We Think You Should Be Aware Of Some Concerning Factors In Mesiniaga Berhad's (KLSE:MSNIAGA) Earnings
Jun 06
Malaysian (KLSE) IT Industry Analysis
UpdatedJun 06, 2024
DataAggregated Company Financials
Companies25
- 7D-0.2%
- 3M16.0%
- 1Y18.5%
- YTD12.9%
The IT industry has stayed flat over the last week. The past year has been better, since the industry has gained 19% in that time. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Malaysian IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 06 Jun 2024 | RM5.7b | RM3.2b | -RM73,920,263.00 | 25.2x | -77.4x | 1.8x |
| Sat, 04 May 2024 | RM5.3b | RM3.1b | -RM21,940,032.00 | 25.4x | -241.9x | 1.7x |
| Mon, 01 Apr 2024 | RM5.1b | RM3.2b | -RM7,938,032.00 | 21.9x | -637.6x | 1.6x |
| Wed, 28 Feb 2024 | RM5.0b | RM3.2b | RM6.7m | 19.6x | 740.9x | 1.5x |
| Fri, 26 Jan 2024 | RM4.8b | RM3.2b | -RM2,338,481.00 | 17.4x | -2069x | 1.5x |
| Sun, 24 Dec 2023 | RM4.9b | RM3.2b | -RM6,233,481.00 | 17.1x | -791.2x | 1.5x |
| Tue, 21 Nov 2023 | RM5.0b | RM3.1b | RM11.0m | 21.2x | 457.8x | 1.6x |
| Thu, 19 Oct 2023 | RM4.8b | RM3.1b | RM12.1m | 18.8x | 397.2x | 1.5x |
| Sat, 16 Sep 2023 | RM4.8b | RM3.1b | RM10.6m | 18.1x | 456.1x | 1.6x |
| Mon, 14 Aug 2023 | RM5.0b | RM3.0b | RM27.5m | 21.1x | 181.9x | 1.7x |
| Wed, 12 Jul 2023 | RM5.0b | RM3.0b | RM5.8m | 22x | 864.7x | 1.7x |
| Fri, 09 Jun 2023 | RM6.3b | RM4.4b | -RM5,076,724.00 | 21x | -1247.1x | 1.4x |
| Sun, 07 May 2023 | RM6.2b | RM4.3b | RM359.0m | 19.2x | 17.4x | 1.4x |
| Tue, 04 Apr 2023 | RM6.5b | RM4.3b | RM356.6m | 22.6x | 18.3x | 1.5x |
| Thu, 02 Mar 2023 | RM8.1b | RM5.1b | RM403.3m | 26.7x | 20x | 1.6x |
| Sat, 28 Jan 2023 | RM15.6b | RM5.7b | RM773.4m | 30.6x | 20.2x | 2.7x |
| Mon, 26 Dec 2022 | RM15.1b | RM6.0b | RM819.9m | 29x | 18.4x | 2.5x |
| Wed, 23 Nov 2022 | RM13.3b | RM5.4b | RM961.5m | 31.5x | 13.8x | 2.4x |
| Fri, 21 Oct 2022 | RM14.1b | RM5.4b | RM983.2m | 30.4x | 14.3x | 2.6x |
| Sun, 18 Sep 2022 | RM14.8b | RM5.4b | RM983.2m | 30.4x | 15x | 2.7x |
| Tue, 16 Aug 2022 | RM14.7b | RM4.0b | RM450.7m | 18.7x | 32.7x | 3.7x |
| Thu, 14 Jul 2022 | RM13.9b | RM4.0b | RM454.7m | 18.2x | 30.5x | 3.5x |
| Sat, 11 Jun 2022 | RM16.4b | RM4.0b | RM447.8m | 31.7x | 36.5x | 4.1x |
| Mon, 09 May 2022 | RM16.6b | RM3.8b | RM384.4m | 34.6x | 43.2x | 4.4x |
| Wed, 06 Apr 2022 | RM17.7b | RM3.8b | RM373.5m | 43.8x | 47.3x | 4.7x |
| Fri, 04 Mar 2022 | RM16.9b | RM3.8b | RM372.0m | 42.6x | 45.3x | 4.5x |
| Sun, 30 Jan 2022 | RM16.7b | RM3.4b | RM340.8m | 30.4x | 49.1x | 4.9x |
| Tue, 28 Dec 2021 | RM17.2b | RM3.4b | RM340.8m | 27.8x | 50.4x | 5.1x |
| Thu, 25 Nov 2021 | RM18.1b | RM3.3b | RM373.2m | 23.2x | 48.4x | 5.5x |
| Sat, 23 Oct 2021 | RM17.8b | RM3.3b | RM335.8m | 22.6x | 53x | 5.4x |
| Mon, 20 Sep 2021 | RM16.8b | RM3.3b | RM273.0m | 20.5x | 61.5x | 5.1x |
| Wed, 18 Aug 2021 | RM16.3b | RM3.3b | RM272.3m | 19x | 59.8x | 4.9x |
Price to Earnings Ratio
58.7x
Current Industry PE
- Investors are pessimistic on the Malaysian IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the IT industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | -0.075% | |
| Tech | 0.26% | |
| IT | -0.17% | |
| Internet Services and Infrastructure | 0% | |
| IT Consulting | -0.18% | |
| Data Processing Services | -6.23% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry even though it's trading below its 3-year average PE ratio of 21.1x.
- Analysts are expecting annual earnings growth of 7.5%, which is higher than its past year's earnings decline of 16.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Data Processing Services industry is expected to see its earnings grow by 7.5% 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 | |
|---|---|---|---|---|---|
| DSONIC Datasonic Group Berhad | RM0.55 | 6.8% +RM96.1m | 20.9% | PE16.6x | |
| THETA Theta Edge Berhad | RM1.68 | 7.7% +RM14.2m | 194.7% | PE31.9x | |
| HTPADU HeiTech Padu Berhad | RM1.93 | 2.7% +RM5.1m | 183.8% | PE18.5x | |
| PRIVA Privasia Technology Berhad | RM0.11 | 4.8% +RM3.1m | 10.0% | PE166x | |
| YGL Ygl Convergence Berhad | RM0.16 | 6.7% +RM2.7m | 14.3% | PE197.7x |