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Malaysian (KLSE) Utilities Sector Analysis

UpdatedDec 02, 2024
DataAggregated Company Financials
Companies13
  • 7D3.8%
  • 3M-10.5%
  • 1Y30.5%
  • YTD22.9%

Over the last 7 days, the Utilities industry has risen 3.8%, driven by gains in YTL Power International Berhad and YTL Corporation Berhad of 17% and 18%, respectively. This takes the industry's 12 month performance to a gain of 30%. Looking forward, earnings are forecast to grow by 7.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Dec 2024RM 183.6bRM 147.5bRM 12.1b12.8x15.1x1.2x
Wed, 30 Oct 2024RM 181.3bRM 145.3bRM 11.8b12.1x15.4x1.2x
Fri, 27 Sep 2024RM 200.4bRM 145.3bRM 11.8b13.2x17x1.4x
Sun, 25 Aug 2024RM 201.6bRM 144.4bRM 10.1b18.2x20x1.4x
Tue, 23 Jul 2024RM 214.7bRM 146.0bRM 10.2b18.5x21.1x1.5x
Thu, 20 Jun 2024RM 213.1bRM 146.0bRM 10.2b18.6x21x1.5x
Sat, 18 May 2024RM 211.6bRM 147.2bRM 10.0b20x21.2x1.4x
Mon, 15 Apr 2024RM 179.6bRM 147.2bRM 10.0b18x18x1.2x
Wed, 13 Mar 2024RM 174.1bRM 147.2bRM 10.0b17.9x17.4x1.2x
Fri, 09 Feb 2024RM 170.9bRM 150.1bRM 9.4b15x18.1x1.1x
Sun, 07 Jan 2024RM 161.3bRM 150.1bRM 9.4b14.5x17.1x1.1x
Tue, 05 Dec 2023RM 139.3bRM 150.1bRM 9.4b10.4x14.8x0.9x
Thu, 02 Nov 2023RM 138.4bRM 152.8bRM 8.5b10.2x16.3x0.9x
Sat, 30 Sep 2023RM 137.6bRM 152.8bRM 8.5b9.4x16.2x0.9x
Mon, 28 Aug 2023RM 135.4bRM 152.7bRM 8.9b10.2x15.2x0.9x
Wed, 26 Jul 2023RM 124.9bRM 149.0bRM 8.5b9.8x14.7x0.8x
Fri, 23 Jun 2023RM 118.9bRM 149.0bRM 8.5b9.8x14x0.8x
Sun, 21 May 2023RM 121.8bRM 146.4bRM 8.5b10.3x14.3x0.8x
Tue, 18 Apr 2023RM 116.0bRM 145.7bRM 8.5b10.8x13.7x0.8x
Thu, 16 Mar 2023RM 113.4bRM 145.7bRM 8.5b10.3x13.4x0.8x
Sat, 11 Feb 2023RM 116.2bRM 141.0bRM 8.4b12.1x13.9x0.8x
Mon, 09 Jan 2023RM 113.5bRM 141.0bRM 8.4b11.8x13.5x0.8x
Wed, 07 Dec 2022RM 111.7bRM 141.0bRM 8.4b11.8x13.3x0.8x
Fri, 04 Nov 2022RM 107.1bRM 129.8bRM 8.5b13.1x12.6x0.8x
Sun, 02 Oct 2022RM 104.2bRM 129.8bRM 8.5b12.7x12.3x0.8x
Tue, 30 Aug 2022RM 111.4bRM 123.1bRM 8.4b13.6x13.2x0.9x
Thu, 28 Jul 2022RM 105.6bRM 118.6bRM 7.3b13.5x14.4x0.9x
Sat, 25 Jun 2022RM 104.1bRM 118.6bRM 7.3b13.8x14.2x0.9x
Mon, 23 May 2022RM 113.0bRM 109.8bRM 6.1b14x18.6x1x
Wed, 20 Apr 2022RM 110.3bRM 109.2bRM 6.2b14.3x17.9x1x
Fri, 18 Mar 2022RM 109.4bRM 109.2bRM 6.2b14.2x17.8x1x
Sun, 13 Feb 2022RM 111.7bRM 98.3bRM 6.6b13.6x16.9x1.1x
Tue, 11 Jan 2022RM 110.1bRM 98.3bRM 6.6b13.8x16.7x1.1x
Thu, 09 Dec 2021RM 109.2bRM 98.3bRM 6.6b13.3x16.5x1.1x
Price to Earnings Ratio

16.5x


Total Market Cap: RM 109.2bTotal Earnings: RM 6.6bTotal Revenue: RM 98.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 16.1x202220232024
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 16.1x.
  • 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 Market0.26%
Utilities3.82%
Other Utilities17.36%
Gas Utilities2.78%
Water Utilities2.43%
Renewable Energy-0.086%
Electric Utilities-2.43%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 23.6x.
    • Analysts are expecting annual earnings growth of 9.0%, which is lower than the prior year's growth of 11.4% 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 5.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 23% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 2.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
YTLPOWR YTL Power International BerhadRM 3.4017.2%
+RM 4.1b
49.1%PE9.2x
YTL YTL Corporation BerhadRM 2.0817.5%
+RM 3.4b
39.6%PE11.8x
GASMSIA Gas Malaysia BerhadRM 4.3012.9%
+RM 629.2m
38.7%PE12.8x
PETGAS PETRONAS Gas BerhadRM 17.841.4%
+RM 474.9m
5.8%PE19x
TALIWRK Taliworks Corporation BerhadRM 0.804.6%
+RM 70.6m
-4.2%PE25.5x
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