TAS Offshore Berhad (KLSE:TAS) Has A Somewhat Strained Balance Sheet
Oct 29
Malaysian (KLSE) Industrials Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies273
- 7D0.9%
- 3M3.8%
- 1Y6.3%
- YTD3.2%
Over the last 7 days, the Industrials industry has remained flat, although notably Westports Holdings Berhad gained 4.0%. As for the the longer term, the industry is up 7.4% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.
Sector Valuation and Performance
Has the Malaysian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | RM227.6b | RM225.5b | RM1.5b | 17.4x | 153.9x | 1x |
| Thu, 28 Sep 2023 | RM224.7b | RM222.6b | RM1.4b | 17.3x | 155.8x | 1x |
| Sat, 26 Aug 2023 | RM221.9b | RM221.8b | RM1.3b | 16x | 165.1x | 1x |
| Mon, 24 Jul 2023 | RM215.9b | RM218.1b | RM52.8m | 15.5x | 4090x | 1x |
| Wed, 21 Jun 2023 | RM212.3b | RM217.3b | RM238.7m | 15.1x | 889.1x | 1x |
| Fri, 19 May 2023 | RM215.3b | RM425.8b | RM41.0b | 15.3x | 5.2x | 0.5x |
| Sun, 16 Apr 2023 | RM221.2b | RM215.2b | RM33.3b | 16.1x | 6.6x | 1x |
| Tue, 14 Mar 2023 | RM217.9b | RM214.7b | RM33.2b | 16.3x | 6.6x | 1x |
| Thu, 09 Feb 2023 | RM229.0b | RM210.2b | RM43.9b | 14.1x | 5.2x | 1.1x |
| Sat, 07 Jan 2023 | RM212.6b | RM208.4b | RM43.5b | 13.6x | 4.9x | 1x |
| Mon, 05 Dec 2022 | RM208.8b | RM207.8b | RM43.6b | 13.3x | 4.8x | 1x |
| Wed, 02 Nov 2022 | RM199.6b | RM272.7b | RM52.0b | 14.2x | 3.8x | 0.7x |
| Fri, 30 Sep 2022 | RM193.9b | RM197.0b | RM42.4b | 13.6x | 4.6x | 1x |
| Sun, 28 Aug 2022 | RM203.6b | RM195.0b | RM41.9b | 14.7x | 4.9x | 1x |
| Tue, 26 Jul 2022 | RM199.2b | RM188.7b | RM8.6b | 13.9x | 23.2x | 1.1x |
| Thu, 23 Jun 2022 | RM195.5b | RM188.7b | RM8.5b | 14.1x | 22.9x | 1x |
| Sat, 21 May 2022 | RM207.4b | RM183.2b | RM8.5b | 15x | 24.4x | 1.1x |
| Mon, 18 Apr 2022 | RM214.2b | RM182.7b | RM8.5b | 16.4x | 25.1x | 1.2x |
| Wed, 16 Mar 2022 | RM203.7b | RM187.0b | RM9.0b | 14.6x | 22.6x | 1.1x |
| Fri, 11 Feb 2022 | RM217.3b | RM184.0b | RM7.1b | 16.8x | 30.6x | 1.2x |
| Sun, 09 Jan 2022 | RM222.2b | RM183.7b | RM7.0b | 18.3x | 31.5x | 1.2x |
| Tue, 07 Dec 2021 | RM210.1b | RM184.7b | RM7.1b | 15.9x | 29.8x | 1.1x |
| Thu, 04 Nov 2021 | RM225.8b | RM186.5b | RM6.6b | 18.8x | 34.1x | 1.2x |
| Sat, 02 Oct 2021 | RM223.3b | RM186.0b | RM6.7b | 16.2x | 33.6x | 1.2x |
| Mon, 30 Aug 2021 | RM225.9b | RM183.1b | RM6.0b | 18.3x | 37.8x | 1.2x |
| Tue, 06 Jul 2021 | RM208.0b | RM183.0b | RM5.9b | 17x | 35.1x | 1.1x |
| Fri, 09 Apr 2021 | RM219.3b | RM172.3b | RM4.4b | 19.6x | 50.3x | 1.3x |
| Thu, 31 Dec 2020 | RM212.4b | RM169.0b | RM2.3b | 20.5x | 93.1x | 1.3x |
Price to Earnings Ratio
118.7x
Current Industry PE
- Investors are optimistic on the Malaysian Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 154x which is higher than its 3-year average PE of -376x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 10% 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 Industrials sector?
| MY Market | 0.25% | |
| Industrials | 0.93% | |
| Airlines | 6.56% | |
| Aerospace & Defense | 5.00% | |
| Electrical | 2.45% | |
| Infrastructure | 2.36% | |
| Building | 1.92% | |
| Logistics | 1.34% | |
| Machinery | 1.28% | |
| Trade Distributors | 0.88% | |
| Marine and Shipping | 0.88% | |
| Construction | 0.69% | |
| Commercial Services | 0.34% | |
| Industrials | 0.26% | |
| Transportation | -0.47% | |
| Professional Services | -0.60% | |
Industry PE
- Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio of 42.3x.
- Analysts are expecting annual earnings growth of 29.8%, which is higher than its past year's earnings decline of 8.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 109% over the next 5 years.
- In contrast, the Marine and Shipping industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| WPRTS Westports Holdings Berhad | RM3.41 | 4.0% +RM443.3m | 1.5% | PE15.2x | |
| MISC MISC Berhad | RM7.25 | 0.8% +RM267.8m | 0.3% | PE12.8x | |
| IJM IJM Corporation Berhad | RM1.89 | 3.8% +RM245.4m | 16.0% | PE29.4x | |
| SFPTECH SFP Tech Holdings Berhad | RM0.95 | 11.1% +RM228.0m | 72.7% | PE60.8x | |
| AIRPORT Malaysia Airports Holdings Berhad | RM7.36 | 1.5% +RM183.5m | 23.1% | PE27.1x |
