KOSSAN Stock Overview
Kossan Rubber Industries Bhd, an investment holding company, manufactures and sells latex disposable gloves in Malaysia and internationally.
Kossan Rubber Industries Bhd Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||RM1.04|
|52 Week High||RM2.73|
|52 Week Low||RM0.92|
|1 Month Change||0.97%|
|3 Month Change||-21.21%|
|1 Year Change||-54.98%|
|3 Year Change||-50.59%|
|5 Year Change||-38.82%|
|Change since IPO||1,457.52%|
Recent News & Updates
Why The 27% Return On Capital At Kossan Rubber Industries Bhd (KLSE:KOSSAN) Should Have Your Attention
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
|KOSSAN||MY Medical Equipment||MY Market|
Return vs Industry: KOSSAN exceeded the MY Medical Equipment industry which returned -73.4% over the past year.
Return vs Market: KOSSAN underperformed the MY Market which returned -11.4% over the past year.
|KOSSAN Average Weekly Movement||5.6%|
|Medical Equipment Industry Average Movement||6.1%|
|Market Average Movement||5.3%|
|10% most volatile stocks in MY Market||11.0%|
|10% least volatile stocks in MY Market||2.4%|
Stable Share Price: KOSSAN is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: KOSSAN's weekly volatility (6%) has been stable over the past year.
About the Company
Kossan Rubber Industries Bhd, an investment holding company, manufactures and sells latex disposable gloves in Malaysia and internationally. It operates through four segments: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The company offers engineered rubber products, including marine dock fenders, high damping rubber bearings, elastomeric bearings, expansion joints, panels and liners, and mechanical pot bearings, as well as floating slab track bearings, lateral bearings, and rubber wedges; EVA products primarily for the shoe industries; and custom extruded products and profiles, such as pressure sensor, solid and sponge, extruded, structural insulation, and insulator profiles for domestic, construction and civil engineering, electrical appliance, industrial, and automotive applications.
Kossan Rubber Industries Bhd Fundamentals Summary
|KOSSAN fundamental statistics|
Is KOSSAN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KOSSAN income statement (TTM)|
|Cost of Revenue||RM1.49b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.35|
|Net Profit Margin||25.36%|
How did KOSSAN perform over the long term?See historical performance and comparison
46.2%Current Dividend Yield
Is KOSSAN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KOSSAN?
Other financial metrics that can be useful for relative valuation.
|What is KOSSAN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does KOSSAN's PE Ratio compare to its peers?
|KOSSAN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SUPERMX Supermax Corporation Berhad
HARTA Hartalega Holdings Berhad
TOPGLOV Top Glove Corporation Bhd
COMFORT Comfort Gloves Berhad
KOSSAN Kossan Rubber Industries Bhd
Price-To-Earnings vs Peers: KOSSAN is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (7.1x).
Price to Earnings Ratio vs Industry
How does KOSSAN's PE Ratio compare vs other companies in the Asian Medical Equipment Industry?
Price-To-Earnings vs Industry: KOSSAN is good value based on its Price-To-Earnings Ratio (3x) compared to the Asian Medical Equipment industry average (19.5x)
Price to Earnings Ratio vs Fair Ratio
What is KOSSAN'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.
|Current PE Ratio||3x|
|Fair PE Ratio||9.9x|
Price-To-Earnings vs Fair Ratio: KOSSAN is good value based on its Price-To-Earnings Ratio (3x) compared to the estimated Fair Price-To-Earnings Ratio (9.9x).
Share Price vs Fair Value
What is the Fair Price of KOSSAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KOSSAN (MYR1.04) is trading above our estimate of fair value (MYR0.73)
Significantly Below Fair Value: KOSSAN is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Kossan Rubber Industries Bhd forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KOSSAN's earnings are forecast to decline over the next 3 years (-2% per year).
Earnings vs Market: KOSSAN's earnings are forecast to decline over the next 3 years (-2% per year).
High Growth Earnings: KOSSAN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KOSSAN's revenue (5.4% per year) is forecast to grow faster than the MY market (4.8% per year).
High Growth Revenue: KOSSAN's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KOSSAN's Return on Equity is forecast to be low in 3 years time (5.7%).
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How has Kossan Rubber Industries Bhd performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KOSSAN has high quality earnings.
Growing Profit Margin: KOSSAN's current net profit margins (25.4%) are lower than last year (44.4%).
Past Earnings Growth Analysis
Earnings Trend: KOSSAN's earnings have grown significantly by 57.5% per year over the past 5 years.
Accelerating Growth: KOSSAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KOSSAN had negative earnings growth (-70.5%) over the past year, making it difficult to compare to the Medical Equipment industry average (-78.4%).
Return on Equity
High ROE: KOSSAN's Return on Equity (22.7%) is considered high.
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How is Kossan Rubber Industries Bhd's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: KOSSAN's short term assets (MYR3.0B) exceed its short term liabilities (MYR442.5M).
Long Term Liabilities: KOSSAN's short term assets (MYR3.0B) exceed its long term liabilities (MYR171.0M).
Debt to Equity History and Analysis
Debt Level: KOSSAN has more cash than its total debt.
Reducing Debt: KOSSAN's debt to equity ratio has reduced from 24.7% to 5% over the past 5 years.
Debt Coverage: KOSSAN's debt is well covered by operating cash flow (763.1%).
Interest Coverage: KOSSAN earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Kossan Rubber Industries Bhd current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Kossan Rubber Industries Bhd Dividend Yield vs Market|
|Company (Kossan Rubber Industries Bhd)||46.2%|
|Market Bottom 25% (MY)||2.1%|
|Market Top 25% (MY)||5.3%|
|Industry Average (Medical Equipment)||1.7%|
|Analyst forecast in 3 Years (Kossan Rubber Industries Bhd)||3.5%|
Notable Dividend: KOSSAN's dividend (46.15%) is higher than the bottom 25% of dividend payers in the MY market (2.08%).
High Dividend: KOSSAN's dividend (46.15%) is in the top 25% of dividend payers in the MY market (5.21%)
Stability and Growth of Payments
Stable Dividend: KOSSAN's dividends per share have been stable in the past 10 years.
Growing Dividend: KOSSAN's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (69.4%), KOSSAN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (92.8%), KOSSAN's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kuang Lim (70 yo)
Dato’ Kuang Sia Lim, D.I.M.P. has been the Chief Executive Officer and Group Managing Director of Kossan Rubber Industries Bhd since February 22, 2002 and also serves as its Non-Independent Executive Direc...
Experienced Management: KOSSAN's management team is seasoned and experienced (5.6 years average tenure).
Experienced Board: KOSSAN's board of directors are considered experienced (9.1 years average tenure).
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Kossan Rubber Industries Bhd's employee growth, exchange listings and data sources
- Name: Kossan Rubber Industries Bhd
- Ticker: KOSSAN
- Exchange: KLSE
- Founded: 1979
- Industry: Health Care Supplies
- Sector: Healthcare
- Implied Market Cap: RM2.654b
- Shares outstanding: 2.55b
- Website: https://www.kossan.com.my
Number of Employees
- Kossan Rubber Industries Bhd
- Wisma Kossan
- Lot 782, Jalan Sungai Putus
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KOSSAN||KLSE (Bursa Malaysia)||Yes||Ordinary Shares||MY||MYR||May 1996|
|KSRB.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 1996|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
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.