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Malaysian (KLSE) Utilities Sector Analysis

UpdatedDec 30, 2024
DataAggregated Company Financials
Companies13
  • 7D3.4%
  • 3M3.9%
  • 1Y36.2%
  • YTD35.9%

In the last week, the Utilities industry is up 3.4%, with Tenaga Nasional Berhad up 5.7%. In the last 12 months, the industry was up 36%. Earnings are forecast to grow by 7.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Dec 2024RM 203.1bRM 147.5bRM 12.1b14.8x16.7x1.4x
Wed, 27 Nov 2024RM 182.4bRM 145.7bRM 11.8b11.9x15.5x1.3x
Fri, 25 Oct 2024RM 186.2bRM 145.3bRM 11.8b12.5x15.8x1.3x
Sun, 22 Sep 2024RM 200.5bRM 145.3bRM 11.8b14x17x1.4x
Tue, 20 Aug 2024RM 207.6bRM 146.0bRM 10.2b18.6x20.4x1.4x
Thu, 18 Jul 2024RM 218.6bRM 146.0bRM 10.2b18.9x21.5x1.5x
Sat, 15 Jun 2024RM 217.2bRM 146.0bRM 10.2b18.7x21.4x1.5x
Mon, 13 May 2024RM 202.1bRM 147.2bRM 10.0b18.8x20.2x1.4x
Wed, 10 Apr 2024RM 180.4bRM 147.2bRM 10.0b18.1x18.1x1.2x
Fri, 08 Mar 2024RM 174.4bRM 147.2bRM 10.0b18x17.5x1.2x
Sun, 04 Feb 2024RM 169.9bRM 150.1bRM 9.4b14.4x18x1.1x
Tue, 02 Jan 2024RM 148.4bRM 150.1bRM 9.4b11.1x15.7x1x
Thu, 30 Nov 2023RM 140.7bRM 150.2bRM 9.4b10.8x14.9x0.9x
Sat, 28 Oct 2023RM 136.9bRM 152.8bRM 8.5b9.7x16.2x0.9x
Mon, 25 Sep 2023RM 139.6bRM 152.8bRM 8.5b9.3x16.5x0.9x
Wed, 23 Aug 2023RM 135.1bRM 149.4bRM 8.5b10.2x15.9x0.9x
Fri, 21 Jul 2023RM 121.6bRM 149.0bRM 8.5b9.9x14.4x0.8x
Sun, 18 Jun 2023RM 120.8bRM 149.0bRM 8.5b9.8x14.3x0.8x
Tue, 16 May 2023RM 117.9bRM 145.7bRM 8.5b10.7x13.9x0.8x
Thu, 13 Apr 2023RM 113.8bRM 145.7bRM 8.5b10.8x13.5x0.8x
Sat, 11 Mar 2023RM 113.6bRM 145.7bRM 8.5b10.3x13.4x0.8x
Mon, 06 Feb 2023RM 115.0bRM 141.0bRM 8.4b12.2x13.7x0.8x
Wed, 04 Jan 2023RM 112.4bRM 141.0bRM 8.4b11.7x13.4x0.8x
Fri, 02 Dec 2022RM 113.9bRM 139.4bRM 8.3b12.3x13.7x0.8x
Sun, 30 Oct 2022RM 107.2bRM 129.8bRM 8.5b13.2x12.6x0.8x
Tue, 27 Sep 2022RM 107.7bRM 129.8bRM 8.5b13.4x12.7x0.8x
Thu, 25 Aug 2022RM 108.3bRM 119.8bRM 7.4b13.5x14.7x0.9x
Sat, 23 Jul 2022RM 104.5bRM 118.6bRM 7.3b13.1x14.3x0.9x
Mon, 20 Jun 2022RM 104.2bRM 118.6bRM 7.3b13.5x14.3x0.9x
Wed, 18 May 2022RM 112.3bRM 109.7bRM 6.2b14x18.1x1x
Fri, 15 Apr 2022RM 111.0bRM 109.2bRM 6.2b14.2x18x1x
Sun, 13 Mar 2022RM 108.3bRM 109.2bRM 6.2b14x17.6x1x
Tue, 08 Feb 2022RM 110.8bRM 98.3bRM 6.6b13.5x16.8x1.1x
Thu, 06 Jan 2022RM 110.9bRM 98.3bRM 6.6b14.2x16.8x1.1x
Price to Earnings Ratio

16.8x


Total Market Cap: RM 110.9bTotal Earnings: RM 6.6bTotal Revenue: RM 98.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 16x20232024
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 1.4x.
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 Market1.91%
Utilities3.45%
Electric Utilities5.74%
Renewable Energy4.89%
Other Utilities2.68%
Water Utilities0.87%
Gas Utilities0.034%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 8.7%, 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 6.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 28% 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 2.8% 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
TENAGA Tenaga Nasional BerhadRM 14.846.0%
+RM 4.9b		47.8%PE19.9x
YTLPOWR YTL Power International BerhadRM 4.376.3%
+RM 2.1b		72.0%PE11.9x
YTL YTL Corporation BerhadRM 2.673.5%
+RM 993.2m		41.3%PE15.1x
PETGAS PETRONAS Gas BerhadRM 17.680.8%
+RM 277.0m		1.6%PE18.8x
MALAKOF Malakoff Corporation BerhadRM 0.836.4%
+RM 244.3m		31.5%PS0.4x
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Latest News

TENAGA

RM 14.84

Tenaga Nasional Berhad

7D

6.0%

1Y

47.8%

The Returns At Tenaga Nasional Berhad (KLSE:TENAGA) Aren't Growing

Dec 30
The Returns At Tenaga Nasional Berhad (KLSE:TENAGA) Aren't Growing

MALAKOF

RM 0.83

Malakoff Corporation Berhad

7D

6.4%

1Y

31.5%

Malakoff Corporation Berhad's (KLSE:MALAKOF) Price Is Right But Growth Is Lacking

Dec 26
Malakoff Corporation Berhad's (KLSE:MALAKOF) Price Is Right But Growth Is Lacking

YTLPOWR

RM 4.37

YTL Power International Berhad

7D

6.3%

1Y

72.0%

MFCB

RM 4.55

Mega First Corporation Berhad

7D

4.4%

1Y

23.3%

YTL

RM 2.67

YTL Corporation Berhad

7D

3.5%

1Y

41.3%

YTL Corporation Berhad (KLSE:YTL) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Dec 19
YTL Corporation Berhad (KLSE:YTL) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

GASMSIA

RM 4.29

Gas Malaysia Berhad

7D

1.7%

1Y

33.6%

A Look At The Intrinsic Value Of Gas Malaysia Berhad (KLSE:GASMSIA)

Dec 15
A Look At The Intrinsic Value Of Gas Malaysia Berhad (KLSE:GASMSIA)

RANHILL

RM 1.54

Ranhill Utilities Berhad

7D

4.1%

1Y

71.1%

PETGAS

RM 17.68

PETRONAS Gas Berhad

7D

0.8%

1Y

1.6%