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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 Nov 2023 | RM140.1b | RM150.2b | RM9.5b | 10.7x | 14.7x | 0.9x |
| Thu, 26 Oct 2023 | RM135.3b | RM152.8b | RM8.5b | 9.7x | 16x | 0.9x |
| Sat, 23 Sep 2023 | RM139.6b | RM152.8b | RM8.5b | 9.3x | 16.5x | 0.9x |
| Mon, 21 Aug 2023 | RM133.1b | RM149.1b | RM8.5b | 9.8x | 15.7x | 0.9x |
| Wed, 19 Jul 2023 | RM121.4b | RM149.0b | RM8.5b | 9.8x | 14.3x | 0.8x |
| Fri, 16 Jun 2023 | RM119.7b | RM149.0b | RM8.5b | 9.8x | 14.1x | 0.8x |
| Sun, 14 May 2023 | RM117.8b | RM145.7b | RM8.5b | 10.8x | 13.9x | 0.8x |
| Tue, 11 Apr 2023 | RM114.4b | RM145.7b | RM8.5b | 10.7x | 13.5x | 0.8x |
| Thu, 09 Mar 2023 | RM113.5b | RM145.7b | RM8.5b | 10.5x | 13.4x | 0.8x |
| Sat, 04 Feb 2023 | RM115.0b | RM141.0b | RM8.4b | 12.2x | 13.7x | 0.8x |
| Mon, 02 Jan 2023 | RM114.9b | RM141.0b | RM8.4b | 11.5x | 13.7x | 0.8x |
| Wed, 30 Nov 2022 | RM110.5b | RM139.4b | RM8.3b | 12.5x | 13.3x | 0.8x |
| Fri, 28 Oct 2022 | RM106.8b | RM129.8b | RM8.5b | 12.9x | 12.6x | 0.8x |
| Sun, 25 Sep 2022 | RM108.5b | RM129.8b | RM8.5b | 13.5x | 12.8x | 0.8x |
| Tue, 23 Aug 2022 | RM109.4b | RM119.1b | RM7.4b | 13.7x | 14.8x | 0.9x |
| Thu, 21 Jul 2022 | RM104.0b | RM118.6b | RM7.3b | 13.5x | 14.2x | 0.9x |
| Sat, 18 Jun 2022 | RM104.2b | RM118.6b | RM7.3b | 13.5x | 14.3x | 0.9x |
| Mon, 16 May 2022 | RM111.5b | RM109.7b | RM6.2b | 13.7x | 18x | 1x |
| Wed, 13 Apr 2022 | RM111.4b | RM109.2b | RM6.2b | 14.1x | 18.1x | 1x |
| Fri, 11 Mar 2022 | RM108.8b | RM109.2b | RM6.2b | 14.1x | 17.7x | 1x |
| Sun, 06 Feb 2022 | RM110.5b | RM98.3b | RM6.6b | 13.4x | 16.7x | 1.1x |
| Tue, 04 Jan 2022 | RM111.8b | RM98.3b | RM6.6b | 13.8x | 16.9x | 1.1x |
| Thu, 02 Dec 2021 | RM110.9b | RM98.3b | RM6.6b | 13.4x | 16.8x | 1.1x |
| Sat, 30 Oct 2021 | RM115.2b | RM94.8b | RM6.5b | 14.6x | 17.7x | 1.2x |
| Mon, 27 Sep 2021 | RM116.2b | RM94.8b | RM6.5b | 14.6x | 17.8x | 1.2x |
| Wed, 25 Aug 2021 | RM117.8b | RM94.9b | RM6.5b | 15.5x | 18.1x | 1.2x |
| Thu, 01 Jul 2021 | RM113.4b | RM94.9b | RM6.5b | 14.7x | 17.4x | 1.2x |
| Sun, 04 Apr 2021 | RM117.2b | RM91.6b | RM6.9b | 16.4x | 16.9x | 1.3x |
| Wed, 06 Jan 2021 | RM122.5b | RM93.2b | RM6.5b | 16.9x | 18.9x | 1.3x |
Price to Earnings Ratio
20.8x
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MFCB Mega First Corporation Berhad | RM3.62 | 1.4% +RM47.1m | 8.4% | PE9.1x |