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HIBI

Hibiscus Petroleum Berhad KLSE:HIBISCS Stock Report

Last Price

RM0.85

Market Cap

RM1.7b

7D

3.0%

1Y

36.0%

Updated

15 Aug, 2022

Data

Company Financials +
HIBISCS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends3/6

HIBISCS Stock Overview

Hibiscus Petroleum Berhad, an investment holding company, explores for, develops, and produces oil and gas.

Hibiscus Petroleum Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hibiscus Petroleum Berhad
Historical stock prices
Current Share PriceRM0.85
52 Week HighRM1.51
52 Week LowRM0.60
Beta1.76
1 Month Change3.66%
3 Month Change-42.18%
1 Year Change36.00%
3 Year Change-14.14%
5 Year Change91.01%
Change since IPO60.38%

Recent News & Updates

Jun 22
Hibiscus Petroleum Berhad (KLSE:HIBISCS) Is Looking To Continue Growing Its Returns On Capital

Hibiscus Petroleum Berhad (KLSE:HIBISCS) Is Looking To Continue Growing Its Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

May 27
Is There An Opportunity With Hibiscus Petroleum Berhad's (KLSE:HIBISCS) 48% Undervaluation?

Is There An Opportunity With Hibiscus Petroleum Berhad's (KLSE:HIBISCS) 48% Undervaluation?

In this article we are going to estimate the intrinsic value of Hibiscus Petroleum Berhad ( KLSE:HIBISCS ) by taking...

Shareholder Returns

HIBISCSMY Oil and GasMY Market
7D3.0%-1.0%0.2%
1Y36.0%17.1%-3.5%

Return vs Industry: HIBISCS exceeded the MY Oil and Gas industry which returned 17.1% over the past year.

Return vs Market: HIBISCS exceeded the MY Market which returned -3.5% over the past year.

Price Volatility

Is HIBISCS's price volatile compared to industry and market?
HIBISCS volatility
HIBISCS Average Weekly Movement8.0%
Oil and Gas Industry Average Movement6.8%
Market Average Movement5.5%
10% most volatile stocks in MY Market11.7%
10% least volatile stocks in MY Market2.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
2007n/aKenneth Pereirahttps://www.hibiscuspetroleum.com

Hibiscus Petroleum Berhad, an investment holding company, explores for, develops, and produces oil and gas. The company operates through North Sabah; Anasuria Hibiscus; Bass Strait Cluster; and Investment Holding and Group Activities segments. It holds interests in the North Sabah enhanced oil recovery production sharing contract producing fields located in Offshore Sabah, Malaysia.

Hibiscus Petroleum Berhad Fundamentals Summary

How do Hibiscus Petroleum Berhad's earnings and revenue compare to its market cap?
HIBISCS fundamental statistics
Market CapRM1.72b
Earnings (TTM)RM447.15m
Revenue (TTM)RM1.08b

3.8x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIBISCS income statement (TTM)
RevenueRM1.08b
Cost of RevenueRM298.27m
Gross ProfitRM782.91m
Other ExpensesRM335.76m
EarningsRM447.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.22
Gross Margin72.41%
Net Profit Margin41.36%
Debt/Equity Ratio0.01%

How did HIBISCS perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

9%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HIBISCS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HIBISCS?

Other financial metrics that can be useful for relative valuation.

HIBISCS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA3.5x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does HIBISCS's PE Ratio compare to its peers?

HIBISCS PE Ratio vs Peers
The above table shows the PE ratio for HIBISCS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.6x
HENGYUAN Hengyuan Refining Company Berhad
10.8xn/aRM1.3b
PETRONM Petron Malaysia Refining & Marketing Bhd
5.1xn/aRM1.3b
ARMADA Bumi Armada Berhad
3.1x2.7%RM2.2b
KUB KUB Malaysia Berhad
3.1xn/aRM320.0m
HIBISCS Hibiscus Petroleum Berhad
3.8x18.3%RM1.7b

Price-To-Earnings vs Peers: HIBISCS is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (5.6x).


Price to Earnings Ratio vs Industry

How does HIBISCS's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?

Price-To-Earnings vs Industry: HIBISCS is good value based on its Price-To-Earnings Ratio (3.8x) compared to the MY Oil and Gas industry average (11x)


Price to Earnings Ratio vs Fair Ratio

What is HIBISCS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HIBISCS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.8x
Fair PE Ratio13.9x

Price-To-Earnings vs Fair Ratio: HIBISCS is good value based on its Price-To-Earnings Ratio (3.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).


Share Price vs Fair Value

What is the Fair Price of HIBISCS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HIBISCS (MYR0.85) is trading below our estimate of fair value (MYR2.54)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Hibiscus Petroleum Berhad forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIBISCS's forecast earnings growth (18.3% per year) is above the savings rate (3.6%).

Earnings vs Market: HIBISCS's earnings (18.3% per year) are forecast to grow faster than the MY market (10.5% per year).

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

Revenue vs Market: HIBISCS's revenue (19.5% per year) is forecast to grow faster than the MY market (5.3% per year).

High Growth Revenue: HIBISCS's revenue (19.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HIBISCS's Return on Equity is forecast to be high in 3 years time (23.4%)


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Past Performance

How has Hibiscus Petroleum 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


-1.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HIBISCS has a large one-off gain of MYR317.5M impacting its March 31 2022 financial results.

Growing Profit Margin: HIBISCS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HIBISCS's earnings have declined by 1.8% per year over the past 5 years.

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

Earnings vs Industry: HIBISCS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (39.5%).


Return on Equity

High ROE: HIBISCS's Return on Equity (23.9%) is considered high.


Discover strong past performing companies

Financial Health

How is Hibiscus Petroleum 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: HIBISCS's short term assets (MYR993.5M) do not cover its short term liabilities (MYR1.3B).

Long Term Liabilities: HIBISCS's short term assets (MYR993.5M) do not cover its long term liabilities (MYR1.3B).


Debt to Equity History and Analysis

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

Reducing Debt: HIBISCS's debt to equity ratio has reduced from 0.05% to 0.01% over the past 5 years.

Debt Coverage: HIBISCS's debt is well covered by operating cash flow (329970.8%).

Interest Coverage: HIBISCS's interest payments on its debt are well covered by EBIT (13.1x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.35%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HIBISCS's dividend (2.35%) is higher than the bottom 25% of dividend payers in the MY market (2%).

High Dividend: HIBISCS's dividend (2.35%) is low compared to the top 25% of dividend payers in the MY market (4.87%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether HIBISCS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if HIBISCS's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (9%), HIBISCS's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (6.7%), HIBISCS's dividend payments are thoroughly covered by cash flows.


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Management

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

3.1yrs

Average management tenure


CEO

Kenneth Pereira (64 yo)

11.92yrs

Tenure

Dr. Kenneth Gerard Pereira has been Managing Director of Hibiscus Petroleum Berhad since September 13, 2010. Dr. Pereira served as an Executive Officer of Sapuracrest Petroleum Bhd. He served as Chief Fina...


Leadership Team

Experienced Management: HIBISCS's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: HIBISCS's board of directors are seasoned and experienced ( 11.1 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.


Top Shareholders

Company Information

Hibiscus Petroleum Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Hibiscus Petroleum Berhad
  • Ticker: HIBISCS
  • Exchange: KLSE
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: RM1.721b
  • Shares outstanding: 2.01b
  • Website: https://www.hibiscuspetroleum.com

Location

  • Hibiscus Petroleum Berhad
  • Syed Kechik Foundation Building
  • 2nd Floor
  • Kuala Lumpur
  • Wilayah Persekutuan
  • 59100
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


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.