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MESB

MESB Berhad KLSE:MESB Stock Report

Last Price

RM0.48

Market Cap

RM53.8m

7D

-3.0%

1Y

0%

Updated

15 May, 2022

Data

Company Financials
MESB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

MESB Stock Overview

MESB Berhad, an investment holding company, engages in trading and retailing leather products, apparels, and accessories for men, women, and children and babies primarily in Malaysia.

MESB Berhad Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for MESB Berhad
Historical stock prices
Current Share PriceRM0.48
52 Week HighRM0.62
52 Week LowRM0.41
Beta0.82
1 Month Change-8.49%
3 Month Change-7.62%
1 Year Change0%
3 Year Change64.41%
5 Year Change-13.39%
Change since IPO-81.58%

Recent News & Updates

Shareholder Returns

MESBMY Specialty RetailMY Market
7D-3.0%0.2%-1.6%
1Y0%-1.0%-4.2%

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

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

Price Volatility

Is MESB's price volatile compared to industry and market?
MESB volatility
MESB Average Weekly Movement4.9%
Specialty Retail Industry Average Movement4.9%
Market Average Movement6.0%
10% most volatile stocks in MY Market11.8%
10% least volatile stocks in MY Market3.1%

Stable Share Price: MESB is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MESB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19951,124Lee Lokehttps://www.mesbbhd.com

MESB Berhad, an investment holding company, engages in trading and retailing leather products, apparels, and accessories for men, women, and children and babies primarily in Malaysia. It offers ladies handbags and small leather goods; gents bags and accessories; and men’s small leather goods. The company sells its products through approximately 783 consignment counters in departmental stores and 6 boutiques in shopping malls, as well as through miroza.com.my, an e-commerce site and e-commerce platforms, such as Lazada and Shopee.

MESB Berhad Fundamentals Summary

How do MESB Berhad's earnings and revenue compare to its market cap?
MESB fundamental statistics
Market CapRM53.84m
Earnings (TTM)RM10.90m
Revenue (TTM)RM145.90m

4.9x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MESB income statement (TTM)
RevenueRM145.90m
Cost of RevenueRM66.34m
Gross ProfitRM79.56m
Other ExpensesRM68.67m
EarningsRM10.90m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.098
Gross Margin54.53%
Net Profit Margin7.47%
Debt/Equity Ratio19.8%

How did MESB perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MESB (MYR0.49) is trading below our estimate of fair value (MYR2)

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


Price To Earnings Ratio

PE vs Industry: MESB is good value based on its PE Ratio (4.9x) compared to the MY Specialty Retail industry average (24.6x).

PE vs Market: MESB is good value based on its PE Ratio (4.9x) compared to the MY market (15.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MESB is good value based on its PB Ratio (0.6x) compared to the MY Specialty Retail industry average (1.8x).


Future Growth

How is MESB 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


20.1%

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 MESB 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 MESB 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


-10.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MESB has a large one-off gain of MYR3.4M impacting its December 31 2021 financial results.

Growing Profit Margin: MESB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MESB has become profitable over the past 5 years, growing earnings by -10.4% per year.

Accelerating Growth: MESB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MESB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (24.2%).


Return on Equity

High ROE: MESB's Return on Equity (12.5%) is considered low.


Financial Health

How is MESB 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: MESB's short term assets (MYR143.3M) exceed its short term liabilities (MYR61.6M).

Long Term Liabilities: MESB's short term assets (MYR143.3M) exceed its long term liabilities (MYR1.1M).


Debt to Equity History and Analysis

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

Reducing Debt: MESB's debt to equity ratio has reduced from 39% to 19.8% over the past 5 years.

Debt Coverage: MESB's debt is well covered by operating cash flow (95.5%).

Interest Coverage: MESB's interest payments on its debt are well covered by EBIT (26.9x coverage).


Balance Sheet


Dividend

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

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


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Lee Loke (42 yo)

5.92yrs

Tenure

RM22,400

Compensation

Mr. Loke Lee Ping has been Chief Executive Officer of MESB Bhd since June 1, 2016 and its Executive Director since October 16, 2015. Mr. Loke is responsible for overall business development, management, fi...


CEO Compensation Analysis

Compensation vs Market: Lee's total compensation ($USD5.10K) is below average for companies of similar size in the MY market ($USD119.06K).

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


Leadership Team

Experienced Management: MESB's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: MESB's board of directors are considered experienced (6 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 4%.


Top Shareholders

Company Information

MESB Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: MESB Berhad
  • Ticker: MESB
  • Exchange: KLSE
  • Founded: 1995
  • Industry: Apparel Retail
  • Sector: Retail
  • Implied Market Cap: RM53.842m
  • Shares outstanding: 111.01m
  • Website: https://www.mesbbhd.com

Number of Employees


Location

  • MESB Berhad
  • Lot 1903A
  • 1st Floor
  • Seri Kembangan
  • Selangor
  • 43300
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 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.