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HEVE

HeveaBoard BerhadKLSE:HEVEA Stock Report

Market Cap

RM271.6m

7D

-3.0%

1Y

-1.0%

Updated

23 Oct, 2021

Data

Company Financials +
HEVEA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends0/6

HEVEA Overview

HeveaBoard Berhad, an investment holding company, manufactures, trades in, and distributes particleboards and particleboard-based products.

HeveaBoard Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for HeveaBoard Berhad
Historical stock prices
Current Share PriceRM0.48
52 Week HighRM0.43
52 Week LowRM0.83
Beta1.09
1 Month Change1.05%
3 Month Change3.23%
1 Year Change-1.03%
3 Year Change-38.85%
5 Year Change-65.22%
Change since IPO-20.00%

Recent News & Updates

Oct 12
HeveaBoard Berhad (KLSE:HEVEA) Has A Rock Solid Balance Sheet

HeveaBoard Berhad (KLSE:HEVEA) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Jun 22
HeveaBoard Berhad's (KLSE:HEVEA) CEO Might Not Expect Shareholders To Be So Generous This Year

HeveaBoard Berhad's (KLSE:HEVEA) CEO Might Not Expect Shareholders To Be So Generous This Year

Shareholders will probably not be too impressed with the underwhelming results at HeveaBoard Berhad ( KLSE:HEVEA...

Shareholder Returns

HEVEAMY ForestryMY Market
7D-3.0%-1.0%-0.4%
1Y-1.0%5.7%9.2%

Return vs Industry: HEVEA underperformed the MY Forestry industry which returned 5.7% over the past year.

Return vs Market: HEVEA underperformed the MY Market which returned 9.2% over the past year.

Price Volatility

Is HEVEA's price volatile compared to industry and market?
HEVEA volatility
HEVEA Beta1.09
Industry Beta1.02
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19932,323Hau Yoonghttps://www.heveaboard.com.my

HeveaBoard Berhad, an investment holding company, manufactures, trades in, and distributes particleboards and particleboard-based products. It also manufactures and trades in ready-to-assemble furniture. In addition, the company cultivates and trades in gourmet fungi; and trades in and distributes particleboard and wood panel related products.

HeveaBoard Berhad Fundamentals Summary

How do HeveaBoard Berhad's earnings and revenue compare to its market cap?
HEVEA fundamental statistics
Market CapRM271.62m
Earnings (TTM)RM14.11m
Revenue (TTM)RM424.99m

19.3x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HEVEA income statement (TTM)
RevenueRM424.99m
Cost of RevenueRM386.64m
Gross ProfitRM38.35m
ExpensesRM24.24m
EarningsRM14.11m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.025
Gross Margin9.02%
Net Profit Margin3.32%
Debt/Equity Ratio1.5%

How did HEVEA perform over the long term?

See historical performance and comparison

Valuation

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

19.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HEVEA (MYR0.48) is trading above our estimate of fair value (MYR0.14)

Significantly Below Fair Value: HEVEA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HEVEA is poor value based on its PE Ratio (19.3x) compared to the MY Forestry industry average (15.6x).

PE vs Market: HEVEA is poor value based on its PE Ratio (19.3x) compared to the MY market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: HEVEA is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: HEVEA's PB Ratio (0.6x) is in line with the MY Forestry industry average.


Future Growth

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

40.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEVEA's forecast earnings growth (40% per year) is above the savings rate (3.6%).

Earnings vs Market: HEVEA's earnings (40% per year) are forecast to grow faster than the MY market (10.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HEVEA's revenue (8.5% per year) is forecast to grow faster than the MY market (6.5% per year).

High Growth Revenue: HEVEA's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HEVEA's Return on Equity is forecast to be low in 3 years time (4.4%).


Past Performance

How has HeveaBoard Berhad performed over the past 5 years?

-45.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HEVEA has high quality earnings.

Growing Profit Margin: HEVEA's current net profit margins (3.3%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: HEVEA's earnings have declined by 45.7% per year over the past 5 years.

Accelerating Growth: HEVEA's earnings growth over the past year (64.7%) exceeds its 5-year average (-45.7% per year).

Earnings vs Industry: HEVEA earnings growth over the past year (64.7%) underperformed the Forestry industry 116.5%.


Return on Equity

High ROE: HEVEA's Return on Equity (3.4%) is considered low.


Financial Health

How is HeveaBoard Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: HEVEA's short term assets (MYR236.3M) exceed its short term liabilities (MYR55.9M).

Long Term Liabilities: HEVEA's short term assets (MYR236.3M) exceed its long term liabilities (MYR14.7M).


Debt to Equity History and Analysis

Debt Level: HEVEA's debt to equity ratio (1.5%) is considered satisfactory.

Reducing Debt: HEVEA's debt to equity ratio has reduced from 2% to 1.5% over the past 5 years.

Debt Coverage: HEVEA's debt is well covered by operating cash flow (347%).

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


Balance Sheet


Dividend

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

4.86%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: HEVEA is not paying a notable dividend for the MY market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HEVEA's dividend in 3 years as they are not forecast to pay a notable one for the MY market.


Next Steps

Management

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

9.3yrs

Average management tenure


CEO

Hau Yoong (45 yo)

9.33yrs

Tenure

RM1,382,000

Compensation

Mr. Yoong Hau Chun has been the Managing Director of HeveaBoard Bhd since June 6, 2012 and as its Executive Director since July 21, 2000. Mr. Yoong leads the engineering team in the existing plant and the...


CEO Compensation Analysis

Compensation vs Market: Hau's total compensation ($USD332.49K) is above average for companies of similar size in the MY market ($USD124.37K).

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


Leadership Team

Experienced Management: HEVEA's management team is seasoned and experienced (9.3 years average tenure).


Board Members

Experienced Board: HEVEA's board of directors are considered experienced (8.7 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

HeveaBoard Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: HeveaBoard Berhad
  • Ticker: HEVEA
  • Exchange: KLSE
  • Founded: 1993
  • Industry: Forest Products
  • Sector: Materials
  • Market Cap: RM271.616m
  • Shares outstanding: 565.87m
  • Website: https://www.heveaboard.com.my

Number of Employees


Location

  • HeveaBoard Berhad
  • Batu 3 Jalan Tampin
  • Lot 1942
  • Gemas
  • Negeri Sembilan
  • 73400
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 11:05
End of Day Share Price2021/10/22 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.