KLSE:DESTINI

Stock Analysis Report

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Market Cap

RM282.2m

Last Updated

2021/07/31 11:09 UTC

Data Sources

Company Financials +

Executive Summary

Destini Berhad, an investment holding company, provides engineering solutions in the aviation, marine, land system, and oil and gas sectors worldwide. More Details


Snowflake Analysis

Reasonable growth potential with imperfect balance sheet.

Share Price & News

How has Destini Berhad's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-7.5%

DESTINI

-2.0%

MY Aerospace & Defense

-1.9%

MY Market


1 Year Return

-27.5%

DESTINI

15.4%

MY Aerospace & Defense

-1.5%

MY Market

Return vs Industry: DESTINI underperformed the MY Aerospace & Defense industry which returned 15.4% over the past year.

Return vs Market: DESTINI underperformed the MY Market which returned -1.5% over the past year.


Shareholder returns

DESTINIIndustryMarket
7 Day-7.5%-2.0%-1.9%
30 Day-7.5%8.9%-1.3%
90 Day-21.3%22.6%-6.6%
1 Year-27.5%-27.5%16.4%15.4%2.1%-1.5%
3 Year-41.3%-41.3%68.5%63.0%-3.7%-12.8%
5 Year-71.5%-71.5%27.8%22.9%8.6%-9.6%

Long-Term Price Volatility Vs. Market

How volatile is Destini Berhad's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

2.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DESTINI (MYR0.19) is trading above our estimate of fair value (MYR0.18)

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


Price To Earnings Ratio

PE vs Industry: DESTINI is unprofitable, so we can't compare its PE Ratio to the Asian Aerospace & Defense industry average.

PE vs Market: DESTINI is unprofitable, so we can't compare its PE Ratio to the MY market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DESTINI is good value based on its PB Ratio (2.1x) compared to the XA Aerospace & Defense industry average (2.9x).


Future Growth

How is Destini Berhad forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

113.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DESTINI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.6%).

Earnings vs Market: DESTINI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DESTINI's is expected to become profitable in the next 3 years.

Revenue vs Market: DESTINI's revenue (10.8% per year) is forecast to grow faster than the MY market (6.1% per year).

High Growth Revenue: DESTINI's revenue (10.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DESTINI's Return on Equity is forecast to be low in 3 years time (10.1%).


Past Performance

How has Destini Berhad performed over the past 5 years?

-75.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DESTINI is currently unprofitable.

Growing Profit Margin: DESTINI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DESTINI is unprofitable, and losses have increased over the past 5 years at a rate of 75.4% per year.

Accelerating Growth: Unable to compare DESTINI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DESTINI is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (22.1%).


Return on Equity

High ROE: DESTINI has a negative Return on Equity (-134.08%), as it is currently unprofitable.


Financial Health

How is Destini Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: DESTINI's short term assets (MYR327.7M) exceed its short term liabilities (MYR304.5M).

Long Term Liabilities: DESTINI's short term assets (MYR327.7M) exceed its long term liabilities (MYR39.4M).


Debt to Equity History and Analysis

Debt Level: DESTINI's debt to equity ratio (85.1%) is considered high.

Reducing Debt: DESTINI's debt to equity ratio has increased from 13.6% to 85.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: DESTINI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if DESTINI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate DESTINI'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 DESTINI's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DESTINI's dividend in 3 years as they are not forecast to pay a notable one for the MY market.


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Rozabil Bin Abdul Rahman (49 yo)

7.5yrs

Tenure

RM753,000

Compensation

DATO’. Rozamujib Bin Abdul Rahman, also known as Rozabil is a Co-Owner of R Capital Sdn Bhd. DATO’. Bin Abdul Rahman has been President of Destini Berhad since April 19, 2018. He has been Group Chief Execu...


CEO Compensation Analysis

Compensation vs Market: Rozabil's total compensation ($USD178.24K) is above average for companies of similar size in the MY market ($USD130.34K).

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


Leadership Team

Experienced Management: DESTINI's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: DESTINI's board of directors are considered experienced (7.3 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 been diluted in the past year, with total shares outstanding growing by 13.3%.


Top Shareholders

Company Information

Destini Berhad's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Destini Berhad
  • Ticker: DESTINI
  • Exchange: KLSE
  • Founded: 1991
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: RM282.176m
  • Shares outstanding: 1.53b
  • Website: https://www.destinigroup.com

Number of Employees


Location

  • Destini Berhad
  • No. 10 Jalan Jurunilai U1/20
  • Hicom Glenmarie Industrial Park
  • Shah Alam
  • Selangor
  • 40150
  • Malaysia

Listings


Biography

Destini Berhad, an investment holding company, provides engineering solutions in the aviation, marine, land system, and oil and gas sectors worldwide. It operates through two segments: Maintenance, Repair,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 11:09
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
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.