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Malaysian (KLSE) Utilities Sector Analysis
UpdatedJul 03, 2025
DataAggregated Company Financials
Companies13
- 7D2.1%
- 3M11.4%
- 1Y-11.6%
- YTD-4.7%
Over the last 7 days, the Utilities industry has risen 2.1%, driven by gains from YTL Corporation Berhad of 8.8%. In the past year, the industry is down 12%. As for the next few years, earnings are expected to grow by 4.3% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 06 Jul 2025 | RM 199.5b | RM 148.7b | RM 12.8b | 13.9x | 15.6x | 1.3x |
| Tue, 03 Jun 2025 | RM 180.4b | RM 148.7b | RM 12.8b | 12.7x | 14.1x | 1.2x |
| Thu, 01 May 2025 | RM 181.9b | RM 149.2b | RM 12.8b | 14.8x | 14.2x | 1.2x |
| Sat, 29 Mar 2025 | RM 178.0b | RM 149.2b | RM 12.8b | 14.5x | 13.9x | 1.2x |
| Mon, 24 Feb 2025 | RM 181.6b | RM 148.5b | RM 12.5b | 13.5x | 14.6x | 1.2x |
| Wed, 22 Jan 2025 | RM 191.3b | RM 147.5b | RM 12.1b | 13.4x | 15.8x | 1.3x |
| Fri, 20 Dec 2024 | RM 195.3b | RM 147.5b | RM 12.1b | 14.4x | 16.1x | 1.3x |
| Sun, 17 Nov 2024 | RM 182.8b | RM 145.3b | RM 11.7b | 12.2x | 15.6x | 1.3x |
| Tue, 15 Oct 2024 | RM 194.2b | RM 145.3b | RM 11.8b | 12.6x | 16.5x | 1.3x |
| Thu, 12 Sep 2024 | RM 193.6b | RM 145.3b | RM 11.8b | 12.3x | 16.4x | 1.3x |
| Sat, 10 Aug 2024 | RM 205.2b | RM 146.0b | RM 10.2b | 17.9x | 20.2x | 1.4x |
| Mon, 08 Jul 2024 | RM 220.7b | RM 146.0b | RM 10.2b | 19.3x | 21.7x | 1.5x |
| Wed, 05 Jun 2024 | RM 208.0b | RM 146.0b | RM 10.2b | 18.9x | 20.5x | 1.4x |
| Fri, 03 May 2024 | RM 193.4b | RM 147.2b | RM 10.0b | 18x | 19.4x | 1.3x |
| Sun, 31 Mar 2024 | RM 176.7b | RM 147.2b | RM 10.0b | 18.1x | 17.7x | 1.2x |
| Tue, 27 Feb 2024 | RM 177.1b | RM 150.6b | RM 10.2b | 14.4x | 17.4x | 1.2x |
| Thu, 25 Jan 2024 | RM 169.0b | RM 150.1b | RM 9.4b | 14.7x | 17.9x | 1.1x |
| Sat, 23 Dec 2023 | RM 147.8b | RM 150.1b | RM 9.4b | 11x | 15.7x | 1x |
| Mon, 20 Nov 2023 | RM 143.0b | RM 153.1b | RM 8.5b | 11.1x | 16.8x | 0.9x |
| Wed, 18 Oct 2023 | RM 137.8b | RM 152.8b | RM 8.5b | 9.4x | 16.3x | 0.9x |
| Fri, 15 Sep 2023 | RM 138.2b | RM 152.8b | RM 8.5b | 9.3x | 16.3x | 0.9x |
| Sun, 13 Aug 2023 | RM 129.3b | RM 149.0b | RM 8.5b | 10x | 15.3x | 0.9x |
| Tue, 11 Jul 2023 | RM 120.0b | RM 149.0b | RM 8.5b | 9.8x | 14.2x | 0.8x |
| Thu, 08 Jun 2023 | RM 119.6b | RM 149.0b | RM 8.5b | 10x | 14.1x | 0.8x |
| Sat, 06 May 2023 | RM 115.2b | RM 145.7b | RM 8.5b | 11x | 13.6x | 0.8x |
| Mon, 03 Apr 2023 | RM 113.7b | RM 145.7b | RM 8.5b | 10.4x | 13.4x | 0.8x |
| Wed, 01 Mar 2023 | RM 113.3b | RM 145.5b | RM 8.5b | 10.8x | 13.3x | 0.8x |
| Fri, 27 Jan 2023 | RM 114.5b | RM 141.0b | RM 8.4b | 12.2x | 13.7x | 0.8x |
| Sun, 25 Dec 2022 | RM 111.4b | RM 141.0b | RM 8.4b | 11.7x | 13.3x | 0.8x |
| Tue, 22 Nov 2022 | RM 106.5b | RM 130.7b | RM 8.4b | 12.7x | 12.7x | 0.8x |
| Thu, 20 Oct 2022 | RM 105.4b | RM 129.8b | RM 8.5b | 12.9x | 12.4x | 0.8x |
| Sat, 17 Sep 2022 | RM 109.6b | RM 129.8b | RM 8.5b | 13.8x | 12.9x | 0.8x |
| Mon, 15 Aug 2022 | RM 109.7b | RM 118.6b | RM 7.3b | 14.4x | 15x | 0.9x |
| Wed, 13 Jul 2022 | RM 103.1b | RM 118.6b | RM 7.3b | 13.1x | 14.1x | 0.9x |
Price to Earnings Ratio
14.1x
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 15.6x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 7.8% 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 | 1.86% | |
| Utilities | 2.13% | |
| Other Utilities | 7.03% | |
| Water Utilities | 5.07% | |
| Renewable Energy | 3.88% | |
| Gas Utilities | 1.71% | |
| Electric Utilities | -1.40% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 24.6x.
- Analysts are expecting annual earnings growth of 4.8%, which is lower than the prior year's growth of 46.2% per year.
- Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.4x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings growth rate of 4.4% per year.
- In contrast, the Gas Utilities industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| YTL YTL Corporation Berhad | RM 2.47 | 8.8% +RM 2.3b | -34.5% | PE14.9x | |
| YTLPOWR YTL Power International Berhad | RM 4.12 | 5.6% +RM 1.9b | -21.2% | PE12.7x | |
| PETGAS PETRONAS Gas Berhad | RM 18.04 | 1.6% +RM 554.0m | 0.3% | PE19.3x | |
| MALAKOF Malakoff Corporation Berhad | RM 0.84 | 7.0% +RM 268.8m | 1.8% | PE22.3x | |
| RANHILL Ranhill Utilities Berhad | RM 1.31 | 10.1% +RM 155.5m | -19.6% | PE33.3x |
