KLSE:PIE

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P.I.E. Industrial Berhad

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


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

PIEIndustryMarket
7 Day12.5%0.8%0.7%
30 Day11.4%0.2%2.4%
90 Day64.0%7.6%-0.9%
1 Year180.5%170.0%120.3%111.7%13.7%10.2%
3 Year152.4%123.6%55.5%16.5%-1.8%-10.7%
5 Year89.3%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

Valuation

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

NamePositionTenureCompensationOwnership
Chung Mui
MD & Executive Directorno dataRM1.20m0.64%
MYR 8.7m
Siew Saw
Group Finance Director of PIESB1.67yrsno datano data
Tiew Ong
Head of Supply Chain Support of CEM - Electronic Divisionno datano datano data
Yee Lin Wong
Company Secretary1.42yrsno datano data
Poe Pyng Hing
Company Secretary1.42yrsno datano 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

NamePositionTenureCompensationOwnership
Chung Mui
MD & Executive Directorno dataRM1.20m0.64%
MYR 8.7m
Thai Wong
Independent Non-Executive Chairman1.08yrsno datano data
Hooi Loo
Independent & Non Executive Director11.67yrsRM30.00kno data
Cheow Lee
Non Independent & Non Executive Director4.33yrsRM5.00kno data
San San Koay
Independent & Non Executive Director3yrsRM30.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PIEKLSE (Bursa Malaysia)YesOrdinary SharesMYMYRJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 11:08
End of Day Share Price2021/03/02 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.