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

Financial Highlights

Dec 2019 MYRUSD
Revenue13,330.83M3,217.69M
Gross Profit2,211.05M533.68M
Operating income323.25M78.02M
Income before tax-289.24M-69.81M
Net income-287.39M-69.36M
EBITDA1,277.22M308.28M
Diluted EPS-0.14-0.03
Dividends Per Share0.030.00
Total Assets41,675.40M10,188.33M
Total liabilities32,456.37M7,934.57M
Total equity7,665.17M1,873.89M
Operating cash flow-255.05M-61.56M
Currency in MYRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Dec 2019
Revenue 13,687.83M 12,172.94M 12,058.33M 12,789.67M 13,330.83M
Gross Profit 1,958.20M 1,167.56M 1,491.21M 1,587.14M 2,211.05M
Operating income 150.12M -812.69M -263.15M -359.29M 323.25M
Income before tax 200.46M -1,049.19M -477.18M 171.37M -289.24M
Net income 300.19M -992.76M -456.64M 498.44M -287.39M
EBITDA 826.97M -73.36M 663.28M 546.05M 1,277.22M
Diluted EPS 0.15 -0.51 -0.23 0.25 -0.14
Dividends Per Share 0.06 0.02 0.01 0.03 0.03
Total Assets 42,640.20M 42,345.96M 44,387.62M 43,546.44M 41,675.40M
Total liabilities 34,110.41M 34,895.37M 35,185.15M 34,312.60M 32,456.37M
Total equity 7,570.49M 6,542.22M 7,361.33M 7,402.97M 7,665.17M
Operating cash flow 920.42M -221.44M 48.41M 1,565.36M -255.05M
 Mar 2015Mar 2016Mar 2017Mar 2018Dec 2019
Revenue 4,084.48M 3,005.95M 2,867.49M 3,066.64M 3,217.69M
Gross Profit 584.33M 288.31M 354.61M 380.55M 533.68M
Operating income 44.79M -200.68M -62.57M -86.15M 78.02M
Income before tax 59.81M -259.08M -113.47M 41.09M -69.81M
Net income 89.57M -245.15M -108.59M 119.51M -69.36M
EBITDA 246.77M -18.11M 157.72M 130.93M 308.28M
Diluted EPS 0.04 -0.12 -0.05 0.06 -0.03
Dividends Per Share 0.01 0.00 0.00 0.00 0.00
Total Assets 11,513.48M 10,853.76M 10,029.96M 11,258.08M 10,188.33M
Total liabilities 9,210.31M 8,944.09M 7,950.54M 8,870.85M 7,934.57M
Total equity 2,044.14M 1,676.84M 1,663.39M 1,913.89M 1,873.89M
Operating cash flow 274.65M -54.68M 11.51M 375.33M -61.56M

Valuation Measures

Dec 2019
PER--
ROA-0.67%
ROE-3.81%
Operating margin2.42%
Profit margin-2.15%

Key executives

  • Group Managing Director & Director: Faisal Albar bin Ali Rethza Albar
  • Group Director-Financial Services: Enick Amalanathan L. Thomas
  • Head-Manufacturing & Engineering: Terence Soo
  • 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 (9.0%)
  • Lembaga Tabung Haji (2.5%)
  • Principal Asset Management Bhd. (1.4%)
  • The Vanguard Group, Inc. (1.4%)
  • Dimensional Fund Advisors LP (1.3%)
  • 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

Related Companies

  • DRB-Hicom SPV Labuan Ltd.
  • 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.
  • 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

  • Oriental Holdings Bhd.
  • MBM Resources Bhd.
  • UMW Holdings Bhd
Last Updated on 20 Oct, 2020

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