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Malaysian (KLSE) Utilities Sector Analysis

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies13
  • 7D1.0%
  • 3M23.4%
  • 1Y79.8%
  • YTD46.0%

Over the last 7 days, the Utilities industry has risen 1.0%, driven by gains in Tenaga Nasional Berhad and YTL Power International Berhad of 2.3% and 4.3%, respectively. This takes the industry's 12 month performance to a gain of 80%. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Jun 2024RM217.2bRM146.0bRM10.2b18.7x21.4x1.5x
Mon, 13 May 2024RM202.1bRM147.2bRM10.0b18.8x20.2x1.4x
Wed, 10 Apr 2024RM180.4bRM147.2bRM10.0b18.1x18.1x1.2x
Fri, 08 Mar 2024RM174.4bRM147.2bRM10.0b18x17.5x1.2x
Sun, 04 Feb 2024RM169.9bRM150.1bRM9.4b14.4x18x1.1x
Tue, 02 Jan 2024RM148.4bRM150.1bRM9.4b11.1x15.7x1x
Thu, 30 Nov 2023RM140.7bRM150.2bRM9.4b10.8x14.9x0.9x
Sat, 28 Oct 2023RM136.9bRM152.8bRM8.5b9.7x16.2x0.9x
Mon, 25 Sep 2023RM139.6bRM152.8bRM8.5b9.3x16.5x0.9x
Wed, 23 Aug 2023RM135.1bRM149.4bRM8.5b10.2x15.9x0.9x
Fri, 21 Jul 2023RM121.6bRM149.0bRM8.5b9.9x14.4x0.8x
Sun, 18 Jun 2023RM120.8bRM149.0bRM8.5b9.8x14.3x0.8x
Tue, 16 May 2023RM117.9bRM145.7bRM8.5b10.7x13.9x0.8x
Thu, 13 Apr 2023RM113.8bRM145.7bRM8.5b10.8x13.5x0.8x
Sat, 11 Mar 2023RM113.6bRM145.7bRM8.5b10.3x13.4x0.8x
Mon, 06 Feb 2023RM115.0bRM141.0bRM8.4b12.2x13.7x0.8x
Wed, 04 Jan 2023RM112.4bRM141.0bRM8.4b11.7x13.4x0.8x
Fri, 02 Dec 2022RM113.9bRM139.4bRM8.3b12.3x13.7x0.8x
Sun, 30 Oct 2022RM107.2bRM129.8bRM8.5b13.2x12.6x0.8x
Tue, 27 Sep 2022RM107.7bRM129.8bRM8.5b13.4x12.7x0.8x
Thu, 25 Aug 2022RM108.3bRM119.8bRM7.4b13.5x14.7x0.9x
Sat, 23 Jul 2022RM104.5bRM118.6bRM7.3b13.1x14.3x0.9x
Mon, 20 Jun 2022RM104.2bRM118.6bRM7.3b13.5x14.3x0.9x
Wed, 18 May 2022RM112.3bRM109.7bRM6.2b14x18.1x1x
Fri, 15 Apr 2022RM111.0bRM109.2bRM6.2b14.2x18x1x
Sun, 13 Mar 2022RM108.3bRM109.2bRM6.2b14x17.6x1x
Tue, 08 Feb 2022RM110.8bRM98.3bRM6.6b13.5x16.8x1.1x
Thu, 06 Jan 2022RM110.9bRM98.3bRM6.6b14.2x16.8x1.1x
Sat, 04 Dec 2021RM110.6bRM98.3bRM6.6b13.5x16.7x1.1x
Mon, 01 Nov 2021RM115.2bRM94.8bRM6.5b14.6x17.7x1.2x
Wed, 29 Sep 2021RM116.1bRM94.8bRM6.5b14.6x17.8x1.2x
Fri, 27 Aug 2021RM118.8bRM94.9bRM6.5b15.7x18.2x1.3x
Sat, 03 Jul 2021RM113.4bRM94.9bRM6.5b14.7x17.4x1.2x
Price to Earnings Ratio

17.4x


Total Market Cap: RM113.4bTotal Earnings: RM6.5bTotal Revenue: RM94.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 15.9x202220232024
Current Industry PE
  • Investors are optimistic on the Malaysian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.4x which is higher than its 3-year average PE of 15.9x.
  • The 3-year average PS ratio of 1.00x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market0.47%
Utilities1.05%
Other Utilities2.34%
Electric Utilities2.33%
Water Utilities0.41%
Renewable Energy-2.91%
Gas Utilities-3.09%
Industry PE
  • Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 22.4x.
    • Analysts are expecting annual earnings growth of 16.4%, which is higher than its past year's earnings decline of 47.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings growth rate of 5.9% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 3.1% 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
TENAGA Tenaga Nasional BerhadRM14.082.3%
+RM1.9b		53.0%PE32.8x
YTLPOWR YTL Power International BerhadRM5.284.3%
+RM1.8b		306.2%PE12.1x
YTL YTL Corporation BerhadRM3.660.3%
+RM109.7m		275.4%PE18.6x
SALCON Salcon BerhadRM0.415.2%
+RM20.2m		107.7%PS2.5x
TALIWRK Taliworks Corporation BerhadRM0.811.3%
+RM20.2m		-2.4%PE34.6x
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Latest News

TALIWRK

RM0.81

Taliworks Corporation Berhad

7D

1.3%

1Y

-2.4%

RANHILL

RM1.59

Ranhill Utilities Berhad

7D

-0.6%

1Y

200.0%

Is There An Opportunity With Ranhill Utilities Berhad's (KLSE:RANHILL) 32% Undervaluation?

Jun 13
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MALAKOF

RM0.78

Malakoff Corporation Berhad

7D

-4.3%

1Y

31.4%

There's No Escaping Malakoff Corporation Berhad's (KLSE:MALAKOF) Muted Revenues Despite A 25% Share Price Rise

Jun 10
There's No Escaping Malakoff Corporation Berhad's (KLSE:MALAKOF) Muted Revenues Despite A 25% Share Price Rise

SALCON

RM0.41

Salcon Berhad

7D

5.2%

1Y

107.7%

There's Reason For Concern Over Salcon Berhad's (KLSE:SALCON) Massive 28% Price Jump

Jun 09
There's Reason For Concern Over Salcon Berhad's (KLSE:SALCON) Massive 28% Price Jump

TENAGA

RM14.08

Tenaga Nasional Berhad

7D

2.3%

1Y

53.0%

PUNCAK

RM0.35

Puncak Niaga Holdings Berhad

7D

1.4%

1Y

57.8%

EDEN

RM0.15

Eden Berhad

7D

-3.1%

1Y

-6.1%

GASMSIA

RM3.65

Gas Malaysia Berhad

7D

-0.8%

1Y

21.3%

PETGAS

RM17.66

PETRONAS Gas Berhad

7D

-3.4%

1Y

4.5%

YTLPOWR

RM5.28

YTL Power International Berhad

7D

4.3%

1Y

306.2%

YTL Power International Berhad (KLSE:YTLPOWR) Is Due To Pay A Dividend Of MYR0.03

May 26
YTL Power International Berhad (KLSE:YTLPOWR) Is Due To Pay A Dividend Of MYR0.03

PBA

RM1.84

PBA Holdings Bhd

7D

-1.6%

1Y

125.8%

YTL

RM3.66

YTL Corporation Berhad

7D

0.3%

1Y

275.4%

MFCB

RM4.71

Mega First Corporation Berhad

7D

-1.7%

1Y

41.4%