Malaysia Steel Works (KL) Bhd.'s (KLSE:MASTEEL) 27% Price Boost Is Out Of Tune With Earnings
Oct 12
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Malaysian (KLSE) Steel Industry Analysis
UpdatedNov 05, 2025
DataAggregated Company Financials
Companies26
- 7D-1.0%
- 3M-0.5%
- 1Y-21.3%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 1.1%, driven by Ann Joo Resources Berhad declining 4.3%. In contrast, Leform Berhad has gained 6.7%. However, the industry is down 19% over the past year. Earnings are forecast to grow by 29% annually.
Industry Valuation and Performance
Has the Malaysian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 05 Nov 2025 | RM 5.3b | RM 17.9b | -RM 273,644,827.00 | 17.2x | -19.3x | 0.3x |
| Fri, 03 Oct 2025 | RM 5.4b | RM 17.9b | -RM 264,349,404.00 | 18.3x | -20.3x | 0.3x |
| Sun, 31 Aug 2025 | RM 5.3b | RM 18.2b | -RM 216,348,339.00 | 15.1x | -24.6x | 0.3x |
| Tue, 29 Jul 2025 | RM 5.3b | RM 18.2b | -RM 189,984,357.00 | 10.9x | -28.1x | 0.3x |
| Thu, 26 Jun 2025 | RM 5.1b | RM 18.3b | -RM 177,406,309.00 | 11.5x | -28.8x | 0.3x |
| Sat, 24 May 2025 | RM 5.5b | RM 18.9b | -RM 2,617,783.00 | 11.6x | -2089x | 0.3x |
| Mon, 21 Apr 2025 | RM 5.2b | RM 19.4b | RM 9.7m | 10.6x | 538.6x | 0.3x |
| Wed, 19 Mar 2025 | RM 5.5b | RM 19.5b | RM 10.7m | 11.2x | 519.7x | 0.3x |
| Fri, 14 Feb 2025 | RM 5.7b | RM 18.9b | -RM 83,725,648.00 | 9.1x | -68.2x | 0.3x |
| Sun, 12 Jan 2025 | RM 5.2b | RM 18.7b | -RM 96,169,812.00 | 9x | -54.3x | 0.3x |
| Tue, 10 Dec 2024 | RM 5.2b | RM 18.8b | -RM 140,299,812.00 | 9.2x | -37x | 0.3x |
| Thu, 07 Nov 2024 | RM 5.3b | RM 18.7b | -RM 127,651,370.00 | 9.1x | -41.2x | 0.3x |
| Sat, 05 Oct 2024 | RM 5.3b | RM 18.7b | -RM 120,397,435.00 | 9.2x | -44.4x | 0.3x |
| Mon, 02 Sep 2024 | RM 5.5b | RM 18.8b | -RM 127,395,580.00 | 10.1x | -42.9x | 0.3x |
| Wed, 31 Jul 2024 | RM 6.1b | RM 18.6b | -RM 103,997,089.00 | 11.7x | -58.8x | 0.3x |
| Fri, 28 Jun 2024 | RM 5.8b | RM 18.3b | -RM 153,688,121.00 | 11.9x | -37.4x | 0.3x |
| Sun, 26 May 2024 | RM 5.9b | RM 18.1b | -RM 166,051,528.00 | 11.3x | -35.4x | 0.3x |
| Tue, 23 Apr 2024 | RM 5.6b | RM 18.1b | -RM 172,933,608.00 | 10.3x | -32.2x | 0.3x |
| Thu, 21 Mar 2024 | RM 5.5b | RM 18.0b | -RM 171,946,608.00 | 9.9x | -31.7x | 0.3x |
| Sat, 17 Feb 2024 | RM 5.5b | RM 18.3b | -RM 264,865,399.00 | 11.8x | -20.6x | 0.3x |
| Mon, 15 Jan 2024 | RM 6.2b | RM 18.3b | -RM 251,354,399.00 | 11.9x | -24.5x | 0.3x |
| Wed, 13 Dec 2023 | RM 5.9b | RM 18.3b | -RM 291,062,399.00 | 12.7x | -20.3x | 0.3x |
| Fri, 10 Nov 2023 | RM 5.8b | RM 18.4b | -RM 527,975,399.00 | 19x | -11x | 0.3x |
| Sun, 08 Oct 2023 | RM 5.9b | RM 18.4b | -RM 526,935,748.00 | 19.1x | -11.2x | 0.3x |
| Tue, 05 Sep 2023 | RM 6.1b | RM 18.3b | -RM 544,711,748.00 | 21.4x | -11.3x | 0.3x |
| Thu, 03 Aug 2023 | RM 5.4b | RM 19.0b | -RM 418,175,557.00 | 32.8x | -12.9x | 0.3x |
| Sat, 01 Jul 2023 | RM 5.1b | RM 19.0b | -RM 433,286,413.00 | 30.2x | -11.8x | 0.3x |
| Mon, 29 May 2023 | RM 5.2b | RM 19.4b | -RM 309,864,603.00 | 23.2x | -16.7x | 0.3x |
| Wed, 26 Apr 2023 | RM 5.4b | RM 19.6b | -RM 265,327,794.00 | 11.4x | -20.4x | 0.3x |
| Fri, 24 Mar 2023 | RM 5.3b | RM 19.6b | -RM 259,507,794.00 | 10.9x | -20.6x | 0.3x |
| Sun, 19 Feb 2023 | RM 6.0b | RM 20.2b | RM 849.4m | 6x | 7.1x | 0.3x |
| Tue, 17 Jan 2023 | RM 5.9b | RM 20.2b | RM 849.4m | 6x | 6.9x | 0.3x |
| Thu, 15 Dec 2022 | RM 5.4b | RM 20.2b | RM 955.3m | 5.4x | 5.6x | 0.3x |
| Sat, 12 Nov 2022 | RM 4.5b | RM 19.0b | RM 1.3b | 3.7x | 3.4x | 0.2x |
Price to Earnings Ratio
3.4x
Current Industry PE
- Investors are relatively neutral on the Malaysian Steel industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.29x.
Past Earnings Growth
- Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Malaysian Steel compare with similar industries?
| MY Market | -0.23% | |
| Materials | -0.63% | |
| Metals and Mining | 0.99% | |
| Steel | -1.01% | |
| Aluminum | 1.25% | |
| Gold | 0.69% | |
| Diversified Metals and Mining | -0.34% | |
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 | |
|---|---|---|---|---|---|
| SSTEEL Southern Steel Berhad | RM 0.45 | 11.3% +RM 67.5m | -11.0% | PS0.3x | |
| COLFORM Colform Group Berhad | RM 0.33 | 6.5% +RM 12.0m | n/a | PE11.2x | |
| CSCSTEL CSC Steel Holdings Berhad | RM 1.17 | 0.9% +RM 3.7m | -2.5% | PE8.9x | |
| MAYU Mayu Global Group Berhad | RM 0.11 | 4.8% +RM 2.4m | -62.7% | PS0.9x |