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EFOR

Excel Force MSC Berhad KLSE:EFORCE Stock Report

Last Price

RM0.43

Market Cap

RM243.3m

7D

2.4%

1Y

-17.9%

Updated

25 Jun, 2022

Data

Company Financials
EFORCE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

EFORCE Stock Overview

Excel Force MSC Berhad, together with its subsidiaries, develops, provides, and maintains computer software application solutions for the financial services industry in Malaysia.

Excel Force MSC Berhad Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Excel Force MSC Berhad
Historical stock prices
Current Share PriceRM0.43
52 Week HighRM0.67
52 Week LowRM0.42
Beta1.26
1 Month Change-3.33%
3 Month Change-15.53%
1 Year Change-17.93%
3 Year Change11.54%
5 Year Change-64.34%
Change since IPO335.02%

Recent News & Updates

Dec 17
Excel Force MSC Berhad (KLSE:EFORCE) Is Looking To Continue Growing Its Returns On Capital

Excel Force MSC Berhad (KLSE:EFORCE) Is Looking To Continue Growing Its Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...

Shareholder Returns

EFORCEMY SoftwareMY Market
7D2.4%-1.4%-1.2%
1Y-17.9%-34.6%-8.7%

Return vs Industry: EFORCE exceeded the MY Software industry which returned -34.6% over the past year.

Return vs Market: EFORCE underperformed the MY Market which returned -8.7% over the past year.

Price Volatility

Is EFORCE's price volatile compared to industry and market?
EFORCE volatility
EFORCE Average Weekly Movement3.2%
Software Industry Average Movement7.5%
Market Average Movement5.5%
10% most volatile stocks in MY Market11.4%
10% least volatile stocks in MY Market2.9%

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

Volatility Over Time: EFORCE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199476Kok Wonghttps://www.excelforce.com.my

Excel Force MSC Berhad, together with its subsidiaries, develops, provides, and maintains computer software application solutions for the financial services industry in Malaysia. It operates through three segments: Application Solutions, Maintenance Services, and Application Services Provider. The company’s products include CyberBroker Front Office for client-server, web, and mobile-based stock trading system; CyberBroker Middle Office; CyberBroker Back Office, including custodian and nominee system; Stockbanking system, a share margin financing system; and fundamental analysis system.

Excel Force MSC Berhad Fundamentals Summary

How do Excel Force MSC Berhad's earnings and revenue compare to its market cap?
EFORCE fundamental statistics
Market CapRM243.33m
Earnings (TTM)RM11.20m
Revenue (TTM)RM36.52m

21.7x

P/E Ratio

6.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EFORCE income statement (TTM)
RevenueRM36.52m
Cost of RevenueRM12.07m
Gross ProfitRM24.46m
Other ExpensesRM13.26m
EarningsRM11.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.02
Gross Margin66.97%
Net Profit Margin30.67%
Debt/Equity Ratio0%

How did EFORCE perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

75%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is EFORCE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EFORCE?

Other financial metrics that can be useful for relative valuation.

EFORCE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.9x
Enterprise Value/EBITDA13.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does EFORCE's PE Ratio compare to its peers?

EFORCE PE Ratio vs Peers
The above table shows the PE ratio for EFORCE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.6x

Price-To-Earnings vs Peers: EFORCE is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the peer average (17.6x).


Price to Earnings Ratio vs Industry

How does EFORCE's PE Ratio compare vs other companies in the Software Industry?

Price-To-Earnings vs Industry: EFORCE is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the MY Software industry average (14.9x)


Price to Earnings Ratio vs Fair Ratio

What is EFORCE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EFORCE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EFORCE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of EFORCE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EFORCE (MYR0.44) is trading above our estimate of fair value (MYR0.23)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Excel Force MSC 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


36.3%

Forecasted Software 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 Excel Force MSC 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.


Discover growth companies

Past Performance

How has Excel Force MSC 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


18.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EFORCE has high quality earnings.

Growing Profit Margin: EFORCE's current net profit margins (30.7%) are lower than last year (37.6%).


Past Earnings Growth Analysis

Earnings Trend: EFORCE's earnings have grown by 18.3% per year over the past 5 years.

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

Earnings vs Industry: EFORCE had negative earnings growth (-13.9%) over the past year, making it difficult to compare to the Software industry average (-16.3%).


Return on Equity

High ROE: EFORCE's Return on Equity (10.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Excel Force MSC 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: EFORCE's short term assets (MYR57.2M) exceed its short term liabilities (MYR7.5M).

Long Term Liabilities: EFORCE's short term assets (MYR57.2M) exceed its long term liabilities (MYR545.0K).


Debt to Equity History and Analysis

Debt Level: EFORCE is debt free.

Reducing Debt: EFORCE has no debt compared to 5 years ago when its debt to equity ratio was 11.1%.

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

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


Balance Sheet


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Dividend

What is Excel Force MSC 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


3.45%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EFORCE's dividend (3.45%) is higher than the bottom 25% of dividend payers in the MY market (2.15%).

High Dividend: EFORCE's dividend (3.45%) is low compared to the top 25% of dividend payers in the MY market (4.91%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (74.9%), EFORCE's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (71.7%), EFORCE'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?

3.8yrs

Average management tenure


CEO

Kok Wong (52 yo)

1.92yrs

Tenure

Mr. Kok Chau Wong has been Managing Director at Excel Force MSC Berhad since July 1, 2020 and serves as its Executive Director since November 24, 2016. Mr. Wong served as Manager of Corporate Advisory Serv...


Leadership Team

Experienced Management: EFORCE's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: EFORCE's board of directors are not considered experienced ( 2.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Excel Force MSC Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Excel Force MSC Berhad
  • Ticker: EFORCE
  • Exchange: KLSE
  • Founded: 1994
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: RM243.330m
  • Shares outstanding: 559.38m
  • Website: https://www.excelforce.com.my

Number of Employees


Location

  • Excel Force MSC Berhad
  • MYEG Tower
  • Level 31
  • Petaling Jaya
  • Selangor
  • 47820
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.