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BONI

Bonia Corporation Berhad KLSE:BONIA Stock Report

Last Price

RM2.47

Market Cap

RM496.5m

7D

6.5%

1Y

169.9%

Updated

16 May, 2022

Data

Company Financials +
BONIA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends2/6

BONIA Stock Overview

Bonia Corporation Berhad, an investment holding company, engages in the design, manufacture, promotion, marketing, distribution, wholesale, and retail of leatherwear, footwear, apparel, accessories, and eyewear for men and women.

Bonia Corporation Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bonia Corporation Berhad
Historical stock prices
Current Share PriceRM2.47
52 Week HighRM2.55
52 Week LowRM0.81
Beta1.32
1 Month Change16.51%
3 Month Change28.65%
1 Year Change169.95%
3 Year Change124.54%
5 Year Change-6.44%
Change since IPO12.27%

Recent News & Updates

Mar 28
Returns On Capital At Bonia Corporation Berhad (KLSE:BONIA) Paint A Concerning Picture

Returns On Capital At Bonia Corporation Berhad (KLSE:BONIA) Paint A Concerning Picture

When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...

Shareholder Returns

BONIAMY Specialty RetailMY Market
7D6.5%0.8%-0.5%
1Y169.9%-3.5%-3.4%

Return vs Industry: BONIA exceeded the MY Specialty Retail industry which returned -1% over the past year.

Return vs Market: BONIA exceeded the MY Market which returned -4.2% over the past year.

Price Volatility

Is BONIA's price volatile compared to industry and market?
BONIA volatility
BONIA Average Weekly Movement9.7%
Specialty Retail Industry Average Movement5.0%
Market Average Movement6.0%
10% most volatile stocks in MY Market11.8%
10% least volatile stocks in MY Market3.2%

Stable Share Price: BONIA is more volatile than 75% of MY stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: BONIA's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of MY stocks.

About the Company

FoundedEmployeesCEOWebsite
1974615Sang Chianghttps://www.bonia.com

Bonia Corporation Berhad, an investment holding company, engages in the design, manufacture, promotion, marketing, distribution, wholesale, and retail of leatherwear, footwear, apparel, accessories, and eyewear for men and women. It operates through Retailing, Manufacturing, and Investment and Property Development segments. The company offers a range of bags, accessories, time pieces, and shoes.

Bonia Corporation Berhad Fundamentals Summary

How do Bonia Corporation Berhad's earnings and revenue compare to its market cap?
BONIA fundamental statistics
Market CapRM496.46m
Earnings (TTM)RM17.11m
Revenue (TTM)RM260.79m

29.0x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BONIA income statement (TTM)
RevenueRM260.79m
Cost of RevenueRM119.15m
Gross ProfitRM141.64m
Other ExpensesRM124.53m
EarningsRM17.11m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.085
Gross Margin54.31%
Net Profit Margin6.56%
Debt/Equity Ratio21.3%

How did BONIA perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

47%

Payout Ratio

Valuation

Is Bonia Corporation Berhad undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


17.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BONIA (MYR2.47) is trading below our estimate of fair value (MYR2.98)

Significantly Below Fair Value: BONIA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BONIA is poor value based on its PE Ratio (29x) compared to the MY Specialty Retail industry average (24.6x).

PE vs Market: BONIA is poor value based on its PE Ratio (29x) compared to the MY market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: BONIA is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: BONIA is good value based on its PB Ratio (1.3x) compared to the MY Specialty Retail industry average (1.8x).


Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BONIA's forecast earnings growth (22.3% per year) is above the savings rate (3.6%).

Earnings vs Market: BONIA's earnings (22.3% per year) are forecast to grow faster than the MY market (10.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BONIA's revenue (12.5% per year) is forecast to grow faster than the MY market (6.6% per year).

High Growth Revenue: BONIA's revenue (12.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BONIA's Return on Equity is forecast to be low in 3 years time (8.5%).


Past Performance

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

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-21.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BONIA has a large one-off gain of MYR6.0M impacting its December 31 2021 financial results.

Growing Profit Margin: BONIA's current net profit margins (6.6%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: BONIA's earnings have declined by 21.7% per year over the past 5 years.

Accelerating Growth: BONIA's earnings growth over the past year (243.4%) exceeds its 5-year average (-21.7% per year).

Earnings vs Industry: BONIA earnings growth over the past year (243.4%) exceeded the Specialty Retail industry 24.2%.


Return on Equity

High ROE: BONIA's Return on Equity (5.2%) is considered low.


Financial Health

How is Bonia Corporation 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: BONIA's short term assets (MYR295.4M) exceed its short term liabilities (MYR90.6M).

Long Term Liabilities: BONIA's short term assets (MYR295.4M) exceed its long term liabilities (MYR116.7M).


Debt to Equity History and Analysis

Debt Level: BONIA has more cash than its total debt.

Reducing Debt: BONIA's debt to equity ratio has reduced from 35.8% to 21.3% over the past 5 years.

Debt Coverage: BONIA's debt is well covered by operating cash flow (84.9%).

Interest Coverage: BONIA's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


Dividend

What is Bonia Corporation 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

  • Future Dividend Coverage


1.62%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BONIA's dividend (1.62%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.85%).

High Dividend: BONIA's dividend (1.62%) is low compared to the top 25% of dividend payers in the MY market (4.62%).


Stability and Growth of Payments

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

Growing Dividend: BONIA's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (46.8%), BONIA's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (6.8%), BONIA's dividend payments are thoroughly covered by cash flows.


Next Steps

Management

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

7.7yrs

Average management tenure


CEO

Sang Chiang (68 yo)

3.58yrs

Tenure

RM273,796

Compensation

Mr. Sang Sem Chiang has been Executive Chairman at Bonia Corporation Berhad since January 01, 2020. He has been Executive Director of Bonia Corporation Berhad since June 16, 1994 and its Chief Executive Of...


CEO Compensation Analysis

Compensation vs Market: Sang's total compensation ($USD62.40K) is below average for companies of similar size in the MY market ($USD119.06K).

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


Leadership Team

Experienced Management: BONIA's management team is seasoned and experienced (7.7 years average tenure).


Board Members

Experienced Board: BONIA's board of directors are considered experienced (8.3 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

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


Key Information

  • Name: Bonia Corporation Berhad
  • Ticker: BONIA
  • Exchange: KLSE
  • Founded: 1974
  • Industry: Apparel Retail
  • Sector: Retail
  • Implied Market Cap: RM496.458m
  • Shares outstanding: 201.00m
  • Website: https://www.bonia.com

Number of Employees


Location

  • Bonia Corporation Berhad
  • Ikon Connaught
  • Level 6
  • Kuala Lumpur
  • Wilayah Persekutuan
  • 56000
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/13 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.