DRB-Hicom Bhd.

In the news

India's GDP, Alibaba Hong Kong listing and Xiaomi earnings Nov 24, 2019
Malaysia seeks to boost courier services as e-commerce booms Oct 2, 2019
Asian stocks slump as US-China trade war intensifies Aug 26, 2019
DRB-Hicom shares sink to more-than year-low post earnings Aug 26, 2019
Malaysia's largest carmaker Perodua raises 2019 sales target Jul 17, 2019

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	MYR	USD
Revenue	12,477.04M	3,060.71M
Gross Profit	2,209.46M	541.99M
Operating income	335.58M	82.32M
Income before tax	61.27M	15.03M
Net income	122.86M	30.13M
EBITDA	1,221.42M	299.62M
Diluted EPS	0.06	0.01
Dividends Per Share	0.03	0.00
Total Assets	42,676.82M	10,453.60M
Total liabilities	33,712.67M	8,257.85M
Total equity	7,379.72M	1,807.64M
Operating cash flow	-654.69M	-160.60M
	Currency in MYR	Currency in USD

Historical Data

MYR | USD

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 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 2015	Mar 2016	Mar 2017	Mar 2018	Mar 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
PER	29.87
ROA	0.28%
ROE	1.67%
Operating margin	2.68%
Profit margin	0.98%

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 (8.9%)
Lembaga Tabung Haji (2.5%)
Principal Asset Management Bhd. (1.8%)
The Vanguard Group, Inc. (1.5%)
Dimensional Fund Advisors LP (1.4%)
Eastspring Investments (Singapore) Ltd. (1.1%)
Great Eastern Life Assurance Co. Ltd. (0.7%)
Kenanga Investors Bhd. (0.6%)
Tai Tak Estates Sdn. 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

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Competitors

MBM Resources Bhd.
UMW Holdings Bhd

Last Updated on 4 Jun, 2020