Gagasan Nadi Cergas Berhad (KLSE:NADIBHD) - Share price, News & Analysis

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

NADIBHD (MYR0.28) is trading above our estimate of [[fair value]] (MYR0.17)

NADIBHD fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	1/6
Financial Health	3/6
Dividends	0/6

NADIBHD Stock Overview

Gagasan Nadi Cergas Berhad, an investment holding company, engages in the development of residential, commercial, and industrial property in Malaysia.

Risk Analysis

Earnings have declined by 33.6% per year over past 5 years

Debt is not well covered by operating cash flow

Profit margins (1.9%) are lower than last year (6.3%)

Does not have a meaningful market cap (MYR211M)

Gagasan Nadi Cergas Berhad Competitors

Citaglobal Berhad

KLSE:CITAGLB

RM196.4m

Gabungan AQRS Berhad

KLSE:GBGAQRS

RM173.7m

Mudajaya Group Berhad

KLSE:MUDAJYA

RM246.6m

Fajarbaru Builder Group Bhd

KLSE:FAJAR

RM207.7m

Price History & Performance

Summary of all time highs, changes and price drops for Gagasan Nadi Cergas Berhad
Historical stock prices
Current Share Price	RM0.28
52 Week High	RM0.38
52 Week Low	RM0.28
Beta	0.56
1 Month Change	1.82%
3 Month Change	0%
1 Year Change	-1.75%
3 Year Change	12.00%
5 Year Change	n/a
Change since IPO	-8.20%

Recent News & Updates

Dec 31

Is Gagasan Nadi Cergas Berhad (KLSE:NADIBHD) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

	NADIBHD	MY Construction	MY Market
7D	1.8%	0.6%	0.5%
1Y	-1.8%	-4.9%	-3.1%

Return vs Industry: NADIBHD exceeded the MY Construction industry which returned -4.9% over the past year.

Return vs Market: NADIBHD exceeded the MY Market which returned -3.1% over the past year.

Price Volatility

Is NADIBHD's price volatile compared to industry and market?
NADIBHD volatility
NADIBHD Average Weekly Movement	2.1%
Construction Industry Average Movement	5.4%
Market Average Movement	5.6%
10% most volatile stocks in MY Market	11.5%
10% least volatile stocks in MY Market	2.8%

Stable Share Price: NADIBHD is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: NADIBHD's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	126	Wan Bin Wan Kamal	https://www.nadicergas.com

Gagasan Nadi Cergas Berhad, an investment holding company, engages in the development of residential, commercial, and industrial property in Malaysia. The company operates through Construction, Concession and Facility Management, Utility, Property Development, and Other segments. It also provides providing various concession and asset management services, such as maintenance and schedule refurbishment, and replacement of assets; and concessionaire for building construction and provision of facility management services for student hostels.

Gagasan Nadi Cergas Berhad Fundamentals Summary

How do Gagasan Nadi Cergas Berhad's earnings and revenue compare to its market cap?
NADIBHD fundamental statistics
Market Cap	RM210.84m
Earnings (TTM)	RM4.15m
Revenue (TTM)	RM216.22m

50.9x

P/E Ratio

1.0x

P/S Ratio

Is NADIBHD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
NADIBHD income statement (TTM)
Revenue	RM216.22m
Cost of Revenue	RM198.48m
Gross Profit	RM17.74m
Other Expenses	RM13.59m
Earnings	RM4.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 25, 2022

Earnings per share (EPS)	0.0055
Gross Margin	8.21%
Net Profit Margin	1.92%
Debt/Equity Ratio	69.8%

How did NADIBHD perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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 NADIBHD?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for NADIBHD. This is calculated by dividing NADIBHD's market cap by their current preferred multiple.
What is NADIBHD's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	RM210.84m

NADIBHD 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/Revenue	2.1x
Enterprise Value/EBITDA	-52.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

NADIBHD PE Ratio vs Peers

The above table shows the PE ratio for NADIBHD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	25.9x
CITAGLB Citaglobal Berhad	41.7x	n/a	RM196.4m
GBGAQRS Gabungan AQRS Berhad	10.5x	22.7%	RM173.7m
MUDAJYA Mudajaya Group Berhad	22.9x	n/a	RM246.6m
FAJAR Fajarbaru Builder Group Bhd	28.7x	n/a	RM207.7m
NADIBHD Gagasan Nadi Cergas Berhad	50.9x	n/a	RM210.8m

Price-To-Earnings vs Peers: NADIBHD is expensive based on its Price-To-Earnings Ratio (50.9x) compared to the peer average (25.9x).

Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: NADIBHD is expensive based on its Price-To-Earnings Ratio (50.9x) compared to the MY Construction industry average (19.2x)

Price to Earnings Ratio vs Fair Ratio

What is NADIBHD'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.

NADIBHD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	50.9x
Fair PE Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: NADIBHD (MYR0.28) is trading above our estimate of fair value (MYR0.17)

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

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 Gagasan Nadi Cergas 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

17.9%

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 Gagasan Nadi Cergas 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.

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Take a look at our analysis of NADIBHD’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Gagasan Nadi Cergas Berhad performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-33.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NADIBHD has high quality earnings.

Growing Profit Margin: NADIBHD's current net profit margins (1.9%) are lower than last year (6.3%).

Past Earnings Growth Analysis

Earnings Trend: NADIBHD's earnings have declined by 33.6% per year over the past 5 years.

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

Earnings vs Industry: NADIBHD had negative earnings growth (-67.8%) over the past year, making it difficult to compare to the Construction industry average (-6.8%).

Return on Equity

High ROE: NADIBHD's Return on Equity (1.7%) is considered low.

Discover strong past performing companies

Financial Health

How is Gagasan Nadi Cergas Berhad's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: NADIBHD's short term assets (MYR367.5M) exceed its short term liabilities (MYR176.9M).

Long Term Liabilities: NADIBHD's short term assets (MYR367.5M) exceed its long term liabilities (MYR352.6M).

Debt to Equity History and Analysis

Debt Level: NADIBHD's net debt to equity ratio (51.8%) is considered high.

Reducing Debt: NADIBHD's debt to equity ratio has reduced from 111.1% to 69.8% over the past 5 years.

Debt Coverage: NADIBHD's debt is not well covered by operating cash flow (8%).

Interest Coverage: Insufficient data to determine if NADIBHD's interest payments on its debt are well covered by EBIT.

Balance Sheet

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Dividend

What is Gagasan Nadi Cergas 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 NADIBHD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

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

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Management

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

4.9yrs

Average board tenure

CEO

Wan Bin Wan Kamal (61 yo)

no data

Tenure

Haji Wan Azman Bin Wan Kamal serves as Group Managing Director at Gagasan Nadi Cergas Berhad.

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Wan's total compensation is reasonable compared to companies of similar size in the MY market.

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

Board Members

Experienced Board: NADIBHD's board of directors are considered experienced (4.9 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/07 00:00
End of Day Share Price	2022/08/05 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31