Jaya Tiasa Holdings Berhad's (KLSE:JTIASA) Soft Earnings Are Actually Better Than They Appear
Sep 06
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Malaysian (KLSE) Paper and Forestry Products Industry Analysis
UpdatedSep 12, 2024
DataAggregated Company Financials
Companies22
- 7D-0.7%
- 3M-9.2%
- 1Y1.2%
- YTD-0.6%
Over the last 7 days, the Paper and Forestry Products industry has remained flat, although notably Evergreen Fibreboard Berhad declined by 4.7%. The past year has been better, since the industry has gained 3.0% in that time. As for the next few years, earnings are expected to grow by 18% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 12 Sep 2024 | RM 4.1b | RM 5.8b | -RM 2,036,374.00 | 14.4x | -2015.2x | 0.7x |
| Sat, 10 Aug 2024 | RM 4.2b | RM 5.7b | RM 74.7m | 10.4x | 56.3x | 0.7x |
| Mon, 08 Jul 2024 | RM 4.6b | RM 5.7b | RM 75.6m | 10.7x | 60.6x | 0.8x |
| Wed, 05 Jun 2024 | RM 4.3b | RM 5.7b | RM 74.2m | 11.8x | 57.8x | 0.8x |
| Fri, 03 May 2024 | RM 4.1b | RM 5.4b | RM 74.8m | 13.2x | 54.8x | 0.8x |
| Sun, 31 Mar 2024 | RM 4.2b | RM 5.4b | RM 75.3m | 13.9x | 56.1x | 0.8x |
| Tue, 27 Feb 2024 | RM 4.2b | RM 5.1b | -RM 15,878,404.00 | 12.9x | -261.9x | 0.8x |
| Thu, 25 Jan 2024 | RM 4.1b | RM 5.4b | -RM 90,546,484.00 | 13.5x | -45.4x | 0.8x |
| Sat, 23 Dec 2023 | RM 3.8b | RM 5.4b | -RM 90,546,484.00 | 12.2x | -42.4x | 0.7x |
| Mon, 20 Nov 2023 | RM 3.9b | RM 5.4b | -RM 25,695,484.00 | 13.4x | -152.5x | 0.7x |
| Wed, 18 Oct 2023 | RM 3.9b | RM 5.4b | -RM 24,563,484.00 | 13.6x | -159.8x | 0.7x |
| Fri, 15 Sep 2023 | RM 3.8b | RM 5.4b | -RM 24,563,484.00 | 12.8x | -154.8x | 0.7x |
| Sun, 13 Aug 2023 | RM 3.7b | RM 5.8b | RM 100.7m | 9.2x | 36.5x | 0.6x |
| Tue, 11 Jul 2023 | RM 3.6b | RM 5.8b | RM 98.4m | 7.9x | 36.4x | 0.6x |
| Thu, 08 Jun 2023 | RM 3.7b | RM 6.0b | RM 113.5m | 9.8x | 32.8x | 0.6x |
| Sat, 06 May 2023 | RM 3.9b | RM 6.4b | RM 190.6m | 9.2x | 20.4x | 0.6x |
| Mon, 03 Apr 2023 | RM 3.8b | RM 6.4b | RM 181.3m | 9.4x | 21.2x | 0.6x |
| Wed, 01 Mar 2023 | RM 4.1b | RM 6.3b | RM 121.1m | 7.9x | 33.7x | 0.7x |
| Fri, 27 Jan 2023 | RM 4.2b | RM 6.5b | RM 340.0m | 8.4x | 12.4x | 0.7x |
| Sun, 25 Dec 2022 | RM 5.5b | RM 8.7b | RM 721.9m | 8x | 7.6x | 0.6x |
| Tue, 22 Nov 2022 | RM 5.4b | RM 8.3b | RM 658.6m | 5.9x | 8.1x | 0.6x |
| Thu, 20 Oct 2022 | RM 5.2b | RM 8.3b | RM 657.8m | 6.1x | 8x | 0.6x |
| Sat, 17 Sep 2022 | RM 5.5b | RM 8.3b | RM 657.8m | 7.4x | 8.3x | 0.7x |
| Mon, 15 Aug 2022 | RM 5.6b | RM 7.7b | RM 561.3m | 10.2x | 9.9x | 0.7x |
| Wed, 13 Jul 2022 | RM 5.3b | RM 7.7b | RM 552.2m | 9.2x | 9.6x | 0.7x |
| Fri, 10 Jun 2022 | RM 6.2b | RM 7.7b | RM 550.2m | 11.4x | 11.3x | 0.8x |
| Sun, 08 May 2022 | RM 7.5b | RM 7.2b | RM 418.3m | 14.9x | 17.8x | 1x |
| Tue, 05 Apr 2022 | RM 6.9b | RM 7.2b | RM 423.5m | 13.6x | 16.4x | 1x |
| Thu, 03 Mar 2022 | RM 7.0b | RM 7.0b | RM 465.0m | 13.4x | 15x | 1x |
| Sat, 29 Jan 2022 | RM 5.4b | RM 6.4b | RM 159.6m | 21.6x | 33.6x | 0.8x |
| Mon, 27 Dec 2021 | RM 5.1b | RM 6.4b | RM 160.0m | 20x | 31.9x | 0.8x |
| Wed, 24 Nov 2021 | RM 5.3b | RM 6.7b | RM 117.6m | 18x | 44.9x | 0.8x |
| Fri, 22 Oct 2021 | RM 5.4b | RM 6.5b | RM 43.1m | 15.3x | 125.1x | 0.8x |
| Sun, 19 Sep 2021 | RM 4.9b | RM 6.4b | -RM 17,757,909.00 | 13.7x | -275.2x | 0.8x |
Price to Earnings Ratio
-275.2x
Current Industry PE
- Investors are relatively neutral on the Malaysian Forestry 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 0.74x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have improved over the last three years.
- Meanwhile revenues for these companies have declined 3.2% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.
Industry Trends
Which industries have driven the changes within the Malaysian Materials industry?
| MY Market | -2.38% | |
| Materials | -3.59% | |
| Paper and Forestry Products | -0.72% | |
| Paper Products | 1.55% | |
| Forestry Products | -0.88% | |
Industry PE
- Investors are most optimistic about the Paper Products industry which is trading above its 3-year average PE ratio of 18.1x.
- 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 Forestry Products industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 1.6% per year.
- In contrast, the Forestry Products industry is expected to see its earnings grow by 18% 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 1.05 | 1.0% +RM 9.7m | 28.8% | PE7.2x | |
| MIECO Mieco Chipboard Berhad | RM 0.69 | 0.7% +RM 5.0m | 7.8% | PS1.7x | |
| EVERGRN Evergreen Fibreboard Berhad | RM 0.32 | 1.6% +RM 4.2m | -6.0% | PS0.3x | |
| HEVEA HeveaBoard Berhad | RM 0.29 | 1.7% +RM 2.8m | -14.5% | PE52x | |
| UPA UPA Corporation Berhad | RM 0.73 | 0.7% +RM 1.2m | -5.8% | PE82.1x |
