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PADI

Padini Holdings Berhad KLSE:PADINI Stock Report

Last Price

RM3.36

Market Cap

RM2.2b

7D

1.5%

1Y

20.0%

Updated

16 May, 2022

Data

Company Financials +
PADINI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance3/6
Financial Health6/6
Dividends3/6

PADINI Stock Overview

Padini Holdings Berhad, an investment holding company, engages in the retail of garments and ancillary products.

Padini Holdings Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Padini Holdings Berhad
Historical stock prices
Current Share PriceRM3.36
52 Week HighRM3.51
52 Week LowRM2.63
Beta0.69
1 Month Change1.21%
3 Month Change10.53%
1 Year Change20.00%
3 Year Change-10.40%
5 Year Change-1.18%
Change since IPO2,000.01%

Recent News & Updates

Shareholder Returns

PADINIMY Specialty RetailMY Market
7D1.5%0.2%-1.6%
1Y20.0%-1.0%-4.2%

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

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

Price Volatility

Is PADINI's price volatile compared to industry and market?
PADINI volatility
PADINI Average Weekly Movement4.1%
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: PADINI is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PADINI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19712,846Pang Yonghttps://corporate.padini.com

Padini Holdings Berhad, an investment holding company, engages in the retail of garments and ancillary products. It operates through Apparels and Footwear, and Management Service segments. The company deals in, promotes, and markets ladies’ shoes, garments, and accessories; and children’s garments and accessories.

Padini Holdings Berhad Fundamentals Summary

How do Padini Holdings Berhad's earnings and revenue compare to its market cap?
PADINI fundamental statistics
Market CapRM2.21b
Earnings (TTM)RM66.71m
Revenue (TTM)RM981.27m

33.1x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PADINI income statement (TTM)
RevenueRM981.27m
Cost of RevenueRM617.02m
Gross ProfitRM364.25m
Other ExpensesRM297.54m
EarningsRM66.71m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin37.12%
Net Profit Margin6.80%
Debt/Equity Ratio0%

How did PADINI perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

49%

Payout Ratio

Valuation

Is Padini 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


10.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PADINI (MYR3.36) is trading below our estimate of fair value (MYR3.75)

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


Price To Earnings Ratio

PE vs Industry: PADINI is poor value based on its PE Ratio (33.1x) compared to the MY Specialty Retail industry average (24.6x).

PE vs Market: PADINI is poor value based on its PE Ratio (33.1x) compared to the MY market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: PADINI is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: PADINI is overvalued based on its PB Ratio (2.7x) compared to the MY Specialty Retail industry average (1.8x).


Future Growth

How is Padini Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PADINI's forecast earnings growth (19% per year) is above the savings rate (3.6%).

Earnings vs Market: PADINI's earnings (19% per year) are forecast to grow faster than the MY market (10.8% per year).

High Growth Earnings: PADINI's earnings are forecast to grow, but not significantly.

Revenue vs Market: PADINI's revenue (11.6% per year) is forecast to grow faster than the MY market (6.6% per year).

High Growth Revenue: PADINI's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PADINI's Return on Equity is forecast to be low in 3 years time (14.5%).


Past Performance

How has Padini 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


-23.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PADINI has a large one-off gain of MYR16.3M impacting its December 31 2021 financial results.

Growing Profit Margin: PADINI's current net profit margins (6.8%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: PADINI's earnings have declined by 23.3% per year over the past 5 years.

Accelerating Growth: PADINI's earnings growth over the past year (114.2%) exceeds its 5-year average (-23.3% per year).

Earnings vs Industry: PADINI earnings growth over the past year (114.2%) exceeded the Specialty Retail industry 24.2%.


Return on Equity

High ROE: PADINI's Return on Equity (8%) is considered low.


Financial Health

How is Padini Holdings 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: PADINI's short term assets (MYR912.8M) exceed its short term liabilities (MYR220.0M).

Long Term Liabilities: PADINI's short term assets (MYR912.8M) exceed its long term liabilities (MYR292.2M).


Debt to Equity History and Analysis

Debt Level: PADINI is debt free.

Reducing Debt: PADINI has no debt compared to 5 years ago when its debt to equity ratio was 22%.

Debt Coverage: PADINI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PADINI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Padini 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


1.49%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PADINI's dividend (1.49%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.85%).

High Dividend: PADINI's dividend (1.49%) is low compared to the top 25% of dividend payers in the MY market (4.62%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (49.3%), PADINI's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (10.9%), PADINI'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?

7.2yrs

Average board tenure


CEO

Pang Yong (70 yo)

no data

Tenure

RM1,024,493

Compensation

Mr. Pang Chaun Yong serves as the Managing Director of Padini Holdings Berhad. Mr. Yong is an Entrepreneur with hands-on experience in the textiles and apparel industry. Mr. Yong is primarily responsible f...


CEO Compensation Analysis

Compensation vs Market: Pang's total compensation ($USD233.48K) is about average for companies of similar size in the MY market ($USD281.34K).

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


Board Members

Experienced Board: PADINI's board of directors are considered experienced (7.2 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

Padini Holdings Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Padini Holdings Berhad
  • Ticker: PADINI
  • Exchange: KLSE
  • Founded: 1971
  • Industry: Apparel Retail
  • Sector: Retail
  • Implied Market Cap: RM2.211b
  • Shares outstanding: 657.91m
  • Website: https://corporate.padini.com

Number of Employees


Location

  • Padini Holdings Berhad
  • No. 19, Jalan Jurunilai U1/20
  • Hicom Glenmarie Industrial Park
  • Shah Alam
  • Selangor
  • 40150
  • 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.