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MNRB

MNRB Holdings BerhadKLSE:MNRB Stock Report

Market Cap

RM994.5m

7D

-0.8%

1Y

46.8%

Updated

16 Oct, 2021

Data

Company Financials
MNRB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends3/6

MNRB Overview

MNRB Holdings Berhad, an investment holding company, engages in the general reinsurance, takaful, and retakaful businesses in Malaysia and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for MNRB Holdings Berhad
Historical stock prices
Current Share PriceRM1.27
52 Week HighRM0.82
52 Week LowRM1.47
Beta1.35
1 Month Change-1.55%
3 Month Change-0.78%
1 Year Change46.82%
3 Year Change24.51%
5 Year Change-41.02%
Change since IPO-55.70%

Recent News & Updates

Mar 15
Do Insiders Own Lots Of Shares In MNRB Holdings Berhad (KLSE:MNRB)?

Do Insiders Own Lots Of Shares In MNRB Holdings Berhad (KLSE:MNRB)?

If you want to know who really controls MNRB Holdings Berhad ( KLSE:MNRB ), then you'll have to look at the makeup of...

Shareholder Returns

MNRBMY InsuranceMY Market
7D-0.8%-0.3%2.1%
1Y46.8%2.5%8.9%

Return vs Industry: MNRB exceeded the MY Insurance industry which returned 2.5% over the past year.

Return vs Market: MNRB exceeded the MY Market which returned 8.9% over the past year.

Price Volatility

Is MNRB's price volatile compared to industry and market?
MNRB volatility
MNRB Beta1.35
Industry Beta0.72
Market Beta1

Stable Share Price: MNRB is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1972932Zaharudin Daudhttps://www.mnrb.com.my

MNRB Holdings Berhad, an investment holding company, engages in the general reinsurance, takaful, and retakaful businesses in Malaysia and internationally. It offers general reinsurance, and family and general retakaful services; family and investment-linked takaful products; and general takaful solutions comprising motor and non-motor general takaful protection products. MNRB Holdings Berhad distributes its products through agents, brokers, financial institutions, motor franchise holders, and co-operatives, as well as a digital platform.

MNRB Holdings Berhad Fundamentals Summary

How do MNRB Holdings Berhad's earnings and revenue compare to its market cap?
MNRB fundamental statistics
Market CapRM994.52m
Earnings (TTM)RM185.27m
Revenue (TTM)RM2.55b

5.4x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNRB income statement (TTM)
RevenueRM2.55b
Cost of RevenueRM2.01b
Gross ProfitRM537.51m
ExpensesRM352.24m
EarningsRM185.27m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin21.08%
Net Profit Margin7.27%
Debt/Equity Ratio12.9%

How did MNRB perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is MNRB Holdings Berhad undervalued compared to its fair value and its price relative to the market?

16.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MNRB (MYR1.27) is trading below our estimate of fair value (MYR1.52)

Significantly Below Fair Value: MNRB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MNRB is good value based on its PE Ratio (5.4x) compared to the MY Insurance industry average (12.1x).

PE vs Market: MNRB is good value based on its PE Ratio (5.4x) compared to the MY market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MNRB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MNRB is good value based on its PB Ratio (0.4x) compared to the MY Insurance industry average (0.6x).


Future Growth

How is MNRB Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.4%

Forecasted Insurance 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 MNRB Holdings 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.


Past Performance

How has MNRB Holdings Berhad performed over the past 5 years?

26.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNRB has high quality earnings.

Growing Profit Margin: MNRB's current net profit margins (7.3%) are higher than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: MNRB has become profitable over the past 5 years, growing earnings by 26% per year.

Accelerating Growth: MNRB's earnings growth over the past year (27.1%) exceeds its 5-year average (26% per year).

Earnings vs Industry: MNRB earnings growth over the past year (27.1%) exceeded the Insurance industry 6.5%.


Return on Equity

High ROE: MNRB's Return on Equity (7.5%) is considered low.


Financial Health

How is MNRB Holdings Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: MNRB's short term assets (MYR1.2B) exceed its short term liabilities (MYR477.7M).

Long Term Liabilities: MNRB's short term assets (MYR1.2B) do not cover its long term liabilities (MYR7.3B).


Debt to Equity History and Analysis

Debt Level: MNRB's debt to equity ratio (12.9%) is considered satisfactory.

Reducing Debt: MNRB's debt to equity ratio has reduced from 23.4% to 12.9% over the past 5 years.

Debt Coverage: MNRB's debt is not well covered by operating cash flow (7.4%).

Interest Coverage: MNRB's interest payments on its debt are well covered by EBIT (14.1x coverage).


Balance Sheet


Dividend

What is MNRB Holdings Berhad current dividend yield, its reliability and sustainability?

6.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MNRB's dividend (6.3%) is higher than the bottom 25% of dividend payers in the MY market (1.51%).

High Dividend: MNRB's dividend (6.3%) is in the top 25% of dividend payers in the MY market (4.12%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.6%), MNRB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Zaharudin Daud (55 yo)

0.92

Tenure

RM818,000

Compensation

Mr. Encik Zaharudin Daud serves as Non-Independent Executive Director at Malaysian Reinsurance Bhd. since November 23, 2020. He serves as President and Group Chief Executive Officer at MNRB Holdings Berhad...


CEO Compensation Analysis

Compensation vs Market: Zaharudin's total compensation ($USD196.71K) is about average for companies of similar size in the MY market ($USD182.07K).

Compensation vs Earnings: Insufficient data to compare Zaharudin's compensation with company performance.


Leadership Team

Experienced Management: MNRB's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: MNRB's board of directors are not considered experienced ( 1.7 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

MNRB Holdings Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: MNRB Holdings Berhad
  • Ticker: MNRB
  • Exchange: KLSE
  • Founded: 1972
  • Industry: Reinsurance
  • Sector: Insurance
  • Market Cap: RM994.520m
  • Shares outstanding: 783.09m
  • Website: https://www.mnrb.com.my

Number of Employees


Location

  • MNRB Holdings Berhad
  • Bangunan Malaysian Re
  • 12th Floor
  • Kuala Lumpur
  • 50490
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 11:03
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.