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MFLO

Malayan Flour Mills BerhadKLSE:MFLOUR Stock Report

Market Cap

RM622.0m

7D

-1.6%

1Y

-9.0%

Updated

03 Dec, 2021

Data

Company Financials +
MFLOUR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends2/6

MFLOUR Stock Overview

Malayan Flour Mills Berhad, together with its subsidiaries, engages in the flour and poultry businesses in Malaysia and Vietnam.

Price History & Performance

Summary of all time highs, changes and price drops for Malayan Flour Mills Berhad
Historical stock prices
Current Share PriceRM0.61
52 Week HighRM1.06
52 Week LowRM0.60
Beta1.23
1 Month Change-19.74%
3 Month Change-27.38%
1 Year Change-8.96%
3 Year Change-35.45%
5 Year Change-54.82%
Change since IPO-2.60%

Recent News & Updates

Nov 22
When Should You Buy Malayan Flour Mills Berhad (KLSE:MFLOUR)?

When Should You Buy Malayan Flour Mills Berhad (KLSE:MFLOUR)?

Malayan Flour Mills Berhad ( KLSE:MFLOUR ), is not the largest company out there, but it received a lot of attention...

Shareholder Returns

MFLOURMY FoodMY Market
7D-1.6%-0.1%-1.6%
1Y-9.0%-11.7%-5.6%

Return vs Industry: MFLOUR exceeded the MY Food industry which returned -11.7% over the past year.

Return vs Market: MFLOUR underperformed the MY Market which returned -5.6% over the past year.

Price Volatility

Is MFLOUR's price volatile compared to industry and market?
MFLOUR volatility
MFLOUR Average Weekly Movement4.8%
Food Industry Average Movement4.8%
Market Average Movement5.6%
10% most volatile stocks in MY Market11.9%
10% least volatile stocks in MY Market2.7%

Stable Share Price: MFLOUR is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MFLOUR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19612,917Wee Tehhttps://www.mfm.com.my

Malayan Flour Mills Berhad, together with its subsidiaries, engages in the flour and poultry businesses in Malaysia and Vietnam. It operates through Flour and Grains Trading, and Poultry Integration segments. The company’s Flour and Grains Trading segment is involved in milling and selling wheat flour; and trading in grains and other allied products.

Malayan Flour Mills Berhad Fundamentals Summary

How do Malayan Flour Mills Berhad's earnings and revenue compare to its market cap?
MFLOUR fundamental statistics
Market CapRM621.99m
Earnings (TTM)RM14.03m
Revenue (TTM)RM2.87b

44.4x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MFLOUR income statement (TTM)
RevenueRM2.87b
Cost of RevenueRM2.59b
Gross ProfitRM284.85m
ExpensesRM270.83m
EarningsRM14.03m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.014
Gross Margin9.92%
Net Profit Margin0.49%
Debt/Equity Ratio94.5%

How did MFLOUR perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

72%

Payout Ratio

Valuation

Is Malayan Flour Mills Berhad undervalued compared to its fair value and its price relative to the market?

44.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MFLOUR (MYR0.61) is trading above our estimate of fair value (MYR0.41)

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


Price To Earnings Ratio

PE vs Industry: MFLOUR is poor value based on its PE Ratio (44.4x) compared to the MY Food industry average (14.1x).

PE vs Market: MFLOUR is poor value based on its PE Ratio (44.4x) compared to the MY market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: MFLOUR is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: MFLOUR is good value based on its PB Ratio (0.5x) compared to the MY Food industry average (1x).


Future Growth

How is Malayan Flour Mills Berhad forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

51.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFLOUR's forecast earnings growth (51% per year) is above the savings rate (3.6%).

Earnings vs Market: MFLOUR's earnings (51% per year) are forecast to grow faster than the MY market (10.9% per year).

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

Revenue vs Market: MFLOUR's revenue is expected to decline over the next 3 years (-0.1% per year).

High Growth Revenue: MFLOUR's revenue is forecast to decline over the next 3 years (-0.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MFLOUR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Malayan Flour Mills Berhad performed over the past 5 years?

-21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MFLOUR has high quality earnings.

Growing Profit Margin: MFLOUR's current net profit margins (0.5%) are lower than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: MFLOUR's earnings have declined by 21.3% per year over the past 5 years.

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

Earnings vs Industry: MFLOUR had negative earnings growth (-76.1%) over the past year, making it difficult to compare to the Food industry average (48.1%).


Return on Equity

High ROE: MFLOUR's Return on Equity (2.6%) is considered low.


Financial Health

How is Malayan Flour Mills Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: MFLOUR's short term assets (MYR1.5B) exceed its short term liabilities (MYR1.2B).

Long Term Liabilities: MFLOUR's short term assets (MYR1.5B) exceed its long term liabilities (MYR194.1M).


Debt to Equity History and Analysis

Debt Level: MFLOUR's net debt to equity ratio (56.7%) is considered high.

Reducing Debt: MFLOUR's debt to equity ratio has reduced from 99.5% to 94.5% over the past 5 years.

Debt Coverage: MFLOUR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MFLOUR's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


Dividend

What is Malayan Flour Mills Berhad current dividend yield, its reliability and sustainability?

1.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MFLOUR's dividend (1.64%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.74%).

High Dividend: MFLOUR's dividend (1.64%) is low compared to the top 25% of dividend payers in the MY market (4.62%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.4%), MFLOUR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MFLOUR's dividends in 3 years are forecast to be well covered by earnings (34% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Wee Teh (68 yo)

no data

Tenure

RM2,566,000

Compensation

Mr. Wee Chye Teh serves as the Managing Director at Malayan Flour Mills Bhd and has been its Independent Non-Executive Director since June 19, 1989. Mr. Teh joined Malayan Flour Mills Berhad in 1976 as th...


CEO Compensation Analysis

Compensation vs Market: Wee's total compensation ($USD606.23K) is above average for companies of similar size in the MY market ($USD122.48K).

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


Leadership Team

Experienced Management: MFLOUR's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: MFLOUR's board of directors are considered experienced (7 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

Malayan Flour Mills Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Malayan Flour Mills Berhad
  • Ticker: MFLOUR
  • Exchange: KLSE
  • Founded: 1961
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: RM621.989m
  • Shares outstanding: 1.02b
  • Website: https://www.mfm.com.my

Number of Employees


Location

  • Malayan Flour Mills Berhad
  • Wisma MCA
  • 22nd Floor
  • Kuala Lumpur
  • Wilayah Persekutuan
  • 50450
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 11:02
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
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.