Malaysian (KLSE) Media Industry Analysis

Industry Valuation and Performance

Has the Malaysian Media Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 19 Apr 2024	RM2.8b	RM4.8b	RM101.5m	16.7x	27.3x	0.6x
Sun, 17 Mar 2024	RM2.7b	RM5.1b	RM116.8m	16x	23.5x	0.5x
Tue, 13 Feb 2024	RM3.1b	RM5.1b	RM83.6m	15.1x	36.5x	0.6x
Thu, 11 Jan 2024	RM3.1b	RM5.1b	RM85.9m	16.6x	36.1x	0.6x
Sat, 09 Dec 2023	RM3.1b	RM5.2b	RM128.4m	14.8x	23.9x	0.6x
Mon, 06 Nov 2023	RM3.4b	RM5.1b	RM125.2m	14.8x	27.2x	0.7x
Wed, 04 Oct 2023	RM3.5b	RM5.1b	RM124.4m	15.7x	28.3x	0.7x
Fri, 01 Sep 2023	RM3.8b	RM5.2b	RM200.8m	11.7x	18.8x	0.7x
Sun, 30 Jul 2023	RM3.9b	RM5.2b	RM205.2m	10.2x	19x	0.7x
Tue, 27 Jun 2023	RM4.1b	RM5.2b	RM202.6m	11.4x	20.5x	0.8x
Thu, 25 May 2023	RM4.3b	RM5.3b	RM284.7m	12.5x	15.1x	0.8x
Sat, 22 Apr 2023	RM4.8b	RM5.3b	RM285.9m	14.1x	16.9x	0.9x
Mon, 20 Mar 2023	RM4.8b	RM5.3b	RM355.4m	14.2x	13.6x	0.9x
Wed, 15 Feb 2023	RM4.2b	RM5.4b	RM321.0m	9.6x	13.2x	0.8x
Fri, 13 Jan 2023	RM4.2b	RM5.4b	RM317.4m	9.5x	13.1x	0.8x
Sun, 11 Dec 2022	RM4.7b	RM5.5b	RM417.5m	8.5x	11.2x	0.9x
Tue, 08 Nov 2022	RM4.4b	RM5.5b	RM354.0m	8x	12.3x	0.8x
Thu, 06 Oct 2022	RM4.8b	RM5.5b	RM342.7m	8.5x	14.1x	0.9x
Sat, 03 Sep 2022	RM5.4b	RM5.6b	RM331.4m	9.5x	16.3x	1x
Mon, 01 Aug 2022	RM5.7b	RM5.6b	RM279.8m	10.2x	20.5x	1x
Wed, 29 Jun 2022	RM5.8b	RM5.6b	RM278.4m	9.7x	20.8x	1x
Fri, 27 May 2022	RM6.3b	RM5.7b	RM316.2m	11x	19.8x	1.1x
Sun, 24 Apr 2022	RM6.9b	RM5.7b	RM314.1m	14.1x	21.9x	1.2x
Tue, 22 Mar 2022	RM7.1b	RM5.8b	RM355.7m	14.3x	20x	1.2x
Thu, 17 Feb 2022	RM6.5b	RM5.8b	RM326.9m	12.9x	20x	1.1x
Sat, 15 Jan 2022	RM6.6b	RM5.8b	RM329.3m	13.1x	19.9x	1.1x
Mon, 13 Dec 2021	RM6.4b	RM5.8b	RM329.2m	12.7x	19.4x	1.1x
Wed, 10 Nov 2021	RM6.6b	RM5.8b	RM476.0m	15.6x	13.8x	1.1x
Fri, 08 Oct 2021	RM6.7b	RM5.8b	RM483.5m	14.8x	13.9x	1.2x
Sun, 05 Sep 2021	RM7.3b	RM5.9b	RM531.2m	17.9x	13.7x	1.2x
Tue, 03 Aug 2021	RM7.2b	RM5.9b	RM531.2m	14.4x	13.5x	1.2x
Fri, 07 May 2021	RM6.6b	RM5.8b	RM506.1m	25.1x	13.1x	1.2x

Current Industry PE

Investors are optimistic on the Malaysian Media industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 27.7x which is higher than its 3-year average PE of 19.1x.

The industry is trading close to its 3-year average PS ratio of 0.93x.

Past Earnings Growth

The earnings for companies in the Media industry have declined 41% per year over the last three years,
Revenues have also declined 5.8% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Malaysian Telecom industry?


MY Market	-0.81%
Telecom	-1.76%
Media	-1.61%
Publishing	1.53%
Advertising	0.31%
Cable and Satellite	0%
Broadcasting	-2.46%

Industry PE

Investors are most optimistic about the Advertising industry which is trading above its 3-year average PE ratio of 11.1x.

Analysts are expecting annual earnings decline of 16.6%, which is lower than the prior year's growth of 31.0% per year.

Investors are most pessimistic about the Publishing industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.4x.

Forecasted Growth

Analysts are most optimistic on the Broadcasting industry, expecting annual earnings growth of 30% over the next 5 years.
This is better than its past earnings decline of 55% per year.

In contrast, the Advertising industry is expected to see its earnings decline by 17% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
INNITY Innity Corporation Berhad	RM0.45	7.1% +RM4.2m	n/a	PS0.6x
STAR Star Media Group Berhad	RM0.42	1.2% +RM3.6m	-7.6%	PE41.1x
SASBADI Sasbadi Holdings Berhad	RM0.17	2.9% +RM2.2m	-12.5%	PE9.7x

Company

Last Price

Valuation

INNITY Innity Corporation Berhad

RM0.45

7.1%
+RM4.2m

n/a

PS0.6x

STAR Star Media Group Berhad

RM0.42

1.2%
+RM3.6m

-7.6%