KLSE:TECFAST

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Techfast Holdings Berhad

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


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

TECFASTIndustryMarket
7 Day-1.2%-1.2%0.7%
30 Day2.6%-0.9%2.4%
90 Day-18.4%20.1%-0.9%
1 Year6.8%3.9%89.5%86.3%13.7%10.2%
3 Year26.5%15.9%68.3%56.3%-1.8%-10.7%
5 Year236.5%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Wye Tan
Executive Director0.42yrno datano data
Nur Bin Mohamed
Independent & Non-Executive Chairman0.33yrno datano data
See Ang
Independent & Non Executive Director0.42yrno datano data
Tock Lim
Non-Independent & Non-Executive Director16yrsRM541.48kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TECFASTKLSE (Bursa Malaysia)YesOrdinary SharesMYMYRJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 11:04
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.