IFCA MSC Bhd
Buy, Hold or Sell?

I guess you are interested in IFCA MSC Bhd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse IFCA MSC Bhd

Let's start. I'm going to help you getting a better view of IFCA MSC Bhd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

Show more...

Company's Financial Health
A deep dive into the books. How are the numbers doing? Is IFCA MSC Bhd even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
Market Valuation
Finally, you now have an insight of how IFCA MSC Bhd is doing in the market. If the company is worth buying. The latest step is to find out how other investors value IFCA MSC Bhd. The closing price on 2022-10-04 was RM0.29 per share. Is the company over- or underpriced?
Key Performance Indicators
A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.

Summary

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is not making a profit/loss.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of IFCA MSC Bhd.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

Measures how much net profit IFCA MSC Bhd earns for each RM1 of revenue.

Above 10% is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
A Net Profit Margin of -15.2% means that RM[indicator name=netProfitMargin&period=MRQ&percentage=1 for each RM1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of IFCA MSC Bhd:

The MRQ is -15.2%. The company is making a huge loss. -2
The TTM is 0.0%. The company is not making a profit/loss.

Trends

Current period		Compared to		+/-
MRQ	-15.2%	TTM	0.0%	-15.2%
TTM	0.0%	YOY	11.8%	-11.8%
TTM	0.0%	5Y	5.4%	-5.3%
5Y	5.4%	10Y	5.4%	0.0%

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	-15.2%	-0.5%	-14.7%
TTM	0.0%	0.7%	-0.7%
YOY	11.8%	-	+11.8%
5Y	5.4%	-1.9%	+7.3%
10Y	5.4%	-2.4%	+7.8%

Measures how much net profit IFCA MSC Bhd earns for each RM1 of revenue.

Revenue is the amount of profit IFCA MSC Bhd generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you RM3. The company does not earn RM3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is RM1.5.

The RM3 you pay for a cup of coffee is called revenue.
The RM1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit IFCA MSC Bhd earns for each RM1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
Can be used to compare companies within the Software industry.

You typically want a high profit margin. This means that for each RM1 in sales, IFCA MSC Bhd makes more profit. This shows the investor how efficiently IFCA MSC Bhd is operating in general and compared to other companies in the same industry. IFCA MSC Bhd operates in the Software industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of IFCA MSC Bhd. If profit margins remain low (compared to the Software industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of IFCA MSC Bhd is -0.15. This means that IFCA MSC Bhd earned RM-0.15 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Software industry is -0.5%.
What is the trend?
The trend is important because it shows you how IFCA MSC Bhd is performing over time. The most recent quarter might be important if IFCA MSC Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for IFCA MSC Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare IFCA MSC Bhd with other companies in the same industry (Software).
Net profit margin should rise over the years.
Can be influenced when IFCA MSC Bhd sells assets (profit will increase while costs remain the same).
It won’t show what part of IFCA MSC Bhd is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of IFCA MSC Bhd

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ IFCA MSC Bhd = -2,948
Total revenue MRQ IFCA MSC Bhd = 19,395
RM-2,948 / RM19,395 = -0.15 or -15.2%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient IFCA MSC Bhd is using its assets to generate profit.

Above 5% is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
-1.9% Return on Assets means that IFCA MSC Bhd generated RM-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of IFCA MSC Bhd:

The MRQ is -1.9%. Using its assets, the company is very inefficient in making profit. -2
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	-1.9%	TTM	0.2%	-2.2%
TTM	0.2%	YOY	1.8%	-1.5%
TTM	0.2%	5Y	0.9%	-0.7%
5Y	0.9%	10Y	0.9%	0.0%

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	-1.9%	-0.2%	-1.7%
TTM	0.2%	-0.4%	+0.6%
YOY	1.8%	0.2%	+1.6%
5Y	0.9%	-0.2%	+1.1%
10Y	0.9%	-0.5%	+1.4%

Shows how efficient IFCA MSC Bhd is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better
Above 5% is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use return on assets in their analysis

Shows the investor how effectively IFCA MSC Bhd is using its resources to generate profit. If the return on assets (-1.9%) from IFCA MSC Bhd are higher than the Software mean (-0.2%) that means IFCA MSC Bhd is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of IFCA MSC Bhd is -1.9%. This means the company generated RM-0.02 for each RM1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Software industry is -0.2%.
What is the trend?
The trend is important because it shows you how IFCA MSC Bhd is performing over time. The most recent quarter might be important if IFCA MSC Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for IFCA MSC Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example IFCA MSC Bhd

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from IFCA MSC Bhd = -2,948
Total assets MRQ (balance sheet) from IFCA MSC Bhd = 151,875
-2,948 / 151,875 = -0.02 or -1.9%

ROA is an important ratio as it will tell you how effectively IFCA MSC Bhd is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient IFCA MSC Bhd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
-2.4% Return on Equity means IFCA MSC Bhd generated RM-0.02 for each RM1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of IFCA MSC Bhd:

The MRQ is -2.4%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is 0.3%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	-2.4%	TTM	0.3%	-2.7%
TTM	0.3%	YOY	2.1%	-1.8%
TTM	0.3%	5Y	1.1%	-0.8%
5Y	1.1%	10Y	1.1%	0.0%

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	-2.4%	0.4%	-2.8%
TTM	0.3%	0.6%	-0.3%
YOY	2.1%	0.3%	+1.8%
5Y	1.1%	0.1%	+1.0%
10Y	1.1%	0.1%	+1.0%

Shows how efficient IFCA MSC Bhd is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Software industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of IFCA MSC Bhd is -2.4%. This means IFCA MSC Bhd generated RM-0.02 for each RM1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Software industry is 0.4%.
What is the trend?
The trend is important because it shows you how IFCA MSC Bhd is performing over time. The most recent quarter might be important if IFCA MSC Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for IFCA MSC Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of IFCA MSC Bhd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) IFCA MSC Bhd = -2,948
Shareholders equity (balance sheet) MRQ IFCA MSC Bhd = 124,001
-2,948 / 124,001 = -0.02 or -2.4%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of IFCA MSC Bhd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient IFCA MSC Bhd is operating .

Measures how much profit IFCA MSC Bhd makes for each RM1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
An Operating Margin of 0.0% means the company generated RM0.00 for each RM1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of IFCA MSC Bhd:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	-	1.2%	-1.2%
TTM	-	2.2%	-2.2%
YOY	-	5.5%	-5.5%
5Y	-	1.6%	-1.6%
10Y	-	0.8%	-0.8%

Measures how efficient IFCA MSC Bhd is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit IFCA MSC Bhd is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of IFCA MSC Bhd is 0.0%. This means that IFCA MSC Bhd earned RM0.00 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Software industry is 1.2%.
What is the trend?
The trend is important because it shows you how IFCA MSC Bhd is performing over time. The most recent quarter might be important if IFCA MSC Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for IFCA MSC Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of IFCA MSC Bhd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ IFCA MSC Bhd = -607
Total revenue MRQ IFCA MSC Bhd = 19,395
RM-607 / RM19,395 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient IFCA MSC Bhd is keeping operating costs low.

Below 1 is considered healthy (always compare to Software industry mean).
An Operation Ratio of 1.78 means that the operating costs are RM1.78 for each RM1 in net sales.

Let's take a look of the Operating Ratio trends of IFCA MSC Bhd:

The MRQ is 1.779. The company is inefficient in keeping operating costs low. -1
The TTM is 1.394. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.779	TTM	1.394	+0.385
TTM	1.394	YOY	0.932	+0.462
TTM	1.394	5Y	0.816	+0.578
5Y	0.816	10Y	0.816	0.000

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	1.779	1.506	+0.273
TTM	1.394	1.297	+0.097
YOY	0.932	1.382	-0.450
5Y	0.816	1.341	-0.525
10Y	0.816	1.356	-0.540

Measures how efficient IFCA MSC Bhd is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of IFCA MSC Bhd is 177.9%. This means that IFCA MSC Bhd earned RM1.78 for each RM1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Software industry is 1.51.
What is the trend?
The trend is important because it shows you how IFCA MSC Bhd is performing over time. The most recent quarter might be important if IFCA MSC Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for IFCA MSC Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example IFCA MSC Bhd

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(14,499 +20,002) \ 19,395 = 1.78

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of IFCA MSC Bhd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if IFCA MSC Bhd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Software industry mean).
A Current Ratio of 3.43 means the company has RM3.43 in assets for each RM1 in short-term debts.

Let's take a look of the Current Ratio trends of IFCA MSC Bhd:

The MRQ is 3.425. The company is very able to pay all its short-term debts. +2
The TTM is 3.568. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	3.425	TTM	3.568	-0.143
TTM	3.568	YOY	4.271	-0.703
TTM	3.568	5Y	4.281	-0.713
5Y	4.281	10Y	4.281	0.000

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	3.425	2.319	+1.106
TTM	3.568	2.457	+1.111
YOY	4.271	2.943	+1.328
5Y	4.281	2.552	+1.729
10Y	4.281	2.546	+1.735

Measures if IFCA MSC Bhd is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Software industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for IFCA MSC Bhd if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of IFCA MSC Bhd is 3.43. This means IFCA MSC Bhd has RM3.43 in assets for each RM1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Software industry is 2.32.
What is the trend?
The trend is important because it shows you how IFCA MSC Bhd is performing over time. The most recent quarter might be important if IFCA MSC Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for IFCA MSC Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example IFCA MSC Bhd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
93,565 \ 27,317) = 3.43

The current ratio measures if IFCA MSC Bhd is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if IFCA MSC Bhd is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then IFCA MSC Bhd does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate IFCA MSC Bhd is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if IFCA MSC Bhd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
A Quick Ratio of 0.54 means the company can pay off RM0.54 for each RM1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of IFCA MSC Bhd:

The MRQ is 0.540. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 2.767. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.540	TTM	2.767	-2.228
TTM	2.767	YOY	4.136	-1.369
TTM	2.767	5Y	3.941	-1.174
5Y	3.941	10Y	3.941	0.000

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	0.540	1.341	-0.801
TTM	2.767	1.562	+1.205
YOY	4.136	1.848	+2.288
5Y	3.941	1.700	+2.241
10Y	3.941	1.875	+2.066

1.4. Solvency of IFCA MSC Bhd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of IFCA MSC Bhd assets are financed with debt.

Below 1 (100%) is considered healthy (always compare to Software industry mean).
A Debt to Asset Ratio of 0.19 means that IFCA MSC Bhd assets are financed with 18.9% credit (debt) and the remaining percentage (100% - 18.9%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of IFCA MSC Bhd:

The MRQ is 0.189. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.184. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.189	TTM	0.184	+0.005
TTM	0.184	YOY	0.164	+0.020
TTM	0.184	5Y	0.161	+0.023
5Y	0.161	10Y	0.161	0.000

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	0.189	0.290	-0.101
TTM	0.184	0.311	-0.127
YOY	0.164	0.337	-0.173
5Y	0.161	0.325	-0.164
10Y	0.161	0.325	-0.164

Measures how much % of IFCA MSC Bhd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake IFCA MSC Bhd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of IFCA MSC Bhd is 0.19. This means means that IFCA MSC Bhd is financed with 18.9% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Software industry is 231.9%.
What is the trend?
The trend is important because it shows you how IFCA MSC Bhd is performing over time. The most recent quarter might be important if IFCA MSC Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for IFCA MSC Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why IFCA MSC Bhd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example IFCA MSC Bhd

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
28,769 \ 151,875 = 18.9% or 0.19.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if IFCA MSC Bhd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare IFCA MSC Bhd to the Software industry mean.
A Debt to Equity ratio of 23.2% means that company has RM0.23 debt for each RM1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of IFCA MSC Bhd:

The MRQ is 0.232. The company is very able to pay all its debts with equity. +2
The TTM is 0.225. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.232	TTM	0.225	+0.007
TTM	0.225	YOY	0.197	+0.028
TTM	0.225	5Y	0.192	+0.033
5Y	0.192	10Y	0.192	0.000

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	0.232	0.377	-0.145
TTM	0.225	0.439	-0.214
YOY	0.197	0.506	-0.309
5Y	0.192	0.501	-0.309
10Y	0.192	0.501	-0.309

Measures if IFCA MSC Bhd is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of IFCA MSC Bhd is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of IFCA MSC Bhd is 0.23. This means that IFCA MSC Bhd can pay off RM0.23 for each RM1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software industry is 0.38.
What is the trend?
The trend is important because it shows you how IFCA MSC Bhd is performing over time. The most recent quarter might be important if IFCA MSC Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for IFCA MSC Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example IFCA MSC Bhd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
28,769 \ 124,001 = 0.23 or 23.2%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of IFCA MSC Bhd

2. Earnings

2.1. Price to Earnings Ratio

Measures how much money you pays for each share for every $1 in earnings IFCA MSC Bhd generates.

Above 15 is considered overpriced but always compare IFCA MSC Bhd to the Software industry mean.
A PE ratio of 106.21 means the investor is paying RM106.21 for every RM1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of IFCA MSC Bhd:

The EOD is 104.412. Seems overpriced? -1
The MRQ is 106.212. Seems overpriced? -1
The TTM is 43.800. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	104.412	MRQ	106.212	-1.800
MRQ	106.212	TTM	43.800	+62.412
TTM	43.800	YOY	23.160	+20.640
TTM	43.800	5Y	27.014	+16.785
5Y	27.014	10Y	27.014	0.000

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
EOD	104.412	10.527	+93.885
MRQ	106.212	11.534	+94.678
TTM	43.800	9.783	+34.017
YOY	23.160	-2.101	+25.261
5Y	27.014	-0.671	+27.685
10Y	27.014	-0.901	+27.915

Measures how much money the investor pays for each share for every $1 in earnings IFCA MSC Bhd generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare IFCA MSC Bhd to the Software industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of IFCA MSC Bhd is 106.21. This means the investor is paying RM106.21 for every RM1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software industry is 11.53.
What is the trend?
The trend is important because it shows you how IFCA MSC Bhd is performing over time. The most recent quarter might be important if IFCA MSC Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for IFCA MSC Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example IFCA MSC Bhd

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
\ 606,156 = 106.21

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of IFCA MSC Bhd.

Lower is better
A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of IFCA MSC Bhd:

The MRQ is -1.272. Very Bad. -2
The TTM is -0.945. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	-1.272	TTM	-0.945	-0.328
TTM	-0.945	YOY	0.529	-1.474
TTM	-0.945	5Y	-0.313	-0.632
5Y	-0.313	10Y	-0.313	0.000

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
MRQ	-1.272	-0.084	-1.188
TTM	-0.945	0.010	-0.955
YOY	0.529	0.123	+0.406
5Y	-0.313	0.039	-0.352
10Y	-0.313	0.039	-0.352

PEG Ratio	Meaning
0.5	You can buy the stock cheap
1	You pay a fair price
2.5	The stock is overpriced

2. Books

2.3. Price to Book Ratio

Measures if the stock price of IFCA MSC Bhd is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Software industry mean).
A PB ratio of 1.45 means the investor is paying RM1.45 for each RM1 in book value.

Let's take a look of the Price to Book Ratio trends of IFCA MSC Bhd:

The EOD is 1.428. Good. +1
The MRQ is 1.453. Good. +1
The TTM is 1.479. Good. +1

Trends

Current period		Compared to		+/-
EOD	1.428	MRQ	1.453	-0.025
MRQ	1.453	TTM	1.479	-0.027
TTM	1.479	YOY	1.798	-0.319
TTM	1.479	5Y	1.655	-0.176
5Y	1.655	10Y	1.655	0.000

Compared to industry (Software)

Period	Company	Industry (mean)	+/-
EOD	1.428	1.509	-0.081
MRQ	1.453	2.001	-0.548
TTM	1.479	1.987	-0.508
YOY	1.798	1.798	+0.000
5Y	1.655	2.017	-0.362
10Y	1.655	1.909	-0.254

Measures if the stock price of IFCA MSC Bhd is to cheap or to expensive compared to its [abbr name=book value&text=What the company is worth when you subtract total liabilities from total assets).

The book value of a company is what remains when you subtract total liabilities from total assets. This can also become negative which means the company has more debts than assets.

The price to book ratio shows the investor if the stock is under or overvalued. A high price to book ratio means that the investor is paying more for a share than the company has in total assets.

How to use PB ratio

A PB ratio of 3 means the investor is paying $3 for each $1 in book value.

Lower is better
At or below 1 is considered healthy
Can be very different between industries
Can be used to compare companies

Why do investors use PB ratio in their analysis

Helps investors to determine if the current stock price is under or overvalued. A low PB ratio means the company’s stock is trading for less than the leftover of total assets - total liabilities. PB ratios can also turn negative which means the company might be in serious financial trouble. In other words, the company has more liabilities than assets.

Things to be aware of

Only compare with other companies in the same industry
Negative PB ratio means that the company might be in serious financial trouble
A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

How to calculate price to book ratio

Calculate the book value: total assets - total liabilities
Calculate book value per share: book value / total outstanding shares
Price to book ratio = share price / book value per share

Real life example

You need the following data to determine Price to book ratio:

Balance sheet
Current stock price
Key performance indicators

1. Calculate the book value: total assets - total liabilities:

Book value = $68,513,000 - $30,855,000 = $37,658,000

2. Calculate book value per share:

Book value per share = $37,658,000 / total outstanding shares (can be found in the latest balance sheet):

Book value per share = $37,658,000 / 3,465,000 = $10.868

3. Price to book ratio = share price / $10.868:

MRQ (most recent quarter) PB ratio = $673.420 / $10.868 = $61,96

The price to book ratio is another way to determine if a stock is under or overvalued. The PB ratio is used to compare the current stock price to its book value. In other words, the PB ratio is used to compare all the assets minus liabilities in relation to the stock price.

If the PB ratio is greater than 1 that means the stock is trading for a higher price than the intrinsic value of the company. Meaning, you pay more than what the company is worth. Although future growth is hard to measure. A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

Book value is limited for companies that offer services because there are not many tangible assets on the balance sheet compared to large manufacturing companies. It also does not take brand names, patents and other things in consideration.

3. Summary

3.1. Key Performance Indicators

The key performance indicators of IFCA MSC Bhd compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Per Share	-	-	0.203	0.207	-2%	0.200	+1%	0.206	-1%	0.206	-1%
Book Value Per Share Growth	-	-	-0.006	-0.001	-89%	0.001	-551%	0.015	-141%	0.015	-141%
Current Ratio	-	-	3.425	3.568	-4%	4.271	-20%	4.281	-20%	4.281	-20%
Debt To Asset Ratio	-	-	0.189	0.184	+3%	0.164	+15%	0.161	+18%	0.161	+18%
Debt To Equity Ratio	-	-	0.232	0.225	+3%	0.197	+18%	0.192	+21%	0.192	+21%
Dividend Per Share	-	-	-	0.003	-100%	0.005	-100%	0.004	-100%	0.004	-100%
Eps	-	-	-0.005	0.001	-806%	0.004	-217%	0.002	-311%	0.002	-311%
Eps Growth	-	-	-83.487	-27.484	-67%	91.811	-191%	23.643	-453%	23.643	-453%
Gains Per Share	-	-	-0.006	0.002	-385%	0.006	-195%	0.018	-133%	0.018	-133%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Net Profit Margin	-	-	-0.152	0.000	-66216%	0.118	-228%	0.054	-384%	0.054	-384%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Ratio	-	-	1.779	1.394	+28%	0.932	+91%	0.816	+118%	0.816	+118%
Pb Ratio	1.428	-2%	1.453	1.479	-2%	1.798	-19%	1.655	-12%	1.655	-12%
Pe Ratio	104.412	-2%	106.212	43.800	+142%	23.160	+359%	27.014	+293%	27.014	+293%
Peg Ratio	-	-	-1.272	-0.945	-26%	0.529	-340%	-0.313	-75%	-0.313	-75%
Price Per Share	0.290	-2%	0.295	0.306	-4%	0.360	-18%	0.342	-14%	0.342	-14%
Quick Ratio	-	-	0.540	2.767	-81%	4.136	-87%	3.941	-86%	3.941	-86%
Return On Assets	-	-	-0.019	0.002	-890%	0.018	-209%	0.009	-309%	0.009	-309%
Return On Equity	-	-	-0.024	0.003	-859%	0.021	-213%	0.011	-315%	0.011	-315%
	EOD	+3 -0	MRQ	TTM	+3 -15	YOY	+4 -14	5Y	+3 -15	10Y	+3 -15

3.2. Fundamental Score

Let's check the fundamental score of IFCA MSC Bhd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	104.412
Price to Book Ratio (EOD)	Between	0-1	1.428
Net Profit Margin (MRQ)	Greater than	0	-0.152
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.540
Current Ratio (MRQ)	Greater than	1	3.425
Debt to Asset Ratio (MRQ)	Less than	1	0.189
Debt to Equity Ratio (MRQ)	Less than	1	0.232
Return on Equity (MRQ)	Greater than	0.15	-0.024
Return on Assets (MRQ)	Greater than	0.05	-0.019
Total			3/10 (30.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of IFCA MSC Bhd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	61.378
Ma 20	Greater than	Ma 50	0.278
Ma 50	Greater than	Ma 100	0.281
Ma 100	Greater than	Ma 200	0.289
Open	Greater than	Close	0.270
Total			1/5 (20.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in MYR. All numbers in thousands.

Summary

Total Assets	151,875
Total Liabilities	28,769
Total Stockholder Equity	124,001

	As reported
Total Liabilities	28,769
Total Stockholder Equity	+ 124,001
Total Assets	= 151,875

Assets

Total Assets	151,875
Total Current Assets	93,565
Long-term Assets	93,565

Total Current Assets

Total Current Assets (as reported)	93,565
Cash And Cash Equivalents	75,182
Net Receivables	14,738
Other Current Assets	681
Total Current Assets (calculated)	90,601
+/-	2,965

Long-term Assets

Long-term Assets (as reported)	58,310
Goodwill	25,112
Long-term Assets (calculated)	25,112
+/-	33,199

Liabilities & Shareholders' Equity

Total Current Liabilities	27,317
Long-term Liabilities	1,452
Total Stockholder Equity	124,001

Total Current Liabilities

Total Current Liabilities (as reported)	27,317
Accounts payable	141
Total Current Liabilities (calculated)	141
+/-	27,176

Long-term Liabilities

Long-term Liabilities (as reported)	1,452
Capital Lease Obligations Min Short Term Debt	1,023
Long-term Liabilities (calculated)	1,023
+/-	429

Total Stockholder Equity

Total Stockholder Equity (as reported)	124,001
Retained Earnings	41,361
Total Stockholder Equity (calculated)	41,361
+/-	82,641

Other

Capital Stock	83,947
Common Stock Shares Outstanding	606,156
Net Invested Capital	124,001
Net Working Capital	66,249

Balance Sheet

Currency in MYR. All numbers in thousands.

Trend

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

> Total Assets

141,483
139,837
137,367
140,630
133,923
140,864
136,335
147,175
147,316
151,863
152,145
158,848
153,185
151,875

151,875

153,185

158,848

152,145

151,863

147,316

147,175

136,335

140,864

133,923

140,630

137,367

139,837

141,483

> Total Current Assets

98,099
96,001
92,423
94,846
90,011
95,083
89,265
96,840
95,241
97,847
96,509
100,224
94,817
93,565

93,565

94,817

100,224

96,509

97,847

95,241

96,840

89,265

95,083

90,011

94,846

92,423

96,001

98,099

Cash And Cash Equivalents

0
0
0
0
67,930
72,384
71,626
79,588
75,313
74,647
76,508
81,723
76,500
75,182

75,182

76,500

81,723

76,508

74,647

75,313

79,588

71,626

72,384

67,930

Net Receivables

24,587
21,451
20,896
17,013
19,246
19,134
14,801
14,552
16,943
19,651
17,215
12,424
15,853
14,738

14,738

15,853

12,424

17,215

19,651

16,943

14,552

14,801

19,134

19,246

17,013

20,896

21,451

24,587

Other Current Assets

1,006
704
591
403
213
448
358
294
385
445
413
388
293
681

681

293

388

413

445

385

294

358

448

213

403

591

704

1,006

> Long-term Assets

0
0
0
0
43,912
45,781
47,070
50,335
52,075
54,016
55,636
58,623
58,368
58,310

58,310

58,368

58,623

55,636

54,016

52,075

50,335

47,070

45,781

43,912

Property Plant Equipment

9,105
9,203
9,994
10,536
10,187
11,178
11,677
9,283
8,865
8,543
8,096
7,786
7,439
0

7,439

7,786

8,096

8,543

8,865

9,283

11,677

11,178

10,187

10,536

9,994

9,203

9,105

Goodwill

25,112
25,112
25,112
25,112
25,112
25,112
25,112
25,112
25,112
25,112
25,112
25,112
25,112
25,112

25,112

Intangible Assets

8,728
9,082
9,398
9,692
8,033
9,047
9,853
10,798
12,388
14,182
16,038
17,726
17,824
0

17,824

17,726

16,038

14,182

12,388

10,798

9,853

9,047

8,033

9,692

9,398

9,082

8,728

Other Assets

0
0
0
0
136
0
0
0
0
0
0
0
0
0

136

> Total Liabilities

21,740
19,091
20,301
20,878
18,087
19,298
18,450
25,342
25,276
27,068
28,507
29,693
26,349
28,769

28,769

26,349

29,693

28,507

27,068

25,276

25,342

18,450

19,298

18,087

20,878

20,301

19,091

21,740

> Total Current Liabilities

21,481
19,122
19,866
20,669
18,428
19,549
18,456
22,698
23,000
25,479
27,073
28,204
25,423
27,317

27,317

25,423

28,204

27,073

25,479

23,000

22,698

18,456

19,549

18,428

20,669

19,866

19,122

21,481

Accounts payable

0
0
0
0
116
228
75
58
93
181
47
43
12
141

141

181

228

116

> Long-term Liabilities

0
0
0
0
320
244
367
3,007
2,647
2,440
2,353
2,171
1,674
1,452

1,452

1,674

2,171

2,353

2,440

2,647

3,007

367

244

320

Long term Debt Total

295
336
338
297
320
0
194
1,549
1,235
895
654
442
254
0

254

442

654

895

1,235

1,549

194

320

297

338

336

295

> Total Stockholder Equity

119,744
120,746
117,065
119,752
115,837
121,566
117,885
121,833
122,040
124,796
123,638
129,155
126,836
124,001

124,001

126,836

129,155

123,638

124,796

122,040

121,833

117,885

121,566

115,837

119,752

117,065

120,746

119,744

Common Stock

83,947
83,947
83,947
83,947
83,947
83,947
83,947
83,947
83,947
83,947
83,947
83,947
83,947
0

83,947

Retained Earnings

36,181
37,230
33,549
36,235
32,320
38,049
34,368
39,707
39,926
42,595
41,111
46,585
44,308
41,361

41,361

44,308

46,585

41,111

42,595

39,926

39,707

34,368

38,049

32,320

36,235

33,549

37,230

36,181

Capital Surplus

Treasury Stock

-430

-385

Other Stockholders Equity

-908

-947

-990

-1,316

-1,403

-1,391

Balance Sheet

Currency in MYR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Accounts Payable	43	58	130	589	2,412	-	-
Capital Lease Obligations	1,705	2,921	550	550	683	-	-
Capital Stock	83,947	83,947	83,947	83,947	-	-	-
Capital Surpluse	-	-	-	-	0	23,118	9,591
Cash	81,723	79,588	74,959	75,385	73,230	18,684	-
Cash And Short Term Investments	84,436	79,588	74,959	75,385	73,230	70,787	67,396
Common Stock	83,947	83,947	83,947	83,947	83,947	60,829	57,055
Common Stock Shares Outstanding	606,900	606,900	606,900	607,000	608,221	608,251	-
Good Will	25,112	25,112	25,112	25,112	25,112	25,112	-
Intangible Assets	17,726	10,798	9,692	9,049	13,425	17,858	19,560
Liabilities And Stockholders Equity	158,848	147,175	140,630	146,248	144,655	142,276	-
Long Term Debt Total	442	1,549	297	329	429	464	643
Net Invested Capital	129,155	121,833	119,752	119,483	111,884	-	-
Net Receivables	12,424	14,552	17,013	22,608	17,300	12,414	21,493
Net Working Capital	72,021	74,142	74,177	77,414	68,758	-	-
Non Current Assets Total	58,623	50,335	45,784	43,221	47,960	-	-
Non Current Liabilities Other	-	-	-	-	184	-	-
Non Current Liabilities Total	2,171	3,007	609	1,644	5,328	-	-
Other Current Assets	388	294	403	-	661	-	-
Other Current Liab	-	-	-	-	10,800	-	-
Other Stockholder Equity	-947	-1,391	-	-	-	-	-
Property Plant Equipment	7,786	9,283	10,536	8,620	8,908	9,632	9,412
Retained Earnings	46,585	39,707	36,235	35,920	27,975	22,147	27,838
Short Long Term Debt Total	-	1,549	297	329	429	464	-
Short Term Debt	0	0	0	0	0	0	-
Short Term Investments	51,911	47,408	38,043	33,168	35,710	5,000	-
Total Assets	158,848	147,175	140,630	146,248	144,655	142,276	120,804
Total Current Assets	100,224	96,840	94,846	103,028	96,695	89,096	91,264
Total Current Liabilities	28,204	22,698	20,669	25,614	27,938	27,659	22,178
Total Liab	29,693	25,342	20,878	26,766	32,771	36,207	26,330
Total Stockholder Equity	129,155	121,833	119,752	119,483	111,884	106,069	94,474
Treasury Stock	-430	-430	-430	-385	-38	-25	-10

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31
Accounts Payable	141	12	43	47	181	93	58	75	228	116	-	-	-	-
Capital Lease Obligations	1,023	1,384	1,705	2,018	2,323	2,766	2,921	386	429	588	-	-	-	-
Capital Stock	83,947	83,947	83,947	83,947	83,947	-	-	-	-	-	-	-	-	-
Cash	75,182	76,500	81,723	76,508	74,647	75,313	79,588	71,626	72,384	67,930	-	-	-	-
Cash And Short Term Investments	-	76,500	84,436	76,508	74,647	75,313	79,588	71,626	72,384	67,930	74,959	67,840	71,083	69,970
Common Stock	-	83,947	83,947	83,947	83,947	83,947	83,947	83,947	83,947	83,947	83,947	83,947	83,947	83,947
Common Stock Shares Outstanding	606,156	606,610	606,900	606,900	606,900	606,900	606,900	606,900	606,900	606,900	482,068	600,587	610,177	546,500
Good Will	25,112	25,112	25,112	25,112	25,112	25,112	25,112	25,112	25,112	25,112	25,112	25,112	25,112	25,112
Intangible Assets	-	17,824	17,726	16,038	14,182	12,388	10,798	9,853	9,047	8,033	9,692	9,398	9,082	8,728
Liabilities And Stockholders Equity	-	153,185	158,848	152,145	151,863	147,316	-	-	-	-	-	-	-	-
Long Term Debt Total	-	254	442	654	895	1,235	1,549	194	-	320	297	338	336	295
Net Invested Capital	124,001	126,836	129,155	123,638	124,796	122,040	121,833	117,885	121,566	115,837	-	-	-	-
Net Receivables	14,738	15,853	12,424	17,215	19,651	16,943	14,552	14,801	19,134	19,246	17,013	20,896	21,451	24,587
Net Working Capital	66,249	69,394	72,021	69,436	72,368	72,241	74,142	70,809	75,534	71,584	-	-	-	-
Non Current Assets Total	58,310	58,368	58,623	55,636	54,016	52,075	50,335	47,070	45,781	43,912	-	-	-	-
Non Current Liabilities Total	1,452	1,674	2,171	2,353	2,440	2,647	3,007	367	244	320	-	-	-	-
Other Assets	-	-	-	-	-	-	-	-	-	136	-	-	-	-
Other Current Assets	681	293	388	413	445	385	294	358	448	213	403	591	704	1,006
Other Stockholder Equity	-	-908	-947	-990	-1,316	-1,403	-1,391	-	-	-	-	-	-	-
Property Plant Equipment	-	7,439	7,786	8,096	8,543	8,865	9,283	11,677	11,178	10,187	10,536	9,994	9,203	9,105
Retained Earnings	41,361	44,308	46,585	41,111	42,595	39,926	39,707	34,368	38,049	32,320	36,235	33,549	37,230	36,181
Short Long Term Debt Total	-	-	-	654	895	1,235	1,549	194	230	320	297	-	-	-
Short Term Debt	-	0	0	0	0	0	-	-	-	-	-	-	-	-
Total Assets	151,875	153,185	158,848	152,145	151,863	147,316	147,175	136,335	140,864	133,923	140,630	137,367	139,837	141,483
Total Current Assets	93,565	94,817	100,224	96,509	97,847	95,241	96,840	89,265	95,083	90,011	94,846	92,423	96,001	98,099
Total Current Liabilities	27,317	25,423	28,204	27,073	25,479	23,000	22,698	18,456	19,549	18,428	20,669	19,866	19,122	21,481
Total Liab	28,769	26,349	29,693	28,507	27,068	25,276	25,342	18,450	19,298	18,087	20,878	20,301	19,091	21,740
Total Stockholder Equity	124,001	126,836	129,155	123,638	124,796	122,040	121,833	117,885	121,566	115,837	119,752	117,065	120,746	119,744
Treasury Stock	-	-	-430	-430	-430	-430	-430	-430	-430	-430	-430	-430	-430	-385

Cash Flow

Currency in MYR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Begin Period Cash Flow	60,681	58,412	68,978	68,230	65,787	-	-
Capital Expenditures	7,798	8,996	8,308	1,638	1,885	2,250	8,397
Change In Cash	18,748	2,269	2,981	748	2,442	4,005	15,429
Change In Working Capital	2,004	-316	4,991	-13,719	-7,858	3,275	-
Depreciation	2,640	2,339	1,070	870	1,030	1,131	1,284
Dividends Paid	-3,035	-6,069	-6,069	-3,038	-3,041	-6,083	-5,570
End Period Cash Flow	79,429	60,681	71,959	68,978	68,230	65,787	-
Free Cash Flow	16,740	15,382	13,808	8,598	9,383	-	-
Investments	5,480	-9,175	-6,738	-4,441	-3,511	-	-
Net Income	11,893	10,235	8,159	15,486	13,666	959	25,753
Other Cashflows From Financing Activities	-767	-261	-36	-28	-31	-34	-30
Other Cashflows From Investing Activities	13,278	-179	1,571	-2,803	-1,625	-2,218	-1,180
Other Non Cash Items	-1,100	-1,495	-1,872	-923	-1,031	-	-
Sale Purchase Of Stock	-	0	-46	-347	-13	2,158	8,728
Total Cash From Financing Activities	-5,623	-7,670	-6,560	-3,845	-3,309	-4,146	2,883
Total Cash From Operating Activities	17,229	18,137	16,607	9,425	10,726	12,097	23,421
Total Cashflows From Investing Activities	5,480	-9,175	-6,738	-4,441	-3,511	-4,468	-9,577

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31
Begin Period Cash Flow	76,500	84,436	76,508	74,647	75,313	79,588	71,626	72,384	67,930	74,959	-	-	-	-
Capital Expenditures	1,139	1,119	7,798	5,614	3,699	1,677	8,996	6,566	4,570	1,937	8,308	6,070	3,549	728
Change In Cash	-1,291	-7,936	18,748	-3,081	-4,941	-4,276	2,269	-3,333	-2,575	-7,029	2,981	-7,545	-4,302	-5,415
Change In Working Capital	-791	-5,776	2,004	-2,751	-6,474	-4,435	-316	-1,254	-4,867	-5,292	4,991	-	-	-
Dividends Paid	-	-	-3,035	-3,606	-	-	-6,069	-6,069	0	-	-6,069	-6,344	-	-
End Period Cash Flow	75,182	76,500	79,429	76,508	74,647	75,313	60,681	71,626	72,384	67,930	74,959	-	-	-
Free Cash Flow	-1,048	-6,676	11,895	6,743	1,351	-3,249	10,628	5,134	4,049	-4,430	-	-	-	-
Investments	-957	-836	10,124	-1,617	-1,687	-1,340	-4,221	-1,590	-1,965	-1,399	-	-	-	-
Net Income	-2,948	-1,986	11,893	6,157	3,603	806	10,235	6,921	1,751	-2,579	8,159	4,845	1,904	813
Other Cashflows From Financing Activities	-	-18	-767	-99	-65	-19	-261	-21	-15	-8	-36	-27	-17	-9
Other Cashflows From Investing Activities	-	284	13,278	970	672	337	-179	1,612	1,207	538	1,571	-2,621	-2,913	-630
Other Non Cash Items	3,416	1,218	-2,827	522	797	408	-3,050	-2,502	324	3,732	-	-	-	-
Sale Purchase Of Stock	-96	-81	-	-	-	-	0	0	-	-	-46	-46	-46	-
Total Cash From Financing Activities	-	-114	-5,623	-3,750	-96	-34	-7,670	-6,414	-269	-98	-6,560	-6,586	-179	-67
Total Cash From Operating Activities	91	-6,544	17,229	5,132	-1,667	-3,221	18,137	7,222	939	-4,139	16,607	7,935	2,727	-3,761
Total Cashflows From Investing Activities	-	-836	5,480	-4,644	-3,027	-1,340	-9,175	-4,954	-3,363	-1,399	-6,738	-8,690	-6,462	-1,358

Income Statement

Currency in MYR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Cost Of Revenue	128	97	2,561	3,003	6,231	2,595	7,203
Ebitda	15,912	15,908	14,230	21,667	19,881	-	-
Gross Profit	79,707	80,964	83,027	90,204	82,597	72,778	94,420
Income Before Tax	11,893	10,235	8,159	15,486	13,666	959	25,753
Interest Expense	152	188	36	28	0	0	0
Interest Income	-152	-188	-36	-28	-31	-34	-
Minority Interest	-253	-37	-179	-359	186	-	-
Net Income	9,824	8,388	5,957	11,418	9,655	518	21,603
Net Income Applicable To Common Shares	9,824	8,388	5,957	11,418	9,655	518	21,603
Net Income From Continuing Ops	10,077	8,425	6,135	11,778	9,469	-	-
Net Interest Income	1,087	1,495	1,690	1,425	1,262	-	-
Operating Income	12,046	10,423	8,195	15,514	13,696	994	25,783
Reconciled Depreciation	3,866	5,485	6,035	6,153	6,185	-	-
Selling General Administrative	54,497	51,120	51,464	51,363	46,771	45,297	44,273
Tax Provision	1,817	1,810	2,024	3,708	4,196	1,120	4,220
Total Operating Expenses	72,255	76,765	83,668	80,967	81,451	-	-
Total Revenue	79,834	81,061	85,589	93,207	88,828	75,373	101,623

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31
Cost Of Revenue	14,499	13,317	34	7	52	36	23	29	9	36	2,306	182	74	-
Ebitda	-1,001	-559	7,733	3,247	3,495	1,436	5,544	6,146	5,269	-1,156	-	-	-	-
Gross Profit	4,896	15,184	23,730	20,357	19,612	16,008	23,172	22,025	20,492	15,275	19,747	24,475	21,004	17,802
Income Before Tax	-2,430	-1,986	5,737	2,554	2,797	806	3,314	5,170	4,329	-2,579	3,314	2,941	1,091	813
Interest Expense	16	18	54	33	46	19	167	6	8	8	-	-	-	-
Interest Income	-	-18	-54	-33	-46	-19	-167	-6	-8	-8	-9	-	-	-
Minority Interest	-149	66	-238	68	-91	8	-10	-121	-	-	-	-	-	-
Net Income	-2,948	-2,276	5,386	1,551	2,668	219	3,382	3,938	3,675	-2,607	2,844	1,802	1,037	273
Net Income Applicable To Common Shares	-	-2,276	5,386	1,551	2,668	219	3,382	3,938	3,675	-2,607	2,844	1,802	1,037	273
Net Income From Continuing Ops	-2,799	-2,343	5,624	1,483	2,759	211	3,392	4,059	3,841	-2,868	-	-	-	-
Net Interest Income	-16	-18	1,186	-33	-46	-19	1,516	-6	-8	-8	-	-	-	-
Operating Income	-607	-1,968	5,791	2,587	2,843	825	3,481	5,176	4,337	-2,571	3,323	2,952	1,099	822
Reconciled Depreciation	1,412	1,409	1,942	661	652	611	2,063	971	932	1,415	-	-	-	-
Selling General Administrative	-	13,317	14,579	14,634	13,029	11,960	9,819	13,638	14,388	13,275	8,467	15,682	14,865	12,451
Tax Provision	369	357	113	1,070	37	595	-78	1,111	488	289	347	718	435	523
Total Operating Expenses	20,002	17,575	19,906	18,805	17,757	15,787	23,370	18,239	17,709	17,447	-	-	-	-
Total Revenue	19,395	15,184	23,764	20,363	19,664	16,043	23,195	22,054	20,501	15,311	22,053	24,657	21,078	17,802

Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue	79,834
Cost of Revenue	-128
Gross Profit	79,707	79,707

Operating Income (+$)
Gross Profit	79,707
Operating Expense	-72,255
Operating Income	12,046	7,452

Operating Expense (+$)
Research Development	-
Selling General Administrative	54,497
Selling And Marketing Expenses	-
Operating Expense	72,255	54,497

Net Interest Income (+$)
Interest Income	-152
Interest Expense	-152
Net Interest Income	1,087	-305

Pretax Income (+$)
Operating Income	12,046
Net Interest Income	1,087
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	11,893	12,046 EBIT - interestExpense = -152 9,824 9,977
Interest Expense	152
Earnings Before Interest and Taxes (ebit)	-	12,046
Earnings Before Interest and Taxes (ebitda)	15,912

After tax Income (+$)
Income Before Tax	11,893
Tax Provision	-1,817
Net Income From Continuing Ops	10,077	10,077
Net Income	9,824
Net Income Applicable To Common Shares	9,824

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	-	-1,087