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ESAF

Eversafe Rubber BerhadKLSE:ESAFE Stock Report

Market Cap

RM73.4m

7D

0%

1Y

38.6%

Updated

23 Oct, 2021

Data

Company Financials
ESAFE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends1/6

ESAFE Overview

Eversafe Rubber Berhad, an investment holding company, develops, manufactures, and distributes tire retreading materials to tire retreaders and rubber material traders in Malaysia.

Eversafe Rubber Berhad Competitors

GIIB Holdings Berhad

KLSE:GIIB

RM88.7m

Price History & Performance

Summary of all time highs, changes and price drops for Eversafe Rubber Berhad
Historical stock prices
Current Share PriceRM0.30
52 Week HighRM0.20
52 Week LowRM0.43
Beta0.97
1 Month Change-6.15%
3 Month Change-22.79%
1 Year Change38.64%
3 Year Change38.64%
5 Year Changen/a
Change since IPO-25.61%

Recent News & Updates

Sep 20
These 4 Measures Indicate That Eversafe Rubber Berhad (KLSE:ESAFE) Is Using Debt Safely

These 4 Measures Indicate That Eversafe Rubber Berhad (KLSE:ESAFE) Is Using Debt Safely

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Aug 03
Some Investors May Be Worried About Eversafe Rubber Berhad's (KLSE:ESAFE) Returns On Capital

Some Investors May Be Worried About Eversafe Rubber Berhad's (KLSE:ESAFE) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...

May 30
Is Eversafe Rubber Berhad (KLSE:ESAFE) A Risky Investment?

Is Eversafe Rubber Berhad (KLSE:ESAFE) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

May 04
Eversafe Rubber Berhad (KLSE:ESAFE) Could Be Struggling To Allocate Capital

Eversafe Rubber Berhad (KLSE:ESAFE) Could Be Struggling To Allocate Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

ESAFEMY Auto ComponentsMY Market
7D0%0.1%-0.4%
1Y38.6%16.3%9.2%

Return vs Industry: ESAFE exceeded the MY Auto Components industry which returned 16.3% over the past year.

Return vs Market: ESAFE exceeded the MY Market which returned 9.2% over the past year.

Price Volatility

Is ESAFE's price volatile compared to industry and market?
ESAFE volatility
ESAFE Beta0.97
Industry Beta0.76
Market Beta1

Stable Share Price: ESAFE is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ESAFE's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015211Siang Tee Cheahhttps://www.eversafe.com.my

Eversafe Rubber Berhad, an investment holding company, develops, manufactures, and distributes tire retreading materials to tire retreaders and rubber material traders in Malaysia. The company offers masterbatches, pre-cured tread liners, camelbacks, cushion gums, repair ropes, sidewall veneers, and orbitreads. It is also involved in the tire retreading operations and provision of after-sales services.

Eversafe Rubber Berhad Fundamentals Summary

How do Eversafe Rubber Berhad's earnings and revenue compare to its market cap?
ESAFE fundamental statistics
Market CapRM73.38m
Earnings (TTM)RM4.99m
Revenue (TTM)RM113.64m

14.7x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ESAFE income statement (TTM)
RevenueRM113.64m
Cost of RevenueRM92.47m
Gross ProfitRM21.17m
ExpensesRM16.17m
EarningsRM4.99m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.021
Gross Margin18.63%
Net Profit Margin4.39%
Debt/Equity Ratio48.1%

How did ESAFE perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

0%

Payout Ratio

Valuation

Is Eversafe Rubber Berhad undervalued compared to its fair value and its price relative to the market?

14.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ESAFE (MYR0.31) is trading above our estimate of fair value (MYR0.05)

Significantly Below Fair Value: ESAFE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ESAFE is good value based on its PE Ratio (14.7x) compared to the MY Auto Components industry average (22.7x).

PE vs Market: ESAFE is good value based on its PE Ratio (14.7x) compared to the MY market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ESAFE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ESAFE is overvalued based on its PB Ratio (1.1x) compared to the MY Auto Components industry average (0.6x).


Future Growth

How is Eversafe Rubber Berhad forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.5%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eversafe Rubber Berhad has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Eversafe Rubber Berhad performed over the past 5 years?

18.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESAFE has high quality earnings.

Growing Profit Margin: ESAFE's current net profit margins (4.4%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: ESAFE's earnings have grown by 18.3% per year over the past 5 years.

Accelerating Growth: ESAFE's earnings growth over the past year (43.3%) exceeds its 5-year average (18.3% per year).

Earnings vs Industry: ESAFE earnings growth over the past year (43.3%) underperformed the Auto Components industry 52.1%.


Return on Equity

High ROE: ESAFE's Return on Equity (7.6%) is considered low.


Financial Health

How is Eversafe Rubber Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: ESAFE's short term assets (MYR75.4M) exceed its short term liabilities (MYR40.1M).

Long Term Liabilities: ESAFE's short term assets (MYR75.4M) exceed its long term liabilities (MYR11.4M).


Debt to Equity History and Analysis

Debt Level: ESAFE's debt to equity ratio (48.1%) is considered high.

Reducing Debt: ESAFE's debt to equity ratio has increased from 28% to 48.1% over the past 5 years.

Debt Coverage: ESAFE's debt is well covered by operating cash flow (20.7%).

Interest Coverage: ESAFE's interest payments on its debt are well covered by EBIT (7.6x coverage).


Balance Sheet


Dividend

What is Eversafe Rubber Berhad current dividend yield, its reliability and sustainability?

3.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ESAFE's dividend (3.28%) is higher than the bottom 25% of dividend payers in the MY market (1.5%).

High Dividend: ESAFE's dividend (3.28%) is low compared to the top 25% of dividend payers in the MY market (4.21%).


Stability and Growth of Payments

Stable Dividend: ESAFE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ESAFE has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as ESAFE has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Siang Tee Cheah (45 yo)

5.42yrs

Tenure

RM578,000

Compensation

Mr. Siang Tee Cheah has been the Chief Executive Officer and Executive Director at Eversafe Rubber Berhad since May 30, 2016. Mr. Cheah is tasked with managing and overseeing the entire operations of Evers...


CEO Compensation Analysis

Compensation vs Market: Siang Tee's total compensation ($USD139.06K) is about average for companies of similar size in the MY market ($USD124.37K).

Compensation vs Earnings: Siang Tee's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ESAFE's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: ESAFE's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Eversafe Rubber Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Eversafe Rubber Berhad
  • Ticker: ESAFE
  • Exchange: KLSE
  • Founded: 2015
  • Industry: Tires and Rubber
  • Sector: Automobiles
  • Market Cap: RM73.381m
  • Shares outstanding: 240.59m
  • Website: https://www.eversafe.com.my

Number of Employees


Location

  • Eversafe Rubber Berhad
  • Lebuh Portland
  • Lot 94
  • Ipoh
  • Perak
  • 31400
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 11:04
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.