PETRONAS Dagangan Berhad's (KLSE:PETDAG) Returns Have Hit A Wall
May 14
Malaysian (KLSE) Energy Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies28
- 7D-0.8%
- 3M5.8%
- 1Y5.1%
- YTD8.5%
Over the last 7 days, the Energy industry has remained flat, although notably Perdana Petroleum Berhad gained 11%. As for the the longer term, the industry is up 5.1% over the past 12 months. As for the next few years, earnings are expected to grow by 9.5% per annum.
Sector Valuation and Performance
Has the Malaysian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | RM62.1b | RM106.5b | RM2.9b | 12.4x | 21.5x | 0.6x |
| Tue, 16 Apr 2024 | RM61.3b | RM106.7b | RM2.9b | 11.9x | 21.4x | 0.6x |
| Thu, 14 Mar 2024 | RM58.9b | RM105.9b | RM2.7b | 11.1x | 21.5x | 0.6x |
| Sat, 10 Feb 2024 | RM56.8b | RM103.4b | RM3.0b | 10.7x | 18.9x | 0.5x |
| Mon, 08 Jan 2024 | RM57.2b | RM104.2b | RM2.0b | 9x | 27.9x | 0.5x |
| Wed, 06 Dec 2023 | RM57.5b | RM103.1b | RM2.0b | 8.6x | 29.3x | 0.6x |
| Fri, 03 Nov 2023 | RM59.2b | RM105.1b | RM1.4b | 8.7x | 41.9x | 0.6x |
| Sun, 01 Oct 2023 | RM59.7b | RM105.1b | RM1.5b | 9.4x | 39.4x | 0.6x |
| Tue, 29 Aug 2023 | RM57.2b | RM106.8b | RM1.4b | 8.6x | 40.9x | 0.5x |
| Thu, 27 Jul 2023 | RM59.0b | RM108.0b | RM2.0b | 10.3x | 29.3x | 0.5x |
| Sat, 24 Jun 2023 | RM55.5b | RM105.7b | RM1.9b | 9.8x | 29.5x | 0.5x |
| Mon, 22 May 2023 | RM58.6b | RM104.4b | RM2.0b | 12.4x | 29.2x | 0.6x |
| Wed, 19 Apr 2023 | RM60.2b | RM104.1b | RM1.9b | 12.5x | 31x | 0.6x |
| Fri, 17 Mar 2023 | RM56.3b | RM103.0b | RM2.0b | 12.1x | 28.3x | 0.5x |
| Sun, 12 Feb 2023 | RM61.2b | RM97.0b | RM1.5b | 16.3x | 39.8x | 0.6x |
| Tue, 10 Jan 2023 | RM59.1b | RM97.7b | RM1.5b | 15.1x | 39.8x | 0.6x |
| Thu, 08 Dec 2022 | RM57.1b | RM96.8b | RM1.4b | 16.7x | 40x | 0.6x |
| Sat, 05 Nov 2022 | RM53.4b | RM86.4b | RM1.5b | 14.4x | 35.2x | 0.6x |
| Mon, 03 Oct 2022 | RM49.9b | RM86.4b | RM1.5b | 14.6x | 33.8x | 0.6x |
| Wed, 31 Aug 2022 | RM57.0b | RM85.9b | RM1.6b | 13.6x | 34.9x | 0.7x |
| Fri, 29 Jul 2022 | RM52.8b | RM76.0b | RM1.1b | 14x | 47.9x | 0.7x |
| Sun, 26 Jun 2022 | RM49.7b | RM76.0b | RM1.1b | 11.9x | 45.1x | 0.7x |
| Tue, 24 May 2022 | RM57.0b | RM68.2b | RM1.1b | 17.1x | 53.7x | 0.8x |
| Thu, 21 Apr 2022 | RM56.6b | RM62.1b | RM1.0b | 14.8x | 54.5x | 0.9x |
| Sat, 19 Mar 2022 | RM56.8b | RM73.4b | -RM1,574,163,233.00 | 13.9x | -36.1x | 0.8x |
| Mon, 14 Feb 2022 | RM59.2b | RM67.0b | -RM1,099,817,735.00 | 16.2x | -53.8x | 0.9x |
| Wed, 12 Jan 2022 | RM57.1b | RM67.0b | -RM1,099,817,735.00 | 15.7x | -51.9x | 0.9x |
| Fri, 10 Dec 2021 | RM54.8b | RM68.3b | RM213.6m | 13.3x | 256.7x | 0.8x |
| Sun, 07 Nov 2021 | RM59.0b | RM65.8b | RM48.8m | 15.5x | 1208.1x | 0.9x |
| Tue, 05 Oct 2021 | RM53.9b | RM65.7b | RM59.3m | 14x | 908.1x | 0.8x |
| Thu, 02 Sep 2021 | RM57.1b | RM66.4b | RM1.8b | 15x | 32.6x | 0.9x |
| Sat, 31 Jul 2021 | RM55.3b | RM66.4b | RM1.8b | 13.7x | 31.6x | 0.8x |
Price to Earnings Ratio
65.4x
Current Industry PE
- Investors are pessimistic on the Malaysian Energy 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 21.5x which is lower than its 3-year average PE of 73.9x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 47% per year over the last three years.
- Revenues for these companies have grown 20% 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 Energy sector?
| MY Market | 1.94% | |
| Energy | -0.84% | |
| Energy Services | -0.08% | |
| Oil and Gas | -1.88% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 24.8x.
- Analysts are expecting annual earnings growth of 3.6%, which is lower than the prior year's growth of 21.4% per year.
- Investors are most pessimistic about the Energy Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 13% over the next 5 years.
- However this is lower than its past earnings growth rate of 81% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 3.6% 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 | |
|---|---|---|---|---|---|
| PERDANA Perdana Petroleum Berhad | RM0.36 | 10.6% +RM77.7m | 108.6% | PE18.2x | |
| HHRG HHRG Berhad | RM0.23 | 27.0% +RM43.4m | -28.8% | PE12.2x | |
| KNM KNM Group Berhad | RM0.08 | 14.3% +RM40.4m | 23.1% | PS0.3x | |
| KUB KUB Malaysia Berhad | RM0.77 | 6.2% +RM25.0m | 58.8% | PE13.9x | |
| EATECH E.A. Technique (M) Berhad | RM0.37 | 12.1% +RM21.2m | 117.6% | PE8.3x |
