| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
PIE Overview
P.I.E. Industrial Berhad, an investment holding company, manufactures and sells industrial electronic products primarily in Malaysia, Thailand, and Singapore.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | RM3.41 |
| 52 Week High | RM1.45 |
| 52 Week Low | RM3.84 |
| Beta | 1.23 |
| 1 Month Change | -1.44% |
| 3 Month Change | 12.54% |
| 1 Year Change | 124.34% |
| 3 Year Change | 125.83% |
| 5 Year Change | 79.47% |
| Change since IPO | 450.00% |
Recent News & Updates
With EPS Growth And More, P.I.E. Industrial Berhad (KLSE:PIE) Is Interesting
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
P.I.E. Industrial Berhad (KLSE:PIE) Will Want To Turn Around Its Return Trends
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Shareholder Returns
| PIE | MY Electrical | MY Market | |
|---|---|---|---|
| 7D | -1.4% | 1.3% | -0.9% |
| 1Y | 124.3% | 5.2% | 6.1% |
Return vs Industry: PIE exceeded the MY Electrical industry which returned 5.2% over the past year.
Return vs Market: PIE exceeded the MY Market which returned 6.1% over the past year.
Price Volatility
| PIE volatility | |
|---|---|
| PIE Beta | 1.23 |
| Industry Beta | 1.41 |
| Market Beta | 1 |
Stable Share Price: PIE is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PIE's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 2,718 | Chung Mui | https://www.pieib.com.my |
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 Industrial Products and Trading of Electronic Materials segments. It engages in the contract electronic manufacturing and testing of various electronic products, including bar code scanner assembly, PCB assembly, etc.; and manufacturing of wires and cables for various industrial applications, including telecommunication, medical, elevator, automotive, and consumer electronic products.
P.I.E. Industrial Berhad Fundamentals Summary
| PIE fundamental statistics | |
|---|---|
| Market Cap | RM1.31b |
| Earnings (TTM) | RM74.03m |
| Revenue (TTM) | RM972.85m |
17.7x
P/E Ratio1.3x
P/S RatioIs PIE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PIE income statement (TTM) | |
|---|---|
| Revenue | RM972.85m |
| Cost of Revenue | RM893.06m |
| Gross Profit | RM79.78m |
| Expenses | RM5.75m |
| Earnings | RM74.03m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.19 |
| Gross Margin | 8.20% |
| Net Profit Margin | 7.61% |
| Debt/Equity Ratio | 9.5% |
How did PIE perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield12%
Payout RatioValuation
Is P.I.E. Industrial Berhad undervalued compared to its fair value and its price relative to the market?
17.69x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PIE (MYR3.41) is trading above our estimate of fair value (MYR0.86)
Significantly Below Fair Value: PIE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PIE is good value based on its PE Ratio (17.7x) compared to the MY Electrical industry average (23.5x).
PE vs Market: PIE is poor value based on its PE Ratio (17.7x) compared to the MY market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: PIE is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: PIE is overvalued based on its PB Ratio (2.7x) compared to the MY Electrical industry average (1.3x).
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?
4.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PIE's forecast earnings growth (4.1% per year) is above the savings rate (3.6%).
Earnings vs Market: PIE's earnings (4.1% per year) are forecast to grow slower than the MY market (10.2% per year).
High Growth Earnings: PIE's earnings are forecast to grow, but not significantly.
Revenue vs Market: PIE's revenue (2.3% per year) is forecast to grow slower than the MY market (6.2% per year).
High Growth Revenue: PIE's revenue (2.3% 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 (11.1%).
Past Performance
How has P.I.E. Industrial Berhad performed over the past 5 years?
1.5%
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 (7.6%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: PIE's earnings have grown by 1.5% per year over the past 5 years.
Accelerating Growth: PIE's earnings growth over the past year (199.3%) exceeds its 5-year average (1.5% per year).
Earnings vs Industry: PIE earnings growth over the past year (199.3%) exceeded the Electrical industry 16.6%.
Return on Equity
High ROE: PIE's Return on Equity (15.3%) is considered low.
Financial Health
How is P.I.E. Industrial Berhad's financial position?
Financial Position Analysis
Short Term Liabilities: PIE's short term assets (MYR548.2M) exceed its short term liabilities (MYR218.1M).
Long Term Liabilities: PIE's short term assets (MYR548.2M) exceed its long term liabilities (MYR4.8M).
Debt to Equity History and Analysis
Debt Level: PIE's debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: PIE's debt to equity ratio has increased from 7.2% to 9.5% 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
Dividend
What is P.I.E. Industrial Berhad current dividend yield, its reliability and sustainability?
1.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PIE's dividend (1.47%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.51%).
High Dividend: PIE's dividend (1.47%) is low compared to the top 25% of dividend payers in the MY market (4.09%).
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 (12.5%), PIE's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PIE's dividends in 3 years are forecast to be well covered by earnings (37.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Chung Mui (69 yo)
no data
Tenure
RM1,280,000
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 ($USD307.68K) is about average for companies of similar size in the MY market ($USD303.04K).
Compensation vs Earnings: Chung's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PIE's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: PIE's board of directors are considered experienced (4.2 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 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: RM1.310b
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/16 11:01 |
| End of Day Share Price | 2021/09/15 00:00 |
| Earnings | 2021/06/30 |
| 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.