Joe Holding Berhad (KLSE:JOE) - Share price, News & Analysis

JOE fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

JOE Stock Overview

Joe Holding Berhad, an investment holding company, manufactures, assembles, and sells automotive batteries and components in Malaysia, Papua New Guinea, and Nigeria.

Risk Analysis

Earnings have declined by 75.7% per year over past 5 years

Highly volatile share price over the past 3 months

Shareholders have been substantially diluted in the past year

Does not have meaningful revenue (MYR19M)

+ 1 more risk

Joe Holding Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Joe Holding Berhad
Historical stock prices
Current Share Price	RM0.04
52 Week High	RM0.055
52 Week Low	RM0.025
Beta	0.15
1 Month Change	14.29%
3 Month Change	33.33%
1 Year Change	-11.11%
3 Year Change	-69.23%
5 Year Change	-63.64%
Change since IPO	-84.91%

Recent News & Updates

May 05

Joe Holding Berhad (KLSE:JOE) Is In A Good Position To Deliver On Growth Plans

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Jan 20

We're Keeping An Eye On Joe Holding Berhad's (KLSE:JOE) Cash Burn Rate

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Oct 07

There Are Some Reasons To Suggest That Joe Holding Berhad's (KLSE:JOE) Earnings A Poor Reflection Of Profitability

Joe Holding Berhad ( KLSE:JOE ) posted some decent earnings, but shareholders didn't react strongly. We think that they...

Sep 14

Is Joe Holding Berhad (KLSE:JOE) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Shareholder Returns

	JOE	MY Retail Distributors	MY Market
7D	14.3%	0.8%	-0.2%
1Y	-11.1%	-2.9%	-3.5%

Return vs Industry: JOE underperformed the MY Retail Distributors industry which returned -2.9% over the past year.

Return vs Market: JOE underperformed the MY Market which returned -3.5% over the past year.

Price Volatility

Is JOE's price volatile compared to industry and market?
JOE volatility
JOE Average Weekly Movement	23.2%
Retail Distributors Industry Average Movement	6.0%
Market Average Movement	6.0%
10% most volatile stocks in MY Market	11.9%
10% least volatile stocks in MY Market	3.1%

Stable Share Price: JOE is more volatile than 90% of MY stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: JOE's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of MY stocks.

About the Company

Founded	Employees	CEO	Website
1968	n/a	n/a	https://www.gp-products.com

Joe Holding Berhad, an investment holding company, manufactures, assembles, and sells automotive batteries and components in Malaysia, Papua New Guinea, and Nigeria. The company also provides valve regulated/sealed lead acid and motorcycle batteries, automotive lubricants, and engine oil, as well as warehouse storage service. It markets its products under the GP brand.

Joe Holding Berhad Fundamentals Summary

How do Joe Holding Berhad's earnings and revenue compare to its market cap?
JOE fundamental statistics
Market Cap	RM107.07m
Earnings (TTM)	-RM26.87m
Revenue (TTM)	RM18.99m

6.5x

P/S Ratio

-4.6x

P/E Ratio

Is JOE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
JOE income statement (TTM)
Revenue	RM18.99m
Cost of Revenue	RM15.46m
Gross Profit	RM3.52m
Other Expenses	RM30.40m
Earnings	-RM26.87m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0088
Gross Margin	18.55%
Net Profit Margin	-141.55%
Debt/Equity Ratio	0.0%

How did JOE perform over the long term?

See historical performance and comparison

Valuation

Is Joe Holding 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

0.54x

Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

PE vs Industry: JOE is unprofitable, so we can't compare its PE Ratio to the MY Retail Distributors industry average.

PE vs Market: JOE is unprofitable, so we can't compare its PE Ratio to the MY market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: JOE is good value based on its PB Ratio (0.5x) compared to the MY Retail Distributors industry average (0.7x).

Future Growth

How is Joe Holding 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

1.1%

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 Joe Holding 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 Joe Holding 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

-75.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JOE is currently unprofitable.

Growing Profit Margin: JOE is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: JOE is unprofitable, and losses have increased over the past 5 years at a rate of 75.7% per year.

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

Earnings vs Industry: JOE is unprofitable, making it difficult to compare its past year earnings growth to the Retail Distributors industry (13%).

Return on Equity

High ROE: JOE has a negative Return on Equity (-11.53%), as it is currently unprofitable.

Financial Health

How is Joe Holding Berhad's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: JOE's short term assets (MYR175.6M) exceed its short term liabilities (MYR11.0M).

Long Term Liabilities: JOE's short term assets (MYR175.6M) exceed its long term liabilities (MYR4.2M).

Debt to Equity History and Analysis

Debt Level: JOE is debt free.

Reducing Debt: JOE had no debt 5 years ago.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: JOE has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: JOE has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 53.1% each year.

Dividend

What is Joe Holding 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 JOE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JOE'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 JOE's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

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

Next Steps

Explore strong dividend paying companies in the Retail industry.

Management

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

1.8yrs

Average management tenure

CEO

Joe Holding Berhad has no CEO, or we have no data on them.

Leadership Team

Experienced Management: JOE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Experienced Board: JOE'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 substantially diluted in the past year, with total shares outstanding growing by 100%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2021/12/31
Annual Earnings	2021/03/31