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Dayang Enterprise Holdings Bhd

Market Cap

RM1.7b

Last Updated

2021/04/11 11:06 UTC

Data Sources

Company Financials +

Executive Summary

Dayang Enterprise Holdings Bhd, an investment holding company, provides offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services to the oil and gas companies in Malaysia. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

How has Dayang Enterprise Holdings Bhd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DAYANG is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: DAYANG's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-4.7%

DAYANG

-1.7%

MY Energy Services

1.3%

MY Market


1 Year Return

10.0%

DAYANG

10.8%

MY Energy Services

28.1%

MY Market

Return vs Industry: DAYANG matched the MY Energy Services industry which returned 10.8% over the past year.

Return vs Market: DAYANG underperformed the MY Market which returned 28.1% over the past year.


Shareholder returns

DAYANGIndustryMarket
7 Day-4.7%-1.7%1.3%
30 Day-8.3%-7.5%0.5%
90 Day24.3%1.0%3.6%
1 Year10.0%10.0%11.9%10.8%31.9%28.1%
3 Year84.4%75.5%-23.3%-25.3%0.4%-8.9%
5 Year49.0%7.5%-43.1%-45.2%13.2%-6.1%

Long-Term Price Volatility Vs. Market

How volatile is Dayang Enterprise Holdings Bhd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dayang Enterprise Holdings Bhd undervalued compared to its fair value and its price relative to the market?

35.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DAYANG (MYR1.43) is trading below our estimate of fair value (MYR2.21)

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


Price To Earnings Ratio

PE vs Industry: DAYANG is poor value based on its PE Ratio (26.4x) compared to the MY Energy Services industry average (19.7x).

PE vs Market: DAYANG is poor value based on its PE Ratio (26.4x) compared to the MY market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: DAYANG is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: DAYANG is overvalued based on its PB Ratio (1x) compared to the MY Energy Services industry average (0.8x).


Future Growth

How is Dayang Enterprise Holdings Bhd forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

37.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DAYANG's forecast earnings growth (37% per year) is above the savings rate (3.7%).

Earnings vs Market: DAYANG's earnings (37% per year) are forecast to grow faster than the MY market (16.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DAYANG's revenue (12.3% per year) is forecast to grow faster than the MY market (7.5% per year).

High Growth Revenue: DAYANG's revenue (12.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DAYANG's Return on Equity is forecast to be low in 3 years time (7.8%).


Past Performance

How has Dayang Enterprise Holdings Bhd performed over the past 5 years?

25.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DAYANG has high quality earnings.

Growing Profit Margin: DAYANG's current net profit margins (7.9%) are lower than last year (22.1%).


Past Earnings Growth Analysis

Earnings Trend: DAYANG's earnings have grown significantly by 25.2% per year over the past 5 years.

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

Earnings vs Industry: DAYANG had negative earnings growth (-75.1%) over the past year, making it difficult to compare to the Energy Services industry average (5.5%).


Return on Equity

High ROE: DAYANG's Return on Equity (1.9%) is considered low.


Financial Health

How is Dayang Enterprise Holdings Bhd's financial position?


Financial Position Analysis

Short Term Liabilities: DAYANG's short term assets (MYR756.4M) exceed its short term liabilities (MYR343.7M).

Long Term Liabilities: DAYANG's short term assets (MYR756.4M) exceed its long term liabilities (MYR603.5M).


Debt to Equity History and Analysis

Debt Level: DAYANG's debt to equity ratio (39%) is considered satisfactory.

Reducing Debt: DAYANG's debt to equity ratio has reduced from 125.5% to 39% over the past 5 years.

Debt Coverage: DAYANG's debt is well covered by operating cash flow (49%).

Interest Coverage: DAYANG's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


Dividend

What is Dayang Enterprise Holdings Bhd current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: DAYANG is not paying a notable dividend for the MY market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DAYANG's dividend in 3 years as they are not forecast to pay a notable one for the MY market.


Next Steps

Management

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

7.3yrs

Average board tenure


CEO

Yusof Bin Tengku Ahmad Shahruddin (57 yo)

13.17yrs

Tenure

RM385,000

Compensation

YM Tengku Dato' Yusof Bin Tengku Ahmad Shahruddin serves as Managing Director of Perdana Petroleum Berhad since August 18, 2020. He has been Executive Managing Director of Dayang Enterprise Holdings Berhad...


Board Members

Experienced Board: DAYANG's board of directors are considered experienced (7.3 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 been diluted in the past year, with total shares outstanding growing by 20%.


Top Shareholders

Company Information

Dayang Enterprise Holdings Bhd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dayang Enterprise Holdings Bhd
  • Ticker: DAYANG
  • Exchange: KLSE
  • Founded: 1980
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: RM1.656b
  • Shares outstanding: 1.16b
  • Website: https://www.desb.net

Number of Employees


Location

  • Dayang Enterprise Holdings Bhd
  • Sublot 5–10
  • Lot 46, Block 10
  • Miri
  • Sarawak
  • 98000
  • Malaysia

Listings


Biography

Dayang Enterprise Holdings Bhd, an investment holding company, provides offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services to the oil and gas co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 11:06
End of Day Share Price2021/04/09 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.