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ANNJ

Ann Joo Resources BerhadKLSE:ANNJOO Stock Report

Market Cap

RM1.3b

7D

-10.6%

1Y

275.4%

Updated

24 Sep, 2021

Data

Company Financials +
ANNJOO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends3/6

ANNJOO Overview

Ann Joo Resources Berhad, an investment holding company, manufactures and trades in iron, steel, and steel related products in Malaysia and Singapore.

Price History & Performance

Summary of all time highs, changes and price drops for Ann Joo Resources Berhad
Historical stock prices
Current Share PriceRM2.44
52 Week HighRM0.56
52 Week LowRM3.18
Beta2.15
1 Month Change13.49%
3 Month Change20.20%
1 Year Change275.39%
3 Year Change37.85%
5 Year Change17.87%
Change since IPO83.00%

Recent News & Updates

Shareholder Returns

ANNJOOMY Metals and MiningMY Market
7D-10.6%0.6%-0.7%
1Y275.4%135.3%6.2%

Return vs Industry: ANNJOO exceeded the MY Metals and Mining industry which returned 135.3% over the past year.

Return vs Market: ANNJOO exceeded the MY Market which returned 6.2% over the past year.

Price Volatility

Is ANNJOO's price volatile compared to industry and market?
ANNJOO volatility
ANNJOO Beta2.15
Industry Beta1.19
Market Beta1

Stable Share Price: ANNJOO is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ANNJOO's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19462,029Hong Limhttps://www.annjoo.com.my

Ann Joo Resources Berhad, an investment holding company, manufactures and trades in iron, steel, and steel related products in Malaysia and Singapore. It operates through Manufacturing Division; Trading Division; and Investment Holding, Property Management and Others segments. The company manufactures hot metal and pig iron products; granulated slag and blast furnace off-gas products; billets; mild steel round, yield deformed, and deformed reinforcing bars; wire rods; equal angle, angle, round, flat, square, and engineering round bars; and black shafts.

Ann Joo Resources Berhad Fundamentals Summary

How do Ann Joo Resources Berhad's earnings and revenue compare to its market cap?
ANNJOO fundamental statistics
Market CapRM1.32b
Earnings (TTM)RM144.61m
Revenue (TTM)RM2.35b

9.2x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ANNJOO income statement (TTM)
RevenueRM2.35b
Cost of RevenueRM2.03b
Gross ProfitRM318.66m
ExpensesRM174.05m
EarningsRM144.61m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.27
Gross Margin13.56%
Net Profit Margin6.15%
Debt/Equity Ratio76.3%

How did ANNJOO perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

27%

Payout Ratio

Valuation

Is Ann Joo Resources Berhad 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: ANNJOO (MYR2.44) is trading below our estimate of fair value (MYR27.61)

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


Price To Earnings Ratio

PE vs Industry: ANNJOO is poor value based on its PE Ratio (9.2x) compared to the MY Metals and Mining industry average (8.7x).

PE vs Market: ANNJOO is good value based on its PE Ratio (9.2x) compared to the MY market (16.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ANNJOO is overvalued based on its PB Ratio (1x) compared to the MY Metals and Mining industry average (0.8x).


Future Growth

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

-8.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ANNJOO's earnings are forecast to decline over the next 3 years (-8.4% per year).

Earnings vs Market: ANNJOO's earnings are forecast to decline over the next 3 years (-8.4% per year).

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

Revenue vs Market: ANNJOO's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: ANNJOO's revenue is forecast to decline over the next 3 years (-0.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ANNJOO's Return on Equity is forecast to be low in 3 years time (13%).


Past Performance

How has Ann Joo Resources Berhad performed over the past 5 years?

-37.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANNJOO has high quality earnings.

Growing Profit Margin: ANNJOO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ANNJOO has become profitable over the past 5 years, growing earnings by -37.4% per year.

Accelerating Growth: ANNJOO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ANNJOO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (237.9%).


Return on Equity

High ROE: ANNJOO's Return on Equity (11.4%) is considered low.


Financial Health

How is Ann Joo Resources Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: ANNJOO's short term assets (MYR1.5B) exceed its short term liabilities (MYR1.1B).

Long Term Liabilities: ANNJOO's short term assets (MYR1.5B) exceed its long term liabilities (MYR67.8M).


Debt to Equity History and Analysis

Debt Level: ANNJOO's debt to equity ratio (76.3%) is considered high.

Reducing Debt: ANNJOO's debt to equity ratio has reduced from 84.4% to 76.3% over the past 5 years.

Debt Coverage: ANNJOO's debt is not well covered by operating cash flow (15.3%).

Interest Coverage: ANNJOO's interest payments on its debt are well covered by EBIT (8.9x coverage).


Balance Sheet


Dividend

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

2.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ANNJOO's dividend (2.46%) is higher than the bottom 25% of dividend payers in the MY market (1.55%).

High Dividend: ANNJOO's dividend (2.46%) is low compared to the top 25% of dividend payers in the MY market (4.17%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.1%), ANNJOO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ANNJOO's dividends in 3 years are forecast to be well covered by earnings (37% payout ratio).


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Hong Lim (46 yo)

13.25yrs

Tenure

RM102,000

Compensation

Mr. Hong Thye Lim serves as the Managing Director of Ann Joo Steel Berhad since June 30, 2008 and served as its President and Vice President of Finance and Investment. He serves as a Group Managing Directo...


Leadership Team

Experienced Management: ANNJOO's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: ANNJOO's board of directors are seasoned and experienced ( 13.3 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

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


Key Information

  • Name: Ann Joo Resources Berhad
  • Ticker: ANNJOO
  • Exchange: KLSE
  • Founded: 1946
  • Industry: Steel
  • Sector: Materials
  • Market Cap: RM1.324b
  • Shares outstanding: 542.63m
  • Website: https://www.annjoo.com.my

Number of Employees


Location

  • Ann Joo Resources Berhad
  • Wisma Ann Joo
  • Lot 19391
  • Petaling Jaya
  • Selangor
  • 46000
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 15:30
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
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.