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Communications

Maxis Bhd.

Company Background

Established in 1995, Maxis was one of the first mobile communications providers in Malaysia.

The company is constantly revamping its business model and was one of the first operators to introduce 4G services in 2013. Its 4G service reaches 15% of the Malaysian population, making Maxis a market leader in this area.

Maxis also offers cloud computing to small and medium businesses. The company's 2G and 3G networks cover 95% and 83% of the Malaysian population respectively.

Maxis' CEO is Norwegian Morten Lundal, former CEO of DiGi.Com, another Malaysian telecommunications company. He was also a top executive at Vodafone, the U.K.'s leading mobile phone company.

Maxis is more than 60% controlled by Usaha Tegas, a private investment arm of Malaysian billionaire Ananda Krishnan.

Business Summary

Maxis Bhd. is an investment holding company, which engages in the provision integrated telecommunication services. It operates through Malaysia, and Other Countries geographical segments. It offers postpaid, prepaid, phones, and broadband. The company was founded on August 7, 2009 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2019 MYRUSD
Revenue9,313M2,247.89M
Gross Profit2,601M627.80M
Operating income2,264M546.46M
Income before tax2,036M491.43M
Net income1,519M366.64M
EBITDA3,542M854.94M
Diluted EPS0.190.04
Dividends Per Share0.200.04
Total Assets21,437M5,240.67M
Total liabilities14,367M3,512.28M
Total equity7,070M1,728.39M
Operating cash flow2,910M702.39M
Currency in MYRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 8,600.57M 8,611.79M 9,419.29M 9,192.43M 9,313M
Gross Profit 5,579.54M 5,532.45M 3,350.60M 2,896.33M 2,601M
Operating income 2,888.34M 2,982.38M 2,947.22M 2,506.47M 2,264M
Income before tax 2,460.59M 2,736.83M 2,878.42M 2,368.72M 2,036M
Net income 1,738.95M 2,013.16M 2,180.04M 1,779.71M 1,519M
EBITDA 4,337.33M 4,430.29M 3,996.56M 3,586.95M 3,542M
Diluted EPS 0.23 0.26 0.28 0.22 0.19
Dividends Per Share 0.20 0.20 0.20 0.20 0.20
Total Assets 19,357.72M 20,005.16M 19,514.01M 20,287.58M 21,437M
Total liabilities 15,137.20M 15,284.26M 12,567.99M 13,137.85M 14,367M
Total equity 4,190.01M 4,720.89M 6,946.01M 7,149.73M 7,070M
Operating cash flow 3,612.78M 2,614.72M 2,964.19M 2,943.79M 2,910M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 2,199.81M 2,078.78M 2,190.77M 2,277.96M 2,247.89M
Gross Profit 1,427.11M 1,335.46M 779.29M 717.73M 627.80M
Operating income 738.76M 719.91M 685.47M 621.12M 546.46M
Income before tax 629.35M 660.63M 669.47M 586.98M 491.43M
Net income 444.78M 485.95M 507.04M 441.02M 366.64M
EBITDA 1,109.38M 1,069.41M 929.53M 888.87M 854.94M
Diluted EPS 0.05 0.06 0.06 0.05 0.04
Dividends Per Share 0.05 0.04 0.04 0.04 0.04
Total Assets 4,508.61M 4,459.46M 4,821.84M 4,909.27M 5,240.67M
Total liabilities 3,525.61M 3,407.10M 3,105.50M 3,179.15M 3,512.28M
Total equity 975.89M 1,052.36M 1,716.33M 1,730.12M 1,728.39M
Operating cash flow 924.06M 631.16M 689.42M 729.49M 702.39M

Valuation Measures

Dec 2019
PER27.38
ROA7.28%
ROE21.36%
Operating margin24.31%
Profit margin16.31%

Key executives

  • Chief Executive & Marketing Officer: Gokhan Ogut
  • Chief Financial & Strategy Officer: Norman Wayne Treeby
  • Chief Technology & Information Officer: Morten Bangsgaard
  • Chief Corporate Affairs Officer: Mariam Bevi binti Batcha
  • Head-Consumer Business: Dushyanthan Vaithiyanathan

Shareholders

  • Binariang GSM Sdn. Bhd. (62.3%)
  • Employees Provident Fund (11.6%)
  • Permodalan Nasional Bhd. (10.3%)
  • Urusharta Jamaah Sdn. Bhd. (1.6%)
  • The Vanguard Group, Inc. (1.1%)
  • Public Mutual Bhd. (1.1%)
  • Kumpulan Wang Persaraan (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • Great Eastern Life Assurance Co. Ltd. (0.4%)
  • Eastspring Investments (Singapore) Ltd. (0.3%)

Contact Details

  • Website:http://www.maxis.com.my
  • Address: Level 8, 11, 14 – 25, Menara Maxis, Kuala Lumpur City Centre, Kuala Lumpur, 50088, Malaysia
  • Phone: +60 3 2330 7000

Related Companies

  • Infrastructure Consulting & Managed Services Sdn Bhd
  • Malaysian Landed Property Sdn. Bhd.
  • Maxis Collections Sdn. Bhd.
  • All Asia Digital Networks Pte Ltd.
  • PT Maxis Communications
  • Maxis Mobile Sdn. Bhd.
  • Maxis International Sdn. Bhd.
  • Advanced Wireless Technologies Sdn. Bhd.
  • Maxis Mobile Services Sdn. Bhd.
  • Maxis Broadband Sdn. Bhd.

Competitors

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