Oceancash Pacific Berhad (KLSE:OCNCASH) - Share price, News & Analysis

OCNCASH fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	4/6
Financial Health	6/6
Dividends	4/6

OCNCASH Stock Overview

Oceancash Pacific Berhad, an investment holding company, manufactures and trades in non-woven products in Malaysia, Indonesia, Japan, Thailand, and internationally.

Rewards

Earnings are forecast to grow 19.12% per year

Earnings grew by 21.6% over the past year

Risk Analysis

Unstable dividend track record

Does not have a meaningful market cap (MYR89M)

Oceancash Pacific Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Oceancash Pacific Berhad
Historical stock prices
Current Share Price	RM0.34
52 Week High	RM0.53
52 Week Low	RM0.33
Beta	0.33
1 Month Change	-4.23%
3 Month Change	-10.53%
1 Year Change	-35.24%
3 Year Change	-20.93%
5 Year Change	-51.74%
Change since IPO	52.65%

Recent News & Updates

Mar 08

Oceancash Pacific Berhad (KLSE:OCNCASH) Could Easily Take On More Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Nov 29

There Are Reasons To Feel Uneasy About Oceancash Pacific Berhad's (KLSE:OCNCASH) Returns On Capital

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

Shareholder Returns

	OCNCASH	MY Luxury	MY Market
7D	0%	-0.5%	0.5%
1Y	-35.2%	-28.7%	-1.6%

Return vs Industry: OCNCASH underperformed the MY Luxury industry which returned -28.7% over the past year.

Return vs Market: OCNCASH underperformed the MY Market which returned -1.6% over the past year.

Price Volatility

Is OCNCASH's price volatile compared to industry and market?
OCNCASH volatility
OCNCASH Average Weekly Movement	4.3%
Luxury Industry Average Movement	10.1%
Market Average Movement	5.9%
10% most volatile stocks in MY Market	11.8%
10% least volatile stocks in MY Market	3.1%

Stable Share Price: OCNCASH is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

Founded	Employees	CEO	Website
1997	n/a	Siew Tan	https://oceancash.com

Oceancash Pacific Berhad, an investment holding company, manufactures and trades in non-woven products in Malaysia, Indonesia, Japan, Thailand, and internationally. The company operates through two segments, Insulation and Hygiene. It manufactures, distributes, and trades in resinated and thermoplastic felts for interior and exterior trims in automobiles and air conditioning compressors, as well as insulation in buildings, including roofs, ceilings, walls, and partitions.

Oceancash Pacific Berhad Fundamentals Summary

How do Oceancash Pacific Berhad's earnings and revenue compare to its market cap?
OCNCASH fundamental statistics
Market Cap	RM88.67m
Earnings (TTM)	RM5.25m
Revenue (TTM)	RM74.49m

16.9x

P/E Ratio

1.2x

P/S Ratio

Is OCNCASH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
OCNCASH income statement (TTM)
Revenue	RM74.49m
Cost of Revenue	RM62.15m
Gross Profit	RM12.35m
Other Expenses	RM7.10m
Earnings	RM5.25m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.02
Gross Margin	16.58%
Net Profit Margin	7.04%
Debt/Equity Ratio	11.4%

How did OCNCASH perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

40%

Payout Ratio

Valuation

Is Oceancash Pacific 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

16.91x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: OCNCASH (MYR0.34) is trading above our estimate of fair value (MYR0.16)

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

Price To Earnings Ratio

PE vs Industry: OCNCASH is poor value based on its PE Ratio (16.9x) compared to the MY Luxury industry average (11.3x).

PE vs Market: OCNCASH is poor value based on its PE Ratio (16.9x) compared to the MY market (15.4x).

Price to Earnings Growth Ratio

PEG Ratio: OCNCASH is good value based on its PEG Ratio (0.9x)

Price to Book Ratio

PB vs Industry: OCNCASH is good value based on its PB Ratio (0.8x) compared to the MY Luxury industry average (1x).

Future Growth

How is Oceancash Pacific Berhad forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

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

19.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: OCNCASH's forecast earnings growth (19.1% per year) is above the savings rate (3.6%).

Earnings vs Market: OCNCASH's earnings (19.1% per year) are forecast to grow faster than the MY market (10.9% per year).

High Growth Earnings: OCNCASH's earnings are forecast to grow, but not significantly.

Revenue vs Market: OCNCASH's revenue (11.2% per year) is forecast to grow faster than the MY market (6.7% per year).

High Growth Revenue: OCNCASH's revenue (11.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if OCNCASH's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Oceancash Pacific Berhad performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

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

-20.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OCNCASH has high quality earnings.

Growing Profit Margin: OCNCASH's current net profit margins (7%) are higher than last year (5.4%).

Past Earnings Growth Analysis

Earnings Trend: OCNCASH's earnings have declined by 20% per year over the past 5 years.

Accelerating Growth: OCNCASH's earnings growth over the past year (21.6%) exceeds its 5-year average (-20% per year).

Earnings vs Industry: OCNCASH earnings growth over the past year (21.6%) exceeded the Luxury industry 8.2%.

Return on Equity

High ROE: OCNCASH's Return on Equity (4.7%) is considered low.

Financial Health

How is Oceancash Pacific 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: OCNCASH's short term assets (MYR59.1M) exceed its short term liabilities (MYR15.7M).

Long Term Liabilities: OCNCASH's short term assets (MYR59.1M) exceed its long term liabilities (MYR10.1M).

Debt to Equity History and Analysis

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

Reducing Debt: OCNCASH's debt to equity ratio has reduced from 27.2% to 11.4% over the past 5 years.

Debt Coverage: OCNCASH's debt is well covered by operating cash flow (66.7%).

Interest Coverage: OCNCASH's interest payments on its debt are well covered by EBIT (17.2x coverage).

Balance Sheet

Dividend

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

Dividend Score

4/6

Dividend Score 4/6

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

2.35%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OCNCASH's dividend (2.35%) is higher than the bottom 25% of dividend payers in the MY market (1.86%).

High Dividend: OCNCASH's dividend (2.35%) is low compared to the top 25% of dividend payers in the MY market (4.6%).

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.8%), OCNCASH's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26%), OCNCASH's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

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

13.0yrs

Average management tenure

CEO

Siew Tan (69 yo)

no data

Tenure

RM31,800

Compensation

Mr. Siew Chin Tan serves as the Managing Director, Chief Executive Officer and Executive Chairman of Oceancash Pacific Bhd. Mr. Tan joined Supreme Finance (M) Bhd in 1979. In 1982, he moved to a group of p...

CEO Compensation Analysis

Compensation vs Market: Siew's total compensation ($USD7.25K) is below average for companies of similar size in the MY market ($USD125.76K).

Compensation vs Earnings: Siew's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: OCNCASH's management team is seasoned and experienced (13 years average tenure).

Board Members

Experienced Board: OCNCASH's board of directors are considered experienced (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	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31