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Malaysian (KLSE) Utilities Sector Analysis

UpdatedMar 13, 2025
DataAggregated Company Financials
Companies13
  • 7D-4.3%
  • 3M-7.9%
  • 1Y-3.2%
  • YTD-17.3%

Over the last 7 days, the Utilities industry has dropped 4.3%, driven by declines from every company within the industry. However, the industry is down 3.2% over the past year. Looking forward, earnings are forecast to grow by 3.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Mar 2025RM 169.9bRM 149.2bRM 12.8b14x13.3x1.1x
Sat, 08 Feb 2025RM 183.2bRM 147.5bRM 12.1b12.4x15.1x1.2x
Mon, 06 Jan 2025RM 205.7bRM 147.5bRM 12.1b15.5x16.9x1.4x
Wed, 04 Dec 2024RM 185.5bRM 147.5bRM 12.1b12.9x15.3x1.3x
Fri, 01 Nov 2024RM 180.5bRM 145.3bRM 11.7b11.9x15.4x1.2x
Sun, 29 Sep 2024RM 196.2bRM 145.3bRM 11.8b12.8x16.6x1.4x
Tue, 27 Aug 2024RM 201.3bRM 144.4bRM 10.1b18.1x19.9x1.4x
Thu, 25 Jul 2024RM 216.1bRM 146.0bRM 10.2b18.9x21.3x1.5x
Sat, 22 Jun 2024RM 212.8bRM 146.0bRM 10.2b18.7x20.9x1.5x
Mon, 20 May 2024RM 211.6bRM 147.2bRM 10.0b20x21.2x1.4x
Wed, 17 Apr 2024RM 178.8bRM 147.2bRM 10.0b17.3x17.9x1.2x
Fri, 15 Mar 2024RM 174.2bRM 147.2bRM 10.0b17.7x17.4x1.2x
Sun, 11 Feb 2024RM 171.5bRM 150.1bRM 9.4b14.9x18.2x1.1x
Tue, 09 Jan 2024RM 163.8bRM 150.1bRM 9.4b14.1x17.4x1.1x
Thu, 07 Dec 2023RM 140.2bRM 150.1bRM 9.4b10.7x14.9x0.9x
Sat, 04 Nov 2023RM 141.2bRM 152.9bRM 8.5b10.5x16.5x0.9x
Mon, 02 Oct 2023RM 137.6bRM 152.8bRM 8.5b9.4x16.2x0.9x
Wed, 30 Aug 2023RM 139.9bRM 152.8bRM 8.5b9.4x16.4x0.9x
Fri, 28 Jul 2023RM 125.8bRM 149.0bRM 8.5b9.9x14.8x0.8x
Sun, 25 Jun 2023RM 119.2bRM 149.0bRM 8.5b9.8x14.1x0.8x
Tue, 23 May 2023RM 121.8bRM 146.4bRM 8.5b10.4x14.3x0.8x
Thu, 20 Apr 2023RM 114.7bRM 145.7bRM 8.5b10.6x13.6x0.8x
Sat, 18 Mar 2023RM 113.9bRM 145.7bRM 8.5b10.2x13.5x0.8x
Mon, 13 Feb 2023RM 116.2bRM 141.0bRM 8.4b12.1x13.9x0.8x
Wed, 11 Jan 2023RM 114.3bRM 141.0bRM 8.4b11.9x13.6x0.8x
Fri, 09 Dec 2022RM 111.1bRM 141.0bRM 8.4b11.8x13.2x0.8x
Sun, 06 Nov 2022RM 107.7bRM 129.9bRM 8.5b13.1x12.7x0.8x
Tue, 04 Oct 2022RM 104.7bRM 129.8bRM 8.5b12.9x12.3x0.8x
Thu, 01 Sep 2022RM 112.9bRM 129.8bRM 8.5b13.8x13.3x0.9x
Sat, 30 Jul 2022RM 107.3bRM 118.6bRM 7.3b14.7x14.7x0.9x
Mon, 27 Jun 2022RM 104.1bRM 118.6bRM 7.3b13.8x14.2x0.9x
Wed, 25 May 2022RM 111.2bRM 109.8bRM 6.1b13.7x18.3x1x
Fri, 22 Apr 2022RM 110.3bRM 109.2bRM 6.2b13.9x17.9x1x
Sun, 20 Mar 2022RM 111.0bRM 109.2bRM 6.2b14.3x18.1x1x
Price to Earnings Ratio

18.1x


Total Market Cap: RM 111.0bTotal Earnings: RM 6.2bTotal Revenue: RM 109.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 15.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Malaysian Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.3x which is lower than its 3-year average PE of 15.9x.
  • 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 28% per year over the last three years.
  • Revenues for these companies have grown 11% 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-4.27%
Utilities-4.29%
Gas Utilities-2.42%
Other Utilities-2.72%
Water Utilities-4.99%
Renewable Energy-5.65%
Electric Utilities-5.93%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 24.1x.
    • Analysts are expecting annual earnings growth of 2.8%, which is lower than the prior year's growth of 74.3% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 7.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 20% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 2.1% 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
PBA PBA Holdings BhdRM 2.042.0%
+RM 13.2m
4.6%PE4.7x
SALCON Salcon BerhadRM 0.281.8%
+RM 5.2m
23.9%PE17.9x
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Latest News

TENAGA

RM 13.40

Tenaga Nasional Berhad

7D

-3.3%

1Y

15.9%

SALCON

RM 0.28

Salcon Berhad

7D

1.8%

1Y

23.9%

RANHILL

RM 1.16

Ranhill Utilities Berhad

7D

-8.7%

1Y

6.4%

TALIWRK

RM 0.69

Taliworks Corporation Berhad

7D

-3.5%

1Y

-8.0%

MFCB

RM 4.05

Mega First Corporation Berhad

7D

-1.5%

1Y

2.3%

PBA

RM 2.04

PBA Holdings Bhd

7D

2.0%

1Y

4.6%

PETGAS

RM 16.60

PETRONAS Gas Berhad

7D

-5.3%

1Y

-6.8%

YTL

RM 1.82

YTL Corporation Berhad

7D

-3.2%

1Y

-27.8%

YTLPOWR

RM 2.99

YTL Power International Berhad

7D

-3.5%

1Y

-16.9%