Why Panda Eco System Berhad's (KLSE:PANDA) Shaky Earnings Are Just The Beginning Of Its Problems
May 27
Malaysian (KLSE) Software Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies29
- 7D-0.1%
- 3M6.5%
- 1Y7.2%
- YTD3.0%
The Software industry is up 2.3% in the last week, with Microlink Solutions Berhad up 6.0%. Meanwhile, Rexit Berhad actually underperformed within the industry, shrinking 9.2% in the last week. In the last 12 months, the industry was up 10%. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Malaysian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | RM4.8b | RM1.6b | RM14.9m | 42.5x | 322.6x | 2.9x |
| Fri, 26 Apr 2024 | RM4.1b | RM1.6b | RM12.7m | 43.6x | 320.9x | 2.5x |
| Sun, 24 Mar 2024 | RM3.9b | RM1.6b | RM13.4m | 32.9x | 287.9x | 2.4x |
| Tue, 20 Feb 2024 | RM4.2b | RM1.5b | RM34.9m | 27x | 121.1x | 2.7x |
| Thu, 18 Jan 2024 | RM4.4b | RM1.6b | RM65.8m | 25.2x | 66.8x | 2.7x |
| Sat, 16 Dec 2023 | RM4.3b | RM1.6b | RM73.8m | 25.3x | 58x | 2.6x |
| Mon, 13 Nov 2023 | RM4.3b | RM1.6b | RM7.7m | 26.4x | 555.8x | 2.7x |
| Wed, 11 Oct 2023 | RM4.3b | RM1.6b | RM4.8m | 27.6x | 896.5x | 2.7x |
| Fri, 08 Sep 2023 | RM4.2b | RM1.6b | RM10.9m | 27.2x | 388.7x | 2.7x |
| Sun, 06 Aug 2023 | RM4.2b | RM1.6b | RM7.4m | 22.1x | 557.9x | 2.6x |
| Tue, 04 Jul 2023 | RM4.1b | RM1.6b | RM8.2m | 22.4x | 505.4x | 2.6x |
| Thu, 01 Jun 2023 | RM4.0b | RM1.6b | RM2.7m | 21.1x | 1477.7x | 2.5x |
| Sat, 29 Apr 2023 | RM3.8b | RM1.5b | -RM25,694,453.00 | 15.3x | -146.3x | 2.4x |
| Mon, 27 Mar 2023 | RM3.7b | RM1.5b | -RM36,058,091.00 | 17.9x | -101.7x | 2.4x |
| Wed, 22 Feb 2023 | RM3.6b | RM1.5b | -RM104,019,859.00 | 18.7x | -35x | 2.5x |
| Fri, 20 Jan 2023 | RM3.9b | RM1.6b | -RM115,145,581.00 | 22.4x | -33.6x | 2.4x |
| Sun, 18 Dec 2022 | RM3.9b | RM1.6b | -RM114,438,006.00 | 21.6x | -34.3x | 2.4x |
| Tue, 15 Nov 2022 | RM4.1b | RM1.6b | -RM70,311,454.00 | 22.6x | -58.3x | 2.6x |
| Thu, 13 Oct 2022 | RM3.2b | RM1.6b | -RM68,249,360.00 | 18.4x | -47.4x | 2.1x |
| Sat, 10 Sep 2022 | RM3.4b | RM1.6b | -RM66,094,477.00 | 19.6x | -51.8x | 2.2x |
| Mon, 08 Aug 2022 | RM3.2b | RM1.5b | -RM87,797,054.00 | 19.6x | -36.9x | 2.1x |
| Wed, 06 Jul 2022 | RM3.0b | RM1.5b | -RM146,943,384.00 | 14.7x | -20.5x | 2x |
| Fri, 03 Jun 2022 | RM3.3b | RM1.5b | -RM148,302,426.00 | 16x | -22.3x | 2.1x |
| Sun, 01 May 2022 | RM3.5b | RM1.5b | -RM115,573,439.00 | 15.7x | -30.6x | 2.3x |
| Tue, 29 Mar 2022 | RM3.5b | RM1.6b | -RM130,769,124.00 | 14.9x | -26.6x | 2.2x |
| Thu, 24 Feb 2022 | RM3.7b | RM1.6b | -RM73,713,563.00 | 15x | -50.4x | 2.4x |
| Sat, 22 Jan 2022 | RM3.8b | RM1.6b | -RM112,712,116.00 | 15.6x | -33.6x | 2.4x |
| Mon, 20 Dec 2021 | RM3.6b | RM1.6b | -RM113,643,665.00 | 15.7x | -31.5x | 2.3x |
| Wed, 17 Nov 2021 | RM3.8b | RM1.6b | -RM170,882,437.00 | 17.9x | -22.3x | 2.4x |
| Fri, 15 Oct 2021 | RM4.0b | RM1.6b | -RM172,604,114.00 | 18.5x | -22.9x | 2.5x |
| Sun, 12 Sep 2021 | RM4.0b | RM1.6b | -RM203,039,530.00 | 19.9x | -19.9x | 2.6x |
| Tue, 10 Aug 2021 | RM4.1b | RM1.6b | -RM202,430,622.00 | 18.1x | -20x | 2.6x |
Price to Earnings Ratio
-32.5x
Current Industry PE
- Investors are optimistic on the Malaysian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 299x which is higher than its 3-year average PE of 102x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- Total earnings for the Software industry have gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Malaysian Tech industry?
| MY Market | -0.47% | |
| Tech | 1.51% | |
| Software | -0.11% | |
| Application Software | 0.30% | |
| Systems Software | -0.88% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 41.3%, which is higher than its past year's earnings decline of 20.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 7.3% 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 | |
|---|---|---|---|---|---|
| MICROLN Microlink Solutions Berhad | RM0.35 | 6.0% +RM21.4m | -60.3% | PE78.8x | |
| N2N N2N Connect Berhad | RM0.53 | 2.9% +RM8.4m | 16.5% | PE21x | |
| MTRONIC Metronic Global Berhad | RM0.02 | 33.3% +RM7.7m | 33.3% | PS0.9x | |
| PANDA Panda Eco System Berhad | RM0.36 | 2.8% +RM6.7m | n/a | PE41.7x | |
| AGMO Agmo Holdings Berhad | RM0.56 | 3.7% +RM6.5m | 14.1% | PE23.6x |
