ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Consumer Durables

DRB-Hicom Bhd.

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 is involved in property concession, holding, and development. The company was founded on August 28, 1990 and is headquartered in Shah Alam, Malaysia.

Financial Highlights

Dec 2021 MYRUSD
Revenue12,378.13M2,986.10M
Gross Profit1,595.08M384.79M
Operating income66.17M15.96M
Income before tax-443.04M-106.88M
Net income-296.42M-71.50M
EBITDA1,019.54M245.95M
Diluted EPS-0.15-0.03
Dividends Per Share0.020.00
Total Assets47,486.07M11,398.48M
Total liabilities38,382.20M9,213.20M
Total equity7,871.98M1,889.57M
Operating cash flow220.30M53.14M
Currency in MYRCurrency in USD

Historical Data

 Mar 2017Mar 2018Dec 2019Dec 2020Dec 2021
Revenue 12,058.33M 12,789.67M 13,330.83M 13,155.53M 12,378.13M
Gross Profit 1,491.21M 1,587.14M 2,211.05M 2,370.48M 1,595.08M
Operating income -263.15M -359.29M 323.25M 693.07M 66.17M
Income before tax -477.18M 171.37M -289.24M 462.63M -443.04M
Net income -456.64M 498.44M -287.39M 554.13M -296.42M
EBITDA 663.28M 546.05M 1,277.22M 1,643.31M 1,019.54M
Diluted EPS -0.23 0.25 -0.14 0.28 -0.15
Dividends Per Share 0.01 0.03 0.05 0.02 0.02
Total Assets 44,387.62M 43,546.44M 41,675.40M 45,990.48M 47,486.07M
Total liabilities 35,185.15M 34,312.60M 32,456.37M 36,415.80M 38,382.20M
Total equity 7,361.33M 7,402.97M 7,665.17M 8,248.98M 7,871.98M
Operating cash flow 48.41M 1,565.36M -255.05M 764.53M 220.30M
 Mar 2017Mar 2018Dec 2019Dec 2020Dec 2021
Revenue 2,867.49M 3,066.64M 3,217.69M 3,130.62M 2,986.10M
Gross Profit 354.61M 380.55M 533.68M 564.10M 384.79M
Operating income -62.57M -86.15M 78.02M 164.93M 15.96M
Income before tax -113.47M 41.09M -69.81M 110.09M -106.88M
Net income -108.59M 119.51M -69.36M 131.86M -71.50M
EBITDA 157.72M 130.93M 308.28M 391.05M 245.95M
Diluted EPS -0.05 0.06 -0.03 0.06 -0.03
Dividends Per Share 0.00 0.00 0.01 0.00 0.00
Total Assets 10,029.96M 11,258.08M 10,188.33M 11,433.30M 11,398.48M
Total liabilities 7,950.54M 8,870.85M 7,934.57M 9,053.02M 9,213.20M
Total equity 1,663.39M 1,913.89M 1,873.89M 2,050.71M 1,889.57M
Operating cash flow 11.51M 375.33M -61.56M 181.93M 53.14M

Valuation Measures

Dec 2021
PER--
ROA-0.63%
ROE-3.67%
Operating margin0.53%
Profit margin-2.39%

Key executives

  • Group Chief Executive Officer, MD & Director: Faisal Albar bin Ali Rethza Albar
  • COO-Properties, Concession & Corporate Planning: Shaharul Farez bin Hassan
  • Chief Operating Officer-Corporate Services: Jezilee bin Mohamad Ramli
  • Group Director-Finance: Aminah binti Othman
  • Group Director-Education: Mohamed Hazlan bin Mohamed Hussain

Shareholders

  • NOR MOKHTAR SHAH (55.9%)
  • Employees Provident Fund (10.8%)
  • Lembaga Tabung Haji (2.7%)
  • Eastspring Investments (Singapore) Ltd. (1.4%)
  • The Vanguard Group, Inc. (1.3%)
  • Dimensional Fund Advisors LP (1.0%)
  • Eastspring Al-Wara' Investments Bhd. (0.7%)
  • Great Eastern Life Assurance Co. Ltd. (0.5%)
  • Tai Tak Estates Sdn. Bhd. (0.5%)
  • BlackRock Fund Advisors (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

  • DRB-Hicom SPV Labuan Ltd.
  • Media City Development Sdn. Bhd.
  • DRB-Hicom Bhd. /2 Subs/
  • Hicom University College 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.
  • 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.
  • Suzuki Malaysia Automobile Sdn. Bhd.

Competitors

  • UMW Holdings Bhd
Last Updated on 20 May, 2022

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more