Valuation Update With 7 Day Price Move • 7h
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to RM1.13, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Construction industry in Malaysia. Total returns to shareholders of 41% over the past year. Simply Wall St's valuation model estimates the intrinsic value at RM1.23 per share. Major Estimate Revision • Jun 01
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM350.9m to RM322.3m. EPS estimate also fell from RM0.077 per share to RM0.068 per share. Net income forecast to grow 29% next year vs 25% growth forecast for Construction industry in Malaysia. Consensus price target broadly unchanged at RM1.54. Share price fell 11% to RM0.90 over the past week. Reported Earnings • May 26
Third quarter 2026 earnings released: EPS: RM0.003 (vs RM0.027 in 3Q 2025) Third quarter 2026 results: EPS: RM0.003 (down from RM0.027 in 3Q 2025). Revenue: RM50.8m (down 48% from 3Q 2025). Net income: RM1.20m (down 88% from 3Q 2025). Profit margin: 2.4% (down from 10% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Construction industry in Malaysia. Buy Or Sell Opportunity • May 25
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to RM1.01. The fair value is estimated to be RM0.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 4.7%. Revenue is forecast to grow by 8.3% in 2 years. Earnings are forecast to grow by 3.2% in the next 2 years. Buy Or Sell Opportunity • Mar 09
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to RM0.69. The fair value is estimated to be RM0.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 4.7%. Revenue is forecast to grow by 8.3% in 2 years. Earnings are forecast to grow by 3.2% in the next 2 years. Reported Earnings • Feb 25
Second quarter 2026 earnings released: EPS: RM0.021 (vs RM0.016 in 2Q 2025) Second quarter 2026 results: EPS: RM0.021 (up from RM0.016 in 2Q 2025). Revenue: RM83.2m (up 27% from 2Q 2025). Net income: RM7.80m (up 30% from 2Q 2025). Profit margin: 9.4% (up from 9.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Construction industry in Malaysia. Buy Or Sell Opportunity • Feb 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to RM0.81. The fair value is estimated to be RM1.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 15%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 10% in the next 2 years. Reported Earnings • Oct 30
Full year 2025 earnings released: EPS: RM0.075 (vs RM0.08 in FY 2024) Full year 2025 results: EPS: RM0.075. Revenue: RM328.9m (up 23% from FY 2024). Net income: RM27.9m (up 45% from FY 2024). Profit margin: 8.5% (up from 7.2% in FY 2024). The increase in margin was driven by higher revenue. Announcement • Oct 24
Critical Holdings Berhad, Annual General Meeting, Nov 26, 2025 Critical Holdings Berhad, Annual General Meeting, Nov 26, 2025, at 10:30 Singapore Standard Time. Location: iconic marjorie hotel, no. 239a, jalan sultan azlan shah, 11900 bayan lepas, pulau pinang, Malaysia Declared Dividend • Oct 15
Dividend of RM0.019 announced Shareholders will receive a dividend of RM0.019. Ex-date: 27th October 2025 Payment date: 11th November 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (13% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 60% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Aug 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (RM362.4m market cap, or US$85.6m). Reported Earnings • Aug 27
Full year 2025 earnings released: EPS: RM0.075 (vs RM0.08 in FY 2024) Full year 2025 results: EPS: RM0.075. Revenue: RM328.9m (up 23% from FY 2024). Net income: RM28.0m (up 45% from FY 2024). Profit margin: 8.5% (up from 7.2% in FY 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.06, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 15x in the Construction industry in Malaysia. Total returns to shareholders of 29% over the past year. Reported Earnings • May 28
Third quarter 2025 earnings released: EPS: RM0.027 (vs RM0.019 in 3Q 2024) Third quarter 2025 results: EPS: RM0.027 (up from RM0.019 in 3Q 2024). Revenue: RM97.6m (up 6.9% from 3Q 2024). Net income: RM10.1m (up 43% from 3Q 2024). Profit margin: 10% (up from 7.7% in 3Q 2024). The increase in margin was driven by higher revenue. Reported Earnings • Feb 26
Second quarter 2025 earnings released: EPS: RM0.016 (vs RM0.019 in 2Q 2024) Second quarter 2025 results: EPS: RM0.016 (down from RM0.019 in 2Q 2024). Revenue: RM65.6m (down 28% from 2Q 2024). Net income: RM5.99m (down 15% from 2Q 2024). Profit margin: 9.1% (up from 7.7% in 2Q 2024). The increase in margin was driven by lower expenses. Reported Earnings • Nov 29
First quarter 2025 earnings released First quarter 2025 results: EPS: RM0.01. Net income: RM3.55m (up RM3.55m from 1Q 2024). Reported Earnings • Oct 30
Full year 2024 earnings released: EPS: RM0.08 (vs RM0.026 in FY 2023) Full year 2024 results: EPS: RM0.08 (up from RM0.026 in FY 2023). Revenue: RM268.3m (up 78% from FY 2023). Net income: RM19.3m (up 101% from FY 2023). Profit margin: 7.2% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Announcement • Oct 26
Critical Holdings Berhad, Annual General Meeting, Nov 28, 2024 Critical Holdings Berhad, Annual General Meeting, Nov 28, 2024, at 10:30 Singapore Standard Time. Location: eastin hotel penang, queensbay 1, solok bayan indah, 11900 bayan lepas, pulau pinang, Malaysia Announcement • Oct 19
Critical Holdings Berhad Announces Single-Tier Interim Dividend for the Financial Year Ended June 30, 2024, Payable on November 19, 2024 Critical Holdings Berhad announced a single-tier interim dividend of MYR 0.0130 per ordinary share for the financial year ended June 30, 2024. The ex-dividend date is November 1, 2024, and the entitlement date is November 4, 2024. The dividend will be paid on November 19, 2024. Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: RM0.052 (vs RM0.026 in FY 2023) Full year 2024 results: EPS: RM0.052 (up from RM0.026 in FY 2023). Revenue: RM268.3m (up 78% from FY 2023). Net income: RM19.3m (up 101% from FY 2023). Profit margin: 7.2% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (RM438.7m market cap, or US$93.2m). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to RM1.18, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 16x in the Construction industry in Malaysia. Board Change • Dec 19
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CEO & Non-Independent Executive Director Si Tan is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.