Techfast Holdings Berhad
Market Cap
RM100.4m
Last Updated
2021/03/03 11:04 UTC
Data Sources
Company Financials
Executive Summary
Techfast Holdings Berhad, an investment holding company, manufactures and distributes specialized fasteners and related precision turning and machining parts for the electronics, telecommunication, computer peripherals, and automotive industries. More Details
Risk Analysis
Snowflake Analysis
Flawless balance sheet with questionable track record.
Share Price & News
How has Techfast Holdings Berhad's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TECFAST is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: TECFAST's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-1.2%
TECFAST
-1.2%
MY Machinery
0.7%
MY Market
1 Year Return
3.9%
TECFAST
86.3%
MY Machinery
10.2%
MY Market
Return vs Industry: TECFAST underperformed the MY Machinery industry which returned 86.8% over the past year.
Return vs Market: TECFAST underperformed the MY Market which returned 10.9% over the past year.
Shareholder returns
| TECFAST | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | -1.2% | 0.7% |
| 30 Day | 2.6% | -0.9% | 2.4% |
| 90 Day | -18.4% | 20.1% | -0.9% |
| 1 Year | 6.8%3.9% | 89.5%86.3% | 13.7%10.2% |
| 3 Year | 26.5%15.9% | 68.3%56.3% | -1.8%-10.7% |
| 5 Year | 236.5%196.3% | 51.8%32.3% | 11.8%-6.6% |
Long-Term Price Volatility Vs. Market
How volatile is Techfast Holdings Berhad's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Techfast Holdings Berhad's (KLSE:TECFAST) Stock's On An Uptrend: Are Strong Financials Guiding The Market?3 months ago | Simply Wall St
Are Strong Financial Prospects The Force That Is Driving The Momentum In Techfast Holdings Berhad's KLSE:TECFAST) Stock?5 months ago | Simply Wall St
Techfast Holdings Berhad's (KLSE:TECFAST) Shares May Have Run Too Fast Too SoonValuation
Is Techfast Holdings Berhad undervalued compared to its fair value and its price relative to the market?
43.96x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TECFAST (MYR0.4) is trading above our estimate of fair value (MYR0.23)
Significantly Below Fair Value: TECFAST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TECFAST is poor value based on its PE Ratio (44x) compared to the MY Machinery industry average (20.8x).
PE vs Market: TECFAST is poor value based on its PE Ratio (44x) compared to the MY market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TECFAST's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TECFAST is overvalued based on its PB Ratio (2.5x) compared to the MY Machinery industry average (1.1x).
Next Steps
Future Growth
How is Techfast Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
25.2%
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 Techfast Holdings 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.
Next Steps
- Examine Techfast Holdings Berhad's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Techfast Holdings Berhad performed over the past 5 years?
3.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TECFAST has high quality earnings.
Growing Profit Margin: TECFAST's current net profit margins (6.3%) are lower than last year (11.9%).
Past Earnings Growth Analysis
Earnings Trend: TECFAST's earnings have grown by 3.8% per year over the past 5 years.
Accelerating Growth: TECFAST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TECFAST had negative earnings growth (-40.8%) over the past year, making it difficult to compare to the Machinery industry average (-19.8%).
Return on Equity
High ROE: TECFAST's Return on Equity (5.6%) is considered low.
Next Steps
Financial Health
How is Techfast Holdings Berhad's financial position?
Financial Position Analysis
Short Term Liabilities: TECFAST's short term assets (MYR34.9M) exceed its short term liabilities (MYR4.7M).
Long Term Liabilities: TECFAST's short term assets (MYR34.9M) exceed its long term liabilities (MYR1.0M).
Debt to Equity History and Analysis
Debt Level: TECFAST is debt free.
Reducing Debt: TECFAST had no debt 5 years ago.
Debt Coverage: TECFAST has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TECFAST has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Techfast Holdings Berhad current dividend yield, its reliability and sustainability?
5.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TECFAST's dividend (5%) is higher than the bottom 25% of dividend payers in the MY market (1.48%).
High Dividend: TECFAST's dividend (5%) is in the top 25% of dividend payers in the MY market (4.16%)
Stability and Growth of Payments
Stable Dividend: TECFAST has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TECFAST's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (109.9%), TECFAST's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.4yrs
Average board tenure
CEO
Techfast Holdings Berhad has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director | 0.42yr | no data | no data | |
| Independent & Non-Executive Chairman | 0.33yr | no data | no data | |
| Independent & Non Executive Director | 0.42yr | no data | no data | |
| Non-Independent & Non-Executive Director | 16yrs | RM541.48k | no data |
0.4yrs
Average Tenure
52yo
Average Age
Experienced Board: TECFAST's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 10.4%.
Top Shareholders
Company Information
Techfast Holdings Berhad's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Techfast Holdings Berhad
- Ticker: TECFAST
- Exchange: KLSE
- Founded: 2004
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: RM100.385m
- Shares outstanding: 250.96m
- Website: https://www.techfast.com.my
Number of Employees
Location
- Techfast Holdings Berhad
- No. 11 Jalan Pasaran 23/5
- Seksyen 23
- Shah Alam
- Selangor
- 40300
- Malaysia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TECFAST | KLSE (Bursa Malaysia) | Yes | Ordinary Shares | MY | MYR | Jun 2005 |
Biography
Techfast Holdings Berhad, an investment holding company, manufactures and distributes specialized fasteners and related precision turning and machining parts for the electronics, telecommunication, compute...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 11:04 |
| 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.