company background image
IOIP

IOI Properties Group Berhad KLSE:IOIPG Stock Report

Last Price

RM0.94

Market Cap

RM5.1b

7D

-5.1%

1Y

-22.1%

Updated

02 Oct, 2022

Data

Company Financials +
IOIPG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends2/6

IOIPG Stock Overview

IOI Properties Group Berhad, an investment holding company, engages in the property investment and development activities in Malaysia, Singapore, and the People's Republic of China.

IOI Properties Group Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IOI Properties Group Berhad
Historical stock prices
Current Share PriceRM0.94
52 Week HighRM1.33
52 Week LowRM0.93
Beta0.94
1 Month Change-4.59%
3 Month Change-4.10%
1 Year Change-22.08%
3 Year Change-17.98%
5 Year Change-53.25%
Change since IPO-70.32%

Recent News & Updates

Sep 30
Does IOI Properties Group Berhad (KLSE:IOIPG) Have A Healthy Balance Sheet?

Does IOI Properties Group Berhad (KLSE:IOIPG) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

IOIPGMY Real EstateMY Market
7D-5.1%-3.3%-2.0%
1Y-22.1%-15.0%-11.6%

Return vs Industry: IOIPG underperformed the MY Real Estate industry which returned -14.9% over the past year.

Return vs Market: IOIPG underperformed the MY Market which returned -11.6% over the past year.

Price Volatility

Is IOIPG's price volatile compared to industry and market?
IOIPG volatility
IOIPG Average Weekly Movement2.6%
Real Estate Industry Average Movement5.2%
Market Average Movement5.3%
10% most volatile stocks in MY Market11.1%
10% least volatile stocks in MY Market2.5%

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

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

About the Company

FoundedEmployeesCEOWebsite
2013n/aTin Yow Voonhttps://www.ioiproperties.com.my

IOI Properties Group Berhad, an investment holding company, engages in the property investment and development activities in Malaysia, Singapore, and the People's Republic of China. It operates through four segments: Property Development, Property Investment, Hospitality and Leisure, and Other Operations. The company develops residential, commercial, and industrial properties; and invests in shopping malls, office buildings, office complexes, and other properties.

IOI Properties Group Berhad Fundamentals Summary

How do IOI Properties Group Berhad's earnings and revenue compare to its market cap?
IOIPG fundamental statistics
Market CapRM5.15b
Earnings (TTM)RM686.74m
Revenue (TTM)RM2.59b

7.5x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IOIPG income statement (TTM)
RevenueRM2.59b
Cost of RevenueRM1.52b
Gross ProfitRM1.07b
Other ExpensesRM386.51m
EarningsRM686.74m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin41.43%
Net Profit Margin26.51%
Debt/Equity Ratio81.6%

How did IOIPG perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

32%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is IOIPG 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 IOIPG?

Other financial metrics that can be useful for relative valuation.

IOIPG 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/Revenue7.6x
Enterprise Value/EBITDA20.6x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

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

IOIPG PE Ratio vs Peers
The above table shows the PE ratio for IOIPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.1x
SIMEPROP Sime Darby Property Berhad
15x13.2%RM3.1b
SPSETIA S P Setia Berhad
15.6x2.2%RM2.3b
OSK OSK Holdings Berhad
4.8x13.8%RM1.8b
ECOWLD Eco World Development Group Berhad
9.1x4.6%RM1.8b
IOIPG IOI Properties Group Berhad
7.5x6.6%RM5.1b

Price-To-Earnings vs Peers: IOIPG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (11.1x).


Price to Earnings Ratio vs Industry

How does IOIPG's PE Ratio compare vs other companies in the MY Real Estate Industry?

Price-To-Earnings vs Industry: IOIPG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the MY Real Estate industry average (10.5x)


Price to Earnings Ratio vs Fair Ratio

What is IOIPG'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.

IOIPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: IOIPG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).


Share Price vs Fair Value

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

Below Fair Value: IOIPG (MYR0.94) is trading above our estimate of fair value (MYR0.34)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is IOI Properties Group Berhad forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IOIPG's forecast earnings growth (6.6% per year) is above the savings rate (3.6%).

Earnings vs Market: IOIPG's earnings (6.6% per year) are forecast to grow slower than the MY market (9.6% per year).

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

Revenue vs Market: IOIPG's revenue (5.3% per year) is forecast to grow faster than the MY market (4.8% per year).

High Growth Revenue: IOIPG's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IOIPG's Return on Equity is forecast to be low in 3 years time (3.8%).


Discover growth companies

Past Performance

How has IOI Properties Group Berhad performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-9.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IOIPG has high quality earnings.

Growing Profit Margin: IOIPG's current net profit margins (26.5%) are lower than last year (26.5%).


Past Earnings Growth Analysis

Earnings Trend: IOIPG's earnings have declined by 9% per year over the past 5 years.

Accelerating Growth: IOIPG's earnings growth over the past year (4%) exceeds its 5-year average (-9% per year).

Earnings vs Industry: IOIPG earnings growth over the past year (4%) underperformed the Real Estate industry 7.7%.


Return on Equity

High ROE: IOIPG's Return on Equity (3.3%) is considered low.


Discover strong past performing companies

Financial Health

How is IOI Properties Group Berhad's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: IOIPG's short term assets (MYR6.9B) do not cover its short term liabilities (MYR14.8B).

Long Term Liabilities: IOIPG's short term assets (MYR6.9B) exceed its long term liabilities (MYR4.1B).


Debt to Equity History and Analysis

Debt Level: IOIPG's net debt to equity ratio (70%) is considered high.

Reducing Debt: IOIPG's debt to equity ratio has increased from 67.7% to 81.6% over the past 5 years.

Debt Coverage: IOIPG's debt is not well covered by operating cash flow (4.1%).

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


Balance Sheet


Discover healthy companies

Dividend

What is IOI Properties Group Berhad current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.28%

Current Dividend Yield

Dividend Yield vs Market

IOI Properties Group Berhad Dividend Yield vs Market
How does IOI Properties Group Berhad dividend yield compare to the market?
SegmentDividend Yield
Company (IOI Properties Group Berhad)4.3%
Market Bottom 25% (MY)2.1%
Market Top 25% (MY)5.3%
Industry Average (Real Estate)4.4%
Analyst forecast in 3 Years (IOI Properties Group Berhad)3.1%

Notable Dividend: IOIPG's dividend (4.28%) is higher than the bottom 25% of dividend payers in the MY market (2.17%).

High Dividend: IOIPG's dividend (4.28%) is low compared to the top 25% of dividend payers in the MY market (5.3%).


Stability and Growth of Payments

Stable Dividend: IOIPG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IOIPG has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.1%), IOIPG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

4.5yrs

Average management tenure


CEO

Tin Yow Voon (64 yo)

2.5yrs

Tenure

Dato. Tin Yow Voon is Chief Executive Officer at IOI Properties Group Berhad since April 15, 2020. Dato’ Voon will be responsible for the overall management of the Group’s business in its various business...


Leadership Team

Experienced Management: IOIPG's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: IOIPG's board of directors are considered experienced (9.3 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

What is the ownership structure of IOIPG?
Owner TypeNumber of SharesOwnership Percentage
State or Government23,613,7000.4%
Individual Insiders195,791,5713.6%
Sovereign Wealth Funds351,556,3286.4%
General Public427,518,8997.8%
Institutions721,825,04413.1%
Private Companies3,785,839,83368.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 81.75% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
65.67%
Progressive Holdings Sdn. Bhd.
3,616,063,741MYR3.4b0%no data
6.38%
Permodalan Nasional Berhad
351,556,328MYR328.7m0%0.23%
2.06%
AnnHow Holdings Sdn. Bhd.
113,278,400MYR105.9m0%no data
1.28%
Yeow Seng Lee
70,298,100MYR65.7m1.44%no data
1.03%
The Vanguard Group, Inc.
56,799,975MYR53.1m0%no data
0.73%
Ming Chun Lai
40,000,000MYR37.4m0%no data
0.69%
Rickoh Holdings Sdn. Bhd.
38,131,243MYR35.7m0%no data
0.66%
Kim Tan
36,606,000MYR34.2m0%no data
0.62%
UBS Asset Management
34,234,931MYR32.0m0%no data
0.47%
Eastspring Investments (Singapore) Limited
26,117,366MYR24.4m0%0.03%
0.43%
Pertubuhan Keselamatan Sosial
23,613,700MYR22.1m0%no data
0.37%
Citigroup Inc.,Banking and Securities Investments
20,430,800MYR19.1m0%no data
0.37%
Cha Chan
20,321,600MYR19.0m0%no data
0.24%
Norges Bank Investment Management
13,291,220MYR12.4m0%no data
0.24%
Kok Meng Koon
13,049,625MYR12.2m0%no data
0.16%
State Street Global Advisors, Inc.
8,614,378MYR8.1m4.49%no data
0.13%
Yoke Lee
7,080,818MYR6.6m29.19%no data
0.12%
Yeow Chor Lee
6,837,500MYR6.4m0%no data
0.021%
GAM Holding AG
1,182,200MYR1.1m0%no data
0.02%
Kin Koh
1,094,041MYR1.0m0%no data
0.017%
Northern Trust Global Investments
932,100MYR871.5k0%no data
0.013%
Royal London Asset Management Limited
731,058MYR683.5k0%no data
0.0053%
HSBC Global Asset Management (UK) Limited
293,528MYR274.4k0%no data
0.0048%
Eaton Vance Management
266,058MYR248.8k0%no data
0.0037%
Mercer Global Investments Europe Limited
203,000MYR189.8k0%no data

Company Information

IOI Properties Group Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: IOI Properties Group Berhad
  • Ticker: IOIPG
  • Exchange: KLSE
  • Founded: 2013
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: RM5.148b
  • Shares outstanding: 5.51b
  • Website: https://www.ioiproperties.com.my

Number of Employees


Location

  • IOI Properties Group Berhad
  • IOI City Tower 2
  • Level 29
  • Putrajaya
  • Wilayah Persekutuan
  • 62502
  • Malaysia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IOIPGKLSE (Bursa Malaysia)YesOrdinary SharesMYMYRJan 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.