MISC Berhad provides energy-related maritime solutions and services worldwide.
Excellent balance sheet with proven track record.
Share Price & News
How has MISC Berhad's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MISC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MISC exceeded the MY Shipping industry which returned 8.6% over the past year.
Return vs Market: MISC exceeded the MY Market which returned -22% over the past year.
Price Volatility Vs. Market
How volatile is MISC Berhad's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShould You Be Worried About MISC Berhad's (KLSE:MISC) 4.0% Return On Equity?
2 weeks ago | Simply Wall StDespite Its High P/E Ratio, Is MISC Berhad (KLSE:MISC) Still Undervalued?
1 month ago | Simply Wall StWhy You Should Leave MISC Berhad (KLSE:MISC)'s Upcoming Dividend On The Shelf
Is MISC Berhad undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MISC (MYR7.44) is trading below our estimate of fair value (MYR14.05)
Significantly Below Fair Value: MISC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MISC is poor value based on its PE Ratio (23.3x) compared to the Shipping industry average (8.6x).
PE vs Market: MISC is poor value based on its PE Ratio (23.3x) compared to the MY market (10.7x).
Price to Earnings Growth Ratio
PEG Ratio: MISC is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: MISC is overvalued based on its PB Ratio (1x) compared to the MY Shipping industry average (0.5x).
How is MISC Berhad forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MISC's forecast earnings growth (12.2% per year) is above the savings rate (3.4%).
Earnings vs Market: MISC's earnings (12.2% per year) are forecast to grow faster than the MY market (9.7% per year).
High Growth Earnings: MISC's earnings are forecast to grow, but not significantly.
Revenue vs Market: MISC's revenue (6.2% per year) is forecast to grow faster than the MY market (5% per year).
High Growth Revenue: MISC's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MISC's Return on Equity is forecast to be low in 3 years time (5.9%).
How has MISC Berhad performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MISC has high quality earnings.
Growing Profit Margin: MISC's current net profit margins (15.9%) are higher than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: MISC's earnings have declined by -14.3% per year over the past 5 years.
Accelerating Growth: MISC's earnings growth over the past year (8.8%) exceeds its 5-year average (-14.3% per year).
Earnings vs Industry: MISC earnings growth over the past year (8.8%) exceeded the Shipping industry -3.8%.
Return on Equity
High ROE: MISC's Return on Equity (4%) is considered low.
How is MISC Berhad's financial position?
Financial Position Analysis
Short Term Liabilities: MISC's short term assets (MYR11.3B) exceed its short term liabilities (MYR7.8B).
Long Term Liabilities: MISC's short term assets (MYR11.3B) exceed its long term liabilities (MYR8.3B).
Debt to Equity History and Analysis
Debt Level: MISC's debt to equity ratio (35.4%) is considered satisfactory.
Reducing Debt: MISC's debt to equity ratio has increased from 30.3% to 35.4% over the past 5 years.
Debt Coverage: MISC's debt is well covered by operating cash flow (44%).
Interest Coverage: MISC's interest payments on its debt are well covered by EBIT (5.3x coverage).
Inventory Level: MISC has a high level of physical assets or inventory.
Debt Coverage by Assets: MISC's debt is not covered by short term assets (assets are 0.9x debt).
What is MISC Berhad's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MISC's dividend (4.03%) is higher than the bottom 25% of dividend payers in the MY market (2.62%).
High Dividend: MISC's dividend (4.03%) is low compared to the top 25% of dividend payers in the MY market (7.06%).
Stability and Growth of Payments
Stable Dividend: MISC's dividend payments have been volatile in the past 10 years.
Growing Dividend: MISC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (93.9%), MISC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MISC's dividends in 3 years are forecast to be covered by earnings (62.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yang Yee (51yo)
Mr. Yang Chien Yee has been the Chief Executive Officer, President and Executive Director of MISC Berhad since January 1, 2015. Mr. Yee served as Vice President of Corporate Planning and Development at MIS ...
CEO Compensation Analysis
Compensation vs Market: Yang's total compensation ($USD0.00) is below average for companies of similar size in the MY market ($USD1.04M).
Compensation vs Earnings: Insufficient data to compare Yang's compensation with company performance.
|President||5.17yrs||no data||no data|
|Chief Financial Officer||0.83yr||no data||no data|
|GM of Legal||no data||no data||no data|
|VP of Legal||0.17yr||no data||no data|
|Vice President of Human Resources Management||10.83yrs||no data||no data|
|General Manager of CPD||no data||no data||no data|
|Head of Financial Reporting||no data||no data||no data|
|President & CEO of AET Tanker Holdings Sdn. Bhd||4.17yrs||no data||no data|
|MD & CEO of Eaglestar Marine Holdings (L) Pte. Ltd.||2.83yrs||no data||no data|
|MD and CEO of Malaysia Marine & Heavy Engineering Holdings Berhad||3.17yrs||no data||no data|
Experienced Management: MISC's management team is considered experienced (3.2 years average tenure).
|President||5.17yrs||no data||no data|
|Independent Chairman||5.17yrs||RM282.00k||no data|
|Independent Non-Executive Director||15.42yrs||RM474.26k||no data|
|Non-Independent & Non-Executive Director||2.67yrs||RM193.50k||no data|
|Independent Non Executive Director||7.58yrs||RM220.42k||no data|
|Independent Non-Executive Director||1.58yrs||RM69.80k||no data|
|Non-Independent Non-Executive Director||1.25yrs||RM22.00k||no data|
|Senior Independent Non-Executive Director||2.58yrs||RM191.71k||no data|
|Non-Independent & Non Executive Director||2.25yrs||RM176.00k||no data|
Experienced Board: MISC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MISC Berhad's company bio, employee growth, exchange listings and data sources
- Name: MISC Berhad
- Ticker: MISC
- Exchange: KLSE
- Founded: 1968
- Industry: Marine
- Sector: Transportation
- Market Cap: RM33.210b
- Shares outstanding: 4.46b
- Website: https://www.misc.com.my
Number of Employees
- MISC Berhad
- Menara Dayabumi
- Level 25
- Kuala Lumpur
- Wilayah Persekutuan
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MIHD.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|MISC||KLSE (Bursa Malaysia)||Yes||Ordinary Shares||MY||MYR||Jan 1992|
MISC Berhad provides energy-related maritime solutions and services worldwide. The company operates through LNG (liquefied natural gas), Petroleum, Offshore, Heavy Engineering, and Others segments. It owns and operates LNG carriers; petroleum tankers; and floating storage and offloading, mobile offshore production, and semi-submersible floating production systems, as well as floating production, storage, and offloading units. The company is also involved in the provision of marine and heavy engineering services, including engineering, procurement, construction, installation, and commissioning services for offshore and onshore construction; undertakes conversion works; and marine repair, refurbishment, upgradation, and life extension of vessels and rigs. In addition, it offers maritime education and training services for seamen and maritime personnel; port and terminal services; integrated marine services, such as fleet management and operation, crew management and manning, and dry-docking management services, as well as project management services for new build construction and conversion projects. Further, the company operates and manages the Sungai Udang Port; offers sludge disposal management and financing services; and owns properties. It operates a fleet of approximately 110 owned and in-chartered LNG, petroleum, and product vessels; 14 floating production systems; and 2 LNG floating storage units with a combined deadweight tonnage capacity of approximately 16 million tonnes. The company was incorporated in 1968 and is headquartered in Kuala Lumpur, Malaysia. MISC Berhad is a subsidiary of Petroliam Nasional Berhad.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 15:11|
|End of Day Share Price||2020/03/31 00:00|
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.