PBA Stock Overview

An investment holding company, operates as a water supplier in the state of Penang, Malaysia. More details

Snowflake Analysis

Solid track record with excellent balance sheet.

Rewards

Trading at 65.2% below our estimate of its fair value

Earnings grew by 319.7% over the past year

Risk Analysis

No risks detected for PBA from our risk checks.

PBA Holdings Bhd Competitors

Taliworks Corporation Berhad

KLSE:TALIWRK

RM 1.3b

Salcon Berhad

KLSE:SALCON

RM 331.2m

Ranhill Utilities Berhad

KLSE:RANHILL

RM 1.6b

Mega First Corporation Berhad

KLSE:MFCB

RM 3.7b

Price History & Performance

Summary of share price highs, lows and changes for PBA Holdings Bhd
Historical stock prices
Current Share Price	RM 1.99
52 Week High	RM 2.90
52 Week Low	RM 1.54
Beta	0.29
1 Month Change	-0.50%
3 Month Change	-1.49%
1 Year Change	10.56%
3 Year Change	144.17%
5 Year Change	121.11%
Change since IPO	17.06%

PBA Holdings Bhd's (KLSE:PBA) Subdued P/E Might Signal An Opportunity

Apr 10

PBA Holdings Bhd (KLSE:PBA) Shareholders Will Want The ROCE Trajectory To Continue

Mar 20

Recent updates

PBA Holdings Bhd's (KLSE:PBA) Subdued P/E Might Signal An Opportunity

Apr 10

PBA Holdings Bhd (KLSE:PBA) Shareholders Will Want The ROCE Trajectory To Continue

Mar 20

Investors Still Aren't Entirely Convinced By PBA Holdings Bhd's (KLSE:PBA) Earnings Despite 46% Price Jump

Sep 22

We Ran A Stock Scan For Earnings Growth And PBA Holdings Bhd (KLSE:PBA) Passed With Ease

Aug 28

PBA Holdings Bhd's (KLSE:PBA) Popularity With Investors Under Threat As Stock Sinks 27%

Mar 27

Investors Will Want PBA Holdings Bhd's (KLSE:PBA) Growth In ROCE To Persist

Jan 18

PBA Holdings Bhd's (KLSE:PBA) Shares Leap 28% Yet They're Still Not Telling The Full Story

Dec 29

PBA Holdings Bhd (KLSE:PBA) Soars 28% But It's A Story Of Risk Vs Reward

Dec 29

Does PBA Holdings Bhd (KLSE:PBA) Have A Healthy Balance Sheet?

Nov 09

PBA Holdings Bhd (KLSE:PBA) Has Announced That It Will Be Increasing Its Dividend To MYR0.015

Jun 08

PBA Holdings Bhd (KLSE:PBA) Has Announced A Dividend Of MYR0.015

Dec 01

PBA Holdings Bhd (KLSE:PBA) Has Affirmed Its Dividend Of RM0.01

May 02

PBA Holdings Bhd's (KLSE:PBA) Shareholders May Want To Dig Deeper Than Statutory Profit

Mar 02

Here's Why PBA Holdings Bhd (KLSE:PBA) Can Manage Its Debt Responsibly

Jun 02

PBA Holdings Bhd's (KLSE:PBA) Returns On Capital Not Reflecting Well On The Business

Apr 12

PBA Holdings Bhd's (KLSE:PBA) Share Price Is Matching Sentiment Around Its Earnings

Mar 22

Shareholder Returns

	PBA	MY Water Utilities	MY Market
7D	4.7%	3.0%	3.7%
1Y	10.6%	0.2%	-6.0%

Return vs Industry: PBA exceeded the MY Water Utilities industry which returned -1.8% over the past year.

Return vs Market: PBA exceeded the MY Market which returned -7.3% over the past year.

Price Volatility

Is PBA's price volatile compared to industry and market?
PBA volatility
PBA Average Weekly Movement	5.2%
Water Utilities Industry Average Movement	5.2%
Market Average Movement	6.4%
10% most volatile stocks in MY Market	11.8%
10% least volatile stocks in MY Market	3.3%

Stable Share Price: PBA has not had significant price volatility in the past 3 months compared to the MY market.

Volatility Over Time: PBA's weekly volatility (5%) has been stable over the past year.

Community vs My Fair Value

About the Company

Founded	Employees	CEO	Website
2000	1,488	Pathmanathan Krishnan Kutty Raman Nair	pbahb.com.my

PBA Holdings Bhd, an investment holding company, operates as a water supplier in the state of Penang, Malaysia. The company engages in the abstraction of raw water; treatment of water; and supply and sale of treated water to consumers. It also provides training facilities, education, and other non-water related services.

PBA Holdings Bhd Fundamentals Summary

How do PBA Holdings Bhd's earnings and revenue compare to its market cap?
PBA fundamental statistics
Market cap	RM 658.68m
Earnings (TTM)	RM 144.17m
Revenue (TTM)	RM 527.60m

4.6x

P/E Ratio

1.2x

P/S Ratio

Is PBA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PBA income statement (TTM)
Revenue	RM 527.60m
Cost of Revenue	RM 278.61m
Gross Profit	RM 249.00m
Other Expenses	RM 104.83m
Earnings	RM 144.17m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.44
Gross Margin	47.19%
Net Profit Margin	27.33%
Debt/Equity Ratio	1.8%

How did PBA perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

10%

Payout Ratio

Does PBA pay a reliable dividends?

See PBA dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/15 09:49
End of Day Share Price	2025/04/15 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PBA Holdings Bhd is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Vi Lim	OSK-DMG

PBA Stock Overview

Rewards

Risk Analysis

PBA Holdings Bhd Competitors

KLSE:TALIWRK

RM 1.3b

KLSE:SALCON

RM 331.2m

KLSE:RANHILL

RM 1.6b

KLSE:MFCB

RM 3.7b

Price History & Performance

Recent News & Updates

PBA Holdings Bhd's (KLSE:PBA) Subdued P/E Might Signal An Opportunity

PBA Holdings Bhd (KLSE:PBA) Shareholders Will Want The ROCE Trajectory To Continue

Full year 2024 earnings released: EPS: RM0.44 (vs RM0.10 in FY 2023)

PBA Holdings Bhd Announces Appointment of Low Seow Wei as Joint Secretary

Pba Holdings Bhd Announces Vacation of Office by Tuan Jagdeep Singh Deo A/L Karpal Singh as Non Independent and Non Executive Director

Upcoming dividend of RM0.022 per share

Recent updates

PBA Holdings Bhd's (KLSE:PBA) Subdued P/E Might Signal An Opportunity

PBA Holdings Bhd (KLSE:PBA) Shareholders Will Want The ROCE Trajectory To Continue

Full year 2024 earnings released: EPS: RM0.44 (vs RM0.10 in FY 2023)

PBA Holdings Bhd Announces Appointment of Low Seow Wei as Joint Secretary

Pba Holdings Bhd Announces Vacation of Office by Tuan Jagdeep Singh Deo A/L Karpal Singh as Non Independent and Non Executive Director

Upcoming dividend of RM0.022 per share

Third quarter 2024 earnings released: EPS: RM0.064 (vs RM0.11 in 3Q 2023)

PBA Holdings Bhd Appoints Dato' Haji Zulkifli Bin Long as Non Executive Director and Non Independent and Non Executive

PBA Holdings Bhd Announces the Appointment of Tuan Haji Fadzil Bin Haji Abdullah as Non Independent and Non Executive Director

Investors Still Aren't Entirely Convinced By PBA Holdings Bhd's (KLSE:PBA) Earnings Despite 46% Price Jump

PBA Holdings Bhd Announces Cessation of Seri Hj Rosli Bin Isa as Non Independent and Non Executive Non Executive Director

Investor sentiment improves as stock rises 42%

We Ran A Stock Scan For Earnings Growth And PBA Holdings Bhd (KLSE:PBA) Passed With Ease

Second quarter 2024 earnings released: EPS: RM0.17 (vs RM0.01 loss in 2Q 2023)

PBA Holdings Bhd Announces Appointment of Puan Nor Hatina Binti Md Salleh as Member of Nomination and Remuneration Committee

Investors Don't See Light At End Of PBA Holdings Bhd's (KLSE:PBA) Tunnel

Upcoming dividend of RM0.018 per share

PBA Holdings Bhd (KLSE:PBA) Is Due To Pay A Dividend Of MYR0.0175

PBA Holdings Bhd (KLSE:PBA) Is Due To Pay A Dividend Of MYR0.0175

First quarter 2024 earnings released: EPS: RM0.043 (vs RM0.039 in 1Q 2023)

Is PBA Holdings Bhd (KLSE:PBA) Using Too Much Debt?

Final dividend increased to RM0.018

PBA Holdings Bhd Announces Single Tier Final Dividend for the Financial Year Ended December 31, 2023 Payable on 26 July 2024

PBA Holdings Bhd's (KLSE:PBA) Popularity With Investors Under Threat As Stock Sinks 27%

Investor sentiment deteriorates as stock falls 22%

PBA Holdings Bhd Appoints Ir. Rosyidi bin Lat as Chief Operating Officer, Effective 01 April 2024

Full year 2023 earnings released: EPS: RM0.10 (vs RM0.23 in FY 2022)

PBA Holdings Bhd Proposes Single Tier Final Dividend for the Financial Year Ended 31 December 2023

Investors Will Want PBA Holdings Bhd's (KLSE:PBA) Growth In ROCE To Persist

Investor sentiment improves as stock rises 31%

PBA Holdings Bhd's (KLSE:PBA) Shares Leap 28% Yet They're Still Not Telling The Full Story

PBA Holdings Bhd (KLSE:PBA) Soars 28% But It's A Story Of Risk Vs Reward

Investor sentiment improves as stock rises 27%

Upcoming dividend of RM0.018 per share at 3.2% yield

Investor sentiment improves as stock rises 40%

Does PBA Holdings Bhd (KLSE:PBA) Have A Healthy Balance Sheet?

PBA Holdings Bhd Announces First Interim Single Tier Dividend for the Financial Year Ending 31 December 2023, Payable on 5 January 2024

New major risk - Share price stability

Third quarter 2023 earnings released: EPS: RM0.11 (vs RM0.12 in 3Q 2022)

PBA Holdings Bhd Announces Appointment of Dato' Haji Rosli Bin Isa as Non Independent and Non Executive Non-Independent Director

PBA Holdings Bhd Announces Cessation of Dato' Mohd Sayuthi Bin Bakar as Non-Independent and Non-Executive Director

High number of new directors

PBA Holdings Bhd Announces Resignation of Thum Sook Fun as Company Secretary

PBA Holdings Bhd Announces Cessation of Ahmad Zaki Yuddin Bin Abd Rahman as Non Independent and Non Executive Deputy Chairman

Second quarter 2023 earnings released: RM0.01 loss per share (vs RM0.035 profit in 2Q 2022)

PBA Holdings Bhd Announces Cessation of Prof Dr P. Ramasamy A/L Palanisamy as Non Independent and Non Executive Director

Upcoming dividend of RM0.015 per share at 3.7% yield

PBA Holdings Bhd (KLSE:PBA) Has Announced That It Will Be Increasing Its Dividend To MYR0.015

PBA Holdings Bhd Reports Unaudited Written Off Results for the Quarter Ended March 31, 2023

First quarter 2023 earnings released: EPS: RM0.039 (vs RM0.043 in 1Q 2022)

Full year 2022 earnings released: EPS: RM0.15 (vs RM0.11 in FY 2021)

Upcoming dividend of RM0.015 per share

Third quarter 2022 earnings released: EPS: RM0.12 (vs RM0.014 in 3Q 2021)

PBA Holdings Bhd (KLSE:PBA) Has Announced A Dividend Of MYR0.015

PBA Holdings Bhd Announces the Appointment of PUAN ZABIDAH BINTI SAFAR as Non Independent and Non Executive Member of Nomination and Remuneration Committee

PBA Holdings Bhd Appoints Puan Zabidah Binti Safar as Non Independent and Non Executive Director

PBA Holdings Bhd Appoints IR Pathmanathan A/L Krishnan Kutty Raman Nair as Group Chief Executive Officer

PBA Holdings Bhd Announces Resignation of Mohamad Farazi Bin Md Zohari as Non Independent and Non Executive Director

Second quarter 2022 earnings released: EPS: RM0.035 (vs RM0.004 in 2Q 2021)