Rainbows and Unicorns: The Evergreen Fibreboard Berhad (KLSE:EVERGRN) Analyst Just Became A Lot More Optimistic
Shareholders in Evergreen Fibreboard Berhad ( KLSE:EVERGRN ) may be thrilled to learn that the covering analyst has...
Has the Malaysian Paper and Forestry Products Industry valuation changed over the past few years?
|Sat, 04 Dec 2021||RM5.0b||RM6.5b||RM162.6m||20.4x|
|Mon, 01 Nov 2021||RM5.3b||RM6.5b||RM43.1m||16.5x|
|Wed, 29 Sep 2021||RM4.8b||RM6.4b||RM51.6m||15.4x|
|Fri, 27 Aug 2021||RM4.8b||RM6.3b||-RM70,128,909.00||17.6x|
|Sat, 03 Jul 2021||RM4.6b||RM6.3b||-RM70,128,909.00||19.8x|
|Tue, 06 Apr 2021||RM5.0b||RM5.8b||-RM207,154,743.00||18.8x|
|Fri, 08 Jan 2021||RM5.5b||RM5.7b||-RM357,787,981.00||24.7x|
|Thu, 01 Oct 2020||RM4.3b||RM5.8b||-RM404,836,666.00||17.7x|
|Sun, 05 Jul 2020||RM3.4b||RM5.8b||-RM344,362,550.00||22.5x|
|Wed, 08 Apr 2020||RM2.9b||RM6.1b||-RM440,390,084.00||12.3x|
|Tue, 31 Dec 2019||RM5.1b||RM6.2b||-RM432,836,783.00||15.4x|
|Fri, 04 Oct 2019||RM3.8b||RM6.3b||-RM421,039,743.00||14x|
|Mon, 08 Jul 2019||RM4.1b||RM6.5b||-RM398,784,031.00||12.7x|
|Sun, 31 Mar 2019||RM4.3b||RM6.8b||-RM182,381,659.00||14.9x|
|Wed, 02 Jan 2019||RM4.2b||RM7.0b||-RM74,784,624.00||13.5x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 17.0x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Forestry industry have grown 30% per year over the last three years, while revenues for these companies have declined 3.4% per year. This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Which industries have driven the changes within the Malaysian Paper and Forestry Products industry?
Industry PE: Investors are most optimistic about the Paper Products industry which is trading above its 3-year average PE ratio of 17.8x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Forestry Products industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 16.6x.
Forecasted Growth: Analysts are most optimistic on the Forestry Products industry, expecting annual earnings growth of 9.1% over the next 5 years. However this is lower than its past earnings growth rate of 39% per year.
Which companies have driven the market over the last 7 days?
Classic Scenic Berhad
Kanger International Berhad
Dominant Enterprise Berhad
NWP Holdings Berhad
Evergreen Fibreboard Berhad
Mieco Chipboard Berhad
Jaya Tiasa Holdings Berhad
BTM Resources Berhad
UPA Corporation Berhad
Eksons Corporation Berhad
Ta Ann Holdings Berhad