At RM1.36, Is S P Setia Berhad (KLSE:SPSETIA) Worth Looking At Closely?
Nov 12
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Malaysian (KLSE) Real Estate Sector Analysis
UpdatedNov 24, 2024
DataAggregated Company Financials
Companies108
- 7D0.5%
- 3M3.8%
- 1Y20.7%
- YTD19.9%
Last week, the Real Estate industry hasn't moved much but Tanco Holdings Berhad is up 10% in that time. The past year has been better, since the industry has gained 21% in that time. Earnings are forecast to be flat in the coming years.
Sector Valuation and Performance
Has the Malaysian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | RM 137.7b | RM 51.3b | RM 9.8b | 13.9x | 14x | 2.7x |
| Tue, 22 Oct 2024 | RM 140.9b | RM 51.0b | RM 10.0b | 13.5x | 14.1x | 2.8x |
| Thu, 19 Sep 2024 | RM 134.7b | RM 50.6b | RM 9.8b | 13.2x | 13.7x | 2.7x |
| Sat, 17 Aug 2024 | RM 133.6b | RM 50.2b | RM 8.3b | 14.9x | 16.1x | 2.7x |
| Mon, 15 Jul 2024 | RM 138.3b | RM 49.3b | RM 7.9b | 15.2x | 17.6x | 2.8x |
| Wed, 12 Jun 2024 | RM 137.7b | RM 48.7b | RM 7.6b | 15.4x | 18.1x | 2.8x |
| Fri, 10 May 2024 | RM 131.1b | RM 47.1b | RM 7.3b | 14.6x | 17.9x | 2.8x |
| Sun, 07 Apr 2024 | RM 126.3b | RM 46.9b | RM 7.3b | 14.4x | 17.3x | 2.7x |
| Tue, 05 Mar 2024 | RM 117.6b | RM 46.6b | RM 7.4b | 13.9x | 16x | 2.5x |
| Thu, 01 Feb 2024 | RM 117.6b | RM 46.3b | RM 7.3b | 13.4x | 16.1x | 2.5x |
| Sat, 30 Dec 2023 | RM 112.1b | RM 46.1b | RM 7.1b | 13x | 15.7x | 2.4x |
| Mon, 27 Nov 2023 | RM 111.5b | RM 45.4b | RM 7.0b | 13x | 15.9x | 2.5x |
| Wed, 25 Oct 2023 | RM 109.9b | RM 44.3b | RM 7.3b | 14.1x | 15x | 2.5x |
| Fri, 22 Sep 2023 | RM 111.8b | RM 44.2b | RM 7.1b | 14.9x | 15.7x | 2.5x |
| Sun, 20 Aug 2023 | RM 106.9b | RM 43.1b | RM 6.9b | 14.1x | 15.5x | 2.5x |
| Tue, 18 Jul 2023 | RM 99.7b | RM 43.0b | RM 6.9b | 12.8x | 14.3x | 2.3x |
| Thu, 15 Jun 2023 | RM 96.0b | RM 42.2b | RM 6.7b | 12.8x | 14.3x | 2.3x |
| Sat, 13 May 2023 | RM 95.0b | RM 40.6b | RM 6.2b | 12.6x | 15.4x | 2.3x |
| Mon, 10 Apr 2023 | RM 96.0b | RM 40.5b | RM 6.3b | 12.4x | 15.2x | 2.4x |
| Wed, 08 Mar 2023 | RM 94.0b | RM 40.7b | RM 6.0b | 12.2x | 15.7x | 2.3x |
| Fri, 03 Feb 2023 | RM 95.4b | RM 40.0b | RM 5.8b | 12.9x | 16.3x | 2.4x |
| Sun, 01 Jan 2023 | RM 88.1b | RM 39.8b | RM 5.3b | 12x | 16.5x | 2.2x |
| Tue, 29 Nov 2022 | RM 87.5b | RM 38.6b | RM 5.1b | 12.8x | 17.1x | 2.3x |
| Thu, 27 Oct 2022 | RM 84.0b | RM 36.5b | RM 4.1b | 13x | 20.3x | 2.3x |
| Sat, 24 Sep 2022 | RM 86.2b | RM 36.3b | RM 4.4b | 13.8x | 19.7x | 2.4x |
| Mon, 22 Aug 2022 | RM 89.2b | RM 35.4b | RM 4.0b | 14.7x | 22.2x | 2.5x |
| Wed, 20 Jul 2022 | RM 84.5b | RM 35.2b | RM 3.8b | 14.1x | 22.2x | 2.4x |
| Fri, 17 Jun 2022 | RM 87.2b | RM 35.2b | RM 3.5b | 14.8x | 24.7x | 2.5x |
| Sun, 15 May 2022 | RM 91.0b | RM 35.9b | RM 3.7b | 15.1x | 24.8x | 2.5x |
| Tue, 12 Apr 2022 | RM 92.7b | RM 36.1b | RM 3.6b | 14.9x | 25.6x | 2.6x |
| Thu, 10 Mar 2022 | RM 89.6b | RM 36.5b | RM 3.8b | 14.2x | 23.6x | 2.5x |
| Sat, 05 Feb 2022 | RM 90.7b | RM 36.3b | RM 3.2b | 15.6x | 28.8x | 2.5x |
| Mon, 03 Jan 2022 | RM 91.9b | RM 36.2b | RM 2.8b | 14.2x | 32.3x | 2.5x |
| Wed, 01 Dec 2021 | RM 92.0b | RM 36.5b | RM 2.9b | 13.4x | 31.2x | 2.5x |
Price to Earnings Ratio
31.2x
Current Industry PE
- Investors are pessimistic on the Malaysian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.0x which is lower than its 3-year average PE of 18.8x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 49% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Malaysian Real Estate sector?
| MY Market | 0.092% | |
| Real Estate | 0.51% | |
| Real Estate | 1.07% | |
| Industrial REITs | 0.73% | |
| Office REITs | 0.01% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Health Care REITs | 0% | |
| REITS | -0.35% | |
| Retail REITs | -0.92% | |
Industry PE
- Investors are most optimistic about the Health Care REITs industry, which is trading close to its 3-year average PE ratio of 18.3x.
- Analysts are expecting annual earnings growth of 4.5%, which is lower than the prior year's growth of 9.8% per year.
- Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading close to its 3-year average of 12.3x.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 5.6% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 25% 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 | |
|---|---|---|---|---|---|
| TANCO Tanco Holdings Berhad | RM 1.61 | 10.3% +RM 331.3m | 180.0% | PE294.4x | |
| SIMEPROP Sime Darby Property Berhad | RM 1.45 | 2.8% +RM 272.0m | 130.2% | PE18.1x | |
| ECOWLD Eco World Development Group Berhad | RM 1.87 | 4.5% +RM 235.9m | 78.1% | PE24.7x | |
| CRESNDO Crescendo Corporation Berhad | RM 1.34 | 14.5% +RM 141.6m | 111.6% | PE2.4x | |
| MATRIX Matrix Concepts Holdings Berhad | RM 2.30 | 5.0% +RM 137.6m | 42.9% | PE12x |
