Inari Amertron Berhad Just Missed Earnings - But Analysts Have Updated Their Models
May 26
Malaysian (KLSE) Semiconductors Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies22
- 7D2.4%
- 3M14.1%
- 1Y20.8%
- YTD14.2%
The Semiconductors industry is up 1.8% in the last week, with Inari Amertron Berhad up 4.9%. In the same time, JF Technology Berhad was down 5.3%. This means that the industry has gained 21% over the past year. Looking forward, earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Malaysian Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | RM57.7b | RM10.0b | RM897.1m | 46.7x | 64.3x | 5.8x |
| Sat, 27 Apr 2024 | RM49.8b | RM9.7b | RM791.6m | 43.3x | 62.9x | 5.1x |
| Mon, 25 Mar 2024 | RM51.3b | RM9.7b | RM808.3m | 42.5x | 63.5x | 5.3x |
| Wed, 21 Feb 2024 | RM50.0b | RM9.9b | RM836.7m | 39.5x | 59.7x | 5.1x |
| Fri, 19 Jan 2024 | RM50.2b | RM9.9b | RM839.3m | 36.5x | 59.8x | 5.1x |
| Sun, 17 Dec 2023 | RM50.7b | RM9.9b | RM842.8m | 38.4x | 60.2x | 5.1x |
| Tue, 14 Nov 2023 | RM49.7b | RM9.9b | RM950.7m | 40.2x | 52.3x | 5x |
| Thu, 12 Oct 2023 | RM49.5b | RM10.0b | RM1.0b | 35.8x | 48.7x | 4.9x |
| Sat, 09 Sep 2023 | RM50.2b | RM10.0b | RM1.0b | 35.8x | 49.5x | 5x |
| Mon, 07 Aug 2023 | RM51.9b | RM10.4b | RM1.2b | 37.9x | 42x | 5x |
| Wed, 05 Jul 2023 | RM50.5b | RM10.5b | RM1.3b | 35.5x | 38.8x | 4.8x |
| Fri, 02 Jun 2023 | RM46.2b | RM9.0b | RM1.3b | 28.7x | 35.5x | 5.1x |
| Sun, 30 Apr 2023 | RM48.1b | RM9.3b | RM1.5b | 30.4x | 32.5x | 5.2x |
| Tue, 28 Mar 2023 | RM48.6b | RM9.4b | RM1.5b | 24.6x | 31.5x | 5.2x |
| Thu, 23 Feb 2023 | RM47.5b | RM9.2b | RM1.5b | 24.3x | 30.7x | 5.1x |
| Sat, 21 Jan 2023 | RM50.2b | RM9.4b | RM1.6b | 23.7x | 31.2x | 5.4x |
| Mon, 19 Dec 2022 | RM47.8b | RM9.3b | RM1.6b | 23.4x | 29.9x | 5.1x |
| Wed, 16 Nov 2022 | RM42.4b | RM9.2b | RM1.6b | 22.4x | 26.3x | 4.6x |
| Fri, 14 Oct 2022 | RM39.6b | RM9.2b | RM1.6b | 22.1x | 24.9x | 4.3x |
| Sun, 11 Sep 2022 | RM44.3b | RM9.2b | RM1.6b | 25.6x | 27.7x | 4.8x |
| Tue, 09 Aug 2022 | RM47.1b | RM9.1b | RM1.6b | 25.6x | 29.4x | 5.2x |
| Thu, 07 Jul 2022 | RM41.1b | RM9.0b | RM1.6b | 22.4x | 25.8x | 4.6x |
| Sat, 04 Jun 2022 | RM47.6b | RM9.0b | RM1.6b | 26.9x | 29.9x | 5.3x |
| Mon, 02 May 2022 | RM36.8b | RM7.3b | RM1.2b | 30.2x | 30.6x | 5x |
| Wed, 30 Mar 2022 | RM40.6b | RM7.1b | RM1.2b | 36.9x | 34.9x | 5.7x |
| Fri, 25 Feb 2022 | RM39.5b | RM6.9b | RM1.1b | 33.6x | 35.1x | 5.8x |
| Sun, 23 Jan 2022 | RM42.1b | RM6.8b | RM1.1b | 34.4x | 38.5x | 6.2x |
| Tue, 21 Dec 2021 | RM52.7b | RM6.8b | RM1.1b | 42.7x | 48.6x | 7.8x |
| Thu, 18 Nov 2021 | RM54.0b | RM6.6b | RM1.0b | 56.4x | 51.5x | 8.2x |
| Sat, 16 Oct 2021 | RM54.0b | RM6.4b | RM1.0b | 62.5x | 53.2x | 8.4x |
| Mon, 13 Sep 2021 | RM51.7b | RM6.4b | RM1.0b | 61.9x | 51.3x | 8.1x |
| Wed, 11 Aug 2021 | RM52.6b | RM6.4b | RM1.0b | 64.5x | 52.1x | 8.2x |
| Sun, 06 Jun 2021 | RM41.9b | RM5.8b | RM863.3m | 56x | 48.6x | 7.2x |
Price to Earnings Ratio
48.6x
Current Industry PE
- Investors are optimistic on the Malaysian Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 64.3x which is higher than its 3-year average PE of 42.2x.
- The industry is trading close to its 3-year average PS ratio of 5.7x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 20% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Malaysian Tech industry?
| MY Market | -1.00% | |
| Tech | 1.84% | |
| Semiconductors | 2.36% | |
| Semiconductors | 2.78% | |
| Semiconductor Equipment | 1.59% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 43.3x.
- Analysts are expecting annual earnings growth of 35.1%, which is higher than its past year's earnings decline of 26.7% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 42.8x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| INARI Inari Amertron Berhad | RM3.41 | 4.9% +RM614.5m | 35.3% | PE41.1x | |
| GREATEC Greatech Technology Berhad | RM5.24 | 4.6% +RM288.5m | 26.9% | PE42.6x | |
| D&O D & O Green Technologies Berhad | RM3.77 | 4.1% +RM242.3m | 3.6% | PE114x | |
| VITROX ViTrox Corporation Berhad | RM7.79 | 1.8% +RM132.4m | -0.1% | PE65.5x | |
| DNEX Dagang NeXchange Berhad | RM0.46 | 2.2% +RM128.2m | 8.3% | PS1.2x |
