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Malaysian (KLSE) Steel Industry Analysis

UpdatedMay 26, 2022
DataAggregated Company Financials
Companies21
  • 7D-3.8%
  • 3M-6.8%
  • 1Y-22.6%
  • YTD-4.4%

Over the last 7 days, the Steel industry has dropped 3.8%, driven by Mycron Steel Berhad declining 28%. In contrast, Choo Bee Metal Industries Berhad has gained 6.9%. Overall the industry is down 23% in 12 months. Looking forward, earnings are forecast to decline by 10% per year.

Industry Valuation and Performance

Has the Malaysian Steel Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Thu, 26 May 2022RM5.8bRM17.1bRM1.7b3.3x
Sat, 23 Apr 2022RM6.5bRM16.9bRM1.7b3.7x
Mon, 21 Mar 2022RM5.9bRM17.0bRM1.7b3.6x
Wed, 16 Feb 2022RM6.2bRM15.9bRM1.3b5.2x
Fri, 14 Jan 2022RM6.2bRM15.9bRM1.3b5.2x
Sun, 12 Dec 2021RM5.6bRM15.7bRM1.3b5.1x
Tue, 09 Nov 2021RM6.5bRM16.0bRM1.0b6.5x
Thu, 07 Oct 2021RM6.5bRM16.0bRM1.0b6.2x
Sat, 04 Sep 2021RM7.2bRM15.7bRM703.0m8.2x
Mon, 02 Aug 2021RM6.3bRM15.7bRM703.0m7.5x
Thu, 06 May 2021RM7.7bRM14.6bRM389.2m14x
Sun, 07 Feb 2021RM4.9bRM13.4b-RM72,732,616.0012.4x
Sat, 31 Oct 2020RM2.8bRM13.4b-RM523,303,164.0017x
Tue, 04 Aug 2020RM2.7bRM13.4b-RM713,685,164.0017.1x
Fri, 08 May 2020RM2.7bRM15.4b-RM447,648,656.0010.9x
Mon, 10 Feb 2020RM3.5bRM16.0b-RM460,328,087.0014.7x
Sun, 03 Nov 2019RM3.5bRM16.5b-RM408,087,190.0012.2x
Wed, 07 Aug 2019RM4.0bRM17.1b-RM110,166,671.0013.5x
Median PE Ratio

13.2x


Total Market Cap: RM3.8bTotal Earnings: RM13.5mTotal Revenue: RM17.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Steel Industry Median PE3Y Average 11.5x202020212022
Current Industry PE
  • Investors are more pessimistic on the 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 3.3x which is lower than its 3-year average PE of 11.6x.
  • Given that earnings are expected to decline by 10%, the lower than average PE seems justified.
Past Earnings Growth
  • The earnings for companies in the Steel industry have grown 403% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does Malaysian Steel compare with similar industries?

MY Market-1.27%
Materials-0.85%
Metals and Mining-0.37%
Steel-3.81%
Aluminum0.27%
Copper0%
Gold0%
Precious Metals and Minerals0%
Silver0%
Diversified Metals and Mining-4.43%
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CHOOBEE Choo Bee Metal Industries BerhadRM2.315.5%
+RM15.7m
8.5%PS3.2x
PANTECH Pantech Group Holdings BerhadRM0.671.5%
+RM8.2m
33.0%PS7.6x
SMI South Malaysia Industries BerhadRM0.408.1%
+RM6.3m
81.8%PS1.7x
MESTRON Mestron Holdings BerhadRM0.331.6%
+RM4.7m
-18.8%PS94.2x
LYSAGHT Lysaght Galvanized Steel BerhadRM1.842.2%
+RM1.7m
-16.0%PS21.4x
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