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IOIC

IOI Corporation BerhadKLSE:IOICORP Stock Report

Market Cap

RM23.4b

7D

-0.5%

1Y

-15.7%

Updated

25 Sep, 2021

Data

Company Financials +
IOICORP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends3/6

IOICORP Overview

IOI Corporation Berhad, an investment holding company, engages in the plantation business in Malaysia, Europe, North America, Asia, and internationally.

IOI Corporation Berhad Competitors

Kuala Lumpur Kepong Berhad

KLSE:KLK

RM21.4b

Genting Plantations Berhad

KLSE:GENP

RM6.1b

United Plantations Berhad

KLSE:UTDPLT

RM5.6b

FGV Holdings Berhad

KLSE:FGV

RM4.9b

Price History & Performance

Summary of all time highs, changes and price drops for IOI Corporation Berhad
Historical stock prices
Current Share PriceRM3.75
52 Week HighRM3.54
52 Week LowRM4.64
Beta0.25
1 Month Change-8.09%
3 Month Change-1.83%
1 Year Change-15.73%
3 Year Change-17.40%
5 Year Change-15.73%
Change since IPO1,738.24%

Recent News & Updates

Shareholder Returns

IOICORPMY FoodMY Market
7D-0.5%-1.4%-0.7%
1Y-15.7%-9.5%5.8%

Return vs Industry: IOICORP underperformed the MY Food industry which returned -9.5% over the past year.

Return vs Market: IOICORP underperformed the MY Market which returned 5.8% over the past year.

Price Volatility

Is IOICORP's price volatile compared to industry and market?
IOICORP volatility
IOICORP Beta0.25
Industry Beta0.50
Market Beta1

Stable Share Price: IOICORP is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: IOICORP's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196930,000Yeow Chor Leehttps://www.ioigroup.com

IOI Corporation Berhad, an investment holding company, engages in the plantation business in Malaysia, Europe, North America, Asia, and internationally. The company operates through two segments, Plantation and Resource-Based Manufacturing. It cultivates oil palm, softwood timber, and rubber; refines and processes crude palm oil and palm kernel oil; and manufactures specialty oils and fats.

IOI Corporation Berhad Fundamentals Summary

How do IOI Corporation Berhad's earnings and revenue compare to its market cap?
IOICORP fundamental statistics
Market CapRM23.36b
Earnings (TTM)RM1.39b
Revenue (TTM)RM11.25b

16.8x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IOICORP income statement (TTM)
RevenueRM11.25b
Cost of RevenueRM8.94b
Gross ProfitRM2.31b
ExpensesRM917.60m
EarningsRM1.39b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.22
Gross Margin20.55%
Net Profit Margin12.39%
Debt/Equity Ratio47.4%

How did IOICORP perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

47%

Payout Ratio

Valuation

Is IOI Corporation Berhad undervalued compared to its fair value and its price relative to the market?

16.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IOICORP (MYR3.75) is trading above our estimate of fair value (MYR2.01)

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


Price To Earnings Ratio

PE vs Industry: IOICORP is poor value based on its PE Ratio (16.8x) compared to the MY Food industry average (14.5x).

PE vs Market: IOICORP is poor value based on its PE Ratio (16.8x) compared to the MY market (16x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IOICORP is overvalued based on its PB Ratio (2.3x) compared to the MY Food industry average (1x).


Future Growth

How is IOI Corporation Berhad forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

-8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IOICORP's earnings are forecast to decline over the next 3 years (-8.9% per year).

Earnings vs Market: IOICORP's earnings are forecast to decline over the next 3 years (-8.9% per year).

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

Revenue vs Market: IOICORP's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: IOICORP's revenue is forecast to decline over the next 3 years (-1.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IOICORP's Return on Equity is forecast to be low in 3 years time (9.7%).


Past Performance

How has IOI Corporation Berhad performed over the past 5 years?

0.07%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IOICORP has high quality earnings.

Growing Profit Margin: IOICORP's current net profit margins (12.4%) are higher than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: IOICORP's earnings have grown by 0.07% per year over the past 5 years.

Accelerating Growth: IOICORP's earnings growth over the past year (132%) exceeds its 5-year average (0.07% per year).

Earnings vs Industry: IOICORP earnings growth over the past year (132%) exceeded the Food industry 58.3%.


Return on Equity

High ROE: IOICORP's Return on Equity (13.7%) is considered low.


Financial Health

How is IOI Corporation Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: IOICORP's short term assets (MYR5.3B) exceed its short term liabilities (MYR5.0B).

Long Term Liabilities: IOICORP's short term assets (MYR5.3B) exceed its long term liabilities (MYR2.3B).


Debt to Equity History and Analysis

Debt Level: IOICORP's debt to equity ratio (47.4%) is considered high.

Reducing Debt: IOICORP's debt to equity ratio has reduced from 100.9% to 47.4% over the past 5 years.

Debt Coverage: IOICORP's debt is not well covered by operating cash flow (13.7%).

Interest Coverage: IOICORP's interest payments on its debt are well covered by EBIT (9.5x coverage).


Balance Sheet


Dividend

What is IOI Corporation Berhad current dividend yield, its reliability and sustainability?

3.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IOICORP's dividend (3.2%) is higher than the bottom 25% of dividend payers in the MY market (1.56%).

High Dividend: IOICORP's dividend (3.2%) is low compared to the top 25% of dividend payers in the MY market (4.17%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.2%), IOICORP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IOICORP's dividends in 3 years are forecast to be covered by earnings (57% payout ratio).


Next Steps

Management

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

6.2yrs

Average management tenure


CEO

Yeow Chor Lee (55 yo)

7.67yrs

Tenure

RM13,453,000

Compensation

Dato’ Yeow Chor Lee, DSAP, had been the Chief Executive Officer and Executive Director at IOI Corporation Berhad since January 08, 2014 and April 25,1996 respectively and has been its Group Managing Direct...


CEO Compensation Analysis

Compensation vs Market: Yeow Chor's total compensation ($USD3.21M) is above average for companies of similar size in the MY market ($USD1.04M).

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


Leadership Team

Experienced Management: IOICORP's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: IOICORP's board of directors are considered experienced (9.1 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

IOI Corporation Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: IOI Corporation Berhad
  • Ticker: IOICORP
  • Exchange: KLSE
  • Founded: 1969
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: RM23.355b
  • Shares outstanding: 6.23b
  • Website: https://www.ioigroup.com

Number of Employees


Location

  • IOI Corporation Berhad
  • IOI City Tower 2
  • Level 29
  • Putrajaya
  • Wilayah Persekutuan
  • 62502
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 11:02
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
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.