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WPRT

Westports Holdings BerhadKLSE:WPRTS Stock Report

Market Cap

RM15.0b

7D

0.5%

1Y

10.0%

Updated

23 Sep, 2021

Data

Company Financials +
WPRTS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance6/6
Financial Health4/6
Dividends3/6

WPRTS Overview

Westports Holdings Berhad, an investment holding company, develops and manages port operations.

Price History & Performance

Summary of all time highs, changes and price drops for Westports Holdings Berhad
Historical stock prices
Current Share PriceRM4.40
52 Week HighRM3.75
52 Week LowRM4.74
Beta0.32
1 Month Change0.23%
3 Month Change3.53%
1 Year Change10.00%
3 Year Change14.88%
5 Year Change-0.45%
Change since IPO66.04%

Recent News & Updates

Shareholder Returns

WPRTSMY InfrastructureMY Market
7D0.5%-0.8%-0.7%
1Y10.0%27.6%6.2%

Return vs Industry: WPRTS underperformed the MY Infrastructure industry which returned 29.7% over the past year.

Return vs Market: WPRTS exceeded the MY Market which returned 6.1% over the past year.

Price Volatility

Is WPRTS's price volatile compared to industry and market?
WPRTS volatility
WPRTS Beta0.32
Industry Beta0.66
Market Beta1

Stable Share Price: WPRTS is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: WPRTS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19935,455Eddie Leehttps://www.westportsholdings.com

Westports Holdings Berhad, an investment holding company, develops and manages port operations. The company operates a port under the Westports name in Port Klang, Malaysia. It offers container cargo services; conventional services, including dry bulk, break bulk, liquid bulk, cement cargo, and roll-on-roll-off services; and port services, including marine, rental, and other ancillary services.

Westports Holdings Berhad Fundamentals Summary

How do Westports Holdings Berhad's earnings and revenue compare to its market cap?
WPRTS fundamental statistics
Market CapRM15.00b
Earnings (TTM)RM753.63m
Revenue (TTM)RM2.08b

19.9x

P/E Ratio

7.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WPRTS income statement (TTM)
RevenueRM2.08b
Cost of RevenueRM836.46m
Gross ProfitRM1.25b
ExpensesRM493.04m
EarningsRM753.63m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.22
Gross Margin59.85%
Net Profit Margin36.18%
Debt/Equity Ratio40.1%

How did WPRTS perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

68%

Payout Ratio

Valuation

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

19.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WPRTS (MYR4.4) is trading above our estimate of fair value (MYR3.06)

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


Price To Earnings Ratio

PE vs Industry: WPRTS is poor value based on its PE Ratio (19.9x) compared to the MY Infrastructure industry average (10x).

PE vs Market: WPRTS is poor value based on its PE Ratio (19.9x) compared to the MY market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: WPRTS is poor value based on its PEG Ratio (5.2x)


Price to Book Ratio

PB vs Industry: WPRTS is overvalued based on its PB Ratio (5x) compared to the MY Infrastructure industry average (1.5x).


Future Growth

How is Westports Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WPRTS's forecast earnings growth (3.8% per year) is above the savings rate (3.6%).

Earnings vs Market: WPRTS's earnings (3.8% per year) are forecast to grow slower than the MY market (10.6% per year).

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

Revenue vs Market: WPRTS's revenue (5.1% per year) is forecast to grow slower than the MY market (6.5% per year).

High Growth Revenue: WPRTS's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WPRTS's Return on Equity is forecast to be high in 3 years time (23.9%)


Past Performance

How has Westports Holdings Berhad performed over the past 5 years?

1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WPRTS has high quality earnings.

Growing Profit Margin: WPRTS's current net profit margins (36.2%) are higher than last year (31.4%).


Past Earnings Growth Analysis

Earnings Trend: WPRTS's earnings have grown by 1.8% per year over the past 5 years.

Accelerating Growth: WPRTS's earnings growth over the past year (31.8%) exceeds its 5-year average (1.8% per year).

Earnings vs Industry: WPRTS earnings growth over the past year (31.8%) exceeded the Infrastructure industry 10.3%.


Return on Equity

High ROE: WPRTS's Return on Equity (25.2%) is considered high.


Financial Health

How is Westports Holdings Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: WPRTS's short term assets (MYR1.1B) exceed its short term liabilities (MYR720.3M).

Long Term Liabilities: WPRTS's short term assets (MYR1.1B) do not cover its long term liabilities (MYR1.6B).


Debt to Equity History and Analysis

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

Reducing Debt: WPRTS's debt to equity ratio has reduced from 57.2% to 40.1% over the past 5 years.

Debt Coverage: WPRTS's debt is well covered by operating cash flow (87.6%).

Interest Coverage: WPRTS's interest payments on its debt are well covered by EBIT (16.4x coverage).


Balance Sheet


Dividend

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

2.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WPRTS's dividend (2.62%) is higher than the bottom 25% of dividend payers in the MY market (1.55%).

High Dividend: WPRTS's dividend (2.62%) is low compared to the top 25% of dividend payers in the MY market (4.23%).


Stability and Growth of Payments

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

Growing Dividend: WPRTS's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.7%), WPRTS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WPRTS's dividends in 3 years are forecast to be covered by earnings (75.5% payout ratio).


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Eddie Lee (50 yo)

3.67yrs

Tenure

Mr. Mun Tat Lee, also known as Eddie, has been Chief Executive Officer at Westports Holdings Berhad. since January 2018 and has been its Acting Chief Financial Officer since January 01, 2020. Mr. Lee serve...


Leadership Team

Experienced Management: WPRTS's management team is seasoned and experienced (5.2 years average tenure).


Board Members

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

Westports Holdings Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Westports Holdings Berhad
  • Ticker: WPRTS
  • Exchange: KLSE
  • Founded: 1993
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: RM15.004b
  • Shares outstanding: 3.41b
  • Website: https://www.westportsholdings.com

Number of Employees


Location

  • Westports Holdings Berhad
  • P.O. Box 266
  • Pulau Indah
  • Port Klang
  • Selangor
  • 42009
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 15:55
End of Day Share Price2021/09/23 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.