KLSE:MISC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

MISC Berhad provides energy-related maritime solutions and services worldwide. More Details


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


Similar Companies

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.


Market Performance


7 Day Return

-4.5%

MISC

-4.2%

MY Shipping

-1.4%

MY Market


1 Year Return

-22.9%

MISC

-23.0%

MY Shipping

-3.1%

MY Market

Return vs Industry: MISC matched the MY Shipping industry which returned -22.1% over the past year.

Return vs Market: MISC underperformed the MY Market which returned -2.2% over the past year.


Shareholder returns

MISCIndustryMarket
7 Day-4.5%-4.2%-1.4%
30 Day-14.1%-13.6%0.5%
90 Day-18.2%-18.2%-3.2%
1 Year-19.6%-22.9%-19.8%-23.0%-0.06%-3.1%
3 Year2.5%-10.1%-2.0%-13.4%-6.2%-17.0%
5 Year-12.3%-29.3%-16.8%-32.4%4.4%-13.3%

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

Valuation

Is MISC Berhad undervalued compared to its fair value and its price relative to the market?

0.84x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MISC (MYR6.4) is trading above our estimate of fair value (MYR5.71)

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


Price To Earnings Ratio

PE vs Industry: MISC is unprofitable, so we can't compare its PE Ratio to the XA Shipping industry average.

PE vs Market: MISC is unprofitable, so we can't compare its PE Ratio to the MY market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MISC's PB Ratio (0.8x) is in line with the MY Shipping industry average.


Next Steps

Future Growth

How is MISC Berhad forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

14.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MISC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.9%).

Earnings vs Market: MISC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MISC's is expected to become profitable in the next 3 years.

Revenue vs Market: MISC's revenue (5% per year) is forecast to grow slower than the MY market (7.4% per year).

High Growth Revenue: MISC's revenue (5% 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 (6.1%).


Next Steps

Past Performance

How has MISC Berhad performed over the past 5 years?

-27.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MISC is currently unprofitable.

Growing Profit Margin: MISC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MISC is unprofitable, and losses have increased over the past 5 years at a rate of 27.2% per year.

Accelerating Growth: Unable to compare MISC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MISC is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-11.4%).


Return on Equity

High ROE: MISC has a negative Return on Equity (-1.34%), as it is currently unprofitable.


Next Steps

Financial Health

How is MISC Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: MISC's short term assets (MYR12.0B) exceed its short term liabilities (MYR6.4B).

Long Term Liabilities: MISC's short term assets (MYR12.0B) do not cover its long term liabilities (MYR12.6B).


Debt to Equity History and Analysis

Debt Level: MISC's debt to equity ratio (40.6%) is considered high.

Reducing Debt: MISC's debt to equity ratio has increased from 28.1% to 40.6% over the past 5 years.

Debt Coverage: MISC's debt is well covered by operating cash flow (44.5%).

Interest Coverage: MISC is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is MISC Berhad current dividend yield, its reliability and sustainability?

4.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MISC's dividend (4.69%) is higher than the bottom 25% of dividend payers in the MY market (1.59%).

High Dividend: MISC's dividend (4.69%) is low compared to the top 25% of dividend payers in the MY market (5.03%).


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: MISC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: MISC's dividends in 3 years are forecast to be covered by earnings (64.2% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Yang Yee (52 yo)

5.75yrs

Tenure

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 ($USD0.00) is below average for companies of similar size in the MY market ($USD1.64M).

Compensation vs Earnings: Insufficient data to compare Yang's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Yang Yee
President5.75yrsno datano data
Raja Azlan Bin Raja Azwa
CFO & Vice President of Finance1.5yrsno datano data
Ausmal Bin Kardin
VP of Legal0.75yrno datano data
Iwan bin Mokhtar
Vice President of Human Resources Management11.5yrsno datano data
Rozainah Binti Awang
General Manager of CPDno datano datano data
Eslin Halimi
Head of Financial Reportingno datano datano data
Rajalingam Subramaniam
President & CEO of AET Tanker Holdings Sdn. Bhd4.75yrsno datano data
Raja Muniandy
MD & CEO of Eaglestar Marine Holdings (L) Pte. Ltd.3.42yrsno datano data
Noridah Binti Khamis
GM of Legal2.25yrsno datano data
Hazrin Hasan
MD & CEO of MISC Maritime Services Sdn. Bhd2.5yrsno datano data
Pandai Othman
Managing Director & CEO of MHBno datano datano data
Mohammad Romzi
Senior General Manager of Financeno datano datano data

3.0yrs

Average Tenure

52yo

Average Age

Experienced Management: MISC's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yang Yee
President5.75yrsno datano data
Ab bin Mohyiddin
Independent Non Executive Director5.75yrsRM278.50kno data
Abu Bin Abu Yazid
Independent & Non Executive Directorno datano datano data
Nasarudin bin Md Idris
Independent Non-Executive Director16yrsRM465.22kno data
Liza Mustapha
Non-Independent & Non-Executive Director3.25yrsRM179.50kno data
Beng Lim
Independent Non Executive Director8.17yrsRM203.82kno data
Rozalila Binti Abdul Rahman
Independent Non-Executive Director2.17yrsRM167.35kno data
Sekhar Krishnan
Senior Independent Non-Executive Director3.17yrsRM180.41kno data
Norazah Binti Razali
Independent & Non-Executive Directorno datano datano data
Mohd Bin Mohamed Yusof
Non-Independent & Non Executive Director2.83yrsRM186.50kno data
Mohammad Bin Mohd Yasin
Independent Non-Executive Directorno datano datano data

4.5yrs

Average Tenure

60yo

Average Age

Experienced Board: MISC's board of directors are considered experienced (4.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MISC Berhad's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MISC Berhad
  • Ticker: MISC
  • Exchange: KLSE
  • Founded: 1968
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: RM28.568b
  • Shares outstanding: 4.46b
  • Website: https://www.misc.com.my

Number of Employees


Location

  • MISC Berhad
  • Menara Dayabumi
  • Level 25
  • Kuala Lumpur
  • Wilayah Persekutuan
  • 50050
  • Malaysia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIHD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
MISCKLSE (Bursa Malaysia)YesOrdinary SharesMYMYRJan 1992

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 14:44
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.