Seng Fong Holdings Berhad's (KLSE:SENFONG) Earnings Are Of Questionable Quality
May 13
Malaysian (KLSE) Commodity Chemicals Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies15
- 7D-0.9%
- 3M1.1%
- 1Y0.009%
- YTDn/a
Over the last 7 days, the Commodity Chemicals industry has dropped 1.6%, driven by PETRONAS Chemicals Group Berhad declining 1.4%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Malaysian Commodity Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | RM75.1b | RM67.2b | RM2.0b | 18.2x | 38.1x | 1.1x |
| Sun, 14 Apr 2024 | RM73.0b | RM67.2b | RM1.9b | 19.3x | 38.2x | 1.1x |
| Tue, 12 Mar 2024 | RM73.9b | RM67.0b | RM1.9b | 16x | 39.6x | 1.1x |
| Thu, 08 Feb 2024 | RM72.4b | RM69.6b | RM2.3b | 17.5x | 31.1x | 1x |
| Sat, 06 Jan 2024 | RM77.4b | RM69.8b | RM2.2b | 17.6x | 35.5x | 1.1x |
| Mon, 04 Dec 2023 | RM76.0b | RM69.7b | RM2.1b | 17.6x | 35.5x | 1.1x |
| Wed, 01 Nov 2023 | RM77.2b | RM71.2b | RM3.8b | 16.2x | 20.3x | 1.1x |
| Fri, 29 Sep 2023 | RM76.5b | RM71.7b | RM3.5b | 16.3x | 21.8x | 1.1x |
| Sun, 27 Aug 2023 | RM74.2b | RM71.8b | RM3.5b | 14x | 21.1x | 1x |
| Tue, 25 Jul 2023 | RM70.8b | RM74.1b | RM5.2b | 13.5x | 13.7x | 1x |
| Thu, 22 Jun 2023 | RM67.8b | RM74.1b | RM5.1b | 12.9x | 13.2x | 0.9x |
| Sat, 20 May 2023 | RM73.7b | RM73.7b | RM6.9b | 12.4x | 10.7x | 1x |
| Mon, 17 Apr 2023 | RM78.6b | RM74.5b | RM7.2b | 12.6x | 10.9x | 1.1x |
| Wed, 15 Mar 2023 | RM74.9b | RM74.5b | RM7.3b | 10.5x | 10.3x | 1x |
| Fri, 10 Feb 2023 | RM86.1b | RM72.9b | RM9.0b | 10.5x | 9.6x | 1.2x |
| Sun, 08 Jan 2023 | RM87.0b | RM73.6b | RM9.5b | 10.2x | 9.2x | 1.2x |
| Tue, 06 Dec 2022 | RM87.6b | RM73.4b | RM9.5b | 10.1x | 9.3x | 1.2x |
| Thu, 03 Nov 2022 | RM88.1b | RM71.0b | RM9.6b | 9.4x | 9.2x | 1.2x |
| Sat, 01 Oct 2022 | RM85.7b | RM70.9b | RM10.0b | 9.2x | 8.5x | 1.2x |
| Mon, 29 Aug 2022 | RM90.8b | RM70.7b | RM10.1b | 10.5x | 9x | 1.3x |
| Wed, 27 Jul 2022 | RM90.0b | RM67.4b | RM10.7b | 8.8x | 8.4x | 1.3x |
| Fri, 24 Jun 2022 | RM94.0b | RM66.6b | RM10.6b | 9.6x | 8.8x | 1.4x |
| Sun, 22 May 2022 | RM103.3b | RM62.7b | RM10.0b | 10.4x | 10.4x | 1.6x |
| Tue, 19 Apr 2022 | RM107.3b | RM62.1b | RM10.3b | 10.9x | 10.4x | 1.7x |
| Thu, 17 Mar 2022 | RM98.5b | RM62.1b | RM10.3b | 10x | 9.5x | 1.6x |
| Sat, 12 Feb 2022 | RM98.4b | RM56.2b | RM8.6b | 12.8x | 11.5x | 1.8x |
| Mon, 10 Jan 2022 | RM94.8b | RM55.4b | RM8.5b | 12.2x | 11.1x | 1.7x |
| Wed, 08 Dec 2021 | RM90.1b | RM55.3b | RM8.5b | 12x | 10.6x | 1.6x |
| Fri, 05 Nov 2021 | RM91.2b | RM50.9b | RM6.8b | 12.5x | 13.4x | 1.8x |
| Sun, 03 Oct 2021 | RM93.5b | RM50.6b | RM6.9b | 11.9x | 13.6x | 1.8x |
| Tue, 31 Aug 2021 | RM91.1b | RM51.9b | RM7.3b | 14.2x | 12.4x | 1.8x |
| Wed, 07 Jul 2021 | RM88.8b | RM51.9b | RM7.3b | 14.3x | 12.1x | 1.7x |
Price to Earnings Ratio
17.1x
Current Industry PE
- Investors are optimistic on the Malaysian Commodity Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.8x which is higher than its 3-year average PE of 15.9x.
- 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 Commodity Chemicals industry have declined 28% per year over the last three years.
- Meanwhile revenues for these companies have grown 13% 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 Comparison
How does Malaysian Commodity Chemicals compare with similar industries?
| MY Market | 1.23% | |
| Materials | 0.16% | |
| Chemicals | -0.95% | |
| Commodity Chemicals | -0.91% | |
| Specialty Chemicals | 2.57% | |
| Diversified Chemicals | 0.37% | |
| Industrial Gases | 0% | |
| Fertilizers and Agricultural Chemicals | -2.85% | |
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 | |
|---|---|---|---|---|---|
| PCHEM PETRONAS Chemicals Group Berhad | RM7.00 | 1.3% +RM720.0m | 2.0% | PE33x | |
| SCIENTX Scientex Berhad | RM4.46 | 2.5% +RM170.6m | 30.8% | PE13.7x | |
| LCTITAN Lotte Chemical Titan Holding Berhad | RM1.03 | 3.0% +RM68.3m | -11.2% | PS0.3x | |
| SAB Southern Acids (M) Berhad | RM3.71 | 6.6% +RM31.5m | 1.6% | PS0.5x | |
| ANALABS Analabs Resources Berhad | RM1.80 | 4.7% +RM8.7m | 28.6% | PE5.6x |