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
Financial Highlights
| Dec 2022 | MYR | USD |
| Revenue | 9,789M | 2,224.09M |
| Gross Profit | 2,262M | 513.93M |
| Operating income | 1,917M | 435.55M |
| Income before tax | 1,811M | 411.46M |
| Net income | 1,182M | 268.55M |
| EBITDA | 3,638M | 826.56M |
| Diluted EPS | 0.15 | 0.03 |
| Dividends Per Share | 0.20 | 0.04 |
| Total Assets | 23,045M | 5,231.55M |
| Total liabilities | 16,674M | 3,785.24M |
| Total equity | 6,371M | 1,446.31M |
| Operating cash flow | 2,875M | 653.21M |
| Currency in MYR | Currency in USD |
Historical Data
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
| Revenue | 9,192.43M | 9,313M | 8,966M | 9,203M | 9,789M |
| Gross Profit | 2,896.33M | 2,664M | 2,478M | 2,187M | 2,262M |
| Operating income | 2,506.47M | 2,308M | 2,008M | 1,928M | 1,917M |
| Income before tax | 2,368.72M | 2,027M | 1,852M | 1,762M | 1,811M |
| Net income | 1,779.71M | 1,512M | 1,382M | 1,308M | 1,182M |
| EBITDA | 3,586.95M | 3,810M | 3,640M | 3,786M | 3,638M |
| Diluted EPS | 0.22 | 0.19 | 0.17 | 0.16 | 0.15 |
| Dividends Per Share | 0.20 | 0.20 | 0.16 | 0.16 | 0.20 |
| Total Assets | 20,287.58M | 22,323M | 21,932M | 22,443M | 23,045M |
| Total liabilities | 13,137.85M | 15,322M | 14,882M | 15,718M | 16,674M |
| Total equity | 7,149.73M | 7,001M | 7,050M | 6,725M | 6,371M |
| Operating cash flow | 2,943.79M | 2,989M | 3,149M | 3,450M | 2,875M |
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
| Revenue | 2,277.96M | 2,247.89M | 2,133.63M | 2,220.13M | 2,224.09M |
| Gross Profit | 717.73M | 643.01M | 589.68M | 527.59M | 513.93M |
| Operating income | 621.12M | 557.08M | 477.84M | 465.11M | 435.55M |
| Income before tax | 586.98M | 489.26M | 440.72M | 425.06M | 411.46M |
| Net income | 441.02M | 364.95M | 328.87M | 315.54M | 268.55M |
| EBITDA | 888.87M | 919.62M | 866.21M | 913.33M | 826.56M |
| Diluted EPS | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 |
| Dividends Per Share | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 |
| Total Assets | 4,909.27M | 5,457.27M | 5,452.33M | 5,387.18M | 5,231.55M |
| Total liabilities | 3,179.15M | 3,745.75M | 3,699.68M | 3,772.92M | 3,785.24M |
| Total equity | 1,730.12M | 1,711.52M | 1,752.64M | 1,614.25M | 1,446.31M |
| Operating cash flow | 729.49M | 721.46M | 749.36M | 832.27M | 653.21M |
Valuation Measures
| Dec 2022 | |
| PER | 25.43 |
| ROA | 5.19% |
| ROE | 18.05% |
| Operating margin | 19.58% |
| Profit margin | 12.07% |
Key executives
- Chief Executive Officer: Seow Eng Goh
- Chief Financial Officer: Jennifer Wong
- Chief Information Officer: May Ching Ng
- Chief Corporate Affairs Officer: Mariam Bevi binti Batcha
- Chief Technology Strategy Officer: Rob Sewell
Shareholders
- Binariang GSM Sdn. Bhd. (62.2%)
- Employees Provident Fund (11.7%)
- Permodalan Nasional Bhd. (10.3%)
- Kumpulan Wang Persaraan (1.4%)
- Urusharta Jamaah Sdn. Bhd. (1.0%)
- Public Mutual Bhd. (0.9%)
- The Vanguard Group, Inc. (0.8%)
- BlackRock Fund Advisors (0.7%)
- Great Eastern Life Assurance Co. Ltd. (0.5%)
- Eastspring Investments (Singapore) Ltd. (0.4%)
Contact Details
- Website:http://www.maxis.com.my
- Address: Level 5-9, 11, 14-25 & 29-30, Menara Maxis, Kuala Lumpur, 50088, Malaysia
- Phone: +60 3 2330 7000
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Competitors
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