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Malaysian (KLSE) Renewable Energy Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies4
  • 7D3.6%
  • 3M0.3%
  • 1Y-6.5%
  • YTD-1.1%

In the last week, the Renewable Energy industry is up 3.6%, with Mega First Corporation Berhad up 7.5%. In contrast, the industry has lost 6.5% in the last 12 months. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Apr 2026RM 7.6bRM 9.1bRM 479.7m10.9x15.8x0.8x
Thu, 26 Mar 2026RM 6.8bRM 9.1bRM 479.7m10.5x14.1x0.7x
Sat, 21 Feb 2026RM 7.4bRM 10.1bRM 553.6m11.3x13.4x0.7x
Mon, 19 Jan 2026RM 7.6bRM 10.1bRM 552.7m11.4x13.7x0.7x
Wed, 17 Dec 2025RM 7.4bRM 10.1bRM 552.7m13.4x13.4x0.7x
Fri, 14 Nov 2025RM 8.1bRM 10.4bRM 582.2m8.4x14x0.8x
Sun, 12 Oct 2025RM 8.6bRM 10.4bRM 582.2m9x14.8x0.8x
Tue, 09 Sep 2025RM 8.0bRM 10.4bRM 582.2m8.3x13.8x0.8x
Thu, 07 Aug 2025RM 8.2bRM 10.6bRM 694.2m8x11.8x0.8x
Sat, 05 Jul 2025RM 7.7bRM 10.6bRM 694.2m8.2x11.1x0.7x
Mon, 02 Jun 2025RM 7.4bRM 10.6bRM 694.2m8.4x10.7x0.7x
Wed, 30 Apr 2025RM 7.7bRM 10.9bRM 758.1m8.1x10.2x0.7x
Fri, 28 Mar 2025RM 7.8bRM 10.9bRM 758.0m8.4x10.3x0.7x
Sun, 23 Feb 2025RM 8.1bRM 10.5bRM 787.3m9.2x10.3x0.8x
Tue, 21 Jan 2025RM 8.8bRM 10.6bRM 352.4m5.4x24.8x0.8x
Thu, 19 Dec 2024RM 8.0bRM 10.6bRM 352.4m5.2x22.8x0.8x
Sat, 16 Nov 2024RM 8.2bRM 10.5bRM 167.5m5.1x48.9x0.8x
Mon, 14 Oct 2024RM 8.7bRM 10.5bRM 167.5m5.4x51.7x0.8x
Wed, 11 Sep 2024RM 8.7bRM 10.5bRM 167.5m5.4x51.9x0.8x
Fri, 09 Aug 2024RM 8.4bRM 10.5b-RM 358,505,000.0010.6x-23.5x0.8x
Sun, 07 Jul 2024RM 8.8bRM 10.5b-RM 358,505,000.0011.5x-24.7x0.8x
Tue, 04 Jun 2024RM 8.1bRM 10.5b-RM 358,506,000.0011x-22.5x0.8x
Thu, 02 May 2024RM 7.7bRM 10.6b-RM 522,547,000.0011.5x-14.8x0.7x
Sat, 30 Mar 2024RM 7.3bRM 10.6b-RM 522,547,000.0010.6x-13.9x0.7x
Mon, 26 Feb 2024RM 7.0bRM 10.6b-RM 501,242,000.0010.3x-13.9x0.7x
Wed, 24 Jan 2024RM 6.9bRM 11.3b-RM 149,457,000.0010.1x-46.3x0.6x
Fri, 22 Dec 2023RM 6.6bRM 11.3b-RM 149,457,000.009.8x-44.4x0.6x
Sun, 19 Nov 2023RM 6.6bRM 12.4bRM 88.2m6.8x75.1x0.5x
Tue, 17 Oct 2023RM 6.3bRM 12.4bRM 90.4m5.9x69.3x0.5x
Thu, 14 Sep 2023RM 6.1bRM 12.4bRM 90.4m5.8x68x0.5x
Sat, 12 Aug 2023RM 6.4bRM 12.3bRM 561.6m8.2x11.3x0.5x
Mon, 10 Jul 2023RM 5.9bRM 12.3bRM 561.6m7.5x10.6x0.5x
Wed, 07 Jun 2023RM 6.1bRM 12.3bRM 561.6m7.9x10.8x0.5x
Fri, 05 May 2023RM 6.6bRM 11.8bRM 699.8m8.1x9.4x0.6x
Price to Earnings Ratio

9.4x


Total Market Cap: RM 6.6bTotal Earnings: RM 699.8mTotal Revenue: RM 11.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Renewable Energy Industry Price to Earnings3Y Average 10.8x202420252026
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 15.8x which is higher than its 3-year average PE of 10.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have declined 12% per year over the last three years,
  • Revenues have also declined 8.4% 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 Market1.31%
Utilities2.55%
Renewable Energy3.62%
Renewable Energy5.99%
Independent Power Producers and Energy Traders1.90%
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 5.1x.
    • Analysts are expecting annual earnings growth of 43.4%, which is higher than its past year's earnings decline of 72.8% 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 43% over the next 5 years.
  • This is better than its past earnings decline of 73% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings growth to stay flat 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 BerhadRM 3.177.5%
+RM 207.3m		-19.7%PE7.7x
EDEN Eden BerhadRM 0.1716.7%
+RM 12.6m		16.7%PE3x
GENERGY Wasco Greenergy BerhadRM 0.661.6%
+RM 5.0m		n/aPE14.4x

Latest News

GENERGY
RM 0.66
Wasco Greenergy Berhad
7D
1.6%
1Y
n/a
MFCB
RM 3.17
Mega First Corporation Berhad
7D
7.5%
1Y
-19.7%

MFCB: Upcoming Dividend Timeline Will Support A Positive Long Term View

Analysts kept their fair value estimate for Mega First Corporation Berhad steady at MYR4.17, with only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions reflected in the updated price target rationale. What's in the News Mega First Corporation Berhad declared a second and final dividend of MYR0.05 per share for the financial year ended 31 December 2025, giving investors visibility on the latest proposed cash payout (Key Developments).
MALAKOF
RM 0.86
Malakoff Corporation Berhad
7D
-4.4%
1Y
7.5%

Malakoff Corporation Berhad's (KLSE:MALAKOF) Conservative Accounting Might Explain Soft Earnings

Apr 09
Malakoff Corporation Berhad's (KLSE:MALAKOF) Conservative Accounting Might Explain Soft Earnings
EDEN
RM 0.17
Eden Berhad
7D
16.7%
1Y
16.7%