Why Globetronics Technology Bhd's (KLSE:GTRONIC) Shaky Earnings Are Just The Beginning Of Its Problems
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Malaysian (KLSE) Semiconductors Industry Analysis
UpdatedAug 31, 2024
DataAggregated Company Financials
Companies22
- 7D-7.5%
- 3M-14.8%
- 1Y-7.2%
- YTD-6.0%
Over the last 7 days, the Semiconductors industry has dropped 7.5%, driven by a pullback from Malaysian Pacific Industries Berhad of 17%. In contrast, Turiya Berhad has gained 8.8%. However, the industry is down 7.2% over the past year. Earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Sat, 31 Aug 2024 | RM 47.6b | RM 10.2b | RM 944.6m | 45.2x | 50.4x | 4.7x |
| Mon, 29 Jul 2024 | RM 57.5b | RM 10.0b | RM 882.7m | 61.1x | 65.2x | 5.8x |
| Wed, 26 Jun 2024 | RM 58.4b | RM 10.0b | RM 892.3m | 58x | 65.5x | 5.9x |
| Fri, 24 May 2024 | RM 56.9b | RM 9.8b | RM 863.1m | 51x | 66x | 5.8x |
| Sun, 21 Apr 2024 | RM 49.7b | RM 9.7b | RM 810.1m | 42.5x | 61.4x | 5.1x |
| Tue, 19 Mar 2024 | RM 50.0b | RM 9.7b | RM 808.3m | 39.8x | 61.8x | 5.1x |
| Thu, 15 Feb 2024 | RM 48.9b | RM 9.9b | RM 836.7m | 38.3x | 58.5x | 4.9x |
| Sat, 13 Jan 2024 | RM 51.2b | RM 9.9b | RM 839.3m | 38.8x | 61x | 5.2x |
| Mon, 11 Dec 2023 | RM 49.3b | RM 9.9b | RM 842.8m | 36x | 58.5x | 5x |
| Wed, 08 Nov 2023 | RM 49.9b | RM 9.9b | RM 956.8m | 39.9x | 52.2x | 5.1x |
| Fri, 06 Oct 2023 | RM 49.7b | RM 10.0b | RM 1.0b | 35.7x | 48.9x | 5x |
| Sun, 03 Sep 2023 | RM 51.4b | RM 10.0b | RM 1.0b | 37.6x | 50.8x | 5.1x |
| Tue, 01 Aug 2023 | RM 52.3b | RM 10.4b | RM 1.2b | 38.6x | 42.1x | 5x |
| Thu, 29 Jun 2023 | RM 47.8b | RM 9.0b | RM 1.3b | 35.2x | 36.6x | 5.3x |
| Sat, 27 May 2023 | RM 46.0b | RM 9.0b | RM 1.3b | 28.6x | 34.8x | 5.1x |
| Mon, 24 Apr 2023 | RM 48.6b | RM 9.4b | RM 1.5b | 29.9x | 31.6x | 5.2x |
| Wed, 22 Mar 2023 | RM 48.3b | RM 9.4b | RM 1.5b | 24.3x | 31.3x | 5.1x |
| Fri, 17 Feb 2023 | RM 50.8b | RM 9.3b | RM 1.6b | 24x | 31.8x | 5.4x |
| Sun, 15 Jan 2023 | RM 49.3b | RM 9.3b | RM 1.6b | 22.5x | 30.8x | 5.3x |
| Tue, 13 Dec 2022 | RM 47.5b | RM 9.3b | RM 1.6b | 23.6x | 29.8x | 5.1x |
| Thu, 10 Nov 2022 | RM 40.2b | RM 9.2b | RM 1.6b | 21.8x | 24.9x | 4.4x |
| Sat, 08 Oct 2022 | RM 42.6b | RM 9.2b | RM 1.6b | 23.5x | 26.7x | 4.6x |
| Mon, 05 Sep 2022 | RM 43.5b | RM 9.2b | RM 1.6b | 23.8x | 27.2x | 4.7x |
| Wed, 03 Aug 2022 | RM 45.8b | RM 9.1b | RM 1.6b | 25.2x | 28.5x | 5.1x |
| Fri, 01 Jul 2022 | RM 42.6b | RM 9.0b | RM 1.6b | 23.6x | 26.7x | 4.7x |
| Sun, 29 May 2022 | RM 44.8b | RM 9.0b | RM 1.6b | 26.8x | 28.1x | 5x |
| Tue, 26 Apr 2022 | RM 35.9b | RM 7.2b | RM 1.2b | 31.7x | 30.8x | 5x |
| Thu, 24 Mar 2022 | RM 42.1b | RM 7.1b | RM 1.2b | 39.4x | 36.2x | 5.9x |
| Sat, 19 Feb 2022 | RM 42.3b | RM 6.8b | RM 1.1b | 35.2x | 38x | 6.2x |
| Mon, 17 Jan 2022 | RM 43.9b | RM 6.8b | RM 1.1b | 36.3x | 40.2x | 6.4x |
| Wed, 15 Dec 2021 | RM 53.6b | RM 6.8b | RM 1.1b | 42.7x | 49.4x | 7.9x |
| Fri, 12 Nov 2021 | RM 54.8b | RM 6.6b | RM 1.0b | 57.3x | 52.4x | 8.3x |
| Sun, 10 Oct 2021 | RM 54.0b | RM 6.4b | RM 1.0b | 62.6x | 53.2x | 8.4x |
| Tue, 07 Sep 2021 | RM 52.8b | RM 6.4b | RM 1.0b | 63x | 52.4x | 8.2x |
Price to Earnings Ratio
52.4x
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 50.4x which is higher than its 3-year average PE of 43.6x.
- The 3-year average PS ratio of 5.6x is higher than the industry's current PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 2.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 17% 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 | 0.86% | |
| Tech | -4.98% | |
| Semiconductors | -7.55% | |
| Semiconductor Equipment | -3.81% | |
| Semiconductors | -9.55% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 46.2x.
- Analysts are expecting annual earnings growth of 27.7%, which is higher than its past year's earnings decline of 26.1% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading close to its 3-year average of 42.1x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 26% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| TURIYA Turiya Berhad | RM 0.37 | 8.8% +RM 6.9m | 111.4% | PE25.7x | |
| EDELTEQ Edelteq Holdings Berhad | RM 0.38 | 2.7% +RM 5.3m | -12.8% | PE58x | |
| VIS Visdynamics Holdings Berhad | RM 0.34 | 3.0% +RM 2.6m | -13.9% | PE146x |
