Lagenda Properties Berhad's (KLSE:LAGENDA) Shareholders Have More To Worry About Than Only Soft Earnings
Jun 03
Malaysian (KLSE) Real Estate Industry Analysis
UpdatedJun 06, 2024
DataAggregated Company Financials
Companies88
- 7D0.5%
- 3M19.3%
- 1Y57.6%
- YTD25.3%
The Real Estate is pretty flat in the last 7 days, but Sime Darby Property Berhad has stood out, gaining 3.3%. As for the the longer term, the industry is up 58% over the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Malaysian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 06 Jun 2024 | RM89.4b | RM43.3b | RM4.6b | 17.1x | 19.5x | 2.1x |
| Sat, 04 May 2024 | RM82.9b | RM40.9b | RM4.1b | 15.4x | 20.4x | 2x |
| Mon, 01 Apr 2024 | RM82.3b | RM40.8b | RM4.1b | 15.2x | 20.2x | 2x |
| Wed, 28 Feb 2024 | RM75.5b | RM40.5b | RM4.1b | 13.6x | 18.3x | 1.9x |
| Fri, 26 Jan 2024 | RM74.6b | RM40.2b | RM4.2b | 13.4x | 18x | 1.9x |
| Sun, 24 Dec 2023 | RM70.1b | RM40.2b | RM4.1b | 12.6x | 17x | 1.7x |
| Tue, 21 Nov 2023 | RM69.7b | RM38.6b | RM4.4b | 13.8x | 16x | 1.8x |
| Thu, 19 Oct 2023 | RM69.1b | RM38.5b | RM4.3b | 14x | 15.9x | 1.8x |
| Sat, 16 Sep 2023 | RM67.9b | RM38.5b | RM4.3b | 14.2x | 15.7x | 1.8x |
| Mon, 14 Aug 2023 | RM62.9b | RM37.5b | RM4.1b | 12.4x | 15.2x | 1.7x |
| Wed, 12 Jul 2023 | RM57.4b | RM37.5b | RM4.1b | 11x | 14x | 1.5x |
| Fri, 09 Jun 2023 | RM54.6b | RM36.6b | RM3.8b | 10.8x | 14.2x | 1.5x |
| Sun, 07 May 2023 | RM53.9b | RM35.1b | RM3.4b | 10.1x | 15.9x | 1.5x |
| Tue, 04 Apr 2023 | RM53.6b | RM35.1b | RM3.2b | 10.4x | 16.8x | 1.5x |
| Thu, 02 Mar 2023 | RM52.8b | RM35.4b | RM3.5b | 9.9x | 15x | 1.5x |
| Sat, 28 Jan 2023 | RM52.6b | RM34.7b | RM3.2b | 10x | 16.3x | 1.5x |
| Mon, 26 Dec 2022 | RM49.7b | RM34.4b | RM3.2b | 10.3x | 15.7x | 1.4x |
| Wed, 23 Nov 2022 | RM47.6b | RM32.5b | RM2.4b | 10.2x | 20.1x | 1.5x |
| Fri, 21 Oct 2022 | RM45.6b | RM31.7b | RM2.3b | 10.3x | 20.2x | 1.4x |
| Sun, 18 Sep 2022 | RM48.9b | RM31.6b | RM2.5b | 11.9x | 19.5x | 1.5x |
| Tue, 16 Aug 2022 | RM48.7b | RM30.7b | RM2.1b | 13.4x | 22.7x | 1.6x |
| Thu, 14 Jul 2022 | RM45.7b | RM30.8b | RM2.2b | 13x | 21.3x | 1.5x |
| Sat, 11 Jun 2022 | RM49.8b | RM30.8b | RM2.0b | 13.9x | 25.5x | 1.6x |
| Mon, 09 May 2022 | RM53.3b | RM31.5b | RM2.1b | 14.2x | 25.7x | 1.7x |
| Wed, 06 Apr 2022 | RM54.3b | RM31.8b | RM2.1b | 13.1x | 25.3x | 1.7x |
| Fri, 04 Mar 2022 | RM55.1b | RM32.1b | RM2.3b | 13.1x | 23.8x | 1.7x |
| Sun, 30 Jan 2022 | RM52.5b | RM31.9b | RM1.8b | 14.2x | 29.2x | 1.6x |
| Tue, 28 Dec 2021 | RM52.5b | RM32.0b | RM1.8b | 12.8x | 28.7x | 1.6x |
| Thu, 25 Nov 2021 | RM55.6b | RM33.3b | RM2.1b | 11.7x | 26.8x | 1.7x |
| Sat, 23 Oct 2021 | RM58.6b | RM34.2b | RM1.7b | 12.1x | 33.6x | 1.7x |
| Mon, 20 Sep 2021 | RM55.3b | RM34.7b | RM1.8b | 11.3x | 30.3x | 1.6x |
| Wed, 18 Aug 2021 | RM52.9b | RM35.1b | RM1.8b | 10.6x | 29x | 1.5x |
Price to Earnings Ratio
28.6x
Current Industry PE
- Investors are relatively neutral on the Malaysian Real Estate 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 PE ratio of 21.2x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 36% per year over the last three years.
- Revenues for these companies have grown 7.2% 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 industry?
| MY Market | -0.075% | |
| Real Estate | 0.35% | |
| Real Estate | 0.52% | |
| Real Estate Development | 0.66% | |
| Diversified Real Estate | 0.25% | |
| Real Estate Services | 0% | |
| Real Estate Operating Companies | -3.77% | |
Industry PE
- Investors are most optimistic about the Real Estate Development industry, which is trading close to its 3-year average PE ratio of 18.8x.
- Analysts are expecting annual earnings growth of 11.6%, which is lower than the prior year's growth of 13.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 12% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 24% 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 | |
|---|---|---|---|---|---|
| SIMEPROP Sime Darby Property Berhad | RM1.24 | 3.3% +RM272.0m | 166.7% | PE17.9x | |
| MAHSING Mah Sing Group Berhad | RM1.60 | 5.3% +RM204.8m | 171.2% | PE18.2x | |
| UEMS UEM Sunrise Berhad | RM1.14 | 3.6% +RM202.3m | 347.1% | PE88.8x | |
| ECOWLD Eco World Development Group Berhad | RM1.55 | 4.0% +RM176.7m | 103.9% | PE22.6x | |
| SHL SHL Consolidated Bhd | RM2.51 | 12.1% +RM65.4m | 32.1% | PE8.1x |
