company background image
CSCS

CSC Steel Holdings Berhad KLSE:CSCSTEL Stock Report

Last Price

RM1.17

Market Cap

RM432.1m

7D

-20.9%

1Y

-16.4%

Updated

26 Jun, 2022

Data

Company Financials +
CSCSTEL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends4/6

CSCSTEL Stock Overview

CSC Steel Holdings Berhad, an investment holding company, engages in the manufacturing and marketing of steel coils in Malaysia and the Asia Pacific.

CSC Steel Holdings Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CSC Steel Holdings Berhad
Historical stock prices
Current Share PriceRM1.17
52 Week HighRM1.79
52 Week LowRM1.14
Beta1.22
1 Month Change-27.78%
3 Month Change-28.66%
1 Year Change-16.43%
3 Year Change12.50%
5 Year Change-35.00%
Change since IPO-44.29%

Recent News & Updates

Jun 23
The Returns At CSC Steel Holdings Berhad (KLSE:CSCSTEL) Aren't Growing

The Returns At CSC Steel Holdings Berhad (KLSE:CSCSTEL) Aren't Growing

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

Shareholder Returns

CSCSTELMY Metals and MiningMY Market
7D-20.9%0.6%-1.2%
1Y-16.4%-2.7%-8.7%

Return vs Industry: CSCSTEL underperformed the MY Metals and Mining industry which returned -2.7% over the past year.

Return vs Market: CSCSTEL underperformed the MY Market which returned -8.7% over the past year.

Price Volatility

Is CSCSTEL's price volatile compared to industry and market?
CSCSTEL volatility
CSCSTEL Average Weekly Movement6.0%
Metals and Mining Industry Average Movement5.9%
Market Average Movement5.5%
10% most volatile stocks in MY Market11.5%
10% least volatile stocks in MY Market2.9%

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

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

About the Company

FoundedEmployeesCEOWebsite
2004676Ping-Tung Chiuhttps://www.cscmalaysia.com

CSC Steel Holdings Berhad, an investment holding company, engages in the manufacturing and marketing of steel coils in Malaysia and the Asia Pacific. It offers hot rolled pickled and oiled steel for underbodies, automotive wheels and inner parts, strapping, tubing, and racks; and cold rolled steel products for use in various industries, including automotive, home appliances, drum, pipe, tube, steel furniture, office equipment, etc., as well as base metal for coated steel products. The company also provides hot dipped galvanized steel under the Realzinc brand; pre-painted galvanized steel under the Realcolor brand for use in building materials comprising awning, roofing, cladding, wall panels, etc.; and medium and high carbon steel.

CSC Steel Holdings Berhad Fundamentals Summary

How do CSC Steel Holdings Berhad's earnings and revenue compare to its market cap?
CSCSTEL fundamental statistics
Market CapRM432.08m
Earnings (TTM)RM76.31m
Revenue (TTM)RM1.51b

5.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSCSTEL income statement (TTM)
RevenueRM1.51b
Cost of RevenueRM1.39b
Gross ProfitRM118.43m
Other ExpensesRM42.11m
EarningsRM76.31m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin7.83%
Net Profit Margin5.04%
Debt/Equity Ratio3.8%

How did CSCSTEL perform over the long term?

See historical performance and comparison

Dividends

12.0%

Current Dividend Yield

68%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CSCSTEL 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/Revenue0.1x
Enterprise Value/EBITDA2.1x
PEG Ratio-1x

Price to Earnings Ratio vs Peers

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

CSCSTEL PE Ratio vs Peers
The above table shows the PE ratio for CSCSTEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average3.7x
PANTECH Pantech Group Holdings Berhad
6.9x1.8%RM500.8m
HIAPTEK Hiap Teck Venture Berhad
2.2x-9.5%RM505.2m
ANNJOO Ann Joo Resources Berhad
2.7x-15.5%RM552.7m
CHOOBEE Choo Bee Metal Industries Berhad
2.7xn/aRM252.3m
CSCSTEL CSC Steel Holdings Berhad
5.7x-5.9%RM432.1m

Price-To-Earnings vs Peers: CSCSTEL is expensive based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (3.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: CSCSTEL is expensive based on its Price-To-Earnings Ratio (5.7x) compared to the MY Metals and Mining industry average (4.9x)


Price to Earnings Ratio vs Fair Ratio

What is CSCSTEL'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.

CSCSTEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ratio9.1x

Price-To-Earnings vs Fair Ratio: CSCSTEL is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).


Share Price vs Fair Value

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

Below Fair Value: CSCSTEL (MYR1.17) is trading below our estimate of fair value (MYR1.33)

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


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is CSC Steel Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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


-5.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSCSTEL's earnings are forecast to decline over the next 3 years (-5.9% per year).

Earnings vs Market: CSCSTEL's earnings are forecast to decline over the next 3 years (-5.9% per year).

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

Revenue vs Market: CSCSTEL's revenue is expected to decline over the next 3 years (-4.1% per year).

High Growth Revenue: CSCSTEL's revenue is forecast to decline over the next 3 years (-4.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CSCSTEL's Return on Equity is forecast to be low in 3 years time (6.9%).


Discover growth companies

Past Performance

How has CSC Steel Holdings Berhad performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CSCSTEL has high quality earnings.

Growing Profit Margin: CSCSTEL's current net profit margins (5%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: CSCSTEL's earnings have grown by 4.1% per year over the past 5 years.

Accelerating Growth: CSCSTEL's earnings growth over the past year (41.8%) exceeds its 5-year average (4.1% per year).

Earnings vs Industry: CSCSTEL earnings growth over the past year (41.8%) underperformed the Metals and Mining industry 126.2%.


Return on Equity

High ROE: CSCSTEL's Return on Equity (8.4%) is considered low.


Discover strong past performing companies

Financial Health

How is CSC Steel Holdings Berhad's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CSCSTEL's short term assets (MYR907.8M) exceed its short term liabilities (MYR153.2M).

Long Term Liabilities: CSCSTEL's short term assets (MYR907.8M) exceed its long term liabilities (MYR16.8M).


Debt to Equity History and Analysis

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

Reducing Debt: Insufficient data to determine if CSCSTEL's debt to equity ratio has reduced over the past 5 years.

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

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


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


11.97%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CSCSTEL's dividend (11.97%) is higher than the bottom 25% of dividend payers in the MY market (2.15%).

High Dividend: CSCSTEL's dividend (11.97%) is in the top 25% of dividend payers in the MY market (4.94%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (67.7%), CSCSTEL's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: CSCSTEL is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

0.8yrs

Average management tenure


CEO

Ping-Tung Chiu (60 yo)

1

Tenure

Mr. Ping-Tung Chiu serves as Group Managing Director and Executive Director of CSC Steel Holdings Berhad since June 1, 2021. He has experience in the steel manufacturing industries. He joined China Steel C...


Leadership Team

Experienced Management: CSCSTEL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CSCSTEL's board of directors are not considered experienced ( 2.6 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

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


Key Information

  • Name: CSC Steel Holdings Berhad
  • Ticker: CSCSTEL
  • Exchange: KLSE
  • Founded: 2004
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: RM432.081m
  • Shares outstanding: 369.30m
  • Website: https://www.cscmalaysia.com

Number of Employees


Location

  • CSC Steel Holdings Berhad
  • 180 Kawasan Industri Ayer Keroh
  • Ayer Keroh
  • Melaka
  • 75450
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 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.