Analysis Article • Jun 02
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- 7D-5.1%
- 3M9.3%
- 1Y-15.6%
- YTD-2.7%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 5.5%, driven by pullbacks in VSTECS Berhad and NationGate Holdings Berhad of 11% and 11%, respectively. However, the industry is down 15% over the past year. Earnings are forecast to grow by 20% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 10 Jun 2026 | RM 19.0b | RM 24.6b | RM 581.2m | 18.9x | 32.6x | 0.8x |
| Fri, 08 May 2026 | RM 18.6b | RM 25.5b | RM 733.1m | 17.6x | 25.4x | 0.7x |
| Sun, 05 Apr 2026 | RM 16.3b | RM 25.6b | RM 752.1m | 15x | 21.7x | 0.6x |
| Tue, 03 Mar 2026 | RM 18.9b | RM 25.7b | RM 703.9m | 17x | 26.9x | 0.7x |
| Thu, 29 Jan 2026 | RM 20.0b | RM 27.0b | RM 728.6m | 16.9x | 27.5x | 0.7x |
| Sat, 27 Dec 2025 | RM 19.7b | RM 27.0b | RM 777.7m | 16.8x | 25.4x | 0.7x |
| Mon, 24 Nov 2025 | RM 19.7b | RM 27.3b | RM 665.8m | 20.1x | 29.5x | 0.7x |
| Wed, 22 Oct 2025 | RM 20.1b | RM 27.0b | RM 642.5m | 21x | 31.2x | 0.7x |
| Fri, 19 Sep 2025 | RM 20.2b | RM 26.0b | RM 736.0m | 19x | 27.4x | 0.8x |
| Sun, 17 Aug 2025 | RM 20.9b | RM 24.1b | RM 679.7m | 20.1x | 30.8x | 0.9x |
| Tue, 15 Jul 2025 | RM 21.1b | RM 23.8b | RM 667.2m | 19x | 31.7x | 0.9x |
| Thu, 12 Jun 2025 | RM 20.6b | RM 23.3b | RM 698.2m | 17.8x | 29.5x | 0.9x |
| Sat, 10 May 2025 | RM 20.7b | RM 20.7b | RM 353.8m | 17x | 58.4x | 1x |
| Mon, 07 Apr 2025 | RM 19.1b | RM 20.7b | RM 348.8m | 17.2x | 54.7x | 0.9x |
| Wed, 05 Mar 2025 | RM 20.8b | RM 20.8b | RM 355.8m | 18.1x | 58.5x | 1x |
| Fri, 31 Jan 2025 | RM 22.9b | RM 17.7b | RM 364.8m | 25.5x | 62.7x | 1.3x |
| Sun, 29 Dec 2024 | RM 26.5b | RM 17.7b | RM 367.5m | 27.3x | 72x | 1.5x |
| Tue, 26 Nov 2024 | RM 24.4b | RM 16.4b | RM 357.0m | 31.5x | 68.3x | 1.5x |
| Thu, 24 Oct 2024 | RM 23.8b | RM 16.3b | RM 409.3m | 27.4x | 58.1x | 1.5x |
| Sat, 21 Sep 2024 | RM 23.5b | RM 16.0b | RM 351.0m | 30.6x | 66.9x | 1.5x |
| Mon, 19 Aug 2024 | RM 26.5b | RM 16.0b | RM 374.6m | 33x | 70.7x | 1.7x |
| Wed, 17 Jul 2024 | RM 29.1b | RM 16.0b | RM 363.1m | 34.1x | 80.2x | 1.8x |
| Fri, 14 Jun 2024 | RM 26.5b | RM 15.9b | RM 327.7m | 34.5x | 80.8x | 1.7x |
| Sun, 12 May 2024 | RM 21.9b | RM 16.0b | RM 274.1m | 24x | 79.9x | 1.4x |
| Tue, 09 Apr 2024 | RM 20.1b | RM 15.9b | RM 273.3m | 20x | 73.4x | 1.3x |
| Thu, 07 Mar 2024 | RM 18.6b | RM 16.2b | RM 280.7m | 19.7x | 66.2x | 1.1x |
| Sat, 03 Feb 2024 | RM 17.7b | RM 16.6b | RM 103.9m | 18.7x | 170.4x | 1.1x |
| Mon, 01 Jan 2024 | RM 18.6b | RM 16.6b | RM 101.8m | 19.9x | 182.7x | 1.1x |
| Wed, 29 Nov 2023 | RM 18.3b | RM 17.1b | RM 372.0m | 21.2x | 49.2x | 1.1x |
| Fri, 27 Oct 2023 | RM 18.0b | RM 17.3b | RM 378.3m | 23.3x | 47.6x | 1x |
| Sun, 24 Sep 2023 | RM 19.4b | RM 17.2b | RM 340.2m | 25.1x | 56.9x | 1.1x |
| Tue, 22 Aug 2023 | RM 18.6b | RM 17.7b | RM 408.4m | 23.2x | 45.6x | 1.1x |
| Thu, 20 Jul 2023 | RM 18.8b | RM 17.8b | RM 597.8m | 22.5x | 31.5x | 1.1x |
| Sat, 17 Jun 2023 | RM 18.0b | RM 17.7b | RM 587.2m | 21.7x | 30.6x | 1x |
Price to Earnings Ratio
30.6x
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 32.5x 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 | -1.18% | |
| Tech | -3.20% | |
| Electronic Equipment and Components | -5.08% | |
| Electronic Equipment and Instruments | -2.88% | |
| Electronic Components | -4.03% | |
| Electronic Manufacturing Services | -5.51% | |
| Technology Distributors | -8.18% | |
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 62.2x.
- 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 48.1x.
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 Technology Distributors industry is expected to see its earnings grow by 16% 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 1.76 | 2.3% +RM 35.5m | n/a | PE115.4x | |
| MIKROMB Mikro MSC Berhad | RM 0.48 | 3.2% +RM 18.1m | 148.7% | PE26.2x | |
| SALUTE Salutica Berhad | RM 0.14 | 8.0% +RM 4.7m | -40.0% | PS1.8x | |
| ARTRONIQ Artroniq Berhad | RM 0.14 | 3.6% +RM 2.5m | 70.6% | PS6.6x | |
| AMTEL Amtel Holdings Berhad | RM 0.37 | 4.2% +RM 1.4m | -7.5% | PE6.9x |