Analysis Article • Jun 02
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- 7D-2.5%
- 3M11.5%
- 1Y-14.3%
- YTD-2.9%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 2.5%, driven by V.S. Industry Berhad declining 7.1%. On the other hand THMY Holdings Berhad is actually up 19%. Overall the industry is down 14% in 12 months. As for the next few years, earnings are expected to grow by 21% per annum.
Industry Valuation and Performance
Has the Malaysian Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Jun 2026 | RM 18.9b | RM 24.6b | RM 581.5m | 19.6x | 32.6x | 0.8x |
| Wed, 13 May 2026 | RM 18.7b | RM 25.5b | RM 733.4m | 19.1x | 25.5x | 0.7x |
| Fri, 10 Apr 2026 | RM 16.9b | RM 25.6b | RM 752.2m | 15.9x | 22.4x | 0.7x |
| Sun, 08 Mar 2026 | RM 17.8b | RM 25.7b | RM 735.9m | 15.4x | 24.2x | 0.7x |
| Tue, 03 Feb 2026 | RM 19.9b | RM 27.0b | RM 728.2m | 17.3x | 27.3x | 0.7x |
| Thu, 01 Jan 2026 | RM 19.5b | RM 27.0b | RM 728.6m | 16.8x | 26.8x | 0.7x |
| Sat, 29 Nov 2025 | RM 19.8b | RM 26.8b | RM 728.1m | 19x | 27.2x | 0.7x |
| Mon, 27 Oct 2025 | RM 21.1b | RM 27.1b | RM 652.6m | 22.1x | 32.3x | 0.8x |
| Wed, 24 Sep 2025 | RM 20.9b | RM 26.0b | RM 736.0m | 19.6x | 28.4x | 0.8x |
| Fri, 22 Aug 2025 | RM 20.2b | RM 24.1b | RM 679.3m | 21.2x | 29.8x | 0.8x |
| Sun, 20 Jul 2025 | RM 20.7b | RM 23.8b | RM 667.2m | 18.7x | 31.1x | 0.9x |
| Tue, 17 Jun 2025 | RM 19.9b | RM 23.2b | RM 662.7m | 17.5x | 30.1x | 0.9x |
| Thu, 15 May 2025 | RM 22.4b | RM 20.7b | RM 353.8m | 19.5x | 63.2x | 1.1x |
| Sat, 12 Apr 2025 | RM 18.3b | RM 20.7b | RM 348.8m | 16x | 52.5x | 0.9x |
| Mon, 10 Mar 2025 | RM 20.9b | RM 20.8b | RM 355.8m | 18.9x | 58.9x | 1x |
| Wed, 05 Feb 2025 | RM 23.6b | RM 17.7b | RM 364.8m | 25.6x | 64.7x | 1.3x |
| Fri, 03 Jan 2025 | RM 26.9b | RM 17.7b | RM 367.5m | 27.3x | 73.3x | 1.5x |
| Sun, 01 Dec 2024 | RM 24.0b | RM 17.6b | RM 361.5m | 28.5x | 66.3x | 1.4x |
| Tue, 29 Oct 2024 | RM 23.3b | RM 16.2b | RM 391.1m | 28.7x | 59.7x | 1.4x |
| Thu, 26 Sep 2024 | RM 22.7b | RM 20.3b | RM 8.7b | 30.3x | 2.6x | 1.1x |
| Sat, 24 Aug 2024 | RM 23.3b | RM 15.5b | RM 311.2m | 33x | 75x | 1.5x |
| Mon, 22 Jul 2024 | RM 28.7b | RM 16.0b | RM 363.1m | 32.5x | 79x | 1.8x |
| Wed, 19 Jun 2024 | RM 26.8b | RM 15.9b | RM 327.6m | 34.5x | 81.9x | 1.7x |
| Fri, 17 May 2024 | RM 22.9b | RM 15.9b | RM 273.5m | 24.1x | 83.6x | 1.4x |
| Sun, 14 Apr 2024 | RM 20.3b | RM 15.9b | RM 273.3m | 20.4x | 74.1x | 1.3x |
| Tue, 12 Mar 2024 | RM 18.4b | RM 16.2b | RM 280.7m | 20x | 65.6x | 1.1x |
| Thu, 08 Feb 2024 | RM 17.7b | RM 16.6b | RM 100.9m | 18.6x | 175.6x | 1.1x |
| Sat, 06 Jan 2024 | RM 18.8b | RM 16.6b | RM 101.8m | 20.8x | 185x | 1.1x |
| Mon, 04 Dec 2023 | RM 18.5b | RM 16.8b | RM 121.1m | 19.5x | 152.4x | 1.1x |
| Wed, 01 Nov 2023 | RM 18.0b | RM 17.3b | RM 379.6m | 20.9x | 47.4x | 1x |
| Fri, 29 Sep 2023 | RM 19.3b | RM 17.3b | RM 374.9m | 23.6x | 51.4x | 1.1x |
| Sun, 27 Aug 2023 | RM 18.8b | RM 17.5b | RM 388.4m | 23.1x | 48.4x | 1.1x |
| Tue, 25 Jul 2023 | RM 18.3b | RM 17.8b | RM 597.8m | 21.3x | 30.6x | 1x |
| Thu, 22 Jun 2023 | RM 18.1b | RM 17.7b | RM 590.4m | 21.9x | 30.7x | 1x |
Price to Earnings Ratio
30.7x
Current Industry PE
- Investors are pessimistic on the Malaysian Electronic 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 32.6x which is lower than its 3-year average PE of 59.1x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.77x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 12% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Malaysian Tech industry?
| MY Market | -1.17% | |
| Tech | -1.43% | |
| Electronic Equipment and Components | -2.51% | |
| Electronic Equipment and Instruments | -2.02% | |
| Technology Distributors | -2.28% | |
| Electronic Manufacturing Services | -2.74% | |
| Electronic Components | -3.63% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry, which is trading close to its 3-year average PE ratio of 61.4x.
- Analysts are expecting annual earnings growth of 17.4%, which is lower than the prior year's growth of 21.6% per year.
- Investors are most pessimistic about the Electronic Components industry, which is trading below its 3-year average of 48.2x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 25% over the next 5 years.
- However this is lower than its past earnings growth rate of 125% per year.
- In contrast, the Electronic Equipment and Instruments industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| THMY THMY Holdings Berhad | RM 1.90 | 18.8% +RM 266.4m | n/a | PE124.6x | |
| NATGATE NationGate Holdings Berhad | RM 0.81 | 5.9% +RM 101.8m | -44.5% | PE25.4x | |
| VSTECS VSTECS Berhad | RM 1.97 | 4.2% +RM 85.6m | 91.9% | PE20.3x | |
| CNERGEN Cnergenz Berhad | RM 0.59 | 21.4% +RM 52.3m | 98.3% | PE145.3x | |
| ITMAX ITMAX System Berhad | RM 4.90 | 1.0% +RM 51.8m | 33.5% | PE51.7x |