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May 21
Malaysian (KLSE) Metals and Mining Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies36
- 7D0.6%
- 3M12.2%
- 1Y9.6%
- YTD8.0%
The Metals and Mining is pretty flat in the last 7 days, but Malaysia Smelting Corporation Berhad has stood out, gaining 10%. The past year has been better, since the industry has gained 9.6% in that time. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Malaysian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 May 2024 | RM58.9b | RM38.5b | RM1.2b | 17.1x | 48.7x | 1.5x |
| Fri, 19 Apr 2024 | RM57.7b | RM38.6b | RM1.2b | 20x | 48.2x | 1.5x |
| Sun, 17 Mar 2024 | RM52.4b | RM38.4b | RM1.2b | 19x | 43.7x | 1.4x |
| Tue, 13 Feb 2024 | RM51.6b | RM39.3b | RM1.1b | 12.8x | 45.9x | 1.3x |
| Thu, 11 Jan 2024 | RM54.3b | RM39.1b | RM1.1b | 12.2x | 48.7x | 1.4x |
| Sat, 09 Dec 2023 | RM52.3b | RM39.1b | RM1.1b | 12.8x | 48.6x | 1.3x |
| Mon, 06 Nov 2023 | RM53.6b | RM39.9b | RM850.8m | 15.3x | 63x | 1.3x |
| Wed, 04 Oct 2023 | RM53.2b | RM39.9b | RM852.0m | 16x | 62.4x | 1.3x |
| Fri, 01 Sep 2023 | RM54.3b | RM39.9b | RM840.3m | 16x | 64.6x | 1.4x |
| Sun, 30 Jul 2023 | RM55.9b | RM41.3b | RM1.2b | 20.8x | 47.4x | 1.4x |
| Tue, 27 Jun 2023 | RM51.8b | RM41.4b | RM1.2b | 17.8x | 43.3x | 1.2x |
| Thu, 25 May 2023 | RM51.5b | RM43.0b | RM1.6b | 11.3x | 32.6x | 1.2x |
| Sat, 22 Apr 2023 | RM56.5b | RM43.1b | RM1.6b | 10.6x | 34.7x | 1.3x |
| Mon, 20 Mar 2023 | RM52.9b | RM43.1b | RM1.6b | 10.6x | 32.2x | 1.2x |
| Wed, 15 Feb 2023 | RM58.6b | RM43.2b | RM2.9b | 7.3x | 20.5x | 1.4x |
| Fri, 13 Jan 2023 | RM54.9b | RM43.1b | RM2.9b | 6.7x | 19.2x | 1.3x |
| Sun, 11 Dec 2022 | RM52.9b | RM43.1b | RM3.0b | 6x | 17.8x | 1.2x |
| Tue, 08 Nov 2022 | RM48.1b | RM40.2b | RM3.5b | 5.1x | 13.8x | 1.2x |
| Thu, 06 Oct 2022 | RM47.2b | RM40.0b | RM3.5b | 4.5x | 13.7x | 1.2x |
| Sat, 03 Sep 2022 | RM49.8b | RM39.6b | RM3.5b | 4.7x | 14.3x | 1.3x |
| Mon, 01 Aug 2022 | RM51.1b | RM36.8b | RM3.4b | 5.6x | 15.2x | 1.4x |
| Wed, 29 Jun 2022 | RM50.9b | RM36.5b | RM3.4b | 5.2x | 15.1x | 1.4x |
| Fri, 27 May 2022 | RM56.4b | RM33.9b | RM3.2b | 6.1x | 17.5x | 1.7x |
| Sun, 24 Apr 2022 | RM67.9b | RM33.7b | RM3.2b | 6.8x | 21.2x | 2x |
| Tue, 22 Mar 2022 | RM65.0b | RM33.6b | RM3.2b | 6.3x | 20.3x | 1.9x |
| Thu, 17 Feb 2022 | RM70.4b | RM30.7b | RM2.5b | 7.4x | 27.7x | 2.3x |
| Sat, 15 Jan 2022 | RM60.8b | RM30.5b | RM2.5b | 6.3x | 24.1x | 2x |
| Mon, 13 Dec 2021 | RM55.6b | RM30.3b | RM2.5b | 6x | 22.6x | 1.8x |
| Wed, 10 Nov 2021 | RM56.0b | RM29.3b | RM2.0b | 7.7x | 28x | 1.9x |
| Fri, 08 Oct 2021 | RM60.2b | RM29.4b | RM2.0b | 7.5x | 30.3x | 2.1x |
| Sun, 05 Sep 2021 | RM55.4b | RM29.0b | RM1.7b | 10x | 32.7x | 1.9x |
| Tue, 03 Aug 2021 | RM49.4b | RM29.0b | RM1.7b | 8.3x | 29.1x | 1.7x |
Price to Earnings Ratio
43.9x
Current Industry PE
- Investors are optimistic on the Malaysian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 48.7x which is higher than its 3-year average PE of 32.6x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 13% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Malaysian Materials industry?
| MY Market | 1.85% | |
| Materials | 0.89% | |
| Metals and Mining | 0.58% | |
| Gold | 7.96% | |
| Diversified Metals and Mining | 5.60% | |
| Steel | 2.75% | |
| Copper | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Aluminum | -0.057% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 920x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 31% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| MSC Malaysia Smelting Corporation Berhad | RM3.44 | 10.3% +RM134.4m | 78.2% | PE17x | |
| BAHVEST Bahvest Resources Berhad | RM0.61 | 7.0% +RM49.6m | 221.1% | PE1122x | |
| PA P.A. Resources Berhad | RM0.41 | 7.9% +RM44.8m | 49.1% | PE17.1x | |
| CSCSTEL CSC Steel Holdings Berhad | RM1.53 | 3.4% +RM18.5m | 31.9% | PE11.4x | |
| HIAPTEK Hiap Teck Venture Berhad | RM0.41 | 2.5% +RM17.4m | 23.9% | PE10.4x |
