Would Minetech Resources Berhad (KLSE:MINETEC) Be Better Off With Less Debt?
Sep 07
Malaysian (KLSE) Diversified Metals and Mining Industry Analysis
UpdatedSep 21, 2023
DataAggregated Company Financials
Companies6
- 7D1.5%
- 3M-3.1%
- 1Y-3.3%
- YTD-4.9%
The Diversified Metals and Mining is pretty flat in the last 7 days, but Minetech Resources Berhad has stood out, gaining 25%. Unfortunately though, the industry is down 3.3% over the past 12 months. Earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Malaysian Diversified Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Sep 2023 | RM2.0b | RM3.1b | RM55.0m | 28.3x | 35.8x | 0.6x |
| Sat, 19 Aug 2023 | RM1.9b | RM3.1b | RM57.6m | 19.9x | 32.9x | 0.6x |
| Mon, 17 Jul 2023 | RM2.1b | RM3.4b | RM108.2m | 19x | 19.1x | 0.6x |
| Wed, 14 Jun 2023 | RM2.0b | RM3.4b | RM110.3m | 16x | 17.8x | 0.6x |
| Fri, 12 May 2023 | RM2.0b | RM3.6b | RM166.2m | 14x | 12.2x | 0.6x |
| Sun, 09 Apr 2023 | RM2.0b | RM3.6b | RM166.3m | 14.8x | 12.1x | 0.6x |
| Tue, 07 Mar 2023 | RM2.2b | RM3.6b | RM166.3m | 17x | 13x | 0.6x |
| Thu, 02 Feb 2023 | RM2.2b | RM3.5b | RM213.0m | 9.7x | 10.1x | 0.6x |
| Sat, 31 Dec 2022 | RM1.8b | RM3.5b | RM213.0m | 8.8x | 8.4x | 0.5x |
| Mon, 28 Nov 2022 | RM1.7b | RM3.5b | RM213.0m | 8.4x | 8x | 0.5x |
| Wed, 26 Oct 2022 | RM1.6b | RM3.2b | RM281.6m | 7.2x | 5.7x | 0.5x |
| Fri, 23 Sep 2022 | RM1.7b | RM3.2b | RM275.8m | 5.6x | 6.2x | 0.5x |
| Sun, 21 Aug 2022 | RM1.8b | RM3.0b | RM247.1m | 7x | 7.1x | 0.6x |
| Tue, 19 Jul 2022 | RM1.6b | RM2.9b | RM205.7m | 7.8x | 7.8x | 0.6x |
| Thu, 16 Jun 2022 | RM1.9b | RM2.9b | RM205.7m | 8.6x | 9.2x | 0.7x |
| Sat, 14 May 2022 | RM2.4b | RM2.6b | RM178.4m | 12.1x | 13.7x | 0.9x |
| Mon, 11 Apr 2022 | RM3.1b | RM2.6b | RM181.2m | 14.7x | 17.1x | 1.2x |
| Wed, 09 Mar 2022 | RM3.0b | RM2.6b | RM181.2m | 14.3x | 16.6x | 1.2x |
| Fri, 04 Feb 2022 | RM2.6b | RM2.4b | RM128.6m | 17.1x | 20.6x | 1.1x |
| Sun, 02 Jan 2022 | RM2.2b | RM2.3b | RM118.5m | 19.8x | 18.5x | 1x |
| Tue, 30 Nov 2021 | RM2.2b | RM2.3b | RM121.4m | 24.4x | 18.3x | 1x |
| Thu, 28 Oct 2021 | RM2.0b | RM2.2b | RM107.0m | 27.5x | 19.1x | 0.9x |
| Sat, 25 Sep 2021 | RM1.8b | RM2.2b | RM107.8m | 24.5x | 17.1x | 0.8x |
| Mon, 23 Aug 2021 | RM1.9b | RM2.2b | RM118.4m | 17.8x | 15.7x | 0.8x |
| Sat, 10 Jul 2021 | RM1.7b | RM2.2b | RM118.4m | 15.7x | 14x | 0.8x |
| Fri, 02 Apr 2021 | RM1.7b | RM2.0b | RM109.6m | 18.9x | 15.9x | 0.9x |
| Mon, 04 Jan 2021 | RM1.4b | RM1.8b | RM48.2m | 26.1x | 29.3x | 0.8x |
| Thu, 08 Oct 2020 | RM981.4m | RM1.8b | RM8.6m | 53.9x | 113.7x | 0.5x |
Price to Earnings Ratio
113.7x
Current Industry PE
- Investors are optimistic on the Malaysian Diversified Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 35.5x which is higher than its 3-year average PE of 24.1x.
- The industry is trading close to its 3-year average PS ratio of 0.75x.
Past Earnings Growth
- The earnings for companies in the Diversified Metals and Mining industry have grown 85% per year over the last three years.
- Revenues for these companies have grown 20% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Malaysian Diversified Metals and Mining compare with similar industries?
| MY Market | 0.65% | |
| Materials | 0.32% | |
| Metals and Mining | -1.47% | |
| Diversified Metals and Mining | 1.51% | |
| Steel | 2.16% | |
| Copper | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Aluminum | -2.05% | |
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 | |
|---|---|---|---|---|---|
| MINETEC Minetech Resources Berhad | RM0.05 | 25.0% +RM15.3m | 25.0% | PS0.6x | |
| PERSTIM Perusahaan Sadur Timah Malaysia (Perstima) Berhad | RM3.60 | 2.9% +RM12.9m | -21.6% | PS0.4x |