Analysis Article • Jun 23
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- 7D4.7%
- 3M15.8%
- 1Y-15.3%
- YTD-0.2%
Over the last 7 days, the Electronic Equipment and Components industry has remained flat, although notably NationGate Holdings Berhad gained 22%. Unfortunately though, the industry is down 16% over the past 12 months. Looking forward, earnings are forecast to grow by 22% 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, 01 Jul 2026 | RM 19.5b | RM 24.5b | RM 524.8m | 19.5x | 37.1x | 0.8x |
| Fri, 29 May 2026 | RM 19.0b | RM 26.0b | RM 753.5m | 15.6x | 25.2x | 0.7x |
| Sun, 26 Apr 2026 | RM 18.6b | RM 25.6b | RM 752.2m | 17.6x | 24.7x | 0.7x |
| Tue, 24 Mar 2026 | RM 18.0b | RM 25.7b | RM 735.0m | 14.7x | 24.5x | 0.7x |
| Thu, 19 Feb 2026 | RM 19.7b | RM 27.2b | RM 707.1m | 17.6x | 27.8x | 0.7x |
| Sat, 17 Jan 2026 | RM 21.0b | RM 27.0b | RM 728.6m | 17.7x | 28.8x | 0.8x |
| Mon, 15 Dec 2025 | RM 19.8b | RM 27.0b | RM 777.7m | 16.8x | 25.5x | 0.7x |
| Wed, 12 Nov 2025 | RM 20.7b | RM 27.1b | RM 655.4m | 22x | 31.5x | 0.8x |
| Fri, 10 Oct 2025 | RM 21.0b | RM 27.0b | RM 642.5m | 23.4x | 32.7x | 0.8x |
| Sun, 07 Sep 2025 | RM 20.1b | RM 26.0b | RM 736.0m | 19x | 27.3x | 0.8x |
| Tue, 05 Aug 2025 | RM 21.1b | RM 23.9b | RM 675.0m | 18.1x | 31.2x | 0.9x |
| Thu, 03 Jul 2025 | RM 20.9b | RM 23.8b | RM 667.2m | 18.9x | 31.4x | 0.9x |
| Sat, 31 May 2025 | RM 20.6b | RM 23.4b | RM 466.7m | 17.6x | 44.2x | 0.9x |
| Mon, 28 Apr 2025 | RM 19.5b | RM 20.7b | RM 348.8m | 17.3x | 55.9x | 0.9x |
| Wed, 26 Mar 2025 | RM 20.6b | RM 20.8b | RM 351.9m | 19.6x | 58.6x | 1x |
| Fri, 21 Feb 2025 | RM 23.8b | RM 17.8b | RM 369.5m | 22.6x | 64.5x | 1.3x |
| Sun, 19 Jan 2025 | RM 24.5b | RM 17.7b | RM 367.5m | 25x | 66.6x | 1.4x |
| Tue, 17 Dec 2024 | RM 26.0b | RM 17.7b | RM 367.5m | 26.1x | 70.6x | 1.5x |
| Thu, 14 Nov 2024 | RM 23.9b | RM 16.2b | RM 391.3m | 28.9x | 61.1x | 1.5x |
| Sat, 12 Oct 2024 | RM 22.4b | RM 16.1b | RM 372.7m | 29.8x | 60.2x | 1.4x |
| Mon, 09 Sep 2024 | RM 22.2b | RM 16.0b | RM 351.0m | 29.8x | 63.3x | 1.4x |
| Wed, 07 Aug 2024 | RM 23.7b | RM 16.0b | RM 375.0m | 30.5x | 63.3x | 1.5x |
| Fri, 05 Jul 2024 | RM 27.5b | RM 16.0b | RM 363.1m | 32.5x | 75.7x | 1.7x |
| Sun, 02 Jun 2024 | RM 24.0b | RM 15.9b | RM 303.6m | 28.1x | 79.2x | 1.5x |
| Tue, 30 Apr 2024 | RM 20.9b | RM 16.0b | RM 274.0m | 20.3x | 76.3x | 1.3x |
| Thu, 28 Mar 2024 | RM 19.7b | RM 16.3b | RM 291.3m | 20.2x | 67.7x | 1.2x |
| Sat, 24 Feb 2024 | RM 18.8b | RM 16.6b | RM 111.2m | 19.6x | 169.2x | 1.1x |
| Mon, 22 Jan 2024 | RM 18.0b | RM 16.6b | RM 101.8m | 19.5x | 176.8x | 1.1x |
| Wed, 20 Dec 2023 | RM 18.5b | RM 16.8b | RM 111.2m | 19.7x | 166.8x | 1.1x |
| Fri, 17 Nov 2023 | RM 18.4b | RM 17.2b | RM 366.9m | 23.3x | 50.1x | 1.1x |
| Sun, 15 Oct 2023 | RM 18.9b | RM 17.3b | RM 378.3m | 23x | 49.9x | 1.1x |
| Tue, 12 Sep 2023 | RM 18.8b | RM 17.1b | RM 348.1m | 25.4x | 54.1x | 1.1x |
| Thu, 10 Aug 2023 | RM 18.4b | RM 17.7b | RM 405.7m | 22.8x | 45.5x | 1x |
| Sat, 08 Jul 2023 | RM 17.8b | RM 17.8b | RM 597.8m | 21.8x | 29.8x | 1x |
Price to Earnings Ratio
29.8x
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 36.6x which is lower than its 3-year average PE of 59.2x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.79x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 4.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 11% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Tech industry?
| MY Market | -0.33% | |
| Tech | 4.67% | |
| Electronic Equipment and Components | 4.73% | |
| Electronic Manufacturing Services | 7.49% | |
| Technology Distributors | 4.72% | |
| Electronic Equipment and Instruments | 2.41% | |
| Electronic Components | 2.40% | |
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 59.9x.
- Analysts are expecting annual earnings growth of 17.3%, 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 Manufacturing Services industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 5.2% 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 | |
|---|---|---|---|---|---|
| NATGATE NationGate Holdings Berhad | RM 0.89 | 21.9% +RM 362.0m | -45.4% | PE28.1x | |
| NE Northeast Group Berhad | RM 1.15 | 12.7% +RM 96.2m | 117.0% | PE25.2x | |
| ITMAX ITMAX System Berhad | RM 4.88 | 1.9% +RM 93.3m | 28.8% | PE51.5x | |
| THMY THMY Holdings Berhad | RM 1.77 | 4.7% +RM 71.0m | n/a | PE116.1x | |
| VSTECS VSTECS Berhad | RM 1.78 | 3.5% +RM 64.2m | 76.2% | PE18.4x |