KLSE:TONGHER

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Tong Herr Resources Berhad

Executive Summary

Tong Herr Resources Berhad, an investment holding company, manufactures and sells stainless steel fasteners in Malaysia and Thailand. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has Tong Herr Resources Berhad's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TONGHER is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TONGHER's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

3.8%

TONGHER

-6.3%

MY Machinery

-0.6%

MY Market


1 Year Return

20.1%

TONGHER

83.8%

MY Machinery

10.5%

MY Market

Return vs Industry: TONGHER underperformed the MY Machinery industry which returned 83.8% over the past year.

Return vs Market: TONGHER exceeded the MY Market which returned 10.5% over the past year.


Shareholder returns

TONGHERIndustryMarket
7 Day3.8%-6.3%-0.6%
30 Day8.9%-1.5%1.8%
90 Day4.3%17.7%-0.6%
1 Year25.5%20.1%87.0%83.8%14.1%10.5%
3 Year-12.5%-25.1%67.3%55.5%-1.2%-10.2%
5 Year81.2%27.6%45.4%26.9%12.2%-6.3%

Long-Term Price Volatility Vs. Market

How volatile is Tong Herr Resources Berhad's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tong Herr Resources Berhad undervalued compared to its fair value and its price relative to the market?

12.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TONGHER (MYR2.45) is trading above our estimate of fair value (MYR1.18)

Significantly Below Fair Value: TONGHER is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TONGHER is good value based on its PE Ratio (12.2x) compared to the MY Machinery industry average (21.4x).

PE vs Market: TONGHER is good value based on its PE Ratio (12.2x) compared to the MY market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TONGHER's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TONGHER is good value based on its PB Ratio (0.8x) compared to the MY Machinery industry average (1.1x).


Next Steps

Future Growth

How is Tong Herr Resources Berhad forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.9%

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 Tong Herr Resources 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 Tong Herr Resources Berhad performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TONGHER has high quality earnings.

Growing Profit Margin: TONGHER's current net profit margins (5.6%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: TONGHER has become profitable over the past 5 years, growing earnings by 4.9% per year.

Accelerating Growth: TONGHER's earnings growth over the past year (55.9%) exceeds its 5-year average (4.9% per year).

Earnings vs Industry: TONGHER earnings growth over the past year (55.9%) exceeded the Machinery industry -19.8%.


Return on Equity

High ROE: TONGHER's Return on Equity (7%) is considered low.


Next Steps

Financial Health

How is Tong Herr Resources Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: TONGHER's short term assets (MYR480.8M) exceed its short term liabilities (MYR105.3M).

Long Term Liabilities: TONGHER's short term assets (MYR480.8M) exceed its long term liabilities (MYR19.5M).


Debt to Equity History and Analysis

Debt Level: TONGHER's debt to equity ratio (15.7%) is considered satisfactory.

Reducing Debt: TONGHER's debt to equity ratio has reduced from 32.2% to 15.7% over the past 5 years.

Debt Coverage: TONGHER's debt is well covered by operating cash flow (71.4%).

Interest Coverage: TONGHER earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Tong Herr Resources Berhad current dividend yield, its reliability and sustainability?

4.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TONGHER's dividend (4.08%) is higher than the bottom 25% of dividend payers in the MY market (1.47%).

High Dividend: TONGHER's dividend (4.08%) is low compared to the top 25% of dividend payers in the MY market (4.23%).


Stability and Growth of Payments

Stable Dividend: TONGHER's dividend payments have been volatile in the past 10 years.

Growing Dividend: TONGHER's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.6%), TONGHER's dividend payments are 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?

10.1yrs

Average management tenure


CEO

Yi Ting Tsai (31 yo)

8.58yrs

Tenure

RM485,000

Compensation

Mr. Yi Ting Tsai has been the Managing Director of Tong Herr Resources Bhd since August 29, 2012. He serves as Director of Tong Ming Enterprise Co., Ltd. since June 09, 2017. Mr. Ting served as a Deputy Ma...


CEO Compensation Analysis

Compensation vs Market: Yi Ting's total compensation ($USD119.62K) is about average for companies of similar size in the MY market ($USD143.87K).

Compensation vs Earnings: Yi Ting's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ming Tsai
Executive Chairman8.08yrsRM691.00k1.32%
MYR 4.9m
Yi Ting Tsai
MD & Executive Director8.58yrsRM485.00k0.16%
MYR 605.8k
Ban Tan
Head of Administration & Corporate Matters and Executive Director21.67yrsRM217.00k0.029%
MYR 109.3k
Pei Tsai
Non Independent & Non Executive Director3.58yrsRM268.00k0.48%
MYR 1.8m
Mei Woo
Financial Controllerno datano datano data
Gaik Cheah
Joint Secretary11yrsno datano data
Mei-Mei Lee
Company Secretary9.17yrsno datano data

10.1yrs

Average Tenure

46yo

Average Age

Experienced Management: TONGHER's management team is seasoned and experienced (10.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ming Tsai
Executive Chairman8.08yrsRM691.00k1.32%
MYR 4.9m
Yi Ting Tsai
MD & Executive Director8.58yrsRM485.00k0.16%
MYR 605.8k
Ban Tan
Head of Administration & Corporate Matters and Executive Director21.67yrsRM217.00k0.029%
MYR 109.3k
Pei Tsai
Non Independent & Non Executive Director3.58yrsRM268.00k0.48%
MYR 1.8m
Megat Abdul Munir
Independent & Non-Executive Director21.67yrsRM32.00k0.025%
MYR 92.1k
Eng Teh
Independent Non-Executive Director19yrsRM31.00k0.0029%
MYR 10.9k
Fazrin Bin Md. Nor
Independent & Non-Executive Director21.67yrsRM32.00k0.0033%
MYR 12.2k
Hung-Chuan Tsai
Non Independent & Non Executive Director8.08yrsRM30.00kno data
Chia-Yen Tsai
Non Independent & Non Executive Director3.58yrsRM30.00kno data

10.8yrs

Average Tenure

50yo

Average Age

Experienced Board: TONGHER's board of directors are seasoned and experienced ( 10.8 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

Tong Herr Resources Berhad's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tong Herr Resources Berhad
  • Ticker: TONGHER
  • Exchange: KLSE
  • Founded: 1997
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: RM373.048m
  • Shares outstanding: 153.52m
  • Website: https://www.tong.com.my

Location

  • Tong Herr Resources Berhad
  • No. 2515, Tingkat Perusahaan 4A
  • Perai Free Trade Zone
  • Perai
  • Pulau Pinang
  • 13600
  • Malaysia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TONGHERKLSE (Bursa Malaysia)YesOrdinary SharesMYMYRNov 1999

Biography

Tong Herr Resources Berhad, an investment holding company, manufactures and sells stainless steel fasteners in Malaysia and Thailand. It stainless steel fasteners include nuts, bolts, screws, and various o...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/05 11:05
End of Day Share Price2021/03/05 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.