Perdana Petroleum Berhad's (KLSE:PERDANA) Shares Bounce 29% But Its Business Still Trails The Market
May 27
Malaysian (KLSE) Oil and Gas Services Industry Analysis
UpdatedMay 27, 2024
DataAggregated Company Financials
Companies18
- 7D1.9%
- 3M10.0%
- 1Y20.3%
- YTDn/a
Over the last 7 days, the Oil and Gas Services industry has risen 1.9%, driven by gains from Dayang Enterprise Holdings Bhd of 8.0%. During this same period, the Petra Energy Berhad underperformed, falling 7.4%. This takes the industry's 12 month performance to a gain of 20%. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the Malaysian Oil and Gas Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 27 May 2024 | RM34.4b | RM29.6b | RM1.8b | 11.8x | 19.1x | 1.2x |
| Wed, 24 Apr 2024 | RM33.0b | RM29.0b | RM1.7b | 12x | 19.4x | 1.1x |
| Fri, 22 Mar 2024 | RM31.5b | RM28.3b | RM1.6b | 12.1x | 19.9x | 1.1x |
| Sun, 18 Feb 2024 | RM28.9b | RM28.3b | RM1.9b | 11.8x | 15x | 1x |
| Tue, 16 Jan 2024 | RM28.9b | RM28.3b | RM996.5m | 9.7x | 29x | 1x |
| Thu, 14 Dec 2023 | RM27.2b | RM27.2b | RM914.0m | 8.6x | 29.8x | 1x |
| Sat, 11 Nov 2023 | RM29.0b | RM27.0b | RM832.4m | 9x | 34.9x | 1.1x |
| Mon, 09 Oct 2023 | RM28.9b | RM26.7b | RM959.1m | 9x | 30.1x | 1.1x |
| Wed, 06 Sep 2023 | RM29.3b | RM25.2b | RM862.8m | 9.1x | 33.9x | 1.2x |
| Fri, 04 Aug 2023 | RM29.2b | RM23.7b | RM679.8m | 9.9x | 42.9x | 1.2x |
| Sun, 02 Jul 2023 | RM27.5b | RM23.7b | RM679.8m | 9.5x | 40.5x | 1.2x |
| Tue, 30 May 2023 | RM28.6b | RM74.1b | -RM34,670,720,016.00 | 11.6x | -0.8x | 0.4x |
| Thu, 27 Apr 2023 | RM30.1b | RM20.8b | RM520.2m | 12.9x | 57.9x | 1.4x |
| Sat, 25 Mar 2023 | RM28.7b | RM20.7b | RM654.4m | 12.2x | 43.9x | 1.4x |
| Mon, 20 Feb 2023 | RM31.1b | RM18.9b | RM50.7m | 16.2x | 613.5x | 1.6x |
| Wed, 18 Jan 2023 | RM30.4b | RM19.3b | -RM587,728,188.00 | 15.2x | -51.7x | 1.6x |
| Fri, 16 Dec 2022 | RM28.5b | RM18.3b | -RM645,728,188.00 | 15.7x | -44.2x | 1.6x |
| Sun, 13 Nov 2022 | RM25.1b | RM18.0b | -RM644,855,069.00 | 17.3x | -39x | 1.4x |
| Tue, 11 Oct 2022 | RM24.3b | RM18.1b | -RM808,960,466.00 | 16.5x | -30x | 1.3x |
| Thu, 08 Sep 2022 | RM26.3b | RM17.6b | -RM825,960,466.00 | 16.9x | -31.8x | 1.5x |
| Sat, 06 Aug 2022 | RM25.2b | RM21.4b | -RM129,921,225.00 | 14.7x | -194.1x | 1.2x |
| Mon, 04 Jul 2022 | RM24.6b | RM21.4b | -RM129,921,225.00 | 13.6x | -189.5x | 1.1x |
| Wed, 01 Jun 2022 | RM26.3b | RM21.4b | -RM123,280,225.00 | 13.9x | -213.4x | 1.2x |
| Fri, 29 Apr 2022 | RM26.6b | RM15.0b | RM46.0m | 13.6x | 578.3x | 1.8x |
| Sun, 27 Mar 2022 | RM29.5b | RM21.3b | -RM66,364,771.00 | 13.3x | -444.7x | 1.4x |
| Tue, 22 Feb 2022 | RM30.8b | RM26.4b | -RM1,450,451,817.00 | 15.4x | -21.3x | 1.2x |
| Thu, 20 Jan 2022 | RM31.5b | RM26.6b | -RM1,359,336,817.00 | 15.2x | -23.2x | 1.2x |
| Sat, 18 Dec 2021 | RM29.0b | RM28.0b | -RM732,457,171.00 | 14.1x | -39.6x | 1x |
| Mon, 15 Nov 2021 | RM33.5b | RM28.2b | -RM505,031,171.00 | 15.3x | -66.4x | 1.2x |
| Wed, 13 Oct 2021 | RM34.3b | RM28.1b | -RM494,773,100.00 | 15.6x | -69.4x | 1.2x |
| Fri, 10 Sep 2021 | RM31.6b | RM28.8b | RM1.2b | 13.9x | 26.9x | 1.1x |
| Sun, 08 Aug 2021 | RM29.8b | RM28.8b | RM1.2b | 13.9x | 24.7x | 1x |
Price to Earnings Ratio
47.5x
Current Industry PE
- Investors are pessimistic on the Malaysian Oil and Gas Equipment and Services 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 19.1x which is lower than its 3-year average PE of 62.8x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Equipment and Services industry have grown 34% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Malaysian Oil and Gas Services compare with similar industries?
| MY Market | 0.33% | |
| Energy | -0.55% | |
| Energy Services | 1.89% | |
| Oil and Gas Services | 1.90% | |
| Oil and Gas Drilling | 1.75% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DIALOG Dialog Group Berhad | RM2.55 | 3.2% +RM451.4m | 20.9% | PE25.5x | |
| KNM KNM Group Berhad | RM0.10 | 33.3% +RM101.1m | 66.7% | PS0.4x | |
| PERDANA Perdana Petroleum Berhad | RM0.41 | 6.6% +RM55.5m | 153.1% | PE15.3x | |
| WASCO Wasco Berhad | RM1.56 | 4.0% +RM46.5m | 80.3% | PE11.6x | |
| MHB Malaysia Marine and Heavy Engineering Holdings Berhad | RM0.51 | 4.1% +RM32.0m | -6.4% | PS0.2x |
