company background image
SYSC

Shin Yang Shipping Corporation BerhadKLSE:SYSCORP Stock Report

Market Cap

RM391.3m

7D

-1.5%

1Y

116.1%

Updated

24 Sep, 2021

Data

Company Financials
SYSCORP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

SYSCORP Overview

Shin Yang Shipping Corporation Berhad provides shipping, shipbuilding, and ship repair services in Malaysia, the United Arab Emirates, Singapore, Japan, the Netherlands, and Taiwan.

Price History & Performance

Summary of all time highs, changes and price drops for Shin Yang Shipping Corporation Berhad
Historical stock prices
Current Share PriceRM0.34
52 Week HighRM0.14
52 Week LowRM0.47
Beta1.17
1 Month Change-1.47%
3 Month Change-4.29%
1 Year Change116.13%
3 Year Change3.08%
5 Year Change31.37%
Change since IPO-69.82%

Recent News & Updates

May 12
Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Using Too Much Debt?

Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Mar 12
Shareholders Are Thrilled That The Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Share Price Increased 116%

Shareholders Are Thrilled That The Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Share Price Increased 116%

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. On the other hand, if you...

Shareholder Returns

SYSCORPMY ShippingMY Market
7D-1.5%-0.1%-0.7%
1Y116.1%-4.0%6.2%

Return vs Industry: SYSCORP exceeded the MY Shipping industry which returned -4% over the past year.

Return vs Market: SYSCORP exceeded the MY Market which returned 6.2% over the past year.

Price Volatility

Is SYSCORP's price volatile compared to industry and market?
SYSCORP volatility
SYSCORP Beta1.17
Industry Beta0.31
Market Beta1

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

Volatility Over Time: SYSCORP's weekly volatility has decreased from 12% to 6% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004730Hien Tinghttps://www.syshippingcorp.com.my

Shin Yang Shipping Corporation Berhad provides shipping, shipbuilding, and ship repair services in Malaysia, the United Arab Emirates, Singapore, Japan, the Netherlands, and Taiwan. It transports loose bulk and container cargoes, such as timber logs, sawn timber, plywood, quarry, cement, glue, lubricants, project cargoes, car containers, timber products, light equipment, heavy machinery, vehicles, metal plates, steel products, flour, spare parts, and other cargoes; general cargoes, including machineries, timber and steel products, and others; and aggregates comprising limestone, quarry, armour rocks, core, gabbro, and clinker, as well as charters and sells ships. The company operates a fleet of 245 vessels in Malaysia and 54 vessels in the Middle East.

Shin Yang Shipping Corporation Berhad Fundamentals Summary

How do Shin Yang Shipping Corporation Berhad's earnings and revenue compare to its market cap?
SYSCORP fundamental statistics
Market CapRM391.27m
Earnings (TTM)RM16.62m
Revenue (TTM)RM610.94m

23.6x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SYSCORP income statement (TTM)
RevenueRM610.94m
Cost of RevenueRM574.41m
Gross ProfitRM36.53m
ExpensesRM19.92m
EarningsRM16.62m

Valuation

Is Shin Yang Shipping Corporation Berhad undervalued compared to its fair value and its price relative to the market?

34.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SYSCORP (MYR0.34) is trading below our estimate of fair value (MYR0.51)

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


Price To Earnings Ratio

PE vs Industry: SYSCORP is poor value based on its PE Ratio (23.6x) compared to the MY Shipping industry average (16.4x).

PE vs Market: SYSCORP is poor value based on its PE Ratio (23.6x) compared to the MY market (16.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SYSCORP is good value based on its PB Ratio (0.4x) compared to the MY Shipping industry average (0.9x).


Future Growth

How is Shin Yang Shipping Corporation Berhad forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-22.8%

Forecasted Transportation 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 Shin Yang Shipping Corporation 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.


Past Performance

How has Shin Yang Shipping Corporation Berhad performed over the past 5 years?

-50.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SYSCORP has high quality earnings.

Growing Profit Margin: SYSCORP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SYSCORP has become profitable over the past 5 years, growing earnings by -50.4% per year.

Accelerating Growth: SYSCORP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SYSCORP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (52.2%).


Return on Equity

High ROE: SYSCORP's Return on Equity (1.9%) is considered low.


Financial Health

How is Shin Yang Shipping Corporation Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: SYSCORP's short term assets (MYR367.8M) exceed its short term liabilities (MYR350.0M).

Long Term Liabilities: SYSCORP's short term assets (MYR367.8M) exceed its long term liabilities (MYR99.4M).


Debt to Equity History and Analysis

Debt Level: SYSCORP's debt to equity ratio (26.7%) is considered satisfactory.

Reducing Debt: SYSCORP's debt to equity ratio has reduced from 40.3% to 26.7% over the past 5 years.

Debt Coverage: SYSCORP's debt is well covered by operating cash flow (34.9%).

Interest Coverage: SYSCORP's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

What is Shin Yang Shipping Corporation Berhad current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SYSCORP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SYSCORP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SYSCORP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SYSCORP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SYSCORP is not paying a notable dividend for the MY market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SYSCORP's dividend in 3 years as they are not forecast to pay a notable one for the MY market.


Next Steps

Management

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

11.8yrs

Average board tenure


CEO

Hien Ting (66 yo)

no data

Tenure

Captain. Hien Liong Ting serves as Chief Executive Officer of Shin Yang Shipping Corporation Berhad and is responsible for its daily operations. Captain Ting joined Shin Yang Shipping as General Manager in...


Board Members

Experienced Board: SYSCORP's board of directors are seasoned and experienced ( 11.8 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

Shin Yang Shipping Corporation Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Shin Yang Shipping Corporation Berhad
  • Ticker: SYSCORP
  • Exchange: KLSE
  • Founded: 2004
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: RM391.271m
  • Shares outstanding: 1.17b
  • Website: https://www.syshippingcorp.com.my

Number of Employees


Location

  • Shin Yang Shipping Corporation Berhad
  • Sublot 153 (Parent Lot 70)
  • Jalan Kuala Baram
  • Miri
  • Sarawak
  • 98100
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 15:39
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
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.