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SLP

SLP Resources BerhadKLSE:SLP Stock Report

Market Cap

RM297.9m

7D

-1.1%

1Y

4.4%

Updated

23 Sep, 2021

Data

Company Financials +
SLP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends3/6

SLP Overview

SLP Resources Berhad, an investment holding company, manufactures and sells plastic packaging and related products in Malaysia, Japan, Europe, Australia, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for SLP Resources Berhad
Historical stock prices
Current Share PriceRM0.94
52 Week HighRM0.82
52 Week LowRM1.07
Beta0.90
1 Month Change-2.08%
3 Month Change-6.93%
1 Year Change4.44%
3 Year Change-16.07%
5 Year Change-51.80%
Change since IPO195.73%

Recent News & Updates

Aug 09
SLP Resources Berhad (KLSE:SLP) Is Due To Pay A Dividend Of RM0.015

SLP Resources Berhad (KLSE:SLP) Is Due To Pay A Dividend Of RM0.015

The board of SLP Resources Berhad ( KLSE:SLP ) has announced that it will pay a dividend of RM0.015 per share on the...

May 12
Calculating The Intrinsic Value Of SLP Resources Berhad (KLSE:SLP)

Calculating The Intrinsic Value Of SLP Resources Berhad (KLSE:SLP)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of SLP Resources Berhad...

Shareholder Returns

SLPMY PackagingMY Market
7D-1.1%-2.7%-0.7%
1Y4.4%15.0%6.2%

Return vs Industry: SLP underperformed the MY Packaging industry which returned 16.3% over the past year.

Return vs Market: SLP underperformed the MY Market which returned 6.1% over the past year.

Price Volatility

Is SLP's price volatile compared to industry and market?
SLP volatility
SLP Beta0.90
Industry Beta0.89
Market Beta1

Stable Share Price: SLP is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SLP's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989n/aKelvin Khawhttps://www.sinliplas.com.my

SLP Resources Berhad, an investment holding company, manufactures and sells plastic packaging and related products in Malaysia, Japan, Europe, Australia, and internationally. It offers polybags, such as fashion, garbage, and kitchen bags; thin gauge solutions; printed bags for hygiene care products; and hygienic packaging products. The company also provides polyfilms, including slicing films, VFFS films, food packaging films, breathable PE backsheet films, printed/non-printed sheetings, slit seal products, and wrapper films.

SLP Resources Berhad Fundamentals Summary

How do SLP Resources Berhad's earnings and revenue compare to its market cap?
SLP fundamental statistics
Market CapRM297.94m
Earnings (TTM)RM19.12m
Revenue (TTM)RM165.61m

15.6x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SLP income statement (TTM)
RevenueRM165.61m
Cost of RevenueRM110.93m
Gross ProfitRM54.68m
ExpensesRM35.57m
EarningsRM19.12m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.06
Gross Margin33.02%
Net Profit Margin11.54%
Debt/Equity Ratio0.0%

How did SLP perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

91%

Payout Ratio

Valuation

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

15.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SLP (MYR0.94) is trading above our estimate of fair value (MYR0.8)

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


Price To Earnings Ratio

PE vs Industry: SLP is poor value based on its PE Ratio (15.6x) compared to the MY Packaging industry average (12.4x).

PE vs Market: SLP is good value based on its PE Ratio (15.6x) compared to the MY market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: SLP is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: SLP is overvalued based on its PB Ratio (1.6x) compared to the MY Packaging industry average (1.3x).


Future Growth

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

9.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SLP's forecast earnings growth (9.9% per year) is above the savings rate (3.6%).

Earnings vs Market: SLP's earnings (9.9% per year) are forecast to grow slower than the MY market (10.6% per year).

High Growth Earnings: SLP's earnings are forecast to grow, but not significantly.

Revenue vs Market: SLP's revenue (6.8% per year) is forecast to grow faster than the MY market (6.5% per year).

High Growth Revenue: SLP's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SLP's Return on Equity is forecast to be high in 3 years time


Past Performance

How has SLP Resources Berhad performed over the past 5 years?

-6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SLP has high quality earnings.

Growing Profit Margin: SLP's current net profit margins (11.5%) are lower than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: SLP's earnings have declined by 6.6% per year over the past 5 years.

Accelerating Growth: SLP's earnings growth over the past year (6.9%) exceeds its 5-year average (-6.6% per year).

Earnings vs Industry: SLP earnings growth over the past year (6.9%) underperformed the Packaging industry 37.3%.


Return on Equity

High ROE: SLP's Return on Equity (10.2%) is considered low.


Financial Health

How is SLP Resources Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: SLP's short term assets (MYR140.2M) exceed its short term liabilities (MYR18.6M).

Long Term Liabilities: SLP's short term assets (MYR140.2M) exceed its long term liabilities (MYR8.9M).


Debt to Equity History and Analysis

Debt Level: SLP is debt free.

Reducing Debt: SLP had no debt 5 years ago.

Debt Coverage: SLP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SLP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

5.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SLP's dividend (5.85%) is higher than the bottom 25% of dividend payers in the MY market (1.55%).

High Dividend: SLP's dividend (5.85%) is in the top 25% of dividend payers in the MY market (4.23%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (91.2%), SLP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Kelvin Khaw (51 yo)

12.08yrs

Tenure

Mr. Seang Chuan Khaw, also known as Kelvin has been Group Managing Director of SLP Resources Berhad since August 26, 2009. Mr. Khaw served as the Managing Director of SSB since 1989. Mr. Khaw has more than...


Leadership Team

Experienced Management: SLP's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: SLP's board of directors are seasoned and experienced ( 12.1 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

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


Key Information

  • Name: SLP Resources Berhad
  • Ticker: SLP
  • Exchange: KLSE
  • Founded: 1989
  • Industry: Paper Packaging
  • Sector: Materials
  • Market Cap: RM297.942m
  • Shares outstanding: 316.96m
  • Website: https://www.sinliplas.com.my

Number of Employees


Location

  • SLP Resources Berhad
  • Plot 1
  • Lot 57-A
  • Kulim
  • Kedah
  • 9000
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 16:01
End of Day Share Price2021/09/23 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.