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Consumer Durables
DRB-Hicom Bhd.
- 1.70 MYR
- -0.04
- -2.30%
Malaysia
Feb 15, 2019Ticker
KLS(1619)Prev. close
1.74Market cap (MYR)
3,363.83MMarket cap (USD)
822.75MShares
1,933.23M
In the news
- DRB-Hicom cuts 4Q losses, swings to full-year net profit May 31, 2018
- Malaysia shares fell most in 4 months on geopolitical woes May 23, 2018
- Mahathir focuses on cutting debt, reconsiders infrastructure plans May 23, 2018
- China's Geely set to tackle mainstream European market Mar 22, 2018
- Nikkei Asia300 Index flat as China factory data helps erase early losses Mar 1, 2018 See more articles on 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, 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 | MYR | USD |
| Revenue | 12,789.67M | 3,066.64M |
| Gross Profit | 1,587.14M | 380.55M |
| Operating income | -359.29M | -86.15M |
| Income before tax | 171.37M | 41.09M |
| Net income | 498.44M | 119.51M |
| EBITDA | 546.05M | 130.93M |
| Diluted EPS | 0.25 | 0.06 |
| Dividends Per Share | 0.03 | 0.00 |
| Total Assets | 43,546.44M | 11,258.08M |
| Total liabilities | 34,312.60M | 8,870.85M |
| Total equity | 7,402.97M | 1,913.89M |
| Operating cash flow | 1,565.36M | 375.33M |
| Currency in MYR | Currency in USD |
Historical Data
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 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 | |
| PER | 9.46 |
| ROA | 1.13% |
| ROE | 6.75% |
| Operating margin | -2.80% |
| Profit margin | 3.89% |
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 (9.9%)
- 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 (0.4%)
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
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 15 Feb, 2019