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TROP

Tropicana Corporation Berhad KLSE:TROP Stock Report

Last Price

RM0.95

Market Cap

RM1.7b

7D

-2.6%

1Y

9.2%

Updated

27 Jun, 2022

Data

Company Financials
TROP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

TROP Stock Overview

Tropicana Corporation Berhad engages in the property and resort development, and property investment businesses in Malaysia.

Tropicana Corporation Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tropicana Corporation Berhad
Historical stock prices
Current Share PriceRM0.95
52 Week HighRM1.19
52 Week LowRM0.85
Beta0.19
1 Month Change-2.56%
3 Month Change-5.94%
1 Year Change9.20%
3 Year Change11.77%
5 Year Change-1.55%
Change since IPO-28.03%

Recent News & Updates

Mar 03
Tropicana Corporation Berhad (KLSE:TROP) Seems To Be Using A Lot Of Debt

Tropicana Corporation Berhad (KLSE:TROP) Seems To Be Using A Lot Of Debt

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

Shareholder Returns

TROPMY Real EstateMY Market
7D-2.6%0.1%-0.9%
1Y9.2%-11.0%-7.7%

Return vs Industry: TROP exceeded the MY Real Estate industry which returned -12.7% over the past year.

Return vs Market: TROP exceeded the MY Market which returned -8.7% over the past year.

Price Volatility

Is TROP's price volatile compared to industry and market?
TROP volatility
TROP Average Weekly Movement1.9%
Real Estate Industry Average Movement5.2%
Market Average Movement5.6%
10% most volatile stocks in MY Market11.4%
10% least volatile stocks in MY Market2.8%

Stable Share Price: TROP is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: TROP's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1979834Kah Choyhttps://www.tropicanacorp.com.my

Tropicana Corporation Berhad engages in the property and resort development, and property investment businesses in Malaysia. It operates through three segments: Property Development and Property Management; Property Investment, Recreation and Resort; and Investment Holding and Others. The company develops residential and commercial properties; operates and manages hotels, resorts, golf courses, club houses, and restaurants; invests in commercial and other properties; provides landscape services; and engages in the management and operation of private schools.

Tropicana Corporation Berhad Fundamentals Summary

How do Tropicana Corporation Berhad's earnings and revenue compare to its market cap?
TROP fundamental statistics
Market CapRM1.66b
Earnings (TTM)-RM87.91m
Revenue (TTM)RM858.78m

1.9x

P/S Ratio

-18.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TROP income statement (TTM)
RevenueRM858.78m
Cost of RevenueRM491.54m
Gross ProfitRM367.24m
Other ExpensesRM455.15m
Earnings-RM87.91m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.05
Gross Margin42.76%
Net Profit Margin-10.24%
Debt/Equity Ratio68.2%

How did TROP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 TROP?

Other financial metrics that can be useful for relative valuation.

TROP 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/Revenue7.9x
Enterprise Value/EBITDA208.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does TROP's PS Ratio compare to its peers?

TROP PS Ratio vs Peers
The above table shows the PS ratio for TROP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.1x
YNHPROP YNH Property Bhd
7.7xn/aRM1.8b
OSK OSK Holdings Berhad
1.6x8.2%RM1.8b
MAHSING Mah Sing Group Berhad
0.8x9.2%RM1.4b
MATRIX Matrix Concepts Holdings Berhad
2.2x11.6%RM1.9b
TROP Tropicana Corporation Berhad
1.9xn/aRM1.7b

Price-To-Sales vs Peers: TROP is good value based on its Price-To-Sales Ratio (1.9x) compared to the peer average (3.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: TROP is expensive based on its Price-To-Sales Ratio (1.9x) compared to the MY Real Estate industry average (1.6x)


Price to Sales Ratio vs Fair Ratio

What is TROP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TROP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate TROP's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TROP's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TROP's PEG Ratio to determine if it is good value.


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Future Growth

How is Tropicana Corporation 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


11.9%

Forecasted Real Estate 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 Tropicana Corporation 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.


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  • Take a look at our analysis of TROP’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Tropicana Corporation Berhad performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-20.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TROP is currently unprofitable.

Growing Profit Margin: TROP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TROP is unprofitable, and losses have increased over the past 5 years at a rate of 20.5% per year.

Accelerating Growth: Unable to compare TROP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TROP is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-0.5%).


Return on Equity

High ROE: TROP has a negative Return on Equity (-1.07%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Tropicana Corporation Berhad's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TROP's short term assets (MYR2.2B) exceed its short term liabilities (MYR1.7B).

Long Term Liabilities: TROP's short term assets (MYR2.2B) do not cover its long term liabilities (MYR4.7B).


Debt to Equity History and Analysis

Debt Level: TROP's net debt to equity ratio (56.9%) is considered high.

Reducing Debt: TROP's debt to equity ratio has increased from 53.3% to 68.2% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if TROP's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Tropicana Corporation Berhad current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TROP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TROP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TROP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TROP's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: TROP is not paying a notable dividend for the MY market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TROP has not reported any payouts.


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Management

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

2.9yrs

Average management tenure


CEO

Kah Choy (51 yo)

0.083

Tenure

Mr. Kah Yew Choy serves as Chief Executive Officer at Tropicana Corporation Berhad since May 2022. He had been Executive Vice President and Chief Financial Officer of S P Setia Berhad since April 1, 2016 u...


Leadership Team

Experienced Management: TROP's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: TROP's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 20.9%.


Top Shareholders

Company Information

Tropicana Corporation Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Tropicana Corporation Berhad
  • Ticker: TROP
  • Exchange: KLSE
  • Founded: 1979
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: RM1.665b
  • Shares outstanding: 1.75b
  • Website: https://www.tropicanacorp.com.my

Number of Employees


Location

  • Tropicana Corporation Berhad
  • Tropicana Gardens Office Tower
  • Unit 1301, Level 13
  • Petaling Jaya
  • Selangor
  • 47810
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 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.