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HSPL

Hap Seng Plantations Holdings Berhad KLSE:HSPLANT Stock Report

Last Price

RM2.37

Market Cap

RM1.9b

7D

0.9%

1Y

31.7%

Updated

27 Jun, 2022

Data

Company Financials +
HSPLANT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

HSPLANT Stock Overview

Hap Seng Plantations Holdings Berhad, an investment holding company, operates as an oil palm plantation company in Malaysia.

Hap Seng Plantations Holdings Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hap Seng Plantations Holdings Berhad
Historical stock prices
Current Share PriceRM2.37
52 Week HighRM3.50
52 Week LowRM1.77
Beta0.60
1 Month Change-14.44%
3 Month Change-9.54%
1 Year Change31.67%
3 Year Change48.13%
5 Year Change-9.20%
Change since IPO-22.55%

Recent News & Updates

May 27
Analysts Just Shipped A Substantial Upgrade To Their Hap Seng Plantations Holdings Berhad (KLSE:HSPLANT) Estimates

Analysts Just Shipped A Substantial Upgrade To Their Hap Seng Plantations Holdings Berhad (KLSE:HSPLANT) Estimates

Celebrations may be in order for Hap Seng Plantations Holdings Berhad ( KLSE:HSPLANT ) shareholders, with the analysts...

Shareholder Returns

HSPLANTMY FoodMY Market
7D0.9%-2.4%-1.2%
1Y31.7%-1.8%-8.7%

Return vs Industry: HSPLANT exceeded the MY Food industry which returned -1.8% over the past year.

Return vs Market: HSPLANT exceeded the MY Market which returned -8.7% over the past year.

Price Volatility

Is HSPLANT's price volatile compared to industry and market?
HSPLANT volatility
HSPLANT Average Weekly Movement5.7%
Food Industry Average Movement5.0%
Market Average Movement5.5%
10% most volatile stocks in MY Market11.5%
10% least volatile stocks in MY Market2.9%

Stable Share Price: HSPLANT is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HSPLANT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19466,861Edward Leehttps://www.hapsengplantations.com.my

Hap Seng Plantations Holdings Berhad, an investment holding company, operates as an oil palm plantation company in Malaysia. The company engages in the cultivation of oil palm; and processing of fresh fruit bunches into crude palm oil. As of December 31, 2021, it had a total planted area of 35,434 hectares.

Hap Seng Plantations Holdings Berhad Fundamentals Summary

How do Hap Seng Plantations Holdings Berhad's earnings and revenue compare to its market cap?
HSPLANT fundamental statistics
Market CapRM1.86b
Earnings (TTM)RM296.32m
Revenue (TTM)RM791.68m

6.4x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HSPLANT income statement (TTM)
RevenueRM791.68m
Cost of RevenueRM373.08m
Gross ProfitRM418.61m
Other ExpensesRM122.29m
EarningsRM296.32m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.37
Gross Margin52.88%
Net Profit Margin37.43%
Debt/Equity Ratio0%

How did HSPLANT perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

46%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HSPLANT 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HSPLANT 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/Revenue1.9x
Enterprise Value/EBITDA3.6x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

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

HSPLANT PE Ratio vs Peers
The above table shows the PE ratio for HSPLANT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.8x
BPLANT Boustead Plantations Berhad
2.8x-71.5%RM1.9b
KMLOONG Kim Loong Resources Berhad
11.4x-23.6%RM1.5b
FAREAST Far East Holdings Berhad
10.9xn/aRM2.1b
TSH TSH Resources Berhad
6.3x-17.6%RM1.5b
HSPLANT Hap Seng Plantations Holdings Berhad
6.4x-35.9%RM1.9b

Price-To-Earnings vs Peers: HSPLANT is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (7.8x).


Price to Earnings Ratio vs Industry

How does HSPLANT's PE Ratio compare vs other companies in the MY Food Industry?

Price-To-Earnings vs Industry: HSPLANT is good value based on its Price-To-Earnings Ratio (6.4x) compared to the MY Food industry average (12.2x)


Price to Earnings Ratio vs Fair Ratio

What is HSPLANT'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.

HSPLANT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.4x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: HSPLANT is good value based on its Price-To-Earnings Ratio (6.4x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).


Share Price vs Fair Value

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

Below Fair Value: HSPLANT (MYR2.37) is trading below our estimate of fair value (MYR3.52)

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


Price to Earnings Growth Ratio

PEG Ratio: HSPLANT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Hap Seng Plantations Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 7 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


-35.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HSPLANT's earnings are forecast to decline over the next 3 years (-35.9% per year).

Earnings vs Market: HSPLANT's earnings are forecast to decline over the next 3 years (-35.9% per year).

High Growth Earnings: HSPLANT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HSPLANT's revenue is expected to decline over the next 3 years (-17% per year).

High Growth Revenue: HSPLANT's revenue is forecast to decline over the next 3 years (-17% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HSPLANT's Return on Equity is forecast to be low in 3 years time (6.3%).


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Past Performance

How has Hap Seng Plantations Holdings Berhad performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HSPLANT has high quality earnings.

Growing Profit Margin: HSPLANT's current net profit margins (37.4%) are higher than last year (25.8%).


Past Earnings Growth Analysis

Earnings Trend: HSPLANT's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: HSPLANT's earnings growth over the past year (135.8%) exceeds its 5-year average (18.2% per year).

Earnings vs Industry: HSPLANT earnings growth over the past year (135.8%) exceeded the Food industry 35.1%.


Return on Equity

High ROE: HSPLANT's Return on Equity (15.9%) is considered low.


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Financial Health

How is Hap Seng Plantations Holdings 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: HSPLANT's short term assets (MYR619.7M) exceed its short term liabilities (MYR60.7M).

Long Term Liabilities: HSPLANT's short term assets (MYR619.7M) exceed its long term liabilities (MYR414.7M).


Debt to Equity History and Analysis

Debt Level: HSPLANT is debt free.

Reducing Debt: HSPLANT has not had any debt for past 5 years.

Debt Coverage: HSPLANT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HSPLANT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Hap Seng Plantations Holdings 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


7.17%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HSPLANT's dividend (7.17%) is higher than the bottom 25% of dividend payers in the MY market (2.15%).

High Dividend: HSPLANT's dividend (7.17%) is in the top 25% of dividend payers in the MY market (4.94%)


Stability and Growth of Payments

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

Growing Dividend: HSPLANT's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.9%), HSPLANT's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (66.2%), HSPLANT's dividend payments are covered by cash flows.


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Management

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

5.6yrs

Average board tenure


CEO

Edward Lee (66 yo)

14.75yrs

Tenure

RM874,000

Compensation

Datuk-Ming Foo Lee, also known as Edward, JP, has been the Managing Director of Hap Seng Consolidated Berhad (“HSCB”) since March 31, 2005. Datuk Lee has been the Managing Director of Hap Seng Plantations...


CEO Compensation Analysis

Compensation vs Market: Edward's total compensation ($USD198.68K) is below average for companies of similar size in the MY market ($USD333.71K).

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


Board Members

Experienced Board: HSPLANT's board of directors are considered experienced (5.6 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

Hap Seng Plantations Holdings Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Hap Seng Plantations Holdings Berhad
  • Ticker: HSPLANT
  • Exchange: KLSE
  • Founded: 1946
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: RM1.855b
  • Shares outstanding: 799.69m
  • Website: https://www.hapsengplantations.com.my

Number of Employees


Location

  • Hap Seng Plantations Holdings Berhad
  • Menara Hap Seng
  • 21st Floor
  • Kuala Lumpur
  • Wilayah Persekutuan
  • 50250
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.