Capital Allocation Trends At Globetronics Technology Bhd (KLSE:GTRONIC) Aren't Ideal
Apr 21
Malaysian (KLSE) Semiconductors Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies22
- 7D-0.2%
- 3M-0.4%
- 1Y1.3%
- YTD0.2%
The Semiconductors industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 32% annually.
Industry Valuation and Performance
Has the Malaysian Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | RM50.5b | RM9.7b | RM810.1m | 44.3x | 62.4x | 5.2x |
| Sat, 23 Mar 2024 | RM51.3b | RM9.7b | RM808.3m | 42.5x | 63.5x | 5.3x |
| Mon, 19 Feb 2024 | RM49.6b | RM9.9b | RM836.7m | 39.7x | 59.3x | 5x |
| Wed, 17 Jan 2024 | RM51.2b | RM9.9b | RM839.3m | 38.4x | 61x | 5.2x |
| Fri, 15 Dec 2023 | RM50.0b | RM9.9b | RM842.8m | 38x | 59.4x | 5x |
| Sun, 12 Nov 2023 | RM49.7b | RM9.9b | RM950.7m | 40.2x | 52.3x | 5x |
| Tue, 10 Oct 2023 | RM48.8b | RM10.0b | RM1.0b | 35.4x | 48x | 4.9x |
| Thu, 07 Sep 2023 | RM51.2b | RM10.0b | RM1.0b | 36.7x | 50.5x | 5.1x |
| Sat, 05 Aug 2023 | RM51.9b | RM10.4b | RM1.2b | 37.9x | 42x | 5x |
| Mon, 03 Jul 2023 | RM49.6b | RM10.5b | RM1.3b | 35.4x | 38.1x | 4.7x |
| Wed, 31 May 2023 | RM46.0b | RM9.0b | RM1.3b | 31.1x | 35.4x | 5.1x |
| Fri, 28 Apr 2023 | RM47.8b | RM9.4b | RM1.5b | 30.9x | 31.1x | 5.1x |
| Sun, 26 Mar 2023 | RM49.0b | RM9.4b | RM1.5b | 24.8x | 31.7x | 5.2x |
| Tue, 21 Feb 2023 | RM48.1b | RM9.3b | RM1.6b | 24.5x | 31x | 5.2x |
| Thu, 19 Jan 2023 | RM49.2b | RM9.3b | RM1.6b | 22.9x | 30.7x | 5.3x |
| Sat, 17 Dec 2022 | RM47.8b | RM9.3b | RM1.6b | 23.4x | 29.9x | 5.1x |
| Mon, 14 Nov 2022 | RM42.7b | RM9.2b | RM1.6b | 23.1x | 26.4x | 4.6x |
| Wed, 12 Oct 2022 | RM41.3b | RM9.2b | RM1.6b | 22x | 25.9x | 4.5x |
| Fri, 09 Sep 2022 | RM43.7b | RM9.2b | RM1.6b | 24.6x | 27.3x | 4.8x |
| Sun, 07 Aug 2022 | RM47.6b | RM9.1b | RM1.6b | 26.7x | 29.7x | 5.3x |
| Tue, 05 Jul 2022 | RM41.3b | RM9.0b | RM1.6b | 22.7x | 25.9x | 4.6x |
| Thu, 02 Jun 2022 | RM46.0b | RM9.0b | RM1.6b | 27.4x | 28.9x | 5.1x |
| Sat, 30 Apr 2022 | RM36.8b | RM6.5b | RM1.2b | 32.7x | 31x | 5.7x |
| Mon, 28 Mar 2022 | RM42.6b | RM7.1b | RM1.2b | 39.4x | 36.6x | 6x |
| Wed, 23 Feb 2022 | RM38.8b | RM6.9b | RM1.1b | 32.9x | 34.6x | 5.6x |
| Fri, 21 Jan 2022 | RM43.1b | RM6.8b | RM1.1b | 35.1x | 39.4x | 6.3x |
| Sun, 19 Dec 2021 | RM53.6b | RM6.8b | RM1.1b | 42.9x | 49.4x | 7.9x |
| Tue, 16 Nov 2021 | RM54.9b | RM6.6b | RM1.0b | 57.3x | 52.4x | 8.3x |
| Thu, 14 Oct 2021 | RM53.2b | RM6.4b | RM1.0b | 61.9x | 52.4x | 8.3x |
| Sat, 11 Sep 2021 | RM52.2b | RM6.4b | RM1.0b | 62.4x | 51.8x | 8.1x |
| Mon, 09 Aug 2021 | RM53.3b | RM6.4b | RM1.0b | 65x | 52.8x | 8.3x |
| Sun, 02 May 2021 | RM45.3b | RM5.8b | RM853.0m | 65.3x | 53.1x | 7.8x |
Price to Earnings Ratio
53.1x
Current Industry PE
- Investors are optimistic on the Malaysian Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 62.4x which is higher than its 3-year average PE of 41.8x.
- The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 19% 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 | 1.81% | |
| Tech | 1.22% | |
| Semiconductors | -0.22% | |
| Semiconductors | -0.091% | |
| Semiconductor Equipment | -0.44% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 42.2x.
- Analysts are expecting annual earnings growth of 37.5%, which is higher than its past year's earnings decline of 37.2% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 43.3x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 37% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| UNISEM Unisem (M) Berhad | RM3.64 | 3.1% +RM177.4m | 24.7% | PE71.7x | |
| D&O D & O Green Technologies Berhad | RM3.16 | 2.6% +RM129.2m | -22.5% | PE115.6x | |
| GREATEC Greatech Technology Berhad | RM4.52 | 0.9% +RM50.2m | -5.4% | PE36.7x | |
| TTVHB TT Vision Holdings Berhad | RM1.20 | 3.4% +RM18.7m | 0.8% | PE52.4x | |
| AEMULUS Aemulus Holdings Berhad | RM0.35 | 4.5% +RM10.1m | -5.4% | PS10.6x |
