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Consumer Durables

DRB-Hicom Bhd.

  • 1.87 MYR
  • +0.02
  • +1.08%
  • Malaysia
    Dec 10, 2018
  • Ticker
    KLS(1619)
  • Prev. close
    1.85
  • Market cap (MYR)
    3,576.48M
  • Market cap (USD)
    857.15M
  • 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, services, and property businesses. It operates through the following segments: Automotive; Services; and Property, Asset, and Construction. 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 Property, Asset, and Construction segment refers to Property holding, development, and construction works. The company was founded on August 28, 1990 and is headquartered in Shah Alam, Malaysia.

Financial Highlights

Mar 2018 MYRUSD
Revenue12,789.67M3,066.64M
Gross Profit1,587.14M380.55M
Operating income-359.29M-86.15M
Income before tax171.37M41.09M
Net income498.44M119.51M
EBITDA546.05M130.93M
Diluted EPS0.250.06
Dividends Per Share0.030.00
Total Assets43,546.44M11,258.08M
Total liabilities34,312.60M8,870.85M
Total equity7,402.97M1,913.89M
Operating cash flow1,565.36M375.33M
Currency in MYRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 14,200.74M 13,687.83M 12,172.94M 12,058.33M 12,789.67M
Gross Profit 2,666.73M 1,958.20M 1,167.56M 1,491.21M 1,587.14M
Operating income 498.03M 150.12M -812.69M -263.15M -359.29M
Income before tax 623.92M 200.46M -1,049.19M -477.18M 171.37M
Net income 462.16M 300.19M -992.76M -456.64M 498.44M
EBITDA 1,240.75M 826.97M -73.36M 663.28M 546.05M
Diluted EPS 0.23 0.15 -0.51 -0.23 0.25
Dividends Per Share 0.06 0.06 0.02 0.01 0.03
Total Assets 40,013.50M 42,640.20M 42,345.96M 44,387.62M 43,546.44M
Total liabilities 31,501.95M 34,110.41M 34,895.37M 35,185.15M 34,312.60M
Total equity 7,311.48M 7,570.49M 6,542.22M 7,361.33M 7,402.97M
Operating cash flow -1,521.26M 920.42M -221.44M 48.41M 1,565.36M
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 4,433.45M 4,084.48M 3,005.95M 2,867.49M 3,066.64M
Gross Profit 832.55M 584.33M 288.31M 354.61M 380.55M
Operating income 155.48M 44.79M -200.68M -62.57M -86.15M
Income before tax 194.78M 59.81M -259.08M -113.47M 41.09M
Net income 144.28M 89.57M -245.15M -108.59M 119.51M
EBITDA 387.36M 246.77M -18.11M 157.72M 130.93M
Diluted EPS 0.07 0.04 -0.12 -0.05 0.06
Dividends Per Share 0.01 0.01 0.00 0.00 0.00
Total Assets 12,253.40M 11,513.48M 10,853.76M 10,029.96M 11,258.08M
Total liabilities 9,646.90M 9,210.31M 8,944.09M 7,950.54M 8,870.85M
Total equity 2,239.00M 2,044.14M 1,676.84M 1,663.39M 1,913.89M
Operating cash flow -474.93M 274.65M -54.68M 11.51M 375.33M

Valuation Measures

Mar 2018
PER9.46
ROA1.13%
ROE6.75%
Operating margin-2.80%
Profit margin3.89%

Key executives

  • Group Managing Director & Director: Faisal Albar bin Ali Rethza Albar
  • Group Director-Financial Services: Enick Amalanathan L. Thomas
  • Head-Group Procurement, Administration & Security: Ainol Azmil Abu Bakar
  • COO-Automotive Distribution & Defense: Abdul Harith bin Abdullah
  • Group Director-Education: Mohamed Hazlan bin Mohamed Hussain

Shareholders

  • NOR MOKHTAR SHAH (55.9%)
  • Employees Provident Fund (9.6%)
  • Lembaga Tabung Haji (4.8%)
  • The Vanguard Group, Inc. (1.4%)
  • 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%)
  • BlackRock Fund Advisors (0.3%)

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 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.
  • Suzuki Malaysia Automobile Sdn. Bhd.

Competitors

  • MBM Resources Bhd.
  • UMW Holdings Bhd
Last Updated on 10 Dec, 2018

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