Jaycorp Berhad (KLSE:JAYCORP) - Share price, News & Analysis

JAYCORP fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

JAYCORP Stock Overview

Jaycorp Berhad, an investment holding company, manufactures and sells rubberwood furniture in Malaysia, rest of Asia, North America, Europe, and internationally.

Rewards

Trading at 24.8% below our estimate of its fair value

Risk Analysis

Profit margins (5.2%) are lower than last year (8.4%)

Does not have a meaningful market cap (MYR189M)

Jaycorp Berhad Competitors

Sern Kou Resources Berhad

KLSE:SERNKOU

RM626.5m

Lii Hen Industries Bhd

KLSE:LIIHEN

RM540.0m

Poh Huat Resources Holdings Berhad

KLSE:POHUAT

RM400.1m

Latitude Tree Holdings Berhad

KLSE:LATITUD

RM285.6m

Price History & Performance

Summary of all time highs, changes and price drops for Jaycorp Berhad
Historical stock prices
Current Share Price	RM0.70
52 Week High	RM1.01
52 Week Low	RM0.64
Beta	0.70
1 Month Change	-2.76%
3 Month Change	-7.24%
1 Year Change	-15.57%
3 Year Change	45.36%
5 Year Change	8.46%
Change since IPO	167.05%

Recent News & Updates

Jan 03

Is Jaycorp Berhad (KLSE:JAYCORP) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Nov 30

Jaycorp Berhad (KLSE:JAYCORP) Is Paying Out Less In Dividends Than Last Year

Jaycorp Berhad's ( KLSE:JAYCORP ) dividend is being reduced to RM0.055 on the 30th of December. However, the dividend...

Shareholder Returns

	JAYCORP	MY Consumer Durables	MY Market
7D	-1.4%	0.4%	0.1%
1Y	-15.6%	-5.9%	-3.1%

Return vs Industry: JAYCORP underperformed the MY Consumer Durables industry which returned -5.9% over the past year.

Return vs Market: JAYCORP underperformed the MY Market which returned -3.1% over the past year.

Price Volatility

Is JAYCORP's price volatile compared to industry and market?
JAYCORP volatility
JAYCORP Average Weekly Movement	3.8%
Consumer Durables Industry Average Movement	5.3%
Market Average Movement	5.8%
10% most volatile stocks in MY Market	11.6%
10% least volatile stocks in MY Market	3.1%

Stable Share Price: JAYCORP is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: JAYCORP's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2002	1,709	Ayk Yeo	https://www.jaycorp.com.my

Jaycorp Berhad, an investment holding company, manufactures and sells rubberwood furniture in Malaysia, rest of Asia, North America, Europe, and internationally. The company operates through six segments: Furniture, Processing of Wood, Packaging, Construction, Renewable Energy, and Others. It offers wooden dining sets, bedroom sets, sofa sets, upholstery works, and furniture parts.

Jaycorp Berhad Fundamentals Summary

How do Jaycorp Berhad's earnings and revenue compare to its market cap?
JAYCORP fundamental statistics
Market Cap	RM189.46m
Earnings (TTM)	RM15.72m
Revenue (TTM)	RM300.28m

12.1x

P/E Ratio

0.6x

P/S Ratio

Is JAYCORP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
JAYCORP income statement (TTM)
Revenue	RM300.28m
Cost of Revenue	RM279.59m
Gross Profit	RM20.69m
Other Expenses	RM4.97m
Earnings	RM15.72m

Last Reported Earnings

Jan 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.058
Gross Margin	6.89%
Net Profit Margin	5.23%
Debt/Equity Ratio	12.6%

How did JAYCORP perform over the long term?

See historical performance and comparison

Valuation

Is Jaycorp Berhad undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

24.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: JAYCORP (MYR0.71) is trading below our estimate of fair value (MYR0.94)

Significantly Below Fair Value: JAYCORP is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: JAYCORP is good value based on its Price-To-Earnings Ratio (12.1x) compared to the MY Consumer Durables industry average (17.9x).

PE vs Market: JAYCORP is good value based on its Price-To-Earnings Ratio (12.1x) compared to the MY market (15.3x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: JAYCORP's Price-To-Book Ratio (1.1x) is in line with the MY Consumer Durables industry average.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

24.0%

Forecasted Consumer Durables 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 Jaycorp 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.

Past Performance

How has Jaycorp Berhad performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

5.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JAYCORP has high quality earnings.

Growing Profit Margin: JAYCORP's current net profit margins (5.2%) are lower than last year (8.4%).

Past Earnings Growth Analysis

Earnings Trend: JAYCORP's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: JAYCORP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JAYCORP had negative earnings growth (-46.6%) over the past year, making it difficult to compare to the Consumer Durables industry average (-11.3%).

Return on Equity

High ROE: JAYCORP's Return on Equity (7.2%) is considered low.

Financial Health

How is Jaycorp Berhad's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: JAYCORP's short term assets (MYR152.4M) exceed its short term liabilities (MYR59.3M).

Long Term Liabilities: JAYCORP's short term assets (MYR152.4M) exceed its long term liabilities (MYR17.6M).

Debt to Equity History and Analysis

Debt Level: JAYCORP has more cash than its total debt.

Reducing Debt: JAYCORP's debt to equity ratio has increased from 8.9% to 12.6% over the past 5 years.

Debt Coverage: JAYCORP's debt is well covered by operating cash flow (101%).

Interest Coverage: JAYCORP's interest payments on its debt are well covered by EBIT (51.4x coverage).

Balance Sheet

Dividend

What is Jaycorp Berhad current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate JAYCORP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JAYCORP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JAYCORP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JAYCORP's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: JAYCORP is not paying a notable dividend for the MY market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as JAYCORP has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure

CEO

Ayk Yeo (52 yo)

2.25yrs

Tenure

Mr. Ayk Ke Yeo has been Managing Director at Jaycorp Berhad since February 10, 2020 and as its Non-Independent Executive Director since July 19, 2002. Mr. Yeo served as the Head of Operations of JayCorp Be...

Leadership Team

Experienced Management: JAYCORP's management team is considered experienced (3.4 years average tenure).

Board Members

Experienced Board: JAYCORP's board of directors are considered experienced (9.4 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/01/31
Annual Earnings	2021/07/31