P.I.E. Industrial Berhad
Market Cap
RM1.3b
Last Updated
2021/03/03 11:08 UTC
Data Sources
Company Financials +
Executive Summary
P.I.E. Industrial Berhad, an investment holding company, manufactures and sells industrial electronic products primarily in Malaysia, Thailand, and Singapore. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with acceptable track record.
Share Price & News
How has P.I.E. Industrial Berhad's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PIE is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: PIE's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
12.5%
PIE
0.8%
MY Electrical
0.7%
MY Market
1 Year Return
170.0%
PIE
111.7%
MY Electrical
10.2%
MY Market
Return vs Industry: PIE exceeded the MY Electrical industry which returned 96.6% over the past year.
Return vs Market: PIE exceeded the MY Market which returned 10.9% over the past year.
Shareholder returns
| PIE | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.5% | 0.8% | 0.7% |
| 30 Day | 11.4% | 0.2% | 2.4% |
| 90 Day | 64.0% | 7.6% | -0.9% |
| 1 Year | 180.5%170.0% | 120.3%111.7% | 13.7%10.2% |
| 3 Year | 152.4%123.6% | 55.5%16.5% | -1.8%-10.7% |
| 5 Year | 89.3%59.5% | 46.3%14.0% | 11.8%-6.6% |
Long-Term Price Volatility Vs. Market
How volatile is P.I.E. Industrial Berhad's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
P.I.E. Industrial Berhad Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next1 week ago | Simply Wall St
What Does P.I.E. Industrial Berhad's (KLSE:PIE) Share Price Indicate?3 weeks ago | Simply Wall St
The Trends At P.I.E. Industrial Berhad (KLSE:PIE) That You Should Know AboutValuation
Is P.I.E. Industrial Berhad undervalued compared to its fair value and its price relative to the market?
29.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PIE (MYR3.51) is trading above our estimate of fair value (MYR0.7)
Significantly Below Fair Value: PIE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PIE is poor value based on its PE Ratio (29.4x) compared to the MY Electrical industry average (22.9x).
PE vs Market: PIE is poor value based on its PE Ratio (29.4x) compared to the MY market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: PIE is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: PIE is overvalued based on its PB Ratio (2.8x) compared to the MY Electrical industry average (1.3x).
Next Steps
Future Growth
How is P.I.E. Industrial Berhad forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
13.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PIE's forecast earnings growth (13% per year) is above the savings rate (3.7%).
Earnings vs Market: PIE's earnings (13% per year) are forecast to grow slower than the MY market (16.6% per year).
High Growth Earnings: PIE's earnings are forecast to grow, but not significantly.
Revenue vs Market: PIE's revenue (6.9% per year) is forecast to grow slower than the MY market (7.2% per year).
High Growth Revenue: PIE's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PIE's Return on Equity is forecast to be low in 3 years time (9.6%).
Next Steps
Past Performance
How has P.I.E. Industrial Berhad performed over the past 5 years?
-8.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PIE has a high level of non-cash earnings.
Growing Profit Margin: PIE's current net profit margins (6.7%) are higher than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: PIE's earnings have declined by 8% per year over the past 5 years.
Accelerating Growth: PIE's earnings growth over the past year (25.5%) exceeds its 5-year average (-8% per year).
Earnings vs Industry: PIE earnings growth over the past year (25.5%) exceeded the Electrical industry -6.1%.
Return on Equity
High ROE: PIE's Return on Equity (9.6%) is considered low.
Next Steps
Financial Health
How is P.I.E. Industrial Berhad's financial position?
Financial Position Analysis
Short Term Liabilities: PIE's short term assets (MYR523.8M) exceed its short term liabilities (MYR181.5M).
Long Term Liabilities: PIE's short term assets (MYR523.8M) exceed its long term liabilities (MYR3.3M).
Debt to Equity History and Analysis
Debt Level: PIE's debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: PIE's debt to equity ratio has reduced from 29% to 5.9% over the past 5 years.
Debt Coverage: PIE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PIE earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is P.I.E. Industrial Berhad current dividend yield, its reliability and sustainability?
1.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PIE's dividend (1.42%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.48%).
High Dividend: PIE's dividend (1.42%) is low compared to the top 25% of dividend payers in the MY market (4.16%).
Stability and Growth of Payments
Stable Dividend: PIE's dividend payments have been volatile in the past 10 years.
Growing Dividend: PIE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.1%), PIE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PIE's dividends in 3 years are forecast to be well covered by earnings (36.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Chung Mui (68 yo)
no data
Tenure
RM1,201,000
Compensation
Mr. Chung Meng Mui serves as the Managing Director at Pie Industrial Bhd. Mr. Mui joined Pan-International Electronics (Thailand) Co. Ltd. in 1993 and was subsequently promoted to General Manager of the So...
CEO Compensation Analysis
Compensation vs Market: Chung's total compensation ($USD295.98K) is about average for companies of similar size in the MY market ($USD326.46K).
Compensation vs Earnings: Chung's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | no data | RM1.20m | 0.64% MYR 8.7m | |
| Group Finance Director of PIESB | 1.67yrs | no data | no data | |
| Head of Supply Chain Support of CEM - Electronic Division | no data | no data | no data | |
| Company Secretary | 1.42yrs | no data | no data | |
| Company Secretary | 1.42yrs | no data | no data |
1.4yrs
Average Tenure
Experienced Management: PIE's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | no data | RM1.20m | 0.64% MYR 8.7m | |
| Independent Non-Executive Chairman | 1.08yrs | no data | no data | |
| Independent & Non Executive Director | 11.67yrs | RM30.00k | no data | |
| Non Independent & Non Executive Director | 4.33yrs | RM5.00k | no data | |
| Independent & Non Executive Director | 3yrs | RM30.00k | no data |
4.3yrs
Average Tenure
54yo
Average Age
Experienced Board: PIE's board of directors are considered experienced (4.3 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
P.I.E. Industrial Berhad's company bio, employee growth, exchange listings and data sources
Key Information
- Name: P.I.E. Industrial Berhad
- Ticker: PIE
- Exchange: KLSE
- Founded: 1997
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: RM1.348b
- Shares outstanding: 384.04m
- Website: https://www.pieib.com.my
Number of Employees
Location
- P.I.E. Industrial Berhad
- Jalan Jelawat 1
- Plot 4
- Perai
- Pulau Pinang
- 13700
- Malaysia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PIE | KLSE (Bursa Malaysia) | Yes | Ordinary Shares | MY | MYR | Jul 2000 |
Biography
P.I.E. Industrial Berhad, an investment holding company, manufactures and sells industrial electronic products primarily in Malaysia, Thailand, and Singapore. The company operates through Manufacturing of ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 11:08 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.