NORTHERN Stock Overview

Engages in the engineering, procurement, construction, and commissioning of solar photovoltaic (PV) systems for commercial, industrial, and residential buildings in Malaysia. More details

NORTHERN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 60% below our estimate of its fair value

Earnings grew by 65% over the past year

Risk Analysis

Shares are highly illiquid

High level of non-cash earnings

Does not have a meaningful market cap (MYR243M)

Community vs My Fair Value

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Northern Solar Holdings Berhad Competitors

Critical Holdings Berhad

KLSE:CHB

RM 306.7m

JAKS Resources Berhad

KLSE:JAKS

RM 299.8m

Nestcon Berhad

KLSE:NESTCON

RM 289.5m

Sunmow Holding Berhad

KLSE:SUNMOW

RM 285.4m

Price History & Performance

Summary of share price highs, lows and changes for Northern Solar Holdings Berhad
Historical stock prices
Current Share Price	RM 0.61
52 Week High	RM 0.95
52 Week Low	RM 0.61
Beta	0
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-22.15%

Recent updates

Shareholder Returns

	NORTHERN	MY Construction	MY Market
7D	-20.1%	-1.8%	-1.2%
1Y	n/a	26.9%	1.5%

Return vs Industry: Insufficient data to determine how NORTHERN performed against the MY Construction industry.

Return vs Market: Insufficient data to determine how NORTHERN performed against the MY Market.

Price Volatility

Is NORTHERN's price volatile compared to industry and market?
NORTHERN volatility
NORTHERN Average Weekly Movement	n/a
Construction Industry Average Movement	5.5%
Market Average Movement	4.8%
10% most volatile stocks in MY Market	10.1%
10% least volatile stocks in MY Market	2.4%

Stable Share Price: NORTHERN's share price has been volatile over the past 3 months compared to the MY market.

Volatility Over Time: Insufficient data to determine NORTHERN's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2024	65	Sk Lew	www.northernsolar.com.my

Northern Solar Holdings Berhad engages in the engineering, procurement, construction, and commissioning of solar photovoltaic (PV) systems for commercial, industrial, and residential buildings in Malaysia. It also owns, operates, and maintains solar PV systems that generate and sell the electricity to net energy metering and self-consumption customers; develops solar energy system and other renewable energy; and operation and maintenance services for solar PV equipment and systems installed in commercial, industrial, and residential buildings. Northern Solar Holdings Berhad was formerly known as Northern Solar Holdings Sdn Bhd.

Northern Solar Holdings Berhad Fundamentals Summary

How do Northern Solar Holdings Berhad's earnings and revenue compare to its market cap?
NORTHERN fundamental statistics
Market cap	RM 243.29m
Earnings (TTM)	RM 10.09m
Revenue (TTM)	RM 77.97m

24.1x

P/E Ratio

3.1x

P/S Ratio

Is NORTHERN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NORTHERN income statement (TTM)
Revenue	RM 77.97m
Cost of Revenue	RM 56.39m
Gross Profit	RM 21.59m
Other Expenses	RM 11.50m
Earnings	RM 10.09m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.026
Gross Margin	27.68%
Net Profit Margin	12.94%
Debt/Equity Ratio	12.9%

How did NORTHERN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/19 20:02
End of Day Share Price	2025/02/19 00:00
Earnings	2024/03/31
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Northern Solar Holdings Berhad is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Northern Solar Holdings BerhadKLSE:NORTHERN Stock Report