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MYEG

My E.G. Services BerhadKLSE:MYEG Stock Report

Last Price

RM0.96

Market Cap

RM7.0b

7D

-7.2%

1Y

-1.0%

Updated

20 Jan, 2022

Data

Company Financials +
MYEG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends4/6

MYEG Stock Overview

My E.G. Services Berhad, an investment holding company, develops and implements electronic government services project, and provides other related services in Malaysia and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for My E.G. Services Berhad
Historical stock prices
Current Share PriceRM0.96
52 Week HighRM1.15
52 Week LowRM0.78
Beta1.15
1 Month Change-7.21%
3 Month Change-7.21%
1 Year Change-1.03%
3 Year Change93.00%
5 Year Change21.38%
Change since IPO3,199.37%

Recent News & Updates

Jan 10
These 4 Measures Indicate That My E.G. Services Berhad (KLSE:MYEG) Is Using Debt Reasonably Well

These 4 Measures Indicate That My E.G. Services Berhad (KLSE:MYEG) Is Using Debt Reasonably Well

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

Oct 25
Capital Allocation Trends At My E.G. Services Berhad (KLSE:MYEG) Aren't Ideal

Capital Allocation Trends At My E.G. Services Berhad (KLSE:MYEG) Aren't Ideal

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Oct 11
At RM1.06, Is It Time To Put My E.G. Services Berhad (KLSE:MYEG) On Your Watch List?

At RM1.06, Is It Time To Put My E.G. Services Berhad (KLSE:MYEG) On Your Watch List?

My E.G. Services Berhad ( KLSE:MYEG ), might not be a large cap stock, but it led the KLSE gainers with a relatively...

Shareholder Returns

MYEGMY ITMY Market
7D-7.2%-4.6%-2.7%
1Y-1.0%5.7%-4.5%

Return vs Industry: MYEG underperformed the MY IT industry which returned 5.7% over the past year.

Return vs Market: MYEG exceeded the MY Market which returned -4.5% over the past year.

Price Volatility

Is MYEG's price volatile compared to industry and market?
MYEG volatility
MYEG Average Weekly Movement4.4%
IT Industry Average Movement6.7%
Market Average Movement5.4%
10% most volatile stocks in MY Market12.6%
10% least volatile stocks in MY Market2.7%

Stable Share Price: MYEG is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
20002,482Thean Wonghttps://www.myeg.com.my

My E.G. Services Berhad, an investment holding company, develops and implements electronic government services project, and provides other related services in Malaysia and internationally. The company also offers software solutions and maintenance services; auto insurance intermediary and other related ancillary services; management and consultancy services; advertisement services; electronic commerce services; and foreign worker recruitment and placement services. It operates and manages automotive classified web portal and other value added services for the automotive classified web portal; undertakes finance leasing and other credit granting activities; and provides and operates an electronic payment and remittance platform for the issuance, transfer, clearance, and settlement of electronic money, and various other related ancillary products and services.

My E.G. Services Berhad Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
MYEG income statement (TTM)
RevenueRM638.28m
Cost of RevenueRM219.90m
Gross ProfitRM418.38m
ExpensesRM106.93m
EarningsRM311.45m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.042
Gross Margin65.55%
Net Profit Margin48.79%
Debt/Equity Ratio11.4%

How did MYEG perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

25%

Payout Ratio

Valuation

Is My E.G. Services Berhad undervalued compared to its fair value and its price relative to the market?

36.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MYEG (MYR0.97) is trading below our estimate of fair value (MYR1.51)

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


Price To Earnings Ratio

PE vs Industry: MYEG is good value based on its PE Ratio (22.9x) compared to the MY IT industry average (30.1x).

PE vs Market: MYEG is poor value based on its PE Ratio (22.9x) compared to the MY market (15.4x).


Price to Earnings Growth Ratio

PEG Ratio: MYEG is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: MYEG is overvalued based on its PB Ratio (5.5x) compared to the MY IT industry average (1.9x).


Future Growth

How is My E.G. Services Berhad forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

12.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYEG's forecast earnings growth (12.8% per year) is above the savings rate (3.6%).

Earnings vs Market: MYEG's earnings (12.8% per year) are forecast to grow faster than the MY market (12.3% per year).

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

Revenue vs Market: MYEG's revenue (13.8% per year) is forecast to grow faster than the MY market (7% per year).

High Growth Revenue: MYEG's revenue (13.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MYEG's Return on Equity is forecast to be high in 3 years time (23.2%)


Past Performance

How has My E.G. Services Berhad performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: MYEG's current net profit margins (48.8%) are lower than last year (50.7%).


Past Earnings Growth Analysis

Earnings Trend: MYEG's earnings have grown by 11.5% per year over the past 5 years.

Accelerating Growth: MYEG's earnings growth over the past year (18.8%) exceeds its 5-year average (11.5% per year).

Earnings vs Industry: MYEG earnings growth over the past year (18.8%) underperformed the IT industry 43.2%.


Return on Equity

High ROE: MYEG's Return on Equity (24.2%) is considered high.


Financial Health

How is My E.G. Services Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: MYEG's short term assets (MYR663.7M) exceed its short term liabilities (MYR214.4M).

Long Term Liabilities: MYEG's short term assets (MYR663.7M) exceed its long term liabilities (MYR106.4M).


Debt to Equity History and Analysis

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

Reducing Debt: MYEG's debt to equity ratio has reduced from 22.1% to 11.4% over the past 5 years.

Debt Coverage: MYEG's debt is well covered by operating cash flow (187.7%).

Interest Coverage: MYEG's interest payments on its debt are well covered by EBIT (67.8x coverage).


Balance Sheet


Dividend

What is My E.G. Services Berhad current dividend yield, its reliability and sustainability?

1.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MYEG's dividend (1.02%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.69%).

High Dividend: MYEG's dividend (1.02%) is low compared to the top 25% of dividend payers in the MY market (4.52%).


Stability and Growth of Payments

Stable Dividend: MYEG's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.3%), MYEG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MYEG's dividends in 3 years are forecast to be well covered by earnings (30.5% payout ratio).


Next Steps

Management

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

9.9yrs

Average management tenure


CEO

Thean Wong (50 yo)

21.83yrs

Tenure

RM206,000

Compensation

Mr. Thean Soon Wong co-founded My E.G. Services Berhad in 2000 and has been its Group Managing Director since March 6, 2000. Mr. Soon is responsible for formulating and implementing business policies and c...


Leadership Team

Experienced Management: MYEG's management team is seasoned and experienced (9.9 years average tenure).


Board Members

Experienced Board: MYEG's board of directors are considered experienced (3.5 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 2.4%.


Top Shareholders

Company Information

My E.G. Services Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: My E.G. Services Berhad
  • Ticker: MYEG
  • Exchange: KLSE
  • Founded: 2000
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Implied Market Cap: RM6.990b
  • Shares outstanding: 7.40b
  • Website: https://www.myeg.com.my

Number of Employees


Location

  • My E.G. Services Berhad
  • MYEG Tower
  • Level 43A
  • 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 Analysis2022/01/20 11:02
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.