company background image
TRIM

Tri-Mode System (M) BerhadKLSE:TRIMODE Stock Report

Market Cap

RM114.5m

7D

-1.4%

1Y

81.6%

Updated

24 Sep, 2021

Data

Company Financials
TRIMODE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends1/6

TRIMODE Overview

Tri-Mode System (M) Berhad provides integrated logistics services worldwide.

Tri-Mode System (M) Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tri-Mode System (M) Berhad
Historical stock prices
Current Share PriceRM0.69
52 Week HighRM0.34
52 Week LowRM0.83
Beta1.23
1 Month Change-0.72%
3 Month Change-2.82%
1 Year Change81.58%
3 Year Change51.65%
5 Year Changen/a
Change since IPO31.43%

Recent News & Updates

Shareholder Returns

TRIMODEMY LogisticsMY Market
7D-1.4%-1.6%-0.7%
1Y81.6%22.9%6.2%

Return vs Industry: TRIMODE exceeded the MY Logistics industry which returned 22.9% over the past year.

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

Price Volatility

Is TRIMODE's price volatile compared to industry and market?
TRIMODE volatility
TRIMODE Beta1.23
Industry Beta1.26
Market Beta1

Stable Share Price: TRIMODE is more volatile than 75% of MY stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: TRIMODE's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of MY stocks.

About the Company

FoundedEmployeesCEOWebsite
1991n/aHan Hewhttps://www.trimode-malaysia.com.my

Tri-Mode System (M) Berhad provides integrated logistics services worldwide. The company offers sea freight, container haulage, air freight, freight forwarding, warehousing, and marine insurance, as well as customs brokerage, project shipment, container depot operator, e-commerce logistics, document legalization, fumigation, transportation, and value-added services. It serves importers and exporters from various industries, such as textiles, insulation materials, paper products, gloves, building materials, plastic products, automotive parts, packaging materials, rubber products, furniture, home and electronic appliances, chemical products, and edible oils.

Tri-Mode System (M) Berhad Fundamentals Summary

How do Tri-Mode System (M) Berhad's earnings and revenue compare to its market cap?
TRIMODE fundamental statistics
Market CapRM114.54m
Earnings (TTM)RM5.32m
Revenue (TTM)RM104.37m

21.5x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRIMODE income statement (TTM)
RevenueRM104.37m
Cost of RevenueRM87.37m
Gross ProfitRM17.00m
ExpensesRM11.68m
EarningsRM5.32m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.032
Gross Margin16.29%
Net Profit Margin5.10%
Debt/Equity Ratio40.1%

How did TRIMODE perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

31%

Payout Ratio

Valuation

Is Tri-Mode System (M) Berhad undervalued compared to its fair value and its price relative to the market?

21.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TRIMODE (MYR0.69) is trading above our estimate of fair value (MYR0.12)

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


Price To Earnings Ratio

PE vs Industry: TRIMODE is good value based on its PE Ratio (21.5x) compared to the MY Logistics industry average (49.8x).

PE vs Market: TRIMODE is poor value based on its PE Ratio (21.5x) compared to the MY market (16.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TRIMODE is overvalued based on its PB Ratio (1.5x) compared to the MY Logistics industry average (1.2x).


Future Growth

How is Tri-Mode System (M) Berhad forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.2%

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 Tri-Mode System (M) 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 Tri-Mode System (M) Berhad performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRIMODE has high quality earnings.

Growing Profit Margin: TRIMODE's current net profit margins (5.1%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: TRIMODE's earnings have grown by 4.1% per year over the past 5 years.

Accelerating Growth: TRIMODE's earnings growth over the past year (11.5%) exceeds its 5-year average (4.1% per year).

Earnings vs Industry: TRIMODE earnings growth over the past year (11.5%) underperformed the Logistics industry 11.5%.


Return on Equity

High ROE: TRIMODE's Return on Equity (6.8%) is considered low.


Financial Health

How is Tri-Mode System (M) Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: TRIMODE's short term assets (MYR25.1M) exceed its short term liabilities (MYR16.4M).

Long Term Liabilities: TRIMODE's short term assets (MYR25.1M) do not cover its long term liabilities (MYR35.2M).


Debt to Equity History and Analysis

Debt Level: TRIMODE's debt to equity ratio (40.1%) is considered high.

Reducing Debt: TRIMODE's debt to equity ratio has increased from 21% to 40.1% over the past 5 years.

Debt Coverage: TRIMODE's debt is not well covered by operating cash flow (19%).

Interest Coverage: TRIMODE's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

What is Tri-Mode System (M) Berhad current dividend yield, its reliability and sustainability?

1.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TRIMODE's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.55%).

High Dividend: TRIMODE's dividend (1.01%) is low compared to the top 25% of dividend payers in the MY market (4.17%).


Stability and Growth of Payments

Stable Dividend: TRIMODE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TRIMODE has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.2%), TRIMODE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.5yrs

Average board tenure


CEO

Han Hew (54 yo)

no data

Tenure

RM669,673

Compensation

Mr. Han Seng Hew serves as the Group Managing Director and Director at Tri-Mode System (M) Berhad. Mr. Seng who was founder of the Company, was appointed to the Board of Tri-Mode System (M) Berhad on 9 Apr...


CEO Compensation Analysis

Compensation vs Market: Han's total compensation ($USD160.01K) is about average for companies of similar size in the MY market ($USD124.66K).

Compensation vs Earnings: Han's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: TRIMODE's board of directors are considered experienced (3.5 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

Tri-Mode System (M) Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Tri-Mode System (M) Berhad
  • Ticker: TRIMODE
  • Exchange: KLSE
  • Founded: 1991
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: RM114.540m
  • Shares outstanding: 166.00m
  • Website: https://www.trimode-malaysia.com.my

Number of Employees


Location

  • Tri-Mode System (M) Berhad
  • Wisma Tri-Mode
  • No 1 (Lot 48)
  • Klang
  • Selangor
  • 42920
  • 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 15:44
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.