Milux Corporation Berhad (KLSE:MILUX) - Share price, News & Analysis

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

MILUX Stock Overview

Rewards

Trading at 41.5% below our estimate of its fair value

Became profitable this year

Risk Analysis

Highly volatile share price over the past 3 months

Large one-off items impacting financial results

Does not have a meaningful market cap (MYR237M)

Milux Corporation Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Milux Corporation Berhad
Historical stock prices
Current Share Price	RM1.01
52 Week High	RM1.67
52 Week Low	RM0.55
Beta	0.40
1 Month Change	12.85%
3 Month Change	40.28%
1 Year Change	31.17%
3 Year Change	405.00%
5 Year Change	361.71%
Change since IPO	103.13%

Recent News & Updates

Mar 09

Returns On Capital Are Showing Encouraging Signs At Milux Corporation Berhad (KLSE:MILUX)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...

Shareholder Returns

	MILUX	MY Consumer Durables	MY Market
7D	14.1%	0.4%	0.5%
1Y	31.2%	-4.8%	-2.4%

Return vs Industry: MILUX exceeded the MY Consumer Durables industry which returned -5.6% over the past year.

Return vs Market: MILUX exceeded the MY Market which returned -2.8% over the past year.

Price Volatility

Is MILUX's price volatile compared to industry and market?
MILUX volatility
MILUX Average Weekly Movement	14.4%
Consumer Durables Industry Average Movement	5.5%
Market Average Movement	5.9%
10% most volatile stocks in MY Market	11.7%
10% least volatile stocks in MY Market	3.1%

Stable Share Price: MILUX is more volatile than 90% of MY stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: MILUX's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of MY stocks.

About the Company

Founded	Employees	CEO	Website
1977	162	Teck Khoo	https://www.milux.com.my

Milux Corporation Berhad, an investment holding company, manufactures, sales, trades, and deals in a range of gas cookers, electrical household appliances, and related products in Malaysia and the rest of Asia. It offers home appliances, which include vacuum cleaners, water heaters, hair dryers, electric irons, and trailing socket, as well as ceiling, table, stand, wall, exhaust and ventilation, and industrial fans. The company also provides big appliances, such as chest freezers and washing machines; gas appliance including cast iron products, gas cookers, gas regulators, gas rice cookers, and standing cookers; kitchenware, such as cooker hobs and hoods; kitchen appliance, which include air fryers, blenders, bread toasters, egg steamers, electric and charcoal grills, food processors, ice cream makers, kettles, multi-cookers, ovens, slow cookers, rice cookers, and stand/power mixers; and thermo pots, induction cookers, coffee makers, food steamers, as well as enamel products.

Milux Corporation Berhad Fundamentals Summary

How do Milux Corporation Berhad's earnings and revenue compare to its market cap?
MILUX fundamental statistics
Market Cap	RM237.41m
Earnings (TTM)	RM5.53m
Revenue (TTM)	RM63.08m

42.9x

P/E Ratio

3.8x

P/S Ratio

Is MILUX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MILUX income statement (TTM)
Revenue	RM63.08m
Cost of Revenue	RM44.20m
Gross Profit	RM18.88m
Other Expenses	RM13.35m
Earnings	RM5.53m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.024
Gross Margin	29.93%
Net Profit Margin	8.77%
Debt/Equity Ratio	9.4%

How did MILUX perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

41.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MILUX (MYR1.01) is trading below our estimate of fair value (MYR1.73)

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

Price To Earnings Ratio

PE vs Industry: MILUX is poor value based on its PE Ratio (42.9x) compared to the MY Consumer Durables industry average (18.3x).

PE vs Market: MILUX is poor value based on its PE Ratio (42.9x) compared to the MY market (15.4x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: MILUX is overvalued based on its PB Ratio (5.6x) compared to the MY Consumer Durables industry average (1.1x).

Future Growth

How is Milux Corporation 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 Milux Corporation 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 Milux Corporation 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

11.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MILUX has a large one-off gain of MYR3.6M impacting its December 31 2021 financial results.

Growing Profit Margin: MILUX became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: MILUX has become profitable over the past 5 years, growing earnings by 11.7% per year.

Accelerating Growth: MILUX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MILUX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-11.3%).

Return on Equity

High ROE: MILUX's Return on Equity (13%) is considered low.

Financial Health

How is Milux Corporation Berhad's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

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

Financial Position Analysis

Short Term Liabilities: MILUX's short term assets (MYR56.1M) exceed its short term liabilities (MYR18.5M).

Long Term Liabilities: MILUX's short term assets (MYR56.1M) exceed its long term liabilities (MYR1.5M).

Debt to Equity History and Analysis

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

Reducing Debt: MILUX's debt to equity ratio has reduced from 9.9% to 9.4% over the past 5 years.

Debt Coverage: MILUX's debt is well covered by operating cash flow (161.9%).

Interest Coverage: MILUX's interest payments on its debt are well covered by EBIT (7.7x coverage).

Balance Sheet

Dividend

What is Milux Corporation 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 MILUX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MILUX'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 MILUX's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

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

Discover strong dividend paying companies

Management

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

9.6yrs

Average management tenure

CEO

Teck Khoo (46 yo)

2.83yrs

Tenure

RM505,615

Compensation

Datuk Teck Kee Khoo has been Group Managing Director and Director of Milux Corporation Berhad since July 5, 2019. He has been Partner and Director of VAMC Group since 2002 and was Senior Auditor of KPMG PL...

CEO Compensation Analysis

Compensation vs Market: Teck's total compensation ($USD115.13K) is about average for companies of similar size in the MY market ($USD118.89K).

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

Leadership Team

Experienced Management: MILUX's management team is seasoned and experienced (9.6 years average tenure).

Board Members

Experienced Board: MILUX's board of directors are not considered experienced ( 2.8 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 not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31