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Consumer Durables

DRB-Hicom Bhd.

  • 2.85 MYR
  • -0.05
  • -1.72%
  • Malaysia
    Aug 20, 2019
  • Ticker
    KLS(1619)
  • Prev. close
    2.90
  • Market cap (MYR)
    5,606.38M
  • Market cap (USD)
    1,340.11M
  • Shares
    1,933.23M

Company Background

DRB-Hicom counts automaking, services and property development among its many lines of business. It lead Malaysia's efforts to industrialize in the early 1980s, when national car Proton was introduced. The automaker was later spun off.

Proton Holdings was acquired in 2012 by DRB-Hicom. Besides automaking, DRB-Hicom is a contract manufacturer and distributor for Japanese and European brand cars. Proton recently appointed former Prime Minister Mahathir bin Mohamad as chairman in a bid to halt declining market share.

Under its services division, DRB-Hicom owns postal service Pos Malaysia, solid waste management company Alam Flora and commercial vehicle inspection business Puspakom. DRB-Hicom is also involved in township development in the country.

The company is majority owned by Etika Strategi, a private company controlled by tycoon Syed Mokhtar Albukhary. DRB-Hicom is headed by Managing Director Khamil Jamil, a lawyer by training.

Business Summary

DRB-Hicom Bhd. is an investment holding company, which engages in the provision of automotive and property businesses. It operates through the following segments: Automotive; Services; and Properties. The Automotive segment includes manufacture, assembly, vehicles importation, pre-delivery inspection, composite manufacturing, vehicles leasing, distribution and sale of motor vehicles, military vehicles, motorcycles and special purpose vehicles, and sale of related spares and services. The Services segment offers services for concession, banking, postal, integrated logistics and inventory solutions, and education. The Properties segment involves Property concession, holding and development. The company was founded on August 28, 1990 and is headquartered in Shah Alam, Malaysia.

Financial Highlights

Mar 2019 MYRUSD
Revenue12,477.04M3,060.71M
Gross Profit2,209.46M541.99M
Operating income335.58M82.32M
Income before tax61.27M15.03M
Net income122.86M30.13M
EBITDA1,221.42M299.62M
Diluted EPS0.060.01
Dividends Per Share0.030.00
Total Assets42,676.82M10,453.60M
Total liabilities33,712.67M8,257.85M
Total equity7,379.72M1,807.64M
Operating cash flow-654.69M-160.60M
Currency in MYRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 13,687.83M 12,172.94M 12,058.33M 12,250.56M 12,477.04M
Gross Profit 1,958.20M 1,167.56M 1,491.21M 1,469.85M 2,209.46M
Operating income 150.12M -812.69M -263.15M -460.35M 335.58M
Income before tax 200.46M -1,049.19M -477.18M 44.91M 61.27M
Net income 300.19M -992.76M -456.64M 430.37M 122.86M
EBITDA 826.97M -73.36M 663.28M 434.08M 1,221.42M
Diluted EPS 0.15 -0.51 -0.23 0.22 0.06
Dividends Per Share 0.06 0.02 0.01 0.03 0.03
Total Assets 42,640.20M 42,345.96M 44,387.62M 42,730.44M 42,676.82M
Total liabilities 34,110.41M 34,895.37M 35,185.15M 33,684.34M 33,712.67M
Total equity 7,570.49M 6,542.22M 7,361.33M 7,272.51M 7,379.72M
Operating cash flow 920.42M -221.44M 48.41M 1,738.49M -654.69M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 4,084.48M 3,005.95M 2,867.49M 2,937.38M 3,060.71M
Gross Profit 584.33M 288.31M 354.61M 352.43M 541.99M
Operating income 44.79M -200.68M -62.57M -110.38M 82.32M
Income before tax 59.81M -259.08M -113.47M 10.76M 15.03M
Net income 89.57M -245.15M -108.59M 103.19M 30.13M
EBITDA 246.77M -18.11M 157.72M 104.08M 299.62M
Diluted EPS 0.04 -0.12 -0.05 0.05 0.01
Dividends Per Share 0.01 0.00 0.00 0.00 0.00
Total Assets 11,513.48M 10,853.76M 10,029.96M 11,047.12M 10,453.60M
Total liabilities 9,210.31M 8,944.09M 7,950.54M 8,708.43M 8,257.85M
Total equity 2,044.14M 1,676.84M 1,663.39M 1,880.16M 1,807.64M
Operating cash flow 274.65M -54.68M 11.51M 416.84M -160.60M

Valuation Measures

Mar 2019
PER29.87
ROA0.28%
ROE1.67%
Operating margin2.68%
Profit margin0.98%

Key executives

  • Group Managing Director & Director: Faisal Albar bin Ali Rethza Albar
  • Group Director-Financial Services: Enick Amalanathan L. Thomas
  • Head-Services Division: Ahmad Nadzarudin bin Abdul Razak
  • Group Director-Education: Mohamed Hazlan bin Mohamed Hussain
  • COO-Properties, Concession & Corporate Planning: Shaharul Farez bin Hassan

Shareholders

  • NOR MOKHTAR SHAH (55.9%)
  • Employees Provident Fund (8.0%)
  • Lembaga Tabung Haji (4.8%)
  • The Vanguard Group, Inc. (1.5%)
  • Dimensional Fund Advisors LP (1.4%)
  • Kumpulan Wang Persaraan (1.3%)
  • Norges Bank Investment Management (0.7%)
  • Eastspring Investments Bhd. (0.6%)
  • Tai Tak Estates Sdn. Bhd. (0.5%)
  • Kenanga Investors Bhd. (0.5%)

Contact Details

  • Website:http://www.drb-hicom.com
  • Address: Wisma DRB-HICOM, No. 2, Jalan Usahawan U1/8, Shah Alam, 40150, Malaysia
  • Phone: +60.3.2052.8000

Related Companies

  • Media City Development Sdn. Bhd.
  • DRB-Hicom Bhd. /2 Subs/
  • Hicom University College Sdn. Bhd.
  • DRB-HICOM Environmental Services Sdn. Bhd.
  • DRB-HICOM Leasing Sdn. Bhd.
  • Media City Ventures Sdn. Bhd.
  • Northern Gateway Infrastructure Sdn. Bhd.
  • Proton City Development Corp. Sdn. Bhd.
  • USF HICOM (Malaysia) Sdn. Bhd.
  • HICOM Diecastings Sdn. Bhd.
  • Hicom Teck See Manufacturing (Malaysia) Sdn. Bhd.
  • Alam Flora Sdn. Bhd.
  • Intrakota Komposit Sdn. Bhd.
  • Desa Puchong Sdn. Bhd.
  • HICOM-YAMAHA Manufacturing (Malaysia) Sdn. Bhd.
  • DRB-HICOM Auto Solutions Sdn. Bhd.
  • Comtrac Sabkar Development Sdn. Bhd.
  • Hicom Automotive Manufacturers (Malaysia) Sdn. Bhd.
  • Automotive Corp. Malaysia Sdn. Bhd.
  • DRB-HICOM Commercial Vehicles Sdn. Bhd.
  • Puspakom Sdn. Bhd.
  • Kenyir Splendour Bhd.
  • Horsedale Development Bhd.
  • Avis Rental Car Systems
  • Pos Malaysia Bhd.
  • Rangkai Positif Sdn. Bhd.
  • Comtrac Sdn. Bhd.
  • HICOM Properties Sdn. Bhd.
  • DRB-HICOM Defence Technologies Sdn. Bhd.
  • Motosikal Dan Enjin Nasional Sdn. Bhd.

Competitors

  • MBM Resources Bhd.
  • UMW Holdings Bhd
Last Updated on 20 Aug, 2019

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