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SWKP

Sarawak Plantation Berhad KLSE:SWKPLNT Stock Report

Last Price

RM2.09

Market Cap

RM583.2m

7D

-2.8%

1Y

-0.5%

Updated

27 Jun, 2022

Data

Company Financials +
SWKPLNT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

SWKPLNT Stock Overview

Sarawak Plantation Berhad, an investment holding company, cultivates oil palm plantations in Malaysia.

Sarawak Plantation Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sarawak Plantation Berhad
Historical stock prices
Current Share PriceRM2.09
52 Week HighRM3.38
52 Week LowRM1.99
Beta0.37
1 Month Change-20.83%
3 Month Change-21.13%
1 Year Change-0.48%
3 Year Change27.44%
5 Year Change32.28%
Change since IPO-34.69%

Recent News & Updates

May 23
Sarawak Plantation Berhad (KLSE:SWKPLNT) Will Pay A Dividend Of RM0.05

Sarawak Plantation Berhad (KLSE:SWKPLNT) Will Pay A Dividend Of RM0.05

Sarawak Plantation Berhad ( KLSE:SWKPLNT ) has announced that it will pay a dividend of RM0.05 per share on the 24th of...

May 13
Returns on Capital Paint A Bright Future For Sarawak Plantation Berhad (KLSE:SWKPLNT)

Returns on Capital Paint A Bright Future For Sarawak Plantation Berhad (KLSE:SWKPLNT)

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

Shareholder Returns

SWKPLNTMY FoodMY Market
7D-2.8%-2.4%-1.2%
1Y-0.5%-1.8%-8.7%

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

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

Price Volatility

Is SWKPLNT's price volatile compared to industry and market?
SWKPLNT volatility
SWKPLNT Average Weekly Movement4.4%
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: SWKPLNT is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1997n/an/ahttps://spbgroup.com.my

Sarawak Plantation Berhad, an investment holding company, cultivates oil palm plantations in Malaysia. The company operates through three segments: Investment Holding, Oil Palm Operations, and Management Services and Rental. It is involved in processing oil palm into crude palm oil and palm kernel; processing fresh fruit bunches; the provision of management, marketing, agronomic, and consultancy services; and provision of cattle integration services.

Sarawak Plantation Berhad Fundamentals Summary

How do Sarawak Plantation Berhad's earnings and revenue compare to its market cap?
SWKPLNT fundamental statistics
Market CapRM583.18m
Earnings (TTM)RM147.39m
Revenue (TTM)RM828.88m

4.0x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SWKPLNT income statement (TTM)
RevenueRM828.88m
Cost of RevenueRM566.51m
Gross ProfitRM262.37m
Other ExpensesRM114.99m
EarningsRM147.39m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.53
Gross Margin31.65%
Net Profit Margin17.78%
Debt/Equity Ratio7.3%

How did SWKPLNT perform over the long term?

See historical performance and comparison

Dividends

9.6%

Current Dividend Yield

38%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SWKPLNT 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 SWKPLNT?

Other financial metrics that can be useful for relative valuation.

SWKPLNT 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/Revenue0.6x
Enterprise Value/EBITDA2.1x
PEG Ratio-0.1x

Price to Earnings Ratio vs Peers

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

SWKPLNT PE Ratio vs Peers
The above table shows the PE ratio for SWKPLNT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.7x
INNO Innoprise Plantations Berhad
6.3xn/aRM670.4m
THPLANT TH Plantations Berhad
7.1x-26.9%RM543.6m
PLS PLS Plantations Berhad
12.2xn/aRM371.7m
RSAWIT Rimbunan Sawit Berhad
45.2xn/aRM357.3m
SWKPLNT Sarawak Plantation Berhad
4x-30.4%RM583.2m

Price-To-Earnings vs Peers: SWKPLNT is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (17.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: SWKPLNT is good value based on its Price-To-Earnings Ratio (4x) compared to the MY Food industry average (12.2x)


Price to Earnings Ratio vs Fair Ratio

What is SWKPLNT'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.

SWKPLNT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4x
Fair PE Ratio8.3x

Price-To-Earnings vs Fair Ratio: SWKPLNT is good value based on its Price-To-Earnings Ratio (4x) compared to the estimated Fair Price-To-Earnings Ratio (8.3x).


Share Price vs Fair Value

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

Below Fair Value: SWKPLNT (MYR2.09) is trading below our estimate of fair value (MYR24.33)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Sarawak Plantation Berhad forecast to perform in the next 1 to 3 years based on estimates from 3 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


-30.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SWKPLNT's earnings are forecast to decline over the next 3 years (-30.4% per year).

Earnings vs Market: SWKPLNT's earnings are forecast to decline over the next 3 years (-30.4% per year).

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

Revenue vs Market: SWKPLNT's revenue is expected to decline over the next 3 years (-10.8% per year).

High Growth Revenue: SWKPLNT's revenue is forecast to decline over the next 3 years (-10.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SWKPLNT's Return on Equity is forecast to be low in 3 years time (9.9%).


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Past Performance

How has Sarawak Plantation Berhad performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


51.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SWKPLNT has high quality earnings.

Growing Profit Margin: SWKPLNT's current net profit margins (17.8%) are higher than last year (15.5%).


Past Earnings Growth Analysis

Earnings Trend: SWKPLNT's earnings have grown significantly by 51.7% per year over the past 5 years.

Accelerating Growth: SWKPLNT's earnings growth over the past year (85.7%) exceeds its 5-year average (51.7% per year).

Earnings vs Industry: SWKPLNT earnings growth over the past year (85.7%) exceeded the Food industry 35.1%.


Return on Equity

High ROE: SWKPLNT's Return on Equity (21.3%) is considered high.


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Financial Health

How is Sarawak Plantation 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: SWKPLNT's short term assets (MYR272.8M) exceed its short term liabilities (MYR137.7M).

Long Term Liabilities: SWKPLNT's short term assets (MYR272.8M) exceed its long term liabilities (MYR132.7M).


Debt to Equity History and Analysis

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

Reducing Debt: SWKPLNT's debt to equity ratio has reduced from 22.9% to 7.3% over the past 5 years.

Debt Coverage: SWKPLNT's debt is well covered by operating cash flow (341.6%).

Interest Coverage: SWKPLNT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


9.57%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SWKPLNT's dividend (9.57%) is higher than the bottom 25% of dividend payers in the MY market (2.15%).

High Dividend: SWKPLNT's dividend (9.57%) is in the top 25% of dividend payers in the MY market (4.94%)


Stability and Growth of Payments

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

Growing Dividend: SWKPLNT's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.9%), SWKPLNT's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (39%), SWKPLNT's dividend payments are well covered by cash flows.


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Management

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

6.2yrs

Average management tenure


CEO

Sarawak Plantation Berhad has no CEO, or we have no data on them.


Leadership Team

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


Board Members

Experienced Board: SWKPLNT's board of directors are considered experienced (3.8 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

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


Key Information

  • Name: Sarawak Plantation Berhad
  • Ticker: SWKPLNT
  • Exchange: KLSE
  • Founded: 1997
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: RM583.177m
  • Shares outstanding: 279.03m
  • Website: https://spbgroup.com.my

Number of Employees


Location

  • Sarawak Plantation Berhad
  • Wisma SPB
  • Lot 1174, Block 9
  • Miri
  • Sarawak
  • 98000
  • 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.