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AME

AME Elite Consortium Berhad KLSE:AME Stock Report

Last Price

RM1.68

Market Cap

RM1.1b

7D

0.6%

1Y

-3.1%

Updated

12 Aug, 2022

Data

Company Financials +
AME fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health5/6
Dividends1/6

AME Stock Overview

AME Elite Consortium Berhad, an investment holding company, engages in the construction business in Malaysia.

Rewards

Trading at 44.1% below our estimate of its fair value

Earnings are forecast to grow 15.23% per year

Risk Analysis

No risks detected for AME from our risk checks.

AME Elite Consortium Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AME Elite Consortium Berhad
Historical stock prices
Current Share PriceRM1.68
52 Week HighRM2.03
52 Week LowRM1.49
Beta1.04
1 Month Change5.66%
3 Month Change0%
1 Year Change-3.08%
3 Year Changen/a
5 Year Changen/a
Change since IPO62.58%

Recent News & Updates

Jun 09
AME Elite Consortium Berhad's (KLSE:AME) Shareholders Will Receive A Smaller Dividend Than Last Year

AME Elite Consortium Berhad's (KLSE:AME) Shareholders Will Receive A Smaller Dividend Than Last Year

AME Elite Consortium Berhad ( KLSE:AME ) is reducing its dividend to RM0.025 on the 7th of July. This payment takes the...

Shareholder Returns

AMEMY ConstructionMY Market
7D0.6%0.7%0.03%
1Y-3.1%-3.0%-3.4%

Return vs Industry: AME matched the MY Construction industry which returned -3% over the past year.

Return vs Market: AME matched the MY Market which returned -3.4% over the past year.

Price Volatility

Is AME's price volatile compared to industry and market?
AME volatility
AME Average Weekly Movement2.9%
Construction Industry Average Movement5.2%
Market Average Movement5.6%
10% most volatile stocks in MY Market11.7%
10% least volatile stocks in MY Market2.7%

Stable Share Price: AME is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AME's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995302Kelvin Leehttps://www.ame-elite.com

AME Elite Consortium Berhad, an investment holding company, engages in the construction business in Malaysia. The company operates through four segments: Construction, Property Development, Engineering, and Investment Holding/Property Investment and Management Services. It is involved in the property development, letting, and management activities; provision of manufacturing, installation, and contracting industrialized building system-precast concrete and steel structure product; managing real estate investment trust; servicing, maintenance, and installation of firefighting system; construction of large manufacturing plants; development of industrial parks; sale and lease of industrial factory units; and property investment, and rental and management of workers’ dormitories.

AME Elite Consortium Berhad Fundamentals Summary

How do AME Elite Consortium Berhad's earnings and revenue compare to its market cap?
AME fundamental statistics
Market CapRM1.08b
Earnings (TTM)RM48.56m
Revenue (TTM)RM398.39m

22.2x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AME income statement (TTM)
RevenueRM398.39m
Cost of RevenueRM294.45m
Gross ProfitRM103.94m
Other ExpensesRM55.38m
EarningsRM48.56m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.076
Gross Margin26.09%
Net Profit Margin12.19%
Debt/Equity Ratio34.5%

How did AME perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is AME undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AME?

Other financial metrics that can be useful for relative valuation.

AME key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA15.5x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does AME's PE Ratio compare to its peers?

AME PE Ratio vs Peers
The above table shows the PE ratio for AME vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.3x
EDGENTA UEM Edgenta Berhad
24.4x24.9%RM1.1b
WIDAD Widad Group Berhad
12.5xn/aRM949.6m
KGB Kelington Group Berhad
25.8x11.2%RM816.6m
KERJAYA Kerjaya Prospek Group Berhad
14.7x16.1%RM1.5b
AME AME Elite Consortium Berhad
22.2x15.2%RM1.1b

Price-To-Earnings vs Peers: AME is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the peer average (19.3x).


Price to Earnings Ratio vs Industry

How does AME's PE Ratio compare vs other companies in the MY Construction Industry?

Price-To-Earnings vs Industry: AME is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the MY Construction industry average (18.3x)


Price to Earnings Ratio vs Fair Ratio

What is AME's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AME PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.2x
Fair PE Ratio14.9x

Price-To-Earnings vs Fair Ratio: AME is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).


Share Price vs Fair Value

What is the Fair Price of AME when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AME (MYR1.68) is trading below our estimate of fair value (MYR3)

Significantly Below Fair Value: AME is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is AME Elite Consortium Berhad forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AME's forecast earnings growth (15.2% per year) is above the savings rate (3.6%).

Earnings vs Market: AME's earnings (15.2% per year) are forecast to grow faster than the MY market (10.5% per year).

High Growth Earnings: AME's earnings are forecast to grow, but not significantly.

Revenue vs Market: AME's revenue (9.6% per year) is forecast to grow faster than the MY market (5.3% per year).

High Growth Revenue: AME's revenue (9.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AME's Return on Equity is forecast to be low in 3 years time (9.5%).


Discover growth companies

Past Performance

How has AME Elite Consortium Berhad performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-4.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AME has high quality earnings.

Growing Profit Margin: AME's current net profit margins (12.2%) are higher than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: AME's earnings have declined by 4.8% per year over the past 5 years.

Accelerating Growth: AME's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AME had negative earnings growth (-9.2%) over the past year, making it difficult to compare to the Construction industry average (-6.8%).


Return on Equity

High ROE: AME's Return on Equity (7%) is considered low.


Discover strong past performing companies

Financial Health

How is AME Elite Consortium Berhad's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AME's short term assets (MYR1.0B) exceed its short term liabilities (MYR279.0M).

Long Term Liabilities: AME's short term assets (MYR1.0B) exceed its long term liabilities (MYR486.9M).


Debt to Equity History and Analysis

Debt Level: AME's net debt to equity ratio (8%) is considered satisfactory.

Reducing Debt: AME's debt to equity ratio has reduced from 74.4% to 34.5% over the past 5 years.

Debt Coverage: AME's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AME's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


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Dividend

What is AME Elite Consortium Berhad current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.49%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AME's dividend (1.49%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (2%).

High Dividend: AME's dividend (1.49%) is low compared to the top 25% of dividend payers in the MY market (4.82%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, AME has been paying a dividend for less than 10 years.

Growing Dividend: AME's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33%), AME's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: AME is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

3.9yrs

Average board tenure


CEO

Kelvin Lee (59 yo)

no data

Tenure

RM76,000

Compensation

Mr. Chai Lee, also known as Kelvin, serves as a Group Managing Director at SportsHero Limited. Mr. Lee serves as Group Managing Director of AME Elite Consortium Berhad and serves as its Director since Augu...


Board Members

Experienced Board: AME's board of directors are considered experienced (3.9 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

AME Elite Consortium Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: AME Elite Consortium Berhad
  • Ticker: AME
  • Exchange: KLSE
  • Founded: 1995
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: RM1.076b
  • Shares outstanding: 640.67m
  • Website: https://www.ame-elite.com

Number of Employees


Location

  • AME Elite Consortium Berhad
  • No. 2, Jalan I-Park SAC 1/1
  • Taman Perindustrian I-Park SAC
  • Senai
  • Johor
  • 81400
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.