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RUBE

Rubberex Corporation (M) Berhad KLSE:RUBEREX Stock Report

Last Price

RM0.46

Market Cap

RM380.7m

7D

-4.2%

1Y

-42.9%

Updated

18 Aug, 2022

Data

Company Financials
RUBEREX fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

RUBEREX Stock Overview

Rubberex Corporation (M) Berhad, an investment holding company, manufactures and sells household and industrial rubber gloves in Malaysia, Hong Kong, Europe, and internationally.

Rubberex Corporation (M) Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rubberex Corporation (M) Berhad
Historical stock prices
Current Share PriceRM0.46
52 Week HighRM0.84
52 Week LowRM0.34
Beta0.85
1 Month Change-11.54%
3 Month Change-35.66%
1 Year Change-42.86%
3 Year Change184.54%
5 Year Change84.00%
Change since IPO-24.79%

Recent News & Updates

May 27
We Think Rubberex Corporation (M) Berhad (KLSE:RUBEREX) Might Have The DNA Of A Multi-Bagger

We Think Rubberex Corporation (M) Berhad (KLSE:RUBEREX) Might Have The DNA Of A Multi-Bagger

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...

Feb 26
Returns On Capital Are A Standout For Rubberex Corporation (M) Berhad (KLSE:RUBEREX)

Returns On Capital Are A Standout For Rubberex Corporation (M) Berhad (KLSE:RUBEREX)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...

Shareholder Returns

RUBEREXMY Household ProductsMY Market
7D-4.2%1.4%1.7%
1Y-42.9%-7.7%-4.0%

Return vs Industry: RUBEREX underperformed the MY Household Products industry which returned -7.7% over the past year.

Return vs Market: RUBEREX underperformed the MY Market which returned -4% over the past year.

Price Volatility

Is RUBEREX's price volatile compared to industry and market?
RUBEREX volatility
RUBEREX Average Weekly Movement6.4%
Household Products Industry Average Movement4.9%
Market Average Movement5.6%
10% most volatile stocks in MY Market11.8%
10% least volatile stocks in MY Market2.7%

Stable Share Price: RUBEREX is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: RUBEREX's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19871,002Chin Khoohttps://www.rubberex.com.my

Rubberex Corporation (M) Berhad, an investment holding company, manufactures and sells household and industrial rubber gloves in Malaysia, Hong Kong, Europe, and internationally. The company offers natural rubber, synthetic rubber, and nitrile disposable gloves for household, industrial, professional, and food handling applications. It is also involved in the trading of gloves, household and kitchen items, and personal protective products.

Rubberex Corporation (M) Berhad Fundamentals Summary

How do Rubberex Corporation (M) Berhad's earnings and revenue compare to its market cap?
RUBEREX fundamental statistics
Market CapRM380.67m
Earnings (TTM)RM101.72m
Revenue (TTM)RM392.01m

3.7x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RUBEREX income statement (TTM)
RevenueRM392.01m
Cost of RevenueRM139.36m
Gross ProfitRM252.65m
Other ExpensesRM150.93m
EarningsRM101.72m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin64.45%
Net Profit Margin25.95%
Debt/Equity Ratio0.2%

How did RUBEREX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is RUBEREX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RUBEREX?

Other financial metrics that can be useful for relative valuation.

RUBEREX 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/Revenue0.3x
Enterprise Value/EBITDA0.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

RUBEREX PE Ratio vs Peers
The above table shows the PE ratio for RUBEREX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average29.8x
NTPM NTPM Holdings Berhad
16.9x11.6%RM477.3m
NOVA Nova Wellness Group Berhad
16.3x14.3%RM306.8m
PZ PZ Cussons Nigeria
5.9xn/a₦33.7b
2222 NVC International Holdings
80.1xn/aHK$536.9m
RUBEREX Rubberex Corporation (M) Berhad
3.7xn/aRM380.7m

Price-To-Earnings vs Peers: RUBEREX is good value based on its Price-To-Earnings Ratio (3.7x) compared to the peer average (29.8x).


Price to Earnings Ratio vs Industry

How does RUBEREX's PE Ratio compare vs other companies in the Asian Household Products Industry?

Price-To-Earnings vs Industry: RUBEREX is good value based on its Price-To-Earnings Ratio (3.7x) compared to the Asian Household Products industry average (18.9x)


Price to Earnings Ratio vs Fair Ratio

What is RUBEREX'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.

RUBEREX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RUBEREX's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: RUBEREX (MYR0.46) is trading below our estimate of fair value (MYR2.07)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Rubberex Corporation (M) Berhad forecast to perform in the next 1 to 3 years based on estimates from 0 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


12.0%

Forecasted Household industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rubberex Corporation (M) Berhad has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Rubberex Corporation (M) Berhad is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Rubberex Corporation (M) Berhad performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


62.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RUBEREX has a high level of non-cash earnings.

Growing Profit Margin: RUBEREX's current net profit margins (25.9%) are lower than last year (39.7%).


Past Earnings Growth Analysis

Earnings Trend: RUBEREX's earnings have grown significantly by 62.5% per year over the past 5 years.

Accelerating Growth: RUBEREX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RUBEREX had negative earnings growth (-51.2%) over the past year, making it difficult to compare to the Household Products industry average (-14.1%).


Return on Equity

High ROE: RUBEREX's Return on Equity (16.9%) is considered low.


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Financial Health

How is Rubberex Corporation (M) 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: RUBEREX's short term assets (MYR430.4M) exceed its short term liabilities (MYR37.5M).

Long Term Liabilities: RUBEREX's short term assets (MYR430.4M) exceed its long term liabilities (MYR17.6M).


Debt to Equity History and Analysis

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

Reducing Debt: RUBEREX's debt to equity ratio has reduced from 30.3% to 0.2% over the past 5 years.

Debt Coverage: RUBEREX's debt is well covered by operating cash flow (5579.4%).

Interest Coverage: RUBEREX's interest payments on its debt are well covered by EBIT (2185.1x coverage).


Balance Sheet


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Dividend

What is Rubberex Corporation (M) Berhad current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


19.56%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate RUBEREX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RUBEREX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RUBEREX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RUBEREX's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: RUBEREX is not paying a notable dividend for the MY market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as RUBEREX has not reported any payouts.


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Management

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

3.4yrs

Average management tenure


CEO

Chin Khoo (63 yo)

9.08yrs

Tenure

RM1,094,919

Compensation

Mr. Chin Leng Khoo has been Group Managing Director and Director of Rubberex Corp. M Bhd since July 1, 2013 and served as its Financial Manager. Mr. Khoo is primarily responsible for the financial manageme...


CEO Compensation Analysis

Compensation vs Market: Chin's total compensation ($USD244.84K) is above average for companies of similar size in the MY market ($USD111.53K).

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


Leadership Team

Experienced Management: RUBEREX's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: RUBEREX's board of directors are not considered experienced ( 2.3 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

Rubberex Corporation (M) Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Rubberex Corporation (M) Berhad
  • Ticker: RUBEREX
  • Exchange: KLSE
  • Founded: 1987
  • Industry: Household Products
  • Sector: Household
  • Implied Market Cap: RM380.672m
  • Shares outstanding: 827.55m
  • Website: https://www.rubberex.com.my

Number of Employees


Location

  • Rubberex Corporation (M) Berhad
  • Lot 138201, Off 3/4 Mile
  • Jalan Bercham
  • Ipoh
  • Perak
  • 31400
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 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.