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TASC

TASCO BerhadKLSE:TASCO Stock Report

Market Cap

RM1.0b

7D

0.8%

1Y

142.6%

Updated

25 Oct, 2021

Data

Company Financials +
TASCO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance4/6
Financial Health4/6
Dividends4/6

TASCO Overview

TASCO Berhad provides various logistics solutions worldwide.

TASCO Berhad Competitors

CJ Century Logistics Holdings Berhad

KLSE:CJCEN

RM319.9m

Complete Logistic Services Berhad

KLSE:COMPLET

RM265.6m

Transocean Holdings Bhd

KLSE:TOCEAN

RM222.6m

Tri-Mode System (M) Berhad

KLSE:TRIMODE

RM114.5m

Price History & Performance

Summary of all time highs, changes and price drops for TASCO Berhad
Historical stock prices
Current Share PriceRM1.31
52 Week HighRM0.51
52 Week LowRM1.48
Beta0.17
1 Month Change20.18%
3 Month Change25.96%
1 Year Change142.59%
3 Year Change306.20%
5 Year Change238.07%
Change since IPO731.75%

Recent News & Updates

Oct 08
Is TASCO Berhad (KLSE:TASCO) Using Too Much Debt?

Is TASCO Berhad (KLSE:TASCO) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Jul 31
Analysts Are Betting On TASCO Berhad (KLSE:TASCO) With A Big Upgrade This Week

Analysts Are Betting On TASCO Berhad (KLSE:TASCO) With A Big Upgrade This Week

Shareholders in TASCO Berhad ( KLSE:TASCO ) may be thrilled to learn that the analysts have just delivered a major...

Shareholder Returns

TASCOMY LogisticsMY Market
7D0.8%-0.6%-0.5%
1Y142.6%23.4%9.3%

Return vs Industry: TASCO exceeded the MY Logistics industry which returned 23.4% over the past year.

Return vs Market: TASCO exceeded the MY Market which returned 9.3% over the past year.

Price Volatility

Is TASCO's price volatile compared to industry and market?
TASCO volatility
TASCO Beta0.17
Industry Beta1.23
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19742,200Andy Leehttps://www.tasco.com.my

TASCO Berhad provides various logistics solutions worldwide. It operates through five divisions: Air Freight Forwarding, Contract Logistics, Trucking, Ocean Freight Forwarding, and Cold Supply Chain. The company offers airfreight forwarding services, including air importation and exportation, hand carry, and door-to-door delivery services.

TASCO Berhad Fundamentals Summary

How do TASCO Berhad's earnings and revenue compare to its market cap?
TASCO fundamental statistics
Market CapRM1.05b
Earnings (TTM)RM54.40m
Revenue (TTM)RM1.06b

19.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TASCO income statement (TTM)
RevenueRM1.06b
Cost of RevenueRM890.92m
Gross ProfitRM167.17m
ExpensesRM112.77m
EarningsRM54.40m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.068
Gross Margin15.80%
Net Profit Margin5.14%
Debt/Equity Ratio45.0%

How did TASCO perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

26%

Payout Ratio

Valuation

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

19.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TASCO (MYR1.31) is trading above our estimate of fair value (MYR0.89)

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


Price To Earnings Ratio

PE vs Industry: TASCO is good value based on its PE Ratio (19.3x) compared to the MY Logistics industry average (69.7x).

PE vs Market: TASCO is poor value based on its PE Ratio (19.3x) compared to the MY market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: TASCO is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: TASCO is overvalued based on its PB Ratio (2.2x) compared to the MY Logistics industry average (1.4x).


Future Growth

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

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TASCO's forecast earnings growth (9.6% per year) is above the savings rate (3.6%).

Earnings vs Market: TASCO's earnings (9.6% per year) are forecast to grow slower than the MY market (11% per year).

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

Revenue vs Market: TASCO's revenue (5.6% per year) is forecast to grow slower than the MY market (6.5% per year).

High Growth Revenue: TASCO's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TASCO's Return on Equity is forecast to be low in 3 years time (11.4%).


Past Performance

How has TASCO Berhad performed over the past 5 years?

-5.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TASCO has high quality earnings.

Growing Profit Margin: TASCO's current net profit margins (5.1%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: TASCO's earnings have declined by 5.4% per year over the past 5 years.

Accelerating Growth: TASCO's earnings growth over the past year (431%) exceeds its 5-year average (-5.4% per year).

Earnings vs Industry: TASCO earnings growth over the past year (431%) exceeded the Logistics industry 11.5%.


Return on Equity

High ROE: TASCO's Return on Equity (10.4%) is considered low.


Financial Health

How is TASCO Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: TASCO's short term assets (MYR320.5M) exceed its short term liabilities (MYR207.9M).

Long Term Liabilities: TASCO's short term assets (MYR320.5M) exceed its long term liabilities (MYR214.0M).


Debt to Equity History and Analysis

Debt Level: TASCO's debt to equity ratio (45%) is considered high.

Reducing Debt: TASCO's debt to equity ratio has increased from 13.1% to 45% over the past 5 years.

Debt Coverage: TASCO's debt is well covered by operating cash flow (49.7%).

Interest Coverage: TASCO's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet


Dividend

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

1.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TASCO's dividend (1.91%) is higher than the bottom 25% of dividend payers in the MY market (1.51%).

High Dividend: TASCO's dividend (1.91%) is low compared to the top 25% of dividend payers in the MY market (4.23%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.7%), TASCO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TASCO's dividends in 3 years are forecast to be well covered by earnings (31.5% payout ratio).


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Andy Lee (45 yo)

1.5yrs

Tenure

Mr. Wan Kai Lee, also known as Andy, serves as Group Chief Executive Officer at TASCO Berhad since April 01, 2020. He served as Chief Business Development Officer of TASCO Groupsince May 2019 until March 2...


Leadership Team

Experienced Management: TASCO's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: TASCO's board of directors are seasoned and experienced ( 10.7 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

TASCO Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: TASCO Berhad
  • Ticker: TASCO
  • Exchange: KLSE
  • Founded: 1974
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: RM1.048b
  • Shares outstanding: 800.00m
  • Website: https://www.tasco.com.my

Number of Employees


Location

  • TASCO Berhad
  • Persiaran Jubli Perak
  • Lot No.1A
  • Shah Alam
  • Selangor
  • 40300
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 11:05
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.