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GBGA

Gabungan AQRS Berhad KLSE:GBGAQRS Stock Report

Last Price

RM0.32

Market Cap

RM171.0m

7D

6.8%

1Y

-42.7%

Updated

29 Jun, 2022

Data

Company Financials +
GBGAQRS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends0/6

GBGAQRS Stock Overview

Gabungan AQRS Berhad, an investment holding company, engages in the property development and construction activities in Malaysia.

Gabungan AQRS Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gabungan AQRS Berhad
Historical stock prices
Current Share PriceRM0.32
52 Week HighRM0.59
52 Week LowRM0.28
Beta0.71
1 Month Change-4.55%
3 Month Change-20.25%
1 Year Change-42.73%
3 Year Change-76.84%
5 Year Change-77.01%
Change since IPO-74.18%

Recent News & Updates

May 25
Is Gabungan AQRS Berhad (KLSE:GBGAQRS) Expensive For A Reason? A Look At Its Intrinsic Value

Is Gabungan AQRS Berhad (KLSE:GBGAQRS) Expensive For A Reason? A Look At Its Intrinsic Value

In this article we are going to estimate the intrinsic value of Gabungan AQRS Berhad ( KLSE:GBGAQRS ) by projecting its...

Shareholder Returns

GBGAQRSMY ConstructionMY Market
7D6.8%1.4%1.2%
1Y-42.7%-12.1%-6.5%

Return vs Industry: GBGAQRS underperformed the MY Construction industry which returned -12.1% over the past year.

Return vs Market: GBGAQRS underperformed the MY Market which returned -6.9% over the past year.

Price Volatility

Is GBGAQRS's price volatile compared to industry and market?
GBGAQRS volatility
GBGAQRS Average Weekly Movement7.8%
Construction Industry Average Movement5.3%
Market Average Movement5.5%
10% most volatile stocks in MY Market11.5%
10% least volatile stocks in MY Market2.8%

Stable Share Price: GBGAQRS is more volatile than 75% of MY stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: GBGAQRS's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of MY stocks.

About the Company

FoundedEmployeesCEOWebsite
2010325Azizan bin Jaafarhttps://www.gbg.com.my

Gabungan AQRS Berhad, an investment holding company, engages in the property development and construction activities in Malaysia. Its construction projects comprise expressways, sewer pipelines, rail infrastructure projects, and apartments. The company also develops residential and commercial properties.

Gabungan AQRS Berhad Fundamentals Summary

How do Gabungan AQRS Berhad's earnings and revenue compare to its market cap?
GBGAQRS fundamental statistics
Market CapRM170.97m
Earnings (TTM)RM16.60m
Revenue (TTM)RM316.43m

10.3x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GBGAQRS income statement (TTM)
RevenueRM316.43m
Cost of RevenueRM262.79m
Gross ProfitRM53.64m
Other ExpensesRM37.04m
EarningsRM16.60m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.031
Gross Margin16.95%
Net Profit Margin5.25%
Debt/Equity Ratio60.9%

How did GBGAQRS perform over the long term?

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

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GBGAQRS 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/Revenue1x
Enterprise Value/EBITDA10.1x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

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

GBGAQRS PE Ratio vs Peers
The above table shows the PE ratio for GBGAQRS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average68.4x
VINVEST Vinvest Capital Holdings Berhad
166.7xn/aRM174.4m
NADIBHD Gagasan Nadi Cergas Berhad
50xn/aRM207.1m
CITAGLB Citaglobal Berhad
41.7xn/aRM196.4m
INTA Inta Bina Group Berhad
15.4x34.2%RM133.8m
GBGAQRS Gabungan AQRS Berhad
10.3x22.7%RM171.0m

Price-To-Earnings vs Peers: GBGAQRS is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (68.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: GBGAQRS is good value based on its Price-To-Earnings Ratio (10.3x) compared to the MY Construction industry average (18.6x)


Price to Earnings Ratio vs Fair Ratio

What is GBGAQRS'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.

GBGAQRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: GBGAQRS is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (15x).


Share Price vs Fair Value

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

Below Fair Value: GBGAQRS (MYR0.32) is trading below our estimate of fair value (MYR0.38)

Significantly Below Fair Value: GBGAQRS is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: GBGAQRS is good value based on its PEG Ratio (0.5x)


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Future Growth

How is Gabungan AQRS Berhad forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GBGAQRS's forecast earnings growth (22.7% per year) is above the savings rate (3.6%).

Earnings vs Market: GBGAQRS's earnings (22.7% per year) are forecast to grow faster than the MY market (10% per year).

High Growth Earnings: GBGAQRS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GBGAQRS's revenue (15.9% per year) is forecast to grow faster than the MY market (5.2% per year).

High Growth Revenue: GBGAQRS's revenue (15.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


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Past Performance

How has Gabungan AQRS 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


-35.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GBGAQRS has high quality earnings.

Growing Profit Margin: GBGAQRS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GBGAQRS's earnings have declined by 35.6% per year over the past 5 years.

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

Earnings vs Industry: GBGAQRS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (-5.1%).


Return on Equity

High ROE: GBGAQRS's Return on Equity (3.4%) is considered low.


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Financial Health

How is Gabungan AQRS 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: GBGAQRS's short term assets (MYR1.3B) exceed its short term liabilities (MYR935.4M).

Long Term Liabilities: GBGAQRS's short term assets (MYR1.3B) exceed its long term liabilities (MYR4.1M).


Debt to Equity History and Analysis

Debt Level: GBGAQRS's net debt to equity ratio (29.7%) is considered satisfactory.

Reducing Debt: GBGAQRS's debt to equity ratio has reduced from 80.9% to 60.9% over the past 5 years.

Debt Coverage: GBGAQRS's debt is not well covered by operating cash flow (0.8%).

Interest Coverage: GBGAQRS's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


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Dividend

What is Gabungan AQRS 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

  • Future Dividend Coverage


4.94%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


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Management

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

5.1yrs

Average management tenure


CEO

Azizan bin Jaafar (53 yo)

6.17yrs

Tenure

RM1,502,250

Compensation

Mr. Azizan bin Jaafar serves as the Managing Director of Dasa Sentosa Sdn Bhd and Zambina Wawasan Sdn Bhd. Mr. bin Jaafar has been the Group Chief Executive Officer at Gabungan AQRS Berhad since January 1,...


CEO Compensation Analysis

Compensation vs Market: Azizan's total compensation ($USD341.30K) is above average for companies of similar size in the MY market ($USD112.87K).

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


Leadership Team

Experienced Management: GBGAQRS's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: GBGAQRS's board of directors are not considered experienced ( 2.8 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

Gabungan AQRS Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Gabungan AQRS Berhad
  • Ticker: GBGAQRS
  • Exchange: KLSE
  • Founded: 2010
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: RM170.973m
  • Shares outstanding: 542.77m
  • Website: https://www.gbg.com.my

Number of Employees


Location

  • Gabungan AQRS Berhad
  • G-58-G, Block G
  • Jalan Teknologi 3/9
  • Petaling Jaya
  • Selangor
  • 47810
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 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.