SMRT Holdings Berhad (KLSE:SMRT) - Share price, News & Analysis

SMRT fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	0/6

SMRT Stock Overview

SMRT Holdings Berhad, an investment holding company, provides various education and learning solutions primarily in Malaysia.

Rewards

Trading at 87.4% below our estimate of its fair value

Became profitable this year

Risk Analysis

Does not have a meaningful market cap (MYR49M)

SMRT Holdings Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SMRT Holdings Berhad
Historical stock prices
Current Share Price	RM0.11
52 Week High	RM0.17
52 Week Low	RM0.10
Beta	1.37
1 Month Change	-4.35%
3 Month Change	-12.00%
1 Year Change	-31.25%
3 Year Change	10.00%
5 Year Change	-43.59%
Change since IPO	-65.89%

Recent News & Updates

Nov 29

A Look At The Intrinsic Value Of SMRT Holdings Berhad (KLSE:SMRT)

How far off is SMRT Holdings Berhad ( KLSE:SMRT ) from its intrinsic value? Using the most recent financial data, we'll...

Shareholder Returns

	SMRT	MY Consumer Services	MY Market
7D	-4.3%	-1.9%	-0.8%
1Y	-31.3%	-23.2%	-4.5%

Return vs Industry: SMRT underperformed the MY Consumer Services industry which returned -24.5% over the past year.

Return vs Market: SMRT underperformed the MY Market which returned -4.1% over the past year.

Price Volatility

Is SMRT's price volatile compared to industry and market?
SMRT volatility
SMRT Average Weekly Movement	7.4%
Consumer Services Industry Average Movement	9.3%
Market Average Movement	5.8%
10% most volatile stocks in MY Market	11.9%
10% least volatile stocks in MY Market	3.0%

Stable Share Price: SMRT is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SMRT's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	n/a	Maha Palan Palan	https://www.smrt.holdings

SMRT Holdings Berhad, an investment holding company, provides various education and learning solutions primarily in Malaysia. The company operates in three segments: Education, Training, and Technology. The Education segment operates educational institutions, as well as offers education management services.

SMRT Holdings Berhad Fundamentals Summary

How do SMRT Holdings Berhad's earnings and revenue compare to its market cap?
SMRT fundamental statistics
Market Cap	RM48.98m
Earnings (TTM)	RM1.68m
Revenue (TTM)	RM160.04m

29.2x

P/E Ratio

0.3x

P/S Ratio

Is SMRT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMRT income statement (TTM)
Revenue	RM160.04m
Cost of Revenue	RM72.53m
Gross Profit	RM87.52m
Other Expenses	RM85.84m
Earnings	RM1.68m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.0038
Gross Margin	54.68%
Net Profit Margin	1.05%
Debt/Equity Ratio	9.5%

How did SMRT perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SMRT (MYR0.11) is trading below our estimate of fair value (MYR0.87)

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

Price To Earnings Ratio

PE vs Industry: SMRT is poor value based on its Price-To-Earnings Ratio (29.2x) compared to the Asian Consumer Services industry average (15.1x).

PE vs Market: SMRT is poor value based on its Price-To-Earnings Ratio (29.2x) compared to the MY market (15x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: SMRT is good value based on its Price-To-Book Ratio (0.4x) compared to the MY Consumer Services industry average (0.9x).

Future Growth

How is SMRT Holdings 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

35.2%

Forecasted Consumer Services 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 SMRT 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.

Past Performance

How has SMRT Holdings Berhad performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

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

-16.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SMRT has high quality earnings.

Growing Profit Margin: SMRT became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: SMRT has become profitable over the past 5 years, growing earnings by -16.3% per year.

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

Earnings vs Industry: SMRT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Services industry (19.9%).

Return on Equity

High ROE: SMRT's Return on Equity (4.6%) is considered low.

Financial Health

How is SMRT Holdings Berhad's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

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

Financial Position Analysis

Short Term Liabilities: SMRT's short term assets (MYR126.2M) exceed its short term liabilities (MYR89.2M).

Long Term Liabilities: SMRT's short term assets (MYR126.2M) do not cover its long term liabilities (MYR191.8M).

Debt to Equity History and Analysis

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

Reducing Debt: SMRT's debt to equity ratio has reduced from 115% to 9.5% over the past 5 years.

Debt Coverage: SMRT's debt is well covered by operating cash flow (230.2%).

Interest Coverage: SMRT's interest payments on its debt are not well covered by EBIT (1.5x coverage).

Balance Sheet

Dividend

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

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

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

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

Discover strong dividend paying companies

Management

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

4.3yrs

Average management tenure

CEO

Maha Palan Palan (26 yo)

0.50

Tenure

RM38,500

Compensation

Mr. Maha Ramanathan Palan, also known as Maha Palan serves as an Executive Director at SMRT Holdings Berhad since July 1, 2021 and serves as Group Managing Director since November 12, 2021. Mr. Palan had b...

Leadership Team

Experienced Management: SMRT's management team is considered experienced (4.3 years average tenure).

Board Members

Experienced Board: SMRT's board of directors are not considered experienced ( 2.3 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	2022/05/27 00:00
End of Day Share Price	2022/05/26 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31