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TSH

TSH Resources BerhadKLSE:TSH Stock Report

Market Cap

RM1.5b

7D

-3.5%

1Y

4.8%

Updated

25 Nov, 2021

Data

Company Financials +
TSH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends2/6

TSH Stock Overview

TSH Resources Berhad, an investment holding company, engages in the cultivating and processing of oil palm in Malaysia, Indonesia, Europe, the United States, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for TSH Resources Berhad
Historical stock prices
Current Share PriceRM1.10
52 Week HighRM1.29
52 Week LowRM0.98
Beta1.37
1 Month Change-5.98%
3 Month Change0.92%
1 Year Change4.76%
3 Year Change10.00%
5 Year Change-42.41%
Change since IPO346.14%

Recent News & Updates

May 28
TSH Resources Berhad's (KLSE:TSH) Returns On Capital Tell Us There Is Reason To Feel Uneasy

TSH Resources Berhad's (KLSE:TSH) Returns On Capital Tell Us There Is Reason To Feel Uneasy

What financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...

Apr 13
Calculating The Fair Value Of TSH Resources Berhad (KLSE:TSH)

Calculating The Fair Value Of TSH Resources Berhad (KLSE:TSH)

Does the April share price for TSH Resources Berhad ( KLSE:TSH ) reflect what it's really worth? Today, we will...

Shareholder Returns

TSHMY FoodMY Market
7D-3.5%-0.07%-0.4%
1Y4.8%-10.3%-0.5%

Return vs Industry: TSH exceeded the MY Food industry which returned -10.3% over the past year.

Return vs Market: TSH exceeded the MY Market which returned -0.5% over the past year.

Price Volatility

Is TSH's price volatile compared to industry and market?
TSH volatility
TSH Average Weekly Movement3.7%
Food Industry Average Movement4.8%
Market Average Movement5.5%
10% most volatile stocks in MY Market12.1%
10% least volatile stocks in MY Market2.6%

Stable Share Price: TSH is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1979n/aAik Tanhttps://www.tsh.com.my

TSH Resources Berhad, an investment holding company, engages in the cultivating and processing of oil palm in Malaysia, Indonesia, Europe, the United States, and internationally. The company operates through two segments, Palm Products and Others. The Palm Products segment operates oil palm plantations; and manufactures and sells crude palm oil and palm kernel.

TSH Resources Berhad Fundamentals Summary

How do TSH Resources Berhad's earnings and revenue compare to its market cap?
TSH fundamental statistics
Market CapRM1.52b
Earnings (TTM)RM121.54m
Revenue (TTM)RM957.32m

12.5x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TSH income statement (TTM)
RevenueRM957.32m
Cost of RevenueRM593.70m
Gross ProfitRM363.62m
ExpensesRM242.08m
EarningsRM121.54m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.088
Gross Margin37.98%
Net Profit Margin12.70%
Debt/Equity Ratio64.0%

How did TSH perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is TSH Resources Berhad undervalued compared to its fair value and its price relative to the market?

35.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TSH (MYR1.1) is trading below our estimate of fair value (MYR1.71)

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


Price To Earnings Ratio

PE vs Industry: TSH is good value based on its PE Ratio (12.5x) compared to the MY Food industry average (13.1x).

PE vs Market: TSH is good value based on its PE Ratio (12.5x) compared to the MY market (15.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TSH's PB Ratio (1x) is in line with the MY Food industry average.


Future Growth

How is TSH Resources Berhad forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-22.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TSH's earnings are forecast to decline over the next 3 years (-22% per year).

Earnings vs Market: TSH's earnings are forecast to decline over the next 3 years (-22% per year).

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

Revenue vs Market: TSH's revenue is expected to decline over the next 3 years (-3.5% per year).

High Growth Revenue: TSH's revenue is forecast to decline over the next 3 years (-3.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TSH's Return on Equity is forecast to be low in 3 years time (6.1%).


Past Performance

How has TSH Resources Berhad performed over the past 5 years?

13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSH has high quality earnings.

Growing Profit Margin: TSH's current net profit margins (12.7%) are higher than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: TSH's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: TSH's earnings growth over the past year (96.7%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: TSH earnings growth over the past year (96.7%) exceeded the Food industry 51.4%.


Return on Equity

High ROE: TSH's Return on Equity (8.3%) is considered low.


Financial Health

How is TSH Resources Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: TSH's short term assets (MYR570.1M) do not cover its short term liabilities (MYR734.2M).

Long Term Liabilities: TSH's short term assets (MYR570.1M) do not cover its long term liabilities (MYR717.2M).


Debt to Equity History and Analysis

Debt Level: TSH's net debt to equity ratio (53.9%) is considered high.

Reducing Debt: TSH's debt to equity ratio has reduced from 91.9% to 64% over the past 5 years.

Debt Coverage: TSH's debt is well covered by operating cash flow (31.1%).

Interest Coverage: TSH's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Dividend

What is TSH Resources Berhad current dividend yield, its reliability and sustainability?

1.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TSH's dividend (1.36%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.6%).

High Dividend: TSH's dividend (1.36%) is low compared to the top 25% of dividend payers in the MY market (4.31%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17%), TSH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TSH's dividends in 3 years are forecast to be well covered by earnings (27.9% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Aik Tan (57 yo)

12.83yrs

Tenure

RM3,299,233

Compensation

Mr. Aik Sim Tan, DIMP, has been Group Managing Director of Ekowood International Bhd since February, 2009. Mr. Tan serves as the Chief Executive Officer of TSH Ekowood Sdn. Bhd.Mr. Tan has been Group Mana...


CEO Compensation Analysis

Compensation vs Market: Aik's total compensation ($USD783.24K) is above average for companies of similar size in the MY market ($USD266.22K).

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


Leadership Team

Experienced Management: TSH's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: TSH's board of directors are considered experienced (8.8 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

TSH Resources Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: TSH Resources Berhad
  • Ticker: TSH
  • Exchange: KLSE
  • Founded: 1979
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: RM1.518b
  • Shares outstanding: 1.38b
  • Website: https://www.tsh.com.my

Number of Employees


Location

  • TSH Resources Berhad
  • Bangunan TSH
  • TB 9, KM 7
  • Tawau
  • Sabah
  • 91000
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/25 16:03
End of Day Share Price2021/11/25 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.