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MATR

Matrix Concepts Holdings Berhad KLSE:MATRIX Stock Report

Last Price

RM2.28

Market Cap

RM1.9b

7D

-0.9%

1Y

16.9%

Updated

01 Jul, 2022

Data

Company Financials +
MATRIX fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends3/6

MATRIX Stock Overview

Matrix Concepts Holdings Berhad, an investment holding company, engages in the property development, construction, education, hospitality, and healthcare businesses primarily in Malaysia.

Matrix Concepts Holdings Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Matrix Concepts Holdings Berhad
Historical stock prices
Current Share PriceRM2.28
52 Week HighRM2.57
52 Week LowRM1.94
Beta0.43
1 Month Change-8.43%
3 Month Change-2.15%
1 Year Change16.92%
3 Year Change19.37%
5 Year Change4.78%
Change since IPO95.59%

Recent News & Updates

May 27
Matrix Concepts Holdings Berhad (KLSE:MATRIX) Has Announced A Dividend Of RM0.037

Matrix Concepts Holdings Berhad (KLSE:MATRIX) Has Announced A Dividend Of RM0.037

Matrix Concepts Holdings Berhad ( KLSE:MATRIX ) will pay a dividend of RM0.037 on the 7th of July. This means the...

Shareholder Returns

MATRIXMY Real EstateMY Market
7D-0.9%0.8%0.9%
1Y16.9%-10.0%-7.1%

Return vs Industry: MATRIX exceeded the MY Real Estate industry which returned -10% over the past year.

Return vs Market: MATRIX exceeded the MY Market which returned -7.1% over the past year.

Price Volatility

Is MATRIX's price volatile compared to industry and market?
MATRIX volatility
MATRIX Average Weekly Movement2.8%
Real Estate Industry Average Movement5.2%
Market Average Movement5.5%
10% most volatile stocks in MY Market11.4%
10% least volatile stocks in MY Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
1996n/aKong Hohttps://www.mchb.com.my

Matrix Concepts Holdings Berhad, an investment holding company, engages in the property development, construction, education, hospitality, and healthcare businesses primarily in Malaysia. It develops residential and commercial properties; undertakes the construction of infrastructure, residential, and commercial projects; and manages and administers private and international schools. The company also manages and operates a clubhouse and hotel; and offers property management services.

Matrix Concepts Holdings Berhad Fundamentals Summary

How do Matrix Concepts Holdings Berhad's earnings and revenue compare to its market cap?
MATRIX fundamental statistics
Market CapRM1.90b
Earnings (TTM)RM205.20m
Revenue (TTM)RM892.40m

9.3x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MATRIX income statement (TTM)
RevenueRM892.40m
Cost of RevenueRM401.97m
Gross ProfitRM490.43m
Other ExpensesRM285.23m
EarningsRM205.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin54.96%
Net Profit Margin22.99%
Debt/Equity Ratio14.9%

How did MATRIX perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

51%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MATRIX?

Other financial metrics that can be useful for relative valuation.

MATRIX 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/Revenue2.2x
Enterprise Value/EBITDA7.7x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

MATRIX PE Ratio vs Peers
The above table shows the PE ratio for MATRIX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.8x
ECOWLD Eco World Development Group Berhad
10.6x3.0%RM2.0b
OSK OSK Holdings Berhad
4.9x13.1%RM1.8b
MAHSING Mah Sing Group Berhad
13.1x9.9%RM1.4b
SPSETIA S P Setia Berhad
18.7x-1.2%RM2.7b
MATRIX Matrix Concepts Holdings Berhad
9.3x9.8%RM1.9b

Price-To-Earnings vs Peers: MATRIX is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (11.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: MATRIX is good value based on its Price-To-Earnings Ratio (9.3x) compared to the MY Real Estate industry average (13.3x)


Price to Earnings Ratio vs Fair Ratio

What is MATRIX'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.

MATRIX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: MATRIX is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).


Share Price vs Fair Value

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

Below Fair Value: MATRIX (MYR2.28) is trading below our estimate of fair value (MYR2.93)

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


Price to Earnings Growth Ratio

PEG Ratio: MATRIX is good value based on its PEG Ratio (0.9x)


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Future Growth

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


9.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MATRIX's forecast earnings growth (9.8% per year) is above the savings rate (3.6%).

Earnings vs Market: MATRIX's earnings (9.8% per year) are forecast to grow slower than the MY market (10% per year).

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

Revenue vs Market: MATRIX's revenue (11.4% per year) is forecast to grow faster than the MY market (5.2% per year).

High Growth Revenue: MATRIX's revenue (11.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MATRIX's Return on Equity is forecast to be low in 3 years time (12.5%).


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Past Performance

How has Matrix Concepts Holdings 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


4.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MATRIX has high quality earnings.

Growing Profit Margin: MATRIX's current net profit margins (23%) are lower than last year (23.3%).


Past Earnings Growth Analysis

Earnings Trend: MATRIX's earnings have grown by 4.8% per year over the past 5 years.

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

Earnings vs Industry: MATRIX had negative earnings growth (-21.7%) over the past year, making it difficult to compare to the Real Estate industry average (-0.5%).


Return on Equity

High ROE: MATRIX's Return on Equity (10.6%) is considered low.


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Financial Health

How is Matrix Concepts Holdings Berhad's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MATRIX's short term assets (MYR1.4B) exceed its short term liabilities (MYR581.4M).

Long Term Liabilities: MATRIX's short term assets (MYR1.4B) exceed its long term liabilities (MYR139.1M).


Debt to Equity History and Analysis

Debt Level: MATRIX's net debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: MATRIX's debt to equity ratio has reduced from 26.6% to 14.9% over the past 5 years.

Debt Coverage: MATRIX's debt is well covered by operating cash flow (38.1%).

Interest Coverage: MATRIX's interest payments on its debt are well covered by EBIT (21.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.48%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MATRIX's dividend (5.48%) is higher than the bottom 25% of dividend payers in the MY market (2.08%).

High Dividend: MATRIX's dividend (5.48%) is in the top 25% of dividend payers in the MY market (4.91%)


Stability and Growth of Payments

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

Growing Dividend: MATRIX has only been paying a dividend for 9 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.8%), MATRIX's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (98.4%), MATRIX's dividend payments are not well covered by cash flows.


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Management

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

8.5yrs

Average management tenure


CEO

Kong Ho (55 yo)

3.83yrs

Tenure

Mr. Kong Soon Ho has been Group Managing Director of Matrix Concepts Holdings Berhad since September 1, 2018 and served as its Deputy Managing Director since April 2, 2012 until September 1, 2018. Mr. Ho s...


Leadership Team

Experienced Management: MATRIX's management team is seasoned and experienced (8.5 years average tenure).


Board Members

Experienced Board: MATRIX's board of directors are considered experienced (6.3 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

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


Key Information

  • Name: Matrix Concepts Holdings Berhad
  • Ticker: MATRIX
  • Exchange: KLSE
  • Founded: 1996
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: RM1.902b
  • Shares outstanding: 834.23m
  • Website: https://www.mchb.com.my

Location

  • Matrix Concepts Holdings Berhad
  • Wisma Matrix
  • No. 57, Jalan Tun Dr.Ismail
  • Seremban
  • Negeri Sembilan
  • 70200
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.