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BSTE

Boustead Holdings Berhad KLSE:BSTEAD Stock Report

Last Price

RM0.76

Market Cap

RM1.5b

7D

-3.2%

1Y

32.2%

Updated

12 Aug, 2022

Data

Company Financials
BSTEAD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends0/6

BSTEAD Stock Overview

Boustead Holdings Berhad, an investment holding company, engages in property and industrial; plantation; pharmaceutical; heavy industries; and trading, finance, and investment business activities in Malaysia.

Boustead Holdings Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Boustead Holdings Berhad
Historical stock prices
Current Share PriceRM0.76
52 Week HighRM0.85
52 Week LowRM0.53
Beta0.96
1 Month Change-2.56%
3 Month Change9.35%
1 Year Change32.17%
3 Year Change-26.21%
5 Year Change-71.75%
Change since IPO-36.04%

Recent News & Updates

Jul 05
Boustead Holdings Berhad (KLSE:BSTEAD) Has A Somewhat Strained Balance Sheet

Boustead Holdings Berhad (KLSE:BSTEAD) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

BSTEADMY IndustrialsMY Market
7D-3.2%-2.3%0.03%
1Y32.2%0.7%-3.4%

Return vs Industry: BSTEAD exceeded the MY Industrials industry which returned 0.7% over the past year.

Return vs Market: BSTEAD exceeded the MY Market which returned -3.4% over the past year.

Price Volatility

Is BSTEAD's price volatile compared to industry and market?
BSTEAD volatility
BSTEAD Average Weekly Movement6.8%
Industrials Industry Average Movement4.6%
Market Average Movement5.6%
10% most volatile stocks in MY Market11.7%
10% least volatile stocks in MY Market2.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
182816,520Mohammed Bin Ramlyhttps://www.boustead.com.my

Boustead Holdings Berhad, an investment holding company, engages in property and industrial; plantation; pharmaceutical; heavy industries; and trading, finance, and investment business activities in Malaysia. Its Property and Industrial division is involved in the property development; manufacturing and trading of building materials; and construction and leasing out of commercial and retail properties, as well as owns and operates hotels. The company’s Plantation division cultivates oil palm and processes crude palm oil; and is involved in the research of oil palm tissue culture and genetics.

Boustead Holdings Berhad Fundamentals Summary

How do Boustead Holdings Berhad's earnings and revenue compare to its market cap?
BSTEAD fundamental statistics
Market CapRM1.54b
Earnings (TTM)RM417.30m
Revenue (TTM)RM12.66b

3.7x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSTEAD income statement (TTM)
RevenueRM12.66b
Cost of RevenueRM8.47b
Gross ProfitRM4.19b
Other ExpensesRM3.77b
EarningsRM417.30m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin33.10%
Net Profit Margin3.30%
Debt/Equity Ratio114.4%

How did BSTEAD perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 BSTEAD?

Other financial metrics that can be useful for relative valuation.

BSTEAD 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/Revenue0.7x
Enterprise Value/EBITDA6.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

BSTEAD PE Ratio vs Peers
The above table shows the PE ratio for BSTEAD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.4x
HLIND Hong Leong Industries Berhad
16.1xn/aRM2.9b
KFIMA Kumpulan Fima Berhad
6xn/aRM615.7m
TEXCHEM Texchem Resources Bhd
11.2x17.6%RM414.1m
SUNWAY Sunway Berhad
20.4x15.3%RM8.1b
BSTEAD Boustead Holdings Berhad
3.7xn/aRM1.5b

Price-To-Earnings vs Peers: BSTEAD is good value based on its Price-To-Earnings Ratio (3.7x) compared to the peer average (13.4x).


Price to Earnings Ratio vs Industry

How does BSTEAD's PE Ratio compare vs other companies in the Asian Industrials Industry?

Price-To-Earnings vs Industry: BSTEAD is good value based on its Price-To-Earnings Ratio (3.7x) compared to the MY Industrials industry average (15.2x)


Price to Earnings Ratio vs Fair Ratio

What is BSTEAD'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.

BSTEAD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BSTEAD's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: BSTEAD (MYR0.76) is trading below our estimate of fair value (MYR6.47)

Significantly Below Fair Value: BSTEAD 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: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.9%

Forecasted Capital Goods 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 Boustead Holdings 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.


Discover growth companies

  • Examine whether Boustead Holdings Berhad is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Boustead Holdings 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


-28.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BSTEAD has a large one-off gain of MYR374.1M impacting its March 31 2022 financial results.

Growing Profit Margin: BSTEAD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BSTEAD has become profitable over the past 5 years, growing earnings by -28.8% per year.

Accelerating Growth: BSTEAD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BSTEAD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Industrials industry (26.2%).


Return on Equity

High ROE: BSTEAD's Return on Equity (16%) is considered low.


Discover strong past performing companies

Financial Health

How is Boustead Holdings Berhad's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BSTEAD's short term assets (MYR5.7B) do not cover its short term liabilities (MYR7.7B).

Long Term Liabilities: BSTEAD's short term assets (MYR5.7B) exceed its long term liabilities (MYR3.4B).


Debt to Equity History and Analysis

Debt Level: BSTEAD's net debt to equity ratio (100%) is considered high.

Reducing Debt: BSTEAD's debt to equity ratio has increased from 81.3% to 114.4% over the past 5 years.

Debt Coverage: BSTEAD's debt is not well covered by operating cash flow (18.1%).

Interest Coverage: BSTEAD's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


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Dividend

What is Boustead Holdings Berhad current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate BSTEAD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BSTEAD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BSTEAD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BSTEAD's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: BSTEAD is not paying a notable dividend for the MY market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BSTEAD has not reported any payouts.


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Management

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

2.4yrs

Average management tenure


CEO

Mohammed Bin Ramly (61 yo)

no data

Tenure

RM2,182,000

Compensation

Mr. Mohammed Shazalli Bin Ramly has been Non-Independent & Non-Executive Director at Boustead Heavy Industries Corporation Berhad since March 4, 2021. He had been Chairman of Pharmaniaga Berhad since March...


CEO Compensation Analysis

Compensation vs Market: Mohammed's total compensation ($USD491.42K) is above average for companies of similar size in the MY market ($USD269.22K).

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


Leadership Team

Experienced Management: BSTEAD's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: BSTEAD's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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

Boustead Holdings Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Boustead Holdings Berhad
  • Ticker: BSTEAD
  • Exchange: KLSE
  • Founded: 1828
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Implied Market Cap: RM1.541b
  • Shares outstanding: 2.03b
  • Website: https://www.boustead.com.my

Number of Employees


Location

  • Boustead Holdings Berhad
  • Menara Boustead
  • 28th Floor
  • Kuala Lumpur
  • Wilayah Persekutuan
  • 50200
  • 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 Earnings2021/12/31


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.