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MPI

Malaysian Pacific Industries BerhadKLSE:MPI Stock Report

Market Cap

RM9.1b

7D

1.4%

1Y

155.0%

Updated

23 Sep, 2021

Data

Company Financials +
MPI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health5/6
Dividends0/6

MPI Overview

Malaysian Pacific Industries Berhad, an investment holding company, manufactures, assembles, tests, and sells integrated circuits (ICs), semiconductor devices, electronic components, and lead frames.

Malaysian Pacific Industries Berhad Competitors

Globetronics Technology Bhd

KLSE:GTRONIC

RM1.4b

ViTrox Corporation Berhad

KLSE:VITROX

RM9.4b

Price History & Performance

Summary of all time highs, changes and price drops for Malaysian Pacific Industries Berhad
Historical stock prices
Current Share PriceRM45.64
52 Week HighRM17.62
52 Week LowRM47.20
Beta0.69
1 Month Change2.84%
3 Month Change18.55%
1 Year Change154.97%
3 Year Change268.66%
5 Year Change481.40%
Change since IPO1,052.53%

Recent News & Updates

Sep 06
Investors Shouldn't Be Too Comfortable With Malaysian Pacific Industries Berhad's (KLSE:MPI) Robust Earnings

Investors Shouldn't Be Too Comfortable With Malaysian Pacific Industries Berhad's (KLSE:MPI) Robust Earnings

Malaysian Pacific Industries Berhad ( KLSE:MPI ) just reported some strong earnings, and the market rewarded them with...

Aug 12
Does Malaysian Pacific Industries Berhad (KLSE:MPI) Have A Healthy Balance Sheet?

Does Malaysian Pacific Industries Berhad (KLSE:MPI) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Jul 30
Estimating The Fair Value Of Malaysian Pacific Industries Berhad (KLSE:MPI)

Estimating The Fair Value Of Malaysian Pacific Industries Berhad (KLSE:MPI)

Today we will run through one way of estimating the intrinsic value of Malaysian Pacific Industries Berhad ( KLSE:MPI...

Shareholder Returns

MPIMY SemiconductorMY Market
7D1.4%3.7%-0.7%
1Y155.0%112.0%6.2%

Return vs Industry: MPI exceeded the MY Semiconductor industry which returned 110% over the past year.

Return vs Market: MPI exceeded the MY Market which returned 6.1% over the past year.

Price Volatility

Is MPI's price volatile compared to industry and market?
MPI volatility
MPI Beta0.69
Industry Beta1.13
Market Beta1

Stable Share Price: MPI is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1962n/aManuel Brandulashttps://www.mpind.my

Malaysian Pacific Industries Berhad, an investment holding company, manufactures, assembles, tests, and sells integrated circuits (ICs), semiconductor devices, electronic components, and lead frames. The company offers various IC packages comprising micro lead frame packages; system in packages; small scale ball grid array packages using organic, flex-tape, and ceramic substrates in ball grid and land grid formats; flip chip on lead frame packages; various lower lead count industry standard packages for the manufacturers of micro ICs and components; surface mountable and thermally enhanced packages for power management ICs and power devices; small outline packages; quad flat packages; plastic dual-in-line packages; and plastic leaded chip carrier packages. It also provides turnkey packaging and testing services to the semiconductor industry, as well as for RF, mixed-signal, analog, digital, and power devices.

Malaysian Pacific Industries Berhad Fundamentals Summary

How do Malaysian Pacific Industries Berhad's earnings and revenue compare to its market cap?
MPI fundamental statistics
Market CapRM9.06b
Earnings (TTM)RM271.82m
Revenue (TTM)RM1.99b

33.3x

P/E Ratio

4.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPI income statement (TTM)
RevenueRM1.99b
Cost of RevenueRM1.60b
Gross ProfitRM385.51m
ExpensesRM113.69m
EarningsRM271.82m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.37
Gross Margin19.39%
Net Profit Margin13.67%
Debt/Equity Ratio4.2%

How did MPI perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

22%

Payout Ratio

Valuation

Is Malaysian Pacific Industries Berhad undervalued compared to its fair value and its price relative to the market?

16.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MPI (MYR45.64) is trading below our estimate of fair value (MYR54.59)

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


Price To Earnings Ratio

PE vs Industry: MPI is good value based on its PE Ratio (33.3x) compared to the MY Semiconductor industry average (65.7x).

PE vs Market: MPI is poor value based on its PE Ratio (33.3x) compared to the MY market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: MPI is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: MPI is overvalued based on its PB Ratio (5.3x) compared to the MY Semiconductor industry average (5x).


Future Growth

How is Malaysian Pacific Industries Berhad forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MPI's forecast earnings growth (11.7% per year) is above the savings rate (3.6%).

Earnings vs Market: MPI's earnings (11.7% per year) are forecast to grow faster than the MY market (10.6% per year).

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

Revenue vs Market: MPI's revenue (9.4% per year) is forecast to grow faster than the MY market (6.5% per year).

High Growth Revenue: MPI's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPI's Return on Equity is forecast to be low in 3 years time (15.4%).


Past Performance

How has Malaysian Pacific Industries Berhad performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPI has a high level of non-cash earnings.

Growing Profit Margin: MPI's current net profit margins (13.7%) are higher than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: MPI's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: MPI's earnings growth over the past year (77.7%) exceeds its 5-year average (4.9% per year).

Earnings vs Industry: MPI earnings growth over the past year (77.7%) underperformed the Semiconductor industry 83.3%.


Return on Equity

High ROE: MPI's Return on Equity (16.4%) is considered low.


Financial Health

How is Malaysian Pacific Industries Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: MPI's short term assets (MYR1.4B) exceed its short term liabilities (MYR542.2M).

Long Term Liabilities: MPI's short term assets (MYR1.4B) exceed its long term liabilities (MYR37.5M).


Debt to Equity History and Analysis

Debt Level: MPI's debt to equity ratio (4.2%) is considered satisfactory.

Reducing Debt: MPI's debt to equity ratio has increased from 2.8% to 4.2% over the past 5 years.

Debt Coverage: MPI's debt is well covered by operating cash flow (678.7%).

Interest Coverage: MPI's interest payments on its debt are well covered by EBIT (344.2x coverage).


Balance Sheet


Dividend

What is Malaysian Pacific Industries Berhad current dividend yield, its reliability and sustainability?

0.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MPI's dividend (0.66%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.55%).

High Dividend: MPI's dividend (0.66%) is low compared to the top 25% of dividend payers in the MY market (4.23%).


Stability and Growth of Payments

Stable Dividend: MPI is not paying a notable dividend for the MY market, therefore no need to check if payments are stable.

Growing Dividend: MPI is not paying a notable dividend for the MY market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MPI is not paying a notable dividend for the MY market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MPI's dividend in 3 years as they are not forecast to pay a notable one for the MY market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Manuel Brandulas (50 yo)

5.08yrs

Tenure

Mr. Manuel Zarauza Brandulas has been Group Managing Director and Non-Independent Director at Malaysian Pacific Industries Berhad since August 08, 2016. Mr. Brandulas joined HLMG Management Co Sdn Bhd (HLM...


Leadership Team

Experienced Management: MPI's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: MPI's board of directors are considered experienced (6.5 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 4.1%.


Top Shareholders

Company Information

Malaysian Pacific Industries Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Malaysian Pacific Industries Berhad
  • Ticker: MPI
  • Exchange: KLSE
  • Founded: 1962
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: RM9.055b
  • Shares outstanding: 198.40m
  • Website: https://www.mpind.my

Number of Employees


Location

  • Malaysian Pacific Industries Berhad
  • Jalan Lapangan Terbang
  • Ipoh
  • Perak
  • 31350
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 15:53
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.