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Malaysian (KLSE) Utilities Sector Analysis

UpdatedNov 28, 2023
DataAggregated Company Financials
Companies13
  • 7D-1.8%
  • 3M0.1%
  • 1Y28.1%
  • YTD24.3%

Over the last 7 days, the Utilities industry has dropped 1.8%, driven by declines in Tenaga Nasional Berhad and PETRONAS Gas Berhad of 1.3% and 2.2%, respectively. In the past year, the industry has gained 28%. Looking forward, earnings are forecast to grow by 8.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 04 Apr 2021RM117.2bRM91.6bRM6.9b16.4x16.9x1.3x
Wed, 06 Jan 2021RM122.5bRM93.2bRM6.5b16.9x18.9x1.3x
Price to Earnings Ratio

20.8x


Total Market Cap: RM120.4bTotal Earnings: RM5.8bTotal Revenue: RM96.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 16x202120222023
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 industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 16% 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-0.84%
Utilities-1.77%
Renewable Energy-1.19%
Electric Utilities-1.30%
Gas Utilities-2.07%
Other Utilities-2.24%
Water Utilities-2.46%
Industry PE
  • Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 22.7x.
    • Analysts are expecting annual earnings growth of 2.2%, which is lower than the prior year's growth of 21.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 55% over the next 5 years.
  • In contrast, the Other Utilities industry is expected to see its earnings decline by 4.8% 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
MFCB Mega First Corporation BerhadRM3.621.4%
+RM47.1m
8.4%PE9.1x
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Latest News

PETGAS

RM16.80

PETRONAS Gas Berhad

7D

-2.2%

1Y

0%

MALAKOF

RM0.63

Malakoff Corporation Berhad

7D

-3.8%

1Y

-2.3%

YTL

RM1.54

YTL Corporation Berhad

7D

-1.9%

1Y

177.5%

TENAGA

RM9.84

Tenaga Nasional Berhad

7D

-1.3%

1Y

12.1%

YTLPOWR

RM2.30

YTL Power International Berhad

7D

-2.5%

1Y

223.9%

SALCON

RM0.29

Salcon Berhad

7D

-14.7%

1Y

87.1%

TALIWRK

RM0.83

Taliworks Corporation Berhad

7D

-1.2%

1Y

-6.7%

GASMSIA

RM3.20

Gas Malaysia Berhad

7D

-0.9%

1Y

-4.5%

MFCB

RM3.62

Mega First Corporation Berhad

7D

1.4%

1Y

8.4%