec 2022 | RM92.7b | RM76.9b | RM9.6b | 11.8x | 9.6x | 1.2x |
| Tue, 15 Nov 2022 | RM93.6b | RM74.3b | RM9.8b | 11.4x | 9.6x | 1.3x |
| Thu, 13 Oct 2022 | RM91.3b | RM74.0b | RM10.2b | 12.8x | 9x | 1.2x |
| Sat, 10 Sep 2022 | RM96.6b | RM74.8b | RM10.1b | 13.4x | 9.5x | 1.3x |
| Mon, 08 Aug 2022 | RM95.5b | RM71.8b | RM10.2b | 12.5x | 9.4x | 1.3x |
| Wed, 06 Jul 2022 | RM97.6b | RM70.9b | RM10.7b | 12.8x | 9.1x | 1.4x |
| Fri, 03 Jun 2022 | RM107.5b | RM70.9b | RM10.7b | 11.3x | 10x | 1.5x |
| Sun, 01 May 2022 | RM111.0b | RM66.8b | RM10.0b | 13.2x | 11.1x | 1.7x |
| Tue, 29 Mar 2022 | RM106.4b | RM66.3b | RM10.4b | 12.9x | 10.2x | 1.6x |
| Thu, 24 Feb 2022 | RM102.7b | RM62.9b | RM8.8b | 14.7x | 11.6x | 1.6x |
| Sat, 22 Jan 2022 | RM99.0b | RM59.5b | RM8.7b | 15.1x | 11.4x | 1.7x |
| Mon, 20 Dec 2021 | RM98.0b | RM59.2b | RM8.7b | 15.5x | 11.3x | 1.7x |
| Wed, 17 Nov 2021 | RM94.3b | RM54.7b | RM6.9b | 16.1x | 13.6x | 1.7x |
| Fri, 15 Oct 2021 | RM98.2b | RM54.3b | RM7.0b | 17.6x | 14.1x | 1.8x |
| Sun, 12 Sep 2021 | RM91.7b | RM55.5b | RM7.4b | 15.4x | 12.3x | 1.7x |
| Tue, 10 Aug 2021 | RM91.0b | RM55.6b | RM7.5b | 15x | 12.2x | 1.6x |
| Mon, 03 May 2021 | RM94.5b | RM50.3b | RM5.3b | 20x | 17.9x | 1.9x |
Price to Earnings Ratio
17.9x
Current Industry PE
- Investors are optimistic on the Malaysian Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 38.9x which is higher than its 3-year average PE of 15.9x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 27% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 Materials industry?
| MY Market | 1.41% | |
| Materials | 0.52% | |
| Chemicals | -0.58% | |
| Fertilizers and Agricultural Chemicals | 5.01% | |
| Specialty Chemicals | 1.01% | |
| Industrial Gases | 0% | |
| Commodity Chemicals | -0.83% | |
| Diversified Chemicals | -2.21% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 55.4x.
- Analysts are expecting annual earnings growth of 15.7%, which is lower than the prior year's growth of 19.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 23% over the next 5 years.
- However this is lower than its past earnings growth rate of 55% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| HEXTAR Hextar Global Berhad | RM0.91 | 5.2% +RM174.4m | 36.1% | PE64.1x | |
| RGTBHD RGT Berhad | RM0.30 | 8.9% +RM26.0m | -1.6% | PE2272.6x | |
| BKAWAN Batu Kawan Berhad | RM20.00 | 0.3% +RM21.3m | -8.4% | PE21.4x | |
| SCIENTX Scientex Berhad | RM4.09 | 0.2% +RM15.5m | 18.6% | PE12.6x | |
| LUSTER Luster Industries Bhd | RM0.07 | 7.7% +RM15.1m | -17.6% | PE94x |
