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ANNJ

Ann Joo Resources Berhad KLSE:ANNJOO Stock Report

Last Price

RM0.90

Market Cap

RM505.9m

7D

-6.8%

1Y

-62.1%

Updated

03 Oct, 2022

Data

Company Financials +
ANNJOO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

ANNJOO Stock Overview

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

Ann Joo Resources Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ann Joo Resources Berhad
Historical stock prices
Current Share PriceRM0.90
52 Week HighRM2.87
52 Week LowRM0.89
Beta2.17
1 Month Change-12.26%
3 Month Change-11.39%
1 Year Change-62.08%
3 Year Change-23.50%
5 Year Change-76.07%
Change since IPO-32.88%

Recent News & Updates

Aug 02
Returns On Capital Signal Difficult Times Ahead For Ann Joo Resources Berhad (KLSE:ANNJOO)

Returns On Capital Signal Difficult Times Ahead For Ann Joo Resources Berhad (KLSE:ANNJOO)

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...

Shareholder Returns

ANNJOOMY Metals and MiningMY Market
7D-6.8%-1.0%-2.0%
1Y-62.1%-24.5%-11.6%

Return vs Industry: ANNJOO underperformed the MY Metals and Mining industry which returned -24.5% over the past year.

Return vs Market: ANNJOO underperformed the MY Market which returned -11.6% over the past year.

Price Volatility

Is ANNJOO's price volatile compared to industry and market?
ANNJOO volatility
ANNJOO Average Weekly Movement5.7%
Metals and Mining Industry Average Movement5.7%
Market Average Movement5.3%
10% most volatile stocks in MY Market11.1%
10% least volatile stocks in MY Market2.5%

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

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

About the Company

FoundedEmployeesCEOWebsite
19461,988Hong 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 CapRM505.95m
Earnings (TTM)RM152.63m
Revenue (TTM)RM2.62b

3.3x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ANNJOO income statement (TTM)
RevenueRM2.62b
Cost of RevenueRM2.34b
Gross ProfitRM284.86m
Other ExpensesRM132.22m
EarningsRM152.63m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.27
Gross Margin10.86%
Net Profit Margin5.82%
Debt/Equity Ratio88.0%

How did ANNJOO perform over the long term?

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

Valuation

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

Valuation Score

3/6

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

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ANNJOO 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/Revenue0.6x
Enterprise Value/EBITDA7x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

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

ANNJOO PE Ratio vs Peers
The above table shows the PE ratio for ANNJOO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.6x
PANTECH Pantech Group Holdings Berhad
6.1x-2.0%RM505.1m
CSCSTEL CSC Steel Holdings Berhad
5.6x-6.9%RM439.5m
HIAPTEK Hiap Teck Venture Berhad
2.4x-17.9%RM365.9m
SSTEEL Southern Steel Berhad
4xn/aRM384.6m
ANNJOO Ann Joo Resources Berhad
3.3x-9.3%RM505.9m

Price-To-Earnings vs Peers: ANNJOO is good value based on its Price-To-Earnings Ratio (3.3x) compared to the peer average (4.6x).


Price to Earnings Ratio vs Industry

How does ANNJOO's PE Ratio compare vs other companies in the MY Metals and Mining Industry?

Price-To-Earnings vs Industry: ANNJOO is good value based on its Price-To-Earnings Ratio (3.3x) compared to the MY Metals and Mining industry average (4.6x)


Price to Earnings Ratio vs Fair Ratio

What is ANNJOO'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.

ANNJOO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.3x
Fair PE Ratio8.4x

Price-To-Earnings vs Fair Ratio: ANNJOO is good value based on its Price-To-Earnings Ratio (3.3x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).


Share Price vs Fair Value

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

Below Fair Value: ANNJOO (MYR0.9) is trading above our estimate of fair value (MYR0.57)

Significantly Below Fair Value: ANNJOO 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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Future Growth

How is Ann Joo Resources Berhad forecast to perform in the next 1 to 3 years based on estimates from 2 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


-9.3%

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 (-9.3% per year).

Earnings vs Market: ANNJOO's earnings are forecast to decline over the next 3 years (-9.3% 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 (-4.3% per year).

High Growth Revenue: ANNJOO's revenue is forecast to decline over the next 3 years (-4.3% 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 (9.8%).


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Past Performance

How has Ann Joo Resources 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


-9.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ANNJOO has a large one-off loss of MYR37.2M impacting its June 30 2022 financial results.

Growing Profit Margin: ANNJOO's current net profit margins (5.8%) are lower than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: ANNJOO's earnings have declined by 9.2% per year over the past 5 years.

Accelerating Growth: ANNJOO's earnings growth over the past year (5.6%) exceeds its 5-year average (-9.2% per year).

Earnings vs Industry: ANNJOO earnings growth over the past year (5.6%) underperformed the Metals and Mining industry 41.2%.


Return on Equity

High ROE: ANNJOO's Return on Equity (11%) is considered low.


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Financial Health

How is Ann Joo Resources Berhad's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ANNJOO's short term assets (MYR1.9B) exceed its short term liabilities (MYR1.4B).

Long Term Liabilities: ANNJOO's short term assets (MYR1.9B) exceed its long term liabilities (MYR59.5M).


Debt to Equity History and Analysis

Debt Level: ANNJOO's net debt to equity ratio (81.3%) is considered high.

Reducing Debt: ANNJOO's debt to equity ratio has increased from 83.2% to 88% over the past 5 years.

Debt Coverage: ANNJOO's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ANNJOO's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet


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Dividend

What is Ann Joo Resources 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


6.37%

Forecast Dividend Yield

Dividend Yield vs Market

Ann Joo Resources Berhad Dividend Yield vs Market
How does Ann Joo Resources Berhad dividend yield compare to the market?
SegmentDividend Yield
Company (Ann Joo Resources Berhad)0%
Market Bottom 25% (MY)2.1%
Market Top 25% (MY)5.3%
Industry Average (Metals and Mining)2.0%
Analyst forecast in 3 Years (Ann Joo Resources Berhad)6.4%

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

High Dividend: Unable to evaluate ANNJOO'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 ANNJOO's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


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Management

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

8.4yrs

Average management tenure


CEO

Hong Lim (47 yo)

19.75yrs

Tenure

RM97,000

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 (8.4 years average tenure).


Board Members

Experienced Board: ANNJOO's board of directors are seasoned and experienced ( 15.6 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

What is the ownership structure of ANNJOO?
Owner TypeNumber of SharesOwnership Percentage
State or Government3,050,0000.5%
Individual Insiders55,506,3649.9%
Institutions61,607,34311.0%
General Public98,683,45417.7%
Private Companies340,209,48260.9%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.


Top Shareholders

Top 25 shareholders own 79.02% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
35.64%
Ann Joo Corporation Sdn. Bhd.
199,229,032MYR178.3m0%no data
13.58%
Lim Seng Chee & Sons Sdn Bhd
75,929,600MYR68.0m0%no data
11.64%
LSQ & Sons Sdn Bhd
65,050,850MYR58.2m8.33%no data
3.33%
Lim Chee
18,600,000MYR16.6m0%no data
3.25%
Principal Global Investors, LLC
18,171,200MYR16.3m0%no data
2.04%
Manulife Asset Management Services Berhad
11,432,100MYR10.2m0%2.73%
1.16%
Seng Qwee Lim
6,510,000MYR5.8m2.84%no data
0.95%
Tokio Marine Asset Management Co., Ltd.
5,315,900MYR4.8m0%0.01%
0.91%
Chai Lee Yong
5,098,208MYR4.6m0%no data
0.9%
Kiam Lim
5,023,025MYR4.5m0%no data
0.75%
Hong Lim
4,174,900MYR3.7m9.15%no data
0.58%
Kian Wat Lim
3,219,981MYR2.9m0%no data
0.55%
Pertubuhan Keselamatan Sosial
3,050,000MYR2.7m0%no data
0.48%
Ka Huat Lim
2,690,000MYR2.4m0%no data
0.48%
Vel Nithiyananda
2,669,900MYR2.4m0%no data
0.42%
PMB Investment Berhad
2,349,200MYR2.1m0%0.41%
0.39%
Lembaga Tabung Haji, Endowment Arm
2,200,000MYR2.0m0%0.02%
0.31%
Dimensional Fund Advisors LP
1,757,343MYR1.6m0.01%no data
0.31%
Aun Lim
1,738,000MYR1.6m15.48%no data
0.29%
Citigroup Inc.,Banking and Securities Investments
1,611,700MYR1.4m0%no data
0.23%
Zurich Insurance Group AG, Asset Management Arm
1,306,900MYR1.2m0%no data
0.23%
JPMorgan Chase & Co, Brokerage and Securities Investments
1,290,471MYR1.2m0%no data
0.21%
UOB-OSK Asset Management Sdn. Bhd.
1,177,000MYR1.1m0%0.18%
0.2%
KAF Investment Funds Berhad
1,116,000MYR998.8k0%0.37%
0.19%
Leong Kiat Tan
1,050,000MYR939.8k0%no data

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
  • Implied Market Cap: RM505.946m
  • Shares outstanding: 559.06m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANNJOOKLSE (Bursa Malaysia)YesOrdinary SharesMYMYROct 1996
ANNJOO-PAKLSE (Bursa Malaysia)RCPS 30/11/24 MYR1.80MYMYRDec 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
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.