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Malaysian (KLSE) Utilities Sector Analysis

UpdatedMay 10, 2024
DataAggregated Company Financials
Companies13
  • 7D4.9%
  • 3M18.3%
  • 1Y74.7%
  • YTD36.4%

Over the last 7 days, the Utilities industry has risen 4.9%, driven by gains in YTL Corporation Berhad and YTL Power International Berhad of 4.3% and 3.8%, respectively. In the last 12 months, the industry was up 75%. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 May 2024RM202.9bRM147.2bRM10.0b18.9x20.3x1.4x
Mon, 08 Apr 2024RM179.4bRM147.2bRM10.0b18x18x1.2x
Wed, 06 Mar 2024RM176.0bRM147.2bRM10.0b18.1x17.6x1.2x
Fri, 02 Feb 2024RM171.6bRM150.1bRM9.4b14.5x18.2x1.1x
Sun, 31 Dec 2023RM148.4bRM150.1bRM9.4b11.1x15.7x1x
Tue, 28 Nov 2023RM140.1bRM150.2bRM9.5b10.7x14.7x0.9x
Thu, 26 Oct 2023RM135.3bRM152.8bRM8.5b9.7x16x0.9x
Sat, 23 Sep 2023RM139.6bRM152.8bRM8.5b9.3x16.5x0.9x
Mon, 21 Aug 2023RM133.1bRM149.1bRM8.5b9.8x15.7x0.9x
Wed, 19 Jul 2023RM121.4bRM149.0bRM8.5b9.8x14.3x0.8x
Fri, 16 Jun 2023RM119.7bRM149.0bRM8.5b9.8x14.1x0.8x
Sun, 14 May 2023RM117.8bRM145.7bRM8.5b10.8x13.9x0.8x
Tue, 11 Apr 2023RM114.4bRM145.7bRM8.5b10.7x13.5x0.8x
Thu, 09 Mar 2023RM113.5bRM145.7bRM8.5b10.5x13.4x0.8x
Sat, 04 Feb 2023RM115.0bRM141.0bRM8.4b12.2x13.7x0.8x
Mon, 02 Jan 2023RM114.9bRM141.0bRM8.4b11.5x13.7x0.8x
Wed, 30 Nov 2022RM110.5bRM139.4bRM8.3b12.5x13.3x0.8x
Fri, 28 Oct 2022RM106.8bRM129.8bRM8.5b12.9x12.6x0.8x
Sun, 25 Sep 2022RM108.5bRM129.8bRM8.5b13.5x12.8x0.8x
Tue, 23 Aug 2022RM109.4bRM119.1bRM7.4b13.7x14.8x0.9x
Thu, 21 Jul 2022RM104.0bRM118.6bRM7.3b13.5x14.2x0.9x
Sat, 18 Jun 2022RM104.2bRM118.6bRM7.3b13.5x14.3x0.9x
Mon, 16 May 2022RM111.5bRM109.7bRM6.2b13.7x18x1x
Wed, 13 Apr 2022RM111.4bRM109.2bRM6.2b14.1x18.1x1x
Fri, 11 Mar 2022RM108.8bRM109.2bRM6.2b14.1x17.7x1x
Sun, 06 Feb 2022RM110.5bRM98.3bRM6.6b13.4x16.7x1.1x
Tue, 04 Jan 2022RM111.8bRM98.3bRM6.6b13.8x16.9x1.1x
Thu, 02 Dec 2021RM110.9bRM98.3bRM6.6b13.4x16.8x1.1x
Sat, 30 Oct 2021RM115.2bRM94.8bRM6.5b14.6x17.7x1.2x
Mon, 27 Sep 2021RM116.2bRM94.8bRM6.5b14.6x17.8x1.2x
Wed, 25 Aug 2021RM117.8bRM94.9bRM6.5b15.5x18.1x1.2x
Thu, 01 Jul 2021RM113.4bRM94.9bRM6.5b14.7x17.4x1.2x
Price to Earnings Ratio

16.8x


Total Market Cap: RM116.4bTotal Earnings: RM6.9bTotal Revenue: RM91.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 15.8x202220232024
Current Industry PE
  • Investors are optimistic on the Malaysian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 20.3x which is higher than its 3-year average PE of 15.8x.
  • The 3-year average PS ratio of 0.99x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market1.72%
Utilities4.91%
Water Utilities10.66%
Other Utilities7.86%
Renewable Energy3.84%
Electric Utilities3.49%
Gas Utilities1.65%
Industry PE
  • Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 22.0x.
    • Analysts are expecting annual earnings growth of 15.5%, which is higher than its past year's earnings decline of 44.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 3.3% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 2.8% 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
YTL YTL Corporation BerhadRM3.404.3%
+RM1.5b		407.5%PE18x
YTLPOWR YTL Power International BerhadRM4.973.8%
+RM1.5b		351.8%PE12x
TENAGA Tenaga Nasional BerhadRM12.400.6%
+RM463.0m		31.1%PE25.9x
RANHILL Ranhill Utilities BerhadRM1.3916.8%
+RM257.9m		135.6%PE33.9x
MFCB Mega First Corporation BerhadRM4.824.3%
+RM188.6m		43.5%PE11.8x
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Latest News

TENAGA

RM12.40

Tenaga Nasional Berhad

7D

0.6%

1Y

31.1%

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May 10
Be Wary Of Tenaga Nasional Berhad (KLSE:TENAGA) And Its Returns On Capital

GASMSIA

RM3.53

Gas Malaysia Berhad

7D

0.9%

1Y

8.0%

Gas Malaysia Berhad's (KLSE:GASMSIA) Dividend Will Be MYR0.0862

May 09
Gas Malaysia Berhad's (KLSE:GASMSIA) Dividend Will Be MYR0.0862

YTL

RM3.40

YTL Corporation Berhad

7D

4.3%

1Y

407.5%

RANHILL

RM1.39

Ranhill Utilities Berhad

7D

16.8%

1Y

135.6%

Optimistic Investors Push Ranhill Utilities Berhad (KLSE:RANHILL) Shares Up 33% But Growth Is Lacking

May 07
Optimistic Investors Push Ranhill Utilities Berhad (KLSE:RANHILL) Shares Up 33% But Growth Is Lacking

PBA

RM2.11

PBA Holdings Bhd

7D

7.7%

1Y

162.1%

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May 07
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MALAKOF

RM0.67

Malakoff Corporation Berhad

7D

2.3%

1Y

-0.7%

YTLPOWR

RM4.97

YTL Power International Berhad

7D

3.8%

1Y

351.8%

YTL Power International Berhad (KLSE:YTLPOWR) Shareholders Will Want The ROCE Trajectory To Continue

Apr 27
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MFCB

RM4.82

Mega First Corporation Berhad

7D

4.3%

1Y

43.5%

PETGAS

RM18.06

PETRONAS Gas Berhad

7D

-0.2%

1Y

7.1%

The Returns At PETRONAS Gas Berhad (KLSE:PETGAS) Aren't Growing

Apr 22
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