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Malaysian (KLSE) Chemicals Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies24
- 7D-3.3%
- 3M-1.2%
- 1Y3.6%
- YTD-4.1%
Over the last 7 days, the Chemicals industry has dropped 2.6%, driven by PETRONAS Chemicals Group Berhad declining 4.3%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Malaysian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | RM79.0b | RM69.8b | RM2.1b | 20.6x | 38.2x | 1.1x |
| Sat, 27 Apr 2024 | RM79.4b | RM70.3b | RM2.0b | 21.1x | 38.8x | 1.1x |
| Mon, 25 Mar 2024 | RM78.2b | RM70.0b | RM2.0b | 21.4x | 39x | 1.1x |
| Wed, 21 Feb 2024 | RM81.1b | RM72.6b | RM2.4b | 22.3x | 33.2x | 1.1x |
| Fri, 19 Jan 2024 | RM79.0b | RM72.8b | RM2.3b | 21.8x | 34.7x | 1.1x |
| Sun, 17 Dec 2023 | RM81.3b | RM72.8b | RM2.3b | 22.9x | 35.9x | 1.1x |
| Tue, 14 Nov 2023 | RM81.8b | RM74.2b | RM3.9b | 17.2x | 21x | 1.1x |
| Thu, 12 Oct 2023 | RM82.3b | RM74.7b | RM3.6b | 17.2x | 22.9x | 1.1x |
| Sat, 09 Sep 2023 | RM81.5b | RM74.7b | RM3.6b | 17x | 22.6x | 1.1x |
| Mon, 07 Aug 2023 | RM78.9b | RM76.3b | RM5.1b | 13.8x | 15.5x | 1x |
| Wed, 05 Jul 2023 | RM72.1b | RM77.4b | RM5.3b | 13.8x | 13.7x | 0.9x |
| Fri, 02 Jun 2023 | RM75.3b | RM77.3b | RM5.2b | 14.2x | 14.3x | 1x |
| Sun, 30 Apr 2023 | RM80.6b | RM77.0b | RM7.1b | 13.2x | 11.4x | 1x |
| Tue, 28 Mar 2023 | RM78.5b | RM77.8b | RM7.4b | 13.6x | 10.6x | 1x |
| Thu, 23 Feb 2023 | RM90.9b | RM76.3b | RM9.1b | 13.2x | 9.9x | 1.2x |
| Sat, 21 Jan 2023 | RM93.6b | RM76.9b | RM9.6b | 12.4x | 9.7x | 1.2x |
| Mon, 19 Dec 2022 | RM92.7b | RM76.9b | RM9.6b | 11.8x | 9.6x | 1.2x |
| Wed, 16 Nov 2022 | RM92.8b | RM74.3b | RM9.8b | 11.5x | 9.5x | 1.2x |
| Fri, 14 Oct 2022 | RM90.4b | RM74.0b | RM10.2b | 12.6x | 8.9x | 1.2x |
| Sun, 11 Sep 2022 | RM96.6b | RM74.8b | RM10.1b | 13.4x | 9.5x | 1.3x |
| Tue, 09 Aug 2022 | RM95.1b | RM71.8b | RM10.2b | 12.2x | 9.3x | 1.3x |
| Thu, 07 Jul 2022 | RM93.4b | RM70.9b | RM10.7b | 12.7x | 8.7x | 1.3x |
| Sat, 04 Jun 2022 | RM107.7b | RM70.9b | RM10.7b | 13x | 10.1x | 1.5x |
| Mon, 02 May 2022 | RM111.0b | RM66.8b | RM10.0b | 13.2x | 11.1x | 1.7x |
| Wed, 30 Mar 2022 | RM104.8b | RM66.3b | RM10.4b | 12.9x | 10.1x | 1.6x |
| Fri, 25 Feb 2022 | RM102.0b | RM62.9b | RM8.8b | 14.6x | 11.5x | 1.6x |
| Sun, 23 Jan 2022 | RM99.0b | RM59.5b | RM8.7b | 15.1x | 11.4x | 1.7x |
| Tue, 21 Dec 2021 | RM97.6b | RM59.2b | RM8.7b | 15.2x | 11.3x | 1.6x |
| Thu, 18 Nov 2021 | RM94.1b | RM54.7b | RM6.9b | 16.1x | 13.5x | 1.7x |
| Sat, 16 Oct 2021 | RM98.5b | RM54.3b | RM7.0b | 18.3x | 14.1x | 1.8x |
| Mon, 13 Sep 2021 | RM91.9b | RM55.5b | RM7.4b | 15.3x | 12.3x | 1.7x |
| Wed, 11 Aug 2021 | RM91.1b | RM55.6b | RM7.5b | 15.1x | 12.2x | 1.6x |
| Sun, 06 Jun 2021 | RM91.9b | RM50.5b | RM5.3b | 16.4x | 17.3x | 1.8x |
Price to Earnings Ratio
17.3x
Current Industry PE
- Investors are optimistic on the Malaysian Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 38.4x which is higher than its 3-year average PE of 16.6x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 27% per year over the last three years.
- Meanwhile revenues for these companies have grown 11% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Materials industry?
| MY Market | -1.00% | |
| Materials | -2.03% | |
| Chemicals | -3.31% | |
| Diversified Chemicals | 1.09% | |
| Industrial Gases | 0% | |
| Fertilizers and Agricultural Chemicals | -1.17% | |
| Specialty Chemicals | -2.52% | |
| Commodity Chemicals | -3.49% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry, which is trading close to its 3-year average PE ratio of 56.3x.
- Analysts are expecting annual earnings growth of 14.7%, which is lower than the prior year's growth of 412.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| ANCOMNY Ancom Nylex Berhad | RM1.06 | 1.9% +RM19.3m | 9.3% | PE12.5x | |
| TOYOVEN Toyo Ventures Holdings Berhad | RM1.11 | 6.7% +RM9.3m | -12.6% | PS1.8x | |
| RGTBHD RGT Berhad | RM0.30 | 1.7% +RM5.2m | 7.1% | PE311.7x | |
| ZANTAT Zantat Holdings Berhad | RM0.52 | 3.0% +RM4.2m | n/a | PE21.5x | |
| DPIH DPI Holdings Berhad | RM0.20 | 2.6% +RM3.7m | 5.4% | PE27.3x |
