Is PBA Holdings Bhd (KLSE:PBA) Using Too Much Debt?
May 07
Malaysian (KLSE) Water Utilities Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies5
- 7D0.5%
- 3M3.6%
- 1Y52.3%
- YTD15.8%
The Water Utilities industry has stayed flat over the last week. The past year has been better, since the industry has gained 52% in that time. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Malaysian Water Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | RM4.6b | RM3.6b | RM121.8m | 27.2x | 37.9x | 1.3x |
| Tue, 16 Apr 2024 | RM4.0b | RM3.6b | RM114.4m | 20.3x | 35.2x | 1.1x |
| Thu, 14 Mar 2024 | RM4.0b | RM3.6b | RM114.4m | 21.8x | 34.7x | 1.1x |
| Sat, 10 Feb 2024 | RM4.4b | RM3.4b | RM138.5m | 14.9x | 31.8x | 1.3x |
| Mon, 08 Jan 2024 | RM4.3b | RM3.4b | RM138.5m | 14.5x | 31.2x | 1.3x |
| Wed, 06 Dec 2023 | RM3.6b | RM3.4b | RM138.5m | 10.3x | 25.8x | 1.1x |
| Fri, 03 Nov 2023 | RM3.3b | RM3.2b | RM172.2m | 9.7x | 19.1x | 1x |
| Sun, 01 Oct 2023 | RM3.1b | RM3.2b | RM172.2m | 8.1x | 17.7x | 1x |
| Tue, 29 Aug 2023 | RM3.0b | RM3.1b | RM174.3m | 7.6x | 17.2x | 1x |
| Thu, 27 Jul 2023 | RM3.0b | RM3.0b | RM190.8m | 7.4x | 15.6x | 1x |
| Sat, 24 Jun 2023 | RM2.9b | RM3.0b | RM190.8m | 6.8x | 15.1x | 1x |
| Mon, 22 May 2023 | RM3.0b | RM2.9b | RM187.3m | 7.7x | 16.1x | 1.1x |
| Wed, 19 Apr 2023 | RM3.0b | RM2.8b | RM161.5m | 7.9x | 18.8x | 1.1x |
| Fri, 17 Mar 2023 | RM2.9b | RM2.8b | RM161.5m | 6.1x | 17.7x | 1x |
| Sun, 12 Feb 2023 | RM3.0b | RM2.7b | RM145.4m | 21.7x | 20.3x | 1.1x |
| Tue, 10 Jan 2023 | RM2.9b | RM2.7b | RM145.4m | 20.8x | 20.1x | 1.1x |
| Thu, 08 Dec 2022 | RM2.8b | RM2.7b | RM145.4m | 19.1x | 19.6x | 1.1x |
| Sat, 05 Nov 2022 | RM2.8b | RM2.7b | RM143.7m | 20.6x | 19.6x | 1.1x |
| Mon, 03 Oct 2022 | RM2.8b | RM2.7b | RM143.7m | 20.9x | 19.8x | 1.1x |
| Wed, 31 Aug 2022 | RM3.0b | RM2.7b | RM143.7m | 21.9x | 20.6x | 1.1x |
| Fri, 29 Jul 2022 | RM2.9b | RM2.8b | RM148.9m | 14.9x | 19.7x | 1.1x |
| Sun, 26 Jun 2022 | RM2.9b | RM2.8b | RM148.9m | 15.6x | 19.8x | 1.1x |
| Tue, 24 May 2022 | RM3.1b | RM2.8b | RM150.9m | 17.6x | 20.7x | 1.1x |
| Thu, 21 Apr 2022 | RM3.1b | RM3.0b | RM151.0m | 18.2x | 20.7x | 1.1x |
| Sat, 19 Mar 2022 | RM3.1b | RM3.0b | RM151.0m | 17.9x | 20.4x | 1x |
| Mon, 14 Feb 2022 | RM3.2b | RM2.9b | RM165.4m | 15.7x | 19.3x | 1.1x |
| Wed, 12 Jan 2022 | RM3.2b | RM2.9b | RM165.4m | 15.8x | 19.1x | 1.1x |
| Fri, 10 Dec 2021 | RM3.0b | RM2.9b | RM165.4m | 15.8x | 18.3x | 1x |
| Sun, 07 Nov 2021 | RM3.1b | RM2.9b | RM136.6m | 29.6x | 23x | 1.1x |
| Tue, 05 Oct 2021 | RM3.2b | RM2.9b | RM136.6m | 29.3x | 23.2x | 1.1x |
| Thu, 02 Sep 2021 | RM3.3b | RM3.0b | RM120.7m | 30x | 27.1x | 1.1x |
| Sat, 31 Jul 2021 | RM3.2b | RM3.0b | RM120.7m | 30.1x | 26.7x | 1.1x |
Price to Earnings Ratio
26x
Current Industry PE
- Investors are optimistic on the Malaysian Water Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.9x which is higher than its 3-year average PE of 22.1x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 9.1% 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 Utilities industry?
| MY Market | 1.94% | |
| Utilities | 4.70% | |
| Water Utilities | 0.55% | |
| Water | 0.55% | |
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 | |
|---|---|---|---|---|---|
| TALIWRK Taliworks Corporation Berhad | RM0.82 | 1.2% +RM20.2m | -3.0% | PE35.2x | |
| PUNCAK Puncak Niaga Holdings Berhad | RM0.36 | 4.3% +RM6.7m | 65.9% | PE18.5x | |
| PBA PBA Holdings Bhd | RM2.12 | 0.5% +RM3.3m | 153.9% | PE20.4x |