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TASH

Tashin Holdings Berhad KLSE:TASHIN Stock Report

Last Price

RM0.49

Market Cap

RM172.8m

7D

11.2%

1Y

-16.8%

Updated

13 Aug, 2022

Data

Company Financials
TASHIN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

TASHIN Stock Overview

Tashin Holdings Berhad, an investment holding company, processes, manufactures, and trades in steel products in Malaysia.

Tashin Holdings Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tashin Holdings Berhad
Historical stock prices
Current Share PriceRM0.49
52 Week HighRM0.68
52 Week LowRM0.40
Beta2.34
1 Month Change17.86%
3 Month Change-10.00%
1 Year Change-16.81%
3 Year Change67.80%
5 Year Changen/a
Change since IPO2.06%

Recent News & Updates

Aug 11
Tashin Holdings Berhad (KLSE:TASHIN) Seems To Use Debt Quite Sensibly

Tashin Holdings Berhad (KLSE:TASHIN) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jun 24
Market Still Lacking Some Conviction On Tashin Holdings Berhad (KLSE:TASHIN)

Market Still Lacking Some Conviction On Tashin Holdings Berhad (KLSE:TASHIN)

Tashin Holdings Berhad's ( KLSE:TASHIN ) price-to-earnings (or "P/E") ratio of 2.6x might make it look like a strong...

Shareholder Returns

TASHINMY Metals and MiningMY Market
7D11.2%0.8%0.2%
1Y-16.8%-1.7%-3.5%

Return vs Industry: TASHIN underperformed the MY Metals and Mining industry which returned -1.7% over the past year.

Return vs Market: TASHIN underperformed the MY Market which returned -3.5% over the past year.

Price Volatility

Is TASHIN's price volatile compared to industry and market?
TASHIN volatility
TASHIN Average Weekly Movement5.6%
Metals and Mining Industry Average Movement6.3%
Market Average Movement5.5%
10% most volatile stocks in MY Market11.7%
10% least volatile stocks in MY Market2.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
2017n/aChoon Teik Limhttps://www.tashin.com.my

Tashin Holdings Berhad, an investment holding company, processes, manufactures, and trades in steel products in Malaysia. The company offers slit coils, steel plates and sheets, steel pipes, flat and square bars, expanded metals, checkered plates, and C purlins for use in the electronics and electrical, industrial stamping, automobiles, furniture, fabrications, and engineering industries. It also manufactures and trades in steel material and general hardware products.

Tashin Holdings Berhad Fundamentals Summary

How do Tashin Holdings Berhad's earnings and revenue compare to its market cap?
TASHIN fundamental statistics
Market CapRM172.75m
Earnings (TTM)RM62.43m
Revenue (TTM)RM412.97m

2.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TASHIN income statement (TTM)
RevenueRM412.97m
Cost of RevenueRM309.49m
Gross ProfitRM103.48m
Other ExpensesRM41.05m
EarningsRM62.43m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin25.06%
Net Profit Margin15.12%
Debt/Equity Ratio24.1%

How did TASHIN perform over the long term?

See historical performance and comparison

Dividends

12.1%

Current Dividend Yield

28%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 TASHIN?

Other financial metrics that can be useful for relative valuation.

TASHIN 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/Revenue0.5x
Enterprise Value/EBITDA2.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

TASHIN PE Ratio vs Peers
The above table shows the PE ratio for TASHIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average2.9x
MYCRON Mycron Steel Berhad
2.5xn/aRM148.8m
EMETALL Eonmetall Group Berhad
5.8xn/aRM168.7m
PRESTAR Prestar Resources Berhad
1.8xn/aRM171.5m
LEONFB Leon Fuat Berhad
1.5xn/aRM187.6m
TASHIN Tashin Holdings Berhad
2.8xn/aRM172.8m

Price-To-Earnings vs Peers: TASHIN is good value based on its Price-To-Earnings Ratio (2.8x) compared to the peer average (2.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: TASHIN is good value based on its Price-To-Earnings Ratio (2.8x) compared to the MY Metals and Mining industry average (4.9x)


Price to Earnings Ratio vs Fair Ratio

What is TASHIN'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.

TASHIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TASHIN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: TASHIN (MYR0.5) is trading below our estimate of fair value (MYR0.85)

Significantly Below Fair Value: TASHIN is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Tashin Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 0 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


16.7%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tashin Holdings Berhad has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Tashin Holdings Berhad is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Tashin Holdings Berhad performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


55.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TASHIN has a high level of non-cash earnings.

Growing Profit Margin: TASHIN's current net profit margins (15.1%) are higher than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: TASHIN's earnings have grown significantly by 55.3% per year over the past 5 years.

Accelerating Growth: TASHIN's earnings growth over the past year (200.4%) exceeds its 5-year average (55.3% per year).

Earnings vs Industry: TASHIN earnings growth over the past year (200.4%) exceeded the Metals and Mining industry 87.4%.


Return on Equity

High ROE: TASHIN's Return on Equity (23.3%) is considered high.


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Financial Health

How is Tashin Holdings Berhad's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TASHIN's short term assets (MYR313.7M) exceed its short term liabilities (MYR113.3M).

Long Term Liabilities: TASHIN's short term assets (MYR313.7M) exceed its long term liabilities (MYR11.7M).


Debt to Equity History and Analysis

Debt Level: TASHIN's net debt to equity ratio (11.5%) is considered satisfactory.

Reducing Debt: TASHIN's debt to equity ratio has reduced from 29.9% to 24.1% over the past 5 years.

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

Interest Coverage: TASHIN's interest payments on its debt are well covered by EBIT (51x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


12.12%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TASHIN's dividend (12.12%) is higher than the bottom 25% of dividend payers in the MY market (2%).

High Dividend: TASHIN's dividend (12.12%) is in the top 25% of dividend payers in the MY market (4.87%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TASHIN's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TASHIN's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28%), TASHIN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

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


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Management

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

4.3yrs

Average board tenure


CEO

Choon Teik Lim (69 yo)

no data

Tenure

RM38,000

Compensation

Mr. Lim Choon Teik serves as Managing Director and Director at Tashin Holdings Berhad and has been its Director since April 18, 2018. He served as an Executive Director of Tashin Steel Sdn. Bhd.(tssB) and...


CEO Compensation Analysis

Compensation vs Market: Choon Teik's total compensation ($USD8.55K) is below average for companies of similar size in the MY market ($USD112.38K).

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


Board Members

Experienced Board: TASHIN's board of directors are considered experienced (4.3 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

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


Key Information

  • Name: Tashin Holdings Berhad
  • Ticker: TASHIN
  • Exchange: KLSE
  • Founded: 2017
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: RM172.751m
  • Shares outstanding: 348.99m
  • Website: https://www.tashin.com.my

Location

  • Tashin Holdings Berhad
  • Plot 40, Lorong Perusahaan Maju 7
  • Kawasan Perusahaan 4
  • Perai
  • Pulau Pinang
  • 13600
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 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.