Investors Continue Waiting On Sidelines For Evergreen Fibreboard Berhad (KLSE:EVERGRN)
Jul 01
Malaysian (KLSE) Paper and Forestry Products Industry Analysis
UpdatedJul 02, 2024
DataAggregated Company Financials
Companies22
- 7D1.5%
- 3M-1.0%
- 1Y15.8%
- YTD9.5%
In the last week, the Paper and Forestry Products industry is up 1.5%, with Jaya Tiasa Holdings Berhad up 4.6%. Meanwhile, Hextar Retail Berhad actually underperformed within the industry, shrinking 15% in the last week. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Malaysian Paper and Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 02 Jul 2024 | RM 4.5b | RM 5.7b | RM 75.6m | 10.5x | 59.2x | 0.8x |
| Thu, 30 May 2024 | RM 4.4b | RM 5.6b | RM 30.6m | 14.8x | 143.7x | 0.8x |
| Sat, 27 Apr 2024 | RM 4.1b | RM 5.4b | RM 75.3m | 13.8x | 55x | 0.8x |
| Mon, 25 Mar 2024 | RM 4.2b | RM 5.4b | RM 75.3m | 13.8x | 55.8x | 0.8x |
| Wed, 21 Feb 2024 | RM 4.3b | RM 5.1b | -RM 15,571,404.00 | 13.2x | -273.1x | 0.8x |
| Fri, 19 Jan 2024 | RM 3.9b | RM 5.4b | -RM 90,546,484.00 | 13.3x | -43.1x | 0.7x |
| Sun, 17 Dec 2023 | RM 3.8b | RM 5.4b | -RM 90,546,484.00 | 12.1x | -42.1x | 0.7x |
| Tue, 14 Nov 2023 | RM 3.9b | RM 5.4b | -RM 25,564,484.00 | 13.4x | -152x | 0.7x |
| Thu, 12 Oct 2023 | RM 3.9b | RM 5.4b | -RM 24,563,484.00 | 13.4x | -158.7x | 0.7x |
| Sat, 09 Sep 2023 | RM 3.8b | RM 5.4b | -RM 24,563,484.00 | 12.7x | -155.7x | 0.7x |
| Mon, 07 Aug 2023 | RM 3.6b | RM 5.8b | RM 101.4m | 8.3x | 35.8x | 0.6x |
| Wed, 05 Jul 2023 | RM 3.6b | RM 5.8b | RM 98.8m | 8x | 36.5x | 0.6x |
| Fri, 02 Jun 2023 | RM 3.7b | RM 6.2b | RM 163.5m | 7.7x | 22.8x | 0.6x |
| Sun, 30 Apr 2023 | RM 3.9b | RM 6.4b | RM 190.6m | 9.2x | 20.3x | 0.6x |
| Tue, 28 Mar 2023 | RM 3.8b | RM 6.4b | RM 181.3m | 9.5x | 20.9x | 0.6x |
| Thu, 23 Feb 2023 | RM 4.2b | RM 6.4b | RM 307.2m | 8.4x | 13.7x | 0.7x |
| Sat, 21 Jan 2023 | RM 4.1b | RM 6.5b | RM 340.1m | 9x | 12.1x | 0.6x |
| Mon, 19 Dec 2022 | RM 5.5b | RM 8.7b | RM 721.9m | 8x | 7.6x | 0.6x |
| Wed, 16 Nov 2022 | RM 5.5b | RM 8.3b | RM 658.1m | 6.3x | 8.3x | 0.7x |
| Fri, 14 Oct 2022 | RM 5.0b | RM 8.3b | RM 657.8m | 6.1x | 7.5x | 0.6x |
| Sun, 11 Sep 2022 | RM 5.6b | RM 8.3b | RM 657.8m | 7.4x | 8.6x | 0.7x |
| Tue, 09 Aug 2022 | RM 5.6b | RM 7.7b | RM 559.2m | 10.8x | 10x | 0.7x |
| Thu, 07 Jul 2022 | RM 5.2b | RM 7.7b | RM 552.2m | 9.2x | 9.3x | 0.7x |
| Sat, 04 Jun 2022 | RM 6.4b | RM 7.7b | RM 550.2m | 12.2x | 11.6x | 0.8x |
| Mon, 02 May 2022 | RM 7.7b | RM 7.2b | RM 414.9m | 15.4x | 18.6x | 1.1x |
| Wed, 30 Mar 2022 | RM 6.7b | RM 7.2b | RM 423.5m | 14.5x | 15.8x | 0.9x |
| Fri, 25 Feb 2022 | RM 6.5b | RM 6.7b | RM 219.0m | 20.1x | 29.7x | 1x |
| Sun, 23 Jan 2022 | RM 5.4b | RM 6.4b | RM 160.0m | 21.7x | 33.7x | 0.8x |
| Tue, 21 Dec 2021 | RM 4.9b | RM 6.4b | RM 160.0m | 20.2x | 30.9x | 0.8x |
| Thu, 18 Nov 2021 | RM 5.2b | RM 6.5b | RM 42.4m | 16.3x | 121.5x | 0.8x |
| Sat, 16 Oct 2021 | RM 5.4b | RM 6.5b | RM 43.1m | 15.4x | 125.9x | 0.8x |
| Mon, 13 Sep 2021 | RM 4.9b | RM 6.4b | -RM 17,757,909.00 | 14.1x | -276.3x | 0.8x |
| Wed, 11 Aug 2021 | RM 4.6b | RM 6.3b | -RM 70,128,909.00 | 18.7x | -65.6x | 0.7x |
Price to Earnings Ratio
-65.5x
Current Industry PE
- Investors are optimistic on the Malaysian Forestry industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 59.2x which is higher than its 3-year average PE of 3.4x.
- The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
- Total earnings for the Forestry industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 3.2% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Malaysian Materials industry?
| MY Market | 0.52% | |
| Materials | -1.67% | |
| Paper and Forestry Products | 1.51% | |
| Forestry Products | 1.63% | |
| Paper Products | -0.25% | |
Industry PE
- Investors are most optimistic about the Forestry Products industry which is trading above its 3-year average PE ratio of 3.0x.
- Analysts are expecting annual earnings growth of 11.8%, which is lower than the prior year's growth of 36.1% per year.
- Investors are most pessimistic about the Paper Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.4x.
Forecasted Growth
- Analysts are most optimistic on the Forestry Products industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 36% per year.
- In contrast, the Forestry Products industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| JTIASA Jaya Tiasa Holdings Berhad | RM 1.13 | 7.6% +RM 77.4m | 63.8% | PE6x | |
| EVERGRN Evergreen Fibreboard Berhad | RM 0.41 | 22.1% +RM 63.4m | 48.2% | PS0.4x | |
| MIECO Mieco Chipboard Berhad | RM 0.70 | 3.7% +RM 25.0m | 11.1% | PS1.8x | |
| HEVEA HeveaBoard Berhad | RM 0.37 | 7.2% +RM 14.1m | 8.8% | PE51.5x | |
| TOPMIX Topmix Berhad | RM 0.59 | 4.4% +RM 9.8m | n/a | PE27.9x |
