company background image
FM

FM Global Logistics Holdings Berhad KLSE:FM Stock Report

Last Price

RM0.52

Market Cap

RM290.4m

7D

-1.0%

1Y

-32.5%

Updated

24 Jun, 2022

Data

Company Financials +
FM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends4/6

FM Stock Overview

FM Global Logistics Holdings Berhad provides international multimodal freight services in Malaysia, Australia, Indonesia, Thailand, the United Arab Emirates, Vietnam, India, Sri Lanka, the United States, the Philippines, and Singapore.

FM Global Logistics Holdings Berhad Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for FM Global Logistics Holdings Berhad
Historical stock prices
Current Share PriceRM0.52
52 Week HighRM1.15
52 Week LowRM0.51
Beta1.27
1 Month Change-7.14%
3 Month Change-25.71%
1 Year Change-32.47%
3 Year Change73.33%
5 Year Change18.18%
Change since IPO343.50%

Recent News & Updates

May 11
These 4 Measures Indicate That FM Global Logistics Holdings Berhad (KLSE:FM) Is Using Debt Safely

These 4 Measures Indicate That FM Global Logistics Holdings Berhad (KLSE:FM) Is Using Debt Safely

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

FMMY ShippingMY Market
7D-1.0%-3.7%-2.7%
1Y-32.5%1.5%-9.2%

Return vs Industry: FM underperformed the MY Shipping industry which returned 1.5% over the past year.

Return vs Market: FM underperformed the MY Market which returned -9.2% over the past year.

Price Volatility

Is FM's price volatile compared to industry and market?
FM volatility
FM Average Weekly Movement5.6%
Shipping Industry Average Movement5.6%
Market Average Movement5.5%
10% most volatile stocks in MY Market11.3%
10% least volatile stocks in MY Market2.9%

Stable Share Price: FM is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19881,573Chong Chewhttps://www.fmgloballogistics.com

FM Global Logistics Holdings Berhad provides international multimodal freight services in Malaysia, Australia, Indonesia, Thailand, the United Arab Emirates, Vietnam, India, Sri Lanka, the United States, the Philippines, and Singapore. It offers sea freight services, including export and import freight services for less than container load and full container load shipments; operates tugs and barges; and manages airfreight inbound and outbound shipments. The company also provides container haulage and conventional trucking, cross-border trucking, customs brokerage, and 3PL and warehousing services, as well as logistic solutions for e-commerce business.

FM Global Logistics Holdings Berhad Fundamentals Summary

How do FM Global Logistics Holdings Berhad's earnings and revenue compare to its market cap?
FM fundamental statistics
Market CapRM290.39m
Earnings (TTM)RM41.61m
Revenue (TTM)RM1.05b

7.0x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FM income statement (TTM)
RevenueRM1.05b
Cost of RevenueRM833.10m
Gross ProfitRM214.31m
Other ExpensesRM172.70m
EarningsRM41.61m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.074
Gross Margin20.46%
Net Profit Margin3.97%
Debt/Equity Ratio39.8%

How did FM perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

40%

Payout Ratio

Does FM pay a reliable dividends?

See FM dividend history and benchmarks
When do you need to buy FM by to receive an upcoming dividend?
FM Global Logistics Holdings Berhad dividend dates
Ex Dividend DateJul 07 2022
Dividend Pay DateJul 28 2022
Days until Ex dividend12 days
Days until Dividend pay date33 days

Does FM pay a reliable dividends?

See FM dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 FM?

Other financial metrics that can be useful for relative valuation.

FM 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/Revenue0.4x
Enterprise Value/EBITDA6x
PEG Ratio4.4x

Price to Earnings Ratio vs Peers

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

FM PE Ratio vs Peers
The above table shows the PE ratio for FM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.6x

Price-To-Earnings vs Peers: FM is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (7.6x).


Price to Earnings Ratio vs Industry

How does FM's PE Ratio compare vs other companies in the Shipping Industry?

Price-To-Earnings vs Industry: FM is expensive based on its Price-To-Earnings Ratio (7x) compared to the MY Shipping industry average (6.9x)


Price to Earnings Ratio vs Fair Ratio

What is FM'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.

FM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio9.3x

Price-To-Earnings vs Fair Ratio: FM is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (9.3x).


Share Price vs Fair Value

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

Below Fair Value: FM (MYR0.52) is trading below our estimate of fair value (MYR1.3)

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


Price to Earnings Growth Ratio

PEG Ratio: FM is poor value based on its PEG Ratio (4.4x)


Discover undervalued companies

Future Growth

How is FM Global Logistics Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 2 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


1.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FM's forecast earnings growth (1.6% per year) is below the savings rate (3.6%).

Earnings vs Market: FM's earnings (1.6% per year) are forecast to grow slower than the MY market (9.8% per year).

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

Revenue vs Market: FM's revenue is expected to decline over the next 3 years (-1.7% per year).

High Growth Revenue: FM's revenue is forecast to decline over the next 3 years (-1.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FM's Return on Equity is forecast to be low in 3 years time (11.5%).


Discover growth companies

Past Performance

How has FM Global Logistics Holdings Berhad performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FM has high quality earnings.

Growing Profit Margin: FM's current net profit margins (4%) are higher than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: FM's earnings have grown by 9.4% per year over the past 5 years.

Accelerating Growth: FM's earnings growth over the past year (112.7%) exceeds its 5-year average (9.4% per year).

Earnings vs Industry: FM earnings growth over the past year (112.7%) underperformed the Shipping industry 154.1%.


Return on Equity

High ROE: FM's Return on Equity (12.2%) is considered low.


Discover strong past performing companies

Financial Health

How is FM Global Logistics Holdings Berhad's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FM's short term assets (MYR353.4M) exceed its short term liabilities (MYR193.6M).

Long Term Liabilities: FM's short term assets (MYR353.4M) exceed its long term liabilities (MYR131.5M).


Debt to Equity History and Analysis

Debt Level: FM's net debt to equity ratio (19.7%) is considered satisfactory.

Reducing Debt: FM's debt to equity ratio has increased from 27.9% to 39.8% over the past 5 years.

Debt Coverage: FM's debt is not well covered by operating cash flow (1.2%).

Interest Coverage: FM's interest payments on its debt are well covered by EBIT (12.9x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is FM Global Logistics Holdings Berhad current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.77%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 25 2022Ex Dividend DateJul 07 2022Dividend Pay DateJul 28 202221 days from Ex DividendBuy in the next 12 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: FM's dividend (5.77%) is higher than the bottom 25% of dividend payers in the MY market (2.14%).

High Dividend: FM's dividend (5.77%) is in the top 25% of dividend payers in the MY market (4.98%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.3%), FM's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: FM is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

5.5yrs

Average management tenure


CEO

Chong Chew (60 yo)

no data

Tenure

RM59,000

Compensation

Mr. Chew Chong Keat is a Co-founder of FM Global Logistics Holdings Berhad (formerly known as Freight Management Holdings Bhd) and serves as its Group Managing Director. Mr. Chew was instrumental in expand...


Leadership Team

Experienced Management: FM's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: FM's board of directors are considered experienced (9.9 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

FM Global Logistics Holdings Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: FM Global Logistics Holdings Berhad
  • Ticker: FM
  • Exchange: KLSE
  • Founded: 1988
  • Industry: Marine
  • Sector: Transportation
  • Implied Market Cap: RM290.391m
  • Shares outstanding: 558.44m
  • Website: https://www.fmgloballogistics.com

Number of Employees


Location

  • FM Global Logistics Holdings Berhad
  • Wisma Freight Management
  • Lot 37, Lebuh Sultan Mohamed 1
  • Port Klang
  • Selangor
  • 42000
  • Malaysia

Listings


Company Analysis and Financial Data Status

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