Malaysian (KLSE) Utilities Sector Analysis

Sector Valuation and Performance

Has the Malaysian Utilities Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 30 Jan 2025	RM 177.2b	RM 147.5b	RM 12.1b	12.2x	14.6x	1.2x
Sat, 28 Dec 2024	RM 203.1b	RM 147.5b	RM 12.1b	14.8x	16.7x	1.4x
Mon, 25 Nov 2024	RM 176.9b	RM 145.4b	RM 11.7b	12.1x	15.1x	1.2x
Wed, 23 Oct 2024	RM 189.4b	RM 145.3b	RM 11.8b	12.6x	16.1x	1.3x
Fri, 20 Sep 2024	RM 198.1b	RM 145.3b	RM 11.8b	13.4x	16.8x	1.4x
Sun, 18 Aug 2024	RM 208.6b	RM 146.0b	RM 10.2b	18.6x	20.5x	1.4x
Tue, 16 Jul 2024	RM 219.7b	RM 146.0b	RM 10.2b	19.3x	21.6x	1.5x
Thu, 13 Jun 2024	RM 214.6b	RM 146.0b	RM 10.2b	18.8x	21.1x	1.5x
Sat, 11 May 2024	RM 202.1b	RM 147.2b	RM 10.0b	18.8x	20.2x	1.4x
Mon, 08 Apr 2024	RM 179.4b	RM 147.2b	RM 10.0b	18x	18x	1.2x
Wed, 06 Mar 2024	RM 176.0b	RM 147.2b	RM 10.0b	18.1x	17.6x	1.2x
Fri, 02 Feb 2024	RM 171.6b	RM 150.1b	RM 9.4b	14.5x	18.2x	1.1x
Sun, 31 Dec 2023	RM 148.4b	RM 150.1b	RM 9.4b	11.1x	15.7x	1x
Tue, 28 Nov 2023	RM 140.1b	RM 150.2b	RM 9.5b	10.7x	14.7x	0.9x
Thu, 26 Oct 2023	RM 135.3b	RM 152.8b	RM 8.5b	9.7x	16x	0.9x
Sat, 23 Sep 2023	RM 139.6b	RM 152.8b	RM 8.5b	9.3x	16.5x	0.9x
Mon, 21 Aug 2023	RM 133.1b	RM 149.1b	RM 8.5b	9.8x	15.7x	0.9x
Wed, 19 Jul 2023	RM 121.4b	RM 149.0b	RM 8.5b	9.8x	14.3x	0.8x
Fri, 16 Jun 2023	RM 119.7b	RM 149.0b	RM 8.5b	9.8x	14.1x	0.8x
Sun, 14 May 2023	RM 117.8b	RM 145.7b	RM 8.5b	10.8x	13.9x	0.8x
Tue, 11 Apr 2023	RM 114.4b	RM 145.7b	RM 8.5b	10.7x	13.5x	0.8x
Thu, 09 Mar 2023	RM 113.5b	RM 145.7b	RM 8.5b	10.5x	13.4x	0.8x
Sat, 04 Feb 2023	RM 115.0b	RM 141.0b	RM 8.4b	12.2x	13.7x	0.8x
Mon, 02 Jan 2023	RM 114.9b	RM 141.0b	RM 8.4b	11.5x	13.7x	0.8x
Wed, 30 Nov 2022	RM 110.5b	RM 139.4b	RM 8.3b	12.5x	13.3x	0.8x
Fri, 28 Oct 2022	RM 106.8b	RM 129.8b	RM 8.5b	12.9x	12.6x	0.8x
Sun, 25 Sep 2022	RM 108.5b	RM 129.8b	RM 8.5b	13.5x	12.8x	0.8x
Tue, 23 Aug 2022	RM 109.4b	RM 119.1b	RM 7.4b	13.7x	14.8x	0.9x
Thu, 21 Jul 2022	RM 104.0b	RM 118.6b	RM 7.3b	13.5x	14.2x	0.9x
Sat, 18 Jun 2022	RM 104.2b	RM 118.6b	RM 7.3b	13.5x	14.3x	0.9x
Mon, 16 May 2022	RM 111.5b	RM 109.7b	RM 6.2b	13.7x	18x	1x
Wed, 13 Apr 2022	RM 111.4b	RM 109.2b	RM 6.2b	14.1x	18.1x	1x
Fri, 11 Mar 2022	RM 108.8b	RM 109.2b	RM 6.2b	14.1x	17.7x	1x
Sun, 06 Feb 2022	RM 110.5b	RM 98.3b	RM 6.6b	13.4x	16.7x	1.1x

Current Industry PE

Investors are relatively neutral on the Malaysian Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 16.0x.

The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Utilities industry have grown 22% per year over the last three years.
Revenues for these companies have grown 14% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Malaysian Utilities sector?


MY Market	-2.52%
Utilities	-8.13%
Gas Utilities	-0.22%
Electric Utilities	-2.02%
Water Utilities	-6.02%
Renewable Energy	-7.37%
Other Utilities	-21.90%

Industry PE

Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 9.0x.

Analysts are expecting annual earnings growth of 30.0%, which is higher than its past year's earnings growth of 23.2% per year.

Investors are most pessimistic about the Other Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.3x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 30% over the next 5 years.
This is better than its past earnings growth rate of 23% per year.