KLSE:IBHD

Stock Analysis Report

Executive Summary

I-Berhad, an investment holding company, engages in the property investment and development activities primarily in Malaysia.


Snowflake Analysis

Flawless balance sheet established dividend payer.

Share Price & News

How has I-Berhad's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IBHD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.7%

IBHD

-1.5%

MY Real Estate

-0.3%

MY Market


1 Year Return

-69.8%

IBHD

-36.3%

MY Real Estate

-21.9%

MY Market

Return vs Industry: IBHD underperformed the MY Real Estate industry which returned -36.4% over the past year.

Return vs Market: IBHD underperformed the MY Market which returned -21.9% over the past year.


Shareholder returns

IBHDIndustryMarket
7 Day-3.7%-1.5%-0.3%
30 Day-33.3%-21.4%-13.8%
90 Day-46.9%-31.1%-21.3%
1 Year-68.1%-69.8%-34.2%-36.3%-19.0%-21.9%
3 Year-76.3%-79.0%-50.0%-54.6%-20.3%-30.0%
5 Year-75.5%-79.5%-47.6%-56.9%-17.3%-31.8%

Price Volatility Vs. Market

How volatile is I-Berhad's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

5.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IBHD (MYR0.13) is trading above our estimate of fair value (MYR0.11)

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


Price To Earnings Ratio

PE vs Industry: IBHD is good value based on its PE Ratio (5.4x) compared to the Real Estate industry average (7.2x).

PE vs Market: IBHD is good value based on its PE Ratio (5.4x) compared to the MY market (11.3x).


Price to Earnings Growth Ratio

PEG Ratio: IBHD is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: IBHD is good value based on its PB Ratio (0.1x) compared to the MY Real Estate industry average (0.3x).


Next Steps

Future Growth

How is I-Berhad forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

12.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBHD's forecast earnings growth (12.5% per year) is above the savings rate (3.4%).

Earnings vs Market: IBHD's earnings (12.5% per year) are forecast to grow faster than the MY market (9.6% per year).

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

Revenue vs Market: IBHD's revenue (17% per year) is forecast to grow faster than the MY market (4.9% per year).

High Growth Revenue: IBHD's revenue (17% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IBHD's Return on Equity is forecast to be low in 3 years time (3.7%).


Next Steps

Past Performance

How has I-Berhad performed over the past 5 years?

-4.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBHD has high quality earnings.

Growing Profit Margin: IBHD's current net profit margins (15%) are lower than last year (15.6%).


Past Earnings Growth Analysis

Earnings Trend: IBHD's earnings have declined by -4.5% per year over the past 5 years.

Accelerating Growth: IBHD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IBHD had negative earnings growth (-56.1%) over the past year, making it difficult to compare to the Real Estate industry average (7.6%).


Return on Equity

High ROE: IBHD's Return on Equity (2.3%) is considered low.


Next Steps

Financial Health

How is I-Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: IBHD's short term assets (MYR1.1B) exceed its short term liabilities (MYR547.9M).

Long Term Liabilities: IBHD's short term assets (MYR1.1B) exceed its long term liabilities (MYR229.9M).


Debt to Equity History and Analysis

Debt Level: IBHD's debt to equity ratio (24.2%) is considered satisfactory.

Reducing Debt: IBHD's debt to equity ratio has reduced from 26.9% to 24.2% over the past 5 years.

Debt Coverage: IBHD's debt is well covered by operating cash flow (22.7%).

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


Balance Sheet

Inventory Level: IBHD has a high level of physical assets or inventory.

Debt Coverage by Assets: IBHD's debt is covered by short term assets (assets are 4x debt).


Next Steps

Dividend

What is I-Berhad's current dividend yield, its reliability and sustainability?

13.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IBHD's dividend (13.46%) is higher than the bottom 25% of dividend payers in the MY market (2.52%).

High Dividend: IBHD's dividend (13.46%) is in the top 25% of dividend payers in the MY market (6.76%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.3%), IBHD's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IBHD's dividends in 3 years are forecast to be well covered by earnings (45.8% payout ratio).


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Siew Thuan Tey (65yo)

0.25

Tenure

RM110,000

Compensation

Y. Bhg. Puan Sri Siew Thuan Tey is the Chief Executive Officer of I-Berhad since January 1, 2020. She served as Chief Executive Officer of I-Berhad from February 27, 2008 to February 10, 2009. Y. Bhg. Dati ...


Leadership Team

NamePositionTenureCompensationOwnership
Siew Thuan Tey
CEO & Executive Director0.25yrRM110.00k0.17% MYR233.2k
Eng San Ong
General Manager of Finance & Accounting6.83yrsno datano data
Tek Wei Tan
Deputy Chief Executive Officer14.5yrsno datano data
Soke Cheng Tang
Head of Leisure Park4yrsno datano data
Kok Chin Tang
Head of Corporate Planning2yrsno datano data
Yet Lan Too
Company Secretaryno datano datano data

4.0yrs

Average Tenure

40.5yo

Average Age

Experienced Management: IBHD's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Siew Thuan Tey
CEO & Executive Director0.25yrRM110.00k0.17% MYR233.2k
Ban Lau
Independent & Non-Executive Directorno datano datano data
Hong Chew Eu
Non-Executive Deputy Chairmanno dataRM110.00kno data
Kim Hong Lim
Founder & Non-Executive Chairman9.75yrsRM110.00k0.23% MYR321.2k
Yeang Kheng Goh
Independent Non-Executive Director6.75yrsRM36.00kno data

9.8yrs

Average Tenure

65yo

Average Age

Experienced Board: IBHD's board of directors are considered experienced (9.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

I-Berhad's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: I-Berhad
  • Ticker: IBHD
  • Exchange: KLSE
  • Founded:
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: RM137.971m
  • Shares outstanding: 1.06b
  • Website: https://www.i-bhd.com

Location

  • I-Berhad
  • i-Gallery
  • Persiaran Multimedia
  • Shah Alam
  • Selangor
  • 40000
  • Malaysia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IBHDKLSE (Bursa Malaysia)YesOrdinary SharesMYMYRJan 1992
IBHD-PAKLSE (Bursa Malaysia)RCPS 27/11/22 MYR0.19MYMYRDec 2019

Biography

I-Berhad, an investment holding company, engages in the property investment and development activities primarily in Malaysia. The company operates through Property Development, Property Investment, and Leisure segments. It develops and sells residential and commercial properties; contracts for construction works; owns land and property; and manages complexes and other properties. The company also develops and manages i-City, Shah Alam as a MSC Malaysia Cybercentre; operates as an advertising agent, advertiser, and advertising contractor; manages network and telephony services; and owns, markets, and manages events, leisure, hotel, and other tourism related activities. In addition, it operates as a travel agent. The company was formerly known as Sanyo Industries (Malaysia) Sdn Bhd and changed its name to I-Berhad in 1999. I-Berhad is based in Shah Alam, Malaysia. I-Berhad is a subsidiary of Sumurwang Sdn. Bhd. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 14:48
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.