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HIAP

Hiap Teck Venture BerhadKLSE:HIAPTEK Stock Report

Market Cap

RM1.2b

7D

17.2%

1Y

267.6%

Updated

16 Oct, 2021

Data

Company Financials +
HIAPTEK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends2/6

HIAPTEK Overview

Hiap Teck Venture Berhad, through its subsidiaries, manufactures, rents, distributes, and sells steel pipes, hollow sections, scaffolding equipment, accessories, steel slabs, and other steel products in Malaysia.

Price History & Performance

Summary of all time highs, changes and price drops for Hiap Teck Venture Berhad
Historical stock prices
Current Share PriceRM0.68
52 Week HighRM0.17
52 Week LowRM0.70
Beta2.27
1 Month Change15.25%
3 Month Change30.77%
1 Year Change267.57%
3 Year Change86.30%
5 Year Change122.95%
Change since IPO4.62%

Recent News & Updates

Oct 13
We Think Hiap Teck Venture Berhad (KLSE:HIAPTEK) Can Manage Its Debt With Ease

We Think Hiap Teck Venture Berhad (KLSE:HIAPTEK) Can Manage Its Debt With Ease

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Sep 01
I Ran A Stock Scan For Earnings Growth And Hiap Teck Venture Berhad (KLSE:HIAPTEK) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Hiap Teck Venture Berhad (KLSE:HIAPTEK) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Jul 01
Calculating The Intrinsic Value Of Hiap Teck Venture Berhad (KLSE:HIAPTEK)

Calculating The Intrinsic Value Of Hiap Teck Venture Berhad (KLSE:HIAPTEK)

Today we will run through one way of estimating the intrinsic value of Hiap Teck Venture Berhad ( KLSE:HIAPTEK ) by...

Shareholder Returns

HIAPTEKMY Metals and MiningMY Market
7D17.2%2.8%2.1%
1Y267.6%142.0%8.9%

Return vs Industry: HIAPTEK exceeded the MY Metals and Mining industry which returned 142% over the past year.

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

Price Volatility

Is HIAPTEK's price volatile compared to industry and market?
HIAPTEK volatility
HIAPTEK Beta2.27
Industry Beta1.21
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1993n/an/ahttps://www.htgrp.com.my

Hiap Teck Venture Berhad, through its subsidiaries, manufactures, rents, distributes, and sells steel pipes, hollow sections, scaffolding equipment, accessories, steel slabs, and other steel products in Malaysia. The company operates through five segments: Trading, Manufacturing, Property and Investment, Transportation, and Mining and Exploration. It also operates as an importer, exporter, lessor, and a general dealer of steel products, hardware, and building materials.

Hiap Teck Venture Berhad Fundamentals Summary

How do Hiap Teck Venture Berhad's earnings and revenue compare to its market cap?
HIAPTEK fundamental statistics
Market CapRM1.17b
Earnings (TTM)RM163.43m
Revenue (TTM)RM1.08b

7.2x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIAPTEK income statement (TTM)
RevenueRM1.08b
Cost of RevenueRM912.04m
Gross ProfitRM169.90m
ExpensesRM6.47m
EarningsRM163.43m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.095
Gross Margin15.70%
Net Profit Margin15.11%
Debt/Equity Ratio36.5%

How did HIAPTEK perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

9%

Payout Ratio

Valuation

Is Hiap Teck Venture Berhad undervalued compared to its fair value and its price relative to the market?

7.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HIAPTEK (MYR0.68) is trading above our estimate of fair value (MYR0.4)

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


Price To Earnings Ratio

PE vs Industry: HIAPTEK is good value based on its PE Ratio (7.2x) compared to the MY Metals and Mining industry average (7.9x).

PE vs Market: HIAPTEK is good value based on its PE Ratio (7.2x) compared to the MY market (16.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Future Growth

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

-3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIAPTEK's earnings are forecast to decline over the next 3 years (-3.5% per year).

Earnings vs Market: HIAPTEK's earnings are forecast to decline over the next 3 years (-3.5% per year).

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

Revenue vs Market: HIAPTEK's revenue (4.2% per year) is forecast to grow slower than the MY market (6.5% per year).

High Growth Revenue: HIAPTEK's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HIAPTEK's Return on Equity is forecast to be low in 3 years time (12.9%).


Past Performance

How has Hiap Teck Venture Berhad performed over the past 5 years?

55.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HIAPTEK has high quality earnings.

Growing Profit Margin: HIAPTEK's current net profit margins (15.1%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: HIAPTEK has become profitable over the past 5 years, growing earnings by 55.8% per year.

Accelerating Growth: HIAPTEK's earnings growth over the past year (3712.2%) exceeds its 5-year average (55.8% per year).

Earnings vs Industry: HIAPTEK earnings growth over the past year (3712.2%) exceeded the Metals and Mining industry 243.6%.


Return on Equity

High ROE: HIAPTEK's Return on Equity (14.5%) is considered low.


Financial Health

How is Hiap Teck Venture Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: HIAPTEK's short term assets (MYR841.0M) exceed its short term liabilities (MYR464.6M).

Long Term Liabilities: HIAPTEK's short term assets (MYR841.0M) exceed its long term liabilities (MYR17.8M).


Debt to Equity History and Analysis

Debt Level: HIAPTEK's debt to equity ratio (36.5%) is considered satisfactory.

Reducing Debt: HIAPTEK's debt to equity ratio has reduced from 67.6% to 36.5% over the past 5 years.

Debt Coverage: HIAPTEK's debt is not well covered by operating cash flow (4.4%).

Interest Coverage: HIAPTEK's interest payments on its debt are well covered by EBIT (10x coverage).


Balance Sheet


Dividend

What is Hiap Teck Venture Berhad current dividend yield, its reliability and sustainability?

1.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HIAPTEK's dividend (1.47%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.51%).

High Dividend: HIAPTEK's dividend (1.47%) is low compared to the top 25% of dividend payers in the MY market (4.12%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.7%), HIAPTEK's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HIAPTEK's dividends in 3 years are forecast to be well covered by earnings (33.3% payout ratio).


Next Steps

Management

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

7.5yrs

Average management tenure


CEO

Hiap Teck Venture Berhad has no CEO, or we have no data on them.


Leadership Team

Experienced Management: HIAPTEK's management team is seasoned and experienced (7.5 years average tenure).


Board Members

Experienced Board: HIAPTEK's board of directors are considered experienced (8.8 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 been diluted in the past year, with total shares outstanding growing by 25.7%.


Top Shareholders

Company Information

Hiap Teck Venture Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Hiap Teck Venture Berhad
  • Ticker: HIAPTEK
  • Exchange: KLSE
  • Founded: 1993
  • Industry: Steel
  • Sector: Materials
  • Market Cap: RM1.174b
  • Shares outstanding: 1.73b
  • Website: https://www.htgrp.com.my

Location

  • Hiap Teck Venture Berhad
  • Lot 6096, Jalan Haji Abdul Manan
  • Batu 5-1/2
  • Klang
  • Selangor
  • 41050
  • 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
Earnings2021/07/31
Annual Earnings2021/07/31


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.