Malaysian (KLSE) Renewable Energy Industry Analysis

Industry Valuation and Performance

Has the Malaysian Renewable Energy Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 12 Jul 2026	RM 6.9b	RM 8.4b	RM 465.3m	8.1x	14.9x	0.8x
Tue, 09 Jun 2026	RM 7.3b	RM 8.4b	RM 465.3m	8.9x	15.7x	0.9x
Thu, 07 May 2026	RM 8.0b	RM 9.1b	RM 479.7m	11x	16.7x	0.9x
Sat, 04 Apr 2026	RM 7.0b	RM 9.1b	RM 479.7m	10.8x	14.6x	0.8x
Mon, 02 Mar 2026	RM 7.2b	RM 9.1b	RM 479.7m	11.1x	14.9x	0.8x
Wed, 28 Jan 2026	RM 7.6b	RM 10.1b	RM 552.7m	11.9x	13.7x	0.7x
Fri, 26 Dec 2025	RM 7.7b	RM 10.1b	RM 552.7m	13.2x	13.9x	0.8x
Sun, 23 Nov 2025	RM 8.1b	RM 10.4b	RM 586.4m	8.2x	13.8x	0.8x
Tue, 21 Oct 2025	RM 8.8b	RM 10.4b	RM 582.2m	8.8x	15.2x	0.9x
Thu, 18 Sep 2025	RM 8.3b	RM 10.4b	RM 582.2m	8.6x	14.2x	0.8x
Sat, 16 Aug 2025	RM 8.0b	RM 10.6b	RM 694.2m	7.9x	11.6x	0.8x
Mon, 14 Jul 2025	RM 7.8b	RM 10.6b	RM 694.2m	8.1x	11.2x	0.7x
Wed, 11 Jun 2025	RM 7.5b	RM 10.6b	RM 694.2m	8.4x	10.8x	0.7x
Fri, 09 May 2025	RM 8.0b	RM 10.9b	RM 758.1m	8.3x	10.5x	0.7x
Sun, 06 Apr 2025	RM 7.7b	RM 10.9b	RM 758.1m	8.2x	10.1x	0.7x
Tue, 04 Mar 2025	RM 8.0b	RM 10.9b	RM 758.0m	8.6x	10.6x	0.7x
Thu, 30 Jan 2025	RM 8.3b	RM 10.6b	RM 352.4m	5.1x	23.4x	0.8x
Sat, 28 Dec 2024	RM 8.4b	RM 10.6b	RM 352.4m	5.3x	23.8x	0.8x
Mon, 25 Nov 2024	RM 8.1b	RM 10.5b	RM 181.6m	5.1x	44.4x	0.8x
Wed, 23 Oct 2024	RM 8.5b	RM 10.5b	RM 167.5m	5.2x	50.6x	0.8x
Fri, 20 Sep 2024	RM 9.2b	RM 10.5b	RM 167.5m	5.5x	55.1x	0.9x
Sun, 18 Aug 2024	RM 9.1b	RM 10.5b	-RM 358,505,000.00	10.5x	-25.4x	0.9x
Tue, 16 Jul 2024	RM 8.8b	RM 10.5b	-RM 358,505,000.00	11.4x	-24.5x	0.8x
Thu, 13 Jun 2024	RM 8.7b	RM 10.5b	-RM 358,506,000.00	10.9x	-24.3x	0.8x
Sat, 11 May 2024	RM 7.9b	RM 10.6b	-RM 522,547,000.00	11.8x	-15.1x	0.7x
Mon, 08 Apr 2024	RM 7.4b	RM 10.6b	-RM 522,547,000.00	10.8x	-14.1x	0.7x
Wed, 06 Mar 2024	RM 6.8b	RM 10.6b	-RM 522,547,000.00	9.6x	-13x	0.6x
Fri, 02 Feb 2024	RM 7.0b	RM 11.3b	-RM 149,457,000.00	10.3x	-46.8x	0.6x
Sun, 31 Dec 2023	RM 6.7b	RM 11.3b	-RM 149,457,000.00	9.7x	-44.7x	0.6x
Tue, 28 Nov 2023	RM 6.6b	RM 11.3b	-RM 87,729,000.00	6.7x	-75.2x	0.6x
Thu, 26 Oct 2023	RM 6.2b	RM 12.4b	RM 90.4m	5.8x	68.3x	0.5x
Sat, 23 Sep 2023	RM 6.2b	RM 12.4b	RM 90.4m	5.8x	68.2x	0.5x
Mon, 21 Aug 2023	RM 6.4b	RM 12.3b	RM 561.6m	8.1x	11.3x	0.5x
Wed, 19 Jul 2023	RM 6.1b	RM 12.3b	RM 561.6m	7.8x	10.9x	0.5x

Current Industry PE

Investors are optimistic on the Malaysian Renewable Energy industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 14.9x which is higher than its 3-year average PE of 11.2x.

The industry is trading close to its 3-year average PS ratio of 0.73x.

Past Earnings Growth

The earnings for companies in the Renewable Energy industry have declined 6.1% per year over the last three years,
Revenues have also declined 12% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Malaysian Utilities industry?


MY Market	0.60%
Utilities	-0.74%
Renewable Energy	-2.47%
Renewable Energy	-0.25%
Independent Power Producers and Energy Traders	-4.05%

Industry PE

Investors are most optimistic about the Independent Power Producers and Energy Traders industry which is trading above its 3-year average PE ratio of 8.9x.

Analysts are expecting annual earnings growth of 49.6%, which is higher than its past year's earnings decline of 74.8% per year.

Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 9.0x.

Forecasted Growth

Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 50% over the next 5 years.
This is better than its past earnings decline of 75% per year.

In contrast, the Renewable Energy industry is expected to see its earnings growth to stay flat over the next few years.

	Company	Last Price	7D	1Y	Valuation
	EDEN Eden Berhad	RM 0.17	3.1% +RM 2.5m	13.8%	PE2.8x

Company

Last Price

Valuation

EDEN Eden Berhad

RM 0.17

3.1%
+RM 2.5m

13.8%

PE2.8x

Malakoff Corporation Berhad Announces Update in Respect of SIAC Arbitration No. 278 of 2018 Against GE Energy Parts, Inc , GE Power Systems (Malaysia) Sdn Bhd, General Electric International, Inc , General Electric Company, Malakoff Power Berhad and Prai Power Sdn Bhd

Malakoff Corporation Berhad had further to the Company's earlier announcements dated August 13, 2019, October 4, 2019, January 16, 2020 and June 22, 2020 in respect of SIAC Arbitration No. 278 of 2018 commenced by Allianz General Insurance Company (Malaysia) Berhad, in the name of Prai Power, a wholly-owned subsidiary of Malakoff Corporation Berhad, as Claimant in Claim 1, against the GE Energy Parts Inc. ("Ge Energy Parts"), (2) GE Power Systems (Malaysia) Sdn Bhd ("Ge Power Systems"), (3) General Electric International Inc. ("Ge International"), and (4) General Electric Company ("Ge") (Collectively "Ge Entities") as Respondents, in relation to the Plant, Malakoff Corporation Berhad wishes to announced that it has on July 6, 2026 received from SIAC Secretariat the Partial Final Award on Claim 1 dated July 6, 2026, registered as Award No. 110 of 2026 in the SIAC Registry of Awards ("Partial Final Award"). The Partial Final Award was issued by the Arbitral Tribunal ("Tribunal"), following the evidentiary hearing on Claim 1, the parties' exchange of closing submissions and reply submissions, and the Tribunal's declaration that the proceedings in respect of Claim 1 were closed. In the Partial Final Award, the Tribunal has decided, ordered and awarded as follows: Prai Power's Claim 1 against the GE Entities is dismissed; GE Entities' Counterclaim against Prai Power is dismissed; each Party shall bear its own legal costs and expenses; and all other claims for relief in relation to Claim 1 are dismissed. Following the bifurcation of Claim 1 and Claim 2 on June 28, 2025, the Tribunal had determined to proceed with the hearing of Claim 1 first. Consequently, the Tribunal has expressly reserved jurisdiction to determine all disputes relating to Claim 2 as between the GE Entities and the Malakoff Entities, together with any consequential issues. As Claim 2 was not before the Tribunal, the Partial Final Award makes no findings, whether adverse or otherwise, on any of the issues raised in Claim 2, including the GE Entities' claims against Malakoff Corporation Berhad and Malakoff Power Berhad. Any further proceedings in respect of Claim 2 will be subject to the GE Entities electing to pursue Claim 2 and the Tribunal's further directions. The Partial Final Award is not expected to have any material financial impact on the Malakoff Corporation Berhad Group for the financial year ending December 31, 2026. Malakoff Corporation Berhad will continue to safeguard its interests in relation to Claim 2 and will make further announcement(s) on any material developments in relation to the above matter as and when required.

Malaysian (KLSE) Renewable Energy Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Malakoff Corporation Berhad Announces Update in Respect of SIAC Arbitration No. 278 of 2018 Against GE Energy Parts, Inc , GE Power Systems (Malaysia) Sdn Bhd, General Electric International, Inc , General Electric Company, Malakoff Power Berhad and Prai Power Sdn Bhd

Now 26% undervalued

First quarter 2026 earnings released: EPS: RM0.008 (vs RM0.009 in 1Q 2025)