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SIME

Sime Darby Plantation BerhadKLSE:SIMEPLT Stock Report

Last Price

RM3.98

Market Cap

RM27.5b

7D

-1.5%

1Y

-20.1%

Updated

20 Jan, 2022

Data

Company Financials +
SIMEPLT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

SIMEPLT Stock Overview

Sime Darby Plantation Berhad operates as an integrated plantation company in Malaysian and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Sime Darby Plantation Berhad
Historical stock prices
Current Share PriceRM3.98
52 Week HighRM5.09
52 Week LowRM3.27
Beta0.44
1 Month Change9.64%
3 Month Change-7.01%
1 Year Change-20.08%
3 Year Change-22.72%
5 Year Changen/a
Change since IPO-20.56%

Recent News & Updates

Dec 22
Estimating The Intrinsic Value Of Sime Darby Plantation Berhad (KLSE:SIMEPLT)

Estimating The Intrinsic Value Of Sime Darby Plantation Berhad (KLSE:SIMEPLT)

Does the December share price for Sime Darby Plantation Berhad ( KLSE:SIMEPLT ) reflect what it's really worth? Today...

Nov 06
Is Sime Darby Plantation Berhad (KLSE:SIMEPLT) Using Too Much Debt?

Is Sime Darby Plantation Berhad (KLSE:SIMEPLT) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Oct 15
Returns At Sime Darby Plantation Berhad (KLSE:SIMEPLT) Are On The Way Up

Returns At Sime Darby Plantation Berhad (KLSE:SIMEPLT) Are On The Way Up

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...

Shareholder Returns

SIMEPLTMY FoodMY Market
7D-1.5%-1.2%-2.7%
1Y-20.1%-9.4%-4.5%

Return vs Industry: SIMEPLT underperformed the MY Food industry which returned -9.4% over the past year.

Return vs Market: SIMEPLT underperformed the MY Market which returned -4.5% over the past year.

Price Volatility

Is SIMEPLT's price volatile compared to industry and market?
SIMEPLT volatility
SIMEPLT Average Weekly Movement4.4%
Food Industry Average Movement4.5%
Market Average Movement5.4%
10% most volatile stocks in MY Market12.6%
10% least volatile stocks in MY Market2.7%

Stable Share Price: SIMEPLT is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SIMEPLT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200485,000Mohamad Helmy Bashahttps://www.simedarbyplantation.com

Sime Darby Plantation Berhad operates as an integrated plantation company in Malaysian and internationally. The company operates through Upstream Malaysia, Upstream Indonesia, Upstream Papua New Guinea and Solomon Islands, Downstream, and Other Operations segments. It is involved in the development, cultivation, and management of oil palm, rubber, and sugarcane plantation estates; milling of fresh fruit bunches into crude palm oil and palm kernel (PK); processing and sale of rubber and sugarcane; and cattle rearing and beef production activities.

Sime Darby Plantation Berhad Fundamentals Summary

How do Sime Darby Plantation Berhad's earnings and revenue compare to its market cap?
SIMEPLT fundamental statistics
Market CapRM27.52b
Earnings (TTM)RM2.23b
Revenue (TTM)RM16.78b

12.3x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIMEPLT income statement (TTM)
RevenueRM16.78b
Cost of RevenueRM13.56b
Gross ProfitRM3.22b
ExpensesRM993.62m
EarningsRM2.23b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.32
Gross Margin19.20%
Net Profit Margin13.28%
Debt/Equity Ratio41.3%

How did SIMEPLT perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

41%

Payout Ratio

Valuation

Is Sime Darby Plantation Berhad undervalued compared to its fair value and its price relative to the market?

9.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SIMEPLT (MYR3.98) is trading below our estimate of fair value (MYR4.39)

Significantly Below Fair Value: SIMEPLT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SIMEPLT is good value based on its PE Ratio (12.3x) compared to the MY Food industry average (13.6x).

PE vs Market: SIMEPLT is good value based on its PE Ratio (12.3x) compared to the MY market (15.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SIMEPLT is overvalued based on its PB Ratio (1.6x) compared to the MY Food industry average (1x).


Future Growth

How is Sime Darby Plantation Berhad forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

-27.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIMEPLT's earnings are forecast to decline over the next 3 years (-27.4% per year).

Earnings vs Market: SIMEPLT's earnings are forecast to decline over the next 3 years (-27.4% per year).

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

Revenue vs Market: SIMEPLT's revenue is expected to decline over the next 3 years (-4.9% per year).

High Growth Revenue: SIMEPLT's revenue is forecast to decline over the next 3 years (-4.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIMEPLT's Return on Equity is forecast to be low in 3 years time (8.7%).


Past Performance

How has Sime Darby Plantation Berhad performed over the past 5 years?

-31.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIMEPLT has high quality earnings.

Growing Profit Margin: SIMEPLT's current net profit margins (13.3%) are higher than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: SIMEPLT's earnings have declined by 31.4% per year over the past 5 years.

Accelerating Growth: SIMEPLT's earnings growth over the past year (143.1%) exceeds its 5-year average (-31.4% per year).

Earnings vs Industry: SIMEPLT earnings growth over the past year (143.1%) exceeded the Food industry 47.5%.


Return on Equity

High ROE: SIMEPLT's Return on Equity (13.6%) is considered low.


Financial Health

How is Sime Darby Plantation Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: SIMEPLT's short term assets (MYR7.4B) exceed its short term liabilities (MYR5.9B).

Long Term Liabilities: SIMEPLT's short term assets (MYR7.4B) do not cover its long term liabilities (MYR7.5B).


Debt to Equity History and Analysis

Debt Level: SIMEPLT's net debt to equity ratio (32.5%) is considered satisfactory.

Reducing Debt: SIMEPLT's debt to equity ratio has reduced from 106% to 41.3% over the past 5 years.

Debt Coverage: SIMEPLT's debt is well covered by operating cash flow (41.6%).

Interest Coverage: SIMEPLT's interest payments on its debt are well covered by EBIT (37.2x coverage).


Balance Sheet


Dividend

What is Sime Darby Plantation Berhad current dividend yield, its reliability and sustainability?

3.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SIMEPLT's dividend (3.97%) is higher than the bottom 25% of dividend payers in the MY market (1.69%).

High Dividend: SIMEPLT's dividend (3.97%) is low compared to the top 25% of dividend payers in the MY market (4.52%).


Stability and Growth of Payments

Stable Dividend: SIMEPLT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SIMEPLT's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.3%), SIMEPLT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIMEPLT's dividends in 3 years are forecast to be covered by earnings (56.6% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Mohamad Helmy Basha (54 yo)

2.5yrs

Tenure

Mr. Mohamad Helmy Othman Basha, FCCA has been Group Managing Director of Sime Darby Plantation Berhad since July 1, 2019 and serves as its Director since July 1, 2019. He serves as Director at Emery Oleoch...


Leadership Team

Experienced Management: SIMEPLT's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: SIMEPLT's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

Sime Darby Plantation Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Sime Darby Plantation Berhad
  • Ticker: SIMEPLT
  • Exchange: KLSE
  • Founded: 2004
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: RM27.525b
  • Shares outstanding: 6.92b
  • Website: https://www.simedarbyplantation.com

Number of Employees


Location

  • Sime Darby Plantation Berhad
  • Plantation Tower
  • Main Block, Level 3
  • Petaling Jaya
  • Selangor
  • 47301
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 11:02
End of Day Share Price2022/01/20 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.