Fiamma Holdings Berhad (KLSE:FIAMMA) - Share price, News & Analysis

FIAMMA fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	4/6

FIAMMA Stock Overview

Fiamma Holdings Berhad engages in the distribution and servicing of electrical home appliances primarily in Malaysia.

Rewards

PE ratio (15.1x) is below the MY market (15.4x)

Risk Analysis

Unstable dividend track record

Shareholders have been diluted in the past year

Fiamma Holdings Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fiamma Holdings Berhad
Historical stock prices
Current Share Price	RM0.94
52 Week High	RM1.05
52 Week Low	RM0.54
Beta	0.26
1 Month Change	-6.00%
3 Month Change	54.10%
1 Year Change	57.98%
3 Year Change	97.90%
5 Year Change	66.37%
Change since IPO	36.23%

Recent News & Updates

Apr 02

Fiamma Holdings Berhad's (KLSE:FIAMMA) Returns On Capital Are Heading Higher

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...

Shareholder Returns

	FIAMMA	MY Retail Distributors	MY Market
7D	0.5%	0.6%	0.5%
1Y	58.0%	-1.9%	-2.4%

Return vs Industry: FIAMMA exceeded the MY Retail Distributors industry which returned -3% over the past year.

Return vs Market: FIAMMA exceeded the MY Market which returned -2.8% over the past year.

Price Volatility

Is FIAMMA's price volatile compared to industry and market?
FIAMMA volatility
FIAMMA Average Weekly Movement	6.0%
Retail Distributors Industry Average Movement	6.0%
Market Average Movement	5.9%
10% most volatile stocks in MY Market	11.7%
10% least volatile stocks in MY Market	3.1%

Stable Share Price: FIAMMA is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FIAMMA's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1979	n/a	Choo Lim	https://www.fiamma.com.my

Fiamma Holdings Berhad engages in the distribution and servicing of electrical home appliances primarily in Malaysia. It operates through three segments: Trading and Services, Property development, and Investment Holding and Property Investment. The company distributes and serves electrical home appliances, sanitaryware, kitchen and wardrobe system and built-in furniture, household products, bathroom accessories, home furniture, medical devices, and healthcare products through its in-house brands including Elba, Faber, Rubine, Tuscani, Haustern, and Ebac, as well as through its international brands, such as Braun, Speed Queen, and Beurer.

Fiamma Holdings Berhad Fundamentals Summary

How do Fiamma Holdings Berhad's earnings and revenue compare to its market cap?
FIAMMA fundamental statistics
Market Cap	RM476.50m
Earnings (TTM)	RM31.50m
Revenue (TTM)	RM331.19m

15.1x

P/E Ratio

1.4x

P/S Ratio

Is FIAMMA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FIAMMA income statement (TTM)
Revenue	RM331.19m
Cost of Revenue	RM225.93m
Gross Profit	RM105.26m
Other Expenses	RM73.75m
Earnings	RM31.50m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.062
Gross Margin	31.78%
Net Profit Margin	9.51%
Debt/Equity Ratio	26.9%

How did FIAMMA perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

51%

Payout Ratio

Valuation

Is Fiamma Holdings Berhad undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

15.13x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: FIAMMA (MYR0.94) is trading above our estimate of fair value (MYR0.52)

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

Price To Earnings Ratio

PE vs Industry: FIAMMA is poor value based on its PE Ratio (15.1x) compared to the MY Retail Distributors industry average (9.6x).

PE vs Market: FIAMMA is good value based on its PE Ratio (15.1x) compared to the MY market (15.4x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: FIAMMA is overvalued based on its PB Ratio (0.9x) compared to the MY Retail Distributors industry average (0.6x).

Future Growth

How is Fiamma Holdings 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

-1.0%

Forecasted Retail 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 Fiamma Holdings 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.

Past Performance

How has Fiamma Holdings 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

8.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FIAMMA has high quality earnings.

Growing Profit Margin: FIAMMA's current net profit margins (9.5%) are higher than last year (9.5%).

Past Earnings Growth Analysis

Earnings Trend: FIAMMA's earnings have grown by 8% per year over the past 5 years.

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

Earnings vs Industry: FIAMMA had negative earnings growth (-14.7%) over the past year, making it difficult to compare to the Retail Distributors industry average (13%).

Return on Equity

High ROE: FIAMMA's Return on Equity (6%) is considered low.

Financial Health

How is Fiamma Holdings Berhad's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: FIAMMA's short term assets (MYR500.4M) exceed its short term liabilities (MYR185.0M).

Long Term Liabilities: FIAMMA's short term assets (MYR500.4M) exceed its long term liabilities (MYR45.5M).

Debt to Equity History and Analysis

Debt Level: FIAMMA's net debt to equity ratio (4.8%) is considered satisfactory.

Reducing Debt: FIAMMA's debt to equity ratio has reduced from 36.5% to 26.9% over the past 5 years.

Debt Coverage: FIAMMA's debt is not well covered by operating cash flow (13.9%).

Interest Coverage: FIAMMA's interest payments on its debt are well covered by EBIT (16.3x coverage).

Balance Sheet

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.40%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FIAMMA's dividend (3.4%) is higher than the bottom 25% of dividend payers in the MY market (1.85%).

High Dividend: FIAMMA's dividend (3.4%) is low compared to the top 25% of dividend payers in the MY market (4.61%).

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.5%), FIAMMA's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (77.8%), FIAMMA's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

12.0yrs

Average management tenure

CEO

Choo Lim (64 yo)

no data

Tenure

RM81,000

Compensation

Mr. Choo Hong Lim founded Fiamma Holdings Berhad and serves as its Chief Executive Officer and Managing Director. Mr. Lim is a businessman and entrepreneur and has business experience dealing in home appli...

Leadership Team

Experienced Management: FIAMMA's management team is seasoned and experienced (12 years average tenure).

Board Members

Experienced Board: FIAMMA's board of directors are considered experienced (4.1 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 been diluted in the past year, with total shares outstanding growing by 2.8%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2022/03/31
Annual Earnings	2021/09/30