KLSE:TOPGLOV

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Top Glove Corporation Bhd

Market Cap

RM31.9b

Last Updated

2021/07/30 16:45 UTC

Data Sources

Company Financials +

Executive Summary

Top Glove Corporation Bhd., an investment holding company, researches, develops, manufactures, and trades in gloves and rubber goods in Malaysia. More Details


Snowflake Analysis

Outstanding track record with flawless balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Top Glove Corporation Bhd's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-3.9%

TOPGLOV

-6.5%

MY Medical Equipment

-1.0%

MY Market


1 Year Return

-53.9%

TOPGLOV

-60.3%

MY Medical Equipment

-0.7%

MY Market

Return vs Industry: TOPGLOV exceeded the MY Medical Equipment industry which returned -60.3% over the past year.

Return vs Market: TOPGLOV underperformed the MY Market which returned -0.7% over the past year.


Shareholder returns

TOPGLOVIndustryMarket
7 Day-3.9%-6.5%-1.0%
30 Day-2.2%-3.6%-0.4%
90 Day-29.6%-31.9%-5.9%
1 Year-47.9%-53.9%-57.5%-60.3%3.0%-0.7%
3 Year178.5%138.8%88.7%72.7%-2.8%-12.0%
5 Year540.9%427.2%341.7%288.8%9.8%-8.7%

Long-Term Price Volatility Vs. Market

How volatile is Top Glove Corporation Bhd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Top Glove Corporation Bhd undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TOPGLOV (MYR3.98) is trading below our estimate of fair value (MYR8.56)

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


Price To Earnings Ratio

PE vs Industry: TOPGLOV's PE Ratio (3.8x) is in line with the MY Medical Equipment industry average.

PE vs Market: TOPGLOV is good value based on its PE Ratio (3.8x) compared to the MY market (17.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TOPGLOV is overvalued based on its PB Ratio (3.9x) compared to the MY Medical Equipment industry average (2.6x).


Future Growth

How is Top Glove Corporation Bhd forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

-57.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOPGLOV's earnings are forecast to decline over the next 3 years (-57.6% per year).

Earnings vs Market: TOPGLOV's earnings are forecast to decline over the next 3 years (-57.6% per year).

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

Revenue vs Market: TOPGLOV's revenue is expected to decline over the next 3 years (-23.5% per year).

High Growth Revenue: TOPGLOV's revenue is forecast to decline over the next 3 years (-23.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TOPGLOV's Return on Equity is forecast to be high in 3 years time (25.3%)


Past Performance

How has Top Glove Corporation Bhd performed over the past 5 years?

71.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOPGLOV has high quality earnings.

Growing Profit Margin: TOPGLOV's current net profit margins (48.4%) are higher than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: TOPGLOV's earnings have grown significantly by 71.2% per year over the past 5 years.

Accelerating Growth: TOPGLOV's earnings growth over the past year (1164.1%) exceeds its 5-year average (71.2% per year).

Earnings vs Industry: TOPGLOV earnings growth over the past year (1164.1%) exceeded the Medical Equipment industry 41.4%.


Return on Equity

High ROE: TOPGLOV's Return on Equity (103.9%) is considered outstanding.


Financial Health

How is Top Glove Corporation Bhd's financial position?


Financial Position Analysis

Short Term Liabilities: TOPGLOV's short term assets (MYR7.1B) exceed its short term liabilities (MYR3.8B).

Long Term Liabilities: TOPGLOV's short term assets (MYR7.1B) exceed its long term liabilities (MYR314.8M).


Debt to Equity History and Analysis

Debt Level: TOPGLOV's debt to equity ratio (5.9%) is considered satisfactory.

Reducing Debt: TOPGLOV's debt to equity ratio has reduced from 23.2% to 5.9% over the past 5 years.

Debt Coverage: TOPGLOV's debt is well covered by operating cash flow (2190.3%).

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


Balance Sheet


Dividend

What is Top Glove Corporation Bhd current dividend yield, its reliability and sustainability?

18.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TOPGLOV's dividend (18.09%) is higher than the bottom 25% of dividend payers in the MY market (1.49%).

High Dividend: TOPGLOV's dividend (18.09%) is in the top 25% of dividend payers in the MY market (4.17%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.6%), TOPGLOV's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TOPGLOV's dividends in 3 years are forecast to be covered by earnings (55.1% payout ratio).


Next Steps

Management

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

12.3yrs

Average management tenure


CEO

Kim Meow Lee (62 yo)

12.25yrs

Tenure

RM130,000

Compensation

Mr. Kim Meow Lee has been the Managing Director of Top Glove Corporation Bhd. since April 7, 2009 and Medi-Flex Ltd. since March 15, 2007. Mr. Lee served as an Executive Officer of Top Glove Corporation Bh...


Leadership Team

Experienced Management: TOPGLOV's management team is seasoned and experienced (12.3 years average tenure).


Board Members

Experienced Board: TOPGLOV's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TOPGLOV insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Top Glove Corporation Bhd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Top Glove Corporation Bhd.
  • Ticker: TOPGLOV
  • Exchange: KLSE
  • Founded: 1991
  • Industry: Health Care Supplies
  • Sector: Healthcare
  • Market Cap: RM31.858b
  • Shares outstanding: 8.00b
  • Website: https://www.topglove.com

Number of Employees


Location

  • Top Glove Corporation Bhd.
  • Top Glove Tower
  • Level 21
  • Shah Alam
  • Selangor
  • 40170
  • Malaysia

Listings


Biography

Top Glove Corporation Bhd., an investment holding company, researches, develops, manufactures, and trades in gloves and rubber goods in Malaysia. The company offers medical examination, surgical, vinyl, an...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/30 16:45
End of Day Share Price2021/07/30 00:00
Earnings2021/05/31
Annual Earnings2020/08/31


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.